Merchant

In 2010, lawmakers passed bipartisan reforms to bring transparency and competition to a debit card swipe fee market that had previously been void of both. Now, members of Congress want to undo that progress.

Randolph Bancorp raised $57 million in a mutual-to-stock conversion and is using the proceeds to fund acquisitions — it closed its first-ever deal in July — and dramatically improve its digital capabilities.

Yahoo says no bank account or card data has been compromised in its massive data breach. Yet hackers could use their ill-gotten personal information about customers to mess with bank accounts.

The Consumer Financial Protection Bureau filed a lawsuit this week against a Van Nuys, Calif., credit repair company for deceptively marketing its services and charging consumers illegal fees.

The U.S. shift to EMV-chip card security hasn't been smooth. Many companies saw the card networks' Oct. 1, 2015 fraud liability shift date as a starting point rather than a deadline, and even the companies that thought they would be unaffected by the EMV transition found themselves dealing with major headaches.

Independent sales organizations and independent software vendors are equally threatened by disruption, making an alliance a logical — if uneasy — step for both groups.

In e-commerce, merchants strive to achieve a 100% checkout conversion rate but find it elusive because shoppers encounter many obstacles during the payment process.

IBM and UnionPay, China’s transfer, settlement and clearing network, have created a client-focused business platform on which banks can integrate and share reward points programs.

Walmart's new pact with JPMorgan Chase is anything but routine. From the perspective of Walmart, this deal hands it a long-desired holy grail: less expensive Visa transactions.

Bashas' Inc., Arizona's largest independent grocery chain, was certain it was prepared for the October 2015 EMV liability shift. After all, it had begun purchasing terminals for all of its 1,400 checkout lanes a year in advance.