Merchant

Banks need to improve their use of technology designed for small-business customers soon, or risk losing them.

Square will enable sellers to make daily bank deposits, adding another in a series of merchant-focused perks designed to diversify revenue streams and sweeten the company's appeal to businesses.

Every product has a "sell by" date, and so should every independent sales organization.

Every product has a "sell by" date, and so should every independent sales organization.

The Beltway debate between the retail and financial sectors over the electronic payment system has flared up again. While retailers are lobbying Congress to extend government price controls to credit card interchange rates, separate bills would repeal Durbin Amendment ceilings on debit card interchange and strengthen merchant security standards.

The Consumer Financial Protection Bureau released a plan Thursday to overhaul the debt collection industry that would limit collection attempts to six per week and require confirmation of a debt before contacting consumers. The plan, however, is not yet directed at banks and credit card companies.

TSYS is beginning to integrate its $2.4 billion acquisition of TransFirst, an initiative the Columbus, Ga.-based processor hopes will substantially extend its ability to serve merchants in the high-pressure arena of multichannel commerce.

More than 40% of consumers with complaints about debt collections say they were asked to pay debts they didn't owe. There are a host of reasons for the problem, including inscrutable legal disclosures.

The marriage of in-store shopping, online ordering and mobile commerce is happening just as fast for retailers as it is for consumers.

Pokémon Go has taken the US by storm, to put it mildly. For an app that was released very recently, it already has more users than Twitter and is beating Facebook on daily engagement.