Merchant

The Consumer Financial Protection Bureau is set to unveil a sweeping proposal on debt collection practices this week that would force banks and credit card companies for the first time to comply with federal restrictions. It said the plan would put an end to some of the most egregious practices in the $13.7 billion debt collection industry.

Virgin Money Holdings, the bank backed by billionaire Richard Branson, postponed plans to start lending to small businesses as Britain faces a potential economic slowdown after voting to leave the European Union.

When it comes to filling up at the gas pump and making other everyday purchases, consumers are forgoing cash and using credit cards and debit cards. Retailers are upgrading their systems to keep up with changing payment trends, which is driving demand for payment service providers.

In many emerging markets, daily financial transactions—buying groceries, paying a utility bill, cashing a paycheck or billing a customer—are notoriously difficult. Banking institutions are few and far between, and large swaths of the population have little or no access to them.

A year from now, Sionic Mobile will have distributed 100,000 free iBeacons to small businesses, a $1 million marketing play the company hopes secures its place among local stores as they start to adopt mobile technologies.

B of A says customers are becoming inundated with wallet options, so they are holding out on building their own.

Vantiv had a specific vision in mind when acquiring Mercury Payment Systems two years ago to provide the ultimate playground for app developers to operate in a multi-channel world.

When Amazon launched Amazon Dash buttons, many observers predicted that the concept would completely upend the retail model. But recent market research shows that fewer than half of Amazon Dash purchasers have actually used the button.

While the growth of digital commerce is a universal concept, digital has and will continue to manifest itself different depending upon the industry vertical and its level of digital maturity.

They say to dress for the job you want, not the job you have, and First Data's Clover operation did just that.