Merchant

Costco Wholesale Corp. customers have deluged the retailer’s Facebook page with hundreds of complaints about a new credit card from Citigroup Inc., saying they endured lengthy wait times and had trouble activating accounts.

Counties that had high uninsured rates prior to the implementation of the Affordable Care Act have seen per capita collection balances fall if their state expanded Medicaid.

Early Warning's clearXchange is starting to show the bank-led network's potential to catalyze faster processing, and now the enterprise is also executing on its broader goal to power other products beyond person-to-person transfers.

One of the first items on a company’s wish list is a request to make compliance easier. So, why do so many organizations make compliance more expensive and complicated than it needs to be — all on their own?

PNC Bank will make instant card issuance available in 85% of its branches by the end of this year, advancing what's becoming a staple of EMV-era card strategy.

Kabbage is licensing its digital lending technology to one of Canada's largest banks, which plans to offer an online application process to small businesses.

Retailers both online and off have noted an increase in chargebacks since the U.S. moved to microchip cards back in October. None of them are happy about it.

The digital revolution has not been kind to independent sales organizations and others in the merchant acquiring market, which has seen its long-standing business model upended by the mobile point of sale and other new technologies.

I’d like to suggest there is one more bubble which has yet to be called out, but is nevertheless pretty obvious to a handful of payments professionals who don’t practice the art of denial or are not paid to cover up the obvious symptoms. It’s the payments bubble.

WASHINGTON — Banks in states with legal marijuana businesses may warm up to them as customers if an amendment to a Senate appropriations bill becomes law.