Merchant

Financial institutions that succeed in attracting more millennial users to bill pay are positioned for future success, and targeted outreach to this demographic could reap solid results.

Eager to appease EMV-weary stores, Sionic Mobile is finishing tests on a system that uses a three-digit code to execute payments via mobile devices.

OnDeck Capital reported a quarterly loss of $12.6 million as revenues fell short of expectations. At the same time, the New York firm sharply reduced its earnings projection for the rest of the year.

PRA Group, a Norfolk, Va.-based debt buyer, announced the creation of a new leadership position - vice president, Office of the Consumer.

A federal court found BlueHippo Funding LLC, BlueHippo Capital LLC and Joseph Rensin in contempt for operating an allegedly deceptive computer financing scheme in violation of a court order the defendants agreed to in 2008.

With an improving economy, higher-quality originations and declining delinquencies, the market for mortgage servicing rights is catching fire.

WASHINGTON — Federal Deposit Insurance Corp. Chairman Martin Gruenberg has been called to testify on recent cybersecurity breaches in front of a House committee this month.

The U.S. Department of Education has changed the student loan default rates at 21 colleges to allow them to continue receiving federal funding.

Despite the enormous upside, mobile wallet adoption rates remain relatively low, persistently underperforming expectations.

MagTek CEO Annmarie ‘Mimi’ Hart is eager to witness the potential of futuristic payment technologies, from wearables to ‘edibles’ and ‘injectables.’ But first, she must work with the merchant community to address the shortcomings of today’s approaches to payment security.