Merchant

Attempts by online lenders to debit payments from consumers' checking accounts add a steep, hidden cost to online payday loans, according to a Consumer Financial Protection Bureau report released Wednesday.

On any given day, there are countless articles circulating about the issues associated with EMV and how it will soon be replaced by the next big thing. However, EMV is here to stay, and, despite some who claim otherwise, that’s a good thing.

J Sainsbury Plc, the British grocer caught up in a cost-cutting war with its supermarket rivals, sought to prevent secrets of how it sets its prices from being revealed to competitors as part of an industry-wide lawsuit over credit-card fees.

Ingenico Group has begun offering tools to address some of the complex challenges in developing EMV-enabled mobile point of sale applications.

When EMV came to market in Europe in the 1990s, it entered a world with a much less robust communications infrastructure than what the U.S. has today. So, following the launch of EMV in the U.S., Visa decided it was time to break some old habits.

An e-commerce technology unit eBay sold last fall after separating from PayPal has reformulated itself as Radial, tailoring its services for online merchants that want to make the leap to omnichannel commerce.

Regions Financial has made clear that it wants to ramp up in consumer and small-business lending, and a big part of its strategy is teaming up with alternative lenders.

The Ninth Circuit Court of Appeals has rejected an attempt by Allstate Insurance Co. to stop a Telephone Consumer Protection Act class action.

Consumer credit default rates remained relatively flat in March despite a jump in bank card default rates, according to the S&P/Experian Consumer Credit Default Indices.

While beneficial for businesses and consumers, Nacha's new rule for same day transactions will require banks and other financial institutions to review thousands of additional transactions per day, leading to a significant increase in costs, not to mention an increased potential for fraud due to volume and rapidness of review.