Merchant

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.

Carver Federal Savings Bank in New York announced a loan program for small businesses on Monday.

As mobile wallets become more popular they'll also become more popular targets for fraud. Banks ought to improve enrollment guidelines and other security tools in plotting their mobile-wallet strategy.

A purported nonprofit that allegedly benefitted from a massive landline phone bill cramming operation has agreed to turn over most of its assets in order to settle Federal Trade Commission charges.

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