Merchant

A recent article in American Banker suggests that U.S. Bank is beginning to charge consumers $6.95 for an instant payment.

The findings from the California Department of Business Oversight, which also included data on interest rates and delinquencies, could be a precursor to new state regulations.

CFPB Director Richard Cordray testified before a U.S. Senate committee Thursday and was questioned about the bureau’s recent report stating service members complaints are nearly twice as likely to be about debt collection compared with the general population.

A New York man who claimed a collection agency and law firm illegally garnished his wages under a state court default judgment cannot pursue federal claims against the firms, according to a ruling Thursday.

Square will be the exclusive point of sale provider for Coachella, a large music festival, covering everything from tickets to concessions.

U.S. household borrowing climbed in February compared with January, supported by financing for automobiles and college education.

If merchants in the U.S. took a cue from their counterparts in Australia and began making consumers pay a surcharge for credit card transactions, it would attract more backlash than revenue.

Cutting out every step except one—opening the app—Domino's Pizza has introduced what may be the most streamlined approach yet to ordering and paying for delivery with its Zero-Click Ordering app, which launched this week for iOS and Android.

Mobile payment users are set to soar in the coming years and this is the chief reason competitive businesses need to get on board.

Sen. Jeff Merkley, D-Ore., and nine other Democrats are attempting to block a go-around they say payday lenders use to avoid complying with state laws.