Merchant

An Arkansas woman is alleging in a lawsuit that debt buyer PRA Group froze her bank account to try to collect $43,200 in interest on a $6,000 judgment that was less than two months old.

DBA International has elected Todd Lansky as president of the association's board of directors. He replaces Patricia Baxter, who has been a board member since 2013 before resigning this week.

Young college graduates, including those who are still paying off student loans, are more likely to buy a home than their peers who did not go to college, according to a report from Navient and Ipsos.

The U.S. migration to EMV chip technology – intended to reduce card fraud, provide global interoperability, and enable safer payment transactions – may prove to be a valuable move for more than just the payments industry.

A lawsuit filed in New York alleges that Northern Leasing Systems, along with several affiliated companies and individuals, trapped small businesses into credit card processing equipment lease agreements and abused the court process by pursuing allegedly wrongful collection lawsuits.

Visa insists that EMV chip card transactions take no longer to process than magstripe transactions do, but it is aware that many consumers disagree.

Federal appeals court judges hearing a case challenging the Consumer Financial Protection Bureau’s single-director leadership structure appear receptive to arguments that the setup violates the Constitution.

As banks weigh blockchain-powered clearing and settlement solutions, the Royal Bank of Canada is looking at how the technology can bolster its customer loyalty schemes.

The word “tokenization” is being used far too broadly to describe a variety of payment security methods that perform different security functions.

Citing growing social and economic pressure to speed processing, the European Payments Council wants to enable real-time payments between the 34 countries in the Single Euro Payments Area (SEPA).