Merchant

In order for mobile payments to be successful, there has to be a sustained effort to communicate the worth and educate both the consumer and the merchant.

Debt collection complaints topped the Consumer Financial Protection Bureau’s annual list in 2015 with 31% of total complaints, but the number dipped 3.5% to 85,200.

Amazon.com Inc.'s relaunch of its online payments business in 2013 was greeted with skepticism. PayPal Holdings Inc. had a huge head start and credit card companies like Visa Inc. already had products that made buying something on the Web as easy as swiping a card.

More than two-thirds of all U.S.-issued MasterCard consumer credit cards are now chip-enabled and the number of merchants accepting EMV transactions continues to climb, MasterCard said March 31.

The migration to EMV chip cards in the U.S. has hit enough snags that some may wonder if it's better to let someone else smooth things out.

Mobile wallets and related technologies are starting to look very different. Whether they are absorbed into other mobile offerings or removed from the phone altogether, these systems are looking less and less like the old-fashioned billfolds they replace.

Poplar Bluff, Mo. city officials are looking into hiring a collection agency to pursue more than $200,000 in debt owed by a former internet provider.

Two large national groups want a federal court to force the Department of Education to release documents showing how it oversees private collection agencies and collects student loan debt.

In one of its biggest splashes since first making Amazon Dash Button payments available nearly a year ago, the Seattle-based online shopping giant says it has tripled the number of brands that support its WiFi instant ordering system.

First Data Corp. paid Chief Executive Officer Frank Bisignano $51.6 million in 2015, almost twice what his former boss, JPMorgan Chase & Co. CEO Jamie Dimon, received last year.