Merchant

Technology at many banks has been assembled haphazardly over years. That makes for complex systems with lots of connections. Those points are prime targets for cybercriminals to find a way in.

A California federal judge has ordered debt relief company Morgan Drexen Inc. to pay the Consumer Financial Protection Bureau more than $173 million to resolve an August 2013 lawsuit claiming the company collected illegal upfront fees for debt settlement service and ran deceptive advertisements.

I made a provocative comment, as it turned out, during my keynote at a recent conference. The comment was picked up in a press article that reported I said "the coding behind virtual currency bitcoin could also prove to be enormously transformational, potentially even replacing the Swift network for interbank payments."

D+H Corp. and The Clearing House are partnering to provide real-time payments to U.S. financial institutions.

An Illinois appeals panel found that collection agency HBLC may have broken federal collection laws by suing a man over a contested debt after the statute of limitations had expired.

Payday loan customers in Alabama would pay less under a bill that won approval Wednesday from the Alabama House Financial Services Committee.

Rising delinquencies in subprime auto lending predictably have drawn comparisons to the mortgage meltdown of nearly a decade ago.

Consumers who have been issued EMV chip cards know how to use them. So it might come as a surprise when merchants equipped with chip card readers instruct their customers to swipe their cards instead.

American Express has filed a notice with the attorney general in California informing some of its cardholders that their account information may have been compromised.

Innovations in payment and financing services are changing the way that organizations around the world conduct business.