Merchant

Total U.S. bankruptcy filings fell 1% to 64,662 in February compared to 65,064 in February 2015, according to the American Bankruptcy Institute, based on data provided by Epiq Systems.

Oversight of the four largest mortgage servicers' compliance with the national mortgage settlement is officially over, the watchdog supervising the process said Thursday.

New requirements and guidance from the Payment Card Industry Security Standards Council will be released to merchants in April, which is about six months earlier than its normal update cycle.

Debt-buying giant Encore Capital Group has announced it expanded its consumer Bill of Rights to identify customers on active military duty, thus halting all collections on their accounts.

In explaining JPMorgan Chase's commitment to the Chase Pay mobile wallet, Gordon Smith told investors in February that the mobile payment landscape was going to get more complicated before it gets simpler.

Of all the initials small to mid-sized merchants hear during the digital payments migration—"EMV," NFC," "mPOS"—an older abbreviation may finally pry open the door to widespread payments automation: CRM.

The CFPB took action Wednesday against online payment platform Dwolla for allegedly deceiving consumers about its data security practices and the safety of its online payment system. Dwolla must pay a $100,000 penalty and fix its security practices.

Planet Payment and Visa have formed an agreement to deliver a payment processing platform to acquirers and merchants worldwide.

Ocwen Financial in West Palm Beach, Fla., is the target of a second Securities and Exchange Commission investigation into its mortgage servicing practices.

The Consumer Financial Protection Bureau announced Wednesday an application process for requests that areas not currently deemed “rural” receive that designation under federal consumer financial law.