Merchant

For processors, EMV has been the hot topic, as the industry looked to the liability shift last fall. But the challenge has just started, as the migration presents myriad security and compliance tasks.

The newest audience flocking to omnichannel shopping is the one no one invited—fraudsters.

American Express Co., the biggest credit- card issuer by purchases, said fourth-quarter profit fell 38% as expenses rose and the company took a restructuring charge.

It may seem tough for a system that limits itself to one retailer per vertical to expand, but Plenti is making it happen.

The CFPB announced Thursday that Herbies Auto Sales must provide $700,000 in refunds to customers and pay a $100,000 fine to resolve allegations it hid finance charges and deceived consumers purchasing vehicles.

The U.S. Department of Education has granted more time for companies to submit offers to perform debt collection work under a Request for Proposal.

Global Payments Inc. has finalized an agreement to distribute Mobeewave’s contactless mobile card acceptance technology to its Canadian clients beginning this spring.

Starbucks has integrated its mobile pre-ordering and payment feature into its Android app in the U.K.

For years, the financial services industry has relied on tactics such as education campaigns, sales pitches and financial penalties to get merchants to upgrade their technology. Ironically, the bad security that led to Target's 2013 data breach may have been the strongest way to deliver this message.

Elevate Credit, an online lender, has temporarily delayed an initial public stock offering because of difficult market conditions. The firm was set to price its initial public stock offering Thursday.