Merchant

The general public is largely uninformed about what EMV is, why it is coming into the US and the benefits of adopting more secure payment technology.

California regulators on Monday identified 14 companies that the state is targeting as part of its recently announced inquiry into the marketplace lending industry.

Debt-buying giant PRA Group, based in Norfolk, Va., has seen negative operating leverage in recent years because of the effects of the global economy, according to Zacks Investment Research.

A bill in Wisconsin would help libraries collect overdue book fines by allowing them to share patron information and use collection agencies or law enforcement agencies.

Though it seems as if the Merchant Customer Exchange has been stuck in the same mud the past year — still testing its CurrentC mobile wallet with no true launch date set — much has happened to support those who believe the retailer joint venture could still land squarely on its feet.

Under Jill Castilla, the once-sleepy Citizens has been transformed into a thoroughly modern institution that has become a model for other small banks trying to stay relevant in an increasingly competitive financial services marketplace. For that reason and more, she is one of American Banker's three community bankers of the year.

Wirecard Group and Alipay are collaborating to provide European retailers with barcode technology enabling Chinese tourists to make point of sale payments using the Alipay mobile wallet app.

American Express has joined LendingTree’s credit card marketplace.

Dealing with late and missed payments from creditors is a chronic complaint of small businesses. A U.K.-based startup aims to attack the problem with YayPay, an automated invoicing platform with a bill-collections feature that launched this week in the U.S.

Foreclosure filings - default notices, scheduled auctions and bank repossessions - were reported on 104,111 U.S. properties in November, a nearly 10% drop from the previous month and down more than 7% from a year ago.