Merchant

A Massachusetts collection agency and debt buyer is the target of a federal complaint filed Monday by the Consumer Financial Protection Bureau. The agency is accused of reporting and collecting on old cellphone debts disputed by consumers.

Competition for commercial clients is fierce, so banks are on the hunt for ways to keep their customers happy.

The debate over whether signatures or PINs are a stronger security feature overlooks the fact that neither is the most important defense against fraud.

The financial outlook for nonprofit healthcare facilities in the U.S. has improved enough that the hospital industry should be able to ward off upcoming shifts in government payments and moves by employers to coordinate care toward outpatient services, according to a report from Fitch Ratings.

Merchant cash advance (MCA) is a common form of alternative lending that many ISOs and agents offer to supplement their income.

The healthcare industry will be a target for data breaches next year because of the high value of medical records sold on the black market and the ongoing transition to electronic medical records, according to a new forecast.

Verifone has appointed former Oracle executive Christophe Job as a senior vice-president and chief technology officer in charge of global solutions delivery.

Missouri Attorney General Chris Koster proposed reforms Thursday to stop debt collection practices that he believes unfairly target minority and low-income residents.

Weighed down by regulation and besieged by technology companies on nearly every front, traditional banks have been slow or unable to react to the recent surge in fintech innovation. While the payments battle has primarily taken place on the consumer side, a similar scenario may soon unfold in another major segment of their operation: business banking.

An estimated 1,300 former students of defunct for-profit Corinthian Colleges Inc. will have their federal student loans canceled by the U.S. Department of Education after it found students were tricked into taking on the loans, according to a government report released Thursday.