Merchant

Ohio regulators announced the filing of a lawsuit Friday against Buffalo, N.Y. collection agency Rotech Holdings Ltd. for allegedly harassing and misleading Ohio residents.

Mobile payments is the next “big thing” for consumers. But how can we keep it from becoming so for hackers as well?

Confidence in the U.S. economy appears to be rising amid low gas prices and a strong dollar as Americans stepped up their borrowing pace in September, according the the Federal Reserve’s G.19 consumer credit report.

Wells Fargo has agreed to pay $81.6 million to settle a federal investigation into its alleged failure to properly notify homeowners of increases in their mortgage payments.

Square Inc. is aiming for a valuation of as much as $4.2 billion in its initial public offering, well short of the $6 billion the mobile-payments service sought in its latest funding round.

With Visa Inc. set to merge with Visa Europe, the U.S. company stands to benefit from the experience its London-based counterpart has in mobile and digital payments. It could also supercharge these projects with added resources.

PRA Group reported third-quarter revenue of $229.4 million, a 4% drop that fell far short of 9% growth expectations. The debt-buying giant’s net income dropped by nearly two-thirds from year-ago levels.

Borrowing by U.S. small businesses increased overall growth in September, according to the Thomson Reuters/PayNet Small Business Lending Index.

The rollout of EMV is accompanied by increased card not present fraud, but banks can reduce losses using voice biometrics in the call center.

Automobile lending reached its highest level ever at the end of the third quarter while showing few signs of credit weakness, the credit bureau Experian reported Wednesday.