Merchant

Wells Fargo has eliminated foreign transaction fees for transactions made by small businesses made outside the U.S.

Sure, the U.S. government recently handed down strong new rules designed to protect consumers from unwanted robo-calls. But maybe some robo-calls aren't so bad. Like debt-collection calls in cases where the debt happens to be backed by Uncle Sam.

A collection agency allegedly fraudulently collected more than $31 million from thousands of people across the U.S., a sum that could make it the largest collection scheme ever prosecuted.

U.S. merchants, card issuers, and payment processors are beginning to switch over to EMV. However, there are frequent reports that large numbers of U.S. merchants are not ready.

Sure, the U.S. government recently handed down strong new rules designed to protect consumers from unwanted robo-calls. But maybe some robo-calls aren't so bad. Like debt-collection calls in cases where the debt happens to be backed by Uncle Sam.

"At some point there will probably be a government agency telling us to do this. So why not start now?" says MultiFunding CEO Ami Kassar.

The alliance between JPMorgan Chase and the Merchant Customer Exchange represents more than an olive branch between two industries that have typically been at war over fee revenue — it's a result of a years-long transformation in how Chase approaches its relationships with the retail sector.

Customers Bancorp in Wyomissing, Pa., is building an online borrowing experience for its small-business clients.

The Sixth Circuit Court of Appeals has ruled in favor of collection agency Van Ru Credit Corp. in a case involving a voicemail message left at a consumer’s business.

Utah officials want to make it easier to garnish the bank accounts of delinquent taxpayers by requiring banks and credit unions to turn over targeted customer information.