Merchant

The operators of an advance fee recovery scheme that falsely claimed it could recover money that consumers had lost to telemarketing scams will be banned from selling recovery services, and from telemarketing, under a court order issued at the FTC's request.

Washington Attorney General Bob Ferguson on Monday announced a $63,000 resolution of an investigation into alleged unfair debt collection practices and deceptive advertising by retailer Freedom Stores Inc.

Last week U.S. House Small Business Committee held the second part of a hearing entitled “The EMV Deadline and What it Means for Small Businesses,” which was supposed to address payment security in the United States.

Bluetooth beacons are gradually appearing in more stores, and some experts predict their use will grow more rapidly once the devices establish a strong link to payments and other vital retail systems.

Starbucks Corp. said JPMorgan Chase & Co. will process transactions previously handled by Square Inc. as the coffee company rolls out terminals that accept chip-based cards.

Target, by all accounts, the corporate face of retail data breach, is driving full force to use its complete embrace of EMV to bolster its tarnished image and put it in the vanguard of card fraud protection and data security. And it is targeting one of the biggest sticking points to EMV: user adoption.

The combination of location-based marketing and mobile wallets is relatively new territory for merchants and consumers, bringing these two parties so close together that they may start to overlap.

When Square created the market for mobile point of sale devices, Verifone got defensive. Today, with the rollout of its Engage platform, Verifone is going on the offense.

Sprint will pay $2.95 million in penalties to settle FTC charges that it failed to give proper notice to consumers who were placed in a program for customers with lower credit scores and charged an extra monthly fee.

More than 6.9 million U.S. residential properties were classified as seriously underwater at the end of the third quarter, a drop from the second quarter and from one year ago.