Merchant

The Bankruptcy Abuse and Consumer Protection Act became law 10 years ago this week. The law was the culmination of a bipartisan push in Congress to change a system that seemed to encourage bankruptcy filings during a time of prosperity. It is reasonable to ask, a decade later, whether reform worked.

The changes made 10 years ago reduced abusive bankruptcies and made our nation's economy more resilient. If Congress had gone further by regulating attorney fees and increasing penalties for fraud, the economy would be that much stronger.

The reform has returned bankruptcy to its intended function as a last resort for consumers, rather than a way for the wealthy to game the system at everyone else's expense.

As mobility has become embedded in the world’s cultures, issuers are feeling the heat to create their own mobile apps, but in an era of non-top data breaches and increasing identity theft, security fears abound.

The European mobile point of sale provider payworks plans to expand in the United Kingdom through the hiring of former Verifone executive Frank Landen.

When Square announced its payment processing deal with Starbucks three years ago, accompanied by a $25 million investment from Starbucks, it wasn't clear how the math would benefit the payment processor.

When Netflix announced that its new U.S. subscriber count had declined 10.2% year-over-year, it blamed the "ongoing transition to chip-based credit and debit cards." And the video-streaming company may not be the only victim of this phenomenon.

The CFPB on Thursday finalized a rule to improve information reported about the residential mortgage market, including updates that will reveal more about consumers’ access to mortgage credit.

The Senate Banking Committee’s top Democrat wants Experian to disclose more information about a data breach resulting in the theft of personal details on millions of T-Mobile customers.

First Data Corp. raised $2.56 billion in its initial public offering, pricing the shares below the marketed range.