Merchant

Consumer loan delinquencies fell sharply in the second quarter ended June 30, thanks to large drops in home loan-related delinquencies, according to the American Bankers Association.

Apple Inc. is rolling out its mobile-payments service for select Starbucks Corp. stores by the end of the year, and will reach 7,500 company-owned stores in 2016, the coffee chain said in a statement. KFC stores and Chili’s Grill & Bar will make Apple Pay available in next year as well, Jennifer Bailey, the Apple vice president in charge of the service, said at the Code/Mobile conference Oct. 8.

Payday lenders in Alabama have issued 386,641 payday loans in the last two months, according to a database that started tracking the lending on Aug. 10.

Adoption of mobile payments has been slow, and it's not clear why. Some have suggested the problem is a lack of understanding among consumers. Others have questioned whether mobile payments really address a consumer pain point.

Fifth Third Bank has formed a partnership with cloud-based payment and digital banking provider Bottomline Technologies to provide electronic payment services to the bank’s business customers.

An ACLU chapter sued Benton County, Wash., accusing it of sending people to jail or forcing them to toil on work crews if they fail to pay their court fines. The class-action case wants a ruling on the constitutionality of the county's collection strategies.

Minnesota’s Supreme Court ruled Wednesday that out-of-state payday lenders will have to follow the state’s strict lender law for Internet loans, rejecting an argument that the law is unconstitutional.

Europe has been a clear leader in the adoption of EMV. One notable migration took place in the United Kingdom. The U.K. began the process of promoting EMV in 2002 and completed the full roll out in 2006.

When Cumberland Farms said this month that it had processed $1 billion worth of gas via its decoupled debit card over the course of nearly three years, it was the latest example of the power of the decoupled debit card. And yet, other than Target's RED card, decoupled debit has barely moved beyond the convenience and petroleum segment.

Consumer borrowing rose in August at the slowest pace in six months, reflecting a cooling in lending for student loans and autos, but still reached a record $3.47 trillion, according to Federal Reserve figures.