Merchant

In time for the EMV liability shift, Moneris announced the launch of eight new point-of-sale tools compatible with the chip technology.

Emclaire Financial in Emlenton, Pa., has exited the Small Business Lending Fund.

An auto finance company and its title lending arm must overhaul their collection practices and provide consumers $44.1 million in cash relief and balance reductions to settle federal charges.

Like campaign managers at the end of a long election trail, top payments executives spent the final hours leading up to and shortly after the official EMV liability shift launch supporting the efforts of the past four years and providing the latest details on chip-card migration.

A housing report released Thursday shows that buying a home was at the most affordable level in two years in the first quarter, despite the average home price increasing at more than twice the pace of the average weekly wage nationwide.

The FTC's second Debt Collection Dialogue event focused on regulatory compliance and the complexities of the current collections climate.

A handful of moderate Democrats supported a controversial bill to restructure the Consumer Financial Protection Bureau, helping the House Financial Services Committee approve the legislation.

First Data Corp., the payments processor taken private by KKR & Co. eight years ago, is seeking to raise as much as $3.2 billion in what’s poised to be the biggest U.S. initial public offering this year.

In updating cards with EMV technology, Visa and MasterCard have neglected an important element of what makes the security standard so successful elsewhere. The need for PIN verification is clear.

Rules set by Visa and MasterCard suggest that by the start of this month, ideally, banks would all be issuing EMV-compliant cards and retailers would have the technology to accept them. If one party is supporting EMV and the other is not, the delinquent entity will have to cover the cost of any fraud that ensues.