Merchant

Oct. 1 was an important day for U.S. merchants. It marked the deadline for retailers to upgrade their point-of-sale terminals to EMV-compliant machines. Afterwards, merchants that don’t support payment cards with embedded chips will be liable for in-store fraud.

Twitter's board is expected to name Jack Dorsey CEO sometime in the next few days, according to technology site ReCode.

In comments to the Treasury Department, traditional financial institutions are calling for more oversight of an industry that is fast becoming a big competitive threat.

U.K. e-commerce firm Powa Technologies is teaming up with Mexico-based point-of-sale software provider Sophitech to launch a tablet-powered cash-out counter for Mexican businesses.

Western Union and Walgreens have come together to offer a new bill payment service.

Federal prosecutors are seeking to seize hundreds of thousands of dollars from a Concord, N.C.-based debt collection company accused of using unfair and fraudulent practices.

Hospitals in Minnesota saw a 6% drop in uncompensated care in 2014, a trend state health officials attribute to more people having health insurance. But the news wasn't as favorable for bad debt.

The government appears to be speeding toward establishing uniform standards for student loan servicers in light of reports of pervasive problems in the administration of both private and federal loans.

The CFPB has released a report outlining widespread servicing failures reported by both federal and private student loan borrowers. Consumers describe companies using various sloppy, patchwork practices that create obstacles to repayment, raise costs and contribute to further harming struggling borrowers.

When major card networks revealed the EMV chip card liability shift timeline four years ago, the Merchant Advisory Group was quick to make its stance clear: A conversion to chip cards won't mean a thing without a PIN authorization to go with it.