Merchant

It's no secret that restaurants are going to be slow to adopt EMV relative to other retail categories, but in the past two months more dining establishments have begun to focus on the business-side issues and changes to customer interaction brought on by chip cards.

The two-sided retail payment network ecosystem is undergoing a tectonic shift. Distinctions between e-commerce, mobile commerce and payments at the physical point of sale are starting to blur, and a range of digital wallet platforms are changing the way that customers make purchases and payments. It may therefore be time for interchange 2.0.

The mobile technology craze is starting to sweep up loyalty programs, placing pressure on banks to brush up the reward redemption experience to meet consumer expectations.

PayPal's previous efforts to come to the physical point of sale about three years ago never managed to topple the entrenched payment methods. Now the company is taking another stab at it, securing an arrangement with Macy's Inc.

Ontario Systems has been acquired by private equity firm Arlington Capital Partners, the two companies announced Wednesday.

Student loan default rates have doubled in the last decade and new research indicates the bulk of the increase is tied to the number of non-traditional borrowers attending two-year colleges and for-profit schools.

The majority of merchants we talk to have little to no knowledge of what EMV is or why it is becoming mandatory for all businesses.

The Consumer Financial Protection Bureau has temporarily shut down a nationwide firm that promised consumers legal help with debt relief. The firm allegedly took $67 million in upfront fees.

Fintech firm Tanium says it has found a unique method for securing the tens of thousands of vulnerable points in the computer networks of banks and other companies.

As the Merchant Customer Exchange's CurrentC mobile wallet goes to trial in Columbus, Ohio—along with a limited test in Target stores nationally—the industry gets it first peek at the venture's priorities.