Merchant

Kash Corp. is prepared to move into the money transfer world, launching an application programming interface (API) that will allow companies of all sizes to accept direct debit payments without credit card fees.

Americans had 314 million credit card accounts during the first three months of the year, the highest number since the fourth quarter of 2008, according to a report released Wednesday.

The Council of Better Business Bureaus released data showing that collection agencies received 21,576 complaints from consumers last year, the fifth most complained about financial sector.

Consumer borrowing rose by $19.1 billion in July, pushing the total to a record $3.45 trillion, according to the Federal Reserve.

With the mobile payments landscape rapidly evolving, banks face a vexing challenge: what should their go-forward strategy be?

Fifth Third Bancorp in Cincinnati has tapped a new chief strategy officer to replace Dan Poston, who will leave the bank to join the payment processor Vantiv.

MasterCard Europe is making a major push to increase mobile payments acceptance points and encourage higher value transactions, considered a “tipping point” in the market’s maturation.

What does a small bank do when a much larger bank encroaches on its home turf?

Prestige Financial Services, a privately held subprime auto lender, is looking to spark growth by offering credit directly to consumers over the Internet.

California’s Court of Appeal has blocked a class-action lawsuit against against collection agency GC Services.