Merchant

Council members in Eclectic, Ala., unhappy with the collection agency that pursues debts owed to the town’s Emergency Medical Services division, voted this week to hire Simmons Collection Agency instead.

WASHINGTON — The Consumer Financial Protection Bureau has ramped up its push for the mortgage industry to switch to an electronic closing process after results from a pilot program showed consumers favored it over in-person mortgage closing.

With the EMV-chip card deadline just two months away, Mercury Payment Systems is emphasizing security by providing a reason for its partners to engage in more education and become certified as compliant with the Payment Card Industry data security standard.

There is money to be made for merchants who support mobile payments. However, cyber criminals have noticed and they want their cut, too. The newer and more untested the technology, the greater its potential vulnerability.

The issues tied to its MoneyPak reload cards continue to plague Green Dot Corp., despite the prepaid card issuer's decision to discontinue the product back in 2014.

Gallup has settled a Telephone Consumer Protection Act class-action lawsuit concerning an alleged violation of the law through use of an autodialer to call consumers. Gallup will provide a $12 million settlement fund.

The operators of a credit repair scheme that allegedly tricked Spanish-speaking consumers into paying thousands of dollars each to improve their credit have settled FTC charges.

Looking at the majority of recent articles around the launch of Apple Pay in the UK, you’d be forgiven for thinking that the most exciting aspect of Apple Pay is its harnessing of Near Field Communication (NFC) technology.

A payday lender that allegedly collected money illegally faces a lawsuit filed Tuesday in federal court by the Consumer Financial Protection Bureau.

Heavier second-quarter marketing expenses at OnDeck Capital highlight a concern throughout the marketplace lending industry: the high cost of customer acquisition as competition from banks and nonbank startups heats up.