Merchant

The appearance of consumers’ account numbers on the outside of envelopes containing letters from collection agencies does not violate the FDCPA, two New York federal judges ruled in separate cases.

Indian e-commerce company Snapdeal.com is raising about $500 million from investors led by Alibaba Group Holding Ltd., according to people familiar with the matter.

The ability to browse limitless shops and purchase goods and services from almost anywhere in the world has revolutionized commerce.

The mobile point of sale market already seems overcrowded, but what's out there now is just a taste of what's to come, according to 451 Research.

The National Credit Union Administration's plan to liberalize its rule governing member business lending has touched a raw nerve inside the community banking industry.

Marlin Business Bank has launched a new site to compete with alternative lenders such as OnDeck and Kabbage, which specialize in providing quick and convenient access to small-business credit.

A Consumer Financial Protection Bureau plan detailing ways to protect consumers from payday lending "debt traps" has earned widespread support from Americans, according to a survey by Pew Charitable Trusts.

The concept of a purely mobile or digital transaction is already evolving into something more. A few companies are taking the idea of a software-based payment system and bringing it into the physical world.

Financial institutions that make routine collection calls now face the threat of "robocall" class action lawsuits. Earlier this month, things went from bad to worse for banks that have not committed any abusive robo-calling practices.

While the blockchain will doubtless offer some amazing innovations, much of the hype has focused on obtuse applications in existing markets rather than an exploration of how the technology will be used to create entirely new markets. There are big changes that are being pursued by the best and most ambitious minds in the financial technology and payments industries.