Merchant

Officials in Stockton, Calif. are apologizing to thousands of city residents who were incorrectly notified that they were delinquent on their sewer bills.

A Mississippi woman filed a class-action complaint last week in Chicago’s federal court against finance company First Tower Loan LLC for allegedly violating the Telephone Consumer Protection Act.

Spain's largest bank, CaixaBank, has entered a payments joint venture with Global Payments and the Erste Group Bank for transactions in Czech Republic, Slovakia and Romania.

Payment system transformation has become a pressing need for banks today. The rate at which this is happening is largely controlled by the conflict between rapid technological shifts and the barriers to product acceptance.

Starbucks and American Express are both using cross-merchant rewards to boost their own volume, but with a very different philosophy driving each company's program.

WASHINGTON — Two years after a legal challenge to the Consumer Financial Protection Bureau's constitutionality was dismissed by a federal court, the case is unexpectedly back from the dead.

A Senate bill passed late Thursday provides additional funding but it also requires enhanced reporting on lending and credit quality from SBA. The measure is headed to the House.

If the decision by the New York appeals court is upheld, banks and other lenders could have trouble finding buyers for credit card and other consumer loans.

The Small Business Administration has worked hard to make its flagship 7(a) loan program more attractive, adding lenders, slashing fees and cutting red tape to speed the review process. Now, the agency is paying the price for its efforts.

After almost three years in development, the retail industry's answer to Apple Pay is finally getting off the ground.