Merchant

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.

A new compromise package in a Senate highway funding bill proposes to raise $2.4 billion by handing the job of tax collection over to private collection agencies.

Loyalty programs are typically viewed as a consumer-facing marketing play, but the shift to mobile commerce is bringing these programs deeper into the supply chain.

A lawsuit filed by Virginia Attorney General Mark Herring against B&B Pawnbrokers Inc. in Spotsylvania, Va. alleges the business has been making illegal, unlicensed motor vehicle title loans and charging excessive fees for them.

American Express' OptBlue program has added 700,000 small merchants in the past 14 months, wooed by the promise of better fees for Amex acceptance. But it's still too early to declare the program a success.

The SBA's popular 7(a) program has reached its maximum funding authority. Banks may have to decide on providing short-term aid to small businesses that face delays getting loans.

The Basel Committee on Banking Supervision published criteria to help investors assess the risk of asset-backed securities seven months after it set tougher capital rules on the products.