Merchant

Verifone has brought on two new executives to head up its Asia Pacific and China regions on the heels of its disappointing results in those markets.

In today’s fast-paced, digital age, when smartphones are “outdated” six months after they’re released, nothing stays the same for long, and that includes payments fraud.

Now the CEO of the mobile point of sale provider ShopKeep, Norm Merritt previously headed the global outsourcing company iQor and brings with him a few ideas about how to make big money by serving small merchants.

The new Amex Express Checkout service bears a passing resemblance to rival products like Visa Checkout, MasterPass and PayPal. But that similarity is only skin deep.

The operators of a fraudulent collection scheme are banned from debt collections in a settlement of Federal Trade Commission charges that they bilked millions of dollars from Spanish-speaking consumers.

A Liverpool, N.Y. collection agency that allegedly engaged in threatening and abusive practices must close permanently and pay back $400,000 to debtors, according to a court order.

Late payments on home equity credit lines hit their lowest level in more than six years, defying warnings about the looming aftershocks of loose bubble-era lending standards.

With the U.S. EMV migration deadline looming and merchants urged to add encryption and tokenization as well, Transaction Network Services sees an opportunity in helping clients manage all of this technology.

MasterCard's decision to do a 500-person trial of facial recognition for payment authentication next month may seem like a bold move in security, but it's really taking aim at friction.

QR codes, a relatively old technology, are back in the spotlight thanks to a consortium of retailers led by Walmart and Target that plan to use the codes in their CurrentC payment technology.