Merchant

Citigroup has agreed to acquire Brooks Brothers' credit card portfolio and issue cards on behalf of the clothing retailer.

An Automated Clearing House joint venture in Europe will help handle increased cross-border transactions in the Single Euro Payments Area and keep the processors on track to adjust to any future faster payments initiatives.

While nobody knows what technology entrepreneur and payments executive Jack Dorsey will do next, a series of circumstances are making Twitter a possible permanent move.

CEO Frank Bisignano trumpets a resurgent First Data as the company reportedly preps an IPO, according The Wall Street Journal. How much progress has the company made?

As mobile payment systems mature, they still face several hurdles to adoption. Some of these problems are as much cultural as they are technological.

Digital payments company Payveris and credit union support company EPL have jointly announced an electronic bill payment product.

The CFPB updated database includes more than 7,700 consumer narratives of problems faced when dealing with financial companies - including collection agencies and credit card issuers. More than half of consumers who have complained since March chose to share details.

In Washington Heights, a small startup has found a new opportunity by building a business to business platform to serve the numerous storefront remittance providers in the largely Latin American neighborhood in Upper Manhattan.

ITT Educational Services, under fire for more than a year from the Consumer Financial Protection Bureau, responded Thursday to comments from a former bureau official.

TransUnion said on Thursday that its initial public offering was priced at $22.50 per share, meaning the company is valued at an estimated $4 billion.