Merchant

Credit Karma in San Francisco has raised $175 million in venture capital to expand its product offerings for consumers' personal finances.

The fraud fix, as it is becoming clearer, is to take payment card information (account numbers, card verification values and the like) and devalue this data in an effort to make it less relevant to the hackers who seek to harvest and sell it.

Canada's suretap mobile wallet provides service to most of the country's mobile carriers, but its coverage map omits Apple handsets and most Canadian banks.

To address the impact of American Express President Ed Gilligan's death in May, the card network has changed some executive roles and revised its internal corporate structure.

Debt collection litigation is not following any particular pattern this year. The only certainty is that Telephone Consumer Protection Act litigation is having a really bad (or, good, depending on your perspective) year.

Although it's been widely suspected that merchant EMV compliance will be low in October when the liability shift deadline kicks in, a new Javelin Strategy & Research report is projecting as many as 75% of all merchants will not make the deadline.

U.S. v. Adrian Rubin, filed recently in federal court in Pennsylvania, ought to be required reading for anyone studying the history of online payday lending.

CashPoint will forgive more than $2.36 million in consumer loan debt after reaching a settlement Tuesday with the West Virginia Attorney General’s office over alleged illegal collection practices.

London-based Currency Cloud has closed out a Series C funding round, attracting $18 million from new and existing investors.

Companies offering loan assistance and credit improvement services, and their owner, agreed Monday to settle charges brought by regulators in Maryland.