Merchant

Debt collector James A. Havassy and his company, Hamilton Law Group, are defendants in a lawsuit alleging they intimidated family members into paying medical bills.

The Consumer Financial Protection Bureau fined RPM Mortgage and CEO Rob Hirt $20 million for illegally paying bonuses and higher commissions to loan agents to lead people into more expensive loans. Hirt said the company did nothing wrong.

Merchants face a confusing onslaught of terminal updates, encryption, tokenization and EMV, placing organizations like the Payment Card Industry Security Standards Council (PCI SSC) in the role of trying to make sense of the changes.

We already know that American Express, Discover, MasterCard and Visa are on board with Android Pay. MasterCard has mooted its launch date to be ‘in the coming months.' So, the global support network is in place, but broader questions remain: Will it take on Apple Pay? How will it compare, or even compete, with Samsung’s offering?

Apple Pay's launch was seen as so bank-focused that some retailers griped or outright rebelled against the Apple mobile wallet. But today, Apple made a major peace offering to the merchant community — and it's working with Square to make that happen.

Amazon.com Inc. built a Web- retailing empire by persuading consumers to pay for books, electronics and other merchandise online. Now it's targeting the next generation of shoppers.

U.S.-based payment processor Total System Services (TSYS) has launched a service called Chip Card on Demand that provides issuers the option to add EMV chips to compatible magstripe cards during the production process.

A letter sent to several large banks on Friday advised the banks to limit tellers' access to customer data and do more to detect signs of misbehavior.

Three years after the FTC won a judgment against mortgage relief defendants, duped consumers will receive checks in the mail.

Consumers are on pace to tally another $55.8 billion in credit card debt this year, despite paying off $34.7 billion in card debt during the first quarter, according to a study.