Merchant

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.

Dwolla is dumping its transaction fees to instead focus on making money from added features, services and custom software. It's a business model that others have tried before with mixed results.

IHL, which tracks retail payment trends, has slammed EMV in a recent report, calling it "a colossal waste of time, effort and capital to the retail industry."

There have been various media reports about some of the security shortcomings within Apple Pay. The shortcomings are not security holes per se, in the sense that a hole is generally unintended. No, the security issues were deliberate, done with the goal of making signups and initial usage as easy as possible for shoppers.

A lawsuit filed Thursday in New York accuses The College Network and its owner of scamming more than 2,000 New Yorkers, leaving them saddled in debt.

The traditional cash register is making way for new technology based on tablets, smartphones and other, sleeker devices. These products open up a range of new capabilities for the retailer and the consumer.

A group of 32 Senate Democrats on Thursday asked Consumer Financial Protection Bureau Director Richard Cordray to issue the "strongest rules possible" against predatory lending.