Merchant

Debt-buying giant Encore Capital Group reports first-quarter gains, including in portfolio purchasing and recoveries.

Bank of America pops up in Friday's news for several reasons, including an article revealing the bank and JPMorgan Chase agreed to scrape debts discharged in bankruptcy from consumers' credit reports within the next three months. The move comes in response to a set of lawsuits.

The good news is that EMV is very effective at preventing the use of counterfeit credit/debit cards at the point of sale (POS), commonly referred to as card-present (CP) fraud.

A community development venture in the District of Columbia supported by Citigroup, government officials and local financial institutions has partnered with loan marketplace Biz2Credit to facilitate loans to small businesses.

NCR Corp. has updated its transaction processing solution, Authentic, with features such as a browser-based point of sale and card management interface.

New York Attorney General Eric T. Schneiderman announced Thursday the introduction of a newly expanded Abandoned Property Neighborhood Relief Act, legislation aimed at curbing the number of abandoned foreclosed homes, also known as zombie foreclosures.

Few businesses accept cards for B2B transactions, dreading an interchange charge of 2% to 5% on sales that total thousands of dollars. But there are instances where the benefits of using cards outweigh the cost.

Debt-buying giant PRA Group on Wednesday reported strong first-quarter gains.

Western Union Co. said it’s not in talks to acquire smaller rival MoneyGram International Inc.

Collection agency J.E. Robert Co. Inc., also called JER Revenue Services, faces a lawsuit that charges that firm with inflating attorney fees owed by residents in New York who were late on their water and sewer bills.