Merchant

An appeals court ruled Friday that the use of official letterhead from Ohio Attorney General Mike DeWine’s office is a violation of the Fair Debt Collection Practices Act.

A group of small banks and credit unions could not persuade a judge to block the settlement Target and MasterCard reached last month that would reimburse banks on the card network $19 million for losses related to the retailer's breach.

Latin America is becoming a must-have market for mobile payments, replete with fast growing m-commerce adoption and card network investment.

Consumers increased their borrowing in March by the largest amount in nearly a year as borrowing on credit cards rebounded after two months of declines.

Paytm, a major mobile wallet in India with backing from China's Alibaba, is gaining acceptance through restaurants like Domino's and setting the foundation for a larger Alibaba presence in the country.

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.