Merchant

MasterCard Inc. agreed to buy Applied Predictive Technologies Inc. for $600 million as it seeks to expand technology offerings for merchants.

The U.K.’s retail spending in the first three months of 2015 was 2.8% higher than the same period last year earlier. But despite the rosier outlook, consumers’ trust in the banking industry is yet to return, together with their desire to use credit cards.

Mobile apps have become an ingrained part of air travel, providing everything from boarding passes to entertainment, and are increasingly handling payments as well.

As a pawnbroker for over 26 years and a former president of the National Pawnbrokers Association, I am alarmed and dismayed by the recent wave of banks terminating their relationships with pawnbrokers.

Abandoned homes in New York City that are stuck in foreclosure proceedings jumped 38% rise in 2014. State officials are pushing for legislation to make banks and mortgage lenders more responsible.

Corinthian Colleges, the for-profit chain of colleges under fire in the last year for leaving students with unsustainable debt levels and lackluster job prospects, announced it's shutting down its remaining 28 campuses effective Monday.

Success seems to come easily for Starbucks' mobile payment efforts, but only because the company did its heavy lifting elsewhere.

Apple Pay represents a new cost to the issuing community. The issuers accept this because there is little choice but to operate on Apple's terms, including paying a fee to support Apple Pay.

To address integration concerns for retailers, Bindo is connecting its iPad-based point of sale software to Powa Technologies' hardware for clients in the U.S. and Asia.

In China, a new report from PwC, indicates banks are dealing with a surge in bad loans as a result of slowing economic growth.