Merchant

In the U.S., approximately 1.7% of credit card accounts are more than 30 days past due, which includes people who have let their bills go unpaid for more than 60 and 90 days, according to 2014 third quarter data from Experian Intelliview.

The payments industry is quickly adapting to new technology, new regulations and new consumer demands. Here are 15 of the industry's major transformations already in progress.

Verizon Communications Inc. has paid the state of Massachusetts $1.3 million to settle charges that it overbilled the state for phone service.

The Consumer Financial Protection Bureau published a notice this week in the Federal Register to collect comments on its request for approval of a consumer response intake form under the Paperwork Reduction Act.

Years ago, merchant services meant selling a terminal and writing the merchant account. It seemed easy, right? The problem is that some of us are still trapped there.

A nonprofit behavioral health provider in New Mexico submitted more than $4 million in overbillings, according to an audit conducted for New Mexico's Human Services Department, which included a case-by-case review of 150 reimbursement claims.

The Consumer Financial Protection Bureau is urging the Department of Defense to finalize its proposal to extend the Military Lending Act to cover more types of credit than the current rule.

More than 1.1 million households in the U.S. used auto title loans in 2013, according to a survey by the Federal Deposit Insurance Corp. - the first time the agency has included such loans in its annual survey.

Experian announced Monday that it will begin offering FICO credit scores through its direct-to-consumer products.

Fair Debt Collection Practices Act lawsuits dropped to a more typical 713 cases (including 66 class action cases) filed in November after a spike to more than 900 in October. Fair Credit Reporting Act lawsuits decreased to 173 (including 14 class action cases) in November from more than 225 a month earlier.