Merchant

The defendants in a federal court action brought by the Federal Trade Commission agreed Thursday to stop running an advance fee recovery scheme for the duration of the ongoing litigation.

The founder of DECA Financial Services, once a fast-growing debt collection agency in Fishers, Ind., is facing federal charges in a $5 million fraud case.

Square is adding global support for its Register merchant services app, a move that allows the company to measure demand in new markets before investing in the distribution of its hardware and other services.

U.K.-based terminal maker Spire Payments has purchased the electronic funds transfer division of STS, a company that provides point of sale payment devices to more than 40 customers across the Middle East.

Mobile payments provider iZettle is expanding into the Netherlands with its payments application, mobile card reader and business management software.

Corinthian Colleges Inc., the higher-education company accused by the CFPB of fair debt violations, announced Thursday that it has agreed to sell campuses in 17 states to an organization that also came under fire this year for collection practices.

Michael Levitis, the owner of a New York debt settlement company, was sentenced to nine years in prison Wednesday after pleading guilty in a fraud scheme that law enforcement officials said victimized 1,200 people with false promises of relief from credit card companies and banks.

Swipely began promoting its services through ISOs, value-added resellers and other third parties about a year ago, and the channel now accounts for a third to a half of the company's new customers.

Federal and state regulators on Wednesday stopped an online scheme that allegedly lured consumers with offers of free credit scores.

The Federal Trade Commission recorded more than 40,000 cases of grandparent scams from 2010 to 2013 and the scam is widely considered to be underreported.