Merchant

Payveris has hired financial services technology veteran Jeff Weikert as president, as the technology company adds new services designed to make smaller financial institutions more competitive with alternative startups.

Florida Attorney General Pam Bondi’s office has sued Consumer Collection Advocates Corp. and Michael Robert Ettus, principal, for allegedly targeting consumers who were victims of previous frauds or scams.

Brick-and-mortar retailers are chasing a missing link for sales and marketing—the deep customer data that e-commerce merchants easily obtain through online orders and shipping information.

Payments are proving to be an enticing use case for wearable computing, drawing the attention of companies as varied as amusement parks, banks and phone manufacturers.

Debt buyer Encore Capital Group Inc. reported Thursday that total revenues in the third quarter ended Sept. 30 increased 16% to a record $273.3 million, compared to $235.6 million in the year-ago period.

Every day, debt collectors deal with people who have found themselves in tough and sensitive financial situations.

Merchants are enticed by the lure of the huge e-commerce market in China, enough to give a number of early client wins to Alipay's U.S. merchant acquisition effort.

Three Colorado law firms accused of inflating foreclosure costs charged to homeowners and padding bills with unauthorized expenses agreed Thursday to settle lawsuits filed by outgoing Colorado Attorney General John Suthers.

A Minnesota process serving company and one of its process servers are charged with falsely claiming some people were served with debt collection lawsuits, according to a lawsuit filed Thursday by Minnesota Attorney General Lori Swanson.

The much-anticipated launch of Apple's mobile wallet was followed by a series of minor disasters for the fledgling payment system. Apple must overcome all of these obstacles if Apple Pay is to succeed.