Merchant

Apple Pay was supposed to deliver a victory blow for Near Field Communication payments, but its launch seems to be doing as much damage as good for the cause of NFC.

Poynt Co., a startup headed by former Google and PayPal executive Osama Bedier, is looking to take advantage of the EMV hardware upgrade schedule to entice merchants to switch to its new app-based payment terminal.

The Office of the Comptroller of the Currency on Tuesday cleared up a key part of a recent bulletin issued on consumer debt sale arrangements between third parties.

A federal court complaint against AT&T Mobility LLC charges that the company misled millions of its smartphone customers by charging them for unlimited data plans while reducing their data speeds, in some cases by nearly 90%.

Total System Services is close to beginning tests of new products and merchant services, and is already seeing a benefit from last week's launch of Apple Pay. But in prepaid, a significant business for the processor, TSYS is still awaiting new rules from the government.

The Consumer Financial Protection Bureau issued a report Tuesday highlighting illegal actions uncovered from supervising the student loan servicing market.

Americans pay three times more in medical debt to collection agencies than they pay for credit card and bank debt combined, according to a study by NerdWallet Health.

Overall, U.S. residential properties - including single-family homes, condominiums and townhouses - sold at an estimated annual pace of 4.4 million in September.

A company that sold credit and debit card payment processing services has agreed to settle Federal Trade Commission charges that it used deception and unsubstantiated claims.

Retail ATM operator Cardtronics Inc. is testing a system that takes location-based offers, which are typically linked to a card account or a mobile app, and makes them available to consumers who may prefer to pay with cash.