Merchant

Does the following thought process sound familiar? “The faster I can install this new point of sale (POS) system for this merchant, the better.” With POS systems, faster isn’t always better.

While year-to-date auto loan growth rates have slowed compared to last year, totals for new credit and the number of new loans originated for auto purchases are at record highest, according to a new report.

Square has launched a feature called "Nearby Payments" to Square Cash for iOS 8, allowing users to send money through Bluetooth Low Energy (BLE).

A sweepstakes operator that took millions of dollars from consumers throughout the U.S. and dozens of other countries - including Canada, the United Kingdom, France and Japan - is banned from the prize promotion business under a settlement with the Federal Trade Commission.

The gradual improvement in Americans' financial situations has led to a record low level of delinquency rates.

The order is part of a settlement with the company's owner in an unrelated fraudulent payment processing case.

Chase is working with Apple to vet potential developers and merchants after more than 500 people attended and responded to Chase's two live webinars about its three Apple Pay developer labs in Columbus, Ohio, Tampa, Fla., and San Francisco, Calif.

Mobile payment provider Powa is partnering with DataCap Systems to shorten the time it takes merchants to deploy mobile point of sale applications, a move the companies hope will provide differentiation in a crowded marketplace.

Providers of rapidly changing payments products such as prepaid cards, automated payments and dispute resolution are continuing to turn to independent sales organizations to reach targeted merchants.

In Australia, more than 2 million people, or 13% of the estimated 16 million in the country who are using credit, are at risk of credit default.