Merchant

Federal student loan defaults fell for the first time in several years but stayed far above levels reported before the recession, and there are questions about how the rates are calculated.

Arrow Global Group, a UK-based buyer of delinquent debt from credit card companies and banks, will acquire rival Capquest from a private equity fund for $258 million.

Ingenico Group is leveraging its experience in EMV-chip terminal upgrades and new momentum from Apple Pay to better position itself for the U.S. conversion to smart-card technology.

A U.S. appellate court on Wednesday upheld a district court ruling that several defendants operated a scheme selling phony debt relief programs and mortgage assistance.

Spire Payments will supply Indian Overseas Bank with more than 7,500 mobile point of sale devices in its mPOS deployment in the Chennai region of India.

The powerful, well-tuned U.S. economy is picking up speed rapidly, with much of the power under our hood yet to be fully engaged, according to the latest report on small business credit trends from Experian and Moody's Analytics. The road to a full recovery, however, remains long.

More than half of B2B receivables 90 days or more overdue were written off in the U.S., Canada, Mexico and Brazil, according to a survey.

Revel Systems' deal with the New Orleans-based Smoothie King franchise will be the largest deployment to date of its iPad point of sale software.

MasterCard has launched Pay with Rewards, a mobile app that allows MasterCard credit card holders to use their reward points for purchases by swiping their card at the point of sale.

A debt collection operation that used fake names and threatened consumers into paying debts they often did not owe can no longer perform any collection work under a settlement with the Federal Trade Commission.