Merchant

Yapital Financial AG in Luxembourg is integrating its cross-channel payment system into the platforms of VeriFone Systems and the Ingenico Group.

Rep. Maxine Waters, D-Calif., plans to introduce the Fair Credit Reporting Improvement Act of 2014 on Wednesday, a measure to overhaul the 44-year-old law governing how lenders report consumer payments to credit bureaus.

Auto loan delinquency rates rose more than 9% in the second quarter ended June 30 versus the same period last year while auto loan debts rose for the 13th straight quarter, according to TransUnion.

Louisiana payday loan industry officials have created the Louisiana Payday Loan Association to help inform consumers and legislators about the accomplishments and goals of the industry.

The rising student loan debt is inconsistent with trends for other U.S. consumer debt categories, according to analysis by Experian.

TransFirst Inc. has drawn interest from potential buyers including CVC Capital Partners Ltd. and Total System Services Inc., or TSYS, people familiar with the matter said.

Most ISOs don’t promote automated clearinghouse (ACH) payments to their merchants. In fact, if you asked a random salesperson in the payments industry to explain what an ACH payment is and how it works, you would most likely get an incorrect answer.

The Federal Reserve Board and the Consumer Financial Protection Bureau on Tuesday announced increases in the dollar thresholds in Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing) for exempt consumer credit and lease transactions.

Three former executives of a lucrative payday loan operation owned by Montana's Chippewa Cree Tribe received secret payments through a management company, a new lawsuit claims.

A Wednesday hearing by a House Financial Services Subcommittee will examine whether medical debt should be considered part of the credit scoring and reporting system.