Merchant

A federal court has imposed a $26.9 million judgment against the operator of a work-at-home scheme who lied about his financial assets in an effort to hide them from the Federal Trade Commission when he agreed to a settlement with the agency in 2010.

Capital One and three collection agencies will pay $75 million to settle Telephone Consumer Protection Act class-action claims. It's the largest cash settlement in the TCPA's history.

First Data Corp. has agreed to buy Gyft Inc., which sells digital gift cards, in a move to advance the Atlanta-based processor's mobile payment offerings.

Heartland Payment Systems plans to bolster its existing services to college campuses by acquiring TouchNet Information Systems Inc. for $375 million.

Square plans to offer a version of its mobile card reader that can read EMV-chip cards, but the added security may come at a cost.

A federal court has shut down a mobile phone cramming scheme that piled more than $100 million in charges on consumers’ mobile phone bills without permission.

Lindorff Espana, part of Oslo, Norway-based collections and credit giant Lindorff, has purchased the debt recovery unit of Spain's Banco Sabadell for $218 million, the companies announced this week.

The Justice Department's legal case against American Express will not benefit consumers and will weaken competition, said Jeff Campbell, executive vice president and CFO of American Express.

Federal and state regulators have obtained $92 million in debt relief from Colfax Capital Corp. and Culver Capital LLC, collectively known as Rome Finance, for service members and others harmed by a predatory lending scheme.

Several scams - including one involving debt collecting - are circulating in Pennsylvania.