Merchant

The Account Control Technology Foundation, a non-profit, charitable foundation established by the founders of Account Control Technology Inc., has announced the 50 winners of its college scholarships for 2014.

A community-banking organization on Wednesday told a House Agriculture Committee subcommittee that credit is plentiful for America’s farmers and ranchers and is being provided at rates near historically low levels.

While 96% of parents still see the value of a college education, 85% are very or somewhat worried that student loan debt will affect their child’s ability to buy a home, car or other large purchase after college.

NEW YORK - Attorney General Eric T. Schneiderman's office on Thursday announced the arrest of Sonia Vertucci, 42, of New Rochelle, N.Y., for falsely promising a range of services to predominately immigrant clients and collecting more than $38,000 in cash payments.

SCVNGR's LevelUp, which is not content to listen only to its merchant clients, is once again giving consumers a voice in evaluating its mobile payments experience.

A Houston collection agency and its president and sole shareholder agreed to a federal court order and $4 million penalty for bullying consumers into paying debts and unnecessary fees.

Jusp is adapting its business model to target larger clients for mobile payments. It added a service called Payments List that attaches to a business's back end, and it also allows the mobile point of sale service to work with Windows PCs.

Massena (N.Y.) Memorial Hospital board of managers approved a plan to write off more than $630,000 in bad debt for April and May.

More than 60 bills that would impact the credit and collection industry were introduced in the past six months and considered during the New York Legislature’s 2014 session that recessed last Friday.

The scams involving home-based businesses included offering payment processing services, credit card terminals and merchant cash advances to small businesses.