Merchant

Wearable payments will be one of the ways bank customers do transactions in the future.

The next decade could be the most transformational period the financial services industry has ever seen, and new payments technology such as digital wallets can help institutions compete in the years ahead, says American Express' Dan Schulman.

Square's new Order app allows consumers to order and pay at Square merchants before arriving at a merchant's store. The process for ordering is different for each merchant, based on the level of information they provide to Square.

VeriFone's second quarter revenue increases signal the company is heading in the direction CEO Paul Galant envisioned when becoming the head of the terminal maker in October 2013.

A report on foreclosures in Los Angeles indicates penalties folded into a foreclosure registry program established in 2010, a program intended to scare property owners into maintaining houses, were never collected.

The Federal Reserve's April report on consumer borrowing, to be released late in the day Friday, is expected to show borrowing rose by $15.6 billion in April.

San Francisco-based tea blending company T-We Tea's revenue grew 300% after switching to Vend's cloud-based iPad point of sale system from Square Register.

LevelUp has updated its mobile payment app with a feature that empowers consumers to immediately notify the company of problems they experience with its mobile payment app.

Bank of America Merchant Services has launched a new operation in Canada.

Heritage Global Inc. has acquired National Loan Exchange Inc. (NLEX), the largest volume broker of charged-off receivables in the U.S. and Canada.