Merchant

With the reduction in payday loans, prompted by a 2009 law, comes a drop in payday loan stores.

Payoneer, a cross-border payment provider, is exceeding its 40% predicted growth rate with nearly 100,000 applications coming in every month.

Square, which built its business on the simplicity of its plug-in payment device, is piling on services that should make banks and other companies take notice.

Telephone Consumer Protection Act lawsuits in April overtook Fair Credit Reporting Act legislation as the number two largest category behind Fair Debt Collection Practices Act cases.

Philadelphia collected more than $45 million in back property taxes during the first four months of the year and cut the number of tax delinquent properties by an estimated 30,000, 25% down from the previous year, records show.

Square has launched Square Capital, a credit program for small business, joining a growing number of companies breaking into small-business lending.

SumUp's plan to create an end-to-end mobile payment system without reliance on third parties became a reality this week with the rollout of a chip-and-PIN mobile card reader and terminal system.

VeriFone and iPayment are partnering on a tablet-based point of sale system to provide small-business owners the types of services more commonly used by larger businesses.

The FTC wants Congress to consider legislation to make data broker practices more visible to consumers and to give consumers greater control over their information.

The House Financial Services Committee passed three bills last week that could make mortgage lending a little easier.