Merchant

The payment processor Vantiv has agreed to buy Mercury Payment Systems LLC for $1.65 billion to expand its services for cloud-based payments integrated into other technology, says Vantiv president and CEO Charles Drucker.

Apple will be ready to accept Near Field Communication payments from phones in its stores, even though none of its consumer devices support NFC out of the box.

Millennials know less about credit scores than other adult age groups, including which businesses use the scores and who collects information on which the scores are based, according to a new survey.

Sallie Mae's former loan-servicing business, spun off last week into an independent company called Navient, expects to pay up to $170 million to settle two federal investigations.

Square has removed its cloud-based Wallet app from the Apple iTunes and Google Play stores, apparently to make room for a new app called Square Order.

As more merchants demand mobile technology to accept payments in their stores, vendors like Total System Services must diversify their offerings.

Swedish mobile payment company iZettle has raised $55 million (€40 million) in Series C funding to expand its operations.

Contactless payment cards may never have had strong footing in the U.S. to begin with, but perhaps the biggest sign of the technology's downfall is JPMorgan Chase's admission that its Blink cards never quite caught on.

The San Diego-based debt buyer has actively acquired several international business in the past year.

The Consumer Financial Protection Bureau released a snapshot report reviewing mortgage debt challenges faced by older Americans.