Merchant

To improve the chances that consumers will value a particular issuer's card out of the many in their wallets, that issuer must use all of the data at its disposal to make the card experience personal, bankers say.

Facebook knows that if it misuses consumer data, it will scare its users off. But the social network also knows that by keeping consumers aware of what it is doing and giving them a chance to opt out, it can fundamentally change the way advertisers such as card issuers do business.

PayPal and the mobile technology provider QikServe are working to enable U.K. hospitality businesses to accept orders and payments through the PayPal smartphone app.

Mobile imaging is vital to Green Dot's GoBank account, which relies on the mobile device for nearly all customer interaction.

Complaints filed against debt collectors with the Consumer Financial Protection Bureau have increased, or held steady, in all but one month since the bureau began accepting them last July, according to an analysis.

Legislation introduced in the Senate to amend the Fair Credit Reporting Act is designed to protect consumers from inaccurate credit reports and credit scores.

Global payments processor 2Checkout has closed on the final tranche of a $60 million investment that it will use to fuel its move into international markets.

Louisiana legislators Wednesday advanced a proposal to limit the number of payday loans a borrower can take out each year, a concession of sorts after a stronger measure failed.

Most financial institutions and issuers of debit and credit cards, as well as merchant branded private label payment schemes, miss three key areas of due diligence in their return on investment (ROI) analysis of card-linked offers (CLO) programs: Incremental merchant results (Performance), Consumer offer targeting (Relevancy) and Merchant offers (Content).

Talking to consumers about the impact of their borrowing and payment decisions on their credit reports and credit scores is a critical part of helping them make solid financial decisions. But legal restrictions may ultimately deter companies from engaging in those types of discussions.