Merchant

Gyft, a provider of virtual gift cards, plans to launch Gyft Cloud, a marketplace for merchants to sell their own digital gift cards with Clover Station, a tablet-based point of sale system developed by First Data Corp.

Powa is launching a bundled mobile point of sale offering, called PowaPOS, which U.S. merchants can use to accept EMV-chip cards.

A large U.S.-based public debt buyer announced Monday it raised its credit facility to prepare for one of the largest acquisitions in accounts receivable management industry history.

Kaulkin Ginsberg announces that its spring semester research fellows program, in conjunction with the University of Maryland, College Park’s Department of Economics undergraduate studies program, is underway.

Debt buyer Portfolio Recovery Associates UK expects future growth will create up to 400 jobs in the next three years, adding to its current 300 employees at the company's office in Kilmarnock, Scotland.

Consumers cut back on their credit card use for the second straight month in February but increased borrowing on student loans and auto loans by the largest amount in a year.

CardFlight, a mobile payments hardware and software developer, has introduced a mobile point of sale device with an emphasis on branding.

There is much discussion around the demise of cash and quite rightly so. These are exciting times for the financial industry with substantial growth in payment innovation. Respondents to numerous surveys claim that they will use their mobile phone, contactless card and other alternative payments in the future and that they currently mostly pay for everything on card and over the Internet.

Legislation in Louisiana aimed at making payday loans cheaper for borrowers failed Monday in a House committee.

The merchants who want to use Leaf's tablet for payments, called LeafPresenter, often also need transaction services. Through the launch of its online marketplace, Leaf will now be ready to offer information from a host of merchant acquirers.