Merchant

NFC mobile wallets had been disregarded by some in the industry as a viable mobile payment option, but they got a boost with the arrival of a technology that will enable the card data to be stored remotely instead of within a phone. This slight change makes NFC mobile wallets increasingly more attractive as it eliminates one of its biggest stumbling blocks to adoption.

But the analysis of housing markets in 410 counties found that only 8 percent are better off than they were eight years ago.

The Detroit Water and Sewerage Department is mounting a campaign to shut off service to as many as 3,000 delinquent customers each week after reporting that more than half of the city's customers are 60 days-plus late on payments.

ACA International late Thursday said the Consumer Financial Protection Bureau’s report on debt collection complaints misses several key points.

The Consumer Financial Protection Bureau released a report Thursday on collection enforcement actions it took in 2013 and discussing the 30,000 consumer complaints it has received about collections since it began accepting them last July.

LoanPoint USA has agreed to forgive hundreds of thousands of dollars in debt in a Montana class-action lawsuit settlement.

Cabot Credit Management, a United Kingdom and Ireland-based debt buyer, posted a 13 percent jump in revenue for 2013, attributing much of the growth to purchasing semi-performing portfolios that tend to have a "longer annuity stream" for collections.

A U.S. district judge ruled that the Federal Trade Commission has the authority under the FTC Act to regulate the arms of American Indian tribes, their employees and their contractors.

Payleven is launching a new chip and PIN card reader that's capable of accepting Near Field Communication contactless payments, with the aim of cutting costs for European merchants.

The recent security breaches at Nieman Marcus and Target remind us in the payments industry that as criminal efforts to steal cardholder data become more sophisticated, so must the methods we use to prevent these crimes.