-
Preparing for a Payment Card Industry (PCI) compliance assessment is a major task for any size organization.
March 12
Brightline -
A New Jersey appeals court ruled that debt buyers do not have to provide notice to consumers when debts are purchased and assigned but must prove they own the debt and the amount before they can collect. Further, electronic business records are sufficient for proof.
March 11 -
A class action lawsuit filed against student loan collection company, the National Collegiate Student Loan Trust, and the Law Offices of Patenaude & Felix APC, alleges that they used deceptive practices to collect student loan debts in California.
March 11 -
McDonald's customers throughout Sweden can now pay for their meals with their phone using Seamless' QR code-based mobile wallet, SEQR, from within the McDonald's app.
March 10 -
Service members, veterans and their families who filed complaints about financial products or services have recovered more than $1 million, the Consumer Financial Protection Bureau announced.
March 10 -
NCO Financial Systems, a collection agency arm of Horsham, Pa.-based NCO Group, plans to lay off 107 workers at its Virginia Beach, Va. call center, according to a notice filed with the Virginia Employment Commission.
March 10 -
First Data Corp. has appointed Frank Bisignano as the Atlanta-based company's chairman, adding to his role as chief executive officer.
March 10 -
The settlement of the Visa and MasterCard class action interchange swipe fee case has spawned a new type of companythe third-party claims filing company.
March 10
-
The Consumer Financial Protection Bureau issued a formal notice that it will mail surveys to consumers to learn about their experiences with debt collectors. Specifically, the survey will ask whether consumers have been contacted by collectors and whether they recognized the debt being collected.
March 8 -
Beacons, or Bluetooth Low Energy transmitters, are seeing a burst in popularity as components of mobile payment systems. The devices, which can be roughly the size and shape of a nightlight, allow retailers to detect a mobile app user's presence in the store.
March 7
