Merchant

Global Payments Inc. has completed its $420 million purchase of Payment Processing Inc., a provider of payments technology and services for smaller merchants.

The Federal Trade Commission on Wednesday published its annual summary of collection enforcement activities, stating in has brought or resolved nine collection cases in the past year.

President Obama sent Congress a $3.9 trillion budget for 2015 that includes increased spending for employment and education - and language giving the Treasury Department the ability to call delinquent consumers on their cell phones using autodialers.

U.S. consumers spent an average of $87 per day last month, a strong rebound from $78 in January, which had been the lowest estimate in 14 months, according to Gallup.

New Media Insight Group and Loop are promoting different types of mobile payment technology designed to avoid interoperability issues with current payment terminals.

Citadel EFT, a credit card processing firm, announced March 4 that it is exploring ways to allow state-licensed marijuana businesses to accept electronic payments from their customers.

The former owner of a Minnesota collection agency pleaded guilty Monday in Minnesota district court to one felony count each of theft and theft by swindle, according to the Dakota County (Minn.) Attorney's Office.

Borrowers are taking on higher credit balances after dropping more than $1.5 trillion in mortgage debt since the financial crisis, according to a report from Equifax.

A group of marketers agreed to settle Federal Trade Commission charges that they took part in a scheme that bombarded consumers with tens of millions of spam text messages that lured consumers with phony gift card offers, and then directed recipients to deceptive websites.

The Consumer Financial Protection Bureau is calling on the largest U.S. credit card companies to make credit scores and other related content freely available to customers.