Merchant

A new red Square mobile card reader is available to merchants who want to encourage donations to the Global Fund to fight AIDS.

Twelve defendants that allegedly operated Web sites enticing consumers with bogus offers of "free $1,000 gift cards" for major retailers have agreed to pay $2.5 million in settlements with the Federal Trade Commission.

The credit card delinquency rate (the ratio of borrowers 90 days or more delinquent on their general purpose credit cards) dropped on a yearly basis from 1.61 percent in Q4 2012 to 1.48 percent in Q4 2013.

Mobile point of sale devices typically clip onto phones to allow the handsets to read card payments, but this approach is not the only option.

A South Dakota lawmaker has proposed a bill he hopes the state's legislature will pass to put restrictions on short-term payday loans.

At first, Pedro Alarcon felt reluctant to help fund his restaurant by signing up for a merchant cash advance from a company that wasn't a bank. But he'd had so much difficulty getting a conventional loan that the pitch from a company called AdvanceMe sounded too good to be true.

Former Groupon product chief Jeff Holden has joined transportation services provider Uber as chief product officer, Uber announced on Feb. 14.

A Maine bill to thwart predatory online lenders is moving to the full state legislature with the unanimous support of the state's Insurance and Financial Services Committee.

Square's plans to install payments technology in Whole Foods stores will not hurt the processor Vantiv, CEO Charles Drucker contends.

Oregon lawmakers held a public hearing Wednesday on a bill that would prevent the state's Department of Revenue from hiring private collection agencies to help collect unpaid state taxes.