Merchant

Terms of a settlement between Apple Inc. and the Federal Trade Commission require Apple to provide full refunds to consumers, paying a minimum of $32.5 million, to settle charges that it billed consumers for millions of dollars of charges incurred by children in kids’ mobile apps without their parents’ consent.

The EMV Migration Forum has recruited a test group of merchants, retailers and issuers to begin handling EMV-chip cards in Orlando, Fla., early to spot and fix problems before the card networks' deadline of October 2015.

The biggest takeaway from a roundtable discussion PayPal hosted at its New York offices this week: Size matters.

Microsoft has made a series of recent partnerships with payments companies such as AnywhereCommerce, Vantiv and FreedomPay.

The South Florida-based defendants in an alleged mortgage relief scam will surrender their assets and be banned permanently from providing mortgage relief and debt relief to consumers under a settlement with the Federal Trade Commission.

A Worcester, Mass. resident has notified the Better Business Bureau of Central New England about an unsolicited phone call involving a caller claiming to be from the FBI.

Square Inc., the payments startup co-founded by Twitter Inc. Chairman Jack Dorsey, has authorized a tender offer of 1 million shares at $135.28 each, valuing the closely held company at $5 billion, people with knowledge of the matter said.

Walgreen Co. plans to expand the payments features of its combined loyalty and prepaid MasterCard, Balance Financial, with the goal of making it the preferred financial product of its underbanked customers.

Toshiba's new entry into the crowded retail mobile payments market is a tablet that can quickly morph back and forth between mobile and more conventional payment methods.

Platforms that serve as a gateway between retailers' existing systems and new mobile technologies can simplify the process of adding new mobile-based capabilities, including payments.