Merchant

Billing outsourcer BillTrust has developed new invoice technology that uses streamlined processing and dispute resolution to boost businesses payments automation, a segment that has traditionally lagged consumer payments in reducing paper processing.

Clinkle, the payments startup that's generated financial backing from Silicon Valley investors and rampant speculation about its technology model, has hired a pair of Web technology veterans as it ramps up for a launch next year.

Louisiana's new Office of Debt Recovery will open in January and have the authority to revoke licenses from consumers, seize bank accounts and take tax refunds to pay down delinquent accounts.

Airtag has added PayPal as a payment option for consumers using the KFC Fast Track mobile wallet to order and purchase food in advance at the fast food chain's U.K. restaurants.

Electronic payments provider ACI Worldwide named two new executives to its leadership team and is also establishing a new South America headquarters in Sao Paolo, Brazil.

Equifax Inc. released a statement after delivering a letter to the U.S. Senate Committee on Banking, Housing, and Urban Affairs, outlining a free-market exchange alternative to the Credit Access and Inclusion Act.

Overall U.S. foreclosure activity is down 23% year-to-date through October, but foreclosure activity on homes in the $5 million-plus value range is up 61% from the same time period in 2012, according to RealtyTrac.

With a goal of speeding up delivery of Near Field Communication-enabled handsets, China Mobile Limited has purchased EMV chip-card testing capabilities from Fime, as well as received a license to begin operating a new, fourth-generation wireless network.

Coinplug, a startup Bitcoin merchant services and trading platform being developed for the Korean market, has received $400,000 in funding from Cupertino, Calif.-based Silverblue Inc.

Mobile technology builder C-Sam has created a version of its mobile app development platform that's preconfigured with MasterPass specifications for financial institutions and processors to more easily build custom versions of MasterCard's digital wallet.