Merchant

Payments processor Cardis USA and mobile commerce vendor Spindle are joining with vending machine manufacturer Multi-max to enable mobile payments at its machines, where most consumers still buy coffee with cash.

With growing numbers of health care professionals urging patients to use medical credit card to pay for treatments not covered by insurance plans, New York Attorney General Eric T. Schneiderman issued a consumer alert Thursday on the risks linked to health care financing.

The West Virginia Supreme Court has overturned a $75,000 verdict against collection firm Green Tree Servicing, ruling that Circuit Court Judge Robert Burnside should have sent the lawsuit to arbitration.

New regulations under consideration by the Financial Conduct Authority (FCA) in the United Kingdom will drive up collection costs and hurt collection rates, according to an early finding from a study being released next month by FICO.

NCR Corp. has updated its NCR Silver point of sale system for iPad, adding features that allow a small business to grow including support for multiple locations.

Square has eliminated holds and deposit limits for manually entered transactions in the U.S., and is marketing these changes to frustrated PayPal users.

Average non-mortgage debt in Canada is rising at a relatively modest rate, according to a study by TransUnion. Low delinquency rates indicate that Canadians so far have been able to handle the increase.

The mortgage delinquency rate (the rate of borrowers 60 days or more delinquent on their mortgage) dropped 23.3% in the past year, ending Q3 2013 at 4.09%, according to TransUnion.

SaaS-based technology provides a blended approach to remittance processing that enables financial institutions to outsource infrastructure responsibilities, while retaining the management of transaction processing, bank deposits and receivable updates.

Big players are entering the merchant cash advance business and the industry's smaller players are maturing. Meanwhile, the market is growing with the help of automated clearinghouse transactions.