Merchant

Mozido LLC is providing a Coca-Cola bottler in Mexico with a mobile payment system for storeowners to use to pay for deliveries of soft drinks.

Debt buyer Portfolio Recovery Associates Inc. reported third quarter financial results that included record revenues of $197.8 million, up 31% from the year-ago period.

United Credit Recovery LLC, a Florida-based financial firm, allegedly attempted to collect overdue debts from consumers by creating phony legal documents that included cut-and-paste bank logos, according to a lawsuit filed by Minnesota Attorney General Lori Swanson's office.

Starbucks CEO Howard Schultz has stepped down from Square Inc.’s board, to be replaced by former Goldman Sachs CFO David Viniar.

Signature Card Services is bringing a dose of e-commerce to the U.S. migration to EMV-chip cards.

Payday loans cost U.S. families an estimated $3.4 billion in fees annually, according to the Center for Responsible Lending.

While many retailers start year-end holiday promotions in September, or earlier, a TransUnion study found most consumers wait until later in the year to make the bulk of their holiday season credit card purchases.

Heartland Payment Systems is making investments in tablet technology to attract merchant clients while combatting mobile payments startups.

The Merchant Customer Exchange has signed many of the biggest names in retail, but it has yet to release its mobile wallet — and it asks merchants not to act hastily as they see other options clutter the market.

Square Inc. has added American Express and JCB credit card acceptance in Canada, expanding its payment options a year after launching in the country.