Merchant

The new normal in consumer statute lawsuit numbers appears to be an increase in Telephone Consumer Protection Act (TCPA) filings and a decrease in both Fair Debt Collection Practices Act (FDCPA) cases and Fair Credit Reporting Act (FCRA) filings, according to Grand Rapids, Mich.-based data firm WebRecon LLC.

If independent sales organizations aren't willing to shift their business models in the coming years, they'll go extinct in a payments industry bustling with aggressive, agile startups that skip the middleman and go directly to the merchant.

Mobile point of sale processor payworks and European hospitality technology provider Orderman are designing mobile terminals for chip-and-PIN cards.

PayPal's plans to extend its payments business inside of stores includes technology that attempts to reduce the need for customers to wait in line at the cash register.

Revel is offering PayPal’s mobile payment capabilities as an integrated service within the Revel point of sale system.

VeriFone Systems and National Payment Card Association (NPCA) have launched a payments and rewards product that supports mobile payments at gas stations.

Gun sellers, medical marijuana shops, pornography sites, bitcoin exchanges and mug-shot galleries share a common stigma — many payments companies refuse to do business with them, whether or not they run afoul of the law.

October can be a frightening month, and not just because of Halloween. In two years, the October deadline for EMV card acceptance will hit, leaving most merchants on the hook for fraud if they have not begun accepting smart-chip cards.

Heartland Payment Systems and Tabbedout are developing an integrated mobile payment system for restaurants and bars.

As if rising mortgage rates aren’t scary enough, some analysts are pointing to a lurking threat to housing: “vampire” properties.