Merchant

Two Ohio tax service store managers have been indicted on federal fraud charges related to tax returns they prepared in 2011. The tax and loan scheme cost the government more than $250,000.

A federal court has halted a scheme involving a non-existent money-lending service that allegedly conned more than $6 million from U.S. and Canadian consumers.

PayPal's $800 million deal to buy the payments processor Braintree fuels a fast-paced acquisition streak that has granted PayPal some of most disruptive technology — and people — in the payments industry.

PayPal’s parent company eBay has entered into an agreement to buy online payment processor Braintree for $800 million in cash, a deal that’s expected to close in the fourth quarter pending regulatory approvals.

Square Inc. sent a notice to customers today warning that updating their iPhones and iPads to the latest version of the iOS operating system could prevent Square’s card reader from working properly.

As the U.S. payments industry advances in its migration to EMV-chip cards, some merchants perceive the EMV push as "a giant head-fake" to establish a foundation for mobile payments based on Near Field Communication technology.

Merchants that use Square will be able to use it with Intuit's QuickBooks accounting software, as Intuit adds support for the mobile card reader in the newest version of its program, according to multiple reports.

MasterCard is working on new mobile payments functions that give shoppers the choice between Near Field Communication chips and QR codes — two mobile payments methods that have competed in the market and are typically treated as mutually exclusive.

A Glendale, Calif.-based owner of two collection agencies will pay $1 million to settle Federal Trade Commission charges that his employees used text messages to try collecting debts - without disclosing they were debt collectors.

Former VeriFone CEO Douglas Bergeron has partnered with private equity shop GTCR to form Opus Global Holdings, a company that will pursue acquisitions in the financial technology and payments sector.