Merchant

The next big idea for payments is ready to spring to life, and MasterCard wants to be there when it happens.

As EMV-chip card use spreads at the point of sale in the U.S., online merchants will have to change the way they handle payments online.

Mobile transaction technology provider C-Sam has hired former Citigroup executive Kurt Weiss as managing director of global financial institutions and mPayy founder Conrad Sheehan to be general manager of strategic initiatives.

Merchant payment and marketing company Punchey has hired Michael Sattler to be vice president of engineering and Rick Graham as director of demand generation.

The Federal Trade Commission told a U.S. Senate Commerce Subcommittee that it has been fighting the problem of illegal commercial robocalls through enforcement of the requirements of the Do Not Call program while seeking to spur technological solutions to block unlawful telemarketing calls.

The mobile bank account provider Simple will soon offer Braintree's mobile payment system, Venmo Touch, to its users.

BBVA Ventures, the corporate venture arm of BBVA Group, is investing in SumUp, a company that enables mobile devices to accept card payments.

Expert Global Solutions (EGS) and its subsidiaries have agreed to pay a $3.2 million civil penalty – the largest ever obtained by the Federal Trade Commission against a third-party collector.

Consumer borrowing rose higher than expected in May as Americans charged away on their credit cards, according to the Federal Reserve's G.19 report released Monday.

Equifax announced Monday that is acquired TrustedID, a Palo Alto, Calif.-based specialist in identity protection.