Merchant

U.S. Bancorp will repay customers $3.2 million to resolve Consumer Financial Protection Bureau claims that it misled military-service members who took part in an auto lending program.

Card processor and merchant acquirer Clearent is working with Reward4Schools to help the Missouri-based community rewards provider reach a national audience.

Mounting medical bills are expected to push 1.7 million U.S. households into bankruptcy this year - making health expenses the largest cause of such filings.

Square Inc. has ended its gift card service, according to a report from Reuters, about half a year after launching the program.

Birch Coffee has used Square's mobile card reader for its delivery service for about two years, and was one of the first to switch to the new Square Market e-commerce site ahead its launch.

CCBill has developed a portal to help merchants analyze data produced by payments to spot purchasing patterns and other trends that can tie past transactions to future business strategy.

It's been an eventful year so far in the payments industry. Exciting new technologies, dramatic executive turnover and ongoing courtroom drama have defined 2013's first six months.

Mortgage Investors Corp., one of the nation’s largest refinancers of veterans’ home loans, will pay $7.5 million to settle allegations it targeted veterans. It's the largest fine the FTC has ever collected for violating Do Not Call provisions of the agency’s Telemarketing Sales Rule.

Square Inc. has hired Gokul Rajaram to head software development for the Square Register app as the company's Product Engineering Lead.

Merchants are expressing concern about the U.S. transition to EMV-chip payment cards because of what they view as technical challenges and industry politics.