Technology

Acquirers could find themselves looking a lot like marketing firms in the near future.

The likes of Apple and Amazon are becoming bigger threats to incumbent payments companies, but MasterCard CEO Ajay Banga says his company views these players as potential allies.

A professor is suing the payments company Square over charges that he was shut out of the startup he says he helped create.

The economy likely grew at a 3.2 percent annualized rate in the fourth quarter as U.S. consumer spending climbed the most in three years, according to the median forecast of 87 economists surveyed by Bloomberg.

The Consumer Financial Protection Bureau on Wednesday initiated an administrative proceeding against PHH Corp. and its affiliates, alleging PHH harmed consumers through a mortgage insurance kickback scheme that started as early as 1995.

Acquirers and independent sales organizations can generate more revenue by closely studying what security levels their merchants need, according to a new survey.

Payline Data wants to add smaller businesses to its roster of merchant services clients, and figures "no swipe" mobile payments is good way to get in the door.

Online payment provider Acculynk is offering online merchants a real-time service to make payments directly to the debit card account of small businesses or individuals.

The recent spate of retailer data breaches demonstrates the need to embrace security methods such as EMV-chip cards and tokenization to protect transactions, Visa CEO Charlie Scharf told investors on Jan. 30.

Merchants can't pass the blame for data breaches onto financial institutions because protecting consumers is a shared responsibility where both sides have to meet their responsibilities.