Technology

ATM and branch locator apps can serve a valuable purpose for consumers seeking cash in unfamiliar territory, but there are many hurdles to keeping their data current and the machines properly branded.

Consumers in December filed 1,254 complaints with the Consumer Financial Protection Bureau against a total of 383 debt collectors. The status of the complaints include 1,246 with timely responses.

Monitise PLC has boosted its Mobile Money service throughout Europe and the Middle East with the acquisition of a Turkish mobile technology company.

Five years ago, Starbucks was primarily a coffee company. Today, it's a pioneer in mobile payments technology with a significant portion of its U.S. transactions made using its smartphone app. And according to the company's CEO, this is only the beginning.

Clinkle, the well-funded mobile payments startup staffed by former executives of PayPal, Netflix and other e-commerce companies, appears to have had data leaked from its person-to-person payments app, exposing personal information and photos of some of the company's employees.

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.