Technology

Consumers have filed 7,923 lawsuits against collection agencies and creditors this year through Aug. 15, a record-setting pace that easily tops the 7,169 lawsuits filed through the same period last year.

The average U.S. bankcard charge-off rate dropped sharply in June, registering the second-largest monthly decline since the Bankruptcy Reform Act took effect in 2005, according to the latest data from Fitch Ratings Inc.

A prepaid card breach disclosed in May was accomplished by hackers who turned off the withdrawal limits on multiple card accounts, according to a new report.

Steve Jobs' resignation raises further uncertainty over Apple Inc.'s payment plan intentions, but Apple patents themselves provide some clues as to where the company may be going.

Despite increasing activity involving mobile payments, consumers still trust credit card companies more than companies such as Google Inc., eBay Inc. or Facebook Inc.

TransFirst LLC, a company specializing in services that bridge the gap between ISOs and processors, is purchasing an ISO that has been a longtime client.

Boku Inc. has inked an agreement with two French wireless phone carriers to offer its carrier-billing service, a deal which will extend Boku’s reach to 32 million customers in France.

ACI Worldwide Inc. tossed the ball back into S1 Corp.'s court on Thursday as the two companies continue to squabble over competing acquisition proposals.

A new mobile credit card reader to be offered in the United States by a European startup will accept magnetic stripe cards for payment, but the company is not concerned the U.S. move to EMV cards will affect merchant interest in the device.

Visa Inc.’s announcement that it expects old, static PINs to eventually be “eliminated entirely” in favor of dynamic authentication is facing resistance–in particular because many are not convinced that the PIN is past its prime.