Retail & Commercial

The central bank has brought back a process scrapped in the late 1990s, where it will review preliminary merger plans of untested buyers pursuing unusual deals.

Out-of-work Ohio residents whose unemployment payments are loaded onto prepaid cards will no longer be able to use their cards when their balances fall below zero.

Most merchants dread the idea of surcharging consumers at the point of sale, even if Visa and MasterCard are giving them explicit permission in a proposed legal settlement. But the option could prove valuable to merchants as they negotiate new contracts.

Neiman Marcus Inc.'s exclusive credit card acceptance policies are no more.

Visa and MasterCard, in a drive to tip the scales in favor of card issuers over merchants, have established policies over the years that have led to tens of billions in costs and losses through litigation settlements and legislation.

Directors and officers liability coverage is an unpopular topic of conversation at board meetings. But directors who shirk their responsibilities in this area may one day find their claims denied.

Citigroup's second-quarter income fell but was untainted by the scandals surrounding big rivals.

Card fees and anti-Wall Street rhetoric are playing big roles in Democratic Sen. Jon Tester's tight reelection battle with Republican Rep. Denny Rehberg.

SCVNGR's LevelUp mobile payment system added Larkburger, chef Thomas Salamunovich's burger chain, to its merchant lineup.

A pair of Orrstown Financial Services (ORRF) executives quit just two months after the Shippensburg, Pa., company's chief financial officer resigned.