In a move that should sharply boost—some might say inflate—consumer credit scores, FICO on Thursday (Aug. 7) changed its policy and will no longer consider an unpaid or late bill, once that bill “has been paid or settled with a collection agency,” The Wall Street...
Diplomacy is a tricky game and imposing financial penalties against nuclear nations can have frightening consequences. That is the lesson learned this week by MasterCard. When the U.S. this summer imposed serious sanctions against Russia, it halted payment card charges and purchases from quite a...
U.S. revolving credit, which consists mostly of card-based receivables, increased at a seasonally adjusted annual rate of 5.5 percent in the second quarter, which compared with 1 percent annual growth a year earlier, according to the latest Federal ReserveG.19 report released Aug. 7. June’s 1.3...
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Home design e-tailer Fab.com is in talks to be acquired, according to comments its CEO made to Forbes.com. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...
Given key geographic differences in payroll rules, Intuit has purchased U.K.-based payroll specialist PaySuite, to complete it’s integration into QuickBooks Online. The two firms had been partnering with months. This move is similar to Intuit’s purchase back in May of Invitco, a cloud-based bookkeeping operation...
Barnes & Noble has partnered with Google to trial same-delivery services in three markets: New York City; West Los Angeles; and San Francisco. The question is how many customers of the struggling bookseller will want a book so badly—and so often—that they would be willing...
Visa wants to help fuel dealers combat fraud at self-service fuel pumps through the power of analytics data. With Visa Transaction Advisor (VTA), merchants can access risk scores in realtime and identify those that may be coming care of stolen, lost or counterfeit cards. According...
In what some are taking as yet another sign that Facebook is preparing to make a big e-commerce push, Facebook has announced it has acquired Palo Alto-based secure server tech company PrivateCore, a Palo Alto-based secure server technology company. Facebook plans to incorporate PrivateCore’s technology...
