debtors prison

Lawmakers seek to curb spate of debt collection arrest warrants

The use of debt collection arrest warrants has mushroomed since the financial crisis. People often assume that the debtors prison is ancient history and they can’t be arrested for not paying a debt. But more than a third of U.S. states have laws that allow the debt collection industry to obtain arrest warrants to recoup
Square Card Reader

Visa creating a person-to-person payment system

For decades, Visa has provided card processing services for businesses as well as credit and debit cards to customers. As of Wednesday, the card company has announced that it will be premiering person-to-person payments. This new service will compete with electronic payment services such as PayPal and Square. Visa’s new P2P system The new Visa