Consumer spending is heating up in the UK, posting the strongest quarter for consumer spending in five years. Spending rose +1.4% on an annual basis in June, rounding off the strongest quarter for household spending since Q2 2010. Underlying growth momentum remained strong looking forward.
Purchase transactions (PTX) for U.S. Visa and MasterCard debit cards will slow to 7.5% in the second quarter, compared to 7.7% in the first quarter.CardData and RAM Research says U.S. credit card purchase transactions are quickly ramping up this quarter.
U.S. bank credit card rates for all accounts edged up slightly in May by 6 basis points (bps) from the prior month to 12.04%. However, annual interest rates for all accounts accruing interest charges declined slightly in the second quarter by 5 bps to 13.49%.
In today’s CardFlash News Que: BOFA (Euromoney); FAPS (award); BATCHED.COM (EMV); and E-COMMERCE 4 (report).
AARP and Google want New Yorkers age 50+ to be smart online to keep identity thieves out of their wallets and to protect their personal information. Today, at an event co-hosted by the AARP Fraud Watch Network and Google at Google’s Chelsea offices, the groups released the top five tips that every New Yorker should know to avoid identity theft and keep their passwords, credit cards, and other sensitive financial information safe.
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the CardWeb.com’s the BNP Paribas TV Spot, “Worldwide Presence.”
CardWeb.com’s CardData database of Company Profiles today features encurio.
SPOT has eclipsed 20,000 downloads in Boston alone and has introduced “SPOT 2.0.” SPOT was founded in Boston in July 2014 as a sharing economy solution to the parking industry.
CardWeb.com’s CardConferences today features the DIGITAL CURRENCIES + THE BLOCKCHAIN conference, July 28, in New York City.
NYC-based eMazzanti Technologies has completed high-level retail data security training to prevent retail point-of-sale (POS) data theft. eMazzanti is currently one of only seven companies worldwide to be qualified as a PCI Qualified Integrator under the stringent certification standards of the PCI Security Standards Council Qualified Integrators and Resellers (QIR) program.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Mike Baxter, Senior Vice President, Product Development of Entrust Datacard
Payverifi has teamed with Kount Systems in order to enhance their fraud management systems. The partnership will allow Payverifi’s pre-existing systems to dive in even deeper to each particular transaction, instantly checking hundreds of fraud check points.