Cardholders Continue to Pay Down Credit

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Fitch’s January Monthly Payment Rate(MPR) Index continues to sit above the 20% mark, currently recorded at 21.52%. Up 5.42% since the year ago period, MPR has consistently remained well above the historical average of 16.55% since 2009. MPR, which measures how quickly cardholders are paying down outstanding balances, is typically stronger…

MoneyGram to Partake in Credit Suisse Conference

MoneyGram International announced that Alex Holmes, executive vice president and chief financial officer, will participate at the Credit Suisse Global Service Conference in Arizona March 11. The discussion will take place at approximately 10:30 a.m. Eastern Time / 7:30 a.m. Pacific Time at the Phoenician. The presentation will be available via webcast in the Investor Relations portion of

Foursquare Specials for Credit Cards Implements First Data

First Data electronic commerce and payment processing is working with Foursquare to extend their already-successful Foursquare Specials for Credit Cards program to now accept Visa and MasterCard, and most debit cards. Foursquare has integrated the First DataSM OfferWiseSM solution that seamlessly allows users to sync their card, and then swipe at a participating merchant location to redeem offers and receive automatic savings. First Data merchants participating in the Foursquare Specials for Credit Cards program will now be able to drive measurable and incremental purchase volume through this expanded feature, offering secure, value-added POS convenience. The integrated, card-linked structure of the OfferWise solution combined with Foursquare Specials creates a friction-free POS experience for the consumer.

Credit Card Chargeoffs Improve 22% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. credit card ABS chargeoffs rebounded in December after 6 months of declines while delinquencies continued decline, according to Fitch Ratings. Payments 60+ Day Delinquent dropped 10 basis points (bps) after coming to a halt for the last three months, down 1.63% to a new historical low, pushing late stage delinquencies…

POS Terminal Numbers Continue Strong Growth

Traditional POS devices continued to expand 3.9% in North America and 4.6% around the globe in 2012. With growth expected to continue at 3.6% worldwide for 2013, according to IHL Group research firm’s POS Vendor Shipments Database, the Asia/Pacific region led all regions in terms of growth, but even the economic challenges of most of the EMEA region did not completely squash growth, which came in at over 2% year over year. Additional findings show Microsoft operating systems run on over 87% of the POS terminals shipped and HP is now the second largest supplier of POS Systems worldwide, rising from the #20 position just 10 years ago. Meanwhile, the value of the North American POS Market topped $7.8 Billion for the first time in 2012.

AOC Solutions Enhances Payment Platform

AOC Solutions commercial payments technology and services provider to corporate and federal clients enhanced its “EnCompass” platform, allowing customers to easily and securely access and manage all their commercial card payments and accounts payable (A/P) processes on any mobile device. The “EnCompass,” AOC Solutions’ commercial payments platform PCI-compliant technology allows users to automate and manage their organization’s accounts payable functions, commercial payments, purchase, fleet, travel and entertainment card programs in one place. To use the new mobile feature, users simply enter their EnCompass website address into the browser of a smartphone, tablet or other web-enabled mobile device and log in using the same credentials as they would on a standard, desktop version of EnCompass.

Bluepoint Updates Remote Deposit

Bluepoint Solutions launched its “QwikDeposit Pro” mRDC solution to improve usability with a redesigned user interface. Allowing financial institutions to speed adoption and attract business accounts, the solution gives merchants the power to easily deposit checks from an office location at any time of day using a multi-check scanner and Internet connection. The “QwikDeposit Pro” solution provides added convenience and security to business account holders, enabling faster availability of funds and eliminating physical transportation of checks, as well as applying sophisticated multi-factor authentication to deposit activity. It is also designed specifically to meet the needs of community financial institutions and to help in their efforts of building market share among small businesses.

USA Technologies VP a Top 2012 Communications Executive

USA Technologies’ Veronica Rosa, VP, Corporate Communications and Investor Relations, has been selected by the ranking committee of ExecRank as a “Top Communications Executive” for 2012. The rankings are the result of two years of research and feedback from evaluation committees and top Chief Communications Officers that yielded an algorithm for how to rank communications executives based on their performance in 24 key areas. Responsible for USA Technologies’ integrated communications program including public relations, media and investor relations efforts, she joined USA Technologies in February 2012 while her experience extends from Fortune 500 to small cap companies as well as “Big 4” public accounting for over 25 years in investor relations, corporate communication and finance.

Aptys Launches ACH and Wire Origination Platform

Aptys Solutions payments network provider to financial institutions launched ACH and Wire Origination solutions through their “PayLOGICS” unified payments platform. The “PayLOGICS” allows banks to offer end-to-end ACH and Wire solutions for originating, analyzing, funding, processing, sending and receiving, managing risk, and monitoring ACH and Wire transactions. The PayLOGICS system relies on an easy-to-use, template-based method for originating transactions quickly and effortlessly. Community Banks are looking for user-friendly solutions backed with unmatched customer support and most importantly products that can and will streamline their processes”the PayLOGICS platform does just that.