Big 6 Q2 Delinquency
The nation’s Big 6 credit card issuers reported a big decline in delinquency ratios during the second quarter. The leading indicator for charge-offs is now at a record low and headed lower in the third quarter.
Square Announces Analytics Tool
Square added Square Analytics to its complete Register service to provide sellers actionable data to increase sales and better serve their customers. Square Analytics integrates the full suite of Square Register products including Pickup, Invoices, and Appointments, making it the most robust point of sale service. Square Analytics features an analytics homepage to show seller’s business is performing in real time, including which items are the most popular, and how their business is performing compared to others in their industry. It also shows sales trends hourly, daily, and monthly so sellers can consider later hours or stocking up on inventory to avoid missed sales. Sellers can see new vs. returning customers as well as customer frequency, recency, and average customer spend.
Allied Wallet is Awarded as an INC 5000 Company for the 2nd Time
Allied Wallet has been awarded as an INC 5000 company for 2014, recognizing their incredible growth and award-winning solutions. Allied Wallet was previously recognized in 2012 as an INC 500 company. Since then, they’ve expanded to over 1000 employees globally with offices all over the world. This year they’ve earned their second placement on the INC 5000 list as one of the fastest growing companies.By creating a state-of-the-art solution that is easily implemented all over the world, Allied Wallet has connected buyers and sellers from different continents by offering them a simple, safe way to accept or send payments for goods or services. INC 5000 has been awarding the top, privately-held companies in the United States for over thirty years.
Top 25 Companies
Discover Financial Services has been ranked among the top 25 companies heralded by employees for their culture and values, according to Glassdoor.com, a popular careers website that gathers unsolicited comments and company reviews from workers across all industries.
Worldpay Partners OnDeck
Worldpay announced its relationship with OnDeck tp leverage OnDeck’s platform and proprietary technology to allow its small and mid-sized Worldpay customers rely on the company’s credit card processing services including face-to-face, virtual and mobile payment systems. The relationship will allow Worldpay’s small business customers to obtain working capital from OnDeck for business related growth needs, such as equipment or inventory purchases and hiring. OnDeck’s platform and proprietary credit score, the OnDeck Score, enables easy application with fast approval and funding.
Banking with Mobile Camera
Malauzai Software has seen significant growth in banking via the smartphone camera in the first half of 2014. Usage of mobile banking features such as mobile remote deposit capture and mobile photo bill pay has increased as smartphone cameras have advanced in functionality.