Bank of America (BofA) reported a decline of 1.2% in Year-on-Year (Y/Y) average U.S. bank credit card outstandings of $88.9 billion for the third quarter (Q3/14). Meanwhile, Purchase Dollar Volume (PDV) for BofA’s U.S. bank credit cards rose 1.9% Y/Y and flat Quarter-to-Quarter (Q/Q) to $53.8 billion.
With the entry of high end smart watches from Google, Apple, Sony, and LG, it is likely there will be 100 million smart watches in use worldwide by 2019. The market will accelerate as new capabilities, such as GPS and NFC take hold.
State Bank, a government-run bank in Mongolia, has inked an agreement to issue JCB-branded debit cards. State Bank plans to launch debit card issuing in the spring of 2015.
Diebold this week introduced its next generation of ATMs boasting lower total cost of ownership, best-in-class security features and advanced technologies that offer a comprehensive suite of solutions. The new 5500 series of ATMs includes Diebold’s ActivEdge, ActivDispense, ActivPower, and Concierge Video Services.
The US and China are the only countries interested in using a smartwatch to pay at the checkout with NFC. Out of five countries recently surveyed only 35% consider using a smartwatch at the checkout more convenient than getting out a smartphone.
CardWeb.com’s CardExecs database of card industry movers and shakers today features Andy Mattes, President and Chief Executive Officer of Diebold. The Company is a global leader in providing innovative self-service technology, security systems and related services.
A new study has found more than half U.S. companies use siloed electronic bill presentment and payment (EBPP) systems that cost them more than $1 billion annually.
First Data has improved its TransArmor Solution for small businesses. It incorporates several security and compliance products into one multi-layered, comprehensive solution.
Mumbai-based Money-On-Mobile reports 7.9 million users in September. Money-On-Mobile is a mobile payments service provider for Indian consumers.
CardWeb.com’s CardPixes database of more than 7,000 card images today features the First Merit Platinum Rewards MasterCard . The card is issued by Capital One.
CardWeb.com’s CardWatch database of more than 57,000 marketing items including direct mail, print ads, TV ads, etc. today features the MasterCard Stand Up to Cancer from July 2013.
POS on Cloud, a provider of cloud-based POS software-as-a-service (SaaS), has certified three Epson POS printers for its retail and hospitality clients.