Pre-tax profits among the nation’s top four bank credit card issuers declined 10.7% in the third quarter (Q3/14), compared to one year ago. Sequentially net income rose by 9.4%, according to CardData.
The 2013 holiday season witnessed a seismic shift in consumer behavior in which many traditional brick-and-mortar retailers experienced a decline in foot traffic compared to significant growth in online shopping. For example, retailers like Starbucks are radically redefining the retail experience by shifting to food trucks on college campuses.
Consumers’ fevered interest in the digital currency Bitcoin has abated considerably since spring 2014, but since then a number of countries around the world have announced new regulatory positions or indicated that regulation is imminent that directly affects the ability for consumers, businesses, or financial entities to handle and process digital currency transactions.
Currently, 63% of business owners maintain a positive outlook, a level not reached since fall of 2007 (64%). Stronger revenue growth could be fueling this optimism as more entrepreneurs say their revenues are higher when compared to a year ago (42%, up from 38% in 2013).
CardWeb.com’s CardExecs da tabase of card industry movers and shakers today features Marty Moretti, Chief Service Officer of Heartland Payment Systems. Heartland is the fifth largest payment processor in the USA.
NYC-based CardFlight and Anovia Payments have teamed agreement to provide customized mobile payment solutions to Anovia’s VARs, partners and merchants.
Austin, TX-based Unwired Nation has introduced the next-generation of its mobile banking platform, Unwired Bankin to meet the needs of community-focused financial institutions in the US.
Denver-based Connect POS announced the integration of its mobile point-of-sale app for iPad into the Intuit App Center. With this integration, iConnect POS becomes the first cloud-based point-of-sale (POS) system to be fully integrated with QuickBooks Online.
CardWeb.com’s CardPixes database of more than 7,000 card images today features the BBVA Compass Optimizer Visa card. The secured card is issued by BBVA Compass .
CardWeb.com’s CardWatch database of more than 57,000 marketing items including direct mail, print ads, TV ads, etc. today features the Discover it – “Cashback Concierge” TV ad from July 2013.
U.S. Bank Corporate Travel and Purchasing card clients can now retrieve account information on the go with the new U.S. Bank Access Online Mobile app.
A new survey from Moneris, a major global acquirer, found 69% of Canadians and 80% of Americans have recently received outstanding service from tradespeople, such as plumbers, electricians or landscapers, employed by small and mid-sized businesses.