CardFlash.com Breaking News: R&M (report); NXT-ID (NFC); BANKRATE (rates); and SYNCHRONY (card deal).
R&M – Research and Markets announced the addition of the “Credit Card Bundle: Commercial Payment, Co-Branded/Affinity, and Private Label” report to their offering. This 9th edition of Commercial Payment Cards: U.S. and Global Market Trends presents data and analysis on the global and U.S. market for commercial payment solutions, including cards and automated clearing house (ACH) payment services. The report quantifies the size and growth of the market and presents key metrics within the broader payment card arena. Included are discussions and analysis of the various card associations or networks, commercial payment card types, trends and factors affecting their growth, and a focused analysis of commercial card consumer demographics and preferences.
NXT-ID – NXT-ID, effective January 2016, all Wockets sold will be enabled with NFC (Near Field Communication) payment technology. As new partnerships with financial institutions are completed, Wocket owners will be notified when they can make NFC payment transactions.
BANKRATE – More than 4-in-10 Americans (41%) admit they’re concerned about rising interest rates in 2016, according to a new Bankrate.com report. Americans are most worried about how rising interest rates might affect their personal finance situation (18%) and what consequences may be for the economy/stock market (16%) in a rising rate environment.
SYNCHRONY – Synchrony Financial, a premier consumer financial services company with 80 years of retail heritage, today announced a multi-year extension of its longtime relationship with P.C. Richard & Son, the largest chain of privately, family-owned appliance, electronics and mattress stores in the United States, to continue providing financing options for its customers.