In Other News: SIONIC (ION); VISA (survey); TECHNAVIO (MEMS); and BOFA (Alaska Airlines).
SIONIC – Sionic Mobile reports ION Rewards for Apple Watch are now available for immediate free download in the App Store. For each mobile checkout, users instantly earn IONs that spend like cash and can be used at more than 100,000 merchant locations nationwide, including big-brand retailers and a fast-growing number of small business merchants.
VISA – Visa released the results of a new study forecasting a significant increase in international travel by households globally over the next decade. The study estimates that roughly 282 million households will plan at least one international trip per year by 2025, up nearly 35% from 2015.
TECHNAVIO – Technavio research analysts are forecasting positive growth for many segments of the global embedded systems market over the next four years as several related markets, including MEMS for mobile devices, carbon nanotubes, and embedded systems EMV cards, will likely witness an increase in revenues. Technavio market research analysts predict the global MEMS market for mobile devices to grow at a CAGR of close to 10% during the forecast period.
BOFA – Bank of America announced Alaska Airlines Visa Signature consumer cardholders now have two new benefits to love. As of June 1st, the credit card no longer has foreign transaction fees, and bonus miles for new cardholders have been increased to 30,000 after qualifying spend.