British Consumer Credit Card Debt Continues to Accelerate 9%+ Year-on-Year

U.K. consumer credit continued to expand at a brisk pace in November, topping 10% year-on-year (YOY). In November total consumer credit grew to £192.2 billion. The three-month annualized and twelve-month growth rates, seasonally adjusted (SA), were 11.4% and 10.8% respectively. The Bank of England (BOE) reports consumer credit increased by £1.9 billion in November, in…

Verifone Expands its Engage Family with New Advanced Multilane Payment Device

Verifone has pulled up the curtain on its sleekest, the most advanced and intuitive multilane payment device ever. Verifone designed the new M400 to enable this for its department store, specialty retailer, grocery store, hotel, quick service restaurants and convenience store clients. Verifone says multilane merchants need a platform capable of supporting their vision for…

Next Generation Payment Testing Solutions Optimizes Existing Legacy Testing Assets

Paragon Application Systems has inked a deal with RS Software India, a provider of digital payment technology solutions that builds payment infrastructure for countries all across the globe and helps businesses transition from legacy to modern e-payment systems. The alliance addresses the growing demand for testing solutions that provide better automation and more comprehensive code…

Cargo Volume Data Points to a Very Strong Holiday Shopping Season

Dovetailing with recent consumer spending and consumer debt statistics, imports at the nation’s major retail container ports saw an unexpected increase during the industry’s busy holiday season. Global Port Tracker says retailers don’t import merchandise unless they think they can sell it. Ports covered by Global Port Tracker handled 1.64 million Twenty-Foot Equivalent Units in…