Bank of America, the nation’s third largest Visa and MasterCard issuer, continued to struggle in the first quarter (1Q/17) with sluggish outstandings (OUT) and purchase dollar volume (PDV) growth, but other metrics, except charge-offs, remain fairly stable, according to CardData. Pre-tax net income edged up 1.1% YOY to $1224 million in 1Q/17, compared to $1290…
Consumer shopping habits are rapidly changing the retail industry. The top priorities in retailing today are creating engaged digital relationships and streamlining the path to purchase, wherever the shopper would like to buy. SPS In:fluence 2017 will draw more than 900 attendees from over 175 companies and is a premier retail conference. The event is…
More evidence mounts showing credit card delinquency is steadily rising. The bank credit card default rate recorded a 3.31% rate in March, up nine basis points from February. This is the fifth consecutive month for the ratio to rise. The S&P/Experian Consumer Credit Default Indices, a comprehensive measure of changes in consumer credit defaults, shows…
The global contactless POS terminals market is expected to grow at a CAGR of 25.64% between 2017 and 2021. The global POS market is also expected to increase at a healthy rate during the same period. A POS terminal refers to a system that is used to facilitate easy and faster checkout for customers at…
USA Technologies (USAT has buddied with Vendors Exchange (VE) brings together an industry leader in vending solutions for the convenience marketplace an innovator in next generation payment technology and provider of cashless and mobile transactions in self-serve retail. The partnership has produced the VE Kiosk platform. The VE Kiosk was built on the premise that…
OR-based PayRange has inked a deal with Sumitomo Mitsui Card Company (SMCC), a major merchant acquirer in Japan to expand the PayRange mobile payment solution to millions of Japanese vending machines. While Japan has among the most advanced vending machine markets in the world almost none of the vending machines take credit or debit cards.…