NY-based PayItSimple USA has invaded the UK. The service lets consumers simply and easily charge any purchase on existing general purpose credit cards and pay it back in monthly, interest free installments.
First Data (FDC) is acquiring digital gift card pioneer Transaction Wireless (TWI), the San Diego-based enterprise digital gift card distribution platform. First Data now provides its gift card clients, distributors, partners and resellers a fully integrated, comprehensive physical and digital gift card program.
Apriva has inked a partnership with Globalcom Engineering, a leader in payments hardware. By integrating Apriva’s Gateway with Globalcom hardware, this partnership brings proven EMV hardware into a wide variety of unattended markets in the U.S., including parking, kiosk, car wash, banking, gaming, airline kiosk, vending, and retail.
U.S. bank credit card rates for all accounts edged up slightly in May by 6 basis points (bps) from the prior month to 12.04%. However, annual interest rates for all accounts accruing interest charges declined slightly in the second quarter by 5 bps to 13.49%.
Consumer spending is heating up in the UK, posting the strongest quarter for consumer spending in five years. Spending rose +1.4% on an annual basis in June, rounding off the strongest quarter for household spending since Q2 2010. Underlying growth momentum remained strong looking forward.