The Financial Obligations Ratio (FOR) has declined to 15.27%, the lowest measurement since 1981 and the Debt Service Ratio (DSR) has plunged to 9.91%, the second lowest ever recorded in 35 years.
Nearly 60% of anticipated data breaches worldwide in 2015 will occur in North America, but this proportion will decrease over time as other countries become both richer and more digitized. Plus, the average cost of a data breach in 2020 will exceed $150 million by 2020, as more business infrastructure gets connected.
Almost 56% of millennials would switch from their current bank for an account that did not automatically pay overdraft items for a fee. Also, while online banking is the preferred money management channel for all segments analyzed, millennials are three times as likely to report that mobile is their preferred channel.
The latest social media message from deep south-based CompareCards is Americans recognized they were spending a lot of money on food and considered it a problem as they had less to spend in other areas. Most of the individuals who stated this is a problem said they would prefer to spend money on other things (as opposed to saving).
Instant Issuance improves the card issuing process by enabling new and existing customers to receive a fully-functioning, active payment card within minutes. Canada’s IA360° launches non-traditional Instant Issuance of EMV Credit Cards, mobile wallet and wearables to be activated in retail stores and at events in North America.
Zoho has teamed with Forte Payment Systems to offer electronic payments directly with Zoho Finance apps. Using Forte’s RESTful architecture and Web Services, Zoho was able to integrate the additional options for payment acceptance seamlessly and easily into their already comprehensive software solution.