Ingram Micro and Powa Technologies signed a deal to distribute the PowaPOS tablet-based POS hardware in Latin America and the Caribbean. The two companies recently inked an Asia-Pacific partnership.
New research on customer retention surprisingly reveals that companies encouraging their customers to switch products can increase rather than decrease customer turnover. Therefore, proactive retention campaigns may backfire producing higher attrition.
The average charge-off ratio among the nation’s four largest issuers increased 12 basis points (bps) quarter-to-quarter (QOQ) to 3.09% in the first quarter (Q1/15). The top 100 U.S. banks posted a 10 bps increase QOQ to 3.07%, according to CardData.
Purchase Dollar Volume (PDV) for Visa, MasterCard, Discover and American Express U.S. credit cards is expected to reach $4.2 trillion annually by year-end 2019. According to forecaster RAM Research, the U.S. PDV for the U.S. credit card industry is growing at a CAGR of 9.99%.
The number of Japanese merchants accepting the China UnionPay card has soared 20% over the past year to nearly 400,000.
The weak Yen and easing of the Japanese visa policy is attracting more Chinese tourists this year as UnionPay adds special incentives.