The average U.S. 30+ day delinquency rate among the nation’s four largest issuers declined 11 basis points (bps) sequentially, to a record low of 1.96% for the first quarter, compared to 2.07% in the prior quarter and 2.16% one-year ago. The top 100 U.S. banks posted a 27 bps decline from 1Q/14.
Over the past two years mobile transactions at Starbucks have doubled from 4 million transactions per week in Q1/13 to 8 million transactions in Q1/15. The number of mobile transactions has significantly soared since the second quarter of 2014 and set to soar higher as Mobile Order & Pay expands this year.
Grenoble-based Tiempo Secure is teaming with Seoul-based Secure Platforms Technology (SP-Tek) to market smart card chips equipped with the JavaCard OS. Their combined offer is targeting smart card manufacturers in the Americas, who are supporting the current migration from magnetic stripe to EMV smart cards.
Online retail sales in the US are expected to hit $480 billion by 2019 growing by compound annual growth rate (CAGR) of 10%. Categories once trailing behind in online sales, like furniture and auto parts, will likely have compound annual growth rates of 15% and 11%, respectively,
Moderate percentage point gains in consumer smartwatch adoption can be expected over the next year if the Apple Watch follows historical patterns. It has been widely estimated Apple will ship 15 million Apple Watch devices its first year on the market.
POS Stratus, a specialist in POS software for retailers, is integrating with the PowaPOS retail payments platform. The partnership between these two companies will accelerate availability of advanced, tablet-based POS solutions for retail companies in its home market of Spain as well as across Europe.