Citibank’s average yield for its U.S. retail credit card portfolio rose 11 basis points (bps) in the second quarter, compared to one-year ago, and up 4 bps sequentially. The net interest revenue (NIR), which includes some fees, also jumped by 26 bps year-on-year (YOY) for Q2/15, but down slightly from the prior quarter. Also, credit quality improved in the quarter.
eBay will not be the same without PayPal and most analysts agree they have an uphill battle long-term due to intense competition. However, eBay is expected to divest its Enterprise business in a deal valued at $925 million, according to Forbes.
New research shows about 50% of survey respondents are now shopping using a mobile device. Almost one-third are purchasing a product after seeing it on social media. Approximately one-third of survey respondents indicate that text offers would drive an incremental shopping visit. Value propositions, including free shipping, loyalty programs and personalized offers, continue to be important.
An all-in-one, tablet point-of-sale (POS) system for small business has hit the market. The new NCR Silver Register runs NCR Silver in the cloud and excludes third-party user applications to help maximize employee productivity and help minimize security risks.
A new study explores everything from whether googling diners before they arrive is creepy or cool to what diners think of emerging in-meal technologies like on-table touchscreens and mobile payment. However, 46% of diners say they have “never” used a phone to pay at a restaurant but like the idea.
Synchrony Financial continues to dig itself into a hole with retail credit cards and why it’s up for grabs. The Company reported its card platform revenue increased dismally at 5%, driven primarily by purchase volume growth of 10% and period-end loan receivables growth of 7%, with broad-based growth across partner programs.
TIO Networks has inked an arm’s length agreement acquire NJ-based Softgate Systems, a provider of consumer retail bill payment solutions. The acquisition is expected to close later this year.
PaymentVision, a leading provider of PCI-compliant electronic payment gateway services, will host a free webinar that introduces attendees to EMV. The webinar will take place on Wednesday, August 12, 2015, from 2:30 p.m. to 3:30 p.m. EDT.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Michael Carter, Co-Founder and CMO of Silicon Prairie.
CardWeb.com’s CardData database of Company Profiles today features Cubic.
CardWeb.com’s CardData Reports today features the “Asia Pacific Mobile Money Industry Prospects till 2019 – China and India to Bolster Growth” report by Ken Research.
Jacksonville-based The Transaction Group (TTG) is providing free EMV terminals and PIN pads. TTG intends to provide merchants with a hi-tech EMV terminal to handle chip card transactions, as well as a customer-facing PIN pad with an EMV port so that the customer has possession of their credit card through the transaction process.