ZF Electronic Systems Pleasant Prairie has unveiled the new CHERRY G80-7040LUVEU-2, an EMV Level 1 POS keyboard which serves double-duty by handling current and new credit card technologies.
The Financial Obligations Ratio (FOR) has declined to 15.28%, the lowest measurement since 1981 and the Debt Service Ratio (DSR) has plunged to 9.92%, the second lowest ever recorded in 35 years. However, this trend my reverse in 2015 as the economy heats up.
While the total number of U.S. Visa (V) and MasterCard (M) credit plus debit Cards-in-Force (CIF) topped one billion in 2013, the number of Gross Accounts (GAC) is ready to cross the milestone in 2015. RAM Research forecasts a total of 942 million V+M GAC in the first quarter.
If the Federal Open Market Committee (FOMC) moves interest rates upward then bank credit card interest rates are set to move into the 30%+ territory among the nation’s top issuers. Over the past year, with no movement in the Prime Rate, overall rates have been climbing.
Atlanta-based Global Payments has introduced a comprehensive suite of security solutions designed for direct merchants. The new GlobalShield will join EdgeShield gives merchants and application providers the most secure processing options in the industry.