A new study has found more than half U.S. companies use siloed electronic bill presentment and payment (EBPP) systems that cost them more than $1 billion annually.
Bank of America (BofA) reported a decline of 1.2% in Year-on-Year (Y/Y) average U.S. bank credit card outstandings of $88.9 billion for the third quarter (Q3/14). Meanwhile, Purchase Dollar Volume (PDV) for BofA’s U.S. bank credit cards rose 1.9% Y/Y and flat Quarter-to-Quarter (Q/Q) to $53.8 billion.
Diebold this week introduced its next generation of ATMs boasting lower total cost of ownership, best-in-class security features and advanced technologies that offer a comprehensive suite of solutions. The new 5500 series of ATMs includes Diebold’s ActivEdge, ActivDispense, ActivPower, and Concierge Video Services.
Chase reported another strong quarter of bank credit card purchase dollar volume (PDV) in the third quarter (Q3/14). Charge-offs declined significantly from prior quarters. Despite the strong PDV, credit card outstandings remained soft, reflecting the shift to increased transactional use of bank credit cards.
Citibank’s U.S. bank credit card profits rose 17% year-on-year (Y/Y) and retail credit card profits rose 15% Y/Y in the third quarter of 2014 (Q3/14). End of Period (EOP) bank credit card outstandings declined 3% Y/Y, while purchase dollar volume (PDV) rose 4% Y/Y.