April consumer revolving credit card debt slowed considerably at an annual rate of +2.1%, compared to a revised +13.3%% in March and a revised +2.9% in February. Overall consumer credit increased at a seasonally adjusted annual rate of +4.5% in April. Non-revolving credit increased at an annual rate of +5.4%. Total revolving credit for April…
Toronto-based BNA Smart Payment Systems announced that its “Global East
Auto Rental” application is now certified for use on the Global Payments
Atlanta platform. The application runs on the Banksys “C-ZAM” terminal. The
most important feature of the application is that it minimizes the
possibility of an interchange downgrade for auto rental transactions. The
application also lessens the number of key entries, required to complete
these types of transactions.
Ireland-based Peregrine Systems Ltd. became the first company to receive compliance certification for its interface to Europay International’s ‘SuperFlow’ image gateway product. Peregrine Systems is a provider of solutions for chargeback processing to the card payments industry. ‘SuperFlow’ removes the need to print and scan the documents at both ends, and allows Europay’s electronic image processing system for retrieval requests and chargeback support documentation to interface with software like Peregrine’s chargeback processing environments, ‘ICS’ and ‘MERCS’.