Irish consumer spending continued to increase at a sharp pace during October as household expenditure rose +6.8% year-on-year (YOY). This represents the fourteenth month of unbroken growth which has been recorded since the series began in September 2014.
Sri Lanka’s National Savings Bank (NSB) and MasterCard have inked a deal to deploy MasterCard Expert Monitoring Solutions (EMS) with Real-time Fraud Scoring Service.
Synchrony Financial reported Q3/15 revenue increased 9% year-on-year (YOY) to $2.7 billion while net earnings came in at $574 million, compared to $548 million for 3Q/14. Loan receivables grew $7 billion, or 12% YOY to $64 billion. Purchase Dollar Volume (PDV) increased 12% for the third quarter.
PA-based Rite Aid says nearly 4,600 stores of the Company’s nationwide will begin accepting mobile payments, including Apple PayT and Google Wallet, starting Saturday, August 15. The Company will also accept Google’s forthcoming Android Pay. Additionally, all Rite Aid stores will also accept tap and pay credit and debit cards.
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.
CA-based Blackhawk Network inked a definitive agreement to acquire Achievers Corp. Achievers is a leading provider of employee recognition and rewards solutions designed to help companies increase employee engagement. The acquisition will broaden the reach of Blackhawk’s already extensive incentive and engagement business.
Irish consumer spending continued to increase during April on an annual basis, at a growth rate of 4.3% The latest growth rate was robust and consistent with the positive recovery in spending apparent in recent months.
Household spending ramped-up a tad more for Visa Europe in the U.K. during April, jumping 2.0% year-on-year (YOY) and 1.1% sequentially. Furthermore, expenditure growth was also recorded
on both the monthly and quarterly measures, indicating a broad-based improvement in underlying expenditure trends.
MasterCard is ramping up its efforts to get about nine million small businesses up the EMV learning curve with a broad-based program. The new MasterCard Chip 360o program will run through the end of this year.
Ingram Micro and Powa Technologies signed a deal to distribute the PowaPOS tablet-based POS hardware in Latin America and the Caribbean. The two companies recently inked an Asia-Pacific partnership.
Synchrony Financial reported its card platform revenue increased 5%, driven primarily by purchase volume growth of 10% and period-end loan receivables growth of 7%, with broad-based growth across partner programs. Payment Solutions platform revenue increased 8%, driven primarily by purchase volume growth of 10% and period-end loan receivables growth of 11%, with solid growth across industry segments led by home furnishings, automotive products, and power equipment.
Synchrony Financial (f/k/a GE Capital Retail Finance) posted a 19.9% surge in fourth quarter (Q4/14) profits to $531 million, but slipped slightly from the prior quarter. Period-end loan receivables growth for the retail payment card giant remained strong at 7%, driven by purchase volume and average active account growth.