London-based Towry, the wealth adviser, is launching a new online portal, My Towry allowing its clients to access all their personal financial information in one place.
Acer announced its new Predator 8 GT-810 gaming tablet, one of several new gaming devices in Acer’s high-octane Predator gaming series. The sleek brushed aluminum GT-810 is powered by the Intel® Atom™ x7 processor, Android 5.1 and the latest 2×2 MIMO wireless technology, taking portable gaming to a new level of fun and immersion.
First American Payment Systems (FAPS) has ankled Bill Lodes to the leadership team as SVP, Business Development and Strategy. Lodes will be responsible for building a robust sales strategy for the Independent Software Vendor (ISV) market.
Pierre Omidya who founded eBay as a sole proprietorship in September 1995 remains on eBay’s Board following their divorce with PayPal. He has been a director and Chairman of the Board since eBay’s incorporation in May 1996.
The average charge-off ratio among the nation’s four largest issuers increased 12 basis points (bps) quarter-to-quarter (QOQ) to 3.09% in the first quarter (Q1/15). The top 100 U.S. banks posted a 10 bps increase QOQ to 3.07%, according to CardData.
The average U.S. 30+ day delinquency rate among the nation’s four largest issuers declined 11 basis points (bps) sequentially, to a record low of 1.96% for the first quarter, compared to 2.07% in the prior quarter and 2.16% one-year ago. The top 100 U.S. banks posted a 27 bps decline from 1Q/14.
Given the uptick in bank credit card delinquency in the third and fourth quarters, it is likely charge-offs will start to climb upwards as early as the first quarter and will continue to march north for the rest of 2015.
The average U.S. 90+ day delinquency rate among the nation’s four largest issuers declined 12 basis points (bps) to 1.04% during 2014. The top 100 U.S. banks also posted a 13 bps decline last year to 1.08%.
The average charge-off ratio among the nation’s four largest issuers declined 37 basis points (bps) year-on-year (Y/Y) to 2.97% in the fourth quarter (Q4/14). The top 100 U.S. banks posted a 34 bps decline last year, also to 2.97%.
The average U.S. 30+ day delinquency rate among the nation’s four largest issuers declined 25 basis points (bps) to 2.07% during 2014. The top 100 U.S. banks also posted a 25 bps decline last year to 2.16%.
First American Payment Systems has partnered with the Community Bankers Association of Illinois (CBAI) as an endorsed merchant services provider for the Association.
Three of the top four U.S. Visa and MasterCard issuers are seeing a continuing credit quality reversal in 2014 as delinquency rates headed higher in the fourth quarter. Bank of America (BofA) posted a five basis points (bps) downtick in Q4 but it is insignificant as their 90+ delinquency rate headed higher.