A new survey finds free shipping trumps all other holiday shopping incentives in 2015. The survey also reveals cybersecurity concerns are generally not slowing shoppers down.
US-based Verifone has inked an agreement to acquire InterCard AG, a top Payment as a Service provider in Germany. The combination of Verifone and InterCard in Germany creates a point of sale terminal and multichannel Payment as a Service provider capable of offering merchants secure, simple and innovative end-to-end payment and commerce solutions.
Sberbank, the largest bank in Russia has inked a deal with Hong Kong-based PAX Technology to become its major payment terminal supplier.
NCR Payment Suite, consisting of Authentic and Fractals, has been certified as PA-DSS 3.0 compliant by the PCI Security Standards Council (PCI SSC).
Private and business aviation pilots can now pay for fueling and services directly from their phones with a new app from U.S. Bank Multi Service Aviation.
U.S. News & World Report has released a Best Credit Cards web portal to bring clarity and transparency to an area where historically consumers have lacked objective advice.
TSYS and TranSend, a provider of infrastructure software to the payments industry, announced the certification of RevChip, TranSend’s comprehensive EMV application tailored to the U.S. market.
The majority of consumers (86%) purchased plastic gift cards in the last year. Nearly half of the consumers surveyed (43%) bought plastic gift cards solely for gift-giving.
Charge-offs among the nation’s top 6 issuers inched up 8 bps year-on-year (YOY) to 2.65% for the third quarter, but down 15 bps sequentially, according to CardData. Citibank has done the best job of reigning in card losses, dropping 44 bps, compared to 2Q/15.
American consumers continue in a buying mode after ratcheting up revolving credit by $6.7 billion or 8.7% year-on-year (YOY) in September.
Total revolving credit for September posted at $925.2 billion, compared to $918.5 billion in August, and $914.5 billion in July.
Like the U.S. consumer U.K. spending is heating up +2.1% on an annual basis, up from a +1.9% rise in September, and the strongest annual rate of growth for three months. Spending also rose slightly on the quarterly and monthly spending measures in October.
Germany’s Wincor Nixdorf reports fiscal year net sales totaled €2,427 million, down 2% on the prior-year figure. Talks of a merger with U.S.-based Diebold also continue on track.