Bevo POS Beefs-Up Hybrid Restaurant POS system

Bevo POS Beefs-Up Hybrid Restaurant POS system

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Hybrid restaurant point of sale system Bevo POS has added a few new features to give restaurant owners a serious edge. These new features include support for convenience fee charges for customers, which allows restaurants to reduce the impact of credit fees by moving part of those fees to customers and…

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eMazzanti Technologies Warns of DROWN Syndrome

eMazzanti Technologies Warns of DROWN Syndrome

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] NYC-based eMazzanti Technologies issued a security warning regarding a threat to encrypted server traffic which is usually considered to be secure. Any data exchanged with vulnerable servers is at risk. The vulnerability, called DROWN, was discovered by an international team of researchers and made public by the Department of Homeland Security,…

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Hitachi Solutions Restaurant POS Reaches New Heights

Hitachi Solutions Restaurant POS Reaches New Heights

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Hitachi Solutions reports its food and beverage Point of Sale (POS) for Restaurants is now available on Microsoft Azure Marketplace. Built on Microsoft Dynamics AX for Retail, the Food and Beverage POS for Restaurants helps restaurants manage and track all aspects of food creation and service. The Food and Beverage POS…

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Computop Inks a Big Deal with Heartland Payment Systems

Computop Inks a Big Deal with Heartland Payment Systems

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Computop, a global payment service provider (PSP), has inked a big deal with payment processor Heartland Payment Systems. Through a non-exclusive collaboration, the Heartland Portico Gateway will be integrated with Computop Paygate, a robust platform with international payment solutions and fraud prevention, to enable Heartland’s U.S. customers to expand into new…

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Visa Checkout Gets Awesome with Virtual Card Images

Visa Checkout Gets Awesome with Virtual Card Images

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa has taken its Visa Checkout to a new higher level allowing shoppers to complete their online purchase by sliding a virtual image of their credit, debit or prepaid card across the screen of a smartphone, tablet or laptop. The dynamic, new interactive button brings an engaging new way to pay…

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Other: NEXONIA; JACK HENRY; PAYPAL; and DIGITAL CHECK.

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] In Other News: NEXONIA (Amadeus); JACK HENRY (TCH); PAYPAL (Village Capital); and DIGITAL CHECK (SecureLink). NEXONIA – Nexonia, a provider of web and mobile business financial management solutions, announced a partnership with Amadeus, provider of advanced technology solutions for the global travel industry. The new partnership signals the advanced integration of…

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Big 6 4Q Outstandings Flat; Driven by AXP; Offset by COF

Big 6 4Q Outstandings Flat; Driven by AXP; Offset by COF

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. credit card outstandings end-of-period (EOP) among the Big 6 issuers decreased 0.3% in the fourth quarter year-on-year (YOY) to $485.5 billion. The decline was driven by American Express and offset by Capital One. American Express U.S. EOP credit card outstandings nosedived 17.9% to $51.4 billion, compared to $62.1 billion in…

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All Top 4 Issuers Post Increases in 30+ Delinquency

All Top 4 Issuers Post Increases in 30+ Delinquency

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Average early stage delinquency (30+ days) for the fourth quarter (4Q/15), among the nation’s top four issuers, edged up by 6 basis points (bps) sequentially, but dropped year-on-year (YOY) by 3 bps. All of the top issuers posted higher delinquency for the quarter. The nation’s largest issuer, Chase, reported delinquency increased…

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V+M 4Q Global Purchase Transactions Up 14%

V+M 4Q Global Purchase Transactions Up 14%

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Global purchase transactions (PTX) for Visa and MasterCard debit and credit cards, excluding Visa Europe, soared 14.3% year-on-year (YOY) in the fourth quarter (4Q/15) and 6.5% sequentially.  The two networks combined processed 40.8 billion purchase transactions in 4Q/15, compared to 35.7 billion one-year ago. Visa posted a 13.3% YOY gain in…

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4Q U.S. Credit Card PDV Among Big 6 Issuers Up 6% YOY

4Q U.S. Credit Card PDV Among Big 6 Issuers Up 6% YOY

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Purchase Dollar Volume (PDV), credit and debit cards, among the Big 6 U.S. card issuers, rose 6.1% year-on-year (YOY) and 4.4% sequentially in the fourth quarter. Capital One completely blew out the Big 6 pack by a 3-to-1 margin.

 he Big 6 U.S. issuers racked up $520.6 billon in PDV…

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Payment Cards Drive Explosion of e-Commerce in Pakistan

Payment Cards Drive Explosion of e-Commerce in Pakistan

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Despite the low internet penetration in Pakistan online shopping has skyrocketed. Its e-commerce industry is expected to cross the US$600 million benchmark next year. According to PakStyle one reason internet was not popular in Pakistan earlier on was the very low use of credit cards in the country’s economy. However with…

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Soaring 4Q COF Charge-Offs Drive Top 4 Average Higher

Soaring 4Q COF Charge-Offs Drive Top 4 Average Higher

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Charge-offs among the nation’s top four U.S. issuers dropped 10 basis points (bps) year-on-year (YOY) to 2.87%, and up 19 bps sequentially for the fourth quarter (4Q/15). Soaring Capital One losses drove the sequential gain for the peer group. The Chase 4Q/15 charge-offs ratio inched up by 1 bps from 3Q/15…

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