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.Details
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.Details
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.Details
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.