Global POS Terminal Market to Hit to Top $103B by 2023

Global POS Terminal Market to Hit to Top $103B by 2023

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] New research reveals the Point of Sale (POS) terminals market size was over 32 million units in 2015, which is forecast to grow at 18.3% CAGR to reach 126 million units by 2023.  The Global Market Insights study also found the POS Terminals Market size is forecast to be worth US$103.52…

Details
Retail & Restaurants Acknowledge Critical Role of POS

Retail & Restaurants Acknowledge Critical Role of POS

A new study found the vast majority retailers and restaurant owners recognize the critical role of their POS in the overall customer experience. The research revealed 86%, 84% and 83% say the opportunity to collect new and expanded insights on customers, operations and product, respectively, had at least moderate influence on their decisions to implement…

Details
GiftLogic and Magento eCommerce Integrate POS Software

GiftLogic and Magento eCommerce Integrate POS Software

GiftLogic Point of Sale (POS) software has added support for Magento eCommerce within its interface. The combination of GiftLogic and Magento eCommerce software allows retailers to quickly create an online store that can be managed within the GiftLogic POS software. Once connected, retailers can export their web items from GiftLogic to their Magento store. This…

Details
TSYS Re-Inks Big Health Savings Account Administrator

TSYS Re-Inks Big Health Savings Account Administrator

TSYS has inked a long-term renewal agreement with HealthEquity to provide payments processing services for the company’s healthcare payments portfolio. As one of the largest health savings account administrators, HealthEquity works with a wide variety of employers, diverse in industry, size, location, and culture. TSYS has provided processing services for HealthEquity since 2009. As part…

Details
BofA CC Portfolio Growth Impaired; Risk Metrics Solid

BofA CC Portfolio Growth Impaired; Risk Metrics Solid

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The nation’s second largest Visa and MasterCard issuer, Bank of America (BofA), to be unseated by Capital One in 2016, continues to struggle with sluggish outstandings (OUT) and purchase dollar volume (PDV) growth, but other metrics, especially credit risk management are above peer group averages Year-On-Year (YOY). Pre-tax net income edged…

Details
NXT-ID Ankles COF Executive to its Advisory Board

NXT-ID Ankles COF Executive to its Advisory Board

FL-based NXT-ID has ankled Gregory Johnson, Head of Business Relationships for Capital One, to its Advisory Board of Directors. Prior to joining Capital One, Gregory spent 17 years at American Express Company working in Consulting Services, Business Travel, Commercial Card, and the OPEN Small Business brand forming strategy and architecting large client facing teams to…

Details
Chase 1Q/16 Mixed Bag: PDV-OUT-DEL-OUT-Attrition Up

Chase 1Q/16 Mixed Bag: PDV-OUT-DEL-OUT-Attrition Up

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] After a credit card bruising in 2015, Chase, the nation’s largest bank credit card issuer, rebounded in the first quarter (1Q/16) as outstandings (OUT) and purchase dollar volume (PDV) entered positive territory. However, delinquency (DEL) and charge-offs (CO) edged upward both Year-On-Year (YOY) and sequentially (QTQ). Furthermore, the account base remains…

Details
GRT to Educate EU Merchants on Chargeback Reason Codes

GRT to Educate EU Merchants on Chargeback Reason Codes

Global Risk Technologies’ (GRT) Chargebacks911 business is waging an educational campaign to enlighten merchants in understanding and using reason codes in the light of newly released fraud statistics. The figures from Financial Fraud Action UK reveal that financial fraud losses grew by 26% in 2015. The research further highlights the growth in payment card fraud,…

Details

BRIEFS – FINPAY; STARMOUNT; PERFORMLINE; and ULTRA

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] In Other News: FINPAY (conference); STARMOUNT (Aurus); PERFORMLINE (MMSP); and ULTRA (Bitcoin). FINPAY – FinPay has been selected to present at the 2016 Angel Venture Fair as one of America’s top startups. As the oldest angel venture conference in the Mid-Atlantic region, the Angel Venture Fair is the annual consortium of…

Details