Current Trends in U.S Banking

The 2013 Financial Management Solutions Inc annual teller line study showed the following trends: 45.3% decline in teller transaction volume since 1992, 84.2% increase in salary and benefits since 1992, 123.6% increase in Labor Cost Per Transaction, 17.0% decline in productivity. Note that there where were 24 bank failures in 2013 as compared to 51 […]

Continue Reading

Pertech is “Going Green”

“Going Green” can mean a lot of things. To Pertech Industries, Inc. it means that the organization purposely plans to reduce the amount of waste generated and to recycle whenever possible, reduce energy consumption at every opportunity, and to provide products that express this philosophy. To that end, Pertech’s environmental efforts for 2014 will focus […]

Continue Reading

Global Payment Trends – Where is it all going in 2013?

The volume of global non-cash payment transactions has been on the increase since 2011. Much of the increase has been in developing economic regions like Central Europe, parts of Africa and Asia, and the Middle East. However, the largest markets are still North America and Europe, accounting for approximately two-thirds of the world-wide non-cash transaction […]

Continue Reading

Banking in India

2013 Was Not Kind to India’s Banks. With the world’s second largest population, India has a huge banking system. Unfortunately, Indian banks have a lot of things going against them currently, from a slowing economy and rising loan defaults to allegations of money laundering. On the bright side, The Reserve Bank of India (RBI) has […]

Continue Reading

Digital Currency Catches On

Some times life seems more like a video game than reality. One of the more interesting instances of this is the emerging digital or virtual currency marketplace. The current market leader is Bitcoin. Banded in some countries, accepted in others, the Bitcoin concept has certainly generated a lot of interest and discussion since its introduction […]

Continue Reading

Happy New Year Everybody!

This past year was one of change and consolidation as the organization has continued to evolve. As the New Year, begins, Pertech is looking forward to a series of new products as well as enhancements to existing product lines. New market segments are being approached and additional features will address new technology demands in the […]

Continue Reading