Archive | Business Pulse

Mobile Transactions – Everything Is On The Move – Including Your Money

If you think mobile transactions are just a fad, consider that Starbucks generated over $1 Billion from Mobile Transactions in 2013. These are in-store transactions that Starbucks customers completed by using their phones at the register. The Business Insider estimated that mobile transactions accounted for over $30 Billion in 2013. Also, according to a recent […]

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Banking in Brazil – Trouble in Paradise?

With a Gross Domestic Product of US$ 2.253 trillion in 2012, Brazil is the world’s seventh wealthiest economy. However, the Brazilian economy slowed significantly over 2011 and 2012. The previous GDP growth of 7.5% decelerated to 2.7% in 2011 and came to 0.9% in 2012. The good news – Brazil’s gross domestic product gained 2.3 […]

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Ready or Not – Here Comes EMV!

The so called “Smart Card” – basically a credit card with an embedded microprocessor – is being implemented in the U.S. marketplace. Why? Because starting in October of 2015, policy changes by MasterCard, American Express and Visa will protect – from certain liabilities – whichever party has the more secure EMV technology (smart card) in […]

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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 […]

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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 […]

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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 […]

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