credit card | Pixr8 News

Is Consolidated Credit Solutions Effective?

26Jul By PriyankaNo Comments

BUSINESS

Is Consolidated Credit Solutions Effective?

You never thought it would happen to you, yet here you are. You’re up to your eyebrows in credit card debt, and no matter how hard you try, you can’t handle it alone. You need professional help. Enter Consolidated Credit, which just may be your way out. But is Consolidated Credit Solutions effective? The Issue In the last quarter of 2019, U.S. residents owed $4.2 trillion in non-housing debt. So, you have beaucoup company. But you do have options, including credit counseling, debt settlement, and if your credit’s good, debt consolidation. What Kind of Company is Consolidated Credit? It’s a legit free credit counseling company that’s been in business for more than 27 years. During that time, it has helped more than 10 million consumers refinance credit card obligations an...

Spending on U.S. Credit, Debit, and Prepaid Cards to Top $10 trillion

12Nov By PriyankaNo Comments

USA

Spending on U.S. Credit, Debit, and Prepaid Cards to Top $10 trillion

CARPINTERIA, Calif., Nov. 11, 2019- Spending for goods and services initiated by credit, debit, and prepaid cards issued in the United States, which totaled $7.266 trillion in 2018, is projected to reach $10.086 trillion in 2023 according to statistics released this week from The Nilson Report, the leading card, and mobile payment industry trade publication. At the end of 2018, there were 6.96 billion credit, debit, and prepaid cards in circulation in the U.S. That total is expected to reach 8.02 billion at the end of 2023. "When nearly 7 billion payment cards generate more than $7 trillion in purchases of goods and services…you have to conclude the state of the card business is very good," said David Robertson, Publisher of The Nilson Report. Credit cards accounted for 54.17% of...

US Consumer borrowing up $17.5 billion in April

8Jun By AdityaNo Comments

USA

US Consumer borrowing up $17.5 billion in April

Consumer borrowing accelerated in April to the fastest pace in five months as a rebound in credit card use offset slower demand for auto and student loans. Borrowing increased by USD 17.5 billion, the Federal Reserve said. That is up from March's USD 11 billion advances and marks the biggest jump since a USD21.7 billion increase last November. Aa per the data by CreditNinja Financing, Borrowing on credit cards increased by USD 7 billion after having fallen by USD 2 billion in March. Borrowing for auto and student loans slowed to an increase of USD10.5 billion, down from USD13 billion in March. It is the smallest advance since last June. Consumer credit is a key indicator of the willingness of households to increase borrowing to support consumer s...

Paytm To Introduce Offline PoS System For Merchants

12Jun By Gauri SinghNo Comments

News

Paytm To Introduce Offline PoS System For Merchants

Online payments firm Paytm, run by One97 Communications Pvt. Ltd. is supposedly planning to soon introduce offline physical point-of-sales (PoS) terminal for its merchant customers. After QR code feature, Paytm is now enabling cards payments at merchant locations. According to the reports, it is being anticipated that will bring in two types of PoS terminals : - Traditional PoS terminals, which work on GPS or landline. - Mobile PoS terminals, which mostly work through a smartphone. “The idea is to offer users all forms of digital payments. What Paytm is doing through UPI encouraging bank-to-bank transfers, this is something similar to where they are entering into all forms of digital payments through PoS,” the report stated. “Paytm already has QR payment faci...

TCS Launched Single Merchant Pay to Help Retailers

25Apr By PriyankaNo Comments

News

TCS Launched Single Merchant Pay to Help Retailers

Tata Consultancy Services (TCS) has launched Merchant Pay to help retailers seamlessly integrate payments across multiple channels like Aadhaar, credit and debit card as well as phone-based payments through a single interface. Merchant Pay will allow consumers to transact by using fingerprint and confirming identity at stores that are enabled with this platform, TCS said at a statement. "With numerous digital payment methods like UPI, eWallets, Aadhaar Pay, Debit and Credit cards available, there was a need for a unified platform that integrates all digital payment methods offering convenience to customers and also allowing merchants to accept any form of digital payment," TCS President Growth Markets Ravi Viswanathan said. "The Merchant Pay platform will effectively integrate with va...