Tuesday , January 16, 2018

Consumers Using More Revolving Credit and other Digital Transactions News briefs from 12/8/17

  • Consumer revolving credit jumped 9.9% on an annualized basis in October, seasonally adjusted preliminary data from the Federal Reserve show. Revolving credit outstandings, most of which are credit card debt, hit $1.01 trillion, up 5.9% from $955.3 billion in October 2016.
  • PayCargo LLC, an online-payment platform that allows shippers and carriers to settle invoices overnight, has agreed to work with Cargo Network Services Corp. to offer the PayCargo-CNS System, a payment platform for imports into the United States.
  • Visa Inc. said consumers will be able to use Visa Checkout to purchase Team USA apparel from the Olympic and Paralympic Winter Games PyeongChang 2018. During the broadcast of the games, NBC will direct viewers to a site when they browse and buy gear.

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