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- Consumers may be ready to pull back from using credit cards if a survey from Auriemma Consulting Group is correct. Only 14% plan to increase their borrowing on credit cards in 2018, compared with 28% who said so in 2017. “Increased spending around the holiday season is normally predictive of greater consumer confidence and increased spending overall,” said Jaclyn Holmes, director of Auriemma’s Payment Insights practice, in a press release. “But these results show that merchants will need to be aggressive to court increased spending in 2018.”
- Sterling Payment Technologies, a unit of EVO Payments International, said it is offering a semi-integrated EMV point-of-sale service to users of Osprey Retail Systems, a POS software developer.
- Online-payments provider Stripe, founded in 2010 by Irishmen Patrick and John Collison and based in San Francisco, intends to build a “major” engineering center in Dublin to develop new technologies for the company.
- The Ralph’s grocery chain, a unit of The Kroger Co., said it will introduce its “Scan Bag Go” checkout service at 30 stores in Southern California this year, starting Feb. 21 at the Ralph’s in Studio City. The service allows customers to scan products with a handheld scanner provided by Ralph’s or with a Ralph’s app on their smart phones. The service will operate in addition to traditional checkout lanes.
- Epson America Inc. said its Omnilink TM-T88VI point-of-sale printer has been selected by Trec2gp, a vendor of Web-ordering solutions, to manage orders coming from customers’ smart phones and tablets.
- After a brief rally on Friday, Bitcoin resumed sinking over the weekend, losing 22% of its value from early Saturday to early Monday. The cryptocurrency stood just shy of $7,300 by mid-morning, its lowest price since Nov. 15. Major banks, including Bank of America, JPMorgan Chase, and Lloyds Banking Group, have banned the purchase of Bitcoin with credit cards.
- The stocks of 28 electronic payment processors tracked by investment firm Barrington Research Associates Inc. posted a mean return of 8.31% in January compared with 7.36% for the NASDAQ Composite stock-market index, 5.79% for the Dow Jones Industrial Average, and 5.62% for the S&P 500 Index.
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