PYMNTS

NOVEMBER 9, 2020

percent in 2019, its lowest rate in a decade since the FDIC first began tracking this statistic in 2009. Another FDIC report found that 31 percent of American consumers are now using peer-to-peer (P2P) mobile wallet apps, for example. This represents a noted reversal from trends of the past decade.

On-Demand 81

On-Demand FDIC Push-to-Card P2P 81

PYMNTS

MARCH 18, 2019

recently fell to the lowest rate since the 2007-2009 financial crisis, but a new product launch from JPMorgan Chase & Co. The financial institution on Monday (March 18) “began offering checkless accounts with access to its mobile app, branches and ATMs for $4.95 The percentage of unbanked people in the U.S. In 2017, 6.5

Consumer 70

Consumer Online and Mobile Banking FDIC Checks 70

PYMNTS

AUGUST 22, 2016

Which is a bit of a problem, since there are objectively fewer banks now than there were even five years ago. According to the FDIC, banking branches are at their lowest level in a decade with only 93,283 left open. Physical banks reportedly hit their peak in 2009 and have declined 6 percent since then.

FDIC 41

FDIC Consumer Online and Mobile Banking ATM 41