PYMNTS

MARCH 3, 2017

eCommerce has undoubtedly had a significant impact on the way people buy their products and services over the last few years. To show how much eCommerce has impacted shopping, 1010data released its 2016 Online Consumer Packaged Goods (CPG) Industry Report this week.

Consumer 40

Consumer Research Product 40

PYMNTS

JANUARY 3, 2020

Ritual , a vitamin-on-subscription service, is riding the wave of the increasing popularity of vitamin products for younger, more connected consumers. Aside from making its offering transparent and appealing, the company’s goal is to build its product into a consistent consumer habit. All this, Today in Data.

Consumer 52

Consumer Product Payments 52

Fintech News

JUNE 10, 2024

In his new role, Maloney will focus on enhancing UOB Thailand’s digital capabilities, expanding product offerings, and connecting clients to market opportunities within Thailand and across UOB Group’s regional network. Tan joined UOB in 2012 as Head of Group Credit (Retail) and became CEO of UOB Thailand in 2016.

Card Issuer 108

Card Issuer Compliance Government Governance 108

PYMNTS

JANUARY 27, 2021

But for consumers, as noted by PYMNTS research, more than half of subscribers rank saving money among the top three reasons for considering buying subscription bundles. Case in point: as Minna Technologies has noted, the average European consumes has 11 subscriptions in place — and the average household has 21 subscriptions.

Consumer 72

Consumer Technology Push-to-Card Blocks 72

PYMNTS

DECEMBER 13, 2016

According to DynamicAction’s Retail Index: Holiday 2016 , retailers have increasing their promotions and offers by 52 percent this holiday season. By analyzing more than $8 billion in consumer transactions globally, the index found that more retailers are turning to deals, discounts and rewards than in previous years.

Consumer 74

Consumer Product Transactions Process 74

PYMNTS

SEPTEMBER 29, 2020

The Fed’s latest Survey of Consumer Finances might come with a caveat: The data measure a period that may seem long ago and far away — the time before COVID, of course. At a high level, noted the Federal Reserve, between 2016 and 2019, real gross domestic product grew at an annual 2.5 Overall, 98.7 Online Banking .

Fed 52

Fed Federal Reserve Consumer Finance 52

PYMNTS

DECEMBER 30, 2016

PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. Payments 2016: The Year Of The “Ecosystem,” Redefined.

Multifactor Authentication 56

Multifactor Authentication Point-of-Sale (POS) Payments Authentication 56

PYMNTS

JANUARY 28, 2019

Amazon wants to get more exclusive — and it wants other companies to help with that effort by developing product lines meant to be sold only via the eCommerce operator. That move comes as Amazon has had trouble wooing some direct-to-consumer brands. Private-label products provide a big opportunity, whether with Amazon or without.

Product 58

Product Consumer Research Continuity 58

PYMNTS

DECEMBER 30, 2016

Consumers flocked to online and mobile commerce , robots rose in food and consumer goods , and brick-and-mortar stayed relevant with retail experimentation — pop – ups , flash sales , store-in-store and showrooms. In 2016, I believe that physical retail may be facing its own ‘Kodak moment,’” wrote Karen Webster.

EMV 49

EMV Visa Alternative Payment Methods Multifactor Authentication 49

Fintech News

JULY 15, 2024

Since its launch in November 2016 as a joint venture between Yoma Bank and Telenor Group, Wave Money has significantly expanded its services and network, covering approximately 89% of Myanmar by November 2020. MO offers various products catering to both business-to-business (B2B) and business-to-consumer (B2C) markets.

FinTech 111

FinTech Online and Mobile Banking Financial Inclusion Payroll 111

PYMNTS

DECEMBER 23, 2016

In the world of IoT, a new connected billboard may be able to tell what products shoppers are most likely to be interested in buying and pinpoint the best time to display a relevant ad for them. RADAR uses data analytics to review mobile data and more effectively target consumers based on their digital data and movements.

Consumer 61

Consumer Product Use Case 61

Finovate

AUGUST 6, 2024

This will enable Blend customers to drive digital engagement beyond the initial application capture, lowering abandonment rates and helping consumers complete applications faster. “Today consumers expect a frictionless, real-time product experience, and that starts at account opening,” Astra CEO and Co-Founder Gil Akos said.

Instant Payments 59

Instant Payments Deposit Account Payment APIs and Integration Credit Union 59

PYMNTS

FEBRUARY 3, 2020

“Jobs to be done” – a theory popularized by the late Harvard Business School Professor Clayton Christensen – is the notion that consumers don’t buy products , but they hire them to perform a task they need done. Consumers are firing brick-and-mortar retailers from the jobs they held years and decades before.

Consumer 69

Consumer Returns Rules Product 69

PYMNTS

DECEMBER 29, 2016

PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. Payments 2016: The Year Of Major Shifts in Payments. Here are three key shifts we’ve seen in 2016. We’ve Got The Technology. Where’s The Value?

Payments 50

Payments Cryptocurrency Bitcoin Innovation 50

Fintech News

JULY 9, 2024

Since its inception in 2016, Fave has facilitated over US$1 billion in transactions across Southeast Asia and India, helping consumers save over US$500 million through its loyalty programs. The company plans to continue rolling out innovative commerce products in partnership with Pine Labs.

Interoperability 91

Interoperability Payments Payments Institute Facilitators 91

PYMNTS

FEBRUARY 2, 2017

It’s well known that Amazon has dominated the eCommerce market for years, but a new report shows just how much: Slice Intelligence found that Amazon accounted for 43 percent of all online sales in 2016. The consumer packaged goods category] is proving to be a big catalyst of Amazon’s expansion.”. percent in 2012.

Accounts 60

Accounts Product Consumer 60

PYMNTS

DECEMBER 23, 2016

PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. Here is the response from Steven Cole, Senior Product Manager, EMV, Vantiv … Payments 2016: The Year Of The Chip.

CHIPS 53

CHIPS EMV Payments Contactless Payments 53

PYMNTS

SEPTEMBER 28, 2016

That is the story the CFPB is putting out today — since having been founded in 2011, the Consumer Finance Protection Bureau has handled over one million consumer complaints, a milestone they sailed past earlier this month. Credit reporting was the third-most complained about financial product.

CFPB 59

CFPB Consumer Credit Cards Returns 59

The Fintech Times

AUGUST 6, 2024

The second-largest economy in the Association of Southeast Asian Nations (ASEAN) region after Indonesia, has a gross domestic product (GDP) per capita of just shy of $7,000 per person, making Thailand a high-middle-income economy. QR codes have also become a popular payment method in Thailand.

FinTech 116

FinTech Distributed Ledger Technology (DLT) Cross-Border Cross-Border Payments 116

PYMNTS

JANUARY 10, 2019

The court said the Dash buttons, which are small, Wi-Fi-connected devices that reorder items like laundry detergent and coffee, breaks consumer protection legislation because it doesn’t give consumers enough information about the product or its price. There should be unambiguous wording, such as ‘order and pay.’”.

Laws 57

Laws Consumer Consumer Protection Rules 57

FICO

APRIL 9, 2019

Data is being used to improve all aspects of a consumer's life in our increasingly digital world. eCommerce companies use data for a number of purposes, such as to personalize the experience of users across mobile apps and the web, suggest purchases and make it easier to find high-intent products. This is a seismic shift in the system.

Innovation 66

Innovation Consumer Security Demand Deposit Account (DDA) 66

Fintech News

MAY 16, 2024

The State of Open Banking in Southeast Asia The paper notes that across Southeast Asia, financial institutions are recognizing the potential advantages of open banking, including improved customer experiences and access to innovative products. Consumer trust and awareness are other critical considerations.

Payment APIs and Integration 127

Payment APIs and Integration API Facilitators Interoperability 127

PYMNTS

NOVEMBER 4, 2016

3) new analysis that shows that, by leveraging its online shelf space to introduce new private-label products, Amazon has had success in stealing market share from established brands in a lot of product categories. times greater than the category average, consumers are more likely to buy Amazon batteries once they view them online.”.

Product 62

Product NOV Accounts Research 62

PYMNTS

MAY 28, 2020

In what appears to be an unprecedented move, a major eCommerce retailer is connecting its suppliers directly to consumers. Newegg , which is arguably the largest computer component and consumer electronics retailer, has announced a new program to help vendor partners sell directly, albeit through its platform.

Consumer 56

Consumer Use Case Business Continuity Continuity 56

PYMNTS

MARCH 18, 2019

We analyzed over 23,000 products launched by Amazon under more than 400 different brands. It is quantity vs. quality – AmazonBasics represents less than 5 percent of products launched, but more than 57 percent of sales.”. Selling cheap batteries is very different than building brands,” Kaziukenas noted.

Product 43

Product Volume Checks Continuity 43

PYMNTS

OCTOBER 26, 2016

A new month, a new batch of complaints to the CFPB from consumers. This month’s spotlight player was prepaid products — and the difficulties consumers experience in their use and management. Consumers’ main issue was with unauthorized transactions — or charges they did not recognize appearing on their accounts.

CFPB 57

CFPB Consumer Disputes PayPal 57

PYMNTS

SEPTEMBER 27, 2016

About a year ago, the number of consumers searching Amazon for products was pushing 50 percent but not quite there yet — the numbers clocked in at 44 percent. consumers start their online product searches on Amazon, meaning, going into holiday 2016, Amazon is the first online stop for digital shoppers.

Product 57

Product Checks Consumer Innovation 57

PYMNTS

SEPTEMBER 7, 2016

“Around the globe, we continue to work with our bank and merchant customers to deliver new features and functionality to Masterpass that not only solve for their needs but address the issues facing the ultimate customer — the consumer. In doing so, we’ve developed a platform that’s second-to-none and unique in the market today.

Online and Mobile Banking 41

Online and Mobile Banking Issuers Visa Digital Payments 41

PYMNTS

FEBRUARY 15, 2017

As a result of being able to research anything from anywhere at any time and ordering services at the drop of a hat, consumers have turned into seekers of instant gratification who prefer personalized experiences. Given this fast consumer-driven nature, retailers can’t keep track.

Consumer 47

Consumer Research Product 47

PYMNTS

AUGUST 22, 2018

22) that it has rolled out two enhanced consumer authentication solutions, step-up authentication and identity verification, to mitigate card fraud within call centers. In a press release , Fiserv said the two new solutions expand beyond knowledge-based consumer authentication that can be vulnerable to fraud. reached $5.1

Consumer Authentication 40

Consumer Authentication Authentication Account Takeovers Consumer 40

PYMNTS

JUNE 21, 2016

“Alexa, show me who snagged the top spots in the 2016 PYMNTS/Alexa Challenge.” 2016 PYMNTS/Alexa Challenge participants included: Best Innovation Group (BIG), DaVincian Healthcare, Discover, Exa, Feasty powered by Zipscene, FIS, Fiserv, ONvocal powered by People Power, USAA, Vantiv, Visa and Western Union. And the results?

Innovation 40

Innovation Non-Bank Consumer Participant 40

PYMNTS

JULY 27, 2016

Because consumer spending is expected to be higher than anticipated in 2016, with sales growing at a rate of 3.4 Shay said factors, including the improved housing market, job and wage growth and an increasingly positive outlook on the economy by most consumers, were all helping to fuel growth and boost consumer spending.

Economy 40

Economy Consumer Continuity Product 40

PYMNTS

NOVEMBER 8, 2019

Thanks to smartphones equipped with facial and fingerprint recognition for security, many consumers now have up close and personal experience with newer forms of digital ID. Consumer Privacy Sentiment Depends on the Industry. Consumers are more amenable to giving up a little privacy for convenience, but only so much.

Privacy 48

Privacy Consumer Innovation Visa 48

PYMNTS

MAY 6, 2019

Apple’s CEO Tim Cook has continued to make the argument that the Cupertino, California iPhone maker is a consumer company, not a tech one, pointing to Warren Buffett’s investment as evidence. And so he obviously views Apple as a consumer company,” Cook said. He’s been totally clear with that.

Consumer 40

Consumer Technology Product Continuity 40

Finovate

APRIL 10, 2024

Empower also announced it closed the acquisition of Philippines-based consumer credit and lending fintech Cashalo. Empower , a fintech helping to extend credit to underserved consumers, announced plans to acquire underserved credit card provider Petal. The deal will help Empower expand into the credit card market.

Credit Cards 52

Credit Cards Underserved Underwriting Credit Risk 52

FICO

SEPTEMBER 27, 2016

FICO research consistently shows that older consumers have higher FICO® Scores than their younger counterparts. Our study revealed not only that mortgage delinquency rates rise for US consumers beyond a certain age, but that these delinquency increases were observable across other loan types. Can both of these assertions be right?

Research 89

Research Consumer Credit Cards Returns 89

Finovate

JUNE 13, 2024

“This partnership provides our customers options for deposit switching solutions and is paramount to helping them achieve their goals,” said Lumin Chief Product Officer Sean Weadock. Because Pinwheel is a Consumer Reporting Agency (CRA), financial institutions can legally use the income and employment data for credit decisioning.

Direct Deposit 59

Direct Deposit Payroll Credit Union Underwriting 59