PYMNTS

DECEMBER 15, 2017

How shall 2017 go down in the history books? Search Google for “2017: the year of…” and it becomes clear that many have seen this as a year of “death” and “disaster.” Still others decided not to get philosophical about it at all, searching merely for “2017: the year of the rooster” or “the year of our Lord.”.

Alternative Payment Methods 81

Alternative Payment Methods eWallet Payments Data Breach 81

PYMNTS

NOVEMBER 15, 2020

consumers have been paying down payments on credit cards with the pandemic continuing to hamper spending opportunities, which has led to dramatically falling bank card loans, The Financial Times (FT) reports. billion in August compared with July, which is the lowest level since 2017. Revolving debt was down $9.4 That same month , J.P.

Credit Cards 120

Credit Cards Consumer Bank Card Checks 120

PYMNTS

NOVEMBER 3, 2020

consumers across demographics and geographies for months about how their lives have changed (or not) since the pandemic began. And we’ve asked them how they envision what their lives as consumers will be when the pandemic is over. Many consumers are increasingly shopping using voice assistants while doing other activities.

Consumer 136

Consumer Posting Volume PayPal 136

PYMNTS

DECEMBER 22, 2016

2017 looks like it’s shaping up to be a solid year. Between consumer confidence trending upward and more people spending — and racking up some debt — retailers are slated to be pleased when the ball drops and the confetti settles. Consumers want technology while shipping. Chatbots are happening, and consumers don’t mind.

Bots 70

Bots Consumer Automation Checks 70

PYMNTS

NOVEMBER 18, 2020

According to the Fed’s latest quarterly report on household debt and credit, overall consumer debt hit $14.35 August was the six month in a row that saw a drop in consumer credit card balances, the lowest level since 2017. trillion, up $87 billion, a 0.6 percent increase over Q2. Mortgage debt hit $9.86 percent compared to 5.39

Credit Cards 124

Credit Cards Consumer Federal Reserve Fed 124

FICO

DECEMBER 19, 2016

The good news is that businesses and consumers are also much more aware of cyber threats than they were 12 months ago, and that’s the jumping off point of my cybersecurity predictions for 2017. Consumers will care a lot more about the security of the companies they do business with. That’s the bad news.

Office of the Comptroller of the Currency 82

Office of the Comptroller of the Currency Cybersecurity Identity Theft Compromise 82

The Paypers

JANUARY 24, 2018

million UAE consumers lost approximately USD 1.05 billion to cybercrime in 2017, according to statistics from Norton by Symantec. (The Paypers) A total of 3.72

Consumer 34

Consumer 34

PYMNTS

JANUARY 3, 2017

In the retail space, experts say the chatbot may be one of the best things a merchant can add in 2017. Brands should be aiming to create affinity between themselves and their consumer base. When a relationship is already in place, consumers will be better primed to purchase products or services from the brand in the future,” says Baum.

Bots 63

Bots Consumer Product Facilitators 63

PYMNTS

OCTOBER 4, 2016

The member of the two groups include representatives of financial institutions, consumer groups, payment service providers, fintech firms, businesses, and government agencies. The first part is planned for release in January 2017. This first part of the report will explain how the consumer can benefit from a faster payments system.

Federal Reserve 73

Federal Reserve Faster Payments Payments End User 73

PYMNTS

OCTOBER 5, 2020

Americans consume roughly 13 billion quarts of popcorn every year, roughly 30 percent of that at the movies. Well, that was back when theatres were open, before COVID, and going to the movies was a regular part of a consumer’s routine. consumers, as well as the behavior of a sample of Main Street business owners. 10 and Sept.

Consumer 122

Consumer Volume Continuity Returns 122

Payments Source

NOVEMBER 29, 2017

With the holiday shopping season, there is an inevitable dark side — an increase in transactions means an increase in fraud. This is to some extent the cost of doing business; fraud will always be a percentage of overall transaction volume.

Consumer 62

Consumer Volume Transactions Data Security 62

FICO

FEBRUARY 10, 2023

Home Blog FICO Consumers Prioritize Mortgage Payments Over Auto What are the drivers behind this mortgage and auto loan payment hierarchy behavioral shift and is it likely to be a lasting trend? Consumers could avoid delinquency on their credit accounts by requesting a payment accommodation due to hardship caused by the pandemic.

Consumer 52

Consumer Payments Correspondent BNPL 52

FICO

NOVEMBER 30, 2016

Suffice it to say that in 2017, I believe that analytics, and the many domains it influences, will be a non-stop hit machine in terms of generating news headlines and ideas that fascinate us. In light of the recent Dyn attack , will 2017 be the year that your IoT device will turn on you? Cheers to 2017! million hits.

AI 108

AI Compromise Risk Assessment Assessments 108

PYMNTS

JANUARY 16, 2018

That’s according to new data from payments company ACI Worldwide , which found that along with the fraud increase, overall online transactions also jumped 19 percent from Thanksgiving to the end of 2017.

Risk Management 58

Risk Management Transactions Volume Security 58

Payment Savvy

AUGUST 27, 2020

It is not a surprise that consumers today are making more online payments than ever before. Interestingly enough, research by PWC found that the number of consumers making mobile purchases increased from 7% to 17% from 2010-2017. Thus they are the most common payment method consumers use for paying online. Credit Cards.

Consumer 52

Consumer Online and Mobile Banking Direct Deposit Payments 52

PYMNTS

FEBRUARY 22, 2018

Hackers who used to amuse themselves stealing credit cards have raised the level of their identity theft game such that 2017 was a record year — 16.7 billion successfully lifted in 2017, the highest amount in four years. Consumers play a very central role in protecting their own identities. That fraud run saw $16.8

Identity Theft 56

Identity Theft Account Takeovers Push-to-Card Social Security 56

PYMNTS

SEPTEMBER 5, 2018

It was a good holiday season for online retailers in 2017 — particularly Amazon. percent year-over-year during the 2017 holiday season to $108 billion. Nearly 85 percent of holiday sales were in physical stores in 2017. According to Gartner, online retail sales rose 14.7 Amazon was the big winner in that increase.

On-Demand 43

On-Demand Consumer Product 43

FICO

DECEMBER 14, 2016

Let us move on to 2017. Despite consumer confusion and high levels of market fragmentation, the payments landscape is going to get a lot messier–– brand-specific payment apps seem to be the next big wave—before any kind of front runner(s) emerge. Put another way: There’s no way I won’t be swiping my payment card in 2017.

EMV 80

EMV FinTech Chip Cards Office of the Comptroller of the Currency 80

PYMNTS

MARCH 1, 2017

Christmas may be the most wonderful time of the year – for most consumers and retailers – but this year it seems the holidays were less merry and bright than would have been ideal over at Target Corporation. a share in 2017, a notable step-off from from $5.37 The retailer is predicting earnings of $3.80

Consumer 51

Consumer Continuity Accounts 51

PYMNTS

FEBRUARY 10, 2017

The outlook isn’t stellar either, as Moody’s projects the sales decline for department stores to continue into continue in 2017. But leaner inventory levels and other efforts to boost earnings don’t appear to be sufficient, and as a result, we have lowered our 2016 forecast and become more cautious on 2017.”. “But

Origination 46

Origination Returns Continuity Research 46

PYMNTS

JANUARY 2, 2019

Consumer debt is at a record level — but in terms of handling it, there are no signs that Americans are struggling, reported The Wall Street Journal. The increase in consumer debt comes at a time when the levels of mortgage debt are close to where they were right before the last turndown in the housing market.

Consumer 52

Consumer Credit Cards Federal Reserve Economy 52

PYMNTS

JANUARY 3, 2017

Rather than providing what he described as a horoscope for 2017, Le Moal instead shared his perspective on some of the biggest trends observed in 2016 and how they will shape the developing payments landscape now that 2017 is here. Hello 2017! Prediction #1: Disruption. Prediction #3: Funding and Valuations.

Alternative Payment Methods 45

Alternative Payment Methods Push-to-Card Interoperability Digital Payments 45

PYMNTS

DECEMBER 21, 2018

Non-cash payment activity, as measured in the United States, gained ground in 2017 year over year, according to the Federal Reserve’s triennial payments press release on Thursday (Dec. There remains a decline in check payments, which the Fed noted was off during the 2017 period, year on year by 4.8 percent by value from 2016 to 2017.

Fed 49

Fed Debit Card Federal Reserve ACH 49

Payments Source

APRIL 8, 2021

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Consumer 65

Consumer Federal Reserve Credit Cards Economy 65

FICO

NOVEMBER 10, 2020

Many of the world’s leading banks and card issuers trust our Falcon Platform , which protects more than two-thirds of the world’s credit card and debit card transactions from fraud, as well as other forms or real-time payments and consumer banking funds transfers. Consumers Want to Be Involved.

Credit Cards 98

Credit Cards Consumer Card Issuer Issuers 98

PYMNTS

DECEMBER 31, 2016

As PYMNTS puts away our party noisemakers until next year and throws out our novelty New Year eyeglasses, never to be worn again, we realize that the time is nigh — resolution season 2017 has begun! Here are our 2017 resolution recommendations for our favorite key players this time around. Until mid-February, at least. Oh, chatbots.

Compromise 43

Compromise Breach Security Data Breach 43

PYMNTS

OCTOBER 19, 2020

“As the COVID-19 pandemic is accelerating the digitization of consumer lifestyles and enterprise operations, this commitment to Sun Art serves to strengthen our New Retail vision and serve more consumers with a fully-integrated experience,” said Daniel Zhang , director and CEO of Alibaba. What’s Next.

Consumer 68

Consumer Innovation SWIFT Agreements 68

PYMNTS

SEPTEMBER 16, 2019

That is just one of five critical findings highlighted in How We Will Pay 2019 , a PYMNTS, Visa collaboration examining how consumers use a wide range of connected devices to shop and make purchases. consumers who documented their shopping and purchasing experiences over a seven-day period in mid- to late-July of 2019.

Consumer 75

Consumer Use Case On-Demand FinTech 75

PYMNTS

JUNE 6, 2017

Former First Lady Michelle Obama made a surprise appearance at Apple’s Worldwide Developer Conference (WWDC 2017) today (June 6, 2017). Here are some of the inspirational words Michelle Obama shared with attendees at WWDC 2017, according to reports: “If someone says they got here by themselves, they’re lying.”

Consumer 46

Consumer 46

PYMNTS

APRIL 11, 2018

2017 marks another significant achievement in the evolution of the ACH Network, as transaction volume was exceptionally strong and Same Day ACH was made fully available,” said NACHA Chief Operating Officer and General Counsel Jane Larimer. The network saw an increase in all transactions for 2017, including a 5.6

ACH Network 44

ACH Network ACH Same Day ACH Transactions 44

PYMNTS

APRIL 6, 2020

Among its many profound impacts, the COVID-19 pandemic has dramatically altered how consumers shop. Even before large-scale stay-at-home policies went into effect, most consumers sought to limit direct contact with people and objects as much as possible when they went out. percent reported Walmart Pay usage. percent reported in 2019.

Point-of-Sale (POS) 93

Point-of-Sale (POS) Consumer Shutdown Contactless Payments 93

PYMNTS

FEBRUARY 14, 2018

Thanks in part to a rising number of mortgage loans, the debt levels of Americans increased during the last three months of 2017. For November , the Federal Reserve reported that outstanding consumer credit rose by $27.95 But while consumer credit rose, consumer confidence declined in December, dropping to a score of 122.1

Federal Reserve 44

Federal Reserve Non-Bank Adjustments Credit Cards 44

PYMNTS

NOVEMBER 17, 2020

Consumer intention is still there. InTime was acquired by Alibab a in 2017. Shoppers in China are making up for lost time, throwing money at luxury goods and cosmetics amid the COVID-19 pandemic, according to a CNBC report on Tuesday (Nov. Founded in 1998, the company went public in 2007 and listed on the Hong Kong Stock Exchange.

Consumer 72

Consumer NOV Procedures Facilitators 72

PYMNTS

OCTOBER 10, 2016

Macy’s is going to China — digitally speaking — with the 2017 launch of a Chinese eCommerce portal in the largest eCommerce market in the world. Chinese consumers want to know many details, while U.S consumers only want to check out quickly,” Jones said. “We

Checks 73

Checks Consumer Product Posting 73

PYMNTS

JUNE 23, 2017

To help learn more about consumer spending, the Chinese government has put together a way to gauge consumer spending in these commerce areas. percent | Amount of consumption contributing to economic expansion in Q1 2017. percent | Convenience store expansion increase for Q1 2017.

Consumer 59

Consumer Economy Government Governance 59

PYMNTS

MAY 9, 2017

Mobile payments using biometrics to authenticate the user is forecasted to reach close to $2 billion in 2017, up from $600 million last year, according to new data from Juniper Research. Android Pay and Samsung Pay helped drive adoption further with their own biometrics capabilities, noted the report.

Mobile Payments 55

Mobile Payments Online and Mobile Banking Authentication Payments 55