PYMNTS

SEPTEMBER 4, 2020

The latest installment of the PYMNTS Whole Paycheck Tracker is an in-depth look at how the pandemic affected the two companies as they continued to position themselves as a fixture in overall consumer spend and overall retail spend. When it comes to Amazon’s share of consumer spending, things get a bit more complex. billion in Q2 2019.

Consumer 99

Consumer Accounts Continuity Checks 99

PYMNTS

NOVEMBER 2, 2020

“ Membership has its privileges ” was the nine-year ad campaign launched by American Express in 1987 to persuade consumers that it was worth it to pay an annual fee for one of its charge card products. A PYMNTS study of a census-balanced sample of 2,165 consumers conducted Oct. 27-28 of this year reveals that roughly 17 percent of U.S.

Consumer 98

Consumer Online and Mobile Banking Product Non-Bank 98

Payments Source

JANUARY 23, 2019

population – 115 million individuals in 2018. While these consumers may not be the first to use mobile P2P apps, they do represent a sizeable payment opportunity because of their economic purchasing power. Americans aged 50 and older represent a sizeable portion of the U.S.

P2P 137

P2P FinTech Consumer Payments 137

Finovate

OCTOBER 29, 2024

Array , an embedded consumer products platform, has agreed to acquire embedded debt guidance solutions provider Payitoff. Founded in 2018, Payitoff was born out of CEO Bobby Matson’s personal struggle to pay off “six-figure student loans and debt.” Terms of the transaction were not disclosed.

Acquirers 105

Acquirers Consumer Payment APIs and Integration Privacy 105

Payments Source

JANUARY 7, 2019

It experienced double-digit growth in 2018 as consumers migrated from one country to another in search of better economic opportunities, as well as to escape political and financial upheaval in their home countries. The market for cross-border person-to-person (P2P) remittances is massive.

Cross-Border 120

Cross-Border P2P Consumer Cross-Border Payments 120

The Fintech Times

AUGUST 12, 2024

US consumers are increasingly turning to debit cards for their everyday transactions, driving a significant surge in the number of transactions and overall spending. per cent between 2018 and 2023, highlighting the increasing reliance on debit cards as a preferred payment method. On average, active debit cardholders completed 34.6

Debit Card 64

Debit Card Consumer Debit Transaction Point-of-Sale (POS) 64

PYMNTS

AUGUST 20, 2020

The Consumer Finance Protection Bureau (CFPB) has settled with TD Bank in a case involving illegal overdraft practices, according to a court document. This went on between 2014 and 2018, the court document stated. million affected consumers covered overdraft fees through that time. The bank charged around 1.42

CFPB 105

CFPB Enrollments Debit Card Checks 105

PYMNTS

NOVEMBER 16, 2020

Consumers have cut back on travel, in-person entertainment and restaurant spend. Then they will use this newfound spending power to bring a new, vengeful spending strategy to the holiday season because, after all, the American consumer deserves a few gifts after all that they’ve been through this year. Here’s the scenario.

Credit Cards 121

Credit Cards Online and Mobile Banking Consumer Research 121

PYMNTS

NOVEMBER 30, 2020

The divide between digital and brick-and-mortar commerce hit a tipping point this holiday season, with more consumers than ever going online to kick off their holiday shopping sprees. consumers on Nov. The COVID-19 pandemic accelerated consumers’ shift to digital-first commerce. percent decrease in the share who did so in 2018.

Debit Card 128

Debit Card PayPal Credit Cards Consumer 128

FICO

OCTOBER 19, 2021

consumers from late 2018. All stats shared in that post were based on the entire consumer population that has at least one open mortgage reported in their credit file. consumers taken from July 2020 and identified those mortgages that were indicated as being in accommodation.

Consumer 94

Consumer Accounts Payment Amount Posting 94

Fintech News

MAY 14, 2024

The shift to Unified Payments Interface (UPI) has drawn consumers to faster, more convenient, and secure transactions compared to wallets, contributing to the exponential growth in personal electronic transactions. Debit card payments have seen a CAGR increase of 19% from 2018-2023.

Digital Payments 84

Digital Payments Debit Card APACS Credit Cards 84

PYMNTS

OCTOBER 19, 2020

Consumers across all age demographics have radically realigned their lives over the last eight months. Still, the 2020 edition of the PYMNTS | Visa How We Will Pay consumer survey of a national sample of roughly 10,000 U.S. consumers confirmes that consumers, in fact, have changed. The New Connected Consumers .

Consumer 132

Consumer AI Research Technology 132

Neopay

NOVEMBER 25, 2024

The UK’s financial ecosystem is evolving rapidly, and with it comes the need for robust safeguarding measures to protect consumer funds. These changes aim to address persistent issues in safeguarding practices and enhance consumer protection. This ensures clear prioritisation and protection of consumer funds during insolvency.

Consumer Protection 52

Consumer Protection Consumer Audit Compliance 52

PYMNTS

OCTOBER 27, 2020

The acquisition builds on a strategic partnership and investment made in 2018, where Visa invested in the company back then. Visa has inked an agreement to acquire YellowPepper , which works with startups in the Caribbean and Latin America, according to an emailed press release.

Acquirers 119

Acquirers Payment APIs and Integration Processors Issuers 119

Fintech News

JANUARY 10, 2024

He was co-founder of Boom Singapore, a fitness studio, from 2018 to 2023. Established in 2018, Lendela has provided over 100,000 consumers with transparent and informed loan choices, working in collaboration with more than 100 lending partners.

FinTech 86

FinTech Non-Bank Participant Posting 86

PYMNTS

AUGUST 11, 2020

million in 2018 — according to CNBC. The company’s revenues actually tripled last year, increasing 180 percent to £162.7 ($213 million) from 2018. The latest infusion of cash came from TSG Consumer Partners , a San Francisco-based private equity company. The company posted a total loss of $139.6 million (£106.5

FinTech 95

FinTech Debit Card Accounts Consumer 95

PYMNTS

DECEMBER 21, 2020

In 2018, Apple veteran Doug Field , who had worked at Tesla , returned to the project and laid off 190 people from the team the next year, Reuters reported. Since then, Project Titan has progressed, and Apple now feels confident moving forward to build a vehicle for consumers, although the plans haven't been made public yet.

Returns 132

Returns Technology Product Consumer 132

CB Insights

SEPTEMBER 1, 2020

Previous winners and highlights from the Fintech 250 class of 2018. Since 2018, Ribbit has participated in 45 deals to this cohort of companies, including to Hippo , Nubank , Upgrade , Robinhood , and BharatPe. POS & Consumer Lending. Previous winners and highlights from the fintech 250 class of 2018. Oscar Health.

FinTech 101

FinTech Participant NOV Finance 101

PYMNTS

OCTOBER 16, 2020

Even before COVID-19 hit, there was evidence of income instability brewing among American consumers. A Federal Reserve report showed that roughly 40 percent of consumers would struggle to cover an unexpected expense of $400. The same patterns were reflected in a 2018 PYMNTS study of household finances.

Federal Reserve 105

Federal Reserve Research Credit Cards Consumer 105

PYMNTS

OCTOBER 6, 2020

The nationwide survey of 9,800 consumers conducted between Aug. years, found nearly one-third of teens said they believe the economy is getting worse, up from the 25 percent reported in the fall of 2018. 19 and Sept. The data, gathered from 9,500 teens across 42 U.S. states, with an average age of 15.8

Economy 102

Economy Research Consumer 102

PYMNTS

OCTOBER 7, 2020

PYMNTS has been tracking consumer attitudes and behaviors around shopping and payment methods since mid-March, which has shown clear trend lines toward concerns about safety, shifts in digital preferences and avoidance of in-store visits. percent shopped online during Black Friday last year, which was double the 2018 number.

Volume 96

Volume Consumer Research Returns 96

PYMNTS

JANUARY 25, 2021

The relationship the government has with digital currencies has been complicated over the years, with the country’s supreme court in March overturning a blanket ban on crypto, which had affected crypto businesses there since 2018. Since then, the number of exchanges has grown in the country.

Digital Currency 127

Digital Currency Central Bank Governance Government 127

Open Banking Excellence

NOVEMBER 14, 2023

It came into full effect in 2018 and involved several key pillars: Enhanced Security : The PSD2 introduced Strong Customer Authentication (SCA) to bolster the security of digital transactions. FIDA represents a pivotal step in fostering innovation and consumer trust. Crucially, It marks a significant step towards an Open Finance world.

Non-Bank 130

Non-Bank Rules Authentication Regulations 130

PYMNTS

JULY 22, 2020

A 2018 Ipsos study found that 25 percent of people have abandoned a transaction because their preferred payments provider wasn’t available,” said Jim Magats , senior vice president, omni payments, PayPal. Consumers also want the flexibility to be able to pay when they want. But now, consumers are demanding these flexible options.

Alternative Payment Methods 97

Alternative Payment Methods PayPal On-Demand Transactions 97

PYMNTS

OCTOBER 1, 2020

Consumers and microbusinesses now get an average of two disbursements each year, excluding tax disbursements from local, state and federal governments. More than two-thirds of consumers (68.1 Among consumers, instant payments accounted for a little more than one in 10 of those disbursements (14 percent). percent as of 2018.

Instant Payments 122

Instant Payments Payee Same Day ACH Non-Bank 122

PYMNTS

NOVEMBER 12, 2020

Amazon’s prior official update was in April of 2018, when it reported more than 100 million members in the program. A PYMNTS study of a census-balanced sample of 2,165 consumers conducted Oct. consumers reported having a Walmart+ membership, just a bit more than a month after its launch.

NOV 105

NOV Volume On-Demand Consumer 105

FICO

MARCH 15, 2021

When we launched FICO’s “Score A Better Future” program in October 2018, our main goal was to continue to expand consumer credit access through financial education. These free events are designed to demystify credit and give consumers the tools – including non-profit credit counseling – to take control of their financial health.

Consumer 98

Consumer Continuity Finance Financial Literacy 98

PYMNTS

SEPTEMBER 18, 2020

consumers who make from $30,000 to $75,000 annually. Britt also noted in the report that the company is more akin to a consumer software firm than a financial institution. In addition, Pitchbook indicated that investments from non-traditional backers jumped more than 80 percent in 2018 in contrast to 2017.

Mobile Banking 105

Mobile Banking Debit Card Non-Bank ATM 105

PYMNTS

NOVEMBER 18, 2020

consumers’ cash use has declined over the last several years in terms of its share of the overall payments pie, but as consumers spend more, the pie gets bigger, and as people continue to use cash, cash usage continues to grow. The Changing Consumer. It is a warning that consumers have been increasingly taking to heart.

ATM 121

ATM Federal Reserve Push-to-Card Consumer 121

PYMNTS

MARCH 2, 2020

The bill mandates that tech firms get authorization from New Jersey consumers before collecting and selling information to third parties. This is all about consumer awareness and consumer choice,” said Rep. The legislation would affect tech companies such as Alphabet ’s Google and Facebook.

Privacy 99

Privacy Regulations Laws Agreements 99

Fintech News

OCTOBER 13, 2024

This partnership builds on PasarPolis’ collaboration with Gojek, which began in 2018, offering insurance products to Gojek’s large user base. Steven Halim “Insurance plays a crucial role in our commitment to offering consumers and our driver-partners a secure and seamless experience.

Underwriting 92

Underwriting Volume Product Automation 92

PYMNTS

OCTOBER 21, 2020

The Robinhood trading app has allowed crypto since 2018, and Square users have been able to trade in crypto for over a year. If They Build It — Do Consumers Actually Come? . But the question remains: what do consumers actually want from crypto? PayPal isn’t the first big name in tech to jump on the crypto bandwagon.

PayPal 131

PayPal Cryptocurrency Bitcoin Central Bank 131

Fintech News

AUGUST 12, 2024

The company leads the consumer finance market with over 21,000 points of sale, 16,000 employees, and more than 12 million customers. Fiin Credit: Founded in 2018, Fiin Credit is a digital finance and consumer credit system in Vietnam. The platform has served over 14 million users and offers more than 100 convenient services.

FinTech 90

FinTech Online and Mobile Banking Point-of-Sale (POS) Payment Gateways 90

PYMNTS

NOVEMBER 27, 2020

Consumers and businesses alike have long been familiar with digital payments, but both now expect smoother payment experiences as the COVID-19 pandemic’s financial impacts continue. Friction points that once proved to be minor nuisances have become legitimate financial challenges, especially for consumers and smaller businesses.

Real Time Payments 106

Real Time Payments P2P B2B Zelle 106

PYMNTS

MARCH 10, 2020

Consumer demand for digitized services has been expanding rapidly. . Since the very beginning, Alipay’s success has always depended on the success of our partners, and that is why we believe the only way to best serve consumers is to open up our platform further, so service providers can better tap into consumer demands,” Simon said.

On-Demand 99

On-Demand Service Provider Legal Consumer 99

Open Banking Excellence

NOVEMBER 9, 2023

Since Open Banking launched in January 2018, seven million consumers and businesses have used it. The adoption of account data services has lagged behind Open Banking payments, whilst the number of Open Banking use cases is limited and it has not yet entered daily or weekly usage for most consumers and businesses.

Use Case 130

Use Case API Fraud Prevention Risk 130

PYMNTS

JANUARY 7, 2021

The startup, launched in 2018 by wireless industry veterans Kevin Ross and Ahsan Naim, said it has also targeted seven other markets for future expansion as well. consumers have just a single choice when it comes to broadband providers. The company cites research showing as many as 77 percent of U.S.

Finance 97

Finance Advisors Addressing Research 97