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. via Amazon have increased from $86 billion in 2014 to $339 billion in 2019. billion in Q2 2019.

Consumer 99

Consumer Accounts Continuity Checks 99

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. percent in 2019. percent in 2019. trillion, up $87 billion, a 0.6 percent increase over Q2.

Credit Cards 124

Credit Cards Consumer Federal Reserve Fed 124

Payments Source

JANUARY 2, 2019

As consumers grow more attached to mobile devices for e-commerce and payments, fraudsters are intensifying their focus on handsets with new phishing, vishing to SIM-swap tricks.

Phishing 156

Phishing Security Consumer Payments 156

PYMNTS

APRIL 9, 2020

“What was once a checkout button has been transformed into a financial services and commerce platform driven by a mission to help merchants and consumers join and thrive in the global economy,” the executive wrote. The note was first published in PayPal’s 2019 Annual Report. billion in revenue.

PayPal 60

PayPal Economy Accounts Technology 60

PYMNTS

DECEMBER 24, 2020

PYMNTS research on consumer shopping habits showed that 24 percent of all consumers say they have taken at least one of their routine shopping activities online and do not plan to revert to shopping in stores for this activity, even after the pandemic is over. More consumers are going online to shop and pay as the pandemic progresses.

Economy 118

Economy Consumer On-Demand Shutdown 118

FICO

DECEMBER 19, 2018

However, their functionality will become even more omnipresent in our lives as more cards migrate to consumers’ mobile phones.”. Meanwhile, Chinese consumers are already the world’s top mobile spenders by far, racking up trillions of dollars in mobile payments. It’s true that more and more Americans are adopting mobile payments.

Payments 80

Payments Mobile Payments Credit Cards Transactions 80

CB Insights

MARCH 19, 2019

Download the free report to learn about the biggest emerging trends in AI and strategies to watch for 2019. One of the top AI trends to watch in 2019 will be the growth of edge AI across applications. Look for increased investment to the sector in 2019 and beyond. GET the 84-page AI TRENDS report. Open Source Frameworks.

AI 78

AI Research Enrollments Cybersecurity 78

CB Insights

FEBRUARY 4, 2019

We analyzed signals across industries to identify the top 14 tech trends to watch in 2019. Download the free report to learn about the biggest 14 trends in tech and strategies to watch for 2019. In 2019, cross-industry collaborations should grow to better understand users and offer them more fine-tuned products. Malls are out.

Best Practices 77

Best Practices Data Breach On-Demand Governance 77

PYMNTS

OCTOBER 22, 2018

Fair Isaac, creator of the FICO credit score, will be rolling out a new scoring system in early 2019. FICO explained that consumers with at least $400 in their accounts — who have had the accounts for a while, make regular transactions and don’t overdraw — are likely to see their scores rise. Currently, a record 58.2 percent of U.S.

Consumer 95

Consumer Accounts Checks Transactions 95

PYMNTS

JANUARY 20, 2020

’Tis the season for … looking back at 2019 holiday sales trends, and figuring out what they mean for payments and commerce so far. Data from Fiserv supports that point: Brick-and-mortar retail growth during the 2019 holiday season stood at 1.4 Yet, that doesn’t necessarily mean consumers are buying fewer clothes. “I

Consumer 58

Consumer On-Demand P2P Continuity 58

PYMNTS

DECEMBER 27, 2018

Reuters, citing the European Central Bank’s regular economic bulletin, reported the European Central Bank said the global economy will stabilize after a slowdown in 2019. Looking ahead, global economic activity is expected to decelerate in 2019 and remain steady thereafter,” the ECB said, reported Reuters.

Central Bank 76

Central Bank Small Business Shutdown Economy 76

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. According to the report, the total amount of card loans in U.S. Revolving debt was down $9.4

Credit Cards 120

Credit Cards Consumer Bank Card Checks 120

PYMNTS

OCTOBER 14, 2020

When the chips are down, consumers love and trust their debit cards. consumers, regardless of whether they are shopping online or in stores, according to recent reports,” notes PYMNTS October Next-Gen Debit Tracker® done in collaboration with PULSE , A Discover Company. “One Debit cards remain the payment method of choice among U.S.

Consumer 73

Consumer Debit Card Debit Network Identity Theft 73

PYMNTS

DECEMBER 28, 2018

restaurant chains dealt with slow-growing sales and lower demand among consumers during 2018 — and more pain is expected in the New Year. restaurants are expected to face more pain in 2019 such as rising food and labor costs that will hurt profits and hamper plans to spend to grow. Because consumers in the U.S. percent.

On-Demand 61

On-Demand Consumer Technology 61

FICO

FEBRUARY 25, 2019

After a 2018 that had its highs and lows, what might 2019 have in store from a credit risk management standpoint? Here are three key developments in credit scoring that we will be keeping an eye on in the new year: Consumer-Contributed Data Takes Center Stage. We will be closely monitoring the odds-to-score relationship in 2019.

Credit Risk 63

Credit Risk Underwriting Origination Fed 63

FICO

AUGUST 16, 2021

As the UK was only just coming out of lockdown in June 2020, this rise in spend is unsurprising, but the fact that average spending was 3.5% (£23) above 2019 levels suggests that, for those who have been able to save through the pandemic, there is confidence in their future financial stability. Missed payment rates remain low. Looking ahead.

Credit Cards 52

Credit Cards Travel Rule Issuers Card Issuer 52

PYMNTS

JANUARY 15, 2020

Mobile data and analytics company App Annie released its annual report The State of Mobile in 2020 , offering a deep dive into the mobile ecosystem in 2019. Consumers downloaded a record 204 billion apps in 2019, a 45 percent increase since 2016 and up 6 percent year over year. In the U.S.,

Economy 52

Economy Continuity Product Consumer 52

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 in 2019. percent reported in 2019.

Point-of-Sale (POS) 93

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

CB Insights

FEBRUARY 14, 2019

Between the rise of F&B startups, changing consumer preferences, and moves by incumbent brands to adapt, the food & beverage industry is undergoing tremendous change. Download the free report to learn about the emerging trends taking over the food and beverage industry and strategies to watch for 2019. Plant Protein.

Blockchain 58

Blockchain On-Demand Product Automation 58

FICO

APRIL 28, 2020

The winners of the 2019 FICO® Decisions Awards can now be formally announced. The 2019 FICO Decisions Award winners have demonstrated what is possible with a clear business objective, innovative use of technology and a great partnership. We thank the 2019 judges for their help in identifying the best nominations.

Financial Inclusion 52

Financial Inclusion Fraud Detection Regulatory Compliance Non-Bank 52

PYMNTS

APRIL 10, 2020

citizens and resident aliens who are not claimed as dependents and had gross income below $12,200 ($24,400 for married couples) in 2019, according to the IRS site. The IRS said that the majority of people who filed taxes for 2018 or 2019 will automatically get Economic Impact Payments starting next week.

IRS 145

IRS Checks Social Security Consumer 145

FICO

JANUARY 6, 2020

Here are the 5 customer development posts from 2019 with the most views on the FICO Blog. Consumer Banking Predictions 2019: Four Trends to Watch. In 2019, it will become increasingly clear that these transformation projects require more than just new technology, they also require significant organizational changes.”. .

Posting 52

Posting AI Online and Mobile Banking Real Time Payments 52

PYMNTS

JANUARY 2, 2019

Following The Consumer Trend. “Mobile wallets are a convenience available to consumers — they can simply tap or scan their phone at a checkout terminal, and access their card benefits through a mobile app. We think 2019 will be a crucial year for this sector. ” What’s Next In 2019. ” .

Commercial Card 84

Commercial Card Online and Mobile Banking Payer B2B 84

PYMNTS

DECEMBER 11, 2018

Give a deep and welcoming hello to the newest form of window shopping — a consumer behavior that will help to shape retail in 2019 and beyond, and a trend that stands as an increasing part of shopping, one that promises to impact brick-and-mortar merchants as they decide how to innovate.

Online and Mobile Banking 68

Online and Mobile Banking Blockchain Venmo P2P 68

Bank Automation

AUGUST 27, 2024

San Francisco-based Wells Fargo appointed Tracy Kerrins as head of consumer technology and leader of the bank’s new generative AI team, according to a July 30 release. Kerrins, who joined Wells Fargo in 2019, has been CIO for consumer technology and enterprise functions technology.

AI 67

AI Technology Consumer Payments 67

PYMNTS

DECEMBER 28, 2018

There were plenty of tailwinds that pushed the segment forward: A strong economy, healthy consumer interest in credit and advances in credit scoring technology were all instrumental in pushing more consumers into the market, particularly in the first half of the year. The Two Faces Of Consumer Credit. That amounts to $13.2

Non-Bank 58

Non-Bank Online and Mobile Banking Push-to-Card Consumer 58

PYMNTS

JANUARY 1, 2019

Here’s a 2019 prediction that we guarantee will come true: There will be no human being or business adamantly hoping to be paid slower in 2019 than they were in 2018. When PYMNTS and Visa spoke to 2,800 consumers for the 2018 edition of the How We Will Pay study, working consumers were among the groups keenest to be paid faster.

Instant Payments 79

Instant Payments PayPal Payments Economy 79

PYMNTS

DECEMBER 31, 2019

percent of consumer retail spending in the U.S., consumer spending. consumer retail spending, and 1.9 percent of all consumer spending in general. percent as of 2019 — PYMNTS’ 2019 numbers are historic, trailing 12-month numbers based on data from Q4 2018 through Q3 2019. percent as of 2019 data.

Push-to-Card 54

Push-to-Card Consumer Federal Trade Commission Rules 54

PYMNTS

DECEMBER 27, 2018

Judging by its holiday performance and PYMNTS research, Amazon is well on its way to commanding more of consumers’ paychecks in 2019. Even before the holiday shopping season began, Amazon already commanded a growing share of consumers’ retail spending, according to The Amazon Paycheck Index from PYMNTS. Amazon Paycheck.

Consumer 53

Consumer Accounts Research Product 53

PYMNTS

MAY 20, 2019

Consumers use their smartphones to shop for everything, everywhere – including using them to help them shop in-store. What’s more, consumers who use their smartphones while shopping in-store visit them more often than consumers who don’t. percent of consumers who do say they visit brick-and-mortar shops every day or every week.

Credential 90

Credential Consumer Mobile Payments Research 90

FICO

FEBRUARY 13, 2020

2019 was a year full of innovative methods to fight fraud, and we covered these on the FICO Blog. Check out the top 5 fraud blog posts which garnered the most views in 2019. 5 Reasons Why AML is More Important Than Ever in 2019. Financial Crime Compliance Predictions 2019: Stop the Scandals! Read the full post.

Money Laundering 52

Money Laundering Posting Financial Crimes Crime 52

PYMNTS

MARCH 11, 2020

The volatile, COVID-driven stock market has had a mixed effect on the retail IPO class of 2019. Its problems started with its first earnings report in August 2019, after the company reported net losses. Chewy, which sells pet food, treats and accessories, was trading at $27.29 after going down by $0.73 at the March 10 close.

Authentication 56

Authentication Adjustments Product Economy 56

PYMNTS

DECEMBER 26, 2018

A look into 2019 does show some signs for concern, however, according to a recent report from Dun & Bradstreet. PYMNTS: What industries will be at risk for delinquencies in 2019? percent respectively in the current quarter, and are ones to watch through H2 2019. The analytics company issued its Quarterly U.S. percent, 4.8

Federal Reserve 59

Federal Reserve Agreements On-Demand Fed 59

FICO

JANUARY 7, 2020

The average FICO® Score ticked up to 706 in 2019, and the blog post where we covered the news continues to be one of the most popular posts on the FICO blog. Here are the 5 FICO® Score posts from 2019 with the most views on the FICO blog. FICO® Score hit 706 in 2019. consumers’ scores upward. FICO Score Ticks Up to 706.

Posting 52

Posting Innovation AI Risk 52

PYMNTS

MAY 15, 2019

It is the latest of conflicting economic data points that have reportedly left economists struggling to explain the mood of American consumers in 2019. Retail sales represent about one-third of consumer spending, which itself represent about two-thirds of the U.S. Retail sales were down 0.2 percent increase originally reported).

Economy 56

Economy Fed Consumer Origination 56

PYMNTS

MARCH 1, 2019

While worries about the domestic and global economies loom large, the story on the Street in early 2019 is mostly about growing forward, instead of shrinking back. Because the race goes to the swift in an increasing number of verticals, and consumers are impatient for progress. Square is building up its revenue and active users.

B2B 59

B2B SWIFT Economy Consumer 59

FICO

OCTOBER 12, 2021

For the third consecutive month pre-pandemic levels were exceeded, up £40 on August 2019. . The change in consumer behaviour over the last 12 months is also illustrated in a 25 percent increase since January 2021 in average sales on credit cards. percent, consumers missing two payments saw their average balance increase £27.

Credit Cards 52

Credit Cards Consumer Travel Rule Issuers 52