PYMNTS

OCTOBER 15, 2020

In a roundup of today’s top retail stories: The automotive market continues its comeback with a digital spin, conversational commerce is the next big pandemic-fueled trend, and Tiffany said that its preliminary sales results for August and September 2020 are positive. Automotive Continues Comeback Leading With Digital-First Tools.

Continuity 82

Continuity Economy Consumer Payments 82

FICO

AUGUST 16, 2021

Our latest FICO UK Credit Market Report looking at UK card trends for June 2021 shows that average card spend continued to increase compared to 2020. Spend on UK cards continued to increase, along with the percentage of payments. . . Cash usage continues to slowly grow but remains below pre-pandemic levels. Looking ahead.

Credit Cards 52

Credit Cards Travel Rule Issuers Card Issuer 52

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

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

APRIL 8, 2020

And new data shows that eCommerce sales will show a large increase as March earnings reports begin to emerge this week, with recent consumer spending and supply chain concerns appearing to be non-factors in growth. 200%: Minimum increase in online clothing shopping in March, compared to 2019. All this, Today in Data.

Continuity 85

Continuity Volume Transactions Consumer 85

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

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

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

JANUARY 2, 2019

While commercial card innovation certainly accelerated in 2018, progress can always continue. 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. ” .

Commercial Card 84

Commercial Card Online and Mobile Banking Payer B2B 84

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., 1 the App Store’s free apps list.

Economy 52

Economy Continuity Product Consumer 52

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

PYMNTS

JANUARY 25, 2021

25), said year-ahead total household spending growth expectations rose sharply, with a continuing rebound from the severe downturn in April as the pandemic was beginning, the release stated. If consumers had an unexpected 10 percent boost in income, 36.3 percent seen in December 2019. The study, published Monday (Jan.

Fed 71

Fed Consumer Federal Reserve Non-Bank 71

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

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

FICO

JANUARY 24, 2023

FICO’s latest market report of UK card trends suggests that consumers managed their credit card debt to keep lines of credit open for the festive season as spend increased month on month. However, a continuing trend in those missing two or three payments will be a concern for lenders. percent Year-on-year there were 14.8 percent to 39.3

Credit Cards 52

Credit Cards Consumer Payments Advisors 52

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

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

FEBRUARY 21, 2020

I jumped into the fray in 2019 by focusing on four areas of tactical concern within consumer banking that I feel bank executives will make significant progress addressing. I wrote an article in Bank Business about the big 3 consumer banking trends I see happening in 2020. How accurate were my predications?

Consumer 52

Consumer Emerging Payments Addressing Checks 52

PYMNTS

OCTOBER 23, 2020

Behind the data lie a slew of lifestyle changes and demographic shifts, which may have positive ripple effects for the SMBs that line Main Street, and bode well for consumer spending trends overall. That means that sales — from listing to closings — have accelerated, as time on the market was 22 days in August and 32 days in September 2019.

Continuity 90

Continuity On-Demand Adjustments Economy 90

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 7, 2020

By creating new divisions, the company may be training a brighter spotlight on its consumer banking efforts. Goldman said in a filing with the Securities and Exchange Commission that it had created a Consumer and Wealth Management unit. billion for the quarter that ended Sept. billion for the quarter that ended Sept.

Consumer 53

Consumer Push-to-Card Credit Cards Continuity 53

PYMNTS

JANUARY 7, 2020

By creating new divisions, the company may be training a brighter spotlight on its consumer banking efforts. Goldman said in a filing with the Securities and Exchange Commission that it had created a Consumer and Wealth Management unit. billion for the quarter that ended Sept. billion for the quarter that ended Sept.

Consumer 52

Consumer Push-to-Card Credit Cards Continuity 52

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. The average U.S.

Posting 52

Posting Innovation AI Risk 52

PYMNTS

AUGUST 20, 2020

“We mobilized our entire digital infrastructure to support the economic recovery of businesses across a wide range of sectors, while broadening and diversifying our consumer base by addressing their changing preferences in a post-COVID-19 environment,” Zhang said. The results surpassed analyst estimates of $1.99 earnings per share on $21.34

Consumer 67

Consumer Addressing Continuity Posting 67

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 . Debt Burden .

Fed 52

Fed Federal Reserve Consumer Finance 52

PYMNTS

DECEMBER 21, 2018

With a little over a week left in 2018, the brightest minds in payments and commerce are offering their last summaries on this year, and their sharpest predictions for 2019. Layered over that are new and emerging regulations that will continue to raise the bar – and expectations – particularly when it comes to consumer privacy.

Privacy 55

Privacy Adjustments Regulations Small Business 55

PYMNTS

FEBRUARY 26, 2020

Gap is the biggest partner thredUP has signed to date as it continues to expand its business model and store-within-store concept. As a platform, thredUP positions itself not only as a revenue opportunity for its partners but as a sustainable option for environmentally-conscious consumers. Last summer it raised $100 million in funding.

Continuity 52

Continuity Consumer On-Demand Economy 52

FICO

OCTOBER 12, 2021

The summer holidays and a continued reliance on pandemic savings probably contributed to a growth in average spend on cards. For the third consecutive month pre-pandemic levels were exceeded, up £40 on August 2019. . percent, consumers missing two payments saw their average balance increase £27.

Credit Cards 52

Credit Cards Consumer Travel Rule Issuers 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

OCTOBER 16, 2020

Direct-to-consumer (D2C) selling has taken wing with the ascendance of eCommerce to retail’s throne. How consumer packaged goods (CPG) brands and subscription-based businesses respond to this important trend will be make-or-break for many. percent of consumers have bought CPG through these channel.”.

Consumer 84

Consumer Shutdown Volume Product 84

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

Fintech News

AUGUST 21, 2024

How Tech and Consumer Preferences are Driving Digital Payment Adoption in Asia One of the primary catalysts driving this transformation is the pervasive influence of technological innovation. Instant Payment initiatives are flourishing to facilitate real-time transactions for both businesses and consumers all around Asia and cross-border.

Payments Trends 106

Payments Trends Digital Payments Payments Instant Payments 106

PYMNTS

JANUARY 1, 2019

But relatively high stock prices and access to more capital remain prime temptations, and there is little doubt that 2019 will bring more than few exciting — and telling — IPOs. consumer ridesharing market. An IPO reportedly could happen in the second half of 2019. Try the veal and tip your servers — we are here all week!)

Payments 89

Payments Economy Underwriting Continuity 89

PYMNTS

MARCH 4, 2020

Consumers’ appetites for plant-based food is apparently surging, as the market for those products hit a new high of $5 billion last year. Julie Emmett, senior director of retail partnerships at PBFA, called plant-based foods a continuing growth engine, up 29 percent over the last several years. which only rose 2.2

Product 63

Product Innovation Continuity Consumer 63

PYMNTS

DECEMBER 29, 2018

Ten years ago, consumer confidence had slipped to an all-time low, and consumer spending followed it down the rabbit hole. At the close of 2018, the consumer’s outlook on things is several shades brighter than it was a decade ago. Consumer confidence hit an 18-year high point earlier this year. from the year 2000.

Consumer 73

Consumer Federal Reserve NOV Advisors 73