PYMNTS

NOVEMBER 30, 2020

The Indian economy has suffered a blow due to the COVID-19 pandemic in spite of its massive 1.3 percent compared to the same time in 2019, WSJ writes. While India was once among the world’s fastest growing economies, now it’s one of those that is contracting the quickest. India’s gross domestic product has fallen 7.5

Economy 99

Economy Social Security Rules Government 99

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

JANUARY 3, 2020

Drivers in the United States purchased fewer new vehicles in 2019 than in prior years but spent more money to buy them. Research firms project 2019 U.S. Power estimates American consumers spent $462 billion on new cars and trucks in 2019, an industry record. December 2019 automotive sales are expected to have fallen 3.2%

Economy 54

Economy Research Consumer 54

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 10, 2020

When you look at what they’re spending year-to-date, they’ve spent more in 2020 than they did in 2019, and that is now across $2.7 trillion in money moved by our consumers,” Moynihan told CNBC. BoA said in October that consumer spending was up about 10 percent and loan delinquencies were dropping. . billion, down from $5.8

Debit Card 97

Debit Card Small Business Government Governance 97

PYMNTS

OCTOBER 18, 2020

The COVID-19 pandemic has produced one ray of sunshine amid otherwise devastatingly dark clouds: Consumer credit scores have improved in recent months to the point of hitting a new record high, the Wall Street Journal reported Sunday (Oct. score in July, according to the Journal, was 711 — up from 708 in April 2020 and 706 in July 2019.

Consumer 103

Consumer Push-to-Card Credit Cards Checks 103

PYMNTS

OCTOBER 27, 2020

billion for 2020’s first nine months versus the same 2019 period. Revenue within the Acceptance and Payments segments included revenue from the First Data acquisition in July 2019.). The company also raised its full-year 2020 outlook, now expecting adjusted earnings per share to grow at least 11 percent over 2019.

Economy 67

Economy Contactless Payments Adjustments Processors 67

Fintech News

OCTOBER 21, 2024

Initiatives like QRIS (Quick Response Code Indonesian Standard), a national standard for QR code payments launched in 2019, have allowed for standardization, making it easier for businesses and consumers, while collaboration between the government and fintech firms have helped enhance financial inclusion through clear regulations.

Financial Inclusion 134

Financial Inclusion Embedded Finance Payments Push-to-Card 134

PYMNTS

FEBRUARY 24, 2020

And today, 384 years later, innovators are still using time to disrupt the status quo across each of the eight cornerstones of our connected economy. Consumers increasingly use mobile phones and other connected devices and apps to make the most of the daily activities that fill those 24 hours. Yet everything has changed.

Economy 83

Economy Online and Mobile Banking Remote Deposit Capture Innovation 83

PYMNTS

JULY 6, 2020

When the digital economy started to reduce jobs in some areas and create them in others, a more robust “ gig economy ” developed. Now that the digital shift is underway in a big way, retailers need to enter a new kind of gig economy. All of a sudden, it seemed, being a free agent was cool. Side hustles were in.

Economy 64

Economy Research Consumer Returns 64

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

PYMNTS

FEBRUARY 6, 2019

We believe the underlying state of the economy is sound,” NRF President and CEO Matthew Shay said in a press release. The biggest priority is to ensure that our economy continues to grow and to avoid self-inflicted wounds. The Federation is now predicting that there will be growth in 2019 of between 3.8 percent and 4.4

Shutdown 46

Shutdown Economy Consumer Government 46

PYMNTS

AUGUST 30, 2020

Profits, the report found, were around $18 billion across both the first two quarters this year — a massive downward trend from the near $55 billion from 2019. billion, with CEO Jamie Dimon saying the purpose was to brace for the uncertain economy and people maybe not being able to pay loans back. Morgan setting aside $10.47

Consumer 82

Consumer Economy Legal Government 82

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

PYMNTS

JANUARY 25, 2021

A new study from the Federal Reserve Bank of New York shows that people expect the economy to rebound by next year, according to a press release. If consumers had an unexpected 10 percent boost in income, 36.3 percent seen in December 2019. percent in December 2019, according to the release. percent in August and 2.4

Fed 71

Fed Consumer Federal Reserve Non-Bank 71

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. The economy, as a result, grew by an annual 3.2

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

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. In 2019, the Bank of Thailand launched a regulatory sandbox initiative.

FinTech 116

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

PYMNTS

APRIL 16, 2019

Consumer loans, on the other hand, were up 3 percent, while loans to businesses picked up 4 percent year on year – both of which drove increased revenue through higher U.S. Chief Executive Brian Moynihan cited demand for credit from middle-market business, and noted that was “good news for the economy overall.” interest rates.

Zelle 61

Zelle Transactions P2P Mobile Banking 61

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. They come from all corners of the globe and many varied sectors of the economy.

Financial Inclusion 52

Financial Inclusion Fraud Detection Regulatory Compliance Non-Bank 52

PYMNTS

NOVEMBER 22, 2020

Consumers freed by a COVID-19 vaccine from the last eight months of disease-related restrictions could unleash enough spending on services such as travel and dining to drive inflation to levels not seen in years, economists told the Wall Street Journal.

Consumer 67

Consumer Fed Shutdown On-Demand 67

PYMNTS

NOVEMBER 30, 2020

A strong surge in consumer spending on retail is likely to be the main economic driver in China as the country recovers from the effects of the pandemic, the Financial Times (FT) reported. This year, FT reported, the event morphed into an 11-day spree, and consumers spent $75.8 That's a 26 percent increase from the same time in 2019.

Consumer 70

Consumer NOV Origination Economy 70

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

Fintech Finance

NOVEMBER 11, 2024

We are excited to build on our longstanding relationship with Emirates NBD to extend the benefits of our virtual card to its travel agency customers, empowering them to reap the full benefits of the digital economy,” said J.K. billion recorded in 2019. Khalil, EVP & Division President, East Arabia, Mastercard.

Visa 78

Visa B2B Cross-Border Payments Cross-Border 78

PYMNTS

FEBRUARY 5, 2020

economy $10.3 economy” and the virus, Mark Zandi, chief economist at Moody’s Analytics, told Reuters on Tuesday (Feb. million in 2019, including students, according to Tourism Economics , part of Oxford Economics. China’s outbreak of the coronavirus has triggered travel bans that could end up costing the U.S.

Economy 53

Economy SARS Government Governance 53

PYMNTS

AUGUST 10, 2020

Consumers in the United States began to feel a bit more pessimistic in July about their prospects, in the latest sign that the recovery from the coronavirus downturn may be losing steam. percent who were feeling the same way a year ago in July of 2019. On the flip side, workers are also hunkering down amid an uncertain economy.

Fed 52

Fed Consumer Federal Reserve Finance 52

Finovate

OCTOBER 1, 2024

Minna Technologies made its Finovate debut at FinovateEurope 2019. “This is significant recognition of the strength, growth, and impact of Minna Technologies in powering the global subscription economy, partnering with top-tier banks, fintechs, and subscription businesses,” Minna Technologies CEO and Chair Amanda Mesler said.

Visa 69

Visa Acquirers Technology Fraud Prevention 69

PYMNTS

DECEMBER 29, 2019

business loans and capital investment have essentially plateaued in the second half of 2019, in what experts say is a reflection of the slowing industrial economy. The general trend is related to the slowing economy, with analysts saying that the year’s decline came from contracting U.S. Trade disputes between the U.S.

Federal Reserve 53

Federal Reserve Disputes Economy Finance 53

PYMNTS

MARCH 11, 2020

The volatile, COVID-driven stock market has had a mixed effect on the retail IPO class of 2019. Americans need to feed their pets whether the economy is good or not.”. Its problems started with its first earnings report in August 2019, after the company reported net losses. after going down by $0.73 at the March 10 close.

Authentication 56

Authentication Adjustments Product Economy 56

PYMNTS

DECEMBER 29, 2020

According to Mastercard ’s SpendingPulse transactional analysis, total retail spending for 2020’s 75 days of Christmas was up 3 percent, and eCommerce sales were up 49 percent — good for the stay-at-home economy and tough sledding for department stores. Most consumers start with their phone, and then it goes wherever they want to go.

Consumer 72

Consumer Visa Ubiquitous Economy 72

PYMNTS

APRIL 8, 2019

The rise of the global sharing economy — tied to online marketplace operations — is sparking challenges related to trust, security and confidence for buyers and sellers alike. The global sharing economy stood at about $148 billion in 2014 (certainly nothing to sneeze at), and will balloon to $335 billion by 2025, less than six years away.

Economy 78

Economy Payments Authorization Verification 78

PYMNTS

DECEMBER 30, 2019

This year, eCommerce innovators welcomed consumers who wanted to rent — instead of own — their wardrobes, with clothing rental startups growing their reach through the help of new offerings and partnerships. Consumers can look through selections that get refreshed weekly with the subscription. The ‘Airbnb’ of Clothing Rentals.

Economy 53

Economy Returns Continuity Use Case 53

Clearly Payments

OCTOBER 7, 2024

The COVID-19 pandemic has reshaped industries and economies worldwide. As lockdowns and social distancing measures took effect, consumers were forced to adopt digital channels for shopping and payments, leading to a significant rise in e-commerce. billion in 2019. in 2020, reaching $4.28 billion in 2022, up from $7.5

Cross-Border 89

Cross-Border Processors Multi-Currency Contactless Payments 89

PYMNTS

NOVEMBER 25, 2020

Consumer spending in the U.S. The consumer price index went up 1.2 percent in October from 2019. The economy overall has been rebounding due to elevated consumer spending, which accounts for more than two-thirds of economic activity in the U.S. percent in October while household income declined 0.7

Consumer 56

Consumer NOV Economy Accounts 56

PYMNTS

JULY 29, 2020

Zelle has become an everyday essential for consumers who need to send and receive money fast,” said Lou Anne Alexander, Early Warning’s chief product officer, in the release. In January, before the pandemic, Zelle reported its payments increased 76 percent year over year in the fourth quarter of 2019. billion using Zelle.

Zelle 56

Zelle Consumer Payments Enrollments 56

PYMNTS

DECEMBER 24, 2019

And 2019 was no exception. Banks are where consumers keep their money. Grocery stores are where consumers shop and buy their food. Gas stations are where consumers pull in and fuel up their cars. Banks historically, like grocery stores or gas stations, have always assumed that customers would just come to them.

Payment APIs and Integration 53

Payment APIs and Integration Credit Union Online and Mobile Banking Payments 53

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