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. This is what we learned. It is also 27.1

Debit Card 128

Debit Card PayPal Credit Cards Consumer 128

PYMNTS

DECEMBER 20, 2018

Dynamic pricing promises to keep making strides in 2019, with vendors updating their repricing software (“repricing” is another term for “dynamic pricing”), and online sellers engaging in increasingly fierce competition to win the buy box. Dynamic pricing promises to keep more consumers shopping on Amazon. Amazon now accounts for 2.1

NOV 62

NOV Best Practices Product Research 62

PYMNTS

NOVEMBER 13, 2020

Consumer Financing Satisfaction Study. Consumers and Banks Both Like Online Auto Loans. Consumers are apparently so glad to dump the back-office haggle between dealer and bank that roughly one-third of car buyers are now doing the loan process online, J.D. Power, said in releasing the J.D. Power 2020 U.S.

Consumer 85

Consumer On-Demand Origination Enrollments 85

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

PYMNTS

DECEMBER 3, 2019

It is a system that mostly works out for retailers, but for the 12 times in the last 80 years that were like this year (2019), when Thanksgiving fell on the latest possible date it can be in November — the dreaded 28th. The Sky Is Falling .

Consumer 55

Consumer On-Demand Caps NOV 55

PYMNTS

NOVEMBER 12, 2020

Amazon said on Thursday (Nov. Amazon launched its Key In-Garage Delivery service in early 2019 in an effort to thwart package theft by so-called “porch pirates.”. A PYMNTS study of a census-balanced sample of 2,165 consumers conducted Oct. That compares to 68 percent of consumers who reported belonging to Amazon Prime.

NOV 105

NOV On-Demand Volume Consumer 105

PYMNTS

NOVEMBER 25, 2020

Consumers have already spent $62.5 Even before Thanksgiving, shoppers are seeing Black-Friday-like discounts on gift items,” Taylor Schreiner , director of Adobe Digital Insights, said Wednesday (Nov. Retailers certainly hope consumers will be shopping early so that their purchases can be shipped and delivered in time.”.

NOV 87

NOV Consumer Accounts 87

PYMNTS

NOVEMBER 25, 2020

Consumer spending in the U.S. percent, according to a report released by the Bureau of Economic Analysis (BEA) on Wednesday (Nov. The consumer price index went up 1.2 percent in October from 2019. The Consumer Confidence Index fell in November after holding steady in October. The core price index went up 1.4

Consumer 56

Consumer NOV Economy Accounts 56

PYMNTS

DECEMBER 16, 2020

The launch will expand DraftKings’ presence in convenience stores like 7-Eleven, Speedway, Dollar General, and Sheetz, and also enable consumers to gift the DraftKings experience to others in $25 and $50 denominations. DraftKings reported on Friday (Nov. DraftKings announced on Wednesday (Sept.

Payer 92

Payer B2C NOV Payments 92

PYMNTS

NOVEMBER 4, 2020

Thursday’s (Nov. Its cloud computing revenue grew 59 percent over 2019. Investors will focus on Alibaba's annual active consumers in China,” said Investopedia. The more active consumers Alibaba attracts, the more the company is able to generate advertising revenue from those merchants. 1) through Tuesday (Nov.

NOV 75

NOV Consumer Small Business Government 75

PYMNTS

DECEMBER 21, 2020

You can see it in how investors are putting money to work in both consumer-facing and B2B startups, and how startups and incumbents are forging new partnerships to move innovation faster to market. Source: PYMNTS.com longitudinal study of over 40,000 consumers (data from the most recent panel on Nov. consumers — 47.2

CHIPS 91

CHIPS NOV Online and Mobile Banking Contactless Payments 91

Fintech News

JANUARY 7, 2024

This infrastructure, which was launched in 2019, has considerably helped boost digital payment usage, with Doku reporting a fourfold increase in e-money transactions on its platform in 2022, compared with 2021. By 2030, that value is forecasted to stand in the US$210-360 billion range, according to the e-Conomy SEA 2023 report.

Financial Inclusion 122

Financial Inclusion Innovation Payments NOV 122

PYMNTS

OCTOBER 30, 2020

This year’s mega event is being looked at as a way to measure how formidably consumer demand is rallying in China in the midst of indications that a rebound in household spending has begun widening. In addition to its usual Nov. 11 shopping period that lasts for 24 hours, the company will also provide a new time between Nov.

NOV 56

NOV Cross-Border Consulting On-Demand 56

PYMNTS

NOVEMBER 20, 2019

Consumer spending shows mixed demand as the holiday shopping season gets underway, The Wall Street Journal (WSJ) reported on Tuesday (Nov. TJ Maxx and HomeGoods showed a 4 percent increase in sales in the quarter that closed Nov. 2 and upped profit forecasts through the end of 2019. showed strong foot traffic. “The

Consumer 41

Consumer NOV Enrollments Advisors 41

PYMNTS

NOVEMBER 15, 2019

This year, Thanksgiving lands on Nov. Per Adobe, this holiday season consumers will spend 20 percent more with their smartphones than last year, for $14 billion in total, accounting for 36 percent of all online sales. Concerning retailer apps, mass merchants have the best likelihood of consumer downloads. Nearly half (46.3

Consumer 51

Consumer NOV Product Technology 51

Fintech News

JANUARY 21, 2024

The travel payments industry is undergoing a profound transformation, driven by the rise of fintech, evolving consumer preferences and changing market dynamics. Traditionally, travel agencies mainly served as intermediaries, transmitting consumer payment details to various service providers in an individual’s travel itinerary.

FinTech 107

FinTech Payments Visa B2B 107

PYMNTS

NOVEMBER 30, 2020

consumers are expected to spend $12.7 billion today, a 35 percent bounce over 2019, according to Adobe Analytics. said Michael Brown, a partner in Kearney’s consumer products and retail practice. Then, the issue became product availability: Was it in stock, and could companies really ship the items that the consumer had ordered?

NOV 60

NOV Consumer Research Product 60

PYMNTS

NOVEMBER 10, 2020

We are sure that this strategic partnership supported by investment and the power of Grab's technology will strengthen LinkAja's services in providing effective solutions to provide access to finance and the economy for the Indonesian people,” Haryati Lawidjaja, president director of LinkAja said in a statement on Tuesday (Nov.

FinTech 81

FinTech eWallet Financial Inclusion NOV 81

PYMNTS

NOVEMBER 10, 2020

“The combined Bluefin/PAAY solution set is as close as we can get to a silver bullet in payment security for eCommerce transactions,” Ruston Miles , co-founder and chief strategy officer at Bluefin, said in a statement on Tuesday (Nov. Cyberattacks have jumped 273 percent in the first quarter of this year over the same period in 2019.

Transactions 93

Transactions Security Encryption CCPA 93

PYMNTS

JANUARY 14, 2021

PSCU’s Data & Analytics and Advisors Plus workforces collected and examined information from credit unions that harnessed PSCU for credit and/or debit processing during the 2020 and 2019 holiday seasons to calculate the 2020 holiday data. Purchases between Nov. The two weeks leading up to Thanksgiving, which spanned from Nov.

Volume 62

Volume Credit Union Credit Union Service Organization NOV 62

PYMNTS

NOVEMBER 13, 2020

To that end, DoorDash filed its IPO prospectus – officially known as an S-1 filing – with the Securities and Exchange Commission (SEC) on Friday (Nov. The company said in its filing that it has 18 million consumers, 390,000 merchants and one million “Dashers” in its ecosystem. DoorDash said that U.S.

On-Demand 97

On-Demand NOV Consumer Continuity 97

PYMNTS

NOVEMBER 14, 2018

Chase said Wednesday (Nov. 14) that it is rolling out tap-to-pay functionality across its Chase Visa card portfolio, an initiative that will begin late this year and extend into 2019. Chase , the consumer banking arm of JPMorgan Chase & Co., Outside the U.S.,

Credit Cards 57

Credit Cards NOV EMV Contactless Payments 57

PYMNTS

NOVEMBER 19, 2020

Silicon Valley buy now pay later (BNPL) payments startup Affirm filed an initial public offering (IPO) for a Nasdaq listing, Affirm said in a statement on Thursday (Nov. Affirm partners with more than 6,500 merchants, and approximately 64% of its BNPL loans were from repeat consumers in 2020. billion in April 2019.

BNPL 73

BNPL PayPal Underwriting NOV 73

PYMNTS

DECEMBER 16, 2020

percent from the same period in 2019. . percent from November 2019, while food services and drinking places were down 17.2 percent from November 2019, while food services and drinking places were down 17.2 Consumer spending in the report dated Oct. Census Bureau report released on Tuesday (Nov. percent to down 0.1

NOV 61

NOV Consumer Economy 61

PYMNTS

OCTOBER 28, 2020

The majority of Chinese consumers surveyed by AlixPartners – a formidable 57 percent – say they will buy fewer American brands and products on Singles Day come Nov. And so as there is no mistaking the message Chinese consumers are sending, 62 percent say it is patriotism, not pocketbook issues, that is driving the decision.

Cross-Border 46

Cross-Border Consumer NOV Product 46

PYMNTS

NOVEMBER 26, 2019

lost bank branches between 2012 and 2017, with rural areas feeling the brunt of the closures, according to research from the Federal Reserve released on Monday (Nov. Research for the report was collected at listening sessions between July 2018 and January 2019 at regional Fed banks nationwide. Earlier this month, the U.S.

Federal Reserve 83

Federal Reserve Online and Mobile Banking Small Business Fed 83

PYMNTS

NOVEMBER 20, 2020

Wearable device sales have shot up at least 30 percent this year as consumers looked to technology to help them monitor their health during the ongoing global pandemic, according to a top Samsung executive. Samsung will continue to invest in these advanced technologies.”. Samsung will face strong competition from Apple. Apple shipped 30.7

NOV 60

NOV Contactless Payments Visa Digital Payments 60

PYMNTS

DECEMBER 1, 2020

That might be a harsh characterization for a day in which consumers spent $10.8 27 through Nov. billion reported for Black Friday/Cyber Monday weekend in 2019, a record that was broken by the end of the day Saturday. 23 through Nov. 30, sales increased by 84 percent from 2019. Cyber Monday spending rose 15.1

NOV 61

NOV Origination Gateways Consumer 61

PYMNTS

NOVEMBER 3, 2020

As noted by CNBC on Tuesday (Nov. As has been widely reported, the listings — to have been done dually in Shanghai and Hong Kong on Nov. trillion RMBs for consumers and 422 billion RMBs for small businesses, as the company originates loans in turn underwritten by partner banks. 5 — would have raised an estimated $34 billion.

NOV 79

NOV Origination Small Business Non-Bank 79

PYMNTS

DECEMBER 30, 2020

During the extended holiday season, the eCommerce giant says its independent sellers saw their sales grow more than 50 percent over 2019. There will now be millions of consumers retuning products, which sellers will need to address, no questions asked. And while the eCommerce champion said it delivered more than 1.5

Returns 100

Returns Credit Cards NOV Addressing 100

PYMNTS

NOVEMBER 30, 2020

Our [gross order volume] in 2019 represented less than 3 percent of this off-premise spend, highlighting the large addressable opportunity ahead of us in the food vertical alone,” DoorDash wrote in its recent S-1 filing. “We The Wall Street Journal quoted unnamed sources Monday (Nov. market for food delivery. population. …

On-Demand 72

On-Demand NOV Real Time Payments Non-Bank 72

PYMNTS

NOVEMBER 24, 2019

A source told Reuters on Sunday (Nov. Pinduoduo’s users from first-tier cities spend well over RMB 5,000 ($710) per year, based on annualized figures for the third quarter of 2019,” company founder and CEO Colin Huang has said. 24) that Amazon is opening a store on the Chinese eCommerce site Pinduoduo. .

NOV 72

NOV Consulting Returns Research 72

PYMNTS

OCTOBER 24, 2019

To make things easier for shoppers, Walmart is also introducing a gift finder on its website and will launch a digital toy catalog on Nov. Consumers are most concerned with getting good deals around the holiday season, according to a recent study by Deloitte.

NOV 40

NOV Consumer Authorization Economy 40

PYMNTS

NOVEMBER 27, 2019

According to TechCrunch , the move has paid off, with consumers having already spent $50.1 billion online since Nov. Amazon started Black Friday deals on Nov. Amazon started Black Friday deals on Nov. Target has been running various sales and started an early access sale on Wednesday (Nov. percent year over year.

NOV 52

NOV Compromise Consumer Product 52

PYMNTS

DECEMBER 26, 2019

percent from Nov. Due to a later than usual Thanksgiving holiday, we saw retailers offering omnichannel sales earlier in the season, meeting consumers’ demand for the best deals across all channels and devices.”. According to retail research firm Customer Growth Partners, consumers spent a total of $34.4

Visa 53

Visa NOV Advisors On-Demand 53

PYMNTS

DECEMBER 3, 2020

Of the many data-based insights contained in the new Black Friday 2020 Report: Crossing the Digital-Physical Shopping Divide , one line captures the mood of this just-concluded commerce holiday weekend: “Concerns over COVID-19 were present, but were secondary to consumers who craved convenience.”. consumers taken on Saturday (Nov.

Credit Cards 59

Credit Cards Debit Card BNPL PayPal 59

PYMNTS

NOVEMBER 16, 2020

With a successful Singles Day in the books for Alibaba, last week was a referendum on the spending power and preference for Chinese consumer. consumer’s spending power as Kohl’s, Walmart, Macy’s, Target and other brick-and-mortar-based retailers report their earnings. The consumer here in the U.S. The consumer here in the U.S.

NOV 56

NOV Shutdown Addressing Economy 56