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. However, the bank’s trading desks were sluggish, weighed down by the early 2019 U.S. On the debit front, BoA reported first-quarter debit purchase volume of $78.5

Zelle 61

Zelle Transactions P2P Mobile Banking 61

PYMNTS

JULY 29, 2020

Visa managed to come out ahead of analyst expectations for both revenue and earnings when it reported its Q2 results yesterday (July 29), but the world’s largest card network found itself hit hard by plummeting consumer spending in the second quarter. For the quarter that ended June 30, Visa reported net income of $2.4 billion, or $1.07

Consumer 68

Consumer Cross-Border Cross-Border Payments Volume 68

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.”. They have to be creative.

Consumer 84

Consumer Shutdown Volume Product 84

PYMNTS

DECEMBER 4, 2020

The bank also processed record-breaking online and mobile payment transactions on Cyber Monday, up nearly 25 percent over 2019. with 2019 transaction volume exceeding $1.5 That helped offset a 12 percent drop in payment authorizations at physical stores as people continue to largely lock down amid the coronavirus pandemic. “As

Online and Mobile Banking 115

Online and Mobile Banking NOV Treasury Processors 115

FICO

JANUARY 25, 2019

The Australian Competition and Consumer Commission (ACCC) handed down its final report on the Residential Mortgage Pricing Inquiry and it certainly had a lot to say about the current pricing of Australian home loans. Product packaging and service proposition are also important factors when consumers are considering lenders.

Caps 74

Caps Returns Governance Government 74

PYMNTS

JANUARY 14, 2021

percent year-over-year debit and credit overall same-store sales volume growth among its owner credit unions over the 2020 holiday season, according to a press release emailed to PYMNTS. More consumers shopped earlier and from home, further accelerating the adoption of contactless and digital payment methods.”. Purchases between Nov.

Volume 62

Volume Credit Union Credit Union Service Organization NOV 62

PYMNTS

APRIL 9, 2020

exhashes per second that comprised for approximately 20 percent of the computing power growth of the bitcoin network in 2019. Fold will now have the ability to provide a co-branded Visa card that lets consumers receive bitcoin rewards via Fast Track. Canaan said it sold overall computer power of 10.5

Bitcoin 70

Bitcoin Returns Volume Consumer 70

Clearly Payments

NOVEMBER 6, 2024

The payment processing market in the United States has demonstrated robust growth, driven by rising consumer demand for digital payments, advancements in financial technology, and the expansion of e-commerce. This growth is driven by increased adoption of digital payment methods, evolving consumer behavior, and an expanding e-commerce sector.

Process 95

Process ISOs Credit Cards Online and Mobile Banking 95

PYMNTS

DECEMBER 21, 2018

There is a growing chorus of voices that eschew credit as a “dangerous trap” that lures consumers into spending more than they can afford, in part, they say, because credit products are designed to make repayment expensive and therefore difficult. Of course, the reality is that most people can’t. Making The Credit Conversation About Choice.

Consumer 74

Consumer Credit Cards Product Underwriting 74

PYMNTS

APRIL 13, 2020

and international) consumer and the businesses that serve them will be center stage as earnings season gets underway, starting, as always, with a slew of big banks. consumer, where spending was strong across cards, where auto loans remained resilient. Overall, consumers made 95 million payments worth $23.8 and the U.K.,

Online and Mobile Banking 124

Online and Mobile Banking Credit Cards Zelle P2P 124

PYMNTS

FEBRUARY 13, 2020

Payment processing was good to financial transaction provider WEX in 2019, as the company reported double-digit growth for the year in its earnings report today. The Wex Health Cloud is the company’s cloud-based platform that helps companies manage healthcare benefits, HSAs and spending cards for consumer usage. healthcare business.

Volume 60

Volume B2B Caps Transactions 60

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

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. In fact, a PYMNTS data project that studied Black Friday in 2019 found that only 20.2

Volume 96

Volume Consumer Research Returns 96

FICO

MARCH 25, 2020

Home Credit , a global non-bank consumer lender, has successfully reduced its credit risk while maintaining loan volumes and keeping approval rates steady by incorporating the FICO® Score X Data to optimize its loan process in China. For its achievement, Home Credit was awarded the 2019 FICO® Decisions Award for Financial Inclusion.

Risk 97

Risk Financial Inclusion Point-of-Sale (POS) Risk Assessment 97

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

SEPTEMBER 15, 2020

Retail spending may be helping to spur freight volumes, and to push already lofty pricing higher. That’s because consumer demand is picking up, but retail inventories are relatively low. Against that backdrop, spot markets, which comprise about 10 percent to 15 percent of volumes, have been tight.

On-Demand 56

On-Demand Volume Push-to-Card Credit Cards 56

PYMNTS

SEPTEMBER 15, 2020

Retail spending may be helping to spur freight volumes, and to push already lofty pricing higher. That’s because consumer demand is picking up, but retail inventories are relatively low. Against that backdrop, spot markets, which comprise about 10 percent to 15 percent of volumes, have been tight.

On-Demand 56

On-Demand Volume Push-to-Card Credit Cards 56

PYMNTS

JULY 14, 2020

Big banks kicked off the second-quarter earnings season Tuesday (July 14) by reporting COVID-weakened consumer banking revenues, but bright spots in trading and digital. Citigroup reported global consumer-banking revenues of $7.3 Citigroup reported global consumer-banking revenues of $7.3 Also, consumer loans dropped $15.7

Consumer 63

Consumer Online and Mobile Banking Credit Cards Volume 63

PYMNTS

DECEMBER 18, 2020

Poshmark is a popular site for consumers to sell secondhand clothes, relying on a heavy social media aspect in which buyers and sellers interact and share “likes” about items instead of just conducting commerce. “We million in 2019, Poshmark made $21.1 That’s up 28 percent from the same 2019 period. After losing $14.5

Volume 92

Volume Consumer Posting Technology 92

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 58

Zelle Consumer Enrollments Payments 58

PYMNTS

DECEMBER 24, 2019

For the annual holiday exercise at PYMNTS (describing the 12 main or most exciting ways to pay in 2019), it is clear that what has happened this year will have big implications for the new decade. Here are the 2019 payment trends that made the biggest splash, and promise to make even bigger splashes in the new decade. #1:

Consumer 64

Consumer Zelle P2P Real Time Payments 64

PYMNTS

MARCH 30, 2020

Amid the coronavirus pandemic, PSCU compared transactions of its owner credit union members on a same-store basis between March 2019 and March 2020. Supermarkets/grocery stores experienced the largest rise in spend and transaction volume. The consumer goods space notched an overall increase of 9.2 percent drop.

Debit Card 56

Debit Card Consumer Credit Union Service Organization Credit Union 56

PYMNTS

NOVEMBER 12, 2020

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. consumers reported having a Walmart+ membership, just a bit more than a month after its launch.

NOV 105

NOV Volume On-Demand Consumer 105

PYMNTS

AUGUST 14, 2020

Juliet Anammah , chairwoman and head of institutional affairs at Jumia, previously told PYMNTS those tailwinds have started blowing stronger during the past few months as the global public health crisis has increased the volume on demand for digital payments, eCommerce and new series of transaction experiences throughout Africa.

Volume 101

Volume On-Demand Digital Payments Addressing 101

PYMNTS

OCTOBER 14, 2020

There are a lot of things consumers haven’t been able to do during the pandemic – like go to concerts, sit in a movie theater or, for the most part, go to sporting events. Through June, July and August, Wine Insiders orders have been about 60 percent higher compared to 2019. In fact, quite a lot.

Consumer 56

Consumer On-Demand B2C Volume 56

PYMNTS

MAY 13, 2019

The spotlight burned brighter for peer-to-peer (P2P) payment services in the first quarter of 2019, with those payment methods finding popularity among more consumers. During Q1 2019, Zelle sent $39 billion through its network via 147 million transactions, the company said in a news release. P2P Impacts.

P2P 79

P2P Zelle Venmo Debit Card 79

PYMNTS

JULY 28, 2020

For the current year, IATA’s forecasters see a decline in revenue passenger kilometers of 55 percent compared with 2019. Consumer confidence is depressed and not helped by the U.K.’s June 2020 traffic was off 86.5 percent compared with a year ago. “What improvement we have seen has been domestic flying.

Volume 56

Volume On-Demand Economy Returns 56

PYMNTS

JUNE 3, 2020

The COVID-19 pandemic and safety measures taken to slow the virus’s spread have overturned consumers’ daily lives, including what they are buying and which payment methods they are using to transact. These changes have presented consumers with new economic conditions and created different purchasing priorities. Grocery Spending Climbs.

Consumer 55

Consumer Debit Card Credit Cards Credit Union Service Organization 55

PYMNTS

DECEMBER 28, 2020

The numbers were up quite a bit from the first half of the year, which showed renewed strength in business and consumer shopping habits. 28) on CNBC, said the cargo volume is up 50 percent. In November, the port logged 890,000 20-foot-equivalent units of shipments, a 22 percent increase from the same month in 2019.

Volume 82

Volume On-Demand Consumer 82

PYMNTS

AUGUST 21, 2020

And though 2019 was, well, not all that long ago, it seems like a million years ago. More recently, the executive said on Fox Business News that a return to previous travel volumes would hinge on a vaccine. I don’t think we’ll ever get back entirely to where we were in 2019 on the volume of business traffic.”.

Returns 116

Returns Volume On-Demand Continuity 116

Faster Payments Council

JUNE 28, 2021

Today's consumers want fast, easy, digital transactions. And while we are making significant progress towards creating a faster, digital payments experience for domestic transactions – with real-time payment growth expected to increase from 734 million in 2019 to 4.2 At the FPC, we are tackling this issue head on.

Cross-Border 68

Cross-Border Faster Payments Cross-Border Payments FPC 68

CB Insights

NOVEMBER 22, 2021

South Africa-based Ozow automates the online payment process for merchants and consumers. The company has experienced 100% growth YoY since 2019, and it processes over $100M in transaction volume on a monthly basis. The company caters to over 47M account holders. Ozow sees 140K new users each month.

Payment Gateways 76

Payment Gateways Gateways Online Payment Processing Payments 76

PYMNTS

NOVEMBER 12, 2020

percent in 2019 and its share of borrowings at 3.63 In mid-October, Wells Fargo reported markedly lower third-quarter earnings , but noted that credit card usage had climbed due to increased consumer spending. Debit card POS purchase volume hit $102.9 Wells Fargo has been mulling over whether to sell other units as well.

Credit Cards 114

Credit Cards Point-of-Sale (POS) Push-to-Card Debit Card 114

PYMNTS

JULY 17, 2020

As transaction volumes soared and millions were onboarded remotely during the lockdowns, cybercriminals had a field day. In a 2019 PYMNTS eBook much like this, we made predictions for eCommerce in 2020 and the next decade. Just six months into the new decade, we’ve seen that play out in ways we couldn’t have predicted in 2019.

Fraud Prevention 89

Fraud Prevention Volume AI Risk 89

PYMNTS

JUNE 22, 2020

This year’s three-week event was watched closely for evidence that the Chinese consumer will help spend the country out of the pandemic, and the success of 618 shows that they likely will. 18), China’s online gross merchandise volume (GMV) reached RMB 457.33 Some of it represented pent-up demand on behalf of the Chinese consumer.

Consumer 56

Consumer Online and Mobile Banking On-Demand Governance 56

CB Insights

AUGUST 23, 2018

Live briefing: Consumer Banks in The Digital Age. Learn about the playbooks of today’s top banks as they digitally re-position their consumer products. JPM is the first consumer bank to give free trades to all retail customers. That’s driven by consumer trends, like Siri, Google Home, and Amazon Alexa.”

Consumer 76

Consumer Online and Mobile Banking Credit Cards Push-to-Card 76

PYMNTS

DECEMBER 31, 2020

How We Will Pay: Home As The Consumer Command Center. This study showed that the home had become the consumer’s commerce command center as they changed their daily routines to do more of their work and more of their once-physical errands from home. percent made purchases via mobile in the last 24 hours. 31 percent bank via app.

Innovation 111

Innovation Online and Mobile Banking Real Time Payments Cross-Border 111