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

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

FEBRUARY 11, 2020

In 2019, balances surpassed $14 trillion for the first time. When we focus on low unemployment and the strong economy, we often forget that in many ways, the rising costs of life can erode most of those gains,” Skylar Olsen, Zillow’s director of economic research, said in a press release. Household debt in the U.S.

Credit Cards 57

Credit Cards Fed Origination Economy 57

PYMNTS

AUGUST 20, 2019

Whether they are finding employment opportunities using platforms such as Freelancer.com, finding affordable lodging for their next vacation or merely hitching a ride across town using Uber or Lyft, some 111 million consumers daily use services offered by sharing economy platforms. In fact, 76.4 In our survey, 71.1 Even so, as much 64.2

Economy 64

Economy Consumer Verification Authentication 64

The Fintech Times

SEPTEMBER 14, 2024

These economies have since developed into fully advanced nations. This became the key factor in driving industrial growth in next-generation smart machinery, Asian Silicon Valley, biotech and pharmaceuticals, green energy, national defence, new agriculture and circular economy.

Innovation 119

Innovation FinTech Payment APIs and Integration Non-Bank 119

The Fintech Times

AUGUST 23, 2024

Future Finance is a collaborative research project aiming to support mid-tier organisations and small to medium-sized businesses (SMEs) in the UK financial services sector to adopt innovative processes and products that improve accessibility of their services.

AI 95

AI Blockchain Finance FinTech 95

PYMNTS

JANUARY 1, 2021

Presented by Afterpay and featuring an interview with Daniel Demsky , co-founder of travel clothing retailer Unbound Merino , this report detailed the way installment payment plans’ popularity have surged during the pandemic, and research correctly suggested it would become only more popular during the holiday season.

Economy 103

Economy Online and Mobile Banking Credit Union Money Laundering 103

PYMNTS

JANUARY 28, 2021

But for the recipients of the cross-border money transfers and peer-to-peer (P2P) payments usually associated with developing economies, they are lifelines. Person-to-person international transfers form by far the largest foreign economic support for developing economies. In the payments industry, they’re known as remittances.

Cross-Border 117

Cross-Border Innovation Economy Governance 117

PYMNTS

OCTOBER 23, 2018

In the pre-mobile world, in the time before the Uberization of every conceivable service, the gig economy existed — just not in the highly organized and monetized fashion as it is today. And we think that will draw users because the only game in town has a lot going for it,” he said. The Challenges And What’s Next.

Blockchain 73

Blockchain Economy Origination Disputes 73

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

NOVEMBER 13, 2020

But while Walmart will probably shy away from specific numbers, PYMNTS research has not. An exclusive research project from PYMNTS shows that Walmart could leverage its new membership model to capture more of the consumer’s whole paycheck. percent from 2019 — a spending boost driven by COVID-19. billion in 2019.

Economy 60

Economy NOV On-Demand Adjustments 60

PYMNTS

OCTOBER 16, 2020

In May 2019, the government took over Baoshang Bank in the first seizure of its kind in almost 20 years. The banks have been asked to perform [a] national service,” CreditSights Research Analyst Jason Tan told Squawk Box Asia on (Aug. They’ve been asked to support the economy at the expense of their own operational strength.” .

Regulations 112

Regulations Central Bank Risk Governance 112

PYMNTS

DECEMBER 28, 2020

Some predictions pre-holiday ranged as high as a 5 percent increase over 2019; some called for flat spending. Digital-first economy: The Mastercard report showed eCommerce accounted for 19.7 percent in 2019. It was driven by a 49 percent spike in eCommerce, which shows the expected dramatic increase in the digital-first economy.

Visa 104

Visa Economy Consumer Advisors 104

PYMNTS

OCTOBER 22, 2020

In a July letter to investors , CEO Reed Hastings said, “In the first half of this year, we’ve added 26 million paid memberships, nearly on par with the 28 million we achieved in all of 2019. The service launched in November 2019 and reported 60.5 million paying subscribers by the end of July. million subscribers.

Economy 70

Economy Origination On-Demand Returns 70

PYMNTS

DECEMBER 12, 2018

Thanks to low unemployment, growth in GDP and real disposable income, TransUnion forecasted that consumer credit originations and consumer balances will increase in 2019 for the lion’s share of credit products. percent in the fourth quarter of 2019 compared to 1.94 percent in the fourth quarter of this year.

Origination 51

Origination Consumer Credit Cards Risk 51

PYMNTS

NOVEMBER 18, 2020

“Mortgage originations, including refinances, continued on their upward trend as homeowners continue to take advantage of the low interest-rate environment,” Donghoon Lee , research officer at the New York Fed, said in the report, which tallied numbers through Sept. percent in 2019. percent in 2019. percent compared to 5.39

Credit Cards 124

Credit Cards Consumer Federal Reserve Fed 124

PYMNTS

MARCH 5, 2019

If the digital economy crosses borders – with commerce always on, across time zones and currencies – the platform model should be a perfect fit for those who seek to literally cross borders, or even just get away from it all for a bit. A “Test and Learn” Approach.

Economy 59

Economy Cross-Border Alternative Payment Methods Account Takeovers 59

PYMNTS

AUGUST 30, 2020

The coronavirus pandemic's disruptions have left banks “flooded with cash and it's hard to know what to do,” said Brian Foran, an analyst at Autonomous Research , according to WSJ. 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.

Consumer 82

Consumer Economy Legal Governance 82

PYMNTS

JANUARY 7, 2020

We’ll give Amazon its traditional place at the front of the line — hey, it’s Amazon — with its news, which also reflects the sharp growth in popularity of voice-assisted payments and commerce, one of the emerging engines of we are taking to call the connected economy. This rise of a new connected economy is not just about vehicles, either.

Economy 53

Economy Non-Bank Consumer End User 53

PYMNTS

JANUARY 20, 2021

"We expect this network for frictionless transfer of value in the New Economy of Movement to open up trillions of dollars of new opportunities to monetize vehicles, services, data and infrastructure.". In 2019, J.P. Flanigan added that Ford believes the technology could make the buying process easier in the future.

Blockchain 81

Blockchain Research Use Case Finance 81

Fintech News

MAY 15, 2024

The burgeoning video gamer economy The confluence of significant economic, technological , and social forces is set to amplify the prominence of video gamers. Since 2019, active gamers have surged across all key markets. Both issuers and merchants must recognise and capitalise on this influential consumer segment.

FinTech 93

FinTech Online and Mobile Banking Payment APIs and Integration Economy 93

PYMNTS

OCTOBER 7, 2020

The Bank of Korea dissolved a committee dedicated to cryptocurrency research in January 2019 but has since revisited the issue, the report stated. A report from the South China Morning Post, quoted by The Korea Herald, said Beijing intends to use the digital currency "as a tool to hasten the transformation of the country’s economy.".

Digital Currency 83

Digital Currency Central Bank CBDC Cryptocurrency 83

PYMNTS

DECEMBER 24, 2019

21, the last Saturday shopping day before Christmas 2019, has been confirmed as the single biggest retail sales day in U.S. According to retail research firm Customer Growth Partners, consumers on Super Saturday spent a total of $34.4 billion and that exceeded 2019 Black Friday sales by 10 percent. Exceeding forecasts , Dec.

Research 74

Research Economy Continuity Finance 74

PYMNTS

APRIL 2, 2019

The gig economy is growing. To that end, Visa announced Tuesday (April 2) that it has introduced Card Payouts, an app designed help mid- to large-sized businesses manage cash flow — and speed payments to gig economy workers, to boot. The pilot program is slated to debut in the Fall of 2019.

Push-to-Card 80

Push-to-Card Wire Transfer Treasury Economy 80

CB Insights

APRIL 2, 2020

Nearly 50% of 2019 funding was concentrated in 83 mega-rounds ($100M+) totaling $17.2B. While the past 3 years all saw between 200 and 300 deals in the months December through March, 2019-2020 is seeing between 100 and 200 deals over the same period. GET THE 102-PAGE State of fintech REPORT.

FinTech 100

FinTech Finance Mitigation Economy 100

PYMNTS

OCTOBER 8, 2019

companies have experienced a cyberattack in the last year , new Ponemon Institute research revealed in a survey of 592 firms. Smaller companies are most vulnerable, researchers said, pointing to their lack of resources and IT staff to bolster cyber defenses. PYMNTS breaks down the key data points from these reports below.

Small Business 53

Small Business Non-Bank Debit Card Disputes 53

PYMNTS

SEPTEMBER 28, 2020

Making mobile payments with a smartphone in Japan is more popular than ever, according to eMarketer, a New York-based market research company. Still, Japan remains a heavily cash-based economy, Darren Abrahamson , managing director of Bain Capital Tech Opportunities, told PYMNTS.

Mobile Payments 80

Mobile Payments Push-to-Card Payments Economy 80

PYMNTS

DECEMBER 31, 2019

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. Its curbside grocery-pickup program has been a breakout success for the company — and a main driver of its eCommerce growth during 2019. Webster added.

Push-to-Card 54

Push-to-Card Consumer Federal Trade Commission Rules 54

PYMNTS

NOVEMBER 10, 2020

In fact, fortunes are always made out of disasters, and America’s entrepreneurial spirit may be just the counterforce for a stalled economy. million at the same point in 2019, according to the U.S. That group includes gig-economy workers and other independent contractors who may have struck out on their own after being laid off.”.

Posting 90

Posting Economy On-Demand Advisors 90

PYMNTS

NOVEMBER 15, 2020

That has also had a negative impact on banks, with card revenue for Citigroup falling 18 percent this year compared to 2019; a Wells Fargo bank analyst said credit card spending would likely stay down until COVID-19 was on the way out, the report says.

Credit Cards 120

Credit Cards Consumer Bank Card Checks 120

PYMNTS

DECEMBER 23, 2019

This year, 2019, the average American will spend three hours and 43 minutes per day on mobile devices, just ahead of the three hours and 35 minutes spent watching television. Visner of the National Cybersecurity Federally Funded Research and Development Center ( FFRDC ). They do, in fact, put their pants on one leg at a time.

Online and Mobile Banking 52

Online and Mobile Banking Cybersecurity Best Practices Economy 52

PYMNTS

NOVEMBER 30, 2020

In June of 2019, Lyft became the first ridesharing firm to offer on-demand transportation for eligible Medicaid beneficiaries, thanks to a May policy change made by Arizona's Medicaid agency that allows ridesharing providers to offer rides to patients who can't secure their own transport to healthcare appointments. percentage points.

Economy 64

Economy NOV Push-to-Card On-Demand 64

Clearly Payments

OCTOBER 7, 2024

The COVID-19 pandemic has reshaped industries and economies worldwide. Cash Usage Decline : The World Bank reported that cash usage in advanced economies declined by nearly 50% during the pandemic, with consumers opting for digital and contactless payment methods instead. billion in 2019. billion in 2022, up from $7.5

Cross-Border 89

Cross-Border Processors Multi-Currency Contactless Payments 89

PYMNTS

DECEMBER 7, 2018

Not to ruin your holiday spirit, but let’s start this story with the cold and brutal truth: One of the largest risks that payments and commerce operators face in 2019 is being called to account by government officials, regulators or media about a failure to secure their organizations from cyberattacks. and other places. adults (for starters).

Cybersecurity 96

Cybersecurity Payments Privacy Breach 96

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

JANUARY 27, 2020

Fraudsters’ attempts to access systems and steal valuable information are becoming more innovative, and research suggests they are also increasingly successful. million in 2019 — a 1.5 percent increase from 2018. The same report found that the total cost of a data breach had risen 12 percent since 2014.

Phishing 99

Phishing Data Breach Breach Fraud Prevention 99

PYMNTS

SEPTEMBER 24, 2020

Remittances are a lifeline for many individuals around the world, with workers overseas in developed countries frequently sending money back home to support families in emerging economies. Another study found that the number of correspondent banking relationships in existence worldwide had dropped 22 percent from 2011 to 2019. .

Regulatory Compliance 89

Regulatory Compliance Compliance Correspondent Bank Correspondent 89