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. This is the first of many questions that PYMNTS sought to answer in the new Black Friday 2020 Report: Crossing The Digital-Physical Shopping Divide.

Debit Card 128

Debit Card PayPal Credit Cards Consumer 128

PYMNTS

DECEMBER 14, 2020

The last eight or so months of living life amid the pandemic have created an opportunity for consumers to make major changes to both where and how they shop – changes that many are planning to stick with , even after COVID-19 is behind us. Or will newly digitized consumers spend 2021 fighting with the last of the analog holdouts ?

Consumer 64

Consumer Checks Transactions Posting 64

PYMNTS

OCTOBER 20, 2020

It’s just a week into the earlier-than-usual 2020 holiday selling season and already three facts are clarifying the retail picture: consumers are going to spend less overall, they are going to spend more time online and they don’t want to touch anything in the process. percent of consumers will spend more than they did in 2019.

Consumer 63

Consumer On-Demand Contactless Payments Checks 63

The Fintech Times

SEPTEMBER 12, 2024

Consumers are increasingly turning to digital payment methods instead of cash across the UAE and Saudi Arabia, according to new data from Checkout.com , the global payments solution provider. Past data revealed a 56 per cent increase in consumers engaging in e-commerce weekly since 2020.

Consumer 68

Consumer BNPL Payments Payment Solutions 68

PYMNTS

MARCH 31, 2019

could miss the financial targets for 2020 in the consumer division, reported The Financial Times. According to a report in The Financial Times, at the same time that executives at Citigroup are expressing confidence the unit can overcome challenges this year, the results in the consumer unit are a growing concern for investors.

Consumer 53

Consumer Product 53

PYMNTS

DECEMBER 30, 2020

If there’s a word that captures the state of financial services in 2020, it’s “acceleration.” At Mastercard , Executive Vice President of North America Products and Innovation Jess Turner told Karen Webster in a recent discussion, the rapid acceleration has been pushed by what consumers both wanted and needed more than ever.

Consumer 112

Consumer Visa Faster Payments Instant Payments 112

The Fintech Times

DECEMBER 15, 2023

the consumer advisor. s monthly Consumer Insight Tracker found that trust in the insurance industry has dropped to a confidence score of -24. Since it started being tracked in August 2020, the industry has never seen 44 per cent of consumers say they do not trust insurance companies. Rocio Concha , Which?

Consumer 58

Consumer Void Advisors SWIFT 58

PYMNTS

JULY 8, 2020

For the digital consumer — for the U.S. Much longer than the 12 weeks it took to mint the digital-first consumer in the first place. percent of consumers told us they were traveling for personal reasons less often than they had before the outbreak. consumers reported having jobs or earning incomes. percent of U.S.

Consumer 61

Consumer Federal Reserve Cross-Border Fed 61

PYMNTS

OCTOBER 23, 2020

In fact, 2020 opened with retail reports decrying the great toy sales slump , citing the 4 percent fall-off in toy sales, the rather tepid holiday sales season reported between 2018 and 2019 and the fact that toy sales came up short during last year’s holiday season. Barbie gross sales rose 29 percent in Q3, to $532.2

On-Demand 86

On-Demand Returns Consumer 86

CB Insights

SEPTEMBER 1, 2020

The 2020 Fintech 250 cohort has raised approximately $49.2B 2020 Fintech 250 investment highlights. The 2020 Fintech 250 categories and most well-funded startups represented. 2020 fintech 250 investment highlights. Funding trends: In 2020 year-to-date (YTD), these 250 private companies have raised $10.3B

FinTech 101

FinTech Participant NOV Finance 101

The Fintech Times

MAY 22, 2024

FinTech Australia is gearing up to host its second annual Consumer Data Right (CDR) Summit, setting the agenda for the regime ahead of a broader consumer rollout. The post FinTech Australia Prepares to Spotlight Consumer Data Rights at Second Summit appeared first on The Fintech Times.

Consumer 63

Consumer FinTech Use Case Visa 63

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 of disbursements that are made to consumers and microbusinesses, respectively.

Innovation 111

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

PYMNTS

DECEMBER 22, 2020

The year 2020 has been a wild ride, and certainly one for the books in just about every corner of the commerce ecosystem. I think there are three words that come to mind when I think about the 2020 pandemic and merchants: ‘pivot, adapt and evolve,’” she said. In fact, Kathleen Fiorello , head of U.S.

Small Business 116

Small Business Acquirers Consumer Innovation 116

CB Insights

JANUARY 28, 2021

Despite the drop, the quarter’s strong showing helped push annual insurtech funding in 2020 to an all-time high of $7.1B. Q4’20 Insurtech Highlights: Insurtech funding finishes 2020 at a record high: With a strong final quarter, annual insurtech funding in 2020 reached an all-time high of $7.1B

Advisors 75

Advisors Risk Consulting Technology 75

PYMNTS

OCTOBER 13, 2020

The world has changed a great deal since 2020 began. Thirty-seven percent more consumers in the United States are working their full-time jobs from home than in 2019, whereas 27 percent more are performing gig jobs remotely. In essence, connected devices are helping turn consumers’ homes into smart, commerce command centers.

ATM 104

ATM Consumer Research Digital Payments 104

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

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

AUGUST 10, 2020

Consumers have been using internet technology for everything from nonessential health services to ordering from restaurants in the last few years, especially shopping more frequently online for retail products and groceries. percent of consumers and 30.5 Introduction. We surveyed more than 5,000 U.S. This is what we found. .

Payee 91

Payee Instant Payments Point-of-Sale (POS) Debit Card 91

PYMNTS

JANUARY 1, 2021

The consumers who shopped for anything from groceries to sporting goods to cars in December of 2019 are completely different from the ones who shop today. Office shifters plan to use digital shopping options more than other consumers after the pandemic has passed,” the report noted. How She Thinks About Vaccines.

Consumer 144

Consumer Debit Card Contactless Payments Research 144

PYMNTS

NOVEMBER 30, 2020

Nor did it end, but according to PYMNTS' most recent Black Friday data it did go sailing past the halfway point, with consumers reporting that as of Black Friday they had made 55 percent of their annual holiday shopping expenditures already — with only 40 percent left to capture this season. Before March 2020 66.2 percent to 25.7

Debit Card 92

Debit Card Credit Cards PayPal Consumer 92

PYMNTS

SEPTEMBER 4, 2020

The latest installment of the PYMNTS Whole Paycheck Tracker is an in-depth look at how the pandemic affected the two companies as they continued to position themselves as a fixture in overall consumer spend and overall retail spend. When it comes to Amazon’s share of consumer spending, things get a bit more complex. billion to $110.5

Consumer 99

Consumer Accounts Continuity Checks 99

PYMNTS

DECEMBER 24, 2019

About 31 percent of consumers now own voice-activated devices, up from 27 percent in 2018 and 14 percent in 2017. The rise of voice is the big factor behind the rise of smart homes, where consumers are doing more commerce and payments. That’s not all — voice is becoming more emotionally attuned to consumers.

Consumer 64

Consumer Zelle P2P Real Time Payments 64

PYMNTS

NOVEMBER 26, 2020

Something to bear in mind in 2020, when, as was the case in 1939 when Thanksgiving got its last major revision by presidential order, Americans are celebrating the holiday facing a national crisis, deep economic uncertainty and preparing to celebrate their holiday very differently and far more digitally than they ever have before.

On-Demand 107

On-Demand Consumer NOV Continuity 107

CB Insights

JULY 28, 2020

Last quarter, Covid-19 put investor optimism and consumer confidence on pause. The post Insurance Tech Q2 2020 appeared first on CB Insights Research. Q2’20 Insurtech Highlights. Lemonade became the first US insurtech unicorn to go public.

Advisors 90

Advisors Risk Consulting Technology 90

NFCW

JANUARY 16, 2024

The Swiss central bank’s researchers based their analysis on anonymized, transaction-level data for a large sample of point-of-sale debit card payments made in Switzerland between 2019 and 2021. “In Switzerland – the country we study – the tap-and-go limit was doubled from CHF40 to CHF80 in April 2020.

Contactless Payments 87

Contactless Payments Research Consumer Central Bank 87

Clearly Payments

JULY 26, 2024

Consumer payment data has become a valuable asset for businesses. Consumer data, primarily gathered from credit card transactions, offers information that can help businesses enhance their operations, understand customer behavior, and ultimately increase their profitability.

Payments Data 52

Payments Data Consumer Fraud Detection Credit Cards 52

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

JANUARY 19, 2021

"As we transition to a new year and a new environment, where the rollout of vaccinations globally begins to create a prospect of some stability, we must draw on the lessons of 2020 to build a more productive and prosperous world," says Kohli. No one underestimates the scale of the challenges we still face.

Cross-Border 95

Cross-Border Governance Government Central Bank 95

FICO

AUGUST 29, 2022

FICO® Score Stays Steady at 716, as Missed Payments and Consumer Debt Rises. Each year, we provide insight into the national average FICO ® Score to help ensure consumers have a baseline measure of credit health standing. consumer reporting agencies (CRAs). Average U.S. by Ethan Dornhelm. expand_less Back To Top.

Consumer 98

Consumer Credit Cards Payments Governance 98

PYMNTS

JANUARY 5, 2021

Government pandemic aid helped bankruptcy filings hit a 35-year low in 2020, according to legal service firm Epiq. In Epiq's report on 2020 bankruptcy statistics, the firm found that 2020 had the lowest numbers since 1989, with 529,068 over all chapters, according to a press release.

Government 63

Government Governance Legal Economy 63

PYMNTS

OCTOBER 13, 2020

“Approximately twice as many consumers shopped for retail products from home in the summer of 2020 as they did in the summer of 2019, and three times as many grocery-shopped from home this summer over last summer, too,” the Report states, giving an idea of scope. Creation of the ‘Superconnected’ Consumer.

Consumer 119

Consumer Technology Accounts Product 119

The Fintech Times

JULY 29, 2024

The forecast comes after UnaCash compared the volume of the Philippines’ BNPL market from 2020 to 2023 to the growth rate of the Philippine digital economy during the same period. “We are witnessing a notable shift in consumer behaviour where there is a consistent rise in patronage for this mode of financing.

BNPL 58

BNPL Consumer Financial Inclusion Economy 58

PYMNTS

APRIL 13, 2020

Stores are shut down, restaurants are restricted to carryout and delivery only, professional sports are on hold, most flights are grounded and the fate of summer vacation in 2020 remains a coin toss. percent of consumers buying beauty and cosmetic products. According to the data, 58.4 Our latest findings showed that 93.1

Consumer 103

Consumer Legal Volume Participant 103

PYMNTS

DECEMBER 24, 2020

market for initial public offerings (IPOs) had a banner year in 2020 despite the pandemic — or perhaps because of it. COVID-19 was actually great news for DoorDash , as government shutdowns and consumer virus fears forced restaurants almost everywhere to eliminate dining in and switch to pickup and delivery. DoorDash ($39 billion).

Origination 92

Origination Push-to-Card On-Demand Shutdown 92

PYMNTS

JANUARY 15, 2021

percent higher in 2020 than in 2019, surprising even the National Retail Federation (NRF). Despite unprecedented challenges, consumers and retailers demonstrated incredible resilience this holiday season,” said NRF President Matthew Shay in a statement. The NRF said 2020 retail sales from Nov. percent jump was double the 3.5

NOV 52

NOV Non-Bank Consumer Economy 52

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

FICO

FEBRUARY 10, 2023

Home Blog FICO Consumers Prioritize Mortgage Payments Over Auto What are the drivers behind this mortgage and auto loan payment hierarchy behavioral shift and is it likely to be a lasting trend? Consumers could avoid delinquency on their credit accounts by requesting a payment accommodation due to hardship caused by the pandemic.

Consumer 52

Consumer Payments Correspondent BNPL 52