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

PYMNTS

DECEMBER 16, 2020

But yet another horseman of the shipping apocalypse has saddled up alongside skyrocketing consumer demand and competition for shipping from the new vaccine. He said the confluence of events is creating a “perfect storm” for shipping disruptions. A major snowstorm is expected to hit the East Coast this week, further slowing down shipping.

Volume 131

Volume On-Demand Consulting Consumer 131

PYMNTS

NOVEMBER 18, 2020

Americans paid off $10 billion in credit card debt in the third quarter (Q3) of 2020, but borrowed more for car and housing loans, according to a report in the Wall Street Journal (WSJ) citing the Federal Reserve Bank of New York. According to the Fed’s latest quarterly report on household debt and credit, overall consumer debt hit $14.35

Credit Cards 124

Credit Cards Consumer Federal Reserve Fed 124

PYMNTS

DECEMBER 28, 2020

More than 90 percent of consumers will ask for one — and of that 90+ percent, roughly 80 percent will pick an instant payment if offered the option. Consumers choose Amazon so frequently because they know they can order their goods, pay how they want and most likely get their products delivered to their doorstep the next day.

Instant Payments 121

Instant Payments Payer Consumer Debit Card 121

TechCrunch Fintech

APRIL 17, 2024

Business banking startup Mercury, founded in 2020, is now launching a consumer banking product. Mercury today serves more than 100,000 businesses, many of which are startups, via its B2B practice. All rights reserved.

Consumer 96

Consumer FinTech B2B Product 96

PYMNTS

DECEMBER 29, 2020

Amazonians around the world have truly shown what it means to be customer-centric and support our communities this year,” Jeff Wilke , CEO of worldwide consumer at Amazon, said in a press release on Tuesday (Dec. Amazon is reporting a record-breaking holiday shopping season that saw more than 1.5

Posting 130

Posting Product Consumer 130

PYMNTS

OCTOBER 5, 2020

Americans consume roughly 13 billion quarts of popcorn every year, roughly 30 percent of that at the movies. Well, that was back when theatres were open, before COVID, and going to the movies was a regular part of a consumer’s routine. consumers, as well as the behavior of a sample of Main Street business owners. 10 and Sept.

Consumer 122

Consumer Volume Continuity Returns 122

PYMNTS

DECEMBER 18, 2020

Recurly CEO Dan Burkhart told Karen Webster in a recent discussion that consumers are asking themselves how to give gifts that will have lasting impacts on the intended recipients. What we have observed is to the contrary: that consumers’ discretionary spending in the form of subscriptions has actually done quite well,” he noted. “I

Consumer 120

Consumer On-Demand Checks Volume 120

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

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

Finovate

OCTOBER 29, 2024

Array , an embedded consumer products platform, has agreed to acquire embedded debt guidance solutions provider Payitoff. ” Founded in 2020, Array offers a range of embeddable private label products that enable businesses to serve as “one-stop shops” for financial services. Terms of the transaction were not disclosed.

Acquirers 105

Acquirers Consumer Payment APIs and Integration Privacy 105

Payments Source

OCTOBER 13, 2020

Swedish point of sale credit company Klarna put itself in the awkward position of apologizing and trying to explain marketing emails to surprised and angry consumers, a misstep for a firm whose credit card alternative has found major traction during 2020’s crises.

Credit Cards 126

Credit Cards FinTech Consumer 126

PYMNTS

JANUARY 1, 2021

If 2020 was the year of streaming media, of content done a million different ways, of apps and Apple, and Google’s and Amazon’s algorithms … it was also the year of Big Tech regulation, where 2020 set the stage for a 2021 that could be seismic in changing the way companies — from Facebook to Apple to debt collectors — interact with consumers.

Regulations 141

Regulations FTC Federal Trade Commission Treasury 141

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 64

Consumer FinTech Use Case Visa 64

Fintech News

JULY 15, 2024

Reports also show that approximately 50% of Myanmar’s adult population had a bank account in 2020, reflecting growth in financial inclusion and creating new opportunities for businesses and individuals. By 2020, Wave Money had processed US$8.7 Digital transactions accounted for 17.4%

FinTech 115

FinTech Online and Mobile Banking Financial Inclusion Payroll 115

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 69

Consumer BNPL Payments Payment Solutions 69

PYMNTS

NOVEMBER 25, 2020

But like so many other things this year, that image might be on hold for 2020. The sidewalks and shops will likely be less crowded, and if consumers are wearing smiles, they’ll likely be obscured by masks as it seems COVID-19 pandemic cases will be ringing in the year on the rise.

Contactless Payments 123

Contactless Payments PayPal Small Business On-Demand 123

PYMNTS

SEPTEMBER 30, 2020

The end of the third quarter of 2020 offers a moment to look back — and ahead — as a year unlike any other is (a bit more) than three quarters finished. It may be hard to remember, but when 2020 dawned, unemployment was near historic lows, at about 3.6 to continue.

Payments 141

Payments Automation Research Risk 141

PYMNTS

OCTOBER 19, 2020

Consumers across all age demographics have radically realigned their lives over the last eight months. Still, the 2020 edition of the PYMNTS | Visa How We Will Pay consumer survey of a national sample of roughly 10,000 U.S. consumers confirmes that consumers, in fact, have changed. The New Connected Consumers .

Consumer 132

Consumer AI Research Technology 132

PYMNTS

AUGUST 17, 2020

What we see in those numbers are the glimmers of a “V-shaped” recovery in those segments where consumers really value and want to return to the physical retail experience – with restaurants leading every other sector. And what we also see is only one part of the retail sales story. And where are they spending their money?

Economy 134

Economy Adjustments Consumer Product 134

Fintech News

DECEMBER 2, 2024

The Vietnam Consumer Trends 2024 report, released in October, explores key drivers set to fuel Vietnam’s growth and opportunities, highlighting that digital payment methods are gaining dominance, and helping improve financial inclusion and accessibility.

Financial Inclusion 113

Financial Inclusion Financial Literacy Point-of-Sale (POS) NOV 113

PYMNTS

DECEMBER 21, 2020

A new survey has revealed the steep plummet the consumer credit market took as the pandemic began, the Federal Reserve Bank of New York reported. 21) from its latest Survey of Consumer Expectations (SCE) Credit Access Survey , which showed most credit applications and acceptance rates falling sharply after February this year.

Federal Reserve 119

Federal Reserve Fed Credit Union Service Organization Credit Union 119

PYMNTS

JANUARY 18, 2021

A big part of the agenda is about the shift to digital in a world where, according to PYMNTS research, more than 124 million Americans have already made the digital shift for shopping for retail products, groceries and food from restaurants since March of 2020. That in itself isn’t surprising, as consumers still fearful of COVID stayed away.

Consumer 123

Consumer Caps Research On-Demand 123

PYMNTS

AUGUST 14, 2020

Earlier this year, PYMNTS reported China’s P2P lending market was headed for more turbulence in 2020 as more of its popular platforms face potentially being shut down as the government tightens regulations. This week, Lufax was the latest company to file an initial public offering (IPO) in the U.S.

P2P 126

P2P Law Enforcement Audit Non-Bank 126

PYMNTS

DECEMBER 11, 2020

That’s the reality that the majority of consumers — 78 percent, according to Blackhawk’s data — are already anticipating a post-pandemic world where their shopping habits will permanently shift to digital. I don’t foresee us reverting to the way it used to be even after the pandemic is over and we are able to walk around without masks on.”.

Posting 116

Posting Push-to-Card Debit Card On-Demand 116

PYMNTS

JANUARY 20, 2021

Its most recent quarterly earnings showed an unheard-of 9 percent decline as consumers cut back on consuming its sugary drinks outside the home – and their in-home consumption just couldn’t make up the difference. Even Coca-Cola has had a rough year at the hands of COVID-19. Developing The Opportunity .

Consumer 116

Consumer Product Facilitators Economy 116

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 142

Financial Inclusion Embedded Finance Payments Push-to-Card 142

Fintech Finance

OCTOBER 31, 2024

This expanded rollout means that over 99% of all transactions made through Faster Payments and CHAPS are now safeguarded by this vital anti-fraud measure, offering consumers an important way to protect themselves from fraud. Since its launch in 2020, more than 2.5 billion checks have been completed.

Payee 98

Payee Fraud Prevention Rules Checks 98

PYMNTS

DECEMBER 8, 2020

Because while four or five years ago millennials looked like a generation holding back from homeownership, either due to preference or financial constraint, as 2020 comes to a close the situation has changed markedly. These younger consumers are mostly buying first homes (86 percent of younger millennials and 52 percent older ones).

Economy 141

Economy Returns Consumer On-Demand 141

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 59

BNPL Consumer Financial Inclusion Economy 59

Fintech News

JUNE 26, 2024

Ascend Money, backed by Thailand’s Charoen Pokphand Group, has 30 million active users and a strong presence in consumer payments and financial services. The company partners with major businesses like True Corp and 7-Eleven. Ascend Money is currently expanding its digital lending business by leveraging its customer base.

Financial Inclusion 122

Financial Inclusion Economy FinTech Digital Payments 122

PYMNTS

NOVEMBER 16, 2020

Consumers have cut back on travel, in-person entertainment and restaurant spend. Then they will use this newfound spending power to bring a new, vengeful spending strategy to the holiday season because, after all, the American consumer deserves a few gifts after all that they’ve been through this year. Here’s the scenario.

Credit Cards 121

Credit Cards Online and Mobile Banking Consumer Research 121

Stax

JULY 9, 2024

In 2019, 77% of US consumers were using at least one type of digital payment system. By the end of 2020, that rose to 78%. What has grown more significantly is the number of electronic payments and alternative payment methods consumers now use. Digital payments provide unparalleled convenience for both businesses and consumers.

Digital Payments 163

Digital Payments Online and Mobile Banking Contactless Payments Payments 163

PYMNTS

JULY 14, 2020

When consumers fled to online shopping options in Q2, many businesses weren’t set up for digital-first commerce, but quickly figured it out. The following is an excerpt from How 35 Execs Are Powering The Great Digital Shift Of 2020 (And Beyond) , contributed by David Nachman , CEO at FastSpring.

Innovation 135

Innovation Product On-Demand Global Payments 135

Fintech News

APRIL 3, 2024

Visa aims to address the complexities faced by consumers who juggle multiple subscriptions across various platforms, often leading to unnoticed charges due to the intricate terms of services. Kathleen Pierce-Gilmore “Managing subscriptions can often feel like a maze, with consumers sometimes feeling trapped in a cycle of confusing charges.

Addressing 107

Addressing Consumer Transactions FinTech 107

Fintech News

JUNE 4, 2024

With 29% of all Visa transactions now using tokens, the technology has become a trusted method for consumers worldwide. Visa issued its billionth token in 2020 as the adoption of tokenisation accelerated during the pandemic, with over 8,000 issuers and more than 200 markets now using the technology.

AI 110

AI Issuers Payments Data Security 110

Fintech News

MARCH 6, 2024

It also uses generative AI and digital human technologies to make banking products more accessible to consumers and small businesses. It officially launched its virtual banking services in June 2020, offering savings account, time deposit and personal loan products. Mox Bank Mox Bank is a licensed digital bank in Hong Kong.

Online and Mobile Banking 136

Online and Mobile Banking Debit Card Non-Bank Push-to-Card 136