The Fintech Times

JULY 29, 2024

per cent in gross merchandise value (GMV) to the digital economy in 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. per cent) and 2022 (4.19 per cent) values. .

BNPL 59

BNPL Consumer Financial Inclusion Economy 59

PYMNTS

JANUARY 1, 2021

Many consumers were still facing pandemic-related financial strains going in to the holidays, making flexible payment options all the more important as they began buying gifts. This loss can be crippling for consumers who live paycheck to paycheck or have little savings. consumers cannot pay for a $400 emergency. Disbursements.

Economy 103

Economy Online and Mobile Banking Credit Union Money Laundering 103

PYMNTS

JANUARY 18, 2021

Debbie Guerra, executive vice president of merchant payments and payments intelligence solutions at ACI Worldwide , dives into how digital transformation will be key to enabling businesses, individuals and entire economies to recover from the huge challenges presented by the pandemic. Consumers have choice.

Economy 82

Economy Innovation Fraud Prevention Contactless Payments 82

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

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 that’s the rise of the auto-refill economy. And what we also see is only one part of the retail sales story.

Economy 134

Economy Adjustments Consumer Product 134

PYMNTS

JULY 8, 2020

For the digital consumer — for the U.S. economy — a recovery is in the cards, yes. 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. But it will take a while.

Consumer 61

Consumer Federal Reserve Cross-Border Fed 61

PYMNTS

DECEMBER 8, 2020

It’s a particularly relevant sentiment as the world is increasingly digitizing and consumer preferences are shifting. Communications heavy on text and jargon, he said, aren’t going to drive the kind of engagement brands actually want with consumers because consumers don’t have the bandwidth for all that friction.

Consumer 62

Consumer Economy Accounts 62

PYMNTS

DECEMBER 28, 2020

Looking back, when we take stock of what happened and sift through the chaos and heartbreak of the year that was, we’ll see the seismic shifts that took place in 2020. Indeed, we might look to March 11 as the dividing line between what was and what is and will be in the connected economy.

Economy 108

Economy Payments Government Governance 108

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

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

Clearly Payments

OCTOBER 7, 2024

The COVID-19 pandemic has reshaped industries and economies worldwide. As lockdowns and social distancing measures took effect, consumers were forced to adopt digital channels for shopping and payments, leading to a significant rise in e-commerce. in 2020, reaching $4.28 trillion in 2021, a 25% increase from 2020.

Cross-Border 88

Cross-Border Processors Multi-Currency Contactless Payments 88

PYMNTS

OCTOBER 21, 2020

The ownership economy is going full throttle. He pointed to “solid demand and a strong pricing environment due to low interest rates and increased interest in vehicle ownership from consumers.” That’s where the consumer is happiest,” said Jackson. said preliminary results for August and September 2020 were positive.

Economy 89

Economy Online and Mobile Banking On-Demand Consumer 89

PYMNTS

JANUARY 6, 2020

and iTunes was how people consumed music on mobile devices. Chatbots were expected to rule the world, and messaging apps, with chatbots, were expected to become the new consumer inbox. We can also be certain that the impact of the connected economy will be profound. It would be a year before Spotify would launch in the U.S.,

Economy 70

Economy Innovation Interoperability Consumer 70

PYMNTS

DECEMBER 16, 2020

The COVID-19 pandemic has been hard on everyone – consumers, businesses, government officials and healthcare workers – but the pain has been far from evenly distributed over the past nine months. Small and medium-sized businesses (SMBs) have unfortunately found themselves at or near the top of COVID-19’s 2020 hit list.

On-Demand 112

On-Demand Shutdown Returns Economy 112

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 28, 2020

Instant payments, he said, aren’t the genuine article unless all three are available — and he predicts that 2021 will be the year that the entire economy starts to adopt them. 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.

Instant Payments 121

Instant Payments Payer Consumer Debit Card 121

PYMNTS

SEPTEMBER 29, 2020

Consumer spending has been on something of a roller-coaster ride in 2020 thus far – dropping into the basement in the spring, but showing signs of recovery over the summer. But now summer is over, and consumer spending is looking a whole lot hazier heading into the traditional holiday shopping season.

Consumer 95

Consumer Government Governance Economy 95

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

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

APRIL 30, 2020

As nations put limitations into place to support social distancing in February and March, Mastercard reported that a significant share of consumers tapped into contactless payments for purchases. According to an announcement , the firm’s consumer polling illustrates “accelerated and sustained contactless adoption.”.

Contactless Payments 110

Contactless Payments Visa Consumer Payments 110

PYMNTS

FEBRUARY 27, 2020

A quick glance at the workforce of 2020 doesn’t immediately present itself as all that different from the workforce of the year 2000. That’s because a decade ago, the gig economy was still in its nascent stages. According to the latest edition of the Gig Economy Tracker , PYMNTS found that 42 percent of U.S. gig economy.

Economy 94

Economy Payroll Instant Payments Use Case 94

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 Government 98

PYMNTS

OCTOBER 27, 2020

billion for 2020’s first nine months versus the same 2019 period. The company also raised its full-year 2020 outlook, now expecting adjusted earnings per share to grow at least 11 percent over 2019. And it profited from the digital-first economy, signing 42 eCommerce clients during the quarter.

Economy 67

Economy Contactless Payments Adjustments Processors 67

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

The Fintech Times

OCTOBER 23, 2024

Governmental initiatives across the Middle East and North Africa (MENA) are successfully encouraging consumers to adopt digital payments, while the region is also quickly aligning with global standards, payment solutions provider Checkout.com has revealed.

Facilitators 72

Facilitators Government Governance Digital Payments 72

PYMNTS

DECEMBER 27, 2019

Daniel Pinto, the co-president and chief operating officer of JPMorgan Chase , told CNBC in an interview that 2020 will likely see sturdy economic growth of about 1.5 That, he said, signaled an economy that is strong on consumer spending. percent or 1.8 percent in the United States. Chase reached 8.7

Economy 54

Economy Cryptocurrency Volume Blockchain 54

PYMNTS

FEBRUARY 7, 2020

Instant disbursements are fast cementing their place as a favored payout method for consumers across all manner of business-to-consumer (B2C) interactions. At present, Edwards said, there’s a bit of a disconnect between the way consumers would like to be paid and the way businesses are actually paying them.

PCI DSS 65

PCI DSS Authentication Checks Instant Payments 65

PYMNTS

FEBRUARY 5, 2020

economy $10.3 economy” and the virus, Mark Zandi, chief economist at Moody’s Analytics, told Reuters on Tuesday (Feb. in 2020 instead of 2 percent. . tourism dollars, most of that in 2020, Oxford Economics estimates. China’s outbreak of the coronavirus has triggered travel bans that could end up costing the U.S.

Economy 53

Economy SARS Government Governance 53

PYMNTS

NOVEMBER 11, 2020

11) shows that the Chinese consumer is back — big time. As for Singles Day, this year’s strong sales were notable not only for the records broken but also as a barometer of the Chinese consumer’s overall spending power. According to news site TechNode, the new rules will apply physical-economy statutes to the digital-first economy.

Regs 95

Regs NOV Law Enforcement Economy 95

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

JULY 21, 2020

economy hard, but few areas were hit harder than small businesses. In spite of their small size, they play a critical role in both their local and national economies. economy when everything is really clicking — which it hasn’t been for the last several months,” he said. “On COVID-19 has hit the U.S. The Bumpy Road Ahead.

Credit Union 83

Credit Union Economy Small Business Push-to-Card 83

PYMNTS

NOVEMBER 24, 2020

With restaurant dining rooms closed and Americans forced to rely on their own abilities as home chefs over the last eight months, meal kits have caught a second wind in the pandemic economy. Will consumers keep ordering cookable meals when the easier option of dining out returns? It’s not a question that will be answered tomorrow.

Economy 85

Economy On-Demand Shutdown Consumer 85

PYMNTS

DECEMBER 27, 2019

Daniel Pinto, the co-president and chief operating officer of JPMorgan Chase , told CNBC in an interview that 2020 will likely see sturdy economic growth of about 1.5 That, he said, signaled an economy that is strong on consumer spending. percent or 1.8 percent in the United States. Chase reached 8.7

Economy 61

Economy Cryptocurrency Volume Blockchain 61

FICO

AUGUST 16, 2021

It is relied upon by stakeholders across the entire lending ecosystem – from regulators, investors and boards to consumers, lenders, and brokers – as a baseline metric for assessing credit risk that is fair to both lenders and consumers. . consumer reporting agencies (CRAs). as of April 2020. The Average U.S.

Consumer 98

Consumer Credit Cards Continuity Credit Risk 98

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

SEPTEMBER 21, 2020

But there’s a bigger concern in the figures PYMNTS just released — a fairly big disconnect between Main Street SMB owners and consumers about just how long the pandemic period is going to last. economy hit another round of shutdowns as summer gives way to fall and colder temperatures sweep the country. Will there be additional U.S.

Consumer 111

Consumer Shutdown Risk Economy 111

PYMNTS

FEBRUARY 24, 2020

And today, 384 years later, innovators are still using time to disrupt the status quo across each of the eight cornerstones of our connected economy. Consumers increasingly use mobile phones and other connected devices and apps to make the most of the daily activities that fill those 24 hours. Yet everything has changed.

Economy 83

Economy Online and Mobile Banking Remote Deposit Capture Innovation 83