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

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 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

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

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 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. Traditional business became anything but traditional.

Economy 108

Economy Payments Governance Government 108

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 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 Governance Government Economy 95

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

APRIL 6, 2020

Among its many profound impacts, the COVID-19 pandemic has dramatically altered how consumers shop. Even before large-scale stay-at-home policies went into effect, most consumers sought to limit direct contact with people and objects as much as possible when they went out. For the 2020 report, PYMNTS surveyed more than 5,500 U.S.

Point-of-Sale (POS) 93

Point-of-Sale (POS) Consumer Shutdown Contactless Payments 93

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

FICO

AUGUST 23, 2021

Based on the 2020 US Census , the US credit-eligible population (those over 18 years of age) is 258 million people. But how many of those consumers can obtain a FICO® Score? . Calculations by FICO data scientists indicate that more than 232 million US consumers can be scored by the FICO® Score suite.

Consumer 98

Consumer Research CFPB Credit Risk 98

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

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

MARCH 18, 2020

The United States has reached a tipping point on COVID-19, with federal state and local governments implementing new restrictions on where consumers can travel, how many can gather in any given location and requiring restaurants and bars to shut their doors in the hopes of slowing the spread. percent among high-income consumers.

Consumer 96

Consumer Governance Government Research 96

PYMNTS

OCTOBER 15, 2020

The average United States consumer believes the pandemic will not come to an end until Sept. That is 339 days from now, and 557 days after the pandemic was first declared on March 11, 2020. PYMNTS research shows that 41.9 consumers have gone from retail shopping in stores to shopping online since the pandemic began, while 16.6

Consumer 85

Consumer Returns Continuity Research 85

PYMNTS

OCTOBER 1, 2020

Not surprisingly, consumers with lower incomes had less money to spend, and accordingly, the report showed that growth of personal spending also slowed for the fourth straight month, rising by just 1 percent in August. PYMNTS research has shown that more than half of U.S. PYMNTS research has shown that more than half of U.S.

Consumer 95

Consumer On-Demand PayPal Economy 95

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.”.

Consumer 84

Consumer Shutdown Volume Product 84

Faster Payments Council

JUNE 22, 2021

Faster Payments Council (FPC), in partnership with Glenbrook Partners, today released the research report, Why Interoperability is Important to Faster Payments. The report is the latest part of a three-year, multifaceted industry study consisting of quantitative and qualitative research, launched by the FPC and Glenbrook in 2019.

Interoperability 68

Interoperability Faster Payments FPC Research 68

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. Disbursements.

Economy 103

Economy Online and Mobile Banking Credit Union Money Laundering 103

PYMNTS

SEPTEMBER 9, 2020

Fewer and fewer consumers seemed willing to join crowds of bargain hunters, who in some cases would camp out overnight in front of stores to get the first shot at deals. In this case, the driving force is retailers’ prediction of surging eCommerce demand as 2020 closes out.

CHIPS 76

CHIPS NOV On-Demand PayPal 76

PYMNTS

JULY 6, 2020

Only halfway in, 2020 feels, of course, like a decade’s been packed into six months. consumer — and by extension, retailers. Other polls show that roughly 46 percent of consumers see themselves dining out less in a post-pandemic world. Last week, data showed consumer spending rebounded by the most on record in May, up 8.2

Payroll 78

Payroll Consumer Economy Rules 78

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

SEPTEMBER 28, 2020

Many have concerns about things like being taken advantage of by the legions of fraudsters who’ve followed consumers on their new digital journeys. I think the consumers are looking for opportunities to support small businesses during this holiday season,” Burgin said. Strengthening The Digital Offering.

Small Business 94

Small Business Contactless Payments Economy Mitigation 94

PYMNTS

SEPTEMBER 3, 2019

Those innovations did more than just leverage digital and connected devices to make it easier for consumers and businesses to interact and to effectively blend the online and offline worlds. They influenced those choices by changing the consumer’s path to purchase and payment. The Invisible Innovators . stores in 2015.

Innovation 89

Innovation Credential Payments Consumer 89

PYMNTS

NOVEMBER 13, 2020

Power research shows that the number of customers doing their credit applications online has kicked into high gear. Power 2020 U.S. Consumer Financing Satisfaction Study. Power 2020 U.S. Consumer Financing Satisfaction Study. Consumers and Banks Both Like Online Auto Loans. Power, said in releasing the J.D.

Consumer 85

Consumer On-Demand Origination Enrollments 85

PYMNTS

OCTOBER 20, 2020

The launch of the Apple Pay mobile wallet has long been seen as Apple’s attempt at replacing consumers’ use of plastic cards for in-store purchases as their primary payment method. To what extent has it succeeded in changing consumers' use of plastic cards at the point of sale (POS) in physical stores? Today, Oct. percent of U.S.

Consumer 79

Consumer Point-of-Sale (POS) Contactless Payments On-Demand 79

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

PYMNTS

DECEMBER 30, 2020

The pandemic has heaped financial hurt on millions of consumers globally, prompting them to trim their shopping lists and seek flexible ways to make purchases. The trend toward BNPL solutions is particularly notable among certain consumers groups. The Latest Buy Now, Pay Later Developments. One study found that 41 percent of U.S.

BNPL 110

BNPL Point-of-Sale (POS) Payments Consumer 110

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. Retail is now about logistics and the last mile.

Consumer 123

Consumer Caps Research On-Demand 123

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

MAY 6, 2020

But it will take a mindset shift on the part of merchants and consumers — and a return of foot traffic to the stores, of course. As Platko said, the data show that consumers are willing to try something different when it comes to payments, chiefly to avoid touching things. As Webster noted, consumers like their cards.

Consumer 87

Consumer Contactless Payments Push-to-Card Payment Networks 87

PYMNTS

MAY 22, 2020

If you want to know how consumers feel about faster payments, talk to the millions of Americans who still have not received stimulus money as of mid- to late-May. Congressional Research Service projects that the pandemic could reduce global trade by anywhere from 13 percent to 32 percent,” according to the May Faster Payments Tracker.

Faster Payments 137

Faster Payments Real Time Payments Cross-Border Payments 137

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

PYMNTS

APRIL 17, 2020

COVID-19 has driven consumers indoors — and online. Consumers are 30.6 percent more likely to make their purchases online in 2020 than they were in 2019, underscoring the increased reliance on digital commerce now that retail stores are closed until the pandemic recedes. percent to 72.1 percent during the last year.

On-Demand 85

On-Demand Research Consumer Payments 85

Fintech News

DECEMBER 2, 2024

Vietnam is undergoing a transformation and moving towards becoming a cashless economy, a shift that has been driven by innovative financial solutions and public initiatives, a new report by Chiming, a market research firm focusing on Vietnam and Indonesia, shows. E-wallets followed at 31%, ahead of bank cards at 18%.

Financial Inclusion 113

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

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 59

Consumer Void Advisors SWIFT 59