PYMNTS

OCTOBER 5, 2020

While the global pandemic has taken a toll on almost every business, consumer demand for all things touchless is surging — and has even been a driver of growth for QR codes. Although the 20-year-old technology has long enjoyed strong adoption in Asia (especially China), 2020 could go down as the year that U.S.

Contactless Payments 144

Contactless Payments Consumer PayPal Payments 144

FICO

NOVEMBER 8, 2021

As of April 2021, the average FICO® Score in the United States sits at 716 , an increase of eight points compared to April 2020, which is around the time the economic shutdown driven by COVID-19 began in earnest. consumers’ credit behaviors as observed in the underlying credit report data. by Tom Quinn.

Shutdown 98

Shutdown Credit Cards Consumer Payments 98

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.

Origination 92

Origination Push-to-Card On-Demand Shutdown 92

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

PYMNTS

MAY 25, 2020

The balance of 2020 will be notable for what Amazon does not do. The stark fact is that retailers that can stay in business through what is basically a 90-day shutdown have access to a line of credit or receive substantial eCommerce business. Nike will end 2020 as a consistent retail force, commanding respect for more than the shoes.

Shutdown 64

Shutdown Returns On-Demand Governance 64

PYMNTS

DECEMBER 31, 2020

For Main Street businesses, to say 2020 was challenging is an understatement. The good news, according to PYMNTS data , is that as 2020 is coming to a close, small- to medium-sized businesses (SMBs) are feeling genuinely more confident about their odds of continued survival than they were when the pandemic began.

Small Business 67

Small Business PayPal Visa Shutdown 67

PYMNTS

MAY 5, 2020

Online retail giant Wayfair saw its sales surge in the first quarter of 2020, even while its net loss grew. The company’s increase in sales comes as shutdown orders have swept the globe. million during the first quarter of 2020. Wayfair’s total net revenue increased $385.2 million to $2.3 That’s up from $243.97

Consumer 52

Consumer Shutdown Assessments Product 52

PYMNTS

JULY 18, 2020

It’s been 129 days since the NBA officially announced its shutdown and played its last regular-season game of 2020. Consumers lost jobs, burned through savings, worried that their businesses would never reopen or feared they would become casualties of a pandemic that has claimed the lives of some 140,000 Americans to date.

Shutdown 77

Shutdown Ubiquitous On-Demand Caps 77

PYMNTS

JUNE 25, 2020

In fact, for some people, the pandemic’s shutdown of the economy and normal life for several months provided time to breathe, with less stress from transportation or having to leave the house for work. That decline was matched by Gen Z respondents. But finances are a particular point of concern for both generations.

Shutdown 67

Shutdown Economy Finance Consumer 67

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

AUGUST 4, 2020

The first half of 2020 was a tough time to run a small business on Main Street as stay-at-home orders closed down restaurants and retailers for much or all of the past five months. And they had to expand out their consumer base.”. Early on in the pandemic, more than half of those we surveyed (58.4

Real Time Payments 72

Real Time Payments Point-of-Sale (POS) Small Business Settlement 72

PYMNTS

JUNE 19, 2020

American consumers will be spending more time at home this summer as they continue to social distance amid the COVID-19 pandemic, and they are thus examining ways to spruce up their surroundings with home improvements and backyard landscaping projects. European Consumers Show Similar Trends . European Consumers Show Similar Trends .

Consumer 60

Consumer BNPL On-Demand Shutdown 60

FICO

APRIL 13, 2022

As of April 2021, the average FICO® Score in the United States sits at 716 , an increase of eight points compared to April 2020, which is around the time the economic shutdown driven by the COVID-19 pandemic began in earnest. consumers’ credit behavior, credit report, and credit history as observed in the underlying credit score data.

Credit Cards 52

Credit Cards Shutdown Consumer Risk 52

PYMNTS

NOVEMBER 3, 2020

The shutdowns are on in the European Union as COVID-19 cases rise and local leaders work overtime to bend back the curve because their hospital ICU beds are outstripped by the exploding number of new cases. is far from the only continental player tapping into shutdowns. In the U.K., Ownership of voice-activated devices by U.S.

Shutdown 58

Shutdown Consumer Use Case Wires 58

PYMNTS

MAY 4, 2020

A decision to reopen, even partially, must weigh the economic impact of keeping the economy locked down against the availability and effectiveness of treatments that will mitigate or eliminate the risk of another serious outbreak, as well as illness and deaths, within months of reopening – and the potential for another shutdown.

Economy 83

Economy Consumer Risk Returns 83

PYMNTS

JULY 8, 2020

“2020 will be the year when businesses invest in filling their information and skill gaps to take advantage of digital commerce.”. Unfortunately, this extended period of shutdowns and slow economic activity means fewer businesses will be around in the latter half of the year.

Shutdown 64

Shutdown On-Demand Returns B2B 64

PYMNTS

APRIL 29, 2020

The housing market is temporarily grappling with the coronavirus-induced shutdown, which pulled down new listings and new contracts,” said Lawrence Yun, NAR’s chief economist, in a statement. . The housing market is temporarily grappling with the coronavirus-induced shutdown, which pulled down new listings and new contracts,” Yun said. “As

Shutdown 56

Shutdown Economy Consumer 56

PYMNTS

SEPTEMBER 23, 2020

"It's gratifying that KKR sees such incredible value in our brand and that they will continue to support us in doing what we do best — delivering the best vision care to consumers with the highest quality customer service,” 1-800 Contacts CEO John Graham said in the announcement.

Shutdown 81

Shutdown Returns Innovation Consumer 81

PYMNTS

OCTOBER 20, 2020

Until recently there was “a consumer” who industry felt it understood, and whose tastes it knew well enough to gauge the market of new products and services. Business roadmaps predating 2020 aren’t much use these days, however, as COVID has altered the terrain.

Consumer 88

Consumer Shutdown Returns Economy 88

PYMNTS

APRIL 9, 2020

Though they’ve overcome serious technical hurdles, work well, and are now in the hands of billions of smartphone-owning consumers, mobile wallets including those from Big Tech players Apple and Google are starving for share as Q1 2020 usage slipped below an unimpressive 2019. Between March 10 and March 18 PYMNTS surveyed 5,557 U.S.

Point-of-Sale (POS) 56

Point-of-Sale (POS) Shutdown Consumer Volume 56

PYMNTS

DECEMBER 30, 2019

When ABG was announced as Barneys’ owner, the company said Saks Fifth Avenue would serve as a partner for both in-store and eCommerce transactions – so the shutdown of Barneys’ sites is as expected.”. At the same time, interest from young consumers who are conscious about sustainability has provided an opportunity for the industry.

Shutdown 53

Shutdown Transactions Authentication Continuity 53

PYMNTS

AUGUST 14, 2020

1, 2020 of $893.2 As insight into consumer behavior grows, management continues to execute inventory control measures with the continual goal of aligning purchases with sales,” Dillard’s said in a statement. According to Placer, Macy’s had already started off 2020 with mixed traffic numbers, seeing year-over-over visits down 0.9

Shutdown 70

Shutdown Continuity Consumer Payments 70

PYMNTS

DECEMBER 14, 2020

There are less than two weeks until Christmas, and the retail industry, as per usual in 2020, finds itself in uncharted territory. And just weeks after they could open for limited business, malls and department stores are threatened with another nonessential retail shutdown as the virus surge rages on. Fragrance is booming.

On-Demand 89

On-Demand Shutdown Consumer Economy 89

PYMNTS

DECEMBER 24, 2020

On the whole, Karen Webster noted on New Years Day, 2020, making predictions at this time of year is irresistible, risky business. But no one was predicting a global pandemic that would shutdown the travel industry, events and physical retail. That reconfiguration has meant that the places consumers call home have had to change, too.

Economy 82

Economy Consumer Shutdown Transactions 82

PYMNTS

MAY 5, 2020

The COVID-19 pandemic hit Disney hard for the first three months of 2020, with overall revenue down $1.4 Only the final few weeks of the quarter absorbed the worldwide shutdown of Disney’s theme parks. billion largely stemming from its ravaged theme park sector, which has been closed since mid-March. billion, up from $14.9

Shutdown 65

Shutdown Adjustments Volume Product 65

PYMNTS

DECEMBER 23, 2020

In addition, some financial institutions catering to small companies will keep getting government support following a large shutdown earlier in 2020 because of the coronavirus. Ant has two credit subsidiaries that include Huabei and Jiebei, which is a short-term consumer loan provider.

Credit Limit 59

Credit Limit Shutdown Credit Cards Blockchain 59

PYMNTS

JULY 7, 2020

That change in consumer behavior had a lot to do with the market crash of 2008 and differing ideas about financial security, especially between ascendant millennials and cohorts with less collective spending clout. consumers to shift as much as $100 billion in annual spending from credit to debit cards.”. My Money, My Way.

Credit Cards 54

Credit Cards Debit Card Push-to-Card Card Issuer 54

PYMNTS

SEPTEMBER 7, 2020

The second is the rise of direct-to-consumer (DTC) brands. billion , with that figure expected to grow more than 24 percent in 2020. As Labor Day is the gateway to the all-important fourth quarter, it’s a good time to look at where the DTC category will end up when the dust has finally cleared on 2020: How COVID-19 Boosted DTC.

On-Demand 100

On-Demand Shutdown Consumer Gateways 100

PYMNTS

DECEMBER 30, 2020

The year 2020 is no different in this regard, except for the fact that every single person saying it this time around absolutely means it — and is being 100 percent accurate in the description. But by midsummer, Clark said, the data show that consumers will start entering a far less shutdown world. Following The Roadmap Faster.

Credit Union 82

Credit Union AI Push-to-Card Shutdown 82

PYMNTS

SEPTEMBER 7, 2020

The difference is in the way the shutdowns earlier this year spurred demands for trucks that could withstand rougher terrains as Americans turned more to vehicles ready for road trips to get out of the house. Car sales are down 19.8 percent, according to stats from Motor Intelligence.

Shutdown 71

Shutdown On-Demand Research Economy 71

PYMNTS

JULY 2, 2020

If department stores survive this pandemic, July 1, 2020 will almost certainly mark the point where the format reached one of its darkest days. in general and Southern states in particular unable to control the spread of COVID-19 at this point, the scenario of yet another retail shutdown looms. s John Lewis – and, in the U.S.,

Shutdown 98

Shutdown Returns Caps Advisors 98

PYMNTS

MAY 15, 2020

Consumer spending, which represents roughly two-thirds of the U.S. Net-net, consumers couldn’t get out to shop last month as the pandemic virus fight kept them at home, and the result is an economy that has simply collapsed,” Chris Rupkey, chief financial economist at MUFG Union Bank, told CNBC. GDP, took a 16.4

Federal Reserve 92

Federal Reserve Shutdown Economy Consumer 92

PYMNTS

APRIL 27, 2020

Shipments and spending were down in the first quarter of 2020 compared to the fourth quarter of 2019, according to the U.S. Despite the strong movement of consumer staples during the second half of March, both the shipment and spend indexes contracted from Q4 2019,” the report said. Bancorp Freight Payment Indexes.

Shutdown 52

Shutdown Payments Volume On-Demand 52

PYMNTS

SEPTEMBER 22, 2020

22) that long-postponed Amazon Prime Day 2020 will be now be held Oct. It has waited long enough to see shipment times improve on non-essential items across most regions, but not so long that it’ll compete with its own early Black Friday 2020 deals. In addition to its desire to dominate the whole U.S. 13 through 14.

Shutdown 67

Shutdown Economy Risk Continuity 67

PYMNTS

DECEMBER 31, 2020

Take a look (and have a listen) at our 10 favorite podcasts from 2020. As much as a click from the Kardashians helped spread the brand awareness and jump-start his company, Molnar said, as a spending trend among young consumers set the stage for BNPL's success. Is 2020 Healthcare’s Year To #KillTheCheck?

Innovation 115

Innovation Payments Shutdown On-Demand 115

PYMNTS

JULY 2, 2020

Associated British Foods (ABF), Primark’s parent company, which operates a portfolio of shops in 52 countries, said the shutdown would cost them more than 600 million euros ($674 million) in lost earnings. Primark also experienced a cash outflow of 800 million euros ($899 million) as it kept paying suppliers while its U.K.

Shutdown 52

Shutdown Origination Finance Product 52

PYMNTS

JULY 29, 2020

In an earnings season defined by diminished expectations amid the worldwide economic shutdown, PayPal not only beat analysts’ expectations Wednesday (July 29) but enjoyed a record quarter. We’re committed to supporting our consumers and merchants as they work to safely navigate this new reality.”.

Venmo 84

Venmo PayPal Direct Deposit Adjustments 84