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

PYMNTS

JANUARY 23, 2020

Discover Financial Services posted fourth-quarter results that topped earnings expectations on the heels of loan growth and payments volume. The company said in supplemental materials filed alongside its earnings report that payment services volume was $66 billion, up 9 percent versus the prior year.

Volume 52

Volume Payments Returns Consumer 52

PYMNTS

NOVEMBER 16, 2020

16) that the company is seeing new consumer spending trends as a result of the pandemic. Speaking at the Citi 2020 FinTech Conference , Vosburg recounted some of the trends seen in the latest quarter and beyond, saying “we see moderate levels of growth” in overall transaction volume and in spending levels and transactions.

Consumer 87

Consumer Cross-Border Visa NOV 87

PYMNTS

DECEMBER 20, 2020

According to data from Coin Dance, per Quartz, bitcoin trades in Nigeria increased around 19 percent per year in volume since 2017. The highest volume of 20,504.50 was traded in 2020. That number is higher than any other non-U.S. market, Quartz reported.

Bitcoin 64

Bitcoin Volume Blockchain Consumer 64

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

JANUARY 24, 2021

Cryptocurrency-related crime fell in 2020, according to a blog post from Chainalysis. percent of all crypto transaction volume, which came out to $21.4 percent, or $10 billion, by 2020, the report says. The crimes that ended up driving the change in 2020 were scams and the darknet market, the blog's stats report.

Crime 93

Crime Bitcoin Multi-Currency Debit Card 93

PYMNTS

JULY 29, 2020

Visa managed to come out ahead of analyst expectations for both revenue and earnings when it reported its Q2 results yesterday (July 29), but the world’s largest card network found itself hit hard by plummeting consumer spending in the second quarter. For the quarter that ended June 30, Visa reported net income of $2.4 billion, or $1.07

Consumer 68

Consumer Cross-Border Cross-Border Payments Volume 68

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

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 Governance Government Digital Payments 72

PYMNTS

JANUARY 3, 2021

Sucharita Kodali , a former Saks executive who now is an analyst at Forrester, told the Financial Times, “Consumers won’t buy from retailers in the first place if they don’t like the return policy.”. As for the logistics companies: What could be better than delivering record volume during a holiday season?

Returns 108

Returns Consumer Volume Process 108

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 18, 2020

The National Restaurant Association ’s initial 2020 outlook was bright, as it projected sales just shy of $900 billion. Eateries are turning to online and mobile ordering as well as delivery to stay afloat, with online order volume from food chains spiking by 225 percent since the pandemic began. The Fraud Threats Of 2020.

Fraud Detection 91

Fraud Detection Security Credit Cards Card Issuer 91

PYMNTS

JULY 14, 2020

Those declines were pushed largely by JPMC’s hard-hit consumer banking segment, where revenue fell 26 percent to $5.1 Moreover, Dimon noted that while the bank saw some of its lending portfolio hit hard by the pandemic during the second quarter, JPMC has also started seeing some green-shoot signs of returning consumer demand.

Volume 65

Volume Credit Cards Non-Bank Push-to-Card 65

PYMNTS

SEPTEMBER 12, 2017

After something of a slow start, mobile eCommerce is set to make up half of all online sales by the year 2020 — worth nearly $250 billion annually. That forecast comes care of “A Mobile Mindset,” the second volume in the five-part series, “The 2017 UPS Pulse of the Online Shopper.”

Volume 82

Volume Transactions Continuity Research 82

The Fintech Times

NOVEMBER 14, 2024

Fuse outlines a few of them: In Egypt, just shy of nine in 10 consumers have used at least one emerging payment method in the last 12 months. In Bahrain, the volume of e-wallet transactions almost tripled between 2020 and 2021. To facilitate the huge volume of remittances, countries have established a number of payment schemes.

FinTech 78

FinTech Payments Emerging Payments APACS 78

PYMNTS

OCTOBER 14, 2020

Usually hosted in early July, Prime Day was conceived to give consumers a reason to go shopping during the dog days of summer when retail sales generally hit their lowest point of the year. In response to the radically shifted reality that emerged in early spring 2020, Prime Day was delayed. billion in sales generated globally and $4.32

Consumer 72

Consumer Volume Payments 72

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

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

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. Because of the large volumes, large corporations tend to do better at making a profit, he said.

Economy 54

Economy Cryptocurrency Volume Blockchain 54

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

Clearly Payments

OCTOBER 7, 2024

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 Consumers quickly embraced mobile wallets and tap-to-pay cards, driven by the desire to minimize physical contact during transactions.

Cross-Border 88

Cross-Border Processors Multi-Currency Contactless Payments 88

PYMNTS

SEPTEMBER 22, 2020

Gluck said digitally-native firms that were already eCommerce-based pre-pandemic were generally well situated to deal with the great upswing in sales volume — and fraud attempts — that COVID-19 has brought. It’s a way for a merchant to protect themselves against bad behavior by the consumer,” he said.

EMV 86

EMV Issuers CHIPS Card Issuer 86

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. Because of the large volumes, large corporations tend to do better at making a profit, he said.

Economy 61

Economy Cryptocurrency Volume Blockchain 61

PYMNTS

DECEMBER 24, 2020

Consumers, in short, entered spring 2020 realizing that their old, largely physical habits for feeding themselves were a bad fit in a world where proximity between themselves and strangers was frowned upon as a public health liability. And so, as PYMNTS data showed, those consumers changed. million consumers around the U.S.

Push-to-Card 82

Push-to-Card Consumer Innovation On-Demand 82

Clearly Payments

AUGUST 24, 2024

Summary of Statistics in this Article In the United States, contactless payments accounted for 34% of all debit card transactions in 2023, a significant increase from 19% in 2020. By 2023, it was estimated that 67% of global consumers had used a digital wallet, with debit cards being the most commonly linked payment method.

Debit Card 82

Debit Card P2P Cross-Border Central Bank 82

PYMNTS

MAY 7, 2020

Square Merchants Shift Online As POS Volumes Sink. Square reported earnings Wednesday (May 6) for the first quarter that showed slowing gross payment volumes, impacted by the pandemic and the shuttering of merchant locations, while the company also took reserves against potential losses. Here’s who they are and what they are doing.

Volume 52

Volume PayPal Enrollments Payments 52

PYMNTS

DECEMBER 31, 2019

Yet, a year from now, we’ll be knee-deep in wrapping paper, and just emerging from the post- holiday frenzy of 2020. merchants and acceptance for Mastercard , said that 60 percent of Mastercard’s card-present volume originates at merchants that are now contactless-enabled, and the company expects to see these numbers increase.

Point-of-Sale (POS) 68

Point-of-Sale (POS) Embedded Payments Contactless Payments BNPL 68

PYMNTS

MAY 30, 2020

The hottest accessory of summer 2020? So consumers who are hoping to go back to work, shop in a store, eat in a restaurant or otherwise socially convene are more likely than not going to need face masks. And most consumers who are not already employed as medical professionals are unlikely to simply have a mask lying around the house.

Consumer 54

Consumer Volume Continuity Process 54

PYMNTS

JULY 28, 2020

June 2020 traffic was off 86.5 May 2020 traffic was even worse, off 91 percent. Consumer confidence is depressed and not helped by the U.K.’s Historical data for May and June disseminated by the IATA shows just how stark the situation has been for airlines during the worst months of COVID-19 so far.

Volume 56

Volume On-Demand Economy Returns 56

PYMNTS

OCTOBER 14, 2020

What we are seeing as we turn into October is that spending by our consumers is still solid and about 10 percent ahead of last year.”. Moynihan said America’s second-largest bank sees consumer and commercial demand continue to improve, alongside a U.S. For example, the bank’s consumer business saw 2.3 “Year to date, across $2.3

Consumer 81

Consumer Credit Cards Non-Bank On-Demand 81

PYMNTS

JULY 29, 2020

A total of 519 million transactions were made through Zelle during the first six months of 2020, with enrollment growing 17 percent compared to the same period one year ago, the company said. During the quarter, consumers made 95 million payments worth $23.8 billion using Zelle.

Zelle 56

Zelle Consumer Payments Enrollments 56

PYMNTS

MARCH 30, 2020

Amid the coronavirus pandemic, PSCU compared transactions of its owner credit union members on a same-store basis between March 2019 and March 2020. Supermarkets/grocery stores experienced the largest rise in spend and transaction volume. The consumer goods space notched an overall increase of 9.2 percent drop.

Debit Card 56

Debit Card Consumer Credit Union Service Organization Credit Union 56

FICO

FEBRUARY 2, 2021

Early in the COVID-19 pandemic, FICO data scientists discovered that the FICO® Resilience Index was a strong predictor of the likelihood that consumers were receiving loan accommodations such as payment deferrals and forbearances following implementation of the CARES Act. .

Consumer 52

Consumer Payer Volume Continuity 52

PYMNTS

NOVEMBER 11, 2020

11) shows that the Chinese consumer is back — big time. The big gains were a great sign that the Chinese economy — and more specifically, consumer spending — is on a post-COVID rebound. The new rules expanded the parameters for determining market share to include factors such as transaction volume, user base, and page views.”.

Regs 95

Regs NOV Law Enforcement Economy 95

PYMNTS

APRIL 16, 2020

Requests for deferrals on mortgage payments have been relatively low in volume, according to Moynihan — though the bank has preemptively suspended foreclosures or repossessions of autos, which may have been pending before the crisis began.

Volume 63

Volume Push-to-Card Direct Deposit Small Business 63

PYMNTS

DECEMBER 28, 2020

The numbers were up quite a bit from the first half of the year, which showed renewed strength in business and consumer shopping habits. 28) on CNBC, said the cargo volume is up 50 percent. CNBC said this situation is a "stark contrast" to the beginning of the pandemic in the spring when the volume of shipments fell dramatically.

Volume 82

Volume On-Demand Consumer 82

PYMNTS

JANUARY 11, 2021

While early to mid-January is always the return season, this year has long been forecast to be a spot more active than its predecessors given the volume of gifts bought online during the 2020 holiday rush. It’s an extreme solution but one the unique conditions of 2020 have created. Everyone Makes Mistakes — Why Returns Surged.

Returns 69

Returns Consumer Volume Process 69