PYMNTS

DECEMBER 14, 2020

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. Can revenge shopping, or pent-up demand, drive department store and luxury sales? Saks President and CEO Marc Metrick is among those who have expressed optimism.

On-Demand 89

On-Demand Shutdown Consumer Economy 89

PYMNTS

APRIL 28, 2020

The ongoing coronavirus pandemic is disrupting financial services, as consumers pull back on spending, raise cash to deal with emergencies and take to ordering, well, everything online. He cited contactless cards and wearable devices as ways and means for consumers to continue to shift away from cash. Shuttered branches.

Credit Union 99

Credit Union Online and Mobile Banking Shutdown On-Demand 99

PYMNTS

MAY 7, 2020

I think it has changed the way consumers are thinking about their purchase decisions,” Recurly CEO Dan Burkhart noted in this week’s On The Agenda Digital Discussion with Karen Webster, along with FabFitFun CEO Daniel Broukhim and Handy Technologies CEO Oisin Hanrahan. “I Consumers, the panel noted, don’t want or need fewer things.

Consumer 61

Consumer Economy On-Demand Shutdown 61

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. Demand Rises For Furniture, Garden Supplies . Department of Commerce announced.

Consumer 60

Consumer BNPL On-Demand Shutdown 60

PYMNTS

DECEMBER 31, 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. Although Edwards said that only 10 percent of consumers want to be paid by check, about 40 percent are still paid that way.

Innovation 115

Innovation Payments Shutdown On-Demand 115

PYMNTS

SEPTEMBER 7, 2020

The second is the rise of direct-to-consumer (DTC) brands. eCommerce spiked because consumers demanded it and drove it. One was driven by demand; the other was driven by necessity. The first had to go direct-to-consumer as products because they didn't have a shot at traditional retail exposure.

On-Demand 100

On-Demand Shutdown Consumer Gateways 100

PYMNTS

APRIL 27, 2020

At stake are the early returns on some issues that will determine the nature of consumer behavior and spending patterns, which are the lifeblood of retail for any season. As reported in the PYMNTS COVID-19 tracker just a week ago, consumers are willing to wait out their social exposure until they feel it’s safe to do so. “If

Shutdown 77

Shutdown Economy On-Demand Consumer 77

PYMNTS

NOVEMBER 22, 2020

And because of that, many buyers are having to order cars online and wait a few weeks for them to be delivered — a move running contrary to some consumers' desire for instant gratification. Now, dealers are finding that the demand keeps profits higher. The change, WSJ speculated Sunday (Nov.

Posting 77

Posting Shutdown On-Demand NOV 77

PYMNTS

APRIL 13, 2020

As most of our readers have likely noticed, since early March, toilet paper has gone from an afterthought during the weekly grocery run to the hottest consumer good in the U.S. Because it is also a low profit margin good, it is produced to meet the demand. Closely followed by disinfectant spray. Proctor & Gamble Co.

On-Demand 118

On-Demand Shutdown Product Returns 118

PYMNTS

NOVEMBER 2, 2020

Interestingly, the World Bank cited the pandemic and related shutdown as the main cause of the trend, pointing to lower wages and lost jobs as a key factor. Despite the World Bank's prediction, it seems that the need to send and receive money has actually elevated, so long as consumers have the ability to do so digitally.

B2B 96

B2B Non-Bank Volume On-Demand 96

PYMNTS

SEPTEMBER 24, 2020

But the past six months have made a huge difference, particularly since it included a global pandemic, a nationwide shutdown of physical commerce and a slow (and highly digital) road to recovery for both consumers and merchants. McFarland said that “is absolutely an area where we are seeing and hearing increased demand from merchants.

Checks 105

Checks Small Business ISOs Point-of-Sale (POS) 105

PYMNTS

SEPTEMBER 1, 2020

The main impetus for consumers is convenience. That convenience often comes in the form of contactless shopping, on-demand fulfillment and the availability of products when needed. Its last valuation was $600 million in 2018, Reuters reported, citing data from PitchBook.

Shutdown 82

Shutdown On-Demand Checks Process 82

PYMNTS

NOVEMBER 24, 2020

As it turns out, the average person only has so many recipes stored in their mental cookbook, and within a few weeks of eating them on repeat, consumers rapidly found that they needed the kind of outside guidance that meal kits provide. Will consumers keep ordering cookable meals when the easier option of dining out returns?

Economy 85

Economy On-Demand Shutdown Consumer 85

PYMNTS

APRIL 20, 2020

PYMNTS’ Navigating the COVID-19 Pandemic: How the Paycheck-to-Paycheck Economy Is Beginning to Buckle reveals that the consumers who have already been hit hard by the epidemic, economically speaking, are bracing for an even harder future. Of the U.S. workers we spoke to, 48.8 percent reported being “very” or “extremely” concerned.

Consumer 56

Consumer Underwriting Economy Laws 56

PYMNTS

MARCH 19, 2020

Eateries throughout the nation are laying off staffers as consumers prepare food in their residences and the outbreak shutters dining rooms. In other news, an increase in the number of individuals working from their residences due to the coronavirus has led to a rocketing demand for portable computers, The Wall Street Journal reported.

Consumer 52

Consumer On-Demand Shutdown Product 52

PYMNTS

APRIL 17, 2020

However, there is one lesson that is already becoming clear from 2020’s black swan event, as businesses safeguard against future disasters — in our interconnected world, one cannot be prepared for the worst without taking into consideration the disruption of both supply and demand. Still, there were some factors preventing total shutdown.

On-Demand 92

On-Demand Shutdown Volume Procedures 92

PYMNTS

MARCH 30, 2020

Consumer confidence was at an all-time high, and unemployment at an all-time low. Consumer spending was strong, as were their household balance sheets. The construction and manufacturing sectors were the most bullish, as consumers bought new houses and invested in improving the ones in which they were living. Nearly 30 (29.4)

On-Demand 92

On-Demand Credit Cards Returns Shutdown 92

PYMNTS

MAY 22, 2020

Le Garrec said Petit Robert has been serving up dining experiences — on-demand and remotely — well enough to recoup 40 percent of its former business, “so it’s not that bad.”. Le Garrec described his initial experience of the shutdown as something of a mad dash for survival. But will the consumers actually return?

Shutdown 97

Shutdown Returns Checks On-Demand 97

PYMNTS

SEPTEMBER 3, 2020

But COVID-19’s virtual shutdown of in-person dining nationwide has pushed the firm’s growth to closer to 800 percent for 2020. Wen doesn’t think those gains will be temporary among either consumers who’ve embraced food delivery as part of their “dining out” repertoire or among restaurateurs looking to expand their business.

On-Demand 75

On-Demand Shutdown Underserved Use Case 75

PYMNTS

JANUARY 17, 2021

It was supposed to be a compelling option for consumers in the connected economy, but the subscription model for automobiles is hitting some speed bumps as BMW and Audi are pulling back on their programs. Unfortunately the Access by BMW subscription program is ending on Jan. Audi has also canceled its subscription service. Down but Not Out.

On-Demand 81

On-Demand Shutdown Consumer Finance 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. In chronicling the digital shift since it went into high-gear last spring, PYMNTS has gathered valuable business intelligence on the demands of new digital-first consumers.

Consumer 88

Consumer Shutdown Returns Economy 88

PYMNTS

OCTOBER 1, 2020

Showfields was faced with either closing its operation or changing its business model to shift its business online during the statewide shutdown. Three weeks following the declared shutdown, Showfields began streaming live video shopping sessions on its new website. This all changed on March 20, when New York Gov.

Economy 60

Economy Shutdown On-Demand Product 60

PYMNTS

JULY 3, 2020

Small- and medium-sized businesses have been hit hard by the pandemic, but most are scrambling into digital pivots to blunt the impact of physical stores’ shutdowns, Colleen Taylor , executive vice president and head of merchant services at Wells Fargo , told Karen Webster during a recent conversation. A Focus on Contactless Commerce.

Economy 98

Economy Push-to-Card Small Business Shutdown 98

PYMNTS

APRIL 9, 2020

As of today, given the wave of stay-at-home orders and mounting consumer anxiety about the outbreak, no one is eating in restaurants. There was an early hope that those consumers who weren’t eating out would instead order in and either get delivery or curbside pick-up.

Shutdown 87

Shutdown Consumer On-Demand Economy 87

PYMNTS

APRIL 29, 2020

And hard times caused by the mass shutdowns may not necessarily be alleviated by the phased recovery that will start allowing movie theaters to re-open over the next several weeks. While theaters may have closed down, consumers’ demand for movies has not disappeared. That demand has been met by movie studios.

On-Demand 68

On-Demand Shutdown Consumer Blocks 68

PYMNTS

OCTOBER 30, 2020

consumer spending is improving as well. consumers are much more interested in buying things these days than they are in buying experiences, reversing the trend of the past few years. As PYMNTS' most recent survey shows, consumers are worried about the pandemic and looking to avoid exposure to it as much as possible.

Shutdown 76

Shutdown Consumer On-Demand Adjustments 76

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. A new vehicle, on average for August, costs around $35,420, according to research by the firm J.D. Car sales are down 19.8

Shutdown 71

Shutdown On-Demand Research Economy 71

PYMNTS

AUGUST 31, 2020

The government agency said shutdowns imposed to prevent the spread of the coronavirus since late March caused the decline, the worst it has been in two dozen years. But consumer demand and manufacturing have not improved, the AP reported. In May, India announced a $266 billion stimulus package to help taxpayers and businesses.

Economy 60

Economy Shutdown Governance Government 60

PYMNTS

MAY 21, 2020

Both startups have now launched delivery of alcohol in India as a way to meet the increased demand for alcohol amid lockdowns — and boost their revenue. consumers to find out how the pandemic has affected their shopping habits, and whether they will maintain those new habits once shutdowns are over. PYMNTS surveyed 2,047 U.S.

Shutdown 57

Shutdown On-Demand Consumer 57

PYMNTS

JULY 8, 2020

Unfortunately, this extended period of shutdowns and slow economic activity means fewer businesses will be around in the latter half of the year. However, this doesn’t discount the massive changes that have impacted consumer and business markets, and it doesn’t undercut the lessons we can take away from this crisis.

Shutdown 64

Shutdown On-Demand Returns B2B 64

PYMNTS

MAY 29, 2020

The consumer savings rate hit a historic 33 percent in April, as Americans hunkered down amid COVID-19, the U.S. Analysts told CNBC while consumers account for more two-thirds of the economy, the recovery will depend upon whether the increase in savings stems from the shutdown or reflects a structural change in consumer habits.

Shutdown 58

Shutdown Economy On-Demand Consumer 58

PYMNTS

JULY 19, 2020

As the virus has reemerged leading to business shutdowns for a second time, furloughs are becoming permanent, and production has been put off. We’re seeing stalling demand growth at this point,” Delta CEO Ed Bastian told WSJ. But I also worry about the psychological impact on consumer confidence.”. economy won’t be an easy one.

Federal Reserve 70

Federal Reserve Shutdown Economy On-Demand 70

PYMNTS

APRIL 16, 2019

Consumer loans, on the other hand, were up 3 percent, while loans to businesses picked up 4 percent year on year – both of which drove increased revenue through higher U.S. Chief Executive Brian Moynihan cited demand for credit from middle-market business, and noted that was “good news for the economy overall.” interest rates.

Zelle 61

Zelle Transactions P2P Mobile Banking 61

PYMNTS

SEPTEMBER 17, 2020

Companies which have helped to provide a bridge to some semblance of normalcy, principally in technology, have seen increased demand for their services,” Mark Hamrick, senior economic analyst with Bankrate.com, said in a statement. For the week ending Sept. Department of Labor (DOL) reported on Thursday (Sept.

Shutdown 56

Shutdown Adjustments On-Demand Governance 56

PYMNTS

DECEMBER 28, 2018

Home improvement product sales, meanwhile, increased 9 percent, a growth trend that started before the holiday shopping season, and which Sadove attributed to sluggishness in new housing sales and a resulting “reinvestment” by consumers in their existing residences. Consumers also were interested in investing in new fashion trends.

Visa 62

Visa Consumer On-Demand Shutdown 62

PYMNTS

JULY 1, 2020

Grappling with such increased demand with fewer resources might make it challenging for banks to satisfy at least some regulatory requirements, such as data privacy. Conference of Mayors and the National Association of Governors that local shutdown orders “potentially threaten the stability and orderly functioning of the financial system.”.

OCC 66

OCC Compliance Risk Office of the Comptroller of the Currency 66

PYMNTS

APRIL 27, 2020

“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. The lockdown has created an increased demand for grocery items and other necessities while “binge buying” led to shortages caused by supply chain issues. . As the U.S.

Shutdown 52

Shutdown Payments Volume On-Demand 52