Payments Dive

AUGUST 8, 2022

While card issuers are bracing for economic headwinds, consumer spending has continued to rise recently, including for apparel, jewelry and travel.

Cards 243

Cards 243

Payments Dive

OCTOBER 3, 2022

“Consumers are shifting their spending in the face of higher prices and a reinvigorated appreciation for experiences,” Mastercard said in a new report.

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Report 195

Payments Dive

MAY 26, 2022

The cryptocurrency market downturn has led marketing spend in this sector to plunge, especially after unprecedented highs seen during Super Bowl LVI.

Marketing 221

Marketing cryptocurrency 221

PYMNTS

DECEMBER 28, 2020

But even still, as Mastercard got out first with its spending data, that widely reported 3 percent uptick is a bit below what could have been lofty expectations. As the season’s buying phase ends, and the dreaded returns begin, here are five takeaways from the Mastercard holiday spending report. percent, according to Mastercard.

Data 260

Data Retail Online Report 260

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.

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Study Survey Data Examples 238

PYMNTS

OCTOBER 6, 2020

22 with an average age just under 16 years old and an average household income of $67,500, found teens reported spending about $2,150 this year. Annual spending by teens peaked in 2006 at $3,023, the survey said. Girls are spending about $160 more on clothes than boys, researchers found. 19 and Sept. Nike has maintained the No.

Survey 255

Survey Report Branding Groups 255

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.

Cards 302

Cards Retail Survey Trends 302

PYMNTS

AUGUST 19, 2020

This manual system has been a source of frustration for both workers and their employers for years, but the pandemic has exacerbated the systems’ deeper flaws and served as a catalyst for a wave of spend ma nagement innovation. Around The Everyday Workforce Spending World. Barclaycard On Everyday Spend Management And The Digital Shift.

Cards 233

Cards Exercises United States System 233

Payments Dive

JANUARY 31, 2020

Visa reported strong earnings during the fiscal first quarter, fueled by solid e-commerce and retail spending that offset weaker travel and restaurant spending.

Retail 300

Retail Report 300

PYMNTS

SEPTEMBER 4, 2020

The latest installment of the PYMNTS Whole Paycheck Tracker is an in-depth look at how the pandemic affected the two companies as they continued to position themselves as a fixture in overall consumer spend and overall retail spend. When it comes to Amazon’s share of consumer spending, things get a bit more complex.

Retail 249

Retail Seattle Exercises Online 249

PYMNTS

OCTOBER 20, 2020

It’s just a week into the earlier-than-usual 2020 holiday selling season and already three facts are clarifying the retail picture: consumers are going to spend less overall, they are going to spend more time online and they don’t want to touch anything in the process. percent of consumers will spend more than they did in 2019.

Online 159

Online Millennials Retail Chicago 159

Payments Dive

NOVEMBER 29, 2023

The Black Friday through Cyber Monday shopping weekend was a boon for BNPL providers and payments companies such as Stripe and Square.

Payments 221

Payments Company 221

PYMNTS

APRIL 28, 2020

The goal in both cases was the same: to stimulate spending among consumers in an effort to prop up a sagging economy. It also explains some of the data on how consumers are spending – and expect to spend – their stimulus checks. That syncs up with data from Cowen and Co., But I’m pretty concerned about the future.”.

Boston 215

Boston Survey Massachusetts Report 215

PYMNTS

JUNE 26, 2020

consumer spending skyrocketed in May for the biggest jump on record, but the news was offset by a drop in personal income and the threat of another wave of economic disruption as coronavirus infections surge in the Sunbelt and now in California as well. Consumer spending jumped 8.2 percent in May, the U.S.

Florida 254

Florida Texas California Analysis 254

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.

Conference 218

Conference Trends Digital Strategies America 218

PYMNTS

DECEMBER 10, 2020

Bank of America customers are spending more across all accounts than they did last year, but more stimulus is needed to support small businesses and people who are unemployed, according to CEO Brian Moynihan. When you look at what they’re spending year-to-date, they’ve spent more in 2020 than they did in 2019, and that is now across $2.7

America 243

America Cards Report Retail 243

Bank Innovation

APRIL 21, 2020

Lenders have had to spend unprecedented funds on compliance in the first quarter, which could shift resource allocation at banks and credit unions and hamper post-pandemic fintech partnerships.

Compliance 259

Compliance Fintech Resources Innovation Strategies 259

PYMNTS

JANUARY 26, 2021

Managing spend for organizations typically comes with a lot of paper, manual processes and headaches. At most, a manual approach to spend management can attempt to uncover potential patterns: an employee that is continually breaching internal spend policy, for instance. Spending Disparity.

Analytics 189

Analytics Compliance Management Data 189

PYMNTS

JANUARY 26, 2021

Delinquency rates are at some of the lowest levels seen in the past few years, according to the latest results — but revenue metrics show there’s still a ways to go as we transition fully beyond the pandemic’s impact, particularly in travel-related spending. Travel-Related Spend Suffers. Travel-Related Spend Suffers.

Cards 208

Cards Conference Management Company 208

Payments Dive

SEPTEMBER 22, 2023

Consumer outlays for electronics and at restaurants are expected to boost expenditures this year, according to the card network.

Cards 273

Cards 273

Payments Dive

JANUARY 27, 2023

The card companies said that consumer demand, including for travel, remained healthy in the fourth quarter of 2022, though growth moderated.

Cards 433

Cards Company 433

PYMNTS

NOVEMBER 25, 2020

With the rapid shift to digital, financial institutions (FIs) expect to spend 15 percent more in 2020 to protect their networks, according to a previous Deloitte & Touche survey. The survey found that some FIs plan to spend over $3,000 on cybersecurity per employee this year. And in another recent study, J.P.

Study 304

Study Survey Fraud Compliance 304

BankInovation

FEBRUARY 27, 2024

Scotiabank‘s tech spend climbed in the fourth quarter as the bank invested in digitalization and automation to keep up with client demand. The Canadian bank’s spend on technology during the quarter increased 13% year over year to CA$570 million ($421 million), according to the bank’s earnings supplement.

CA 66

CA Technology Retail 66

PYMNTS

APRIL 21, 2020

The coronavirus pandemic winds on, and while it seems like it’s been forever, when — and not if — we emerge from all this, consumer spending will be altered. Overall credit card spend was down 29.9 percent and debit card spend was off 18.1 Overall credit card spend was down 29.9 percent and debit card spend was off 18.1

Cards 168

Cards Comparison Payments Mobile 168

PYMNTS

JANUARY 26, 2021

Consumer spending is on the rise, improving 9 percent so far this year, Moynihan said, per Bloomberg. People are spending money, people are engaging in the economy differently,” Moynihan said, according to Bloomberg. Bank of America CEO Brian Moynihan said the U.S. up from 87.1 in December.

America 164

America Conference Report Marketing 164

PYMNTS

AUGUST 21, 2020

American businesses have a multitiered spending problem. Many reimburse their staff members for company purchases after they are made, meaning they have little or no insight into how much money those workers spend until transactions have been finalized. The ongoing pandemic is compounding these spending oversight issues.

Tools 179

Tools Management Cards Operations 179

PYMNTS

AUGUST 4, 2020

Financial institutions (FIs) plan to spend 15 percent more protecting their computer networks in 2020 than they spent in 2019, according to a report based on the results of a survey conducted by Deloitte & Touche LLP and the Financial Services Information Sharing and Analysis Center.

Survey 265

Survey Security Analysis America 265

Payments Dive

MARCH 28, 2023

Global credit card transaction value rose both online and in stores last year, despite an earlier FIS projection of a decline.

Cards 448

Cards Report Online 448

PYMNTS

JUNE 22, 2020

To be clear: We’re not talking about the economic theory that posits that incenting business and relatively wealthier individuals to spend — chiefly through tax cuts — benefits just about everyone. And as the spending is curbed, from the top down, the economic recovery may be pushed out a ways, or even stalled.

California 227

California Taxes Analysis Study 227

PYMNTS

NOVEMBER 1, 2020

Suplari , which works in spend agility, has debuted the next version of its Spend Industry Cloud, which has 175 different automated insights to help predict and manage costs, cash flow and investments, a press release says.

Tools 213

Tools Analytics Data Policies 213

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. An Uncertain Spending Forecast . percent in August, down from 17.8

Data 238

Data Retail Online Report 238

PYMNTS

DECEMBER 7, 2020

RLJ Financial On Managing B2B Spend With Virtual Cards. There are many technologies that are gaining traction in this shifting environment, but virtual cards are emerging as uniquely poised to meet businesses’ need for flexible spend management tools and employees’ demands for touchless payment options. About The Playbook.

Management 268

Management Cards Company Innovation 268

PYMNTS

NOVEMBER 4, 2020

From a mobile app to beefed-up rewards, the latest solutions are embracing the shift of spend to the card. Expense management and accounts payable (AP) automation solution provider Emburse is rolling out new card solutions designed to help organizations manage their travel spend. Pleo Centralizes Card Spend Data.

Cards 162

Cards Innovation Management ATM 162

PYMNTS

AUGUST 5, 2020

Yet the evolution is ongoing, and many organizations that have embraced automated expense management software solutions have nonetheless found themselves in a predicament of managing employee spend — particularly today, when professionals are working from home and shifting their buying habits even more quickly than before.

Cards 199

Cards Software Management Tools 199

PYMNTS

FEBRUARY 16, 2020

According to data and surveys by the government, there existed a schism between slightly depressed manufacturing numbers and consumer spending, which was up in January. The rise in spending was a relief to analysts after a weak holiday season. Gregory Daco, an economist at Oxford Economics said it was an “ongoing dichotomy.”.

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US Michigan Survey Industry 159