Sat.Nov 14, 2020 - Fri.Nov 20, 2020

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Today In Payments: US Consumers Pay Down $10B In Credit Card Debt In Q3; Amazon Takes On Pharmacies

PYMNTS

consumers paid off $10 billion in credit card debt in the third quarter of 2020, and Amazon Pharmacy launched for consumers to order prescription medications. Americans paid off $10 billion in credit card debt in the third quarter of 2020, following a record $76 billion drop in credit card debt in the second quarter.

Cards 227
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[Perspective] Digital Account Opening: The Secret to Growth Amid Covid-19?

Perficient

Nobody in the banking industry planned for a year like 2020. At the same time, Covid-19 presents opportunities for business leaders in the banking industry and beyond to develop strategies and branding that will define their future, as distinct market forces and customer behaviors will certainly emerge in the “new normal.”

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Knowing When Payments Are Instant – And When They’re Not

PYMNTS

With all of the problems and challenges 2020 has thrown at us, the last thing anyone needs is a nagging perceptual rift between payees and payers about what “instant” means. Yet, there it is. The majority of consumers, at 58.4 percent, and microbusinesses, at 70.8 Payers claim, however, that they make only 45.3 Awareness Drives Usage.

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Google, Mobile Wallets Pave Roadmap To Super Apps

PYMNTS

The pandemic has had an impact on digital wallet usage – in other words, up and to the right. And 88 percent of shoppers surveyed across eight countries use digital wallets. Drilling down a bit, in an interview with PYMNTS, Helena Mao, vice president of global product strategy for payments at Blackhawk, stated that 61 percent of U.S.

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Can Low Credit Card Balances Save Holiday Spending? Don’t Bet On It

PYMNTS

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. Consumers have cut back on travel, in-person entertainment and restaurant spend. They have paid down their credit cards.

Cards 302
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Digitizing Secure Remote Work and Trusted Workplace

Cisco

Key considerations include the following: Ways to accelerate digitization of Remote Work and Trusted Workplace. Cisco Meraki creates the simplest, most powerful Cloud Managed IT solutions and connect passionate people to their mission by simplifying the digital workplace. Build together the Secure Retail Bank of the Future.

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