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COVID-19 Sees More Online Grocers Accept EBT SNAP Payments For Food

PYMNTS

Online grocers are increasingly allowing underprivileged consumers to use EBT payments (the modern equivalent of food stamps) at a time when the pandemic has made going to the store too risky for many shoppers. The move by the two companies is just the latest initiative in a growing trend of EBT acceptance for online grocery shoppers.

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Deep Dive: How Buy Online, Pickup In Store Helps Retailers Compete Against Delivery Giants

PYMNTS

A significant share of Generation Z consumers — those aged 18 to 25 — are turning to buy online, pick up in store ( BOPIS ) purchasing models to meet their speed needs. The survey also found that 59 percent of respondents turned to BOPIS to get items faster than online shopping can provide. Risks and Automation Supports.

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Taking A Data-Driven Approach To Meeting CU Members’ Banking Needs

PYMNTS

This shift to primarily digital comes with some perks, such as easier transactions and more connectivity for CU members, but it also means an increase in online payment volume that represents an irresistible opportunity for fraudsters. Other CU organizations are also making moves to help ease the impact the virus has on their customers.

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Bustlingly Busy, Visa’s Vistas Expand

PYMNTS

In the stock market, sometimes sizzlers keep sizzling, especially when online sales are in the offing. Research shows that there are security flaws inherent in coding across several devices that can turn mobile phones, smart watches and TVs into zombie machines that can be compromised by hackers. The lesson here?

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The Dawn Of A Cashless Global Economy?

PYMNTS

There are issues of transaction security, criminal elements, tax evasion, free flow of capital, access to goods and services and the ability to fully participate in the global economy. adults still prefer to use cash for purchases under $5, while 22 percent use debit cards and 11 percent use credit cards.

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Mobile: Why Smartphone Banking Usage Rates Have Stalled

Fintech Labs Insights

Note: The online survey was fielded in December of each year. It''s not security, the #1 reason given by non-users, because I believe mobile banking is significantly more secure. Even then, I was shocked that its mobile app only displayed the last 20 credit card transactions. Those trends were all upbeat.

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