PYMNTS

DECEMBER 10, 2020

According to PYMNTS’ new study, Buy Now, Pay Later: Millennials and the Shifting Dynamics of Online Credit , which surveyed nearly 15,000 U.S. While some pundits have said rising BNPL use is due to younger consumers’ aversion to – or lack of – traditional forms of credit, the PYMNTS study showed a different reality.

Study 173

Study Millennials Survey Online 173

BankInovation

SEPTEMBER 23, 2021

Consumers seeking buy now pay later (BNPL) credit also actively utilize credit card debt instead of replacing one with the other, according to a study released today by consumer credit reporting agency TransUnion.

Study 97

Study Cards Report Retail 97

PYMNTS

APRIL 13, 2020

As the coronavirus pandemic continues to disrupt personal finances, a study by credit union service organization (CUSO) PSCU shows that overall credit card spending is down 29 percent for the week ending April 5, compared to the same period in 2019. Debit card spending is down 12 percent for the same period. percent drop.

Study 141

Study South Dakota North Dakota Wyoming 141

South State Correspondent

JANUARY 7, 2020

payments study, and, as usual, it had some eye-opening trends that all banks need to consider for their long-term strategic planning. RETHINKING PAYMENTS Last month, the Federal Reserve released its 7 th , tri-annual U.S.

Study 221

Study Trends Payments Examples 221

PYMNTS

DECEMBER 9, 2019

Cards over cash – specifically, debit cards over cash. And debit card transactions, the report notes, have become the most widely used payment method , ahead of cash, at least as measured by value. consumers surveyed made more than half their payments with cards, at 54 percent of payments or 24 transactions.

Study 140

Study Payments Cards Survey 140

Bank Innovation

AUGUST 17, 2017

Mobile wallets may be all the buzz, but debit cards were still the most popular of payment method in the U.S. According to the 2017 Debit Issuer Study released earlier this week, debit card transactions were at a record high in 2016, with 23.6 in 2016, according to a recent report by PULSE. transactions per […].

Cards 290

Cards Mobile Study Report 290

American Banker

FEBRUARY 18, 2024

The median interest rate that large credit card issuers charged consumers with good credit in the first half of 2023 was 28.2%, compared with 18.15% at smaller banks and credit unions, according to a study by the Consumer Financial Protection Bureau, which is on a campaign against excessive fees.

Cards 92

Cards Study Compliance Regulation 92

PYMNTS

JULY 14, 2020

Americans add $74 billion in avoidable costs to regular bills, the bill-paying service Doxo concluded in a new study published on Tuesday (July 14). household has $72,000 in combined home mortgage, auto loan and credit card debt. The survey results were combined with other data to produce the report’s findings. .

Study 146

Study Survey Analysis Fraud 146

Bank Innovation

DECEMBER 12, 2017

The total number of card payments across the globe will reach 483 billion by 2022, more than double the rate that card numbers will grow, a study by London-based research firm RBR found. Card payments will more than double by that time with a growth of 56%, according to the study, which was released yesterday. […].

Cards 207

Cards Payments Study Online 207

Bank Innovation

AUGUST 10, 2017

The average credit card has six attached fees, despite the increasing consumer preference for no fees at all. This is according to a study by CreditCards.com released yesterday conducted by Harris Poll, which surveyed 100 general-purpose credit cards.

Cards 236

Cards Study Survey Payments 236

Banking Exchange

AUGUST 23, 2021

Study finds that midsize credit card issuers report greater drop in customer satisfaction levels compared to national counterparts Retail Banking Financial Trends Feature Feature3 Financial Research Cards Payments.

Cards 158

Cards Meeting Study National 158

Payments Dive

AUGUST 2, 2018

A recent study from A.T. Kearney urges FIs en masse to begin issuing contactless cards now that merchants have the necessary payment terminals and consumers are more aware of the “tap,” thanks to NFC-enabled mobile payments.

Cards 279

Cards Study Mobile Payments 279

Bank Innovation

NOVEMBER 5, 2019

According to a Deloitte study, perks like cash back and discounts are continuing to drive the loyalty of credit card customers.

Cards 170

Cards Company Study Tools 170

PYMNTS

DECEMBER 2, 2020

In a year that’s been filled with lifestyle changes, personal pivots and business adaptations, 2020 may also go down as the year of the gift card as studies show an outsized increase in sales leading up to the busy holiday season. InMarket’s data also showed customers were spending about 17 percent more on gift cards in 2020.

Cards 160

Cards Retail Study Survey 160

PYMNTS

NOVEMBER 16, 2020

They have paid down their credit cards. Several studies have validated various spending trends that could make this scenario tenable. The main one centers on the drop in credit card spend. Additionally, total card balances fell to $723 billion, a decline of more than 10 percent year over year and the lowest since Q2 2017.

Cards 302

Cards Retail Survey Trends 302

Bank Innovation

NOVEMBER 5, 2019

According to a Deloitte survey, discounts and cash back aren’t enough to maintain credit card customer loyalty, and providers need to look to more holistic personal financial management tools as differentiators. credit card consumers would be willing […].

Cards 186

Cards Company Customer Experience Study 186

PYMNTS

APRIL 10, 2019

A study by Symantec, a cybersecurity company, showed that two out of every three hotel sites have leaked personal data, which could include credit card and passport information, according to a report by Reuters. Symantec studied upwards of 1,500 hotel sites in 54 countries, from two-star to five-star establishments.

Study 161

Study social media Data Analysis 161

PYMNTS

NOVEMBER 27, 2020

More consumers than ever are turning to online shopping channels to meet their needs during the pandemic, but many are also aware that cybercriminals are looking to capitalize on this stepped-up online activity to steal their card data. This is leading some families to put their children’s funds on virtual cards instead, according to U.S.-based

Cards 197

Cards Security Tools Online 197

PYMNTS

DECEMBER 7, 2020

Digital B2B payments innovations as diverse as machine learning (ML) automation, cloud-based enterprise resource planning (ERP) systems and virtual cards are gaining unprecedented traction as businesses move to build sustainable B2B payments operations outside of th e office. RLJ Financial On Managing B2B Spend With Virtual Cards.

Management 268

Management Cards Company Innovation 268

PYMNTS

SEPTEMBER 30, 2019

A recent study about how people respond to scammers shows that consumers are more likely to become victims on social media and online marketplaces than over the phone, The Wall Street Journal reported on Sunday (Sept. The gift cards are sold at a discount in exchange for cryptocurrency.

Study 145

Study social media Online Fraud 145

PYMNTS

DECEMBER 22, 2020

Italian consumers are embracing a new government program aimed at boosting retail sales while tamping down on tax evasion that allows buyers to receive a 10% refund on card payments made in stores. Studies have also indicated that the days of businesses using “petty cash” to pay for transactions could be coming to an end.

Cards 188

Cards Payments Taxes Study 188

The Paypers

SEPTEMBER 8, 2022

A study released by ResearchandMarkets.com has found that the value of the French prepaid cards market jumped by 5.9% between 2017 and 2021.

Study 36

Study Cards Marketing 36

PYMNTS

APRIL 27, 2020

As consumers shop amid ongoing public health restrictions, they almost invariably reach for their credit cards — whether the physical varieties in their wallets or the digital versions stored on their browsers and mobile devices. More than ever, credit cards are becoming the coin of the realm in the global connected economy.

Cards 226

Cards Fintech United States Case Study 226

PYMNTS

JANUARY 28, 2021

One of the more notable differences is their tendency to favor credit cards online and other options such as digital wallets over debit cards. Thirty-five percent of credit card users believe they offer protection against theft of funds — twice the share of debit card users with this same view of the payment method.

Cards 210

Cards Online Security Data 210

PYMNTS

JUNE 1, 2020

Capturing and then enabling card-on-file payments when consumers buy the products or services they consume in the physical world. Part of that includes reminding consumers to use their contactless cards when they check out in their stores (if they have one) or their mobile wallets (if they choose). Uber and Starbucks pioneered it.

Cards 147

Cards Study Maine Payments 147

PYMNTS

APRIL 25, 2019

However, according to the Remote Payments Study conducted by PYMNTS in September 2018, behavior habits are shared by consumers based on income, age and gender. Digging deeper into which payment methods are facilitating these mobile transactions, debit cards (37.1 percent) and credit cards (28.7 mCommerce isn’t one-dimensional.

Study 165

Study Mobile Payments Cards 165

Bank Innovation

MARCH 7, 2017

More than 70% of non-prime credit card users cited an inability to put a $500 expense on their credit cards. The results of a new study, released by Elevate yesterday, show that non-prime users are at a strict credit disadvantage as opposed to prime users (non-prime being those with a Fico credit score below 700, […].

Cards 236

Cards Study Data Lending 236

PYMNTS

DECEMBER 12, 2018

The number of merchants accepting card payments around the world grew by 13 percent in 2017, to 69.2 RBR, a research and consulting firm for banking and retail, released a forecast of payment card data through 2023, and found that card payment acceptance is growing at a fast rate. million, according to a report.

Cards 178

Cards Payments Regulation Regional 178

Bank Innovation

OCTOBER 19, 2018

outpaced growth in noncash payments overall between 2012 and 2015, according to a Federal Reserve Payments Study released this week. The study’s survey of depository institutions found noncash payments fraud increased 37%, from $6.1 Noncash payments fraud in the U.S. billion in 2012 to $8.3 billion, in 2015.

Study 150

Study Fraud Payments Survey 150

BankBazaar

NOVEMBER 29, 2019

Unlike baby boomers who aren’t much open to borrowing credit, recent studies have revealed that millennials are avid borrowers and spenders. They are more open to taking loans or relying on Credit Cards to fund their online purchases, holidays, weddings and more. Your Credit Score is the secret to a smooth financial life. No worries!

Millennials 142

Millennials Study Cards Lending 142

PYMNTS

OCTOBER 26, 2018

To push that goal, Mastercard — in partnership with the world’s three largest card manufacturers, Gemalto , Giesecke & Devrient and IDEMIA — has officially launched the Greener Payments Partnership to establish environmental best practices and reduce first-use PVC plastic in card manufacturing.

Cards 187

Cards Industry Study Technology 187

PYMNTS

JULY 28, 2020

Consumers are also changing how they pay for their purchases, with a recent study finding that debit card spend was up 11.7 Consumers today are especially likely to use their debit cards for their eCommerce purchases or to make in-store purchases with mobile wallets, and card-not-present (CNP) transactions represented 43.1

Cards 212

Cards Rhode Island Payments Online 212

PYMNTS

SEPTEMBER 8, 2017

A new study has found that the number of payment cards issued globally reached 14 billion last year and is predicted to rise to 17 billion by 2022, boosted by an increase in overall debit card issuance. In China, for example, many consumers hold multiple cards for different purposes. In the U.K.,

Cards 149

Cards Payments Study Maine 149

PYMNTS

NOVEMBER 28, 2018

First Data’s 2018 Prepaid Consumer Insights Study found that the average consumer is spending $59 more than the original value of their gift card, marking an increase from $21 a year ago. In a press release , First Data said the report shows a significant lift is being generated from gift card spending.

Cards 144

Cards Study Survey Branding 144

Payments Dive

MARCH 28, 2016

A study by CardHub finds that more than half of consumers do not understand the difference between card security standards and don't care whether a retailer's POS terminal is enabled for EMV.

Study 150

Study US Retail Security 150

PYMNTS

SEPTEMBER 23, 2019

According to studies aggregated by FinancesOnline , general contractors are the biggest users of construction management software (30 percent), followed by home builders (19 percent). What these studies didn’t reveal is that construction management software and tools like virtual cards can also speed payments and free up cash flow.

Industry 169

Industry Cards Software Phoenix 169

MyBankTracker

OCTOBER 27, 2020

When picking a credit card, it’s tough to resist the allure of big rewards. In a year-long MyBankTracker survey, nearly 3 out of 4 respondents (72.6%) preferred to receive cash back rewards on their credit card purchases. of respondents had specific spending categories in mind for their next credit card while 47.3%

Study 52

Study Cards Survey United States 52