PYMNTS

FEBRUARY 14, 2020

Given the option, many consumers would prefer to complete certain shopping excursions – from picking out products to checking out – without engaging anyone. Highlights of the new survey reveal a budding consumer love affair with aspects of UR. percent of interested consumers currently make such purchases. It adds value.

Retail 143

Retail US Report Cards 143

PYMNTS

SEPTEMBER 28, 2020

“Fraudsters perpetrating such schemes often target individuals by phone, posing as bank officials, Internal Revenue Service (IRS) agents or public health administrators and asking for personal information or money in exchange for COVID-19 test kits, stimulus checks or work-from-home jobs.

Fraud 202

Fraud United States Examples cryptocurrency 202

PYMNTS

FEBRUARY 5, 2020

The new card gives Airwallex customers the ability to pay suppliers in seconds while saving businesses time and money. Today, cross-border B2B payments remain a cumbersome and costly affair, which can impact small businesses and corporates who are time-starved and need to keep a close eye on their cashflow. and Hong Kong.

Cards 177

Cards Regional Security Payments 177

PYMNTS

DECEMBER 3, 2019

3), the Consumer Financial Protection Bureau (CFPB) has proposed to boost the number of smaller banks and credit unions (CUs) that would not be governed by rules tied to international money transfers. The average amount sent by MSBs on behalf of consumers was $381, reported the CFPB. As Bloomberg Law reported Tuesday (Dec.

Compliance 131

Compliance United States Analysis National 131

PYMNTS

JANUARY 22, 2021

In the Land Down Under, the ripple effects of the clash between regulators and a giant in online search (that would be Google , of course) may be such that consumers are left searching for search. Commerce relies, in part, on search to steer people to where they want to spend money.

Google 188

Google Texas New York California 188

PYMNTS

OCTOBER 31, 2019

Authorities are giving P2P companies time to wrap up their business affairs, but “the ultimate goal is zero on the balance sheet,” a source told FT. Some investors who lost money in the sector complained to regulators , and P2P lending started to be seen as a “threat to social stability.”.

Regulation 100

Regulation Lending Meeting Fraud 100

PYMNTS

NOVEMBER 15, 2018

We hope to see more of such innovative digital services from the private sector,” said Dr. Vivian Balakrishnan, Singapore Minister for Foreign Affairs, in the press release. Grab’s product will let banked and unbanked senders remit money instantly and securely to recipients in another country using a GrabPay wallet.

Regional 139

Regional User Experience Operations Security 139

CFPB Monitor

SEPTEMBER 23, 2020

ClearPath), which includes a civil money penalty of $625,000 and requirements to prevent future violations. The CFPB found that ClearPath’s advertisements misrepresented the terms actually available to consumers, misstated actual credit terms available, and disclosed inaccurate interest rate and APR combinations.

Lending 148

Lending Examples Regulation Company 148

PYMNTS

JANUARY 23, 2020

billion consumer accounts fell victim to data breaches during the first half of 2019 — to the tune of $4 million in lost revenue per breach. Online scams were the most prevalent, consisting largely of fake money-transfer requests that affected 63 percent of consumers. More than 4.1

Fraud 160

Fraud Online Data Regulation 160

PYMNTS

MARCH 4, 2019

Enforcement of the ban, if it becomes law, would be put in place under the New York Department of Consumer Affairs. The bill still is slated for a public hearing by the New York City council’s Committee on Consumer Affairs and Business Licensing. In terms of the New York legislation (Intro.

Retail 129

Retail New York City New York New Jersey 129

PYMNTS

JUNE 21, 2018

What is the key to meeting consumers’ payment preferences? When it comes to getting paid, consumers want quick and easy access to their funds – without the common frictions involved with a paper check. Seventy-five percent of consumers who prefer instant payments say speed is the most important factor.

Data 138

Data Millennials Tools Payments 138

PYMNTS

JANUARY 30, 2020

The directive by the Ministry of Agriculture and Rural Affairs has issued a notice to keep supermarkets stocked in quarantined areas. It takes time, and it takes money, to shift supply chains. Might this have a ripple effect in driving up prices to firms (and their end consumers) as transport also is disrupted?

Regional 145

Regional Apple New York Examples 145

PYMNTS

OCTOBER 7, 2019

The latest Disbursements Tracker looks at trends in instant payments and examines what consumers want and how companies are changing to meet these needs. Consumers might still have to cut UPC codes from packaging and physically mail them with receipts to a P.O. What Consumers Want. The State of Rebates.

Online 100

Online Study Retail Cards 100

PYMNTS

APRIL 13, 2020

Also, states are requiring that insurance companies refund insurance premiums to consumers and businesses. With Californians driving fewer miles and many businesses closed due to the COVID-19 emergency, consumers need relief from premiums that no longer reflect their present-day risk of accident or loss.” Lara said in a press release.

North Carolina 130

North Carolina CA California Policies 130

PYMNTS

MARCH 18, 2019

The Conference of State Bank Supervisors (CSBC) said last week that there should be a “floor” for data privacy and security regulations, a statement issued by the Senate Committee on Banking, Housing and Urban Affairs. He pointed to the recent enactment of the California Consumer Privacy Act of 2018 as an example.

California 122

California Data Security Regulation 122

CFPB Monitor

APRIL 13, 2020

Earlier this month, the Office of Servicemember Affairs (OSA) released its annual report covering the Office’s activities during fiscal year 2019, which covers the period of October 1, 2018 to September 30, 2019. Noteworthy items include: Top Complaints Received from Military Consumers During FY19. Research Reports in FY19.

Report 78

Report District of Columbia Survey social media 78

PYMNTS

AUGUST 7, 2018

Last year, Visa introduced new peer-to-peer (P2P) payment functionality in Kenya — the country known for high adoption rates of mobile payments and other financial services — enabling consumers to make P2P payments without transaction fees. The service launched after Visa introduced mVisa, a QR code digital payment service.

Lending 100

Lending Mobile Regulation Fintech 100

PYMNTS

MAY 16, 2018

With internet access improving around the world, FIs are looking to give consumers improved access to their services. The new offering, which targets the 33 percent of Egyptian adults without bank accounts, is designed to enable users to pay bills, transfer money, reload prepaid cards or even withdraw cash at partner retail locations. .

Trends 118

Trends Digital Banking Mobile blockchain 118

PYMNTS

MARCH 7, 2019

Wirex , which providers consumers with an account to store both fiat and cryptocurrency, recently stepped into the corporate finance space with the launch of its business account. In this technology-centered age, this is rightly seen as an unacceptable state of affairs for businesses who simply want to manage their day-to-day cash needs.”.

Payments 169

Payments cryptocurrency Technology Strategy 169

PYMNTS

FEBRUARY 21, 2020

Usually earnings reports are fairly predictable and boring affairs. What Canada Goose did was invest in its North American sales by encouraging consumers to stress-test their current jacket and consider a new one even though the inventory for their obvious suggestion wasn’t front and center. Consumers purchased from a digital kiosk.

Retail 141

Retail Miami Millennials social media 141

CFPB Monitor

MARCH 21, 2019

Grewal and the Division of Consumer Affairs announced the filing of a lawsuit against two “Buy Here-Pay Here” auto dealerships and their owner for allegedly unconscionable and deceptive lending practices. On March 7, New Jersey Attorney General Gurbir S.

New Jersey 68

New Jersey Regulation Fraud Lending 68

PYMNTS

APRIL 9, 2019

In a statement , Vera Jourová, the EU’s commissioner for justice, consumers and gender equality, said, “Today Facebook finally shows commitment to more transparency and straightforward language in its terms of use.”. As part of these ongoing efforts, we’ll be updating our Terms of Service to be more clear about how Facebook makes money.”.

social media 100

social media Data Policies New York 100

PYMNTS

NOVEMBER 30, 2019

Connected devices make shopping part of the everyday consumer experience. Digital board games have a longer history than most might realize — assuming one redefines “digital” to include relatively low-tech affairs from a good generation ago. Indeed, more than three-quarters of U.S.

Trends 211

Trends Texas Retail Groups 211

PYMNTS

MAY 23, 2020

With the outbreak of an international pandemic, our summer plans have been rather modified, as consumers seem to be considering what the safest summer plans might be, and opting to tread a bit differently than they have in the past. . So how to get consumers back out there? But will the customers go out?

Tampa 249

Tampa Connecticut Guidelines New York City 249

PYMNTS

JUNE 30, 2020

Such offerings can include those that help them better manage their financial affairs, get the best deals on energy programs or office supplies and ultimately help them save money. CUs that cannot provide the loyalty and rewards innovations consumers crave risk losing them to other digitally focused FIs, including challenger banks.

Report 133

Report Innovation Florida Cards 133

PYMNTS

FEBRUARY 23, 2016

Nobody likes handing their hard-earned money over to the government, but plenty treat their tax refund checks like golden parachutes, federally sanctioned excuses to splurge on vacations, new clothes and the latest electronics. Money saved is spending potential down the road.” Money saved is spending potential down the road.”

Taxes 100

Taxes Retail Millennials Survey 100

TheGuardian

JULY 22, 2021

stake in NatWest Only sold at price that “delivers value for money for the taxpayer” Coming up: ECB meeting; UK factory report Supermarkets struggle to stock shelves as ‘pingdemic’ havoc spreads 9.32am BST Consumer goods giant Unilever has warned that soaring costs are hitting its profit margins – and led it to raise its own prices.

Groups 93

Groups Marketing Management Operations 93

PYMNTS

OCTOBER 30, 2018

Now, though, discussions about Amazon and its market cap are — for the time being, at least — a more subdued affair. Amazon also continues to lose money on international sales, but it is losing less money over time. percent of all consumer spend. percent of all consumer spend. North American sales came in at $34.3

Marketing 130

Marketing Apple Operations Retail 130

NCR

AUGUST 21, 2017

The same firm published research in February 2016 revealing that, in 2015, 54 percent of consumers in emerging and developing countries reported using the internet at least occasionally or owning a smartphone. For the Kenyan mobile money market, the watershed moment came in 2007. Kenya and China leading the way?

Mobile 81

Mobile ATM National Marketing 81

CFPB Monitor

MAY 17, 2021

On May 6, 2021, the CFPB’s Office of Servicemember Affairs issued its eighth annual report summarizing its activities from January 1 through December 31, 2020. The report discussed the Office’s consumer outreach and educational efforts, servicemember complaint trends, and priorities for 2021.

Report 78

Report Compliance Leadership Analysis 78

PYMNTS

JUNE 1, 2019

That younger one-third of American adults who are renting are likely paying a lot of money per month, particularly if they live on the East or West Coast. For that amount of money, one better be happy sharing a place with a couple of roommates, and probably in very tiny living quarters. And at least one in-the-box solution….

San Francisco 156

San Francisco Millennials New York Wichita 156

CFPB Monitor

FEBRUARY 26, 2020

In filing the complaint, the CFPB was joined by the South Carolina Department of Consumer Affairs (SCDCA) and the Arkansas Attorney General. The complaint also includes a count brought only by the SCDCA alleging the defendants violated the South Carolina Consumer Protection Code by engaging in unconscionable debt collection.

South Carolina 78

South Carolina Arkansas New York Leadership 78

PYMNTS

FEBRUARY 24, 2020

billion-strong, high-spending consumers and their willingness to adapt to new technologies, trends and products may represent the economy of the future for many banks and businesses, but it is notoriously difficult for firms to enter and compete in this market. Chinese regulatory shifts mean world changes . “The

Regulation 160

Regulation Policies Data Compliance 160

PYMNTS

AUGUST 24, 2018

Ancient Romans and Chinese, medieval Europeans and others regularly bought chances at big prizes, with the money usually flowing into civic coffers for public works. Consumers go Buehler’s , Giant Eagle or Kroger locations to buy the lottery card. Consumers can buy the lottery cards and give them to other people.

Ohio 103

Ohio Mobile Cards South Carolina 103

CFPB Monitor

AUGUST 23, 2022

The CFPB has supervisory authority for compliance with Federal consumer financial laws (which includes the Dodd-Frank UDAAP prohibition) over all banks and thrifts with $10 billion or more in total assets. The FDIC discusses the following three categories of risk: Consumer compliance risk. Potential risks. Risk mitigation practices.

FDIC 78

FDIC Compliance System Regulation 78

PYMNTS

OCTOBER 6, 2017

When it comes to services that consumers prefer the most, though, it’s not the ones offering cheaper plans, but the ones offering the most plan options. Over the past few decades, a date night at the movie theatre has gone from a relatively cheap affair to anything but affordable. seconds , a 16.2 percent drop from Q2 2017.

Report 112

Report Strategy Analysis Study 112

FICO

APRIL 29, 2022

There’s a lot going on in the retail payments space – defined as transactions between two consumers, between consumers and businesses, or between two businesses. Other changes are centered on the challenges of bank and ATM closures limiting consumer access to cash. Consumers: Slow Down, You’re Moving Too Fast.

Fraud 52

Fraud Retail Payments cryptocurrency 52