Family finance app Greenlight has unveiled an integration for banks and credit unions. Greenlight for Banks, announced in a news release Wednesday (March 29), lets financial institutions (FIs) add Greenlight’s app to their financial service offerings. “In building Greenlight for Banks, we spoke with financial...
PYMNTS’ research finds that 62% of United States consumers lived paycheck to paycheck in February 2023. Fewer consumers live paycheck to paycheck with issues paying their bills, at 20% — down from 21% in February 2022 and 24% in February 2021. Our data shows...
Another Fed meeting, another interest rate hike … and more trouble ahead for paycheck-to-paycheck consumers and small to midsize businesses (SMBs). The central bank boosted its benchmark interest rate by 0.25%, and while there may not be more rate hikes on the horizon, or maybe...
Checked on your personal finances lately? We have, in the form of the Provider Ranking of Personal Finance Apps, updated monthly in this space. Not that anyone likes big changes to personal finances — with the exception of sudden unexpected wealth — but this month’s ranking...
Inflation is constantly forcing consumers to rethink their budgets and how far their dollars stretch. Joe Sharp, CTO of Versatile Credit, told PYMNTS that having a comprehensive set of financing options on offer at the point of sale — online or in-store — can help...
China’s consumer spending hasn’t seen the surge many expected after the lifting of COVID-19 restrictions. In recent comments, the CEOs of eCommerce firms JD.com and Alibaba said the country’s consumer spending has not yet recovered from the downturn that was seen during the pandemic, CNBC...
Consumers in the United States are proving resourceful as they meet inflation’s challenge head on. And that resourcefulness has led them to embrace a broad range of strategies to juggle their everyday financial lives — belt-tightening is a potent tool, yes, but far from the...
Credit Karma has debuted a tool to help customers expand and protect their wealth. Net Worth, announced Thursday (March 9), is being rolled out to customers with credit scores of 720 or higher, and is part of Credit Karma’s plan to become “a full-service personal finance management...
American consumers remain pessimistic about the economy despite recent positive indicators. Consumers still expect elevated inflation rates for the foreseeable future, even as inflation has begun to trend downward. In this challenging environment, merchants must decide how best to attract customers. One would be forgiven...