Generation X has been seeing a boost in wealth since the pandemic began, according to data from the Federal Reserve, per Bloomberg. The data showed that Gen Xers, those ages 41 to 56, have seen their assets rise by $13 trillion since the first quarter...
Consumers spent more in August compared to last year, but not as much as they dropped on goods and services in July, according to Visa’s latest U.S. Spending Momentum Index (SMI). The August SMI was 109, down 2.9 points from July. A reading over 100...
Uplift, which works on buy now, pay later (BNPL) solutions, has crafted a new partnership with Sixthman, a company that hosts music and lifestyle festivals at sea, a press release said on Tuesday (Aug. 31). With the partnership, Sixthman guests will be able to book...
Global communications company Viasat Inc. is offering simplified payment options for customers at 21,000 OXXO convenience stores in Mexico, the company announced Thursday (August 12). Customers can now make cash payments for Viasat internet service at OXXO locations across the country. Viasat, based in Carlsbad,...
The pandemic prompted an unprecedented 44 percent year-over-year jump in online spending with U.S. merchants in 2020, according to one report, and similar trends occurred worldwide. As a result, it has become more crucial for retailers to secure customers’ sensitive data. Consumers are growing more...
Brides want to say yes to the dress, but only if they can securely shop and pay how and where they want. In the Anatomy Of A Consumer Payment Playbook, Danny Luczak, chief technology officer of David’s Bridal, explains how wedding retailers use tokenization to...
Consumers heading to brick-and-mortar stores after spending many months sequestered indoors are taking their newfound digital-first shopping and payment habits with them. The use of online or mobile-enabled payment methods at the physical point of sale (POS) has steadily expanded recently, with consumers’ interest in...
Cross-border payments account for a massive amount of the cash flow crisscrossing the globe, with these transactions expected to total $39 trillion by 2022. These payments are more complex than domestic payments as they often have to be routed through several banks before reaching their...
The story of debit’s dominance in the wake of the pandemic has been widely reported. Consumers concerned for their financial future developed a sudden and strong preference for the surety of debit spending and a distaste for debt. But forthcoming data from PYMNTS and Elan...
