What typically happens when consumers want a particular product or service, have expressed their strong desire for it, see other providers with similar capabilities offering it, but are told they can’t get it from their preferred provider? Many will take their business to where they...
Sports betting has always been big business in the U.S., although historically it has been mainly limited to shadowy corners of off-track establishments, bookies or casinos. However, the legalization of online sportsbooks has ushered the industry into the mainstream market, with a record 20% of...
Consumers in the United States frequently receive disbursement payments, whether it be Social Security payments, tax refunds, insurance claim payouts or bonus payouts. In the last year, 63% of consumers received a disbursement — and 68% want the choice to receive their disbursement payment instantly,...
ClassWallet’s digital wallet technology platform is now being deployed in early childcare and preschool markets. Already used for state agencies, family scholarships, private schools and K-12 school districts, the platform has entered these new markets with a contract in which it will be used by...
When consumers are given a choice, they usually choose to receive insurance disbursements via same-day account transfer or instant payment rails. It’s a finding that is consistent with the general need for speed when it comes to payments preferences. This is explored in the study Insurance...
Bokadirekt and Trustly have partnered to enable instant payouts for beauty salons in Sweden. The collaboration adds Trustly’s payment infrastructure to Bokadirekt’s booking platform for health and beauty treatments and services, the companies said in a Tuesday (Feb. 21) press release. “Providing the best payment...
Nineteen percent of consumers received at least one insurance disbursement in 2022, and more of these roughly 49 million consumers are looking at instant payouts than ever before. Insurance agencies sent 20% of all payouts in 2022 via instant payment rails, marking the third consecutive...
Restaurants’ efforts to optimize payouts come amid a generational shift toward tipping, per PYMNTS data. The Context As restaurants look to boost employee retention, many are seeking ways to improve the tip-divvying process, both reducing labor needs all told by taking time out of the...
Players using online betting platforms want winnings now, and digital innovation is enabling it. Another way of looking at it is that online sports betting makes consumers happiest when the payment experience is real-time or close to it, as in physical casinos. That’s where BetMGM...
