Though available for less than a decade, peer-to-peer lending has been growing rapidly, a new report from the Federal Reserve Bank of Cleveland points out. Demand for the concept is particularly strong among consumers consolidating their card debt, as bankcard interest rates tend to be...
Although some public retail companies this week reported better second-quarter same-store results than others, for varying reasons, the mood among the merchants’ executives was good. Helping drive those feelings are positive economic signs from July that have continued into August, while some, such as Target,...
Understanding consumer preferences, expectations and shopping patterns and mapping those to retailer capabilities is all about having access to data and lots of it. Right? Well, maybe not. Maybe, better data, delivered faster is the ticket to omnicommerce success. This month’s Vantiv Omnicommerce Tracker benchmarks...
Small- to mid-size business owners understand that late payments will in all likelihood lead to debt. So why would an organization postpone updating a system that ensures timely invoices? One UK-based law firm discovered that 80 percent of businesses failed to update their terms and...
“Breaches are pretty much a daily occurrence now,” says Jonathan Hancock, Director of Fraud Management Solutions for TSYS, “and consumers who haven’t been hit personally are numb to the news.” But here’s the great irony: When something does happen, consumers blame the retailer, but expect...
Vendors’ efforts to provide businesses with an efficient experience regardless of where or how they shop is creating greater importance in having strong omnichannel support, especially with regard to product availability. Sellers are having to enhance their focus on supply-chain management and make other adjustments...
In June, Federal Reserve Financial Services hosted a series of town hall meetings to discuss a variety of initiatives designed to improve B2B transactions, along with P2Ppayments. Among the goals include speeding up transactions, improving efficiency, enhancing payment safety and security, improving cross-border payments, and...
Here’s what happened in the first week of August: Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form,...
Much debate on cryptocurrencies has gone on over the past few years, driven by the cult-like following of Bitcoin and the general transaction anonymity most of the so-called virtual currencies support that has led on occasional to illicit use. In fact, many countries, cities and...
