Concerns about supply chain delays and longer shipping times led holiday shoppers to open their wallets earlier in 2021. Consumer spending growth remained steady through the fall months, according to one report, and purchases made on both credit and debit cards saw an uptick. Compared to 2020, retail purchases in the goods sector...
For frequent travelers, the money they sink into seemingly endless foreign exchange (FX) fees could be better spent going to charity. In the Next-Gen Debit Tracker, James Lynn, co-founder of U.K. FinTech Currensea, explains how decoupled travel debit cards spare users from high bank fees,...
Consumers are becoming more comfortable using emerging technologies to make payments as these tools become more trustworthy and convenient. The desire for contactless payment options and potential cost savings leads to a spike in decoupled debit cards, which are issued and operated by entities other...
Consumers’ holiday shopping behaviors have been thrown off course for the past two years, with the economic impacts of the global health crisis prompting many consumers to prioritize saving over splurging. One study found that consumers spent an average of $312 between Thanksgiving and Cyber Monday last year,...
As more debit card users embrace mobile wallets, banks and issuers must be on their toes to support and safeguard these new payment experiences. In the Next-Gen Debit Tracker, Commerce Bank’s Angela Finn says as much as contactless debit tools have enduring appeal, financial institutions...
Merchants had to be especially prepared for the 2021 holiday season, ensuring that they were offering the shopping and — above all — the payments experiences consumers were expecting online and in store. Consumers are rapidly flocking toward payment tools that can allow them to...
Contactless payments have risen in popularity during the pandemic as consumers have sought easier and safer ways to pay for the things they need. At the same time, debit is becoming the payment vehicle of choice for debt-wary consumers who prefer to spend from their...
Consumers’ coffee preferences rarely change, but the same cannot be said for their preferred purchasing methods. In the Next-Gen Debit Tracker, Peet’s Coffee’s Lisa Regelman discusses how the brand has expanded payment choices within its mobile wallet to include debit and appeal to the needs...
Concerns of virus transmission during the pandemic and a general shift in consumer spending habits online have led to a significant increase in how shoppers spend their money, and specifically the use of contactless debit transactions. Retailers worldwide have seen a pivot to contactless credit...
