If missed bill payments indicate consumers’ lacking economic security, we may be in for a bumpy ride. Last week’s news about January’s consumer spending sharply up from the previous month was a welcome change after seemingly endless gloomy economic forecasts. However, any celebrating may have been premature once disclosures...
There are and always have been sharp differences between how consumers in different demographic groups experienced the quick and total digitization of the United States economy. In July 2022, PYMNTS identified and measured a sharp divide between how consumers in different income brackets used the...
The world’s most digitally connected country is also a lead innovator in facilitating international business payments. The PYMNTS Q3 2022 ConnectedEconomy™ Index, “How the World Does Digital,” tracks the current state of global digital adoption by measuring the online activities of over 30,000 consumers across...
The latest concept cars from BMW and Audi look to the future of in-car displays. Concept cars have long been a way for vehicle makers to show off their most cutting-edge technologies and explore what the future of driving might look like. Over the years,...
Tomorrow’s connected ecosystem will leverage machine-native wallets, enabling authenticated machine-to-machine transactions across various commercial settings. No people necessary. That’s the vision of Sterling Pratz, CEO at leading payment solution for vehicles and fleets Car IQ, who tells PYMNTS’ CEO Karen Webster that he and his investors see...
Earnings season is here. So is AI mania. To that end, the CE 100 Stock Index was up 4.4% through the past week, buoyed by Big Tech’s quarterly reports that showed — despite near term macro volatility — investments in advanced technologies continues unabated. And...
Of its many disruptions, the pandemic has driven car pricing and buying off a cliff, making room for innovators to create a digital shift. While players like Carvana and CarMax are right now proving the Newtonian aspects of post-COVID commerce — what goes up fast...
Digital marketplaces are rewriting industry rulebooks, building new B2B relationships and modernizing historical processes. This is paradoxically most true, and most impactful, in those industries most resistant to change. So says Royce Neubauer, founder and CEO of Auto Hauler Exchange, whose company’s online marketplace platform...
Earnings season has taught us that the death of consumer spending has been greatly exaggerated. Much depends on where you look, of course. December’s latest macro data shows that consumers pulled back during the holiday shopping season, and the month showed a 0.2% drop in...