Search results for "financial services"

May 14, 2024
Agile and ePayPolicy Team to Offer Insurance Financing

Agile Premium Finance and ePayPolicy have teamed to offer insurance industry clients checkout financing options. “With ePayPolicy’s latest feature release, Finance Connect, Agile now offers its customers convenient online financing enrollment and premium payment...


May 14, 2024
44% of Millennials Used Non-Bank FIs in 2023, Leading All...

In researching PYMNTS Intelligence’s “Meeting the Demand for Instant Ad Hoc Payments,” a collaboration with Ingo Payments, we found the volume of instant, nonrecurring ad hoc payments has risen 28% since...


May 14, 2024
Judge Dismisses Antitrust Suit Against Welsh Carson Anderson & Stowe

A federal judge in Texas has dismissed an antitrust lawsuit against Welsh Carson Anderson & Stowe (WCAS), according to Axios. The suit, filed by the Federal Trade Commission (FTC) last year,...


May 14, 2024
Supreme Court Ruling on CFPB’s Fate May Rewrite the Rules...

For the Consumer Financial Protection Bureau (CFPB), the courts have been a hotbed of action, lawsuits, appeals and back-and-forth between lawyers. Almost everything boils down to the decision that will come down from...


May 13, 2024
Intellicheck Posts Record Quarter as Identity Fraud Continues to Run...

As identity fraud continues to plague business verticals from banking to automotive and even higher education, verification company Intellicheck posted record Q1 earnings Monday (May 13). “The landscape of the...


May 13, 2024
Access Group to Acquire AP Automation Provider Lightyear

Business management software provider the Access Group agreed to acquire accounts payable (AP) automation provider Lightyear. Subject to regulatory reviews, the acquisition will extend the Access Group’s enterprise resource planning (ERP) software offering globally, the...


May 13, 2024
CPG Subscriptions Eat Into Walmart’s Grocery Share

Increasingly, when consumers go to the grocery store, it is just to buy food, such that leading grocery retailers are losing share of center-aisle products to eCommerce players such as subscription merchants....


May 13, 2024
38% of Consumers Earning Over $100K Carry Co-Branded Credit Cards

PYMNTS Intelligence finds that 2.5 times as many consumers possess a general-use credit card than own a co-branded credit or store card.  Yet, because 27% of all U.S. consumers also...


May 13, 2024
Slowing Shopify Growth Spells Challenges for BNPL Partner Affirm

As Shopify’s growth slows down, its buy now, pay later (BNPL) partner, Affirm, is feeling the burn. Per its earnings report Wednesday (May 8), Shopify saw 23% year-over-year revenue growth...


Generative AI Tracker®: Banking on AI: Financial Services Sector Harnesses Generative AI for Security and Service

GenAI is rapidly gaining traction in the financial services sector, but executives worry about the risk of spreading financial misinformation and exposing sensitive data to security breaches. The latest “Generative AI Tracker®,” a collaboration with AI-ID, examines what experts and bankers say is needed to get bankers over the hump.

Credit Unions and Community Banks Gain Credit Card Issuing Momentum
Credit-Seeking Consumers Give Credit Unions and Community Banks a Second Look The share of consumers whose primary credit card is with a national bank has fallen from 76% in 2020 to 68% in 2023. PYMNTS Intelligence’s latest study of 2,088 consumers, “Credit Unions and Community Banks Gain Credit Card Issuing Momentum,” a PYMNTS Intelligence and Elan Credit Card, reveals how smaller FIs can position themselves to take a share of national banks’ cardholders by offering key features.