consumer payments

Most Consumers Now Only Carry Cash Out of Habit
Most Consumers Now Only Carry Cash Out of Habit
June 07, 2023  |  Consumer Payments

Inflation may be on a downward trajectory, but consumers do not think so, as perception affects their spending behaviors, prompting them to rethink how they...

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Gen Z and Millennials Use Credit as Cash Management Tool
Gen Z and Millennials Use Credit as Cash Management Tool
June 01, 2023  |  Consumer Payments

PYMNTS’ research finds that 83% of consumers made payments for credit products in the last 90 days. Credit, in general, is a significant part of...

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Millennials Will Use Their Bank Accounts to Pay Merchants If It Comes With Rewards
Millennials Will Use Their Bank Accounts to Pay Merchants If It Comes With Rewards
May 22, 2023  |  Payments Innovation

Consistency and ease of use have made online bank transfers popular for paying recurring bills. However, one-quarter of consumers who tried online bank transfers, also...

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Walmart Hints at Early FedNow Adoption While Amazon Is Mum So Far
Walmart Hints at Early FedNow Adoption While Amazon Is Mum So Far
May 12, 2023  |  Retail

So far, Walmart has been more publicly outspoken than Amazon about adopting the Federal Reserve’s forthcoming FedNow instant payment platform. However, the eCommerce giant is...

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Consumers, Billers Demand End of Fragmented Bill Payment Experience
Consumers, Billers Demand End of Fragmented Bill Payment Experience
May 10, 2023  |  Platform Payments

Consumers — especially young and affluent consumers — want a single, inclusive, convenient place to see and pay their bills. Holistic bill pay platforms could...

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Netspend Sold Back to Founders at Rêv for $1 Billion
Netspend Sold Back to Founders at Rêv for $1 Billion
May 01, 2023  |  Acquisitions

Payments company Rêv Worldwide, in partnership with Searchlight Capital Partners, has completed its $1 billion purchase of Netspend from Global Payments. The all-cash transaction, announced...

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An Insider on Why Instant Checkout Is a Deal-Maker for Consumers
An Insider on Why Instant Checkout Is a Deal-Maker for Consumers
March 17, 2023  |  Real-Time Payments

Four out of five Americans are interested in faster options to pay businesses for goods and services — an interest that is likely to grow,...

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4 in 10 Insurers Don’t Offer Consumers the Instant Disbursements They Prefer
4 in 10 Insurers Don’t Offer Consumers the Instant Disbursements They Prefer
March 02, 2023  |  Disbursements

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...

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Online Marketplaces or Banks? Consumers Torn on Trusted Keeper of Secure Payments Credentials
Online Marketplaces or Banks? Consumers Torn on Trusted Keeper of Secure Payments Credentials
February 15, 2023  |  Consumer Payments

In recent years, friction in the payments process has remained despite attempts to make payments as seamless as possible. Most consumers would rather not reenter...

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