Consumer Spending

Consumer Expectations Drive Systems Choices Post-COVID
Consumer Expectations Drive Systems Choices Post-COVID
September 01, 2020  |  Payments Innovation

Connected commerce, bless its algorithmic heart, was ready when we needed it, providing a supply line for ordinary people living in extraordinary conditions. That fact...

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India’s GDP Shrinks 24 Pct In Second Quarter
India’s GDP Shrinks 24 Pct In Second Quarter
August 31, 2020  |  International

India’s gross domestic product (GDP) fell by 24 percent in the second quarter (Q2) as the pandemic took its toll on the nation’s economy, according...

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Today In Payments: Facebook Calls Out Apple; DC AG Sues Instacart
Today In Payments: Facebook Calls Out Apple; DC AG Sues Instacart
August 28, 2020  |  News

In today’s news, Facebook called out Apple on its fee structure and transparency, and D.C.’s attorney general is suing Instacart for pocketing tips meant for...

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New Data Shows Americans Made And Spent Slightly More In July
New Data Shows Americans Made And Spent Slightly More In July
August 28, 2020  |  Economy

Americans made 0.4 percent more money in July than in June, took home 0.2 percent more after taxes and spent 1.9 percent more, according to...

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Consumer Spending: Running Dry …. Or Dry Powder?
Consumer Spending: Running Dry …. Or Dry Powder?
August 28, 2020  |  Consumer Finance

The consumer spending slowdown was due to happen, following the burst of activity and demand that had been hemmed in by the coronavirus. With a...

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Whole Paycheck Tracker: The Brawl In California
Whole Paycheck Tracker: The Brawl In California
August 28, 2020  |  Walmart Amazon whole paycheck

A good bit of the Amazon and Walmart bid for the U.S. consumer’s whole paycheck this week was at the top of the news feed....

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US Grocery Sales Drop As Consumers Order Delivery
US Grocery Sales Drop As Consumers Order Delivery
August 27, 2020  |  Retail

With high U.S. unemployment and recent PYMNTS research finding that 60 percent of Americans live paycheck to paycheck, paying for even the basic necessities of daily...

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How AI Helps Visa ‘Step In’ (Smartly) When Issuers Go Offline
How AI Helps Visa ‘Step In’ (Smartly) When Issuers Go Offline
August 26, 2020  |  Payments Innovation

Getting transactions done — particularly card transactions — requires a seamless flow of card-level data between cardholders, card networks, acquirers and issuers. Get the Full Story...

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Consumer Switch To eCommerce Prompts UK Retailers To Slash Jobs
Consumer Switch To eCommerce Prompts UK Retailers To Slash Jobs
August 25, 2020  |  Economy

Retail employment in the U.K. has dropped 45 percent since May in the sharpest fall it has taken since the 2009 recession, the Confederation of...

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