data brief

75% of Acquiring Banks Now Use Artificial Intelligence to Detect Card Transaction Fraud
75% of Acquiring Banks Now Use Artificial Intelligence to Detect Card Transaction Fraud
December 28, 2021  |  Artificial Intelligence

Acquiring banks are under intense pressure to process transactions efficiently while detecting and preventing fraud attempts. That’s a growing challenge due to recent increases in both...

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76% of Consumers Unlikely to Return to a Hotel, Attraction or Venue That Denies a Refund Request
76% of Consumers Unlikely to Return to a Hotel, Attraction or Venue That Denies a...
December 27, 2021  |  Travel Payments

Hospitality service providers’ cancellation and refund policies significantly impact consumers’ interest in using their services again. In fact, 76% of consumers “agree” or “strongly agree”...

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42% of Cross-Border Firms Use Blockchain-Based Smart Contracts That Trigger Payment 
42% of Cross-Border Firms Use Blockchain-Based Smart Contracts That Trigger Payment 
December 23, 2021  |  Blockchain

Decentralized finance solutions have transformed the payments landscape, presenting a new vista of possibilities for seamless cross-border expansion for multinationals and businesses aspiring to launch...

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21% of US Consumers Are Interested in Using BNPL to Pay for Groceries
21% of US Consumers Are Interested in Using BNPL to Pay for Groceries
December 22, 2021  |  Buy Now Pay Later

More retailers are making a buy now, pay later (BNPL) option available at checkout, as they are finding that the increasingly popular payment method allows...

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67% of Consumers Want a Super App to Manage Their Digital Activities
67% of Consumers Want a Super App to Manage Their Digital Activities
December 21, 2021  |  Connected Economy

Consumers want to consolidate their digital experiences into a single interface. In fact, 67% of all consumers would be interested in integrating at least two areas...

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49% of Consumers Who Canceled Travel, Entertainment Reservations Got Refunds Via Chargebacks
49% of Consumers Who Canceled Travel, Entertainment Reservations Got Refunds Via Chargebacks
December 20, 2021  |  Travel Payments

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40% of Consumers Are Pessimistic About the Economy, up From 32% in May 
40% of Consumers Are Pessimistic About the Economy, up From 32% in May 
December 17, 2021  |  Economy

Consumers’ perception of the economy has darkened since the spring. While 32% of consumers were pessimistic about the economy in May, that figure rose to...

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20% of Consumers Are Very Interested in Switching Banks for an Open Banking Platform
20% of Consumers Are Very Interested in Switching Banks for an Open Banking Platform
December 16, 2021  |  Digital Banking

Consumers crave the banking convenience provided by third-party portals and apps that offer connections between bank accounts and merchants.  Get the Full Story Complete the...

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Canadian Businesses Wait 41 Days to Get Paid
Canadian Businesses Wait 41 Days to Get Paid
December 15, 2021  |  B2B Payments

Canadian businesses are waiting longer than ever to realize the revenue from their sales. Today, the average days sales outstanding (DSO) reported by Canadian firms is...

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