PYMNTS Intelligence

Instant Payments Drive Profits for the Small Restaurants That Use Them

Instant Payments Drive Profits for the Small Restaurants That Use Them
Instant Payments Drive Profits for the Small Restaurants That Use Them
May 31, 2024  |  Real-Time Payments

Forty percent of the independent mom-and-pop restaurants in the U.S. that generate $10 million or less annually now use instant payment rails as their primary...

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42% of Low-Income, Younger Consumers Use Debit Cards When Grocery Shopping
42% of Low-Income, Younger Consumers Use Debit Cards When Grocery Shopping
May 31, 2024  |  Consumer Payments

A wide variety of consumers across income levels and ages are showing a preference for paying for purchases with cash and debit cards, likely in...

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Treasury Management Playbook Dials Up New Cash Flow Strategies
Treasury Management Playbook Dials Up New Cash Flow Strategies
May 31, 2024  |  Risk Management

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High-Income Shoppers Likeliest to Abandon Carts Online
High-Income Shoppers Likeliest to Abandon Carts Online
May 30, 2024  |  eCommerce

As shoppers engage with eCommerce channels, high-income consumers prove, perhaps counterintuitively, to be the most likely to ditch their would-be purchases without completing the transaction....

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Gen Z Members Expect Credit Unions to Double Banking Features
Gen Z Members Expect Credit Unions to Double Banking Features
May 30, 2024  |  Credit Unions

According to PYMNTS Intelligence data, 95% of U.S. credit unions (CUs) are now wooing prospective Gen Z members. Get the Full Story Complete the form...

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75% of Companies That Invested $5M+ in AI Plan to Cut Back
75% of Companies That Invested $5M+ in AI Plan to Cut Back
May 29, 2024  |  Artificial Intelligence

According to our recent “C(AI)O Report: High Impact, Big Reward: Meet the GenAI-Focused CFO,” six in 10 CFOs say generative AI (GenAI) is the greatest...

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20% of Financially Unstable Consumers Cite Discretionary Spending as Reason
20% of Financially Unstable Consumers Cite Discretionary Spending as Reason
May 29, 2024  |  Consumer Insights

Nonessential spending is far from the No. 1 reason that consumers struggle with financial instability, but for a significant share of those living paycheck to...

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70% of Restaurant SMBs Say Convenience Is Top Instant Payments Benefit
70% of Restaurant SMBs Say Convenience Is Top Instant Payments Benefit
May 29, 2024  |  Real-Time Payments

While instant payments might seem like an innovation that only big companies would embrace, these types of expenditures are gaining traction with many mom-and-pop eateries....

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