PYMNTS Intelligence

Open Banking Acceptance Varies Across Generations

Open Banking Acceptance Varies Across Generations
Open Banking Acceptance Varies Across Generations
December 18, 2023  |  Disbursements

Open banking is on the rise. By enabling the sharing of customer financial data between banks and third-party service providers through application programming interfaces (APIs),...

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Gen X Has the Most Debt at 4X Their Disposable Incomes
Gen X Has the Most Debt at 4X Their Disposable Incomes
December 18, 2023  |  Debt

Consumers often feel pressured to maintain a standard of living, which can be difficult in uncertain economic times with higher prices and interest rates. Keeping...

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A False Declined Payment Costs Merchants More Than a Sale
A False Declined Payment Costs Merchants More Than a Sale
December 18, 2023  |  eCommerce

A false decline is a legitimate card transaction that is ultimately denied, either by a bank or a merchant because it is mistakenly considered a...

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Consumers Need Incentives to Pick Pay-by-Bank Options
Consumers Need Incentives to Pick Pay-by-Bank Options
December 18, 2023  |  Retail

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Travelers Are Willing to Splurge on Full-Price Restaurant Meals
Travelers Are Willing to Splurge on Full-Price Restaurant Meals
December 15, 2023  |  Consumer Insights

While many consumers are looking for ways to pinch pennies amid ongoing financial challenges, PYMNTS Intelligence found that diners are more likely to pay full...

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Local Transport App Use Soars Nearly 30% as Commuters Embrace Connectivity
Local Transport App Use Soars Nearly 30% as Commuters Embrace Connectivity
December 15, 2023  |  Transportation

Consumers are actively engaging in various digital activities, according to the latest edition of the “How The World Does Digital” report by PYMNTS Intelligence, which...

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North American Marketplaces Lead in Corporate and Virtual Card Usage
North American Marketplaces Lead in Corporate and Virtual Card Usage
December 15, 2023  |  Spend Management

Despite economic challenges such as persistent inflation and market disruptions, growth corporates, commonly referred to as middle-market firms, in the North American region have demonstrated...

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60% of U.S. Consumers Use Mobile Wallets to Pay Bills
60% of U.S. Consumers Use Mobile Wallets to Pay Bills
December 15, 2023  |  Mobile Wallets

Although satisfaction is high among mobile wallet users when making bill payments, many face difficulties during the process. Get the Full Story Complete the form...

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Late Payments Inflate Construction Bids by $273 Billion
Late Payments Inflate Construction Bids by $273 Billion
December 15, 2023  |  Money Mobility

Late payments and transaction errors run rampant in the construction industry. The sector’s days sales outstanding (DSO) — a measurement of how long a company...

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