The Data Point

FI Execs Curb Their Enthusiasm for Open Banking
FI Execs Curb Their Enthusiasm for Open Banking
April 11, 2024  |  Security & Fraud

Open banking, the legal framework permitting secure data sharing amongst financial institutions (FIs) and third-party FinTechs to enhance the products and services they offer consumers,...

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58% of US Consumers Sell Used Clothes to Earn Extra Money
58% of US Consumers Sell Used Clothes to Earn Extra Money
April 10, 2024  |  Consumer Finance

In the latest edition of “The Paycheck-to-Paycheck Report: High-Income Consumers Lead Surprising New Data on Side Hustles,” PYMNTS Intelligence explored a variety of methods U.S....

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GenZ Loves Their Digital Wallets
GenZ Loves Their Digital Wallets
April 09, 2024  |  Mobile Wallets

Digital wallets such as Apple Pay and Google Wallet provide consumers with convenient and secure ways to make in-store and online purchases without having to put sensitive credit or...

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Boomers Lead Trend Toward Paying for Necessities With Subscriptions
Boomers Lead Trend Toward Paying for Necessities With Subscriptions
April 08, 2024  |  Payment Methods

When you think of subscriptions, an array of products and services likely come to mind.  From streaming services to pet foods to coffee pods to...

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Nearly 41% of UK Consumers Are Considered ‘Digital Enthusiasts’ 
Nearly 41% of UK Consumers Are Considered ‘Digital Enthusiasts’ 
April 05, 2024  |  Consumer Insights

In compiling the “U.K. Edition of the 2024 Global Digital Shopping Index,” PYMNTS Intelligence found that when compared to consumers in other regions, U.K. consumers...

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Millennials Need for Speed Spikes Instant Payouts
Millennials Need for Speed Spikes Instant Payouts
April 04, 2024  |  Disbursements

The popularity of instant payouts has grown in recent years. In 2017, only about 4% of disbursements were paid instantly; as of January, 32% of...

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Got Leather? Almost a Third of Consumers Prefer Carrying Physical Wallet
Got Leather? Almost a Third of Consumers Prefer Carrying Physical Wallet
April 03, 2024  |  Mobile Wallets

Digital wallets — Apple Pay, Google Wallet, PayPal and more — give consumers a secure, convenient and contactless way to pay for purchases online and in person. Because...

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The Cost of Not Knowing Is 4.4% of Revenue for Middle-Market Firms
The Cost of Not Knowing Is 4.4% of Revenue for Middle-Market Firms
April 02, 2024  |  Spend Management

According to PYMNTS Intelligence’s inaugural edition of “The 2024 Certainty Project Report,” uncertainty costs middle-market companies more than $20 million on average, per these firms’...

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PayFacs Serve Logistics Sector Through Digital Wallets
PayFacs Serve Logistics Sector Through Digital Wallets
March 30, 2024  |  B2B Payments

Innovations in embedded finance have captured the attention of decision makers in the logistics and wholesale trade space. As a result, payment facilitators (PayFacs), independent...

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