Today In Data

The Invisible Opportunities That Spark Better Payments And Commerce

Plans are afoot at Google to make the consumer experience better – and while that happens, millennials are increasingly turning to debit, which could have wide implications. Opportunities also abound in integrated payments, and we have the secret behind better merchant rewards and the payments wave of the future.

Data:

1-5%: Card-authorization rate increase via pre-authorization risk checks.

$2,225: Average annual retail spending of consumers between the ages of 30 and 40.

20%: Portion of millennials who use mobile wallets several times per week.

75.4%: Share of consumers more likely to make a purchase if rebates are offered.

14%: Segment of consumers who give up on rebates because of complicated processes.

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