With platforms, with digital channels, just about — well, anything — can be gamified. Accumulating points, rewards, joining an online community of like-minded individuals can do much to spur new online habits and behaviors. We’ve seen the phenomenon at work with the stock market, perhaps...
Mounting inflationary pressures continue to weigh on United States consumers’ economic prospects, even as pandemic restrictions continued to lift in late March 2022. The U.S. government reported that inflation climbed to 8.5% in the past 12 months, with energy and food prices experiencing the most...
The rapid modernization of digital billing and payments processing is evident throughout the economy, with utilities among the leading examples. Fifty-five percent of utility company billing executives say the business environment’s digitization is the main factor that will affect industry growth through the next five...
Whirlpool said U.S. consumers might be losing interest in appliances after two years of the pandemic, The Wall Street Journal reported Monday (April 25). The dishwasher and refrigerator maker has cut its sales forecast and is reportedly looking into a review of an international division....
Consumers are buying less and spending more, according to recent PYMNTS research. The dollar has less buying power, and many consumers are restricting their spending. Inflation has significantly impacted Americans’ spending in every channel and category. PYMNTS’ data finds that consumers spent more on groceries...
Cross River Bank, a technology infrastructure provider offering embedded financial solutions, has partnered with financial app Revolut, a press release said. The intent is to build and scale the Revolut business in the United States, leveraging Cross River’s tech and regulatory infrastructure. This will open...
Sixty-two percent of U.S. consumers lived paycheck to paycheck in February, according to “The New Reality Check,” a PYMNTS and LendingClub collaboration based on a survey of 3,250 U.S. consumers. Get the report: The New Reality Check Urban and rural consumers are equally likely to...
Perception and reality are known to collide and create rude awakenings as we’re finding after months of researching how far paychecks are stretching in the pandemic era. The latest in the series New Reality Check: The Paycheck-To-Paycheck Report, a PYMNTS and LendingClub collaboration, The Regional...
Though the immediate threat of the pandemic began to thaw in late February in the United States, mounting inflationary risks weighed on consumers’ economic prospects. The U.S. government reported that inflation climbed to 7.9% in the past 12 months, with energy and food prices experiencing...
