No one needs to be told that eCommerce is becoming a more important part of consumers’ daily lives. Any number of stats — from the 2018 holiday shopping season, for instance, or a Deep Dive by PYMNTS into how much shoppers spend with Amazon — confirm...
When it comes to managing personal finances, consumers are seemingly taking one step forward and three steps back. For one thing, the portion of consumers who fell behind on bill payments went way up, increasing from 30.7 percent in Q2 2018 to as much as...
It’s been 10 full days since government workers missed their paychecks due to the prolonged government shutdown, and one of the most recognizable crowdfunding companies is stepping in to help. GoFundMe has launched a fundraising campaign targeted specifically to furloughed government workers, according to reports,...
SWIFT announced Wednesday (Jan. 16) that it published a standard for the Pay Later APIs, which it said is a key step in enabling the adoption of a new consumer payment model. In a press release, SWIFT said Pay Later is an instant online payment facility which...
Cash flow can make or break daily life for consumers or businesses. Not enough in your account? Plan on asking your landlord for a few more days to pay the rent. Not able to quickly access those funds in that check you just received? Payroll...
A new report has found that as debt rates have climbed to pre-recession levels, minority consumers are struggling to reach financial parity. A report from Packaged Facts, “The Financial Services Market: African Americans and Hispanics, as of 2018,” found that while 70 percent of U.S. adult...
Affirm, a company founded by entrepreneur Max Levchin to provide fair alternative credit, has launched a new free saving account that offers a 2 percent annual interest rate. The move comes amid other such recent offers in the finance world. “As part of making good...
Nearly all American millennials plan on making a financial resolution in 2019, with some of the biggest goals being to save more money, budget more effectively and pay off debt. According to new data from Principal Financial Group, 94 percent of respondents plan on making financial...
New data has found that the default levels for bank cards, auto loans and first mortgages have reached their lowest levels of 2018 within the past three months. The S&P/Experian Consumer Credit Default Composite Index shows that the composite rate rose one basis point from...
