Consumer Finance

Consumer financing is when a business offers financing to their customers with help from a professional finance company. This allows the consumer to pay for a good or service they couldn't pay for up front in cash or credit card. Consumer finance is helpful for both businesses and consumers
Consumer Finance
Barclays Upgrades Mobile Banking App To Control Spending
December 11, 2018

Barclays, the U.K. bank, announced Tuesday (Dec. 11) that customers of its mobile banking app now have the power to prevent spending at certain retailers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Consumer Finance
Recurring Card Payments To Hit $473B By 2021
November 21, 2018

A new report has predicted that recurring transactions processed on debit and credit cards in the United States will reach $473 billion by 2021. The report, “U.S. Recurring Payments Market Forecast, 2017–2021: Set It and Forget It,” has explored U.S. market size and reviewed service...

Consumer Finance
How Connected Cars Could Change Auto Finance
November 12, 2018

The automobile is one of those products that can change countless details of daily lives, to say nothing of the payments and commerce ecosystems associated with vehicles. And any significant change to the automobile — and that includes the rise of connected cars — will bring...

Consumer Finance
NEW DATA: With Wages And Hopes High, Why Are Consumers Behind On Bills?
November 12, 2018

The numbers are in, and the economy is looking up: Gross domestic product (GDP) is increasing fast, wages are rising and the unemployment rate is the lowest it has been in decades. Get the Full Story Complete the form to unlock this article and enjoy...

Consumer Finance
How The New FICO Will Change The Credit Landscape For Borrowers
October 24, 2018

After years of focusing nearly entirely on a consumer’s payment history, FICO has announced that as of 2019 it will be rolling out a new scoring system that will take money management into account in ranking borrowers. Specifically, FICO scores will now take a peek...

Consumer Finance
Number Of Unbanked Americans Plummets
October 24, 2018

A new survey revealed that the percentage of unbanked Americans fell to the lowest level since the 2007-2009 financial crisis. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Consumer Finance
FICO To Debut New Credit Scoring System In 2019
October 22, 2018

Fair Isaac, creator of the FICO credit score, will be rolling out a new scoring system in early 2019. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...

Consumer Finance
Visa, NFL Video Game Passes Financial Literacy To Kids
October 17, 2018

For many students, it was a time of either dread or excitement. The civics teacher, or the home economics instructor, would teach the class how to balance a checkbook, calculate compound interest and a few other skills that would go a long way in the...

Consumer Finance
How Much Of The Consumer’s Paycheck Goes To Amazon?
October 15, 2018

In 2009, consumers first coined the term “Whole Paycheck” as a tongue-in-cheek way to describe the sticker shock many felt when looking at their receipts after a shopping trip to Whole Foods. Whole Foods is, of course, the organic grocery chain that Amazon bought for...