The number of unbanked consumers was on a downward curve before the pandemic hit and caused widespread financial distress. Now that number is expected to grow as the economic downturn makes it even more difficult for the unbanked to save the funds they need to...
Both businesses and consumers are still attempting to deal with the financial hardships brought on by the ongoing pandemic. In the United States, 8 million consumers have fallen below the poverty line since May, for example, movement that severely reduces the access these consumers may...
Blackhawk Network recently announced that it has assisted dozens of nonprofit and government partners in the United States, Australia and the United Kingdom issue an overall $250 million in help through “hundreds of thousands” of prepaid and gift cards in the last few months —...
Big business and big treasury banks don’t make big changes on a whim. In fact, they don’t make them at all if they can avoid it, Ingo Money CEO Drew Edwards noted in a recent digital discussion with Karen Webster. They often only make fundamental...
As the pandemic recession and recovery call for bold, innovative fiscal action, legacy financial institutions are realizing FinTechs are more resource than rival as they maneuver in ways big FIs cannot. The PYMNTS Disbursements Tracker® explores the topic. Banks and traditional financial institutions (FIs) are...
A thorough knowledge of one’s cash flow is a necessity, and lacking such transparency can hinder a company’s ability to do everything from paying rent and finalizing future quarters’ budgets to compensating employees. The ongoing pandemic is also changing the status quo regarding cash flows...
Businesses are more motivated than ever to keep tabs on cash flow — which is challenging when so many business payments are still made using paper checks. In the latest Disbursements Tracker, Bridgit Chayt, senior vice president and director of commercial payments at Fifth Third...
Businesses of all sizes are doing their best to stay on top of changing payment trends and consumer expectations as the pandemic continues to impact how money is moved. These rapidly shifting trends have also caused most firms to become more concerned over the status...
Consumers and microbusinesses now get an average of two disbursements each year, excluding tax disbursements from local, state and federal governments. Yet, many of those disbursements are neither digital nor instant and available for consumers and microbusinesses to access and spend on demand, PYMNTS’ latest...
