PYMNTS-MonitorEdge-May-2024

consumer finance

‘Excess Savings’ Far Less Excessive Than First Thought
‘Excess Savings’ Far Less Excessive Than First Thought
November 04, 2022  |  Consumer Finance

On the face of it, $1.7 trillion in “excess” personal savings is a lot of firepower — enough to keep consumer spending buoyant through, and...

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Bank Transfers Look to Make the Leap From Bill Pay to Retail
Bank Transfers Look to Make the Leap From Bill Pay to Retail
November 04, 2022  |  Payments Innovation

The path to broad retail acceptance of online bank transfers may depend on consumers’ willingness to experiment with new payment methods, and PYMNTS’ data suggests...

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Americans Still Have $1.7T in Savings as Recession Looms
Americans Still Have $1.7T in Savings as Recession Looms
October 31, 2022  |  Consumer Finance

Thanks in part to government intervention during the pandemic, Americans have banked about $1.7 trillion in savings, according to the Federal Reserve. And as the...

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US Unbanked Population Shrinks to 4%
US Unbanked Population Shrinks to 4%
October 26, 2022  |  Financial Inclusion

Even in the face of the economic hardships that came with COVID-19, America’s unbanked dropped to around 4% last year. That’s according to the Federal...

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Restaurants’ Apps and Sites Take a Bite Out of Aggregators
Restaurants’ Apps and Sites Take a Bite Out of Aggregators
October 26, 2022  |  Restaurant innovation

In the last decade — particularly during the pandemic’s peak — third-party food aggregators have dominated digital ordering and fulfillment in the restaurant space. The...

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Many Paycheck-to-Paycheck Consumers Seek Relief in New Jobs
Many Paycheck-to-Paycheck Consumers Seek Relief in New Jobs
October 24, 2022  |  Consumer Finance

With paycheck-to-paycheck living now the norm for U.S. households including the highest earners, many consumers are trying to improve their lot by switching jobs, but...

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PYMNTS Intelligence: Member Data Drives Personalized Innovation
PYMNTS Intelligence: Member Data Drives Personalized Innovation
October 21, 2022  |  Credit Unions

Personalization has become the watchword in financial services today. A 2021 PSCU consumer survey found that nearly eight in 10 respondents prefer working with a...

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Are Tech-Driven Consumers the On-Ramp to Wider Crypto Usage?
Are Tech-Driven Consumers the On-Ramp to Wider Crypto Usage?
October 21, 2022  |  Cryptocurrency

Tech-driven consumers are usually the first to buy the latest connected device and the most willing to try cryptocurrency. Although they are just 15% of...

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Leveraging Connected Experiences to Build Consumer Trust
Leveraging Connected Experiences to Build Consumer Trust
October 20, 2022  |  Opinion

Providing data-driven connected experiences can offer value to consumers, leading to a better consumer-financial institution experience, PSCU SVP, Chief Product and Digital Officer Denise Stevens...

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