PYMNTS-MonitorEdge-May-2024

consumer finance

NY’s Fin Services Regulator Says Faster Money Movement Bears Closer Scrutiny
NY’s Fin Services Regulator Says Faster Money Movement Bears Closer Scrutiny
May 16, 2022  |  Regulation

“We’re seeing financial services in places where we’ve not been not used to seeing financial services.” New York State Department of Financial Services Superintendent Adrienne Harris noted to...

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Merchants Seek Bottom-Line Benefits From Credit Card Surcharges
Merchants Seek Bottom-Line Benefits From Credit Card Surcharges
May 12, 2022  |  Credit Cards

Legal obstacles to surcharges on credit card transactions have been dropping for much of the past decade as courts continue to rule that the surcharges...

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Inflation Prompts 10x Increase in Consumers Reevaluating Subscription Value
Inflation Prompts 10x Increase in Consumers Reevaluating Subscription Value
May 10, 2022  |  Subscription Commerce

For many subscribers, convenience alone is no longer enough to retain their loyalty: Personalization is now a must-have feature that drives engagement for discerning consumers....

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Millennial Minute: 70% of Millennials Live Paycheck to Paycheck
Millennial Minute: 70% of Millennials Live Paycheck to Paycheck
May 06, 2022  |  Economy

We’re getting used to upheavals and disruptions at this point, but revelations of the extent of paycheck-to-paycheck living in the U.S. are impossible to ignore,...

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PYMNTS Intelligence: How BNPL Is Shaping Consumer Buying Behavior
PYMNTS Intelligence: How BNPL Is Shaping Consumer Buying Behavior
May 02, 2022  |  BNPL

The buy now, pay later (BNPL) market is skyrocketing, fueled by both increasing consumer awareness and aversion to high interest rates, particularly among younger generations. Recent...

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NEW REPORT: Paycheck-to-Paycheck Consumers 3x as Likely to Take On Credit Card Debt
NEW REPORT: Paycheck-to-Paycheck Consumers 3x as Likely to Take On Credit Card Debt
May 02, 2022  |  Consumer Finance

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....

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Vestiaire Collective: Resale Platforms and BNPL Power Sustainable Luxury Purchases
Vestiaire Collective: Resale Platforms and BNPL Power Sustainable Luxury Purchases
April 28, 2022  |  BNPL

Buy now, pay later (BNPL) is a growth industry that is already worth more than $125 billion, with projections to grow to $3.3 trillion by...

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Utilities Aim to Convert Final 25% of Customers to Digital Billing
Utilities Aim to Convert Final 25% of Customers to Digital Billing
April 26, 2022  |  Consumer Finance

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...

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NEW DATA: 6 in 10 Consumers Buying Only the Essentials as Inflation Rises
NEW DATA: 6 in 10 Consumers Buying Only the Essentials as Inflation Rises
April 25, 2022  |  Connected Economy

March 2022 marked the highest inflation rate seen in the United States since 1981, and consumers are feeling the pinch. Sixty-one percent of the U.S....

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