Consumer Spending

World Cup Highlights Growth Of Contactless Payments In Russia
World Cup Highlights Growth Of Contactless Payments In Russia
July 16, 2018  |  Payments Innovation

Contactless payments scored big at the FIFA World Cup in Russia, with 50 percent of Visa purchases in tournament venues utilizing contactless transactions through cards, mobile devices...

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Starwood Devalues Points On Amex Card
Starwood Devalues Points On Amex Card
July 12, 2018  |  Loyalty & Rewards

Users of the Starwood Preferred Guest (SPG) American Express (Amex) card aren’t happy with the changes coming to their cards, which give them one-third fewer reward points...

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Consumer Debt Increases In May
Consumer Debt Increases In May
July 10, 2018  |  Consumer Finance

New data shows that U.S. consumer debt rose in May by the most in six months, showing that Americans were more comfortable with spending midway...

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PayPal Rolls Out Checkout With Smart Payment Buttons
PayPal Rolls Out Checkout With Smart Payment Buttons
June 28, 2018  |  Payments Innovation

Today PayPal is launching Checkout with Smart Payment Buttons, the latest salvo in the firm’s ongoing war against checkout friction. Friction during the online checkout process...

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Self-Service Kiosks Boost Consumer Spending By 30 Percent
Self-Service Kiosks Boost Consumer Spending By 30 Percent
June 26, 2018  |  Retail

With the introduction of kiosks, quick-service restaurants (QSRs) are speeding up the traditional ordering process. But these devices can do more than allow customers to...

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Are Retailers Ready For Amazon’s Prime Time?
Are Retailers Ready For Amazon’s Prime Time?
June 25, 2018  |  Payments Innovation

My plan on Friday evening was to write a hard-hitting piece on a services segment with incredible marketplace friction. Then I went to Whole Foods...

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Amazon Restaurants, Big Threat Or Essential Lifeline?
Amazon Restaurants, Big Threat Or Essential Lifeline?
June 18, 2018  |  Payments Innovation

The restaurant industry today is a study in contradictions. Census data tells us that roughly 44 percent of what consumers spend on food comes from...

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Retail Sales Shot Up In May
Retail Sales Shot Up In May
June 14, 2018  |  Retail

Consumer confidence seems to have returned in a big way in May as retail sales soared to their highest level since November 2017, according to...

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Younger Customers Drive Growth Of Casual Luxury
Younger Customers Drive Growth Of Casual Luxury
June 08, 2018  |  Retail

Driven by younger customers, such as millennials and teens, casual luxury is bolstering sales of luxury apparel, handbags and footwear. According to research from Bain,...

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