PYMNTS Intelligence

42% of Low-Income, Younger Consumers Use Debit Cards When Grocery Shopping
42% of Low-Income, Younger Consumers Use Debit Cards When Grocery Shopping
May 31, 2024  |  Consumer Payments

A wide variety of consumers across income levels and ages are showing a preference for paying for purchases with cash and debit cards, likely in...

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Treasury Management Playbook Dials Up New Cash Flow Strategies
Treasury Management Playbook Dials Up New Cash Flow Strategies
May 31, 2024  |  Risk Management

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High-Income Shoppers Likeliest to Abandon Carts Online
High-Income Shoppers Likeliest to Abandon Carts Online
May 30, 2024  |  eCommerce

As shoppers engage with eCommerce channels, high-income consumers prove, perhaps counterintuitively, to be the most likely to ditch their would-be purchases without completing the transaction....

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Gen Z Members Expect Credit Unions to Double Banking Features
Gen Z Members Expect Credit Unions to Double Banking Features
May 30, 2024  |  Credit Unions

According to PYMNTS Intelligence data, 95% of U.S. credit unions (CUs) are now wooing prospective Gen Z members. Get the Full Story Complete the form...

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75% of Companies That Invested $5M+ in AI Plan to Cut Back
75% of Companies That Invested $5M+ in AI Plan to Cut Back
May 29, 2024  |  artificial intelligence

According to our recent “C(AI)O Report: High Impact, Big Reward: Meet the GenAI-Focused CFO,” six in 10 CFOs say generative AI (GenAI) is the greatest...

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20% of Financially Unstable Consumers Cite Discretionary Spending as Reason
20% of Financially Unstable Consumers Cite Discretionary Spending as Reason
May 29, 2024  |  Consumer Insights

Nonessential spending is far from the No. 1 reason that consumers struggle with financial instability, but for a significant share of those living paycheck to...

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70% of Restaurant SMBs Say Convenience Is Top Instant Payments Benefit
70% of Restaurant SMBs Say Convenience Is Top Instant Payments Benefit
May 29, 2024  |  Faster Payments

While instant payments might seem like an innovation that only big companies would embrace, these types of expenditures are gaining traction with many mom-and-pop eateries....

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New Data: Card-Linked Offers Improve Relevance and Value
New Data: Card-Linked Offers Improve Relevance and Value
May 29, 2024  |  Loyalty & Rewards

Consumers who use card-linked shopping offers, which provide special savings or rewards attached to a merchant or product, return for more — most do. But...

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Small Retailers Relying on In-Store Sales Are More at Risk
Small Retailers Relying on In-Store Sales Are More at Risk
May 28, 2024  |  Retail

Small retailers that make most of their sales via brick-and-mortar are the most at risk of closing, compared to those that leverage an omnichannel strategy...

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