PYMNTS

OCTOBER 16, 2020

Direct-to-consumer (D2C) selling has taken wing with the ascendance of eCommerce to retail’s throne. How consumer packaged goods (CPG) brands and subscription-based businesses respond to this important trend will be make-or-break for many. percent of consumers have bought CPG through these channel.”.

Consumer 84

Consumer Shutdown Product Volume 84

PYMNTS

JANUARY 30, 2020

Data indicate that the three biggest economies in the eurozone, France, Germany, and Italy, all report higher-than-expected consumer morale as shoppers continue to open their wallets and spend to support expanding a strong overall economy. In Italy, consumer confidence in January 2020 grew to 111.8 from 110.8

Economy 56

Economy Consumer Shutdown Central Bank 56

PYMNTS

JANUARY 9, 2020

China’s peer-to-peer (P2P) lending market is headed for more turbulence in 2020 as more of its popular platforms face potentially being shut down as the government tightens regulatory reins. Gansu, Hebei, Hunan, Chongqing and Sichuan were among Chinese provinces ordering a total shutdown of P2P lending in 2019. billion yuan (US$70.4

P2P 52

P2P Shutdown Non-Bank Regulations 52

PYMNTS

MAY 25, 2020

The balance of 2020 will be notable for what Amazon does not do. The stark fact is that retailers that can stay in business through what is basically a 90-day shutdown have access to a line of credit or receive substantial eCommerce business. Nike will end 2020 as a consistent retail force, commanding respect for more than the shoes.

Shutdown 64

Shutdown Returns On-Demand Governance 64

PYMNTS

DECEMBER 31, 2020

For Main Street businesses, to say 2020 was challenging is an understatement. The good news, according to PYMNTS data , is that as 2020 is coming to a close, small- to medium-sized businesses (SMBs) are feeling genuinely more confident about their odds of continued survival than they were when the pandemic began.

Small Business 67

Small Business PayPal Visa Shutdown 67

PYMNTS

JUNE 25, 2020

In fact, for some people, the pandemic’s shutdown of the economy and normal life for several months provided time to breathe, with less stress from transportation or having to leave the house for work. That decline was matched by Gen Z respondents. But finances are a particular point of concern for both generations.

Shutdown 67

Shutdown Economy Finance Consumer 67

PYMNTS

AUGUST 4, 2020

The first half of 2020 was a tough time to run a small business on Main Street as stay-at-home orders closed down restaurants and retailers for much or all of the past five months. And they had to expand out their consumer base.”. Early on in the pandemic, more than half of those we surveyed (58.4

Real Time Payments 72

Real Time Payments Point-of-Sale (POS) Small Business Settlement 72

PYMNTS

MAY 5, 2020

Online retail giant Wayfair saw its sales surge in the first quarter of 2020, even while its net loss grew. The company’s increase in sales comes as shutdown orders have swept the globe. million during the first quarter of 2020. Wayfair’s total net revenue increased $385.2 million to $2.3 That’s up from $243.97

Consumer 52

Consumer Shutdown Assessments Product 52

PYMNTS

OCTOBER 20, 2020

Until recently there was “a consumer” who industry felt it understood, and whose tastes it knew well enough to gauge the market of new products and services. Business roadmaps predating 2020 aren’t much use these days, however, as COVID has altered the terrain.

Consumer 88

Consumer Shutdown Returns Economy 88

PYMNTS

SEPTEMBER 23, 2020

"It's gratifying that KKR sees such incredible value in our brand and that they will continue to support us in doing what we do best — delivering the best vision care to consumers with the highest quality customer service,” 1-800 Contacts CEO John Graham said in the announcement.

Shutdown 81

Shutdown Returns Innovation Consumer 81

PYMNTS

JUNE 19, 2020

American consumers will be spending more time at home this summer as they continue to social distance amid the COVID-19 pandemic, and they are thus examining ways to spruce up their surroundings with home improvements and backyard landscaping projects. European Consumers Show Similar Trends . European Consumers Show Similar Trends .

Consumer 60

Consumer BNPL On-Demand Shutdown 60

PYMNTS

SEPTEMBER 7, 2020

The second is the rise of direct-to-consumer (DTC) brands. billion , with that figure expected to grow more than 24 percent in 2020. As Labor Day is the gateway to the all-important fourth quarter, it’s a good time to look at where the DTC category will end up when the dust has finally cleared on 2020: How COVID-19 Boosted DTC.

On-Demand 100

On-Demand Shutdown Consumer Gateways 100

PYMNTS

JULY 8, 2020

“2020 will be the year when businesses invest in filling their information and skill gaps to take advantage of digital commerce.”. Unfortunately, this extended period of shutdowns and slow economic activity means fewer businesses will be around in the latter half of the year.

Shutdown 64

Shutdown On-Demand Returns B2B 64

PYMNTS

DECEMBER 31, 2020

Take a look (and have a listen) at our 10 favorite podcasts from 2020. As much as a click from the Kardashians helped spread the brand awareness and jump-start his company, Molnar said, as a spending trend among young consumers set the stage for BNPL's success. Is 2020 Healthcare’s Year To #KillTheCheck?

Innovation 115

Innovation Payments Shutdown On-Demand 115

PYMNTS

JULY 2, 2020

If department stores survive this pandemic, July 1, 2020 will almost certainly mark the point where the format reached one of its darkest days. in general and Southern states in particular unable to control the spread of COVID-19 at this point, the scenario of yet another retail shutdown looms. s John Lewis – and, in the U.S.,

Shutdown 98

Shutdown Returns Caps Advisors 98

PYMNTS

APRIL 29, 2020

The housing market is temporarily grappling with the coronavirus-induced shutdown, which pulled down new listings and new contracts,” said Lawrence Yun, NAR’s chief economist, in a statement. . The housing market is temporarily grappling with the coronavirus-induced shutdown, which pulled down new listings and new contracts,” Yun said. “As

Shutdown 56

Shutdown Economy Consumer 56

PYMNTS

AUGUST 14, 2020

1, 2020 of $893.2 As insight into consumer behavior grows, management continues to execute inventory control measures with the continual goal of aligning purchases with sales,” Dillard’s said in a statement. According to Placer, Macy’s had already started off 2020 with mixed traffic numbers, seeing year-over-over visits down 0.9

Shutdown 70

Shutdown Continuity Consumer Payments 70

PYMNTS

SEPTEMBER 7, 2020

The year 2020 began inconspicuously — but in a few short weeks, everything changed. For the corporate card, 2020 has been a season for dramatic shifts in how the payment tool is used and the value it adds to the enterprise. It’s a shift that will almost certainly continue into the autumn and winter months towards the closure of 2020.

Commercial Card 98

Commercial Card Push-to-Card Small Business Card Issuer 98

PYMNTS

APRIL 9, 2020

Though they’ve overcome serious technical hurdles, work well, and are now in the hands of billions of smartphone-owning consumers, mobile wallets including those from Big Tech players Apple and Google are starving for share as Q1 2020 usage slipped below an unimpressive 2019. Between March 10 and March 18 PYMNTS surveyed 5,557 U.S.

Point-of-Sale (POS) 56

Point-of-Sale (POS) Shutdown Consumer Volume 56

PYMNTS

MAY 22, 2020

Boston’s Petit Robert Bistro , one of the city’s fanciest French restaurants, started 2020 with expectations that were anything but small. Le Garrec described his initial experience of the shutdown as something of a mad dash for survival. But will the consumers actually return? This is what it has been like all the way through.

Shutdown 97

Shutdown Returns Checks On-Demand 97

PYMNTS

JUNE 27, 2020

Consumers certainly want to dine out again: When PYMNTS has polled them on the subject, eating at restaurants only trails seeing friends and family on the list of reasons to venture out. But there’s also a bit of a gap between what consumers want to do and what they will feel safe doing. But what is “normal?”. Really, really inventive.

Contactless Payments 124

Contactless Payments Consumer Innovation Shutdown 124

PYMNTS

JULY 29, 2020

In an earnings season defined by diminished expectations amid the worldwide economic shutdown, PayPal not only beat analysts’ expectations Wednesday (July 29) but enjoyed a record quarter. We’re committed to supporting our consumers and merchants as they work to safely navigate this new reality.”.

Venmo 84

Venmo PayPal Direct Deposit Adjustments 84

PYMNTS

NOVEMBER 2, 2020

When the World Bank issued its 2020 predictions for the remittances market, it was bad news for service providers in the space. Interestingly, the World Bank cited the pandemic and related shutdown as the main cause of the trend, pointing to lower wages and lost jobs as a key factor. We think some of it is going to stick.

B2B 96

B2B Non-Bank On-Demand Volume 96

PYMNTS

MAY 5, 2020

The COVID-19 pandemic hit Disney hard for the first three months of 2020, with overall revenue down $1.4 Only the final few weeks of the quarter absorbed the worldwide shutdown of Disney’s theme parks. billion largely stemming from its ravaged theme park sector, which has been closed since mid-March. billion, up from $14.9

Shutdown 65

Shutdown Adjustments Volume Product 65

PYMNTS

DECEMBER 30, 2019

When ABG was announced as Barneys’ owner, the company said Saks Fifth Avenue would serve as a partner for both in-store and eCommerce transactions – so the shutdown of Barneys’ sites is as expected.”. At the same time, interest from young consumers who are conscious about sustainability has provided an opportunity for the industry.

Shutdown 53

Shutdown Transactions Authentication Continuity 53

FICO

APRIL 13, 2022

As of April 2021, the average FICO® Score in the United States sits at 716 , an increase of eight points compared to April 2020, which is around the time the economic shutdown driven by the COVID-19 pandemic began in earnest. consumers’ credit behavior, credit report, and credit history as observed in the underlying credit score data.

Credit Cards 52

Credit Cards Shutdown Consumer Risk 52

PYMNTS

AUGUST 12, 2020

The fact that the masks rapidly became the fashion-statement accessory of summer 2020 should surprise absolutely no one. However, it does point to some notable shifts in spending patterns among affluent shoppers who are more immune to the economic angst that’s plaguing the average consumer these days. The Jewelry Boom.

Consumer 89

Consumer Shutdown Small Business Checks 89

PYMNTS

SEPTEMBER 7, 2020

The difference is in the way the shutdowns earlier this year spurred demands for trucks that could withstand rougher terrains as Americans turned more to vehicles ready for road trips to get out of the house. Car sales are down 19.8 percent, according to stats from Motor Intelligence.

Shutdown 71

Shutdown On-Demand Research Economy 71

PYMNTS

MAY 7, 2020

Disney, for example, reported earlier this week that it has lost roughly $1 billion each day since the start of the shutdown. April 2020 was also a record-breaking month for PayPal in terms of enrollment and use. The first quarter of 2020 also saw payment transactions pickup by 20 percent to 1.2 PayPal added 7.4

PayPal 99

PayPal Transactions Process Venmo 99

PYMNTS

MARCH 30, 2020

Consumer confidence was at an all-time high, and unemployment at an all-time low. Consumer spending was strong, as were their household balance sheets. For most SMBs , 2019 was a banner year, and 2020 was expected to be nothing less than spectacular. There is no doubt that March 2020 has come in like a lion with a vengeance.

On-Demand 92

On-Demand Credit Cards Returns Shutdown 92

PYMNTS

JULY 3, 2020

Small- and medium-sized businesses have been hit hard by the pandemic, but most are scrambling into digital pivots to blunt the impact of physical stores’ shutdowns, Colleen Taylor , executive vice president and head of merchant services at Wells Fargo , told Karen Webster during a recent conversation. economy will make it through.

Economy 98

Economy Push-to-Card Small Business Shutdown 98

PYMNTS

SEPTEMBER 22, 2020

22) that long-postponed Amazon Prime Day 2020 will be now be held Oct. It has waited long enough to see shipment times improve on non-essential items across most regions, but not so long that it’ll compete with its own early Black Friday 2020 deals. In addition to its desire to dominate the whole U.S. 13 through 14.

Shutdown 67

Shutdown Economy Risk Continuity 67

PYMNTS

DECEMBER 23, 2020

In addition, some financial institutions catering to small companies will keep getting government support following a large shutdown earlier in 2020 because of the coronavirus. Ant has two credit subsidiaries that include Huabei and Jiebei, which is a short-term consumer loan provider.

Credit Limit 59

Credit Limit Shutdown Credit Cards Blockchain 59

PYMNTS

MAY 1, 2020

Normal is not coming back, or at least not in the form we all knew it in January 2020. There are many reasons for that, but perhaps the biggest, Ecwid CEO Ruslan Fazlyev told Karen Webster, is consumers who once inhabited that world pre- coronavirus no longer exist. Consumers now live in a digital world. Everything.

Shutdown 77

Shutdown Innovation Consumer Economy 77

PYMNTS

JANUARY 17, 2021

It was supposed to be a compelling option for consumers in the connected economy, but the subscription model for automobiles is hitting some speed bumps as BMW and Audi are pulling back on their programs. The Book by Cadillac website says Cadillac “will be debuting a new program in early 2020.” Down but Not Out. percent to $39,259.

On-Demand 81

On-Demand Shutdown Consumer Finance 81

PYMNTS

JULY 7, 2020

That change in consumer behavior had a lot to do with the market crash of 2008 and differing ideas about financial security, especially between ascendant millennials and cohorts with less collective spending clout. consumers to shift as much as $100 billion in annual spending from credit to debit cards.”. My Money, My Way.

Credit Cards 54

Credit Cards Debit Card Push-to-Card Card Issuer 54

PYMNTS

DECEMBER 23, 2020

Certain banks catering to small businesses will also continue to receive government support in the wake of a massive shutdown earlier this year due to the COVID-19 pandemic. China’s economy returned to growth in the second quarter and is now the only leading economy to show significant growth in 2020, with GDP growing 0.7%

Economy 69

Economy Returns Shutdown Small Business 69