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

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PYMNTS

AUGUST 4, 2020

To say that consumers have shifted dramatically toward digital commerce — or that small- to medium-sized businesses ( SMBs ) all over the world have been rapidly pivoting to keep up with them — is almost an understatement. Optimistic, but committed to continuing to revise how they do business and expand whom they do business with.

Small Business 126

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JANUARY 9, 2020

The country’s P2P industry, although just a small portion of overall lending, is nevertheless a compelling credit source for businesses and consumers that can’t obtain loans through China’s traditional banking system. Gansu, Hebei, Hunan, Chongqing and Sichuan were among Chinese provinces ordering a total shutdown of P2P lending in 2019.

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PYMNTS

DECEMBER 11, 2020

The research company’s annual sales satisfaction index showed that decreased showroom traffic caused by COVID-19 shutdowns fast-tracked dealer adoption of digital selling tools. These activities illustrate why such trends are likely to continue.”.

Economy 113

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PYMNTS

SEPTEMBER 3, 2020

Cash will always have a place among consumers — but its use is dwindling. Only 26 percent of all consumer payments are made in the U.S. with cash — and consumers are even starting to ditch plastic cards. Of course, large retailers, too, are continuing to invest in accelerating their investments in their digital experiences.

Digital Payments 104

Digital Payments Multifactor Authentication Point-of-Sale (POS) C2B 104

PYMNTS

JULY 1, 2020

But for credit-union servicer CO-OP Financial Services , an 18-month effort to stand up a 150,000-person call center came to fruition in mid-March, just days before shutdowns began going into effect nationwide. Adapting to Changing Consumer Needs. A Data-Driven Future.

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PYMNTS

JULY 2, 2020

The direct-to-consumer (DTC) trend attracted another big name this week, as Corona beer’s parent company, Constellation Brands , acquired media agency owner Gary Vaynerchuk’s Empathy Wines. The moves in the beverage alcohol space will undoubtedly continue as the pandemic persists and bars see inconsistent opening patterns.

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PYMNTS

OCTOBER 21, 2020

The trends toward modernizing the banking system were only accelerated by lockdowns and shutdowns of brick-and-mortar locations. “If That shift has underscored the banking sector’s need to have a robust and resilient tech infrastructure in place to allow banks to continue to function and continue serving customers.

Interoperability 126

Interoperability Digital Currency Cross-Border Shutdown 126

PYMNTS

JANUARY 9, 2020

A New Year’s Eve ransomware attack on Travelex continued to affect global businesses and customers today, including multiple Samsung Pay users, according to reports. A company representative confirmed that Samsung Pay’s international transactions have halted as technicians continue their efforts to resolve the issue.

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PYMNTS

DECEMBER 3, 2020

consumers struggled to pay bills, and it became a common way to buy retail products and pay for them over time, interest-free. The program began to disappear in the 1990s as credit cards grew more popular, but some retailers have continued to offer layaway during the holiday shopping season. A Rosier BNPL Future.

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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 . Department of Commerce announced.

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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.

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PYMNTS

JULY 30, 2020

Let’s check it out: Shutdowns Beget Mass Unemployment . These improvements in the labor market reflected the continued resumption of economic activity that had been curtailed in March and April due to the coronavirus pandemic and efforts to contain it,” the BLS said in releasing the numbers. percent between April and June.

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PYMNTS

SEPTEMBER 7, 2020

The second is the rise of direct-to-consumer (DTC) brands. eCommerce spiked because consumers demanded it and drove it. The first had to go direct-to-consumer as products because they didn't have a shot at traditional retail exposure. The first is the digital shift. Last year, DTC online sales reached an impressive $14.28

On-Demand 100

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PYMNTS

DECEMBER 31, 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. Although Edwards said that only 10 percent of consumers want to be paid by check, about 40 percent are still paid that way. That’s our No.

Innovation 115

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PYMNTS

MAY 20, 2020

“As the fitness landscape continues to evolve, we have seen a clear shift toward personalized, content-driven, at-home workout experiences,” added Scott Dahnke, global co-CEO of L Catterton. But the shutdown has also led to difficulties in buying high-end equipment.

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PYMNTS

OCTOBER 28, 2020

The sudden spike and the possibility of hospitals being overwhelmed means Swiss officials will soon announce new national measures to curb the infection, and they’re under extreme pressure from doctors to impose a strict national shutdown. European shutdown measures have led to protests and even small riots in Italy.

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PYMNTS

JULY 15, 2020

But I also worry about the psychological impact on consumer confidence.”. Brainard posited that the economy would instead continue to fluctuate, based on how the virus was progressing, with some industries doing better or worse than others. businesses closed forever between March and May due to the pandemic’s shutdowns.

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JULY 2, 2020

Lower digital sales penetration, a slower cadence of store reopenings, less agile management, and a continuing reluctance among many consumers to visit malls were all likely contributors to this dreadful sales performance,” said The Motley Fool. The retailer reported last week that sales plummeted 73.5 percent over 2019. With the U.S.

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PYMNTS

JULY 3, 2020

All with the simple goal of helping farmers more precisely grow the food that consumers want to eat — and grocery stores want to buy. And it is continuing to do that.”. He said consumers are still eating those goods, but their habits have changed in ways that harm some TerrAvion clients, but not others.

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PYMNTS

DECEMBER 3, 2020

Walmart is reportedly laying off an additional 1,200 workers as part of a reorganization that encompasses the big consumer shift to online shopping. We are continuing on our journey to create an omnichannel organization within our Walmart U.S. Also, Walmart was not hit with the store shutdowns that impacted other retailers.

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PYMNTS

DECEMBER 27, 2018

The ECB noted that underlying inflation is forecast to increase on a gradual basis over the medium term, supported by its monetary policy measures, continued economic expansion and increasing wage growth. That comes even with consumer spending and the U.S. are expressing concern about their own growth prospects.

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Central Bank Small Business Shutdown Economy 76

PYMNTS

NOVEMBER 22, 2020

And because of that, many buyers are having to order cars online and wait a few weeks for them to be delivered — a move running contrary to some consumers' desire for instant gratification. The change, WSJ speculated Sunday (Nov. In Europe, by contrast, the practice of preordering cars weeks in advance is more common.

Posting 77

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NOVEMBER 9, 2020

Simon Properties continues to defy the odds, posting a pandemic-depleted but profitable quarter Monday (Nov. We continue to improve our company through innovative investment opportunities, which, when combined with our A-rated balance sheet, sets us apart and allows us to redefine the future.”. We have withstood government shutdowns.

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PYMNTS

JANUARY 30, 2020

This will help reduce the unnecessary risk of virus exposure or transmission, and is the most prudent measure to take while we continue to closely monitor the situation in China,” said Michael Mullen, Kraft Heinz spokesman. It can also affect consumer confidence in large parts of the market,” he said. percent of rooms for Marriott.

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PYMNTS

SEPTEMBER 28, 2020

Italians, as it turned out, weren’t terribly avid digital consumers pre-pandemic, with only 40 percent of consumers shopping online compared to 87 percent of British consumers and 79 percent of German shoppers. based consumers. So, what’s the hold up? Once locked down, Italians began adoption of eCommerce at record speed.

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PYMNTS

FEBRUARY 1, 2019

The government shutdown was no speed bump, at least, according to the latest job numbers. Department of Labor (DOL), showed that even with a partial government shutdown, growth marked the period and the unemployment rate stood at 4 percent. percent, continuing a trend. Data released on Friday (Feb.

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PYMNTS

AUGUST 7, 2020

“We believe the long-term outlook continues to favor our strategic footprint and asset mix,” said CEO Steven Grimes. He said the company is considering the elevated unemployment rate, and balancing that with stabilization in consumer confidence since April. So that continues to be the large majority of the population.

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PYMNTS

MARCH 30, 2020

landlords are threatening to sue merchants who haven’t paid their rent because of government-mandated shutdowns due to the COVID-19 outbreak. At issue is the landlords continue to have their obligations to meet. Meanwhile, in the U.K., The rents help pay those bills. hasn’t granted a holiday to businesses to forgo paying their rents.

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PYMNTS

JULY 8, 2020

Unfortunately, this extended period of shutdowns and slow economic activity means fewer businesses will be around in the latter half of the year. The most pressing, of course, is how long the COVID-19 pandemic will continue to impact our everyday life. It’s now clear that all the talk of COVID-era change is crossing over into reality.

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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.”.

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PYMNTS

NOVEMBER 2, 2020

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. Despite the World Bank's prediction, it seems that the need to send and receive money has actually elevated, so long as consumers have the ability to do so digitally.

B2B 96

B2B Non-Bank On-Demand Volume 96

PYMNTS

NOVEMBER 3, 2020

big-box supermarket chains where consumers go to purchase a week or so worth of food items are not the norm. While India is one of the world's largest economies, many industries in the country continue to rely on legacy infrastructure to operate. I wouldn't say a lot of retailers went online trying to sell to consumers," he said.

B2C 84

B2C B2B Payments Economy 84

PYMNTS

APRIL 28, 2020

Moving from paper to digital has evolved for business-to-consumer (B2C) payments in recent years, but upgrading business-to-business (B2B) payments has taken longer. Ninety-six percent of SMBs in the United States already saw negative financial effects one month into these shutdowns, according to one recent study.

Checks 94

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PYMNTS

AUGUST 12, 2020

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. As it turns out, not all consumers are spending less. Hitt anticipates that the trend will carry on as long as the pandemic continues.

Consumer 89

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PYMNTS

NOVEMBER 1, 2020

Apple Chief Financial Officer Luca Maestri said the reason was “the continued uncertainty around the world in the near term.”. Germany and France have enacted significant shutdowns expected to last about a month. consumers are reversing a trend of recent years and seeking to buy goods rather than experiences. In the U.S.,

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PYMNTS

JULY 1, 2020

In its report, the OCC said that “operational risk is elevated, with banks implementing new processes and procedures, adopting pandemic-related continuity plans and responding to increased fraud and cyber risk.

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