South State Correspondent

AUGUST 16, 2023

Home equity lines of credit (HELOCs) and bank card usage are up 24% and 17%, respectively. We should see a slight increase in production in 2025 and 2026 driven by lower rates. Consumer Credit – Cards There is a shift of capital occurring to the prime tiers of cardholders. Unsecured personal loan usage is up 21%.

Trends 195

Trends Cards Capital Data 195

PYMNTS

JUNE 7, 2019

Mobile point-of-sale (mPOS) solutions have enjoyed widespread uptake in much of North America, and the region’s related market could see continued growth if solutions providers, government officials and other stakeholders play their cards right. percent between 2017 and 2026. Mexico isn’t alone in facing mPOS adoption challenges.

America 128

America Mobile Cards Study 128

PYMNTS

AUGUST 29, 2019

The share of field-based construction workers alone is projected to grow at a rate of 12 percent from 2016 to 2026, faster than the overall average, according to the BLS. Employees are given payment cards so they can buy fuel for company delivery vehicles without having to file for reimbursements. billion by 2026.

Tools 108

Tools Management Resources Study 108

The Paypers

JANUARY 10, 2022

UK-based Juniper Research has released a new study which shows that transactions made over prepaid cards will exceed USD 4.1 trillion globally in 2026, from 2.3 trillion in 2021.

Cards 28

Cards Study 28

PYMNTS

JUNE 5, 2019

percent between 2017 and 2026. This is especially true in North America, where consumers are still heavily reliant on plastic cards and cash payments. A recent analysis valued the global mPOS industry at $26 billion in 2018, and it is expected to increase at a compound annual growth rate (CAGR) of 18.8 In markets like the U.S.,

San Diego 130

San Diego Apple America Mobile 130

PYMNTS

MAY 3, 2018

In the May edition of the Disbursements Tracker , PYMNTS highlights some of the notable disbursement developments changing the way employees get paid, such as with digital escrow tools, and how borrowers, including small- to medium-sized businesses (SMBs), can access capital through their debit cards and instant deposit services.

Trends 128

Trends Payments Tools Lending 128

PYMNTS

JUNE 1, 2018

Square’s gross payment volume could reach $409 billion in 2026, or 4.1 Square’s integrated hardware, software and services solutions position the company to benefit from ongoing card acceptance penetration at smaller merchants, while gaining share against existing solutions that lag from a technological or efficiency basis,” wrote Perlin.

Bitcoin 101

Bitcoin Marketing Online Software 101

The Paypers

JUNE 28, 2021

A new study by Juniper Research has found that the global value of virtual card transactions will reach USD 6.8 trillion in 2026, from USD 1.9 trillion in 2021.

Cards 39

Cards Study 39

South State Correspondent

OCTOBER 26, 2023

Identity management, ID proofing, preventing account takeovers, limiting card-not-present risk, the rise of social engineering on remote workers, and more cyber-crime-as-a-service offerings had most of the buzz. The near-frictionless Know Your Customer (KYC) solution merits a look from banks.

Conference 221

Conference Las Vegas Fraud Data 221

PYMNTS

JUNE 27, 2016

After all, if people aren’t carrying bills – or even cards – with them, how will traditionally non-digital retailers keep up? This month’s edition of the tracker features an interview with Scott Reich and Michael Winik, co-founders o f OurHarvest , a New York-based pop-up initiative that’s part farmers market, part online grocer.

Retail 104

Retail Maine New York Millennials 104

PYMNTS

JULY 10, 2018

Contractors typically have limited cash flow , and 46 percent of them must use personal savings and credit cards to cover the gaps left by late payments — which can serve to delay payrolls, too, and make it harder to retain labor when unemployment is low.

Software 105

Software Industry Payments Tools 105

PYMNTS

MARCH 18, 2019

Walmart’s Product Analytics Manager of Payments Ling Jing said in a blog post , “To save the orders dropped off from soft declines, we implemented a feature that automatically resends the same card/name/address information the customer had previously entered after the payment receives a soft decline.”.

Online 110

Online Technology Security Payments 110

PYMNTS

NOVEMBER 29, 2017

The cannabis industry brought in a little over $6 billion in revenue in 2016 — a figure that some estimate will grow to as much $50 billion by the year 2026. The problem is not in moving the supply. As a point of comparison, U.S. consumers spent a roughly equivalent amount ( $55 billion ) on smartphones last year.

blockchain 102

blockchain Industry District of Columbia Florida 102

PYMNTS

AUGUST 30, 2019

The share of field-based construction workers alone is projected to grow at a rate of 12 percent from 2016 to 2026, faster than the overall average, according to the Bureau of Labor Statistics. Field-based work is projected to experience significant growth in the coming years.

Tools 100

Tools Management System Resources 100

PYMNTS

DECEMBER 1, 2017

The ride-sharing company said that no Social Security numbers, credit card information, trip location details or other data were taken. All in, hackers managed to nab names, email addresses and phone numbers of 50 million Uber riders around the world, as well as the data of about 7 million drivers, which includes 600,000 U.S.

New York 144

New York Data Regulation Washington 144

PYMNTS

MAY 17, 2017

All in, Wright noted, it adds up to a big opportunity for minor league baseball — and a big goal: to increase its fan base to 50 million by 2026. Such bracelets also could be linked to a credit or debit card so that older children could run to the concession stand without mom or dad having to hand them money.

Payments 101

Payments Community Jacksonville Community Bank 101

FICO

DECEMBER 20, 2022

Credit cards have seen record growth and near-record balances through 2022, and alternative payment methods are booming, including everything from ACH and real-time money transfers to phone-based systems like Apple Pay and Google Pay. Customers say BNPL can be even easier and more flexible than a credit card.

Fraud 52

Fraud Payments South Carolina Compliance 52

FICO

FEBRUARY 9, 2023

Payment scams reached unprecedented levels last year and look set to double by 2026. It’s notable that the receiving organization may not be another bank but could be another type of financial institution — for example, a credit card issuer. The vast media attention on the various types of payment scams has helped keep awareness high.

Fraud 52

Fraud social media Examples Regulation 52

CB Insights

MARCH 2, 2018

Research from Morgan Stanley projects the online retail market will explode from $15B in 2016 to $200B in 2026. Other shoppers paid for purchases using online wallets that could be topped up at brick-and-mortar stores or pre-paid cards. The gift card system has since been integrated into Amazon’s marketplace, and can be sent via email.

Regional 68

Regional Retail Marketing Online 68

South State Correspondent

OCTOBER 25, 2023

The rise of card-not-present transactions for phone and then e-commerce, starting in 1994, cannibalized check volume, as did Paypal, retail ACH for phone and internet transactions in 1998. The debit card started to rise in popularity in 2004, as did an explosion of ATMs in 2005, affording the general population more access to cash.

Fraud 195

Fraud ATM Payments Management 195

NCR

MARCH 29, 2017

Across every age group, cash purchases were more common than credit card transactions, and despite popular belief, cash is not yet dead. ” One of the possible reasons for the youngest customers showing a preference for cash is that they don’t have access to other payment products, such as credit cards.

Security 40

Security San Francisco ATM Payments 40

Perficient

NOVEMBER 21, 2024

Under this ruling, banks, credit unions, credit card issuers, and other financial service providers must enhance consumer access to personal financial data. The first compliance deadline of April 1, 2026, impacts the largest organizations. The ruling demands action from all non-depository firms (e.g.,

Compliance 221

Compliance Data Cards Meeting 221

PYMNTS

MAY 16, 2018

In a press release , the India-based company said that the new service – combined with its PayTM and PayU Wallet, Unified Payments Interface, and localized Indian debit and credit card payment services – is aiming to be the “best” localized shopping service for Indian customers.

Online 112

Online Video Retail Payments 112