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May 31 Global payments news roundup

Here’s your global payments news roundup for this week. National Retail Federation predicts $16 billion in spending on Father’s Day gifts. 67% of consumers will shop at a retailer with mobile coupons. The payments industry has $2 billion of VC financing so far this year. ...
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US Father's Day
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Father’s Day spending will reach record $16 billion

The National Retail Federation (NRF) estimates Father’s Day gift spending in the US should reach a record $16 billion this year. That falls short of the $25 billion spent on Mother’s Day, but it’s still a pretty good day for dear old Dad and a ...
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mobile coupons attract shoppers
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Mobile coupons build loyal customers

If you thought coupons were going the way of pay phones and fax machines, new research from BRP Consulting’s report The Mobilization of Retail may get you to reconsider your bias. Not only are 41% of consumers planning to increase the frequency of their shopping ...
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$18.5 billion was invested in payments companies in 2018
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Payments industry pulling in big VC cash

The $1.9 trillion payments industry is getting a lot of attention and billions of dollars of investment from venture capitalists these days, according to a CNBC report. That makes for a lot of potential new payments industry unicorns on the horizon. Pitchbook Data, which monitors ...
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May 24 Global payments news roundup

After a week of subpoenas, bank intrigue, and political drama, we thought you’d enjoy a simple global payments news roundup leading into the US Memorial Day long weekend. First, we look into why cash is still used by 31% of US consumers. We explore why ...
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cash is still used in 31% of US consumer transactions
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Is cash still a factor in payments?

Here at Payments NEXT, we love to explore the world of payments of all kinds from credit and debit cards and the latest fintech innovations to mobile, contactless, cashless, biometrics, POS, and every future payment possibility on the horizon. Once in a while, it’s important ...
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e-commerce project failures
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30% of UK retail got no value from e-commerce projects

You’re in charge of e-commerce for your midsize retail business and you just finished your pitch for a budget for your next project. When asked how much it’s going to cost, you respond, “You better give me 130% of the budget, because 30% is going ...
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ATM installs are down 6% globally
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The case for cash, ATMs, pay phones, and pizza

Remember when you last went looking for a pay phone and found one? I can’t. It’s probably been 15 years. We could be seeing the early stages of a similar trend for ATMs if a new research report from London-based RBR is any indication. Researchers ...
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future of fintech
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Why is fintech adoption by business still lagging?

The cost benefits and ROI of fintech in the financial industry are so obvious, why is business still so slow to adopt many new technologies that can positively impact their bottom line? A new report for AvidXchange by Levvel Research offers insight into some of ...
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fintech news
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May 17 Global payments news roundup

While the tariffs tiff continues, we’ve got other global payments news to keep you ahead of the curve. We start with a business and payments industry look at the impact of China tariffs. AI is getting deeper into the payments business and online grocer Farmstead ...
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