The checkout line is getting crowded with point-of-sale (POS) finance competitors each looking for a slice of the consumer lending market with the help of innovative technology and platforms. Filene Research Institute estimates the annual size of the POS finance market in the US at $391 billion ...
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Preferences shape how consumers like to pay and how your business should collect payments which impact customer satisfaction and churn. A new report from GoCardless looks at payer preferences for various types of recurring purchases in different markets and what’s needed for sales success. Eight ...
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Getting a handle on what’s happening in banking this year and in the future is a big challenge. Cornerstone Advisors surveyed 305 senior executives at US-based, mid-size financial institutions (FIs), 60% from banks and 40% from credit unions to get a picture of banking in ...
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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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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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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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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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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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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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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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