Consumer Finance

Consumer financing is when a business offers financing to their customers with help from a professional finance company. This allows the consumer to pay for a good or service they couldn't pay for up front in cash or credit card. Consumer finance is helpful for both businesses and consumers
Online Groceries Secure Permanent Place in Consumer Spending on Essentials
Consumer Finance
Online Groceries Secure Permanent Place in Consumer Spending on Essentials
July 06, 2023

This installment of PYMNTS’ mini-series on consumer behavior popularized during the pandemic focuses on the rise of online grocery purchases. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

US Personal Income Rises as Consumer Spending Slows
Consumer Finance
US Personal Income Rises as Consumer Spending Slows
June 30, 2023

Consumer spending continued to drop in May as U.S. households curtailed spending and boosted their savings. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...

Consumers Face Financial Crunch From Rising Emergency Expense Costs
Consumer Finance
Consumers Face Financial Crunch From Rising Emergency Expense Costs
June 26, 2023

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and...

Backbase Acquires UK-Based Digital Wealth Platform Nucoro
Consumer Finance
Backbase Acquires UK-Based Digital Wealth Platform Nucoro
June 15, 2023

Backbase, a global engagement banking software provider, has made a foray into the digital wealth space with the acquisition of London-based firm Nucoro. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Nearly 40% of Millennials Turn to Side Hustles to Pay Bills
Consumer Finance
Nearly 40% of Millennials Turn to Side Hustles to Pay Bills
June 08, 2023

Even as millennials age into increased financial responsibility, more members of the generation are having trouble making ends meet. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...

Why Visa Says It’s Time to Look Beyond the ‘Personal FICO’ to Underwrite Small Businesses’ Credit
Consumer Finance
Why Visa Says It’s Time to Look Beyond the ‘Personal FICO’ to Underwrite Small Businesses’...
June 08, 2023

Over the past few years, consumers have steadily returned to brick-and-mortar stores and spending seems resilient, albeit slowing a bit, even with inflation stubbornly in place.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Fed Says Total Consumer Credit Outstandings Grew 5.7% in April
Consumer Finance
Fed Says Total Consumer Credit Outstandings Grew 5.7% in April
June 07, 2023

Consumer credit grew at a seasonally adjusted rate of 5.7% in April. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...

23% of Millennials Pay Bills Easiest to Pay First
Consumer Finance
23% of Millennials Pay Bills Easiest to Pay First
June 01, 2023

Retail and digital media subscription firms beware, as these are the payments consumers are most likely to skip when in a pinch, although there are strategies and tools to lessen the chances of partial or skipped payments. Get the Full Story Complete the form to...

Sorbet Launches On-Demand PTO Cash Advance Solution in 8 States
Consumer Finance
Sorbet Launches On-Demand PTO Cash Advance Solution in 8 States
June 01, 2023

Sorbet has launched a platform that lets employees access the value of their unused paid time off (PTO). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...