Consumer Spending

Why Improved Consumer Sentiment May Not Translate Into Increased Spending
Why Improved Consumer Sentiment May Not Translate Into Increased Spending
February 05, 2024  |  Economy

The more sanguine consumers feel about the state of the world — particularly about the state of inflation — the more apt they are to...

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Nearly Half of Credit Users Expect Higher Interest Rates in 2024
Nearly Half of Credit Users Expect Higher Interest Rates in 2024
February 03, 2024  |  Consumer Finance

It seems United States consumers expect little reprieve from inflation-fueled rising prices of goods and services moving into 2024. Although consumers report feeling somewhat better...

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New Fund Flows Outpace Card Growth as Payment Networks Eye Open Banking Opportunities
New Fund Flows Outpace Card Growth as Payment Networks Eye Open Banking Opportunities
February 02, 2024  |  Earnings

Beyond the debit and credit card issuance, beyond the consumer spending, the networks see growth ahead underpinned by new payment flows. The recent spate of...

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App Quality Key to Credit Card Choice for More Than Half of Consumers
App Quality Key to Credit Card Choice for More Than Half of Consumers
February 01, 2024  |  Credit Cards

When choosing a credit card, consumers typically take into account a series of features, such as the interest rate, the possibility of getting reward points...

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Demand for Security Solutions Boosts Mastercard’s Value-Added Services Revenues 17%
Demand for Security Solutions Boosts Mastercard’s Value-Added Services Revenues 17%
January 31, 2024  |  Earnings

For Mastercard, new payment flows and digital innovations outpaced spending growth on cards — though consumers remain resilient. And as management noted in a press...

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D2C Brands Win With High-Income Shoppers
D2C Brands Win With High-Income Shoppers
January 30, 2024  |  eCommerce

As direct-to-consumer brands look to drive customer acquisition, high earners are their best customers. By the Numbers The PYMNTS Intelligence report “The Online Features Driving...

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Private-Label Card Pressures May Signal Spending Pullback
Private-Label Card Pressures May Signal Spending Pullback
January 30, 2024  |  Consumer Insights

Where there’s smoke, there’s fire, goes the old aphorism. In the credit card space, and within the private-label subset of that industry, the flames are...

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Valentine’s Spending Expected to Hit Record $14.2 Billion
Valentine’s Spending Expected to Hit Record $14.2 Billion
January 29, 2024  |  Retail

Americans are projected to spend $14.2 billion this Valentine’s Day amid heightened consumer confidence. That record amount comes from a survey released Monday (Jan. 29) by the National...

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Free Shipping Bolsters Loyalty Most Among Online Shoppers
Free Shipping Bolsters Loyalty Most Among Online Shoppers
January 29, 2024  |  Retail

Foot traffic is a key metric of customer attraction for brick-and-mortar stores, and online visits are the corresponding metric for online shops. If the product...

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