Consumer Spending

CFPB: Annual Consumer Spending on Credit Cards Hit $3.2 Trillion in 2022
CFPB: Annual Consumer Spending on Credit Cards Hit $3.2 Trillion in 2022
October 25, 2023  |  Debt

Consumers have been racking up credit card debt in the time since pandemic-era relief programs ended. Total outstanding credit card debt topped $1 trillion at...

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Worldline Market Value Sinks on EU Economy
Worldline Market Value Sinks on EU Economy
October 25, 2023  |  Fintech Investments

Worldline shares reached record lows Wednesday (Oct. 25) as the company reduced its sales forecast. The French payments FinTech announced it anticipates organic revenue growth...

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Clover Sales Grow 26% as Fiserv’s Merchants Embrace Business ‘Operating Systems’
Clover Sales Grow 26% as Fiserv’s Merchants Embrace Business ‘Operating Systems’
October 24, 2023  |  Earnings

Fiserv reported third-quarter results Tuesday (Oct. 24) that showed a continued embrace of P2P payments and Clover’s point of sale and software solutions for small...

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Nearly Half of Consumers Who Tried to Increase Their Credit Scores Did
Nearly Half of Consumers Who Tried to Increase Their Credit Scores Did
October 24, 2023  |  Debt

Consumers across income levels, credit scores and generations have accumulated high levels of debt. In fact, credit card debt recently surpassed $1 trillion for the...

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Expensify Ventures Into Personal Payments With New App
Expensify Ventures Into Personal Payments With New App
October 23, 2023  |  Payment Methods

Expensify says it has made its first venture into the personal payments space with its new app. The firm says its new offering, announced Monday (Oct. 23), is...

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Gen Z Subscribers Steer Clear of Commitment
Gen Z Subscribers Steer Clear of Commitment
October 23, 2023  |  Subscriptions

As subscription services target younger consumers, Generation Z is proving to prefer shorter stints over long-term commitments. According to findings from PYMNTS Intelligence’s study “The...

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1 in 4 Consumers Spend Indulgently on Streaming Services
1 in 4 Consumers Spend Indulgently on Streaming Services
October 20, 2023  |  Consumer Insights

As consumers mind their spending on nonessential goods and services, PYMNTS Intelligence finds that a significant share of the population believes that they spend liberally...

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American Express Earnings Show Travel and Entertainment Spending Climbs 13%
American Express Earnings Show Travel and Entertainment Spending Climbs 13%
October 20, 2023  |  Earnings

The latest results from American Express show consumers are continuing to spend on leisure activities — and are using their cards to so. The company...

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1 in 5 Paycheck-to-Paycheck Consumers Use Credit to Cope With Unexpected Financial Difficulties
1 in 5 Paycheck-to-Paycheck Consumers Use Credit to Cope With Unexpected Financial Difficulties
October 19, 2023  |  Personal Finance

Living paycheck to paycheck is a financial reality for many Americans, a trend that PYMNTS has tracked for some time. According to a recent report...

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