PYMNTS Study

US Consumers Pick National Banks Most for Their Primary Credit Cards

US Consumers Pick National Banks Most for Their Primary Credit Cards
US Consumers Pick National Banks Most for Their Primary Credit Cards
December 19, 2023  |  Credit Cards

In the United States, the average consumer has four credit cards, and the total credit card debt is nearly $1.1 trillion, according to data from...

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Nearly Two-Thirds of Struggling Consumers Revolve Credit Card Balances
Nearly Two-Thirds of Struggling Consumers Revolve Credit Card Balances
December 19, 2023  |  Consumer Finance

The holiday season has offered little reprieve from the rising prices of goods and services still weighing on consumers’ wallets. Many consumers use credit cards...

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One-Third of Small Business Will Pay to Receive Ad Hoc Payments Instantly
One-Third of Small Business Will Pay to Receive Ad Hoc Payments Instantly
December 19, 2023  |  Money Mobility

Non-recurring or ad hoc payments play a significant role in the monthly revenues of small to midsized businesses (SMBs). In fact, these payments make up...

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15% of Cardholders Cite Rewards for Increased Credit Card Spending
15% of Cardholders Cite Rewards for Increased Credit Card Spending
December 19, 2023  |  Loyalty & Rewards

Bank-issued credit cards, owned by nearly 200 million individuals in the United States, have become an essential financial tool amid inflation and rising costs, providing...

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Low-Income Tourists Steer Clear of Digital Tools When Picking Restaurants
Low-Income Tourists Steer Clear of Digital Tools When Picking Restaurants
December 18, 2023  |  Consumer Insights

While many consumers use websites and apps to find restaurants when they are traveling, PYMNTS Intelligence found that lower-income consumers tend to hold off. Get...

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A False Declined Payment Costs Merchants More Than a Sale
A False Declined Payment Costs Merchants More Than a Sale
December 18, 2023  |  eCommerce

A false decline is a legitimate card transaction that is ultimately denied, either by a bank or a merchant because it is mistakenly considered a...

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Consumers Need Incentives to Pick Pay-by-Bank Options
Consumers Need Incentives to Pick Pay-by-Bank Options
December 18, 2023  |  Retail

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Young SMBs Can’t Find Enough Business Financing
Young SMBs Can’t Find Enough Business Financing
December 15, 2023  |  SMBs

Working capital is the lifeblood of businesses of all sizes, and to those companies just starting, access to financing can mean the difference between stagnation...

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