Search Results for: covid
Digital Channels Remain Popular for Bill Pay As Covid Fades, an ACI Study Finds
Consumers’ use of digital channels to pay bills continues to rise even as the Covid-19 pandemic begins to ease, according to a study by ACI Worldwide Inc. In looking at how consumers’ use of digital channels, such as Web sites and mobile apps, has grown during the first half of …
Read More »How Covid And Ongoing Investment Are Making Mobile Apps Stickier for Banks
The Covid-19 pandemic has helped fuel consumer adoption of mobile-banking apps by 67% of retail bank customers in the United States, up seven percentage points from 2020. And now no significant drop in consumer usage of these apps is expected as Covid-19 restrictions ease, says the J.D. Power 2021 U.S. Banking …
Read More »As AmEx Recovers From Covid’s Impact, Its Vital T&E Market Stages a Comeback in ‘Layers’
American Express Co. early Friday indicated growth rates for total network volumes, while still negative, have rebounded to first-quarter 2020 levels as economies re-open, anti-Covid vaccinations progress in major markets, and consumer travel recovers. “Our overall core business performance was slightly better than our expectations,” said AmEx chief executive Stephen …
Read More »As Covid Restrictions Ease, Consumers Are Using Debit Cards for Hotels, Motels, And Auto Rental
More evidence emerges of how consumer spending has changed in the past year. Consumers are using their debit cards more for transactions at hotels and motels within the travel sector, according to the PSCU Payments Index for April. Released Thursday, the index shows that debit card use accounted for 35% …
Read More »Transaction Volume Is On the Road to Recovery After Getting Hammered by Covid, Says Shift4
Just over a year after transaction volume in many merchant segments flatlined due to the economic turmoil caused by the Covid-19 pandemic, activity is showing a steadily strengthening pulse, according to data released Thursday by Shift4 Payments Inc. In March, Shift4’s end-to-end transaction volume totaled $3.3 billion, up 40% from …
Read More »Dwolla’s Speedy Link to Real Time Payments; Digital Payments Beyond Covid; Brinks Acquires PAI
Reds Pay Takes a Swing; Covid’s Effect on Supply-Chain Payments; Nuvei Adds Mastercard Send Integration
COMMENTARY: How Covid Solidified a Supply-Chain Payment Shift
The Covid-19 pandemic sent shock waves through nearly every industry—not least the global supply chain. Every piece of the supply chain was impacted, from manufacturing and production to fulfillment. And because supply chains are the backbone of commerce, the implications radiated beyond supply-chain hubs and essential workers to also impact …
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