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Consumers Are Paying Off Sooner on Holiday Purchases Financed With BNPL Loans, Klarna Finds
Shoppers financing purchases during 2023’s Black Friday weekend are paying off their loans sooner than they were a year ago. Some 30% of BNPL purchases made during that period in the United States were paid off early, compared to 24% a year earlier, according to BNPL provider Klarna AB. Overall, …
Read More »In Chargebacks, Consumers Trust Their Banks, a Chargebacks911 Report Finds
Most U.S. consumers—53%—concerned about a possible fraudulent transaction on their credit card statements make the first inquiry with the issuing bank, not with the merchant. That’s according to the newly released 2024 Cardholder Dispute Index released by Chargebacks911, a Clearwater, Fla.-based dispute-management company. Conducted in partnership with TSG, an Omaha, …
Read More »Consumers Are Spending More On Gift Cards As P2P Apps Open As a Channel
Prepaid card spending is on the rise, according to Fiserv Inc.’s annual Prepaid Consumer Insights Study. Some 69% of consumers surveyed say they purchased the same number of gift cards, or more, in 2023 compared to 2022. In addition, 40% of buyers are putting at least $50 on gift cards, …
Read More »Payment Apps Are Making Steady Strides With Consumers, an ETA/TSG Study Shows
Roughly a decade after Apple Pay and other digital wallets burst into the U.S. payments market, the apps seem to be well on their way toward mass adoption, according to consumer-survey results released early Wednesday by the Electronic Transactions Association and the consulting and research firm TSG. In line with …
Read More »Eye On BNPL: Consumers Look To BNPL To Avoid Card Debt; Sezzle’s Deal With Sportsman’s Warehouse
Consumers’ concerns about incurring credit card debt this holiday season is pushing many shoppers to consider buy now, pay later loans as a budget-management option, according to a report from the payments firm Klarna AB. Some 53% of respondents expressed concern about incurring credit card debt during the holiday season. …
Read More »Stax Swoops up APPS; Eye on Consumers; Nacha Volume up 20%
Eye on Consumers: Organized Fraud Is up 44%; Holiday Spending Could Exceed Pre-Pandemic Levels
With the fourth quarter under way, fraudsters are increasing the sophistication of their attacks while consumers are gearing up for a busy holiday-shopping season, albeit with different goals. First, a new report from Au10tix, an Israel-based identity verification and management provider, found a 44% increase compared to preceding quarters in …
Read More »Stripe Eyes Its Checkouts for Consumers And Conversions for Merchants
Stripe Inc. early Monday launched a series of enhancements aimed at improving checkouts for merchants. The new features—which include one-click checkouts and a no-code A/B testing tool for businesses to evaluate how different payment methods perform—rely on pre-built user interfaces. This should allow merchants to quickly deploy the new features, …
Read More »Bitcoin Depot Adds Merchants Where Consumers Can Buy Crypto at The Point of Sale
Bitcoin Depot Inc., a Bitcoin ATM operator, has expanded the footprint of its BDCheckout program to more than 400 retail locations in Iowa and Louisiana. BDCheckout enables consumers to fund digital wallets with cryptocurrency at checkout through Bitcoin Depot’s network of merchants. Consumers can access BDCheckout at 246 convenience stores …
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