Industry

VIDEO: Where Are Consumers Redeeming Gift Cards?

– 33% at an online-only retailer– 21% at a mass merchandiser or discount retailer– 14% at department stores– 12% at fast food restaurants– 11% at coffee shops– 11% at apparel storesData for this episode of Truth In Data was provided by Mercator Advisory Group’s report – Consumers and Prepaid: Shifting Toward Digital.

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VIDEO: Do Consumers Prefer Mobile Apps or Plastic?

Mobile payment solutions work best when integrated into the overall user experience – specifically surrounding the ‘convenience’ and ‘immediacy’ desires. Mercator Advisory Group refers to this as, “lifestyle commerce,” and the current areas of opportunity include Mobile Order-Pay, Self Checkout, On-Demand Services, and E-Commerce.

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Are Challenger Banks Challenging?

I keep seeing headlines about Amazon opening a bank, challenger banks pulling the crown off the incumbent banks heads, the end of old banks, the disruption of the system and the end of all traditional financial services.

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Crypto Industry at Risk of a Strong Downturn

Echoing sentiments of mainstream economists, Juniper Research is warning that many of the metrics in the cryptocurrency world are pointing to a market implosion. Industry bellwether Bitcoin had seen its daily transaction volumes fall from an average of around 360,000 a day in late 2017 to just 230,000 in September 2018.

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VIDEO: What Percent of Buyers Use Retail-Specific Prepaid Cards as Gifts?

39% of buyers give retail-specific gift cards as presents. But a lot – 28% – buy gift cards for the rewards. A similar number, 26% buy prepaid gift cards as a way to get a discount.

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VIDEO: When It Comes to Gifting Is Cash or Prepaid King?

Whether receiving funds as a gift, or just receiving funds generally, theres a steep and steady decline in consumers receiving funds on prepaid cards…

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Why Gig Workers Prefer PayPal Over Direct Deposit

A growing group of Americans are eschewing traditional, full-time employment, but that doesn’t mean they’re leaving the workforce entirely. As a result, their payment, or disbursement, preferences are also changing. According to the latest Gig Economy Index, more than one-third of the U.S.

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Financial Technology Sector Enjoys M&A Boom

The financial technology sector reported 141 MA transactions in the first half of 2018, with a total disclosed value of nearly 40 billion, more than 26 up from the prior half year.

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Loyalty Marketing Is Paramount in Era of Endless Payment Options

Modern retail customers have infinite choices at their fingertips. They can easily find any product at any time at the best price. There’s no pain in switching brands. That’s why gaining repeat customers is necessary for long-term retention and brand loyalty.

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VIDEO: 4 in 5 Mobile Payers Also Bought a Prepaid Card Last Year

Prepaid card purchasing took a dip in 2017 down to 56% of consumers having bought one in the last year – the same % as 2014. In 2015 and 2016, purchase volumes were on the rise: 61% and 63% respectively. The drop might be because of retail store closings like Kmart & Sears. Or the […]

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Blockchain Could Reduce International Transaction Costs, WTO Report Says

A report by the World Trade Organization (WTO),released Oct. 3, said the international trade regulating body sees strong potential in blockchain technology and cryptocurrencies.

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VIDEO: Are Young Adults More or Less Likely to Buy Prepaid Cards?

Young adults are more likely than average to buy prepaid cards but there’s a relatively serious decline underway in the number of 25-34 years olds buying prepaid cards. In 2016, 81% of 25-34 years olds had bought a prepaid card in the last year. Today, 66% of 25-34 year olds have bought a prepaid card […]

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