Tag: consumers
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Cash-strapped consumers turn to BNPL: Fed survey
Cash-strapped consumers turn to Buy Now Pay Later (BNPL) services, according to recent Federal Reserve survey In a recent survey conducted by the Federal Reserve, it was found that cash-strapped consumers are increasingly turning to Buy Now Pay Later (BNPL) services to finance their purchases. This trend highlights the growing popularity of BNPL services as…
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BNPL popularity rises among ‘financially fragile’ consumers
BNPL Popularity Rises Among ‘Financially Fragile’ Consumers Buy Now, Pay Later (BNPL), an increasingly popular alternative payment option, has witnessed a rise in adoption among financially fragile consumers. With its ability to provide short-term financial flexibility, BNPL services have emerged as a convenient solution for individuals living paycheck to paycheck or lacking a stable income.…
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New Chargebacks911 study shows common chargeback misconceptions among consumers
New Chargebacks911 Study Shows Common Chargeback Misconceptions Among Consumers Chargebacks are a common occurrence in the world of commerce, particularly in e-commerce. These disputes, initiated by consumers seeking refunds, can significantly impact businesses. However, a recent study conducted by Chargebacks911, a leading chargeback prevention and mitigation company, reveals that there are several misconceptions among consumers…
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Scan to Pay launches new voucher solution for consumers
Scan to Pay, a leading payment solution provider, has just unveiled an exciting new feature that aims to revolutionize the way consumers use vouchers. With this innovative solution, shoppers can now simply scan their purchase’s voucher code using their smartphones to enjoy instant discounts and rewards, providing greater convenience and efficiency for both consumers and…
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Visa warns consumers about holiday fraud
The holiday season is just around the corner, and while it brings joy and excitement, it also brings the risk of fraudulent activities targeting unsuspecting consumers. Visa, one of the world’s leading payment processors, is warning individuals to stay vigilant during this time to protect themselves against holiday fraud. During the holiday season, cybercriminals ramp…
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Cross-border payment headaches burden consumers: Mastercard report
The complexity of cross-border payments remains a persistent issue for consumers, as highlighted in the latest report released by Mastercard, one of the leading payment technology companies in the world. The Mastercard report sheds light on the challenges faced by individuals when making international transactions. With the increasing globalization and the rapid growth of e-commerce,…
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Consumers expect to use fewer digital wallets: report
According to the latest report by XYZ Research, consumer expectations regarding the use of digital wallets are shifting, with many anticipating a decrease in their usage. This finding has significant implications for both businesses and the financial technology industry. Increasingly popular over the past few years, digital wallets provide consumers with a convenient and secure…
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CFPB: Consumers paid record credit card fees in 2022
The Consumer Financial Protection Bureau (CFPB) recently released a report highlighting that consumers faced a surge in credit card fees throughout the year 2022. The fees amounted to a record-breaking figure, leaving consumers concerned about their financial stability and the state of their credit card accounts. According to the CFPB’s report, credit card fees charged…
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Do low-income consumers need more digital payments protection?
As digital payment methods continue to gain popularity, it is vital to consider the potential impact on low-income consumers. While digital payments offer convenience and efficiency, some argue that additional protection measures should be implemented to safeguard the financial interests of low-income individuals. Let’s delve into the intricacies surrounding this issue. Understanding the Digital Divide…
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Millennial and Gen Z consumers prefer brands over banks, survey says
In a recent survey conducted among Millennial and Gen Z consumers, it has become apparent that the younger generations now prefer brands over traditional banks. This shift in preference has significant implications not only for the banking industry but also for branding strategies within businesses. The survey, which garnered…
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One-fifth of consumers consider BNPL to stretch holiday budgets: survey
In a recent survey conducted by a leading financial services firm, it was found that one-fifth of consumers consider using Buy Now Pay Later (BNPL) services to stretch their holiday budgets. The survey, which aimed to understand consumer spending habits during the holiday season, sheds light on the growing popularity of BNPL as a tool…
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BitPay rolls out PayPal USD payments for merchants and consumers
Image source: bitpay.com BitPay, a leading provider of blockchain payment services, has announced the introduction of PayPal USD payments for both merchants and consumers. This new feature will enable BitPay users to easily transact using PayPal’s widely accepted platform, offering greater convenience and expanding payment options. The integration of PayPal USD payments is a significant…