蘑菇AV

On today鈥檚 podcast episode, we discuss which hotel guest behaviors do people think are most acceptable and unacceptable, the first ad on every media type, how American households look today compared to the 1960s, and more. Tune in to the discussion with Senior Director of Podcasts and host Marcus Johnson, Senior Analyst Blake Droesch, and Vice Presidents of Content Suzy Davidkhanian and Paul Verna.

Affirm and Zip鈥檚 buy now, pay later (BNPL) options will be available at more merchant sites and Android apps across the US following a December pilot. Consumers can link their BNPL accounts to Google Pay or sign up with either provider within Google Pay鈥檚 checkout. How it can help: Not offering a customer鈥檚 preferred payment method at checkout can hurt conversion rates.

It will launch in the US this summer through a partnership with Affirm. Why it can work: More than half of cardholders are interested in accessing multiple accounts through a single credential, per a Visa study. Making the payments process more convenient and seamless, removes key friction points that come with switching between payments tools. Pay by Bank.

Other fintechs, like Affirm, are adopting similar strategies. PayPal will let go of about 2,000 employees, or roughly 7% of its global workforce, this month. This will help the company save about $600 million, on top of the $1.3 billion in savings it鈥檚 already achieved, Schulman said during the earnings call.

Cross-border sales are booming in Western Europe despite a slowdown in adoption. As China鈥檚 ecommerce giants eye European expansion, local retailers face a competitive threat鈥攁nd a substantial opportunity.

The bigger picture: Stripe鈥檚 slowing growth mirrors competitors like PayPal and Affirm, both of which have pivoted to trimming costs and focusing on more lucrative business areas. Stripe is similarly changing tack: Expanding its Amazon partnership should bolster processing volume, and diversifying could grow customer numbers and build new revenue streams.

It also built out payments products for shoppers, expanding its partnership with Affirm to offer BNPL in Canada and adding more cashierless checkouts to stores. And it rolled out palm-scanning payment tech at more Whole Foods stores. Amazon also announced a raft of payment promotions during Cyber Weekend to encourage spending on its platform. Amazon is expanding its payment offering on all fronts.

Advocate Health cancels liens, forgives medical debt of thousands: The health system鈥檚 abrupt decision to forgive patients鈥� debt is a play to save face after the results of an eye-opening investigation were published.

Leading cash-back credit cards need to drive acquisition in an increasingly competitive segment of the card market. Our exclusive consumer survey data reveals which emerging features issuers should invest in to win over customers.

Affirm users can even upload virtual cards into Apple Pay and Google Pay to pay in-store鈥攁 workaround for when Affirm is not accepted at checkout.

Acquirers, networks, and issuers each play distinct roles in the payments purchasing chain. But those roles are shifting as providers adapt to the rise of software and value-added services, increased payment method choice, and cloud-based innovation.

Higher borrowing costs posed a major issue for fintech lenders like Affirm and Upstart, which work with banks to fund customer loans. This put a major strain on their balance sheets and made them less attractive to investors. Overall shift in investor sentiment.

Samba TV鈥檚 data affirms insurers鈥� TV ads are more likely to reach older consumers than Gen Zers. By comparison, Gen Zers tend to spend about three hours per day on social media alone, while baby boomers typically spend one hour or less doing the same, per McKinsey. Interested in seeing more finserv advertising benchmarks?

Affirm said SVB was neither a funding partner nor an originating bank partner, and that large banks held the majority of its operating accounts. While it initially paused disbursements to merchants that had SVB accounts, it later resumed those transactions. Marqeta admitted that it did have some exposure to SVB鈥攊t used the bank as its primary account.

For example, Affirm and Splitit are on the hunt for tech assets. Struggling firms might also put themselves up for sale to larger corporations. Bank-to-Bank Electronic Transfer Payments. Bank account number payments and online banking bill payments made up 12.9% of US consumer payments in 2021, per the Fed.

BNPL providers like Affirm and Klarna, which are already popular with Gen Z, have also launched debit cards to capture more spending volume.

Dramatic shifts are in the works for 2024, as BaaS, social media players, genAI, and new digital wallets reshape the banking landscape. Our top trends explore what鈥檚 in store.

The 2024 holiday season is forecasted to top $1.353 trillion, according to 蘑菇AV. To thrive in this high-stakes period, businesses must embrace opportunities like AI-driven personalization, seamless payment options, and the longer gift-buying season.

It鈥檚 grown mainly through partnerships to offer insurance (with Co-op), payment products (with Affirm), and loans to small and medium-sized businesses (with capital provider Parafin). And customers can use Amazon Cash to add money to their account and make purchases without a debit or credit card.

And Amazon partnered with Affirm to bring buy now, pay later (BNPL) to US and Canadian customers. Related content: Check out what our Retail & Ecommerce analysts have to say about Buy with Prime鈥檚 expansion. This article originally appeared in Insider Intelligence's Payments Innovation Briefing鈥攁 daily recap of top stories reshaping the payments industry.

Affirm. This week, Amazon customers can get 0% APR on three equal monthly payments when spending $50 or more. Typically Affirm鈥檚 rates range between 10% to 30% APR on purchases for a term of six to 48 months. This 0% offer will likely draw consumers who are turning to alternative financing during this holiday season due to inflation.

After Affirm partnered with Amazon, for example, its fiscal Q2 2022 volume surged 115% YoY. And Amazon鈥檚 push into payments can open new opportunities for Stripe. Amazon may work with Stripe on innovations like its hand-scan payments tech Amazon One and Just Walk Out鈥攖he firm鈥檚 cashierless checkout tech. Supporting these business units can help Stripe scale and strengthen its global presence.

Its own data affirms the efficacy of this approach: Diverse panels consistently outperform their less diverse counterparts. It's clear that inclusivity isn鈥檛 just ethically right鈥攊t's commercially smart. Yes, but: Amid economic pressures, some companies have retracted their DEI commitments, leading to reduced diversity in ads and DEI job listings, potentially jeopardizing their brand images.

Big names like Affirm and Afterpay have started pushing their presence in the market. Among converts are credit card holders, 17% of whom would consider using BNPL instead of their card for a large purchase, per a 2022 J.D. Power survey. In response, more merchants may start accepting the payment method. The demographics: Younger consumers are driving the uptick in volume.