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As card-linked BNPL offerings gain popularity, use in-store may become more common. BNPL shoppers are often lower income. People with incomes under $75,000 will make up more than half (54.8%) of US BNPL users in 2025, per our forecast, as they try to stretch spending power further.

In December 2022, we granted or removed credit according to information that came to our attention after publication. Per our corrections policy, we did not change published scores or rankings. Chase. We gave credit for five features:. File transaction dispute (Security and Control). Use app as authenticator (Security and Control). Activate card (Account Management).

Financial services includes commercial, investment, and retail banks, cooperative banks, and credit unions; property and casualty, life, and mutual insurance; credit agencies, personal and business credit institutions, mortgage lending, tax preparation, hedge funds, private equity and venture capital firms, wealth management, payment platforms, card networks, and companies engaged in the underwriting, purchase

More retailers are also turning to gift cards as a way to encourage spending, said Stacey Widlitz, president of SW Retail Advisors. For example, Anthropologie is offering $50 in credit to shoppers who spend $200 or more online鈥攂ut the money can only be used on purchases made before the end of the month (and quarter). Looking ahead: Despite the difficulties ahead, there are some silver linings.

Financial services includes commercial, investment, and retail banks, cooperative banks, and credit unions; property and casualty, life, and mutual insurance; credit agencies, personal and business credit institutions, mortgage lending, tax preparation, hedge funds, private equity and venture capital firms, wealth management, payment platforms, card networks, and companies engaged in the underwriting, purchase

The US is now Klarna鈥檚 largest revenue market thanks in part to its app solutions, the Klarna Card, and merchant-facing marketing tools.

Financial services: Includes commercial, investment, and retail banks, cooperative banks, credit unions, property and casualty, life and mutual insurance, credit agencies, personal and business credit institutions, mortgage lending, tax preparation, hedge funds, private equity, venture capital firms, wealth management, payment platforms, card networks, companies engaged in the underwriting, purchase, sale

One tool PayPal is using is the Venmo Debit Card. In Q3, monthly active debit card accounts grew 30% YoY. But that鈥檚 just 5% of active Venmo accounts, showing room for growth. We forecast US Venmo users will total 76.4 million in 2025. PayPal is also monetizing the P2P app with Pay with Venmo. The average revenue per Pay with Venmo account is roughly three times that of all Venmo accounts.

By introducing conquesting, Walmart is joining the ranks of eight other retailers, according to The Mars Agency鈥檚 March 2024 Retail Media Report Card. But for all its progress, Walmart鈥檚 search ad offerings still have room for improvement. It doesn鈥檛 offer negative keywords, which many advertisers consider table stakes for search campaigns.

Financial services: Includes commercial, investment, and retail banks, cooperative banks, credit unions, property and casualty, life and mutual insurance, credit agencies, personal and business credit institutions, mortgage lending, tax preparation, hedge funds, private equity, venture capital firms, wealth management, payment platforms, card networks, companies engaged in the underwriting, purchase, sale

The promise of all of this tech鈥攆rom AI to open banking and embedded finance鈥攊s speed: faster payments, faster credit underwriting, faster account opening, faster identity verification. And for nonfinancial institutions, it turns transactions into relationships, per Marqeta鈥檚 Kedia. Checking out at any store can now be a touchpoint for Apple if you use the Apple Card or tap to pay.

On today鈥檚 podcast episode, we explore the problematic relationship between credit unions and Gen Z. 鈥� In our 鈥淗eadlines鈥� segment, we discuss an article from PYMNTS.com that revealed only 4% of Gen Z consumers bank with credit unions. 鈥� In 鈥淪tory by Numbers,鈥� we consider what credit unions can do to capture Gen Zers鈥� attention while working with tight marketing budgets, and which programs have helped Gen Z consumers manage their finances. 鈥� In 鈥淎ctual CEO,鈥� we discuss with our guest CEO what she is currently doing to engage with Gen Zers at her credit union. Listen to the podcast with host Rob Rubin and Tansley Stearns, CEO of Community Financial Credit Union.鈥� In our 鈥淗eadlines鈥� segment, we dig deep on a recently published Insider Intelligence report covering our forecasts for ad spending by US banks and credit unions. 鈥� In 鈥淪tory by Numbers,鈥� we discuss how fewer mortgages are affecting banks' net interest income and what that means for their marketing budgets. We also examine Ally Bank鈥檚 increased ad spending. 鈥� In 鈥淔or Argument鈥檚 Sake,鈥� we talk about how large banks are doubling down on digital ad spending while smaller institutions are cutting their spending, which could lead to the eventual demise of smaller traditional banks. Tune in to the discussion with host Rob Rubin and our director of forecasting Oscar Orozco.

Gen Z consumers also plan to buy 70% more gift cards than older generations this holiday season, per Blackhawk Network. The holiday strategy: Gen Zers may be looking for reasons to spend, but they appreciate a good deal. Use small perks like buy one, get one free gift cards or sample freebies to encourage them to treat themselves and their loved ones. 3.

That鈥檚 more deposits than 92% of all US banks and credit unions. Analysts at Crone Consulting suggest that banks and fintechs must be willing to collaborate with Apple by making Apple鈥檚 financial capabilities compatible with their own. Though FIs will face transaction costs associated with the capabilities, they should view them as an investment.

BNPL fintechs face increasing competition from cards and payment networks launching their own card-linked installments. We expect these products will benefit from existing customer relationships and cut into fintech鈥檚 market share. To mitigate attrition to competition, Affirm can lean on Amazon for volume growth.

Research from The Harris Poll commissioned by Credit Karma found that:. In the US, 53% of consumers use cash more now than a year ago. Some of that is driven by budgeting demands: 16% said they have more control when they use cash. In the UK, 46% of adults use cash more now than a year ago, and 12% credited physical money with cutting spending.