- by Daniel Granderson
- January 25 2019
- alternative banking
- banking
- credit cards
- debit cards
- economy
- money
- money and finance
Wealth Share Analysis: African American Consumers
When it comes to various multicultural consumers, financial parity is still a long way off.
- by Daniel Granderson
- January 11 2019
- banking
- economy
- finance
- money
- money and finance
Multicultural Consumers Struggle with Debt and Financial Confidence
African American and Hispanic consumers are more likely than average to view debt as a necessary evil
- by Daniel Granderson
- October 5 2018
- alternative banking
- banking
- credit cards
- finance
- money
- money and finance
- payment cards
The Prepaid Card Evolution
These days, general-purpose reloadable prepaid cards are better served by the phrase “prepaid account,” which helps underscore their evolution from payment cards to fully-fledged banking products.
- by Daniel Granderson
- February 12 2018
- banking
- consumer demographics
- consumer spending
- economy
- money
- money and finance
African-Americans Help Drive Growth in Financial Services, but Missed Opportunities Persist
Between 2006 and 2016 African-Americans were responsible for a significant portion of the growth in several key categories of financial services.
- by Daniel Granderson
- July 19 2017
- banking
- Millennials
- unbanked
- underbanked
Unbanked Millennials: A Matter of Perspective
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The theory that Millennials are abandoning banks may be overblown, depending on how their banking relationships with those banks are being defined.
- by Daniel Granderson
- June 1 2017
- banking
- credit cards
- debit cards
- economy
- money and finance
Digital Payments Juice Credit Card Usage While Helping to Avoid Risk
While consumer credit card loans outstanding are on the rise, growth remains relatively subdued, especially in comparison to automobile and student loan growth rates, suggesting that consumers continue to approach card debt conservatively.
- by Daniel Granderson
- October 19 2016
- alternative banking
- banking
- finance
- financial report
- financial services
- money
- money and finance
- unbanked
- underbanked
The truth of the consumer banking matter
Myths, half truths, falsehoods. Consumer banking in the modern era is fraught with as many unfortunate misconceptions as it is growth opportunities. In this blog, Packaged Facts sorts fact from fiction and sheds light on how important this segment of the financial services still is to Americans of all ages.
- by Daniel Granderson
- September 30 2016
- affinity credit cards
- banking
- co-branded credit cards
- credit cards
- debit cards
- Millennials
- money and finance
- private label credit cards
- unbanked
- underbanked
Prepaid cards make inroads with Millennials
Prepaid cards are an ideal vehicle to provide Millennials with a low-cost, mobile- and tech-forward payment instrument for everyday use—a strategy not lost on market participants seeking to broaden their user base.
- by dgranderson@marketresearch.com
- May 2 2014
- commercial payment cards
- money
- finance
- banking
- credit cards
- debit cards
For commercial payment cards, globalization is good business-but competition is increasing
Globalization is occurring at a rapid pace, requiring increased simplification and control over employer payments and expenses across multiple countries. Among payment providers (networks and card issuers alike), this has undoubtedly caused growing pains, as they struggle to craft solutions sophisticated and robust enough to meet global challenges of many stripes-regulatory and operational hurdles among them.
But in plain English, it also means payments expansion-following the arc of global gr...
- by dgranderson@marketresearch.com
- February 6 2014
- debit cards
- banking
- checking accounts
- money and finance
Young adults in the ’Debit Age’ are skewing towards alternative and direct banking
Let’s start with a statistic that, for traditional banks, looks quite troubling; according to survey analysis conducted for Packaged Facts’ January 2014 Debit Cards in the U.S., 5th Edition , the percentage of 18-24 year olds having a “checking account at a bank, savings and loan, credit union, or brokerage firm” has plummeted by almost 30% during 2010-2013.
What’s happening here?
Clearly, traditional banks are losing checking account customers. And it’s not just customers larger banks may h...
