- 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
- May 16 2018
- credit cards
- finance
- money
- money and finance
- smartphones
Goldman Sachs Reaches for the Apple (Pay Credit Card)
Backed by the marketing muscle of Apple as the world’s largest company by market value, the reach of its ecosystem, and the loyalty of many of its customers, the card could make a splash at the deep end of the consumer payment pool, at top-of-digital-wallet and incent more iPhone users to migrate to Apple Pay.
- by Daniel Granderson
- January 15 2018
- commercial payment cards
- credit cards
- finance
- financial services
- money
- money and finance
- payment cards
ACH: Beat It or Join It?
In the U.S., electronic B2B payment value remains dominated by ACH: Packaged Facts in the report "Commercial Payment Cards: U.S. and Global Market Trends, 10th Edition" estimates that commercial cards comprised 3.7% of electronic B2B payment value in 2016.
- 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 dgranderson@marketresearch.com
- August 10 2016
- money
- finance
- credit cards
- mobile payments
- digital wallets
What’s in your (digital) wallet?
This blog is based on the report Mobile Payments in the U.S. View the abstract and table of contents here.
Aug. 10 - Take a peek at your wallet or purse and what do you see? A little cash? A driver’s license? Employee ID and insurance cards? Some lint? And, of course, a nice mix of payment cards?
For a card issuer, it all comes down to where their card stands in your wallet: is it your primary card, the one that sits at the top of your wallet-the one you grab the most when paying? For many i...
- by dgranderson@marketresearch.com
- June 27 2016
- unbanked
- underbanked
- Millennials
- money
- finance
Millennials: Unbanked but bankable?
Packaged Facts is your trusted source for market research on the financial services industry. We cover topics ranging from financial services for small businesses to debit & credit cards to mobile payments. See our full catalog of related reports here.
June 27 - Survey analysis performed for Packaged Facts’ Underbanked and Unbanked Consumers report suggests a clear general trend away from having checking and savings accounts at traditional banking institutions even while consumers eschewing th...
- 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
- January 23 2014
- Gen Y
- Millennials
- money
- finance
- banking
- alternative banking
- underbanked
- unbanked
Millennial adults increasingly seek alternatives to traditional banking
While consumers historically underserved by mainstream financial services industry are often referred to as unbanked or underbanked, young adults are quickly joining their ranks. In Unbanked and Underbanked Consumers in the U.S., 3rd Edition , Packaged Facts found that the percentage of 18-24s who self-identify as unbanked has grown by almost 25% during 2005-2013. This jump has likely been influenced by recession-driven unemployment and wage trends that have disproportionately affected younger e...
- by admin1
- August 15 2013
- credit cards
- store cards
- money
- finance
- retail
- private label credit cards
- consumer spending
Carrots for store credit card holders
Once home to consumers with higher risk profiles and higher chargeoff rates, store credit card volume and active accounts took a nosedive during the recession, as issuer portfolios groaned under the strain of bad debt and reduced customer engagement. But signs point to a private label turnaround. Deal-making activity suggests that private label card programs have become a more viable and stable income source for issuers; the payment card segment has been buoyed by a spate of deals that has invig...
