- 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
- November 28 2016
- economy
- Hispanic consumers
- Hispanics
- Latino consumers
- Latinos
- money
- money and finance
- retail
Latinos hold the key to growth
Marketers and retailers have long recognized the exceptional role Hispanic consumers play in their growth strategies. Sheer numbers are one reason. Yet, Hispanics embody far more than just an extraordinarily fast-growing population segment of the American population. They now represent a market with outsize spending power that will only continue to grow in the future.
- 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
- November 2 2015
- credit cards
- money and finance
- co-branded credit cards
- affinity credit cards
What’s next for co-branded and affinity credit cards?
For more insights from Co-branded and Affinity Credit Cards in the U.S. visit the report product page here.
With credit cards offering ever richer rewards tier architectures (is 3-2-1 already passé?), many wonder whether the card industry is trading rewards for lower profit margins. So far, we think this concern is overblown: rewards costs are indeed rising; but as they move toward lower-cost digital channels, card member acquisition and communication expenses are falling.
But acquisition m...
- by dgranderson@marketresearch.com
- October 30 2015
- payment cards
- money and finance
- China
- commercial payment cards
What We’re Reading: China UnionPay becomes payment-card market leader
China Daily USA published this article based on insights featured in Packaged Facts’ brand-new report, Commercial Payment Cards: U.S. and Global Market Trends, 9th Edition.
China UnionPay’s (CUP) ambitious approach to building partnerships has helped it become the largest payment-card network in the world, according to the author of a recent market report.
“CUP has aggressively forged partnerships with bank card issuers and processors across the globe, and buoyed by network reciprocity agree...
- by dgranderson@marketresearch.com
- October 13 2015
- money and finance
- private label credit cards
- retail
- credit cards
- money
The card fades into the background
This blog is based on the Packaged Facts report Private Label Credit Cards in the U.S., 9th Edition. Purchase a copy by Dec. 1 and receive 5% off with promo code PFPLCC1015.
The movement to virtual private label cards housed within retailer mobile apps foretells the eventual demise of the physical card:
Already, more than 30% of private label card issuer and program manager Alliance Data Systems’ private label card purchase value is made via card-not-present transactions. More broadly, retai...
- 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...
