Student loan scams rise, Fast payouts lure for 1099 workers, Emergency expenses 3.5x what Fed estimates say | | Local Payments Boost D2C Beauty Brand Oriflameâs Global Social Seller Success At a time when more consumers are sitting in one continent but shopping in another, PayU CEO Mario Shiliashki and Oriflame Cosmetics Senior Director Marcus Fogel tell PYMNTSâ Karen Webster how eliminating local currency barriers, along with a strong business model and solid payments partner, are proving to be a powerful combination for new commerce. |
Tamara CEO Says Data Refutes BNPL’s ‘Debt Trap’ Myth Abdulmajeed Alsukhan, co-founder and CEO at Saudi-based BNPL firm Tamara, tells PYMNTS that analyzing data, rather than talking points and PR, shows that BNPL helps consumers avoid predatory debt traps rather than worsening their financial predicament. |
Resistance to Change Keeps Stadium Payments Stuck in the Past GoTab CEO and Founder Tim McLaughlin tells PYMNTS that the biggest barrier to getting sporting venues and other multi-operator locations to upgrade and automate their payments systems is in their minds, rather than their wallets, as fear of change and the unknown keeps many industry players stuck with the status quo. |
Data Brief: Consumer Behavior |
83% of Consumers Bought Groceries in July, Down From 87% in June The findings come in the new “Digital Economy Payments: Consumers Buy Into Food Bargains” report, which shows grocery buying fell to a 6-month low in part because restaurants have been unable to raise prices as much as supermarkets, making their menus a relative bargain. |
| New Reality Check: The Paycheck-To-Paycheck Report | US Consumers Face Emergency Expenses 3.5x Larger Than Fed Estimates PYMNTS survey of 4,006 U.S. consumers for the latest âNew Reality Check: The Paycheck-To-Paycheck Report,â found that 46% of respondents faced an emergency expense in the last 90 days that averaged approximately $1,400, a sum that far exceeds the Fedâs oft-cited $400 benchmark for these unplanned and disruptive costs. | |
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