PYMNTS AM Radar: walk in this direction; Loyalty to eat
Today is Monday (June 27), and pending home sales data released this morning is expected to show a 4% decline, the seventh consecutive month of decline. New home sales data Friday (June 24) showed a 10.7% rebound in May, with the median price of a home rising 15.0% to $449,000 from a year ago. New home construction fell to a 13-month low and consumer confidence fell this month to a record low.
The jet pack man is back, reportedly seen flying near Los Angles International Airport (LAX) on Thursday afternoon June 23. A pilot landing at the airport alerted the control tower to an apparent person piloting a jet pack. This is not the first time such a sighting has been reported to LAX.
The rumors are true – Emily Dickinson has released a video game. Emily Blaster is a poetry smackdown where players blast words in the correct order. Here’s what should be on your radar this morning.
Take this way. Banks and FinTechs are on the lookout to attract customers moving away from credit unions. And customers will walk away if they don’t feel they have access to the latest cutting-edge financial technology and payment methods. In this edition of “Credit Union Tracker®”, a collaboration between PYMNTS and PSCU, growing member demands for contactless payment options are examined, as well as why investing in these features will be crucial for short-term CUs. term. READ MORE
Personalization with APIs. Neeraj Gupta, VP of B2B Solutions at FIS, told PYMNTS in an interview that the broader application programming interface (API) ecosystem offers new ways to organize data to improve the client experience. These APIs are accessible to financial services companies of all sizes so that even the smallest bank or FinTech can create new services and products in a simplified way. READ MORE
Loyalty to eat. Most American restaurant brands don’t offer loyalty apps, but the rewards help drive customer decisions. In the June/July edition of Order To Eat Tracker®, PYMNTS explores the adoption of loyalty programs by table-service and quick-service (QSR) restaurants and how these programs can drive customer engagement and restaurant results. READ MORE
Paycheck-to-Paycheck Disruption. Rising inflation and economic uncertainty are causing people of all income brackets to feel the pressure to make ends meet. The New Reality Check: The Paycheck-To-Paycheck Report, a collaboration between PYMNTS and LendingClub, found that nearly 150 million adults are currently living paycheck to paycheck, making it the most common financial lifestyle in the United States. READ MORE
ICYMI. Goldman Sachs is trying to raise $2 billion to buy the assets of bankrupt crypto lender Celsius Network, one of several that suspended withdrawals, exchanges and transfers earlier in June. The company reportedly had $11.8 billion in assets in May, up from $25 billion in October. READ MORE