40% of U.S. adults purchased a gift card in the past year
May 6, 2019Backed 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.
May 16, 2018Prepaid 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.
September 30, 2016Retailers and their private label credit card partners continue to refine their retailer-specific mobile apps, which provide a very important customer loyalty and engagement nexus that increasingly includes payment and loan options.
August 1, 2019Currently, as reported in our report Private Label Credit Cards, 55% of adults have private-label (store-only) credit cards, with 44% (or 80% of overall consumer credit cardholders) having used them in the last 30 days.
July 21, 2021This 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...
October 13, 2015Industry watchers have debated the viability of the Costco Visa credit card program since Citi announced acquiring it, but the move could prove profitable sooner rather than later.
December 4, 2017These 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.
October 5, 2018With stores closed and businesses locked down, Canadians turned to online channels and e-commerce for their purchases – and their favorite method of payment for these digital transactions was the credit card, which helped support both transaction volume and value.
May 2, 2022In contrast to debit card or credit card use, overall rates for buying gift cards has notched downward in recent years, while rates for using prepaid cards other than gift have remained fairly stable.
April 20, 2020