What to read today: Mobile Order-Ahead and Delivery: Insider Intelligence scopes the digital ordering opportunity and explains why it is ripe for payments providers if they work to seize the current momentum in the space. We size the market for digital restaurant ordering, identify the core channels and technologies that providers looking to help restaurants digitize can use, and hone in on pain points..
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 | February 27, 2021 | |  | | January retail sales bounced back strongly, mostly thanks to stimulus checks. | Consumer stimulus spending helped spur a 10.8% year-over-year increase in retail sales for January, and further stimulus aid could boost retail recovery even further.
An estimated 88% of consumers who received a coronavirus stimulus payment spent it immediately—likely reflecting the pent-up demand for funds during the pandemic.
And payments providers would also benefit from increased stimulus check funds and overall retail spending. Spending recovery for issuers like Bank of America, Citi, and JPMorgan Chase has slowed—highlighting the need for a cash injection to stimulate card spending.
Insider Intelligence's Adriana Nunez has the full story. | | |  | BRIEFING HIGHLIGHTS | | | | | | | | | | | | | | | | | | | | | |  | RESEARCH IN FOCUS | |  | | Mobile Order-Ahead and Delivery | | Insider Intelligence scopes the digital ordering opportunity and explains why it is ripe for payments providers if they work to seize the current momentum in the space. We size the market for digital restaurant ordering, identify the core channels and technologies that providers looking to help restaurants digitize can use, and hone in on pain points. | | Get the full report → | | |  | | Innovation Strategies at Small and Midsize FIs | | Insider Intelligence provides some best practices for smaller FIs looking to digitally innovate, based on exclusive interviews and our own analysis. We give an overview of the small and midsize US banking market, and the unique challenges this tier faces when it comes to digitization. | | Get the full report → | | |  | | The Subscription Payments Ecosystem | | Insider Intelligence examines the size of the current subscription payments opportunity and discusses what's driving its growth. We then evaluate the top types of subscription payments solutions providers, as well as their strengths and weaknesses, before analyzing the subscription payments process and what makes it unique from a standard one-time payment. | | Get the full report → | | |  | BECOME A SUBSCRIBER | | | Our Briefing subscriptions deliver analysis on the biggest trends and decisions shaping the future of a specific industry. Stay on top and subscribe today to receive:
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