Stimulus payments may lead to economic revival

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 and identify the core channels and technologies that providers looking to help restaurants digitize can use. Finally, we highlight key priorities and best practices that players can focus on in order to win a piece of the pie..

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March 27, 2021 Stimulus payments may lead to a post-pandemic boom in spending and economic revival. Most of the initial stimulus payments were sent out via direct deposit, and more payments are set to go out this week via prepaid debit cards and paper checks. Spending trends show that consumers are using their stimulus payments mostly to save money or pay down debt. Both tactics might help support a post-pandemic boom in economic growth and consumer spending. Consumers who saved their stimulus payments will come out of the pandemic with substantial cash reservoirs. And those who paid down debt are in a better position to spend more liberally than they might've been before. Insider Intelligence's Adriana Nunez has the full story. BRIEFING HIGHLIGHTS Fed signals an end to the regulator-bank honeymoon The Federal Reserve will not maintain a change it made in April 2020 that eased banks' leverage requirements. Read More → Amex, Chase, Goldman Sachs introduce travel card perks Amex and Chase are introducing travel offerings to encourage credit card spending while Goldman Sachs is looking to join the travel card space. Read More → SPAC boom or bubble? Another fintech SPAC launches amid lurking question FT Partners founder and CEO Steve McLaughlin formed a $500M fintech SPAC with Gene Yoon, the founder of private equity firm Bregal Sagemount. Read More → European insurtechs sit on IPO powder keg as wefox scores $250M Wefox is closing a $250 million raise, has reached profitability, and will likely go public alongside fellow insurtech Zego within the next year. Read More → US Justice Department eyes Visa's debit card practices Visa is under investigation by the Department of Justice regarding its US debit card practices, per its latest regulatory filing. Read More → Revolut pushes further into the US with banking charter application Regulatory approval could supercharge Revolut's US growth, but stiff competition and high procedural costs could pose obstacles to its plan. Read More → AI-powered regtech Jumio raised $150 million in major funding round Jumio secured $150 million following a record year for regtech funding, which will further accelerate as FIs face new compliance challenges. Read More → Credit card limits tumbled last year but could soon be on the mend Issuers trimmed limits for borrowers with lower credit scores but may soon raise them again as economic conditions improve. Read More → Three key features to help customer service go mobile We outline three of the most in-demand features that could help banks convince users of the value of mobile customer service offerings. Read More → HSBC's mobile-first business service squares off against neobanks HSBC debuted its HSBC Kinetic service, which is designed to offer small businesses access to a fast and simple mobile banking experience. Read More → 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 and identify the core channels and technologies that providers looking to help restaurants digitize can use. Finally, we highlight key priorities and best practices that players can focus on in order to win a piece of the pie. Get the full report → US Banking Channel Forecast Insider Intelligence forecasts the development of five key banking channels in the US between 2020 and 2024: branches, digital platforms, smartphones, call centers, and ATMs. The report identifies the drivers behind the trajectory of each channel's penetration, including changes in consumer behavior or advancements in technology. Get the full report → Global Small Business Neobanks Report Insider Intelligence explores the key factors driving an explosion of neobank activity in the SMB segment and the strategies these upstarts are leveraging to capture shares of this lucrative banking vertical. Get the full report → BECOME A SUBSCRIBER Did you know the Daily is just a preview of everything Insider Intelligence has to offer? 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: A cornerstone industry report Daily Morning newsletters Opportunities to join the conversation Get Started Today → FOLLOW US Email sent to: nguyenvu1187.love5@blogger.com Manage your email preferences  |  Unsubscribe  |  Terms of Use  |  Privacy Policy © 2021 Insider Intelligence. 11 Times Square, 14th FL, New York, NY 10036