5 Things to Know About the Private Label Credit Card Industry

These days, retailers are pushing much more than just merchandise. It’s common for sales associates to invite customers to sign up for a private label credit card, also known as a store card, in exchange for a discount on an initial purchase.

Topics: Financial Services Packaged Facts Industry Insights

Wealth & Demographic Trends: 3 Key Facts About the Affluent

Years after the Great Recession, household growth in the U.S. is on the rise – and skewing heavily toward higher income families.  According to Affluent and High Net-Worth Americans, a recent white paper from Packaged Facts, post-recession household growth is most pronounced among affluent households, which grew by 90% from 2010 to 2019.

Topics: Demographics Financial Services Packaged Facts Industry Insights

Who Will Be the New Players in the Autonomous Vehicle Market?

Note: The following is an excerpt from the white paper "The Emerging Autonomous Vehicle Ecosystem: Who Will Be the Stakeholders, and How Can They Win?" by BIS Research, a global market intelligence, research, and advisory company that focuses on emerging technology trends that are likely to disrupt the market.

Topics: Software & Enterprise Computing Manufacturing & Construction Transportation & Shipping Financial Services Industry Insights

Walmart’s Competitive Advantage: 3 Key Success Factors

Walmart is famous for its ability to deliver “products that are so darn cheap you can’t believe it.” But there’s more to Walmart’s business strategy than low prices.

In a four-part series, the market research firm Packaged Facts examines critical aspects of Walmart’s business model and the factors that motivate consumers to shop there. This article shares key findings from these reports to help explain how Walmart has built and maintained such a strong competitive advantage in multiple industry categories.

Topics: Food & Beverage Financial Services Pets Packaged Facts

Infographic: The Gift Card and Prepaid Card Market

Gift cards are a popular go-to option for shoppers of all ages. Not surprisingly, Christmas and birthdays are top occasions for purchasing gift cards. The most widely purchased gift cards are for coffee shops and restaurants, according to Packaged Facts, a leading consumer research firm.

Gift cards are a massive, multi-billion dollar industry in the U.S., but not all prepaid cards are purchased as gifts and stocking stuffers. A variety of prepaid cards are also used for government-administered benefits, employee rewards and incentives, and tax refunds. In addition, millions of consumers use prepaid cards as an alternative to traditional bank accounts.

Topics: Financial Services Packaged Facts Industry Insights

4 Trends to Watch in the Credit Card Industry

Within the credit card sector, innovative technologies are changing the way people make purchases.

Mobile and alternative payments are experiencing significant growth, with a range of payment providers in the mix including PayPal, MasterPass by MasterCard, Apple Pay, Amazon Payments, and Google Wallet.

In addition, co-branded credit cards continue to lure affluent households and millennial shoppers — which are prime demographics in the payments industry.

Topics: Telecommunications & Wireless Business Services & Administration Financial Services Packaged Facts Industry Insights

During Financial Turmoil, Keep Calm and Get the Research

With the markets in flux, anxiety about the global economy is kicking into high gear. The Chinese stock market plunged on Monday, setting off a roller-coaster ride of volatility throughout the week. Investor confidence fell, and Wall Street dropped for six straight days — the longest losing stretch for more than three years.

Since June 12, the Shanghai composite index has slumped 38 percent, and investors are becoming increasingly concerned about China’s economic slowdown and the larger ripple effects that could extend into the global economy.

How should you react in such a turbulent environment? Here are guiding principles to keep in mind.

Topics: Market Research Strategy Financial Services

Calibrating the Impact of Store Brand Credit Cards on Consumer Shopping

A seismic shift is occurring in the private label credit card industry, brought about by a mixture of mobile app technology, customer relationship management advances, geolocational marketing initiatives, and closed loop virtual card payments. In this respect, the physical card that for long embodied the face of this industry is beginning to fade, subsumed by omni-channel loyalty platforms that provide not only a seamless customer purchasing and rewards experience across channels, but also the opportunity to tailor marketing messages to those customers with a degree of specificity never before possible.

Topics: Financial Services

Natural Phenomena That Move the Markets

The effects of natural phenomena on global financial markets can be complex and often difficult to assess. Who are the winners and losers, and what are some of the common factors that contribute to the economic impact? To help understand this, let's take a look at a variety of natural phenomena from the last few years and their impact on affected markets.

Topics: Market Research Strategy Financial Services

Bali: The FinTech Island, Part 2

Is Bali really the best-kept secret of the global FinTech community?

Bali is known for its pristine beauty and its outstanding hospitality. In Part-1 of this two-part series, we showed that behind the scenes there is a vibrant and colorful international FinTech and Startup community evolving on the island. We also explored why Bali is so attractive for FinTech activities and listed "The 10 Magnetic Powers of Bali." Now, let's take a look at the leaders in Bali's FinTech community.

Topics: Travel & Leisure Business Services & Administration Financial Services