Nearly One In Ten Have Accidentally Made A Payment To The Wrong Person
- 1 year 6 months ago
- Personal Finance
Current payment methods are still subject to human error and worries according to new research from Moneyhub, the market-leading data and payments platform. Moneyhub’s research revealed that close to one in 10 (9%) have accidentally transferred money to the wrong recipient. A further 8% said they have received money from someone they didn’t expect, or didn’t know, while 14% have been paid incorrectly by their employer in the past.
Spendesk Launches First Fully-Integrated Procurement And Spend Management Tool For European SMBs
- 1 year 6 months ago
- Personal Finance
Spendesk, the complete spend management platform, today announces the launch of its Procure-to-Pay solution, positioning Spendesk as the first European platform to fully integrate procurement and spend management
Half of European and US Consumers Now Want Greener Services from Banks, and Many will Switch Provider to Get Them
- 1 year 6 months ago
- Personal Finance
Consumers are increasingly looking to banks, insurers and other financial providers to help them make more ethical and environmentally conscious decisions around their finances, new research finds. Commissioned by CRIF, Europe’s leading provider of consumer and credit information, and published ahead of November’s COP29 meeting of world leaders, the research finds European and US consumers are making increasingly climate conscious decisions in... more
Consumers’ Capacity to Save Fell by 25.5% Over the Last Year as Recent Inflationary Pressures Continue to Take Their Toll
- 1 year 6 months ago
- Personal Finance
The latest proprietary insight from Moneyhub, the market-leading data and payments platform’s Financial Wellness Tracker, reveals that consumer capacity to save without making any changes to their overall spending behaviour fell 25.5% over the 12 months to end September 2024. Simultaneously, total cash held in savings dropped by 11.6% as the recent turbulent financial times continued to play out and inflation persistently remains above the... more
TSB Partners With Doshi App To Deliver Money Confidence In Schools
- 1 year 6 months ago
- Personal Finance
TSB has partnered with Doshi to bring money confidence to schools – as the organisations team up to encourage 1,000 students aged between 13-18 to sign up to the financial education service. Over the next six months, TSB will be visiting schools to encourage students to use the Doshi app and complete short learning modules to boost their money confidence and financial literacy ahead of adulthood.
Young People Face Growing Financial Anxiety Amid Rising Costs and Social Media Pressure
- 1 year 6 months ago
- Personal Finance
New research from Virgin Money reveals the importance of early financial education and positive money management habits.
Financial Literacy Gap: Half of UK Adults Claim Good Understanding of Jargon, But 71% Don’t Know How a Savings Account Works
- 1 year 6 months ago
- Personal Finance
New research from Pay.UK, owner and operator of the Current Account Switch Service, reveals a gap between how much people say they understand about money and the reality. The research reveals 78% of UK adults consider themselves financially literate yet 71% of respondents don’t know how a savings account works.
Over Half of Consumers Find Billing Statement Descriptions Confusing—And It’s Costing UK Merchants Millions in Chargebacks
- 1 year 6 months ago
- Personal Finance
Research from Chargebacks911, the global chargeback technology leader, shows that unrecognised transactions are the leading reason for customers to dispute a transaction, causing a significant headache for merchants, draining resources and impacting their bottom line.
Only 20% of Americans Leverage High-Yield Savings Accounts to Save Money, According to New Plinqit Report
- 1 year 6 months ago
- Personal Finance
Plinqit, an award-winning provider of high-yield and automated savings software solutions that enable financial institutions to grow deposits, attract new customers and expand their retail footprint, found that a checking account is the most common way Americans save, as 48% say they use this type of account to save money.
Africa to See Triple-Digits Growth in Consumer Spending Over the Next Decade, EBANX Shows
- 1 year 6 months ago
- Personal Finance
Rising African countries are among the fastest-growing regions in consumer spending, according to data from the World Data Lab analyzed by EBANX, a global technology company specializing in payment services for rising markets. The giant Egypt will accelerate growth by 167%, while the smaller economies, like Ethiopia, will grow by an impressive 429% in the next decade. Kenya (115%), Morocco (107%), Ghana (106%), and South Africa (42%) are also... more
Fizz Unveils the Next Evolution of Personal Finance for Students
- 1 year 6 months ago
- Personal Finance
Fizz today announced the launch of the next evolution of its Money App, specifically designed to empower students in managing their finances and building a strong financial foundation. With the Fizz app, students can check their credit scores, gain personalized spending insights, and take engaging, swipeable financial courses—all for free.
Flexys and Inbest Partner to Help Customers Maximise Their Income
- 1 year 6 months ago
- Personal Finance
Flexys, a leading provider of debt management software, has announced a new partnership with income maximisation experts Inbest. The partnership allows users of Flexys’ software to identify and calculate the welfare benefits, social tariffs and grants that customers are entitled to but may not be claiming. This enables lenders to offer tailored support for customers in financial difficulty.
Six in 10 UK Adults Unaware of Open Banking
- 1 year 6 months ago
- Personal Finance
Despite Open Banking being revolutionary in the way people interact with and manage their finances, six in 10 (60%) UK adults are unaware of Open Banking and its benefits, according to new research from Bluestone Mortgages.1 This comes at a time when more than a fifth (22%) of consumers say they use three or more individual bank accounts.
Tampa Bay’s Rachaad White Teams Up With Pathward and Big Brothers Big Sisters of Tampa Bay to Kick Off Financial Literacy Program for Youth
- 1 year 6 months ago
- Personal Finance
Financial education at an early age can help young people lower debt, increase savings, and increase credit scores as they mature into adulthood, according to the FDIC.
Pension Funds Average Almost 8% Annual Growth, Surpassing Saver Expectations
- 1 year 6 months ago
- Personal Finance
Pension funds are delivering better returns than British savers expect, with average annual growth over five years nearing 8% for those 30 years from retirement.
