Key Takeaways from TSYS’ U.S. Consumer Payments Study

 In Mobile Payment, Partners

One of our partners, TSYS recently released its annual U.S. Consumer Payments Study and its filled with interesting data on consumer trends. Let’s dig in.

In a recent interview with Karen Webster of PYMTNS.com, Sarah Hartman, Sr. Director of Consumer Issuing at TSYS, that the biggest surprise from their 2016 report is just how consistent many trends remain.

According to the recent PYMNTS.com article and interview, the five biggest takeaways were: (1) Cash is still a strong currency; (2) Security is more important than ever; (3) mobile payment usage is still on the rise; (4) not all rewards are being redeemed similarly; and (5) simplicity is still king.

Read the full report here: http://tsys.com/Assets/TSYS/downloads/rs_2016-us-consumer-payment-study.pdf. It’s a great read and filled with awesome stats and takeaways.

 

Sources: PYMNTS.com and TSYS.com.

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