How Consumers Rate The State Of US Disbursements
February 27, 2019
There might be one word that consumers would use to describe the state of disbursements in early 2019: mediocre.
Millennial consumers probably wouldn’t be so generous.
The proof point is the latest Disbursements Satisfaction Index score, which puts disbursements at 56.5 on a scale of 100. It’s not exactly horrible, but not a ringing endorsement of the efficiency of the process.
That’s perhaps not surprising, Karen Webster remarked in a recent conversation with Ingo Money CEO Drew Edwards, when considering that 48 percent of disbursements to consumers still happen by paper check, with an average disbursement amount of $1,084.
- // TAGGED
With the new year comes new expectations for FinTech firms.
Recent PYMNTS data finds that fraud losses run about 2% of revenues — $51 million annually for the average FinTech.
The Power of Open-Loop P2P Payments
The FinTech Fraud Ripple Effect details the frictions customers experience when using FinTechs for their money mobility needs.
With more workers living paycheck to paycheck, having fast access to their hard-earned cash is crucial.