SPENDING DATA stats for Digital World

SOME SPENDING DATA FROM BANK  OF AMERICA'S 50 MILLION CREDITCARD HOLDERS:

March 8, 2018         By: Steven Anderson

If March seems late in the year for a “look back at last year” article, you’re not alone. When Bank of America sent out a copy of its 2017 Consumer Spending Snapshot report detailing consumer spending from the over 50 million credit and debit cards in its purview, the lateness could be forgiven. It takes time to compile that kind of data, and the revelations are well worth the wait.

Clothing retailers will want to ramp up, in the future, in the winter and spring months. Shoppers spend heavily during the winter holiday season, and during late spring as well. The average retail spend in November is $503, which jumps to $576 in December. The next highest spend is in May, at $469.

Most shopping is still done in brick-and-mortar outlets, as 73 percent of spending took place at the point of sale, while 21 percent was done online. Six percent came from “other” sources like mail and telephone order as well as subscriptions. Online, however, increased two percent from 2016, while physical dropped three percent. 

Travel is also up; trips are commonly booked in March, though December—not surprisingly given holiday travel—isn’t far behind. Ridesharing services are also seeing more spending, with the spend per customer up 17 percent and transactions up 18 percent per customer.

Food, meanwhile, saw its biggest gains in December, but May and July—notorious for Memorial Day and Fourth of July barbecues—saw gains as well. Restaurants were big with the millennial crowd, but millennials also proved bargain-conscious, spending less but eating more.

While the obvious platitudes about stepping up marketing ahead of clear spending phases apply, we also see that online spending is on the rise, albeit slowly, and that spending at the point-of-sale is still a major part of shopping in general. Yet based on the numbers we’ve seen here, it’s evident that the debit and credit card—one of the earliest forms of mobile payment system—are still doing quite well and likely will for some time.

The world is changing, yet even as it changes, some things yet remain the same. Whether that card is connected to Apple Pay or dipped at the point-of-sale, it’s still a big part of the market, and people are doing plenty of spending.

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Your local merchant might really want to know about the
Cash Discount program you can offer him through Digital World!  Log in to your DW interface to find out how to proceed today!

The Future is Mobile Payments

Friday is Guest Post Day, so here's National Director Agent Mike Lammons:

Lots of excitement these days with Digital World. We get lots of calls as to best approach for Merchants.

First, I think every one should recruit two new agents, have them watch intro video AND you make $200.

From that point on, your biz cost is ZERO.

My Merchant approach is this:

Hey, I see you r taking credit
Cards.

I work with a company that will reduce your processing fee, give you FREE equipment AND give you a monthly RESIDUAL commission of the processing profit.

Sure stirs up interest

Mike

Mike Lammons
mikelammons@gmail.com 

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A quick note to your local merchants:

The Future is Mobile Payments

Young people are big fans of here-and-now convenience and less so big fans of cash. They're also big fans of their mobile phones. The amount of mobile payments is already in the billions, and the stakes are too high to risk not being prepared for the increase in people requesting to pay via mobile wallets within their phones.

Retailer acceptance is growing now—Android Pay, Apple Pay, and Samsung Pay—find their way. And, whether it's smart stand-alone POS terminals or fully integrated POS systems,  thinking about what you need to empower early adopters and the consumers of tomorrow is a wise idea.

Mr. Merchant, Are you ready for the changes in the payment processing industry; both present and future? See what you should know about the shifts in attitudes, policies and trends in the payment processing industry.  Talk to your local Digital World Agent today!

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A quick note to YOU, DW Agent:

You can GIVE your local merchant a FREE terminal that is EMV, chip, and NFC ready so they are equipped for all those young shoppers described above! 

Check your interface for information on the countertop terminal -- or contact Barb if you have questions!

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Reason #8 'why all merchants need a new chip-NFC-ready terminal" (whether they think they do or not):

• 
  

- See more at: http://www.emarketer.com/Article/Mobile-Payments-Will-Triple-US-2016/1013147#sthash.Ah5Oh9uq.dpuf

Mobile Payments Will Triple in the US in 2016

Oct 26, 2015

Nearly one in five smartphone users will use mobile payments by next year

The number of people in the US using their phones to pay for goods and services at the point of sale will continue to climb steadily, with 2016 being a year of significant growth for the technology. According to the latest proximity mobile payments forecast from eMarketer, the total value of mobile payment transactions in the US will grow 210% in 2016.

eMarketer defines proximity mobile payments as point-of-sale transactions that use mobile phones as a payment method, via tapping, waving and similar functionality.
In 2015, mobile payments will total $8.71 billion in the US, with users spending an average of nearly $376 annually using their mobile phone as a payment method. By 2016, total mobile payment transactions will reach $27.05 billion, with users spending an average of $721.47 annually. Total mobile payment sales will rise faster than average spending per user in 2016 because of the growth in the number of overall users of the technology.

“Several factors will drive substantial mobile payments growth in the US. Mobile wallets like Apple Pay, Android Pay and Samsung Pay will become a standard feature on new smartphones,” said eMarketer analyst Bryan Yeager. “Also, more merchants will adopt point-of-sale systems that can accept mobile payments, and incentives like promotions and loyalty programs will be integrated to attract new users.”
eMarketer expects there will be 23.2 million people in the US using proximity mobile payments in 2015. By 2016, that will grow 61.8% to 37.5 million.


Source: http://www.emarketer.com/Articles/Print.aspx?R=1013147

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Here are a few DW options for your merchant -- which one should they be on?  It all depends on their needs .... that's why we upload their processing statement to DW:  so DW can tailor a plan for them:

Desktop Terminal Business types that are suitable for this type of program would be a clothing store, auto repair shop, a doctor's office, a diner, etc. They are most often used in retail shops and restaurants, when the merchant has the customers card in hand, to process the credit card transaction. 70% or more of cards processed by merchant are by physically swiping the credit card. more

Desktop Terminal With Mobile Attachement Used in retail shops and restaurants when the merchant has the customers card in hand, to process the transaction. Examples of businesses who would benefit from both a desktop terminal and a mobile attachment would be limo services, towing, pizza delivery, etc. 70% or more of cards are processed by merchant physically swiping the credit card.

Tablet System PayAnywhere This system is great for small mom and pop stores as well and non-complex retail and restaurants. 70% or more cards are processed by merchant physically swiping the credit card. more Online Application (processing over $5,000 monthly)

Tablet System Clover Mini Used in retail and restaurants when a merchant processes face to face customer sales. Examples of merchants that would be a great fit for the Clover Mini would be, clothing stores, small Mom and Pop stores, small non-complex restaurants, and anyone who wants a Tablet system with a built in printer, that can also keep track of inventory. 70% or more cards are processed by merchant physically swiping the credit card. more

Computer Gateway With Megstrip Computer Gateway, also known as a Virtual Terminal, would be used when a merchant wants to process via the computer. Examples of merchants who would process this way would be a doctor's office, hair salon, lawyer's office, etc. 70% or more cards are processed by merchant physically swiping the credit card. more

Clover Station Merchants who want the convenience of inventory management, reporting, and employee clock in/out, will find Clover has specific apps for every merchant type. Restaurants, retail stores, and resale shops, processing over $20,000 monthly, are a great fit for Clover. 70% or more cards are processed by merchant physically swiping the credit card. more ***************** RIGHT ON!!

Mobile Payments Will Triple in the US in 2016

Nearly one in five smartphone users will use mobile payments by next year

- See more at: http://www.emarketer.com/Article/Mobile-Payments-Will-Triple-US-2016/1013147#sthash.Ah5Oh9uq.dpuf

Mobile Payments Will Triple in the US in 2016

Nearly one in five smartphone users will use mobile payments by next year

- See more at: http://www.emarketer.com/Article/Mobile-Payments-Will-Triple-US-2016/1013147#sthash.Ah5Oh9uq.dpuf

Incredible growth

 Top DW residual check to one Agent in January 2016 = $3,400.00

 And, no, it wasn't  me.

 And, yes, it can be you!

Go talk DW to someone every day and watch it begin.

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Incredible growth of mobile payments 

Remember to let your local merchants know that you can equip them to accept THE GROWING mobile payments market FOR FREE!

The number of people in the US using their phones to pay for goods and services at the point of sale will continue to climb steadily, with 2016 being a year of significant growth for the technology. According to the latest proximity mobile payments forecast from eMarketer, the total value of mobile payment transactions in the US will grow 210% in 2016.

eMarketer defines proximity mobile payments as point-of-sale transactions that use mobile phones as a payment method, via tapping, waving and similar functionality.
In 2015, mobile payments will total $8.71 billion in the US, with users spending an average of nearly $376 annually using their mobile phone as a payment method. By 2016, total mobile payment transactions will reach $27.05 billion, with users spending an average of $721.47 annually. Total mobile payment sales will rise faster than average spending per user in 2016 because of the growth in the number of overall users of the technology.
- See more at: http://www.emarketer.com/Article/Mobile-Payments-Will-Triple-US-2016/1013147#sthash.VXCLek6F.dpuf

The number of people in the US using their phones to pay for goods and services at the point of sale will continue to climb steadily, with 2016 being a year of significant growth for the technology. According to the latest proximity mobile payments forecast from eMarketer, the total value of mobile payment transactions in the US will grow 210% in 2016.

eMarketer defines proximity mobile payments as point-of-sale transactions that use mobile phones as a payment method, via tapping, waving and similar functionality.
In 2015, mobile payments will total $8.71 billion in the US, with users spending an average of nearly $376 annually using their mobile phone as a payment method. By 2016, total mobile payment transactions will reach $27.05 billion, with users spending an average of $721.47 annually. Total mobile payment sales will rise faster than average spending per user in 2016 because of the growth in the number of overall users of the technology.
- See more at: http://www.emarketer.com/Article/Mobile-Payments-Will-Triple-US-2016/1013147#sthash.VXCLek6F.dpuf

In 2015, mobile payments will total $8.71 billion in the US, with users spending an average of nearly $376 annually using their mobile phone as a payment method. By 2016, total mobile payment transactions will reach $27.05 billion, with users spending an average of $721.47 annually. Total mobile payment sales will rise faster than average spending per user in 2016 because of the growth in the number of overall users of the technology. - See more at: http://www.emarketer.com/Article/Mobile-Payments-Will-Triple-US-2016/1013147#sthash.VXCLek6F.dpuf

In 2015, mobile payments will total $8.71 billion in the US, with users spending an average of nearly $376 annually using their mobile phone as a payment method. By 2016, total mobile payment transactions will reach $27.05 billion, with users spending an average of $721.47 annually. Total mobile payment sales will rise faster than average spending per user in 2016 because of the growth in the number of overall users of the technology. - See more at: http://www.emarketer.com/Article/Mobile-Payments-Will-Triple-US-2016/1013147#sthash.VXCLek6F.dpuf

Mobile Payments Will Triple in the US in 2016

Oct 26, 2015

Nearly one in five smartphone users will use mobile payments by next year

The number of people in the US using their phones to pay for goods and services at the point of sale will continue to climb steadily, with 2016 being a year of significant growth for the technology. According to the latest proximity mobile payments forecast from eMarketer, the total value of mobile payment transactions in the US will grow 210% in 2016.

eMarketer defines proximity mobile payments as point-of-sale transactions that use mobile phones as a payment method, via tapping, waving and similar functionality.
In 2015, mobile payments will total $8.71 billion in the US, with users spending an average of nearly $376 annually using their mobile phone as a payment method. By 2016, total mobile payment transactions will reach $27.05 billion, with users spending an average of $721.47 annually. Total mobile payment sales will rise faster than average spending per user in 2016 because of the growth in the number of overall users of the technology.
“Several factors will drive substantial mobile payments growth in the US. Mobile wallets like Apple Pay, Android Pay and Samsung Pay will become a standard feature on new smartphones,” said eMarketer analyst Bryan Yeager. “Also, more merchants will adopt point-of-sale systems that can accept mobile payments, and incentives like promotions and loyalty programs will be integrated to attract new users.”
eMarketer expects there will be 23.2 million people in the US using proximity mobile payments in 2015. By 2016, that will grow 61.8% to 37.5 million. Even as more consumers adopt the technology, there will continue to be a gap between younger and older generations. In 2015, 17.5% of 25- to 34-year-olds will use a mobile payment method, vs. just 3.5% of those 65 and older. By 2017, 37.0% of the younger age group will have adopted the technology, compared with just 6.3% of the 65 and over group.

The number of people in the US using their phones to pay for goods and services at the point of sale will continue to climb steadily, with 2016 being a year of significant growth for the technology. According to the latest proximity mobile payments forecast from eMarketer, the total value of mobile payment transactions in the US will grow 210% in 2016.

eMarketer defines proximity mobile payments as point-of-sale transactions that use mobile phones as a payment method, via tapping, waving and similar functionality.
In 2015, mobile payments will total $8.71 billion in the US, with users spending an average of nearly $376 annually using their mobile phone as a payment method. By 2016, total mobile payment transactions will reach $27.05 billion, with users spending an average of $721.47 annually. Total mobile payment sales will rise faster than average spending per user in 2016 because of the growth in the number of overall users of the technology.
- See more at: http://www.emarketer.com/Article/Mobile-Payments-Will-Triple-US-2016/1013147#sthash.VXCLek6F.dpuf

 

Mobile Payments Will Triple in the US in 2016

Source:  eMarketer

Nearly one in five smartphone users will use mobile payments by next year

The number of people in the US using their phones to pay for goods and services at the point of sale will continue to climb steadily, with 2016 being a year of significant growth for the technology. According to the latest proximity mobile payments forecast from eMarketer, the total value of mobile payment transactions in the US will grow 210% in 2016.

eMarketer defines proximity mobile payments as point-of-sale transactions that use mobile phones as a payment method, via tapping, waving and similar functionality.

In 2015, mobile payments will total $8.71 billion in the US, with users spending an average of nearly $376 annually using their mobile phone as a payment method. By 2016, total mobile payment transactions will reach $27.05 billion, with users spending an average of $721.47 annually. Total mobile payment sales will rise faster than average spending per user in 2016 because of the growth in the number of overall users of the technology.

“Several factors will drive substantial mobile payments growth in the US. Mobile wallets like Apple Pay, Android Pay and Samsung Pay will become a standard feature on new smartphones,” said eMarketer analyst Bryan Yeager. “Also, more merchants will adopt point-of-sale systems that can accept mobile payments, and incentives like promotions and loyalty programs will be integrated to attract new users.”

eMarketer expects there will be 23.2 million people in the US using proximity mobile payments in 2015. By 2016, that will grow 61.8% to 37.5 million. Even as more consumers adopt the technology, there will continue to be a gap between younger and older generations. In 2015, 17.5% of 25- to 34-year-olds will use a mobile payment method, vs. just 3.5% of those 65 and older. By 2017, 37.0% of the younger age group will have adopted the technology, compared with just 6.3% of the 65 and over group.

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Are you in the GREATER San Diego area??

Meet Co-Founder, John Daniels
and
National Directors, Mike and Barb Lammons

WHEN: January 28th, 2016 7-9 pm
WHERE: 7710 Balboa Ave.
             3rd Floor-Conference Room
             San Diego, CA 92111

Come meet John, Mike, and Barb and hear the exciting things that are happening at Digital World™ and in their own business. They are all inspiring to listen to and have knowledge to share that you don't want to miss!

 

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Remember to let your local merchants know that you can equip them to accept THE GROWING mobile payments market FOR FREE!

Mobile-payment services draw more shoppers and merchants

The pay-by-phone crowd is growing at the checkout counter.
More consumers are using their smartphones to pay for goods and services, and more companies are offering "mobile-payments" or "mobile-wallet" services.
In addition to Apple Inc.'s Apple Pay, which launched in October 2014, the field includes Android Pay from Alphabet Inc.'s Google and Samsung Pay from Samsung Electronics Co. There's also CurrentC, a system being developed by a group of major retailers and restaurants.
Wal-Mart Stores Inc. last month outlined plans for its own service for shoppers to pay in its stores with any major credit card or its own gift card using the giant retailer's existing smartphone app. Target Corp. reportedly also is developing its  (Read complete article here.)

WHATSNOTTOLOVE!!

 
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FROM THE 'KEEPING YOU INFORMED!' FILE:

John Stewart   enews

Larger screens, buy buttons, and streamlined checkouts are expected to combine to raise the profile of smart phones in e-commerce. And now there are numbers to show just how much retail sales volume the devices will generate.

Smart phones will account for $27.7 billion in retail mobile commerce this year, a 38% increase over 2014, according to eMarketer Inc., a New York City-based market-research firm. That number will grow another 32% in 2016 to reach $36.6 billion, eMarketer projects. And by the end of 2019, commerce performed on smart phones will be responsible for nearly $41 billion in annual retail sales, the firm predicts, good for a touch more than 40% of all retail mobile commerce.

“Fewer people are putting down the phone to make a purchase using another device. Consumers are opting to complete their transaction with the same device they began the shopping journey with, and that is increasingly with a smart phone,” said Monica Peart, an eMarketer analyst, in a blog post about the projections.

The research firm cites several reasons for that, including larger device screens and the recent introduction of buy buttons on retail sites and on popular social-media networks like Facebook and Pinterest. These two sites among all social-media networks refer the most traffic to retailer sites, according to eMarketer.

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GOOD ARTICLE TO SHARE WITH YOUR MERCHANTS  -- thanks to John Daniels -- it's not all about emv:  we can deliver terminals FREE to your merchant so he can take all the spectrum of new payment methods!

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Welcome SEPTEMBER!!  Cool, school, football, WHATSNOTTOLOVE!!