Attractive results for your card may be on the horizon too! The National Retail Federation has forecast that 2023 holiday spending should reach record levels during November and December. Their projection suggests retail sales will grow between 3% and 4% over 2022 to reach as much as $966.6 billion (which is about $3,000 per person in the US.) National Retail Federation 2023 Holiday Sales Projection According to NRF President and [...]
Good question. The honest answer is, “It depends” For starters, it’s a challenge to measure card placement success. It’s difficult to know for certain when it’s the right time and place to present CardUpdatr to a consumer. Successful card placement depends on multiple factors and variables. When we evaluated the data we’ve gathered from our clients about their card placement success, we took multiple factors into account. As a result, [...]
Online sales transactions of all types have skyrocketed over the past few years. The reasons why are clear. As a result, financial institutions from sea to shining sea now pay more attention to card placements and active card use. This is the business environment Strivve thrives in. Or “thrivves” in, as it were. Our product CardUpdatr is the first service that instantly updates all the cards your accountholders have placed [...]
Strivve’s Card-on-File solutions are primed to help! We’re just about to leap headlong into the 2022 holiday shopping season, and it looks promising. Analysts suggest online sales are predicted to grow about 6.1% this year. The projection takes a number of different factors into account. On one hand, we’re excited to finally emerge from more than two years of pandemic-based isolation. But there’s also widespread concern about inflation and rising [...]
Strivve’s Customer Success Programs can help! At least one significant card-usage development came out of the pandemic years. Over the past couple of years, we all had to change our habits and learn new ways to do things. For example, U.S. online and mobile purchases totaled nearly $1 trillion in 2021, and the growth continues today. Plus, most of our day-to-day banking and other financial behaviors take place digitally, either [...]
Card on file payments is a new norm in today's world. The typical US customer has 2-3 online subscriptions. Since the rise of COVID 19, online shopping has raised over 32%. We are looking into what this data means for financial institutions and where consumers are spending their money online. Stored Cards on file provide a quick way for consumers to shop online. Strivve powers financial institutions with an easy [...]
We are very excited to launch our TopWallet Playbook, an integrated collection of strategies that we have learned from our customers to help facilitate CardUpdatr usage in financial institutions of any size. We have simplified the Playbook to 3 simple steps: CardUpdatr is successful when the experience is incorporated into existing member experiences and able to improve upon the current process. The more seamless the experience is integrated, the [...]
Strivve empowers financial institutions to provide effortless card updating experiences to their cardholders. In today's marketplace, consumers are shopping and paying online more than ever, adding to the ever-growing list of places where they must manage their card information. Updating the payment method on each of these merchant accounts is time-consuming, tedious, and ultimately expensive for the card issuer who may miss out on transaction volume and interest income if [...]
We are excited to announce that Donald Kingsborough has joined our advisory board, bringing decades of payments experience and leadership to The Company. Get to know Don and all that he has accomplished below: About Donald Kingsborough Donald Kingsborough is a non-executive Director of Westfield Corporation and was appointed to the newly created role of President, Westfield Retail Solutions in July 2016. In this role Don is responsible for overseeing [...]
SEATTLE (December 10, 2020) – Strivve, Inc, a Seattle-based financial technology company, today announced its partnership with Digital Onboarding, Inc., a company that provides a fully automated customer and member engagement platform that is purpose-built for financial institutions. For financial institutions, maximizing debit and credit card usage is key to growth. Getting cards registered as the default payment method with e-commerce accounts like Amazon®, Spotify®, and Uber® is one of [...]