- Person-to-person payments are typically made using cash and checks, but the majority of respondents are interested in a digital payment option from their bank.
- People most often gave or sent money to friends and family members, yet to whom and how money is sent varies by age and gender.
- Splitting bill payments is the norm among U.S. households, with one person paying the bills and others reimbursing them being the most common way to divide costs.
- People are uncomfortable requesting money owed to them, so much so that nearly 50 percent have let people not pay them back because they didn’t want to ask.
Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, including the social payment service Popmoney ®, today announced the results of its 2013 “How Americans Pay Each Other” national survey. The survey of more than 2,500 Americans evaluated person-to-person (P2P) payments, also known as social payments, providing insights into who people are paying and how they are paying them. Among the key findings were: