INFOGRAPHIC DATA · 2020-03-03 · INFOGRAPHIC DATA DCRSTRATEGIES.COM 90% ... double the rate of...
1
INFOGRAPHIC DATA DCRSTRATEGIES.COM 90 % According to the Consumer Financial Protection Bureau (CFPB), in 2015 almost half (46 percent) of all complaints from the military community were related to debt collection, nearly double the rate of the general population. Over 12 percent of all complaints from the military were related to fraud, identity theft, scams, and incorrect credit reports. In the same survey, only 1 percent of all complaints from the military communi- ty were about prepaid cards. 46 % 1 % 11 % FRAUD IDENTITY THEFT SCAMS INCORRECT CREDIT REPORTS PREPAID CARDS In a survey conducted by IPSOS and MasterCard, 73 percent of all consumers felt that prepaid could prevent them from going into debt. According to a recent report by the Canadian Bankers Association, 90 percent of Canadians embrace innovation in banking. In a public opinion research report commissioned by Public Works and Government Services Canada, almost half of Canadians see no advantage to using paper cheques (46 percent). The government expects to save $17 million annually by cutting to almost zero of the 55 million cheques it prints and mails out each year. According to a recent Leger survey 73 percent of Canadians who have used open loop pre-paid cards have expressed satisfaction. In a 2015 survey titled “How Canadians Pay Today,” 82 percent of Canadians want payment cards that avoid overdraft fees, NSF fees, and interest fees. 40 percent of Canadians want a payment card with a set spending limit to help them stick to a budget. Studies have shown that creating a cheque costs $0.82 vs. $0.13 for electronic payments. HR manage- ment software company PaySavvy determined the average cost to issue one cheque is $17 based on secondary costs. They illustrated this breakdown through a pie chart, which shows all the costs associated with the cheque issuance model. 73 % SET SPENDING LIMIT 40% NO OVERDRAFT FEES, NSF FEES, AND INTEREST FEES 82% PAYMENT CARDS PREVENT DEBT EMBRACE INNOVATION NO ADVANTAGE FOR CHEQUES PRE-PAID SATISFACTION SAVING MONEY E-PAYMENTS VS CHEQUE COST PAYMENT INITIATION AUTHORIZATION AND PRINTING COSTS DISTRIBUTIONAND PAYMENTDELIVERYCOSTS ACCOUNT ADMINISTRATION, RECONCILIATION, AND STORAGE COSTS MATERIALSAND HANDLINGCOSTS 61.5% 16% 13% 9.4% $1 MILLION CHEQUES REMOVAL OF CHEQUES $5 MILLION $17 MILLION 55 40 30 20 10 0 46%
Transcript of INFOGRAPHIC DATA · 2020-03-03 · INFOGRAPHIC DATA DCRSTRATEGIES.COM 90% ... double the rate of...
INFOGRAPHIC DATA
DCRSTRATEGIES.COM
90%
According to the Consumer Financial Protection Bureau (CFPB), in 2015 almost half (46 percent) of all complaints from the military community were related to debt collection, nearly double the rate of the general population.
Over 12 percent of all complaints from the military were related to fraud, identity theft, scams, and incorrect credit reports. In the same survey, only 1 percent of all complaints from the military communi-ty were about prepaid cards.
46%1%
11%FRAUDIDENTITY THEFTSCAMSINCORRECT CREDIT REPORTS
PREPAID CARDS
In a survey conducted by IPSOS and MasterCard, 73 percent of all consumers felt that prepaid could prevent them from going into debt.
According to a recent report by the Canadian Bankers Association, 90 percent of Canadians embrace innovation in banking.
In a public opinion research report commissioned by Public Works
and Government Services Canada, almost half of Canadians see no
advantage to using paper cheques (46 percent).
The government expects to save $17 million annually by cutting to almost zero of the 55 million cheques it prints and mails out each year.
According to a recent Leger survey 73 percent of Canadians who have used open loop
pre-paid cards have expressed satisfaction.
In a 2015 survey titled “How Canadians Pay Today,” 82 percent of Canadians want payment cards that avoid overdraft fees, NSF fees, and interest fees. 40 percent of Canadians want a payment card with a set spending limit to help them stick to a budget.
Studies have shown that creating a cheque costs $0.82 vs. $0.13 for electronic payments. HR manage-ment software company PaySavvy determined the average cost to issue one cheque is $17 based on secondary costs. They illustrated this breakdown through a pie chart, which shows all the costs associated with the cheque issuance model.
73% SET SPENDING LIMIT 40%
NO OVERDRAFT FEES, NSF FEES, AND INTEREST FEES 82%
PAYMENT CARDSPREVENT DEBT
EMBRACE INNOVATION
NO ADVANTAGE FOR CHEQUES
PRE-PAID SATISFACTION
SAVING MONEY
E-PAYMENTS VS CHEQUE COST
PAYMENT INITIATIONAUTHORIZATION AND
PRINTING COSTS
DISTRIBUTION ANDPAYMENT DELIVERY COSTS
ACCOUNT ADMINISTRATION,RECONCILIATION, AND
STORAGE COSTS
MATERIALS ANDHANDLING COSTS
61.5%
16%
13%
9.4%
$1 MILLION
CHEQUESREMOVAL OF CHEQUES
$5 MILLION
$17 MILLION
55 40 30 20 10 0
46%
![TL;DR: Leverage Data and Graphics To Make Your Long ... · “[INFOGRAPHIC]” • Overused, Underwhelming • “[INFOGRAPHIC]” can be anything – Infographic != Data Visualization](https://static.fdocuments.net/doc/165x107/5f1619e9ba44e30f5f4853f6/tldr-leverage-data-and-graphics-to-make-your-long-aoeinfographica-a.jpg)
