PYMNTS

JUNE 7, 2017

According to a press release , the percentage of consumers using mobile pay rose significantly from late 2015 to late 2016, growing from 22 percent to 28 percent. Among mobile banking users, 41 percent used the service to pay bills in the past 30 days. Fifteen percent of consumers said they had used a digital wallet in the past year.

Survey 115

Survey Mobile Millennials Cards 115

Celent Banking

MARCH 16, 2015

This last week the American Banker Retail Banking Conference 2015 was going on in Austin, TX. A regional bank poll of millennials found that not one could name a community institution in their area. As expected, it was a great way to read the temperature of the banking industry. This requires additional spending.

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PYMNTS

DECEMBER 9, 2019

Cards over cash – specifically, debit cards over cash. And debit card transactions, the report notes, have become the most widely used payment method , ahead of cash, at least as measured by value. consumers surveyed made more than half their payments with cards, at 54 percent of payments or 24 transactions.

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Study Payments Cards Survey 140

CB Insights

JULY 25, 2019

Fintech is often associated with digital tools targeted at tech-savvy millennials. They make up close to 25% of the total US population and are by far the wealthiest generation — and will continue to be so until at least 2030, according to a 2015 Deloitte study. . get the REPORT on next generation investors. Source: Deloitte.

Millennials 73

Millennials Fintech Tools Fraud 73

FICO

JUNE 9, 2016

Millennials, now the largest demographic group in America, are possibly the most misunderstood, elusive market ever, a notion underscored by The Wall Street Journal ’s article about the existence of $20,000-per-hour “Millennial consultants.” Millennials reward positive fraud outcomes. In Millennial parlance, that’s “harsh.”.

Millennials 40

Millennials Fraud social media Survey 40

PYMNTS

OCTOBER 1, 2019

Fraud has become particularly problematic in the United Kingdom, where last year card-based losses increased by 19 percent compared to the previous year. A report by Lloyds Bank noted that the share of millennial consumers who fall victim to scams increased by 400 percent in the past year, even though overall fraud incidents declined.

Fraud 156

Fraud Millennials Regulation Trends 156

PYMNTS

MAY 10, 2017

posted results Tuesday night that blew past Street estimates, boosted by strength in its card and tax refund-focused business lines. Streit also highlighted the direct to consumer business, which offers bank accounts and prepaid cards, driven in part by online activity. Green Dot Corp.

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Taxes Cards Trends Millennials 100

PYMNTS

JULY 25, 2019

Consumers may still champion cash as their preferred method of payment, but its use declined 3 percent as measured between 2015 and 2018. Other options, such as credit cards and payment apps like Venmo , are increasingly gaining traction. That’s especially true among younger users such as millennials.

Payments 189

Payments Innovation Examples FDIC 189

PYMNTS

MAY 28, 2019

With abundant choices in many aspects of their lives, consumers expect a range of options when it comes to online shopping, ranging from picking out clothes to making travel plans. Half of global online transactions are expected to take place in Asia this year. billion – of funds were lost to card fraud in 2018, up from $1.4

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Apple Mobile Fraud Branding 159

PYMNTS

MARCH 1, 2017

Klarna announced its partnership with online mattress retailer GhostBed to integrate an instant financing solution into the merchant’s existing checkout system. GhostBed customers are now presented with two Klarna financing options at checkout along with the ability to purchase using their existing credit or debit card.

Customer Experience 100

Customer Experience Millennials Branding Cards 100

PYMNTS

DECEMBER 21, 2020

And you can see it in the hustle by retailers and brands large and small to pivot their businesses and business models — and the disclaimers on just about every retail site starting a week or more ago that orders placed online might not make it in time for Christmas. Take PayPal, for example. consumers showed that of the 7.75 Share of U.S.

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Apple Study Innovation Survey 227

PYMNTS

NOVEMBER 30, 2017

Initially, when contactless payments were introduced, consumers used them in place of traditional debit or credit cards rather than cash, Cleland said. As with other developed economies, a growing adoption of online and mobile banking in the U.K. Alternate payments methods might be gaining popularity among millennials in the U.K.,

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ATM Payments Analysis Cards 165

PYMNTS

OCTOBER 20, 2020

Apple had already more or less created the modern smartphone industry with the iPhone and remade the music industry with the iPod – so it didn’t seem too much of a stretch to believe that if Apple wanted to disrupt the plastic card, it could fall out of favor for in-store purchases. percent in 2015. Of the 207.6 million U.S.

Apple 133

Apple Payments Study Mobile 133

PYMNTS

OCTOBER 11, 2018

Bureau of Labor Statistics found that both men and women were more likely to play sports in 2015 than they were in any other year after 2003. Research indicates that millennials are twice as likely as other adults to participate in team sports. In a 2017 report , the U.S.

Payments 108

Payments Online Management Tools 108

CB Insights

SEPTEMBER 10, 2019

While the media often portrays millennials as preoccupied with the rising prices of festival tickets and avocado toast, their real financial concerns are a bit more practical. But millennials face significant headwinds in making those financial dreams a reality. get the REPORT on next generation investors. From big banks to big tech.

Millennials 77

Millennials Mobile Lending Cards 77

PYMNTS

JUNE 25, 2018

Another had an offer with a promo code to get $10 off my first online order, which would be delivered free to my front door in two hours or less once I linked my Prime account to Whole Foods. Along with the promise of much more. Amazon has done deals with recipe aggregators Yummly and Allrecipes , so that’s not that much of a stretch.

Retail 156

Retail Branding Millennials Online 156

PYMNTS

MAY 11, 2018

At first glimpse, the Marriott move seems small — just another example of the ongoing divorce between payments and physical cards. Launched on Fliggy in 2015, and prior to the Marriott’s new global push of the service, PPP was available at some 100,000 hotels across mainland China. Last year, the U.S.-based Expanding Payment Methods.

Retail 129

Retail Payments social media Mobile 129

Fintech Labs Insights

SEPTEMBER 17, 2015

The Best of Show votes for FinovateFall 2015 have been cast and counted! ” let’s meet the Best of Show winners of FinovateFall 2015 (in alphabetic order): Blockstack.io Dynamics for its fully-programmable interfaces (stripe, EMV, NFC) for use in next- generation payment cards. So with a hearty “Congratulations!”

Innovation 12

Innovation Millennials Technology blockchain 12

PYMNTS

APRIL 27, 2016

adults still prefer to use cash for purchases under $5, while 22 percent use debit cards and 11 percent use credit cards. Which age group is most likely to use a credit card for these small transactions? That would be millennials, ages 18–29, with 64 percent saying they prefer to use cards even for transactions under $5.

Taxes 100

Taxes Colorado Alaska Cards 100

PYMNTS

AUGUST 6, 2018

LevelUp is front and center on the Chase site as its partner for online ordering using Chase Pay and Chase Commerce Solutions (aka Chase Paymentech). That model — aggregating menus from local restaurants in one place and enabling easy online ordering from that online platform — remained Grubhub’s mainstay over the next decade.

Online 125

Online Branding Mobile Millennials 125

PYMNTS

OCTOBER 20, 2016

That figure is down by 7 percent since 2015. Payments providers need to bring the traditional card to life and create a real-time interactive experience for consumers.”. consumers trust traditional card providers the most, followed by providers like PayPal, banks and established tech companies. Three-quarters of U.S. Population.

Apple 100

Apple Mobile America Payments 100

Independent Banker

NOVEMBER 25, 2015

See “Closing the Gap” in the November 2015 issue, online at www.independentbanker.org.). Consider the 80 million millennials who would rather manage their finances with a smartphone app than visit a bank branch. Although they have bank accounts, they often prefer to use prepaid cards and mobile options to manage their finances.

Community Bank 70

Community Bank Community Analytics Lending 70

PYMNTS

APRIL 22, 2016

Acorns itself acts as a robo-advisory company that works with other online firms that manage clients’ money. Particularly favored as a potential marriage that makes sense is a pairing of Acorns with Venmo, since they share a target audience of millennials with a mobile-friendly outlook. percent for anything larger. percent of the time.

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San Jose Mobile Retail Survey 100

PYMNTS

APRIL 17, 2017

Not because he didn’t have a buyer, but because his buyer didn’t have that much cash— and McKelvey didn’t take credit cards. After many fits and starts, Square pushed into an IPO in late 2015. Cash Pro is the SMB version of Square Cash and does enable bank-to-bank transfers (in addition to debit card transactions) for a 1.5

Apple 110

Apple Capital Cards Payments 110

Banking 2020

FEBRUARY 9, 2016

Proactive banks have an opportunity to transform consumer behavior, win millennial customers and satisfy existing customers by taking advantage of the unique differentiation opportunity of mobile. Millennials have emerged as mobile trailblazers. Globally, the millennial population looks to do their banking through a mobile app.

Mobile 40

Mobile Industry Millennials Survey 40

Fintech Labs Insights

JANUARY 8, 2016

2015 was quite a year for the 800+ Finovate alumni. Here are the highlights from the 2015 Best of Show winners: FinovateEurope 2015. October: Named FinTech Forward 2015 Company to Watch. December: Introduces bank account deposits using POLi online payment service. FinovateSpring 2015. FinovateFall 2015.

Innovation 12

Innovation Mobile Fintech Cards 12

NCR

MAY 9, 2017

Hawaii National Bank’s Hawaii Score enables existing bank customers and non-customers the capability to access a TransUnion credit report and score without the need for a credit card or an existing account with Hawaii National Bank. billion in 2013 to a peak of $27 billion in 2015. US investment in fintech rose from $3.3 billion.

Fintech 75

Fintech Hawaii Community Bank San Francisco 75

ZootBlog

MAY 6, 2016

Aite Group conducted a survey in 2015 and found that more than six in 10 consumers across four generations (seniors, baby boomers, Gen X and Gen Y/millennials) either strongly liked biometrics or found it an acceptable form of customer authentication for banking.

Security 60

Security User Experience Millennials Maine 60

NCR

FEBRUARY 17, 2017

In the rush to serve the tech-savvy millennial market and keep up with the latest developments in mobile and digital banking, some FIs might fall into the trap of overlooking traditional channels. million in 2015. Why the ATM is key to omnichannel. That figure is expected to increase to four million by 2021. A driver of change.

ATM 85

ATM Mobile Strategy Fraud 85

PYMNTS

NOVEMBER 24, 2017

The online growth spilled over into grocery, a category which showed the strongest momentum of all, as Sam’s Club sales excluding fuel were up 2.8 percent, and McMillon called out online grocery and free two-day shipping as lures for new customers. Within the top line of $124 billion, eCommerce sales grew by 50 percent. percent today.

Retail 128

Retail Mobile Strategy Digital Strategies 128

PYMNTS

OCTOBER 21, 2016

Even as early as 1999, Villante observed that many of the people he knew were already paying their bills online, all except for one — their largest payment every month: their rent payment. Then, accepting credit cards was pricey. For that bill payment, the paper check reigned. “It’s a no-brainer.”.

Software 100

Software Payments Management Cards 100

PYMNTS

APRIL 11, 2016

Over the years, outdoor bazaars became main streets which morphed into malls and now online marketplaces where sellers and buyers meet to do business. David Evans and Dick Schmalensee have a new book, “ Matchmakers “ (Harvard Business School Press, May 2015), which presents the good, the bad and the ugly of platform businesses.

San Francisco 100

San Francisco Operations Examples Branding 100

Gonzobanker

DECEMBER 22, 2015

Well, what do we say about 2015? And, give or take a stumble or two, we snuck through it and did a reasonable job on 2015 objectives, in our humble opinion. So, it seems we’re good with only one outstanding item—digest the 2015 GonzoBanker Awards! 2015 Executive Call-out. ” – Tom Armstrong. And the winners are ….

Community Bank 60

Community Bank Apple Community Technology 60

PYMNTS

SEPTEMBER 6, 2016

Payments had been relatively static with innovation around cash, checks and credit cards. Of course, it’s not just the FinTech industry and tech-savvy millennials who are fueling digital change. Issuers want their card to be the one that is loaded into the digital wallet and stays there — for a long time. Sophisticated Threats.

Security 100

Security CA Payments Big Data 100

PYMNTS

JULY 11, 2016

In 2003, the Bureau of Labor Statistics reported that American consumers spent roughly 48 minutes a day shopping offline and online. In 2003, the majority of the online shopping was done at the desktop at the office when the boss wasn’t looking, and that experience included laboriously typing in card credentials at every site.

Google 100

Google Mobile Apple Online 100

William Mills

MAY 11, 2016

Credit cards offer rewards but over 60% of payments are made on debit cards. Chip card reader for when customers are shopping online to improve security. Integrate with any online merchant site. Verifies the card and pushes that information onto the merchant. Plus the 1% rewards. David Marsyla (CEO).

Video 40

Video Mobile social media Analytics 40

CB Insights

NOVEMBER 5, 2019

In Q2’19, Tencent’s fintech and business services category grew 37% YoY in contrast to 16% growth in online advertising revenue, down from 25% in Q1’19. This would be Tencent’s first move to provide a payment option beyond its users’ debit and credit cards issued by regular banks. billion yuan).

Fintech 51

Fintech social media Analysis Marketing 51