PYMNTS

DECEMBER 4, 2018

For many consumers, perks are a key driver of their credit card choice, whether it’s airline miles, cash-back or points that can be redeemed for a variety of items. These perks have been an advantage for credit cards, but could that erode as, say, Alipay offers integrated loyalty programs? The Millennials Cometh.

Payments 191

Payments Millennials Cards Course 191

PYMNTS

MAY 4, 2017

In the latest webinar series, PYMNTS’ Karen Webster jumped into the findings of the Global Cash Index, gaining a sense of the story behind the numbers in the United States and the Americas in general. Turning to the Americas — defined as the U.S., Cards are perhaps proving a sticking point in the move toward electronic payments.

ATM 192

ATM Millennials United States Study 192

PYMNTS

OCTOBER 21, 2020

"Demand for refurbished products has surged, and by securing exclusive rights to inventory sold directly from the most popular manufacturers, eBay is changing the way people shop this category," said Jordan Sweetnam , senior vice president and general manager for eBay's North America market.

Branding 192

Branding Samsung Meeting Millennials 192

PYMNTS

SEPTEMBER 16, 2019

In the payments ecosystem, we need look no further than the bridge millennial for how the connected purchasing experience will evolve over the next decade. It provides an exhaustive and statistically reliable portrait of the connected consumer in America. consumers shop and pay — today and in the future. This group of 60 million U.S.

Millennials 222

Millennials Study Course Trends 222

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. At least not yet.

Millennials 40

Millennials Fraud social media Survey 40

PYMNTS

FEBRUARY 19, 2020

Corporate buyers can pay more rapidly online with credit cards, benefitting sellers, and enjoy easy access to detailed, searchable information to guide their purchasing decisions. recently sought a digital commerce solution to help its hundreds of independently managed distribution locations personalize their front-end experiences.

Mobile 197

Mobile Online Payments Tools 197

PYMNTS

AUGUST 4, 2017

Getting community banks to adapt to the changes brought on by the availability of faster payments is a priority of the Independent Community Bankers of America (ICBA), the trade organization representing approximately 5,800 community banks of various sizes nationwide. Millennials Moving Into And Up In The Business World.

Community Bank 116

Community Bank Community Innovation Millennials 116

PYMNTS

AUGUST 21, 2018

The pumps are often grimy, card readers might not work, the air might be frigid or hot, and there may be an odor associated with rubber, petroleum or refuse. Buying fuel is not a desirable purchase,” said Rod Tos, manager of customer payments and card services for energy provider Chevron. Millennial Promise.

Payments 116

Payments Millennials Study Mobile 116

PYMNTS

JULY 25, 2019

In an interview with PYMNTS, Deirdre Ives, CEO and managing director at Wirecard North America, noted that when it comes to innovation, issuers face challenges in meeting the needs and expectations of a diverse populace of users spanning borders and cultures. That’s especially true among younger users such as millennials.

Payments 189

Payments Innovation Examples FDIC 189

PYMNTS

MARCH 1, 2017

Brian Billingsley, CEO North America at Klarna , joined Karen Webster to discuss those partnerships and the benefits that it believes its more streamlined financing options can bring to the consumer purchasing experience. Klarna launched its financing platform in the U.S. But for some demographics, it was almost too frictionless.”.

Customer Experience 100

Customer Experience Millennials Branding Cards 100

PYMNTS

FEBRUARY 20, 2019

The challenger bank acquired a banking license when it launched, and offers each customer a fixed savings account, two credit cards and an app that offers personal spending advice. Such is the case in Latin America, where roughly 70 percent of the population lacks bank accounts. In the U.S.

Digital Banking 155

Digital Banking Millennials America Lending 155

PYMNTS

FEBRUARY 20, 2018

But the data indicates that for an increasing number of users, debt is not being managed correctly. Revolving outstanding credit, made up primarily of credit cards, increased at a 13.3 Credit Card Troubles. Store-card issuers Synchrony and Citibank reported a similar issue: Loan volume was growing, but defaults were too.

Lending 105

Lending Cards America New York 105

PYMNTS

MARCH 2, 2020

And while in some sense the data shows the patterns one would expect in terms of banks’ size and their level of core/IT enablement — bigger banks with more assets under management do better across the board than small banks with small assets under control, who are in the category of most likely to be core and IT deficient, according to the data.

Innovation 222

Innovation Data System Mobile 222

PYMNTS

MAY 26, 2017

One company that is innovating in the sports and recreation industry is Amilia, an online registration and membership management platform. The lack of payment innovation could increasingly become an issue as more millennials become parents and consider activities for their families.

Marketing 115

Marketing Payments Community Millennials 115

PYMNTS

OCTOBER 20, 2016

According to Robert Flynn, managing director of Accenture Payments in North America: “Consumers are content to use cash and plastic for their everyday transactions, and while the use of cash is declining overall, it is the most commonly used form of payment – and consumers expect it to remain so in 2020. Three-quarters of U.S.

Apple 100

Apple Mobile America Payments 100

PYMNTS

MAY 2, 2017

According to data released by the Consumer Federation of America (CFA) earlier this year (extrapolated from data out of the U.S. And now it seems credit cards are coming to the party — Capital One, Synchrony and Discover Financial have all increased their loan-loss provisions and reported increasing delinquencies. Card Weakness.

Millennials 103

Millennials Lending Capital Cards 103

PYMNTS

JANUARY 29, 2018

Along the way, there are foreign exchange fees, documents to manage and sundry regulations to navigate. This dovetails well with millennials, who favor a prepaid, eWallet type of app that serves their lifestyles and ensures they “can go spend the money where [they] need to.”. In short, there are a lot of speed bumps in place.

Payments 134

Payments blockchain Maine Examples 134

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. Download the free report to find out how fintech is shaping the future of wealth management and investing. get the REPORT on next generation investors.

Millennials 77

Millennials Mobile Lending Cards 77

Independent Banker

AUGUST 9, 2016

Statistics are especially compelling for those trying to attract and maintain the millennial segment. As a group, millennials switch from their primary bank at a pace nearly double the average of other age groups, and they point to high fees and poor loyalty programs as the top reasons why they are dissatisfied with their banks (3).

Community 70

Community Millennials Community Bank America 70

PYMNTS

SEPTEMBER 20, 2018

Almost half – 43 percent of high-income millennials – said they would be more likely to visit a gas station if its app offered them convenience, loyalty and savings, according to the PYMNTS Paying At The Pump report. Those ideal consumers tend to be in their early 40s, earn higher incomes and are more likely to be educated.

Mobile 140

Mobile Payments Google Millennials 140

PYMNTS

OCTOBER 6, 2017

But as readers in this space know, the move to cashless is not a done deal, nor is it written in the cards (no pun intended). In an interview conducted by PYMNTS’ Karen Webster with Brian Bailey, managing director for North America at Cardtronics , the discussion turned to why and how cash has remained so sticky.

United States 119

United States Study Cards FDIC 119

NCR

AUGUST 25, 2016

The first choice for Millennials. The extent of this obsession in the US has been highlighted recently by two separate surveys from JP Morgan Chase and Bank of America, which both offered revealing insights into the country’s relationships with their smartphones. A key financial platform.

Millennials 40

Millennials America Survey Mobile 40

CB Insights

OCTOBER 10, 2018

See which startups are helping JPMorgan, Bank of America, and Citi build the digital banking platforms of the future. Asia is highly competitive, with tech giants like Ant Financial and Tencent’s WeChat actively dominating mobile payments and expanding their reach in financial services across lending, wealth management, and insurance.

Retail 78

Retail Cards Millennials Mobile 78

PYMNTS

MAY 31, 2017

Alipay said it will be expanding mobile payment service to users in America. The service has 450 million global active users and has teamed up with Atlanta-based credit card processing service First Data to grow that number even more, by giving Americans (and Chinese tourists in America) mobile payment options at four million U.S.

Mobile 108

Mobile Atlanta America Seattle 108

PYMNTS

NOVEMBER 9, 2018

“An increasing number of employers tell us that workers ask for the ability to access their pay with greater flexibility and in a responsible way,” said Craig Cohen, general manager of the ADP Marketplace in a press release. Those consumers said that if they were paid faster, they would be able to better manage their cash flow and pay bills.

Payments 178

Payments Tools Retail Report 178

FICO

AUGUST 19, 2022

According to a 2022 report by Cornerstone Advisors , the percentage of Gen Z, Millennial, and Gen X consumers in the U.S. There is opportunity for banks to help these consumers more effectively manage these loans. Niche Neobanks. Darryl is a frequent speaker at industry events including FICO World and CSRSA conferences.

Fintech 52

Fintech Millennials Lending Tools 52

Gonzobanker

JULY 31, 2017

In the past two weeks, PayPal has signed agreements with Chase, Citi and Bank of America, in addition to expanding its deal with Visa to issue Visa debit cards in Europe. What’s ironic is that not long ago, PayPal was listed as the most popular mobile wallet among Millennials. Mid-Size Financial Institutions Must Pivot, Too.

Samsung 69

Samsung Apple Mobile Online 69

PYMNTS

APRIL 5, 2018

Some of our research has shown, particular[ly] with the underbanked and millennials, that the ability to help them ‘save them from themselves,’ relative to financial management, budgeting, savings and so on is in high demand,” Politi said. “In In many cases, they’re struggling. transfer fee. were supporting the mobile payment service.

Tools 108

Tools Survey Payments Examples 108

PYMNTS

OCTOBER 9, 2017

million to 8 million among the 25-to 30-year-old age bracket, according to the Motion Picture Association of America. Whether it’s Netflix or Spotify, Farnsworth explained, millennials prefer subscription services for their anytime, on-demand access and the seamless experiences they offer. million to 7.2 million, and from 9.9

social media 101

social media New York City Cards Google 101

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. As far as security is concerned, ATMs are benefiting from stronger protections against threats like card skimming and deposit fraud.

ATM 85

ATM Mobile Strategy Fraud 85

PYMNTS

JUNE 25, 2018

Of the 41 percent of consumers who we reported still concentrate their grocery spend predominantly online, more than a third of those physical shoppers (37 percent of the 41 percent) visit multiple stores in search of “deals” and products not found at their main “go-to” store — and two-thirds of millennials do.

Retail 156

Retail Branding Millennials Online 156

PYMNTS

DECEMBER 15, 2017

is a rally cry that would perk the ears of many millennials, but how about “ Mastercard , assemble?”. The card network is hoping that’s the case, as it rolls out the first use case stemming from its recently launched global prepaid money management platform. What Millennials Want. “Avengers, assemble!”

Millennials 134

Millennials Management Cards Security 134

Tech and Finance

JUNE 14, 2018

Of those who do, nearly 70 percent cite meditation and mindfulness as the most effective activity for managing their stress, ranked above listening to music, sleeping or exercising. June 11 Extend’s Millennials Report Shows Only 11% Of Millennials Have A Business Credit Card From Their Employer. May 2018 GlobalData.

Survey 28

Survey Millennials Fraud Mobile 28

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

William Mills

MAY 11, 2016

Credit cards offer rewards but over 60% of payments are made on debit cards. CreditHQ helps businesses manage cashflow. Managing cash flow – targeted at small business in partnership with banks. ^KT. Here’s another solution for document management and origination. ^SR. David Carr (Innovation Manager).

Video 40

Video Mobile social media Analytics 40

CB Insights

NOVEMBER 5, 2019

Both Ant and Tencent have converged on a growth playbook that focuses on converting their massive audiences of digital payments users into consumers of financial services across lending, wealth management, insurance, and credit scoring. Tencent, too, is looking to work more closely with wealth management incumbents.

Fintech 51

Fintech social media Analysis Marketing 51

PYMNTS

JULY 21, 2019

But for those observers watching reports from Bank of America, American Express and others, one strong signal came from the continuing trend of spend. In one example, for Bank of America , the U.S. Management has said the bank has seen more than 2 million accounts opened through digital means. billion, an increase of $2.3

Cards 129

Cards America Millennials Conference 129