CB Insights

SEPTEMBER 4, 2019

Popular media coverage of millennials often fixates on the industries the generation is allegedly killing and their supposed fiscal irresponsibility. Some industries benefiting from millennials’ increased spending power, such as travel, reflect well-worn Gen Y tropes like the general preference for “experiences” over things.

Millennials 78

Millennials Industry Branding social media 78

NCR

JUNE 29, 2016

Coming of age during the last recession and being subjected to the barrage of headlines about financial executives misbehaving, many Millennials are distrustful of established financial brands and institutions. are in the bottom 10 of the least loved brands by Millennials. are in the bottom 10 of the least loved brands by Millennials.

Millennials 45

Millennials social media User Experience Branding 45

NCR

FEBRUARY 16, 2016

And there’s no better way to target Millennial entrepreneurs than with the technology they crave to help them in their business pursuits. More than any other generation, Millennials experience life, work and business through technology and they expect seamless interactions regardless of location.

Millennials 40

Millennials Study Retail Community Bank 40

PYMNTS

SEPTEMBER 24, 2020

The new funding is an outcropping of the Series G round unveiled in August for the firm, which is said to have helped millennials become interested in trading. Closing The Paper Check To Instant Cash Flow Gap For America’s SMBs. Closing The Paper Check To Instant Cash Flow Gap For America’s SMBs.

Company 137

Company Payments Atlanta Massachusetts 137

PYMNTS

AUGUST 17, 2017

With more consumers moving to mobile transactions over visits to branches, some banks are considering closing brick-and-mortar locations to reduce operational costs. The price of real estate is prompting even the largest players in the banking world to scale back their branch operations.

Millennials 132

Millennials Digital Banking San Francisco Fintech 132

PYMNTS

MAY 1, 2020

JPMorgan Chase and Bank of America said they processed almost 500,000 applications totaling roughly $46 billion as part of the Paycheck Protection Program intended to help small businesses that are struggling due to the coronavirus pandemic. Tradesy CEO: Millennial Women, Louboutin Shoes And Restarting The Economy.

Maine 141

Maine Millennials Payments Analysis 141

Bank Innovation

JULY 11, 2018

Unlike others such as JPMorgan Chase’s Finn, which was rolled out nationwide earlier this month, this digital bank is not catering to the general ‘millennial’ audience as is evident by its $5,000 deposit minimum. […].

Groups 225

Groups Millennials Digital Banking Operations 225

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., Clearly operating efficiency remains a priority but [so does] consumer engagement.”.

ATM 192

ATM Millennials United States Study 192

PYMNTS

MARCH 17, 2020

Yet this assumption, according to Jason Polancich, CEO of Invoia , fails to take into account the millions of SMBs throughout rural America, where many business owners — even millennial entrepreneurs — simply aren’t interested in complex technological solutions. “They have a hard time using online banking.

Millennials 168

Millennials User Experience Alabama Tools 168

PYMNTS

APRIL 13, 2017

In a press release , the companies said the combined business will operate under the GSTV brand and deliver 3.3 We celebrate a milestone today as we formally join two leading media organizations in a powerful partnership,” said Joe Mach, president of Verifone North America, in the press release.

Detroit 100

Detroit Video United States Millennials 100

PYMNTS

OCTOBER 21, 2020

The program is operable immediately. 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

DECEMBER 3, 2019

In today’s top payments news, Wells Fargo has selected former Santander head executive Scott Powell to be its new chief operating officer. operations. Wells Fargo has tapped former Santander head executive Scott Powell to be its new chief operating officer. He will also serve on the bank’s operating committee.

Fintech 132

Fintech Colorado Payments Operations 132

PYMNTS

NOVEMBER 16, 2017

It operated out of its first volunteer president’s home for its first five years before moving to a rented office in 1913, later relocating to its own building in 1930. The CU’s original rented office is now home to America’s Credit Union Museum. From Mill Workers to Millennials. Mary’s Bank,” as it is currently known.

Millennials 101

Millennials US New Hampshire Resources 101

PYMNTS

FEBRUARY 11, 2019

People seeking to go into nature will often rent cars and stay in hotels, but those he met on his tour wanted something different: They wanted to experience the open roads of North America in RVs. At that point, the borrower signs off via a digital form that they have done the walkthrough and know how to operate the vehicle.

San Francisco 219

San Francisco Millennials Miami America 219

PYMNTS

AUGUST 4, 2017

In late July, the Federal Reserve Faster Payments Task Force released its much-anticipated report on how to strengthen and operate the U.S. Additionally, she noted, that innovation must address the needs of both baby boomer and millennial consumers alike, along with the needs of smaller businesses. faster payments system.

Community Bank 116

Community Bank Community Innovation Millennials 116

PYMNTS

JUNE 21, 2018

Launched in 2014, Robinhood is a minimalist app that lets users set up an an online brokerage account, transfer funds from accounts at major banks (including Chase, Citi and Band of America) and check the prices of their stocks.

Regulation 123

Regulation Millennials California Capital 123

PYMNTS

APRIL 25, 2019

These are particularly popular among Gen Zers, the up-and-coming generation that is starting to nudge millennials out of the headlines. HSEL connects more than 1,500 high school virtual sports clubs across North America. The promotion was a success – and the latest pair-up with HSEL operates on similar logic.

Retail 166

Retail America Video Millennials 166

PYMNTS

JUNE 26, 2017

The “ 2017 HSBC Private Bank: Essence of Enterprise ” report compares populations of entrepreneurs across two different generations — those in their 20s and 30s and those who started their business in their 50s — to explore how younger small business owners prioritize their time and operate their businesses. “It

Millennials 132

Millennials Regional Report Community 132

PYMNTS

FEBRUARY 19, 2020

Kivanc Onan, head of B2B North America Financial Products for Alibaba , explained how features like lending services can help sellers get paid up front, while delivery guarantees that buyers feel more comfortable. Around The B2B eCommerce World. To find more on these and the rest of the latest headlines, download the Report.

Mobile 197

Mobile Online Payments Tools 197

PYMNTS

JANUARY 30, 2018

When Bank of America announced last week that it was terminating its free checking option for low-balance customers, a literal Tweet storm broke out. Three years later, in 2013, Bank of America stopped enrolling new customers in the program. As of today, over 25K customers have made [the] switch from Bank of America to Aspiration.”.

America 109

America Maryland FDIC Millennials 109

PYMNTS

FEBRUARY 27, 2019

But Google (and other) search algorithms have developed over the years so that search results more regularly reward strong, unique, credible content — SEO experts can attest to that — which in turn has forced eCommerce operators to up their content games. Even IKEA reportedly is reducing the print run of its 2019 catalog by 50 percent.

Retail 214

Retail Online America Millennials 214

PYMNTS

NOVEMBER 26, 2018

With the system, drivers of eligible Buick, GMC, Cadillac and Chevrolet vehicles can find gas stations and make payments at 11,000 Shell-branded fuel stations in North America from within their vehicles. Sixty-two percent of bridge millennials say that if an app is convenient, they might use it to pay at a gas station.

Marketing 153

Marketing Mobile Millennials United States 153

PYMNTS

MAY 4, 2017

Earlier this year, Bank of America became the first major financial institution to introduce Early Warning’s Zelle into its mobile app as a way to compete with Venmo in the P2P space. While other services, including Zelle and Splitwise, allow users to divvy up expenses, they lack a social media element that millennials have come to enjoy.

social media 104

social media Payments Millennials Mobile 104

PYMNTS

JUNE 7, 2018

Community banking can be one of the most rewarding and most challenging areas of financial services in which to work — that’s the view, anyway, of Rebeca Romero Rainey, president and CEO of Independent Community Bankers of America (ICBA) , who recently joined the nation’s leading advocacy organization that exclusively represents community banks.

Community Bank 157

Community Bank Community Millennials Regulation 157

PYMNTS

FEBRUARY 20, 2019

Chime plans to use Pinch’s background in credit building and management to offer its largely millennial user base the tools to help improve their credit scores and plan for major purchases. 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

APRIL 11, 2016

Research also uncovered gaps in how businesses interact with innovative tools depending on who’s using it — financial executive versus corporate traveler and even millennial business owner versus Baby Boomer. Now, it includes participants like Bank of China, Bank of America, BNP Paribas, Citi, JPMorgan Chase and Royal Bank of Canada.

Millennials 100

Millennials Software social media Cards 100

PYMNTS

FEBRUARY 20, 2019

N26 operates in a growing marketplace with a handful of companies launching app-only banking or banking-like services. Most of them are competing for the business of millennials, who are used to conducting all sorts of transactions from their mobile devices. “I The deal also marked Tencent’s debut in Latin America’s largest economy.

Mobile 129

Mobile America Fintech Capital 129

PYMNTS

AUGUST 21, 2018

A driver running low on fuel could find one of 11,000 Shell stations in North America with the Marketplace platform, and start the payment process upon pulling up to a pump. Chevron, which operates approximately 8,000 gas stations in the U.S. Millennial Promise. You just have to set it up once.”. million more downloads annually.

Payments 116

Payments Millennials Study Mobile 116

PYMNTS

JANUARY 17, 2019

L’Occitane said the acquisition of the Elemis brand — which is popular with millennials and Generation X consumers — is intended to strengthen its global growth as it expands its market, particularly in Asia where high-end skincare is a rapidly growing area of interest and spend for consumers. billion euros ($2.5 The firm reported 1.3

Branding 123

Branding Regional Retail New York 123

PYMNTS

FEBRUARY 27, 2018

In all, it operates in 400 cities in North America and reveals all the choices a consumer has for a ride — giving exposure to smaller rideshares, as well as Uber and Lyft. Whipster seeks to serve a variety of riders, including millennials who’re looking for a new way to get around cities. They don’t want cars.

Tampa 103

Tampa Millennials San Diego Illinois 103

PYMNTS

MAY 14, 2018

Consumers – particularly millennials – are driving less and buying fewer cars; the age of the internal combustion engine is coming to an end in favor of electric vehicles; and, of course, vehicles as we know them are soon to be replaced by self-driving software platforms that we will call “cars” mostly out of nostalgia.

Millennials 101

Millennials Operations Mobile Cards 101

Gonzobanker

AUGUST 10, 2023

The chart below illustrates just how fundamental this workplace shift has been in America. Interestingly, Entrepreneur Magazine reported that while millennials and Gen Z clearly crave some remote work, they also report higher burnout due to the lack of social contact in remote work.

Leadership 140

Leadership Training Meeting Michigan 140

PYMNTS

AUGUST 16, 2018

Here’s what’s happening: The technology enables certain drivers of eligible Chevrolet, Buick, GMC and Cadillac vehicles to find their preferred gas stations and initiate in-vehicle payments for fuel purchases made at some 11,000 Shell-branded fuel stations in North America. But the situation changes when talking about younger consumers.

Millennials 102

Millennials Mobile Payments Survey 102

PYMNTS

MAY 24, 2018

You don’t have to fill retail with retail anymore,” remarked Greg Maloney, head of JLL’s America retail business, at the event. Catering to the demands of millennials and Gen Z, brands are putting more emphasis on values such as authenticity, community and supporting social causes. Simon, the major U.S.

Retail 103

Retail Las Vegas Millennials America 103

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

OCTOBER 11, 2019

All of this means that payments, commerce and travel platform operations must work hard to keep up and gain — and retain — their edge. It’s an option especially attractive to millennials and younger demographics,” Sutter said. After all, in Colonial America , travelers needed a place to sleep.

Course 124

Course Payments Innovation Tools 124

PYMNTS

JANUARY 29, 2018

In bridging the gap between what they have – in terms of technology – and what they would like to have in solving cross-border challenges, Sawrup said that with today’s offerings, “especially with the emergence of API technologies,” businesses are using that connectivity to drive their operations toward real-time payments functionality.

Payments 134

Payments blockchain Maine Examples 134