PYMNTS

APRIL 7, 2020

market for retail credit was largely occupied by store-branded cards and revolving credit accounts. But as millennials’ and Gen Z consumers’ enthusiasm for store cards has cooled, a host of startups have stepped into the market to offer installment financing at the point of sale (POS) as an alternative product.

Marketing 138

Marketing Branding Millennials Retail 138

PYMNTS

DECEMBER 20, 2019

The customer would then pay off the purchase over the course of a few weeks or months until the full purchase price had been paid. but after almost 50 years, it began to fade out in the 80s, disrupted by the emergence of store-branded credit cards. After its birth in the 1930s, layaway had a long run in the U.S.,

Millennials 137

Millennials Retail Tools Branding 137

PYMNTS

FEBRUARY 6, 2020

What brand doesn’t want to sit next to Beyonce or Kim at a fashion show? “I I see a couple of reasons why so many retailers have such a focus on fashion, and I do think that the primary reason is, of course, that’s where so many of our consumers show where they spend their disposable income,” Sykes said. “But

Retail 142

Retail New York Branding Millennials 142

PYMNTS

DECEMBER 9, 2019

This is especially true when attitudes toward holiday payment standbys like credit cards rapidly change between generations. The goal is not to wholly replace credit but to find methods that connect with credit- or debt-shy consumers during the holidays, noted Nick Kaplan, president of fashion brand Fashion To Figure.

Millennials 131

Millennials Branding Retail Payments 131

PYMNTS

JANUARY 8, 2019

As a pure-play digital bank, Chime offers as its primary product an entirely mobile/digital banking application that gives customers access to a network-branded debit card and a savings account. The brand has been popular with young professionals. The firm was valued at $500 million as of its last funding round. ”

Digital Banking 160

Digital Banking Tools Cards Millennials 160

PYMNTS

JANUARY 9, 2020

Issuers sent cards to consumers and providers sent point-of-sale (POS) devices and terminals to merchants. Attendees will learn that younger generations – Generation Zers and millennials among them, who wield significant (and growing) spending power – care more about payment flexibility (and options) than merchants might realize.

Payments 151

Payments Case Study User Experience Millennials 151

PYMNTS

FEBRUARY 18, 2019

I hosted a digital discussion last week with an executive from Sift with more than 15 years of experience building trust and safety organizations for some of the biggest digital brands in the world – including Google , Facebook and Square. own voice-activated speakers, as do more than a third of the 30- to 40-year-old bridge millennials.

Cards 169

Cards Course Study New York 169

PYMNTS

NOVEMBER 2, 2020

“ Membership has its privileges ” was the nine-year ad campaign launched by American Express in 1987 to persuade consumers that it was worth it to pay an annual fee for one of its charge card products. As the slogan implied, being an American Express card member was the only way to unlock those benefits. Those are the 47 million U.S.

Millennials 246

Millennials Retail Online Report 246

BankBazaar

JULY 30, 2019

Now, when you’re picking up jeans, you’re mostly looking for something durable, and the most durable ones are from renowned brands. Now, these brands may charge more than their local counterparts for a pair of jeans, but that doesn’t mean you choose the latter and call it ‘saving’. By Choosing The Right Credit Card.

Cards 109

Cards Branding Millennials Management 109

PYMNTS

NOVEMBER 11, 2016

But there was no clear branding on any of them unless you were in on the reference. Spectacles will be sold by Snapbots: vending machines with a digital display that Snapchat will use as the product’s only means of distribution (that is, of course, until the resellers get involved). And just what are Spectacles?

Millennials 143

Millennials Video Retail Regional 143

PYMNTS

MAY 25, 2018

Following the quarterly check-in with parent firm L Brands , which also owns Bath & Body Works and the youth-oriented PINK lingerie brand, the reviews have not been kind. L Brands slashed its earnings estimates by 8 percent. For fiscal 2018, L Brands now expects earnings per share to fall within a range of $2.70

Branding 108

Branding Retail Cards Online 108

PYMNTS

MARCH 8, 2018

Because, of course, loyalty is the gift that keeps on giving, that keeps dollars coming into registers, virtual ones (and the real ones), and represents a return on investment that can be rather outsized. What I find fascinating,” she said, “is the way consumers define themselves by the brands that they really are loyal to.

Payments 102

Payments Branding Data Big Data 102

Abrigo

APRIL 29, 2015

The score: If your online presence could use an overhaul, take action and check off the relevant boxes, ensuring that your site not only accurately reflects the work that you do, but also your firm’s brand. Generation X and Millennials increasingly supplement their online research with social media searches.

social media 150

social media Online Millennials Branding 150

PYMNTS

FEBRUARY 11, 2019

The youngest of the bridge millennials – those 30- to 40-year-olds who today represent the first generation of connected consumers with spending power – will be having their mid-life crises at the age of 50. Consumers won’t be walking up to a cashier after standing in a checkout line to swipe a card when they visit a store.

Online 197

Online Retail Mobile Branding 197

PYMNTS

DECEMBER 26, 2019

They join a long list of once massive brands that have fallen to the reformation around digital and omnichannel shopping habits — Sears, Toys R Us, Borders, Sports Authority, Radio Shack. . There is no crystal ball, of course, but a lot of interesting pokers in the fire. More growth, of course. The goal for next year?

Retail 135

Retail Branding Course Charlotte 135

PYMNTS

FEBRUARY 1, 2019

He added, though, that Venmo Card and Pay with Venmo are also “growing really, really nicely,” and that the “commerce side of Venmo” is gaining traction, including food delivery transactions that involve Grubhub and Uber Eats. Any merchant that accepts Mastercard payments can accept the Venmo cards. Zelle Bank Gains.

Cards 179

Cards Payments Mobile Operations 179

PYMNTS

JUNE 25, 2018

But beautiful produce, nibbles and cool playlists aside, over the course of those 17 years I’ve shopped at Whole Foods, I never downloaded their app. As a long-time Whole Foods customer, I know, like and trust the Whole Foods brand and the quality of the products they carry in-store. As one of the 90 million U.S.

Retail 156

Retail Branding Millennials Online 156

PYMNTS

JULY 21, 2017

His best-known effort — and a very clear entry into the “win” column — is, of course, as part of the founding team at PayPal. Sixty percent of Americans fear credit cards,” Levchin noted. For people who live on the coasts, a credit card is an API access to money. Broken by the Numbers. A third fear they will overspend.

Retail 111

Retail San Francisco Cards Conference 111

PYMNTS

JULY 21, 2017

Finance said this past week that a third of card payments were done the contactless way, and this was up 18 percent year on year to 4.5 Given that the debit and credit card share of total retail sales is at 77 percent, acceleration in contactless may be in the (virtual) cards. billion pounds.

Millennials 100

Millennials Mobile Branding Retail 100

PYMNTS

OCTOBER 23, 2018

Sending a paper statement to a millennial or leaving a voicemail is about as useless as a hamburger driving a vehicle,” Max Tselevich, CEO of The Doctor, a medical services management company, recently told a healthcare reporter. One is including a phone number via which the patient can reach a live person to ask questions.

blockchain 173

blockchain Study Case Study Fraud 173

PYMNTS

FEBRUARY 15, 2018

” The upgrade included an “Add-to-Card” feature designed to allow customers to digitally select and save coupons directly to their membership cards, so discounts can automatically be applied at checkout. Of course, lots of retailers have been speculated on as a buy for Boxed; Amazon and Kroger have also been mentioned.

Leadership 109

Leadership Mobile Massachusetts Retail 109

PYMNTS

FEBRUARY 20, 2018

Revolving outstanding credit, made up primarily of credit cards, increased at a 13.3 Credit Card Troubles. The overall picture for credit card debt going into 2018 reflects a consumer in stress — a rising number of late payments and defaults than in year’s past and over a far greater diversity of lenders. percent annually.

Lending 105

Lending Cards America New York 105

Insights on Business

FEBRUARY 27, 2019

To ensure success in 2025, however, the focus should be on customers who use newer models in digital channels: Generation Y, Z, and Alpha, too—the children of millennials. Use case: Focus on the millennial market with mobile. And people in China prefer this app over their plastic cards. With no card, there is no brand intimacy.

Customer Experience 107

Customer Experience Mobile Millennials Examples 107

PYMNTS

FEBRUARY 7, 2017

Of Merchant Link’s own client base, Carcillo said half are brand-name businesses, while the other half are smaller businesses, storefronts or franchisees. There’s a demographic push at work here, too, said Carcillo, which he defined as “millennial consumer groups.”. He said the firm is seeing across-the-board adoption of EMV.

Data 100

Data Samsung Millennials Analysis 100

PYMNTS

JULY 16, 2018

The biggest driver for the connected car, said Frieden, is recognizing the importance of the millennial market and the technologically-enabled ways that millennials buy what they need. “So, So, if we look at millennials,” he said, “they have $400 billion in buying power today. trillion.”. “We

Millennials 109

Millennials Boston Retail Mobile 109

PYMNTS

AUGUST 6, 2018

And before there was Chase, there was LevelUp, the branded mobile payments platform that used those same cube-shaped readers to enable QR code payments at the physical POS for consumers with the LevelUp app. Brands franchisees who are now being asked to get on board the Grubhub delivery platform. In February of 2018, Yum!

Online 125

Online Branding Mobile Millennials 125

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. Of course, these are on Android phones, too. 25-31, 2020.

Apple 227

Apple Study Innovation Survey 227

PYMNTS

FEBRUARY 6, 2018

In another commercial , a spokesperson proclaimed, “It’s a brand-new concept: You shop at a modern supermarket with wild warehouse prices,” as the slogan “wild warehouse prices” flashed across the screen. If Amazon does end up acquiring Boxed, perhaps the new Costco card will be an Amazon Prime membership.

New Jersey 100

New Jersey Las Vegas Retail Dallas 100

PYMNTS

APRIL 13, 2018

Retail’s outlook, on the other hand – particularly for large, legacy brands like Sears – is predicted to have a bit more darkness left before its dawn. There is, of course, a lot of 2018 left, and the retail picture in the U.S. A full-fledged nod, finally, to gathering speed at the POS – and how much millennials hate cursive.

Retail 116

Retail Course Washington Marketing 116

PYMNTS

JUNE 14, 2018

At the end of the ride, neither the driver nor the rider wanted to be responsible for giving, receiving or holding onto the kind of personal information needed for a credit card transaction or a digital peer-to-peer (P2P) transfer. And, of course, there’s the sheer task of getting it to work in all those different cross-border environments.

Tools 118

Tools Virginia Cards Payments 118

PYMNTS

JANUARY 19, 2017

As more brands begin to catch on to the growing popularity of the pay-as-you-go lifestyle of many consumers — who, at an increasing rate, are enjoying the convenience that comes with putting off the decision to own — the subscription commerce landscape is impacting new industries in some very unique ways. The risk is too great,” he noted.

Branding 100

Branding Millennials Course Examples 100

NCR

FEBRUARY 17, 2017

That includes growth areas like mobile banking, of course, but also covers traditional cornerstones of retail banking like the ATM. 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.

ATM 85

ATM Mobile Strategy Fraud 85

PYMNTS

DECEMBER 19, 2016

While they enjoy many FinTech innovations, most millennials don’t have a snowball’s chance of earning more than their parents — ever. It’s one thing for the millennial offspring of the billionaire hedge-fund scions to fall short of making a billion because they only manage to pull down $760 million a year. It’s a fact. population.

Millennials 100

Millennials Fintech Cards Groups 100

Independent Banker

OCTOBER 29, 2014

A consensus says that the future banking customer relationships—particularly for millennial consumers—will orbit to one degree or another around mobile technology. Consumers still overwhelmingly rely on credit and debit cards and cash for payments and will for some time, even if a chip on the smartphone replaces plastic cards.

Mobile 105

Mobile Community Bank Community Technology 105

PYMNTS

APRIL 11, 2016

It’s not as if a person making the request for a tissue, pain reliever or bandage was specifically asking for a Kleenex, Bayer Aspirin or Band-Aid brand item. But, over many decades, these three brand names achieved such dominance in their categories that they became the most natural way for people to refer to all products in that category.

San Francisco 100

San Francisco Operations Examples Branding 100

PYMNTS

JUNE 29, 2020

When Bolun Li was in high school, a local bank came in and offered a heavily branded PowerPoint presentation about financial services and money management to students who reacted pretty much the way one would expect. Then get enough pineapples to receive a low-value gift card as a reward. Gamifying Financial Education. What’s Next?

Millennials 263

Millennials Taxes Cards Fintech 263

PYMNTS

JULY 11, 2016

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. All you millennials out there, ask your parents what they used to do as teenagers on Saturday afternoons. Facebook is one such platform.

Google 100

Google Mobile Apple Online 100