PYMNTS

APRIL 24, 2017

The long-suffering team at American Express has a new headache to handle — losing the love of those millennial customers. and yes, this looks like card data breach. For a time, it seemed as though the brand might be going public, but plans have apparently changed in light of the changing state of brick-and-mortar retail in the U.S.

Millennials 109

Millennials Cards New York Branding 109

PYMNTS

DECEMBER 11, 2020

Capital One Halts BNPL Transactions On Its Credit Cards. Capital One Financial Corp is putting a stop to buy now, pay later (BNPL) transactions on its credit cards, calling the dealings “ risky ,” for both consumers and banks. Report: Millennials, Buy Now Pay Later And The Shifting Dynamics Of Online Credit.

Trends 175

Trends Fraud Millennials Community Bank 175

PYMNTS

FEBRUARY 14, 2020

Afterpay went for its IPO about nine months after its first-ever capital raise. We went public when we had about 100 retailers signed on and 30,000 customers, so really early in the process. CEO Nick Molnar told Karen Webster, the landscape was not quite the same.

Millennials 159

Millennials Retail Management US 159

South State Correspondent

AUGUST 16, 2023

Home equity lines of credit (HELOCs) and bank card usage are up 24% and 17%, respectively. Capital rotation is to HELOCs and away from autos. Within autos, the capital rotation is for new cars over used cars. Consumer Credit – Cards There is a shift of capital occurring to the prime tiers of cardholders.

Trends 195

Trends Cards Capital Data 195

PYMNTS

OCTOBER 7, 2019

With the app, Affirm users can shop at almost any retailer by creating a onetime-use virtual card instead of being limited to shops that have Affirm integrated at checkout. . Affirm says that 67 percent of consumers are looking to avoid credit cards this holiday season. . It also has raised $1.03

Payments 139

Payments Millennials Retail Cards 139

PYMNTS

JULY 14, 2020

It is expected to be available in retail stores this month. “As we enter the second half of the year and retail re-emerges across the world, it’s critical we help our partners drive business growth, both online and offline,” said Nick Molnar , Afterpay Co-Founder and U.S. . CEO, in a statement.

Google 151

Google Apple Retail Millennials 151

PYMNTS

NOVEMBER 6, 2020

Membership has its privileges ” was the nine-year marketing campaign rolled out by American Express in 1987 to convince consumers that it was worth paying a yearly fee for one of its charge card offerings. Millennials Drive More to Faster Payments . Data Analytics Changes the Working Capital Management Paradigm.

Online 148

Online Payments Millennials Apple 148

PYMNTS

JULY 14, 2020

Given the ongoing impacts from COVID-19 and the uncertain global economic conditions, we have continued to focus on preserving capital and maintaining a strong balance sheet.”. In February, Molnar told PYMNTS why Afterpay went public nine months after its first-ever capital raise. “We Total sales were $11.1

Millennials 188

Millennials Capital Trends Report 188

Bank Innovation

MAY 16, 2019

KOHO, with its millennial friendly aesthetic and messaging, currently offers its users debit cards, personal finance management tools and cashback features. KOHO, a Toronto-based digital banking startup, has raised C$42 million (US$31 million) in a Series B round to add new products and services.

Millennials 186

Millennials Digital Banking Tools Innovation 186

PYMNTS

OCTOBER 28, 2016

What about gift cards? Research says millennials love gift cards , so that may be a way to create a budding bitcoin trend. But other research says to forget millennials and focus on ourselves, as many of us enjoy buying eGift cards for me, myself and I — and, sometimes, you. Just like cash.

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Bitcoin ATM Cards Los Angeles 100

PYMNTS

DECEMBER 22, 2020

The overall cautiousness and sense of financial prudence, he said, can be seen in the fact that consumers are embracing debit transactions over credit, using cash on hand rather than choosing to build their liabilities on a credit card. That's what the millennial and younger consumer prefer to use.”.

Cards 308

Cards Maine Millennials Course 308

Payments Source

MARCH 29, 2018

Amazon.com has millennial shoppers nailed down. But one group of potential customers has eluded the world's biggest internet retailer: teenagers. And their parents. And most of their grandparents.

Millennials 65

Millennials Cards Groups Retail 65

CB Insights

OCTOBER 10, 2018

Startups targeting retail and commercial banking have been emerging globally, spurred by favorable tech regulations, an uptick in mobile adoption, and shifting customer demographics. This year in the US, JP Morgan launched mobile banking app Finn and Goldman Sachs’ retail banking arm Marcus crossed 1.5M savings accounts. Key takeaways.

Retail 78

Retail Cards Millennials Mobile 78

Bank Innovation

MAY 1, 2016

Robinhood: On Target Launched in December 2014, Robinhood is a zero-fee stock trading app that quickly gained popularity among financially ambitious millennials. Robinhood was paid the enormous compliment of having “cracked the millennial code” by none other than Jay Sidhu, CEO of Customers Bank and founder of BankMobile.

Millennials 240

Millennials social media Operations Cards 240

PYMNTS

DECEMBER 20, 2016

This sentiment carries as consumer confidence is at a nine-year high , translating to higher spending, which retailers certainly appreciate: Cyber Monday clicked past $3.45 Capital One just release the results of its first Credit Confidence Study of 2,300 people who are new to establishing credit, building or rebuilding their scores.

Study 100

Study social media Capital Millennials 100

PYMNTS

MAY 28, 2019

The company previously raised $111 million in venture funding from Accel, Bessemer Venture Partners, Square Peg Capital, Qumra Capital and others. The company integrated GO-PAY into the GO-JEK app, which lets customers store money on their mobile phones, much like a digital debit card. Just under $3 billion – or $2.7

Apple 159

Apple Mobile Fraud Branding 159

PYMNTS

MAY 16, 2019

For payments, the company accepts credit cards, debit cards and Affirm for financing (although Blazona says the majority of business is credit card-related). While sofas may look the same from one online retailer to another, it’s what under the hood that matters, he said. The company also offers a 100-day return policy.)

Branding 134

Branding Cards Retail Millennials 134

PYMNTS

MARCH 30, 2018

Amazon , setting its sights on Gen Z and millennials, is in initial talks with numerous banks, including JPMorgan Chase and Capital One , to create a product that can enable these credit card-averse shoppers to purchase things on its eCommerce site.

Millennials 100

Millennials Cards Branding Online 100

PYMNTS

APRIL 13, 2019

Better algorithms , visual search tools and concierge services are just a handful of the ways retailers young and old are attempting to ensure customers get the “right” products. If Mercury is in retrograde, should we let that affect our retail choices? million in venture capital, assisted by Lorne Michaels’ incubator.

Millennials 136

Millennials Retail New York City Branding 136

PYMNTS

MAY 28, 2019

Much thought is given to millennials and even Generation Z — consumers who were born during fixed periods of time, and who are having an increasing impact on payments and commerce. But let’s not forget the role of the teenager in digital retail, financial services and transactions. million in fresh capital. Retail and Teenagers.

Digital Banking 139

Digital Banking Google Mobile Groups 139

PYMNTS

JANUARY 24, 2020

The integration of the most popular brands of Macy’s into the 100,000+ assortment of gift cards, gifts and cash funds will make it easier for couples to register for everything on one place on Zola, according to an announcement. The merchant was opening SoGifted shops in its flagship Manhattan store as well as six other locations.

Branding 101

Branding Millennials Capital Innovation 101

PYMNTS

OCTOBER 15, 2018

These delivery people would come in with a debit card to pick up an order — and, at first, my hostesses and wait staff were asking ‘what is Postmates?’” Last month, the firm announced it had raised $10 million in a Series A funding round, led by Alphabet ’s venture capital arm GV.

Millennials 145

Millennials Branding Online Retail 145

PYMNTS

SEPTEMBER 6, 2019

The company is also playing in one of the hottest areas of retail, and a space unique for the flower business — subscription commerce. The overall $100 billion global flower industry — despite all those eCommerce platforms — is not exactly the most tech-heavy space in retail. After all, flowers are not just for special events.

Millennials 108

Millennials Course Industry Operations 108

PYMNTS

AUGUST 22, 2019

To join, consumers link their spending method(s) (credit cards, debit cards, digital wallets) of choice to their Drop accounts. The idea behind drop is to build a system that actually works for consumers and create a rewards-based marketing channel for brands and retailers that actually makes sense and achieves what it is supposed to.

social media 101

social media Branding Millennials Bitcoin 101

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. Launched in 2014 as the firm’s lending arm, Square Capital has extended over $1 billion in working capital to over 100,000 small merchants. So, how has Square shaped payments and what’s next? In the U.S.,

Apple 110

Apple Capital Cards Payments 110

PYMNTS

SEPTEMBER 14, 2016

Here are some of the other big winners and losers of the retail game at the moment. Millennials don’t seem to be feeling Banana Republic any longer, according to a study by RBC Capital Markets. Forty-eight percent of millennials polled said they disliked the chain, compared to only 22 percent who said they liked it.

Los Angeles 100

Los Angeles Apple Millennials Retail 100

PYMNTS

APRIL 4, 2019

And by all accounts, this digital migration is driven by consumer preference — according to the same study, 91 percent of mobile banking users prefer accessing their app over going to a physical branch, and 68 percent of mobile banking millennials believe their smartphones will eventually replace their physical wallet.

Mobile 169

Mobile Study Security social media 169

PYMNTS

NOVEMBER 10, 2016

Like many other big players in the physical retail space, the company is pushing hard in holiday 2016. And Target is clearly not just opening on Black Friday — it is thinking about its core shoppers and how to capitalize on who they are and perhaps expand their ranks. Young With Expendable Cash . Probably not a bad opening play.

Course 145

Course Groups Online Trends 145

Independent Banker

NOVEMBER 25, 2015

“We are going to have to lean into this digitized world, so that we can continue to serve our customers well into the 21st century,” ICBA President and CEO Cam Fine told the 24th World Congress of Savings and Retail Banks in Washington, D.C., Now it has a small-business financing program, Square Capital.

Community Bank 70

Community Bank Community Analytics Lending 70

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

PYMNTS

DECEMBER 27, 2019

Among the common themes to emerge: Change will come to the point of sale (POS), moved by the continued pivot to contactless ways to pay — and the demographic change that will bring the mighty millennial more buying power. Behind Sysco’s Spend Management Switch To Cards. Colombia Blocks Uber From Using Its Ride-Hailing App.

Taxes 101

Taxes Mobile Management blockchain 101

PYMNTS

JULY 13, 2016

Brick-and-mortar retail will forever remember the day that Nintendo released Pokémon GO , a mobile game that has caused millions of millennials to suddenly discover outside again. However, some retailers prefer to play cards of the kind as close to the corporate chest as possible. billion acquisition of Home Retail Group.

California 100

California St. Louis Retail Branding 100

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

FICO

DECEMBER 19, 2018

As far as industry predictions go, perhaps surprisingly, one of mine actually came true: “ 2018 will be the beginning of the end for physical credit cards. However, their functionality will become even more omnipresent in our lives as more cards migrate to consumers’ mobile phones.”. Best wishes for a cashless 2019!

Fraud 80

Fraud Payments Mobile Cards 80

PYMNTS

APRIL 27, 2016

There are issues of transaction security, criminal elements, tax evasion, free flow of capital, access to goods and services and the ability to fully participate in the global economy. adults still prefer to use cash for purchases under $5, while 22 percent use debit cards and 11 percent use credit cards.

Taxes 100

Taxes Colorado Alaska Cards 100

Celent Banking

OCTOBER 10, 2016

There was an impressive list of experts from institutions such as JPMC, Barclays, Citibank, BNP Paribas, the Federal Reserve, USAA, Capital One, BBVA, and Moven, among others. While the system is safer than traditional cards, the perception that it’s less safe is keeping many users from adopting it.

Mobile 100

Mobile Payments Apple Samsung 100

PYMNTS

JUNE 12, 2017

And while she ultimately decided not to let food delivery startups (and the venture capital backers) pick up the dinner tab for a year, it seems an ever-increasing number of consumers are electing to have their groceries not only delivered but also premeasured and sent along with a recipe card.

San Francisco 102

San Francisco Branding Retail Marketing 102