PYMNTS

AUGUST 13, 2019

In June, Costco launched a revamped digital membership app that allows members to use its mobile device rather than flashing a physical card upon entry and during checkout. Most consumers are unwilling to download and use more than a few of these apps, with 63.4 percent reporting they have downloaded none. Convenient?

Retail 181

Retail Millennials Mobile Payments 181

PYMNTS

NOVEMBER 20, 2020

Loyalty and rewards programs have long been a common way for banks to persuade consumers to sign up for and use their credit and debit cards, but a surprisingly few number of cardholders say they are offered the types of rewards programs they really want. percent of credit card holders and 3.1 percent of credit card holders and 1.5

Data 175

Data Millennials Cards Report 175

PYMNTS

JUNE 16, 2016

A lot of fuss is made over millennials and their proclivities toward things being easy. So, when it comes to something like digital banking , it’s not so much about finding what’s easy as it is about finding what service best meets millennials’ needs. Millennials to big banks: No thanks ….

Millennials 100

Millennials Mobile Digital Banking US 100

PYMNTS

JUNE 9, 2020

The alternate payment company said the offering is available through its app, which users can download from the Google Play Store or App Store. Affirm said that millennials and Generation Z comprise more than half of Affirm’s user base and are “especially suspicious of the fine print and hidden fees linked with traditional banking services.”

FDIC 151

FDIC Millennials Google Payments 151

PYMNTS

JUNE 1, 2020

Capturing and then enabling card-on-file payments when consumers buy the products or services they consume in the physical world. Part of that includes reminding consumers to use their contactless cards when they check out in their stores (if they have one) or their mobile wallets (if they choose). Uber and Starbucks pioneered it.

Cards 147

Cards Study Maine Payments 147

CB Insights

DECEMBER 9, 2020

Affirm wants to disrupt the credit card business, a notoriously opaque realm of consumer finance. As the millennial and Gen Z demographics look for more consumer-friendly alternatives, companies like Affirm are vying for attention from both shoppers and merchants. Download the free report to see where big banks are placing bets.

San Francisco 68

San Francisco Cards Millennials Fintech 68

PYMNTS

APRIL 3, 2020

Just 33 percent of millennials carry credit cards, for example, but this demographic and Generation Z combine to make up the largest BNPL market user base. It is well on its way to replacing credit cards, however, with approximately half of the country’s BNPL users reporting they have already stopped using their cards.

Exercises 165

Exercises Payments Millennials Cards 165

PYMNTS

FEBRUARY 20, 2020

Yet, what if these companies extended their presence into banking by offering accounts that improved the way consumers use and manage their credit cards and debit accounts? This represents roughly $2 trillion in annual credit and debit card volumes. Among Bridge Millennials (between 30 and 40 years old), 41.1 In fact, 24.3

Cards 146

Cards Data Management Mobile 146

PYMNTS

JULY 1, 2020

consumers who have at least one credit or debit card and mobile device revealed that 24 percent would be “very” or “extremely” likely to switch to the new generation of banking. This “better app” would also offer transaction confirmations and alerts, card location controls and the ability to track and redeem rewards. .

Survey 183

Survey Cards Millennials ATM 183

PYMNTS

JANUARY 14, 2020

For its part, Venmo now has an option to transfer money to the bank without a debit card for the same fee. And there is a credit card angle, too, which will apply to dealing with Gen Z users of P2P going forward. Most of these P2P players still allow consumers to use credit cards to fund these transfers,” he said.

Innovation 160

Innovation Payments Millennials Cards 160

PYMNTS

NOVEMBER 30, 2020

consumers who own internet-connected devices and who use their credit or debit cards at least monthly. We examined their willingness to share their locations with their card issuers as well as whether they would be willing to switch to FIs that leveraged geolocation tools to thwart fraud. For more insights, download the report.

Fraud 171

Fraud Data social media Millennials 171

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. Out are the devices that connect to the internet but only do one thing – fitness trackers that only track vital stats or eReaders that only download content, for example.

Millennials 222

Millennials Study Course Trends 222

PYMNTS

DECEMBER 31, 2019

shoppers “finally [beginning] to embrace mobile payments and contactless cards to pay in-store.”. That shift will be driven, in part, by more card issuance from banks, said Garg. Fagan predicted that contactless card adoption will also spur mobile wallet use. Here Come The Millennials.

eBook 170

eBook Millennials Cards Survey 170

PYMNTS

MARCH 30, 2020

Debit cardholders often choose this payment method because it is more secure than carrying cash — which cannot be recovered if lost — and may safeguard them against spending more than they have, which is not the case with credit cards. Rising generations show a keen interest in debit cards, according to a new report.

Cards 165

Cards Security cryptocurrency Payments 165

Jack Henry

JUNE 26, 2019

I am half Gen X and half Millennial in my habits. I am notorious for downloading the app for every restaurant, gas station, movie theatre, hotel, airline, etc. And yes, I have an app for each of my credit cards and my bank. OK … let me begin by identifying myself. Let’s just say borderline on the age. Yes, I am that guy.

Digital Banking 84

Digital Banking Millennials Cards Company 84

PYMNTS

FEBRUARY 7, 2020

The no-interest, no-fee nature of these solutions intrigues consumers — especially the millennial and Generation Z demographics — searching for alternative payment methods that can grant them further flexibility and convenience while shopping. Around The Buy Now, Pay Later World.

Industry 167

Industry Millennials Retail Mobile 167

PYMNTS

MAY 12, 2020

There was a time when consumers did not require much more from their local bank than a checking account, savings account and an ATM card. Consumers are paying with credit and debit cards more than ever before, and they are increasingly looking to their smartphones to gain greater control over how they spend and manage their money.

Regional 241

Regional National Cards Mobile 241

PYMNTS

DECEMBER 6, 2019

The solutions help SMBs compensate international gig workers through credit cards, digital checks and local bank transfers. Download the Tracker to read the Feature Story. Deep Dive: Redesigning Corporate Payments For Gen Z And Millennial Consumers. that wish to pay overseas contract workers.

Tools 186

Tools Payments Millennials Strategy 186

PYMNTS

NOVEMBER 27, 2017

It’s time to shift gears when it comes to a commonly held perception about millennials and vehicle ownership. After years of believing millennials were disavowing the practice, recent studies indicate the millennial generation is kicking the tires on the concept of owning or leasing their own set of wheels after all.

Trends 120

Trends Mobile Millennials Payments 120

PYMNTS

AUGUST 4, 2016

Meanwhile, Samsung is tackling the African market ahead of Apple and Android, and Google announces a way to avoid app downloads. Riders with NFC-enabled mobile phones will be able to download the EASY Card, and for those without NFC-enabled phones, the app will provide a display-generated ticket and one with a bar code.

Samsung 100

Samsung Google Mobile Millennials 100

NCR

FEBRUARY 17, 2016

Millennials are broke, burdened with too many college loans and living in their parents’ basements. In fact, Millennials ( who most define as those born between 1980 and the mid 2000s) contribute $1.3 In fact, Millennials ( who most define as those born between 1980 and the mid 2000s) contribute $1.3

Millennials 40

Millennials Study Mobile Training 40

CB Insights

JULY 25, 2019

Fintech is often associated with digital tools targeted at tech-savvy millennials. Download the free report to find out how fintech is shaping the future of wealth management and investing. Download the free report for all the details. Another service being offered to help prevent elder financial abuse is controlled cards.

Millennials 73

Millennials Fintech Tools Fraud 73

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. million more downloads annually.

Payments 116

Payments Millennials Study Mobile 116

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

MARCH 10, 2020

Between 2018 and 2019, there was a 162 percent increase in buy now, pay later (BNPL) downloads – rising to roughly six million – of the most popular new “layaway” apps by the close of last year. Many are leaving credit behind, with approximately 40 percent of millennials fearing credit card debt,” the report states.

Case Study 135

Case Study Retail Millennials Branding 135

PYMNTS

AUGUST 4, 2017

Additionally, she noted, that innovation must address the needs of both baby boomer and millennial consumers alike, along with the needs of smaller businesses. It’s not just millennials using these services,” she said, noting that access to digital services is appealing to most age groups. When ‘Wait And See’ Won’t Cut It Anymore.

Community Bank 116

Community Bank Community Innovation Millennials 116

PYMNTS

AUGUST 18, 2017

In Australia, cash and card-based payments have long been playing tug-of-war. In 2017, however, the balance seems to be tilting away from cash with contactless card-based payments powering close to a third of POS transactions. To read the story and check out the complete Australia cash analysis, download the report.

Report 100

Report ATM Analysis Cards 100

PYMNTS

OCTOBER 4, 2017

Whether it’s summoning a ride, checking information or downloading music or media, the expected wait time is seconds, not hour or days. Newer FinTech-backed P2P payments services like Venmo and Square Cash have caught on with millennial consumers in particular. When today’s consumers need something, they expect to get it right away.

Report 101

Report Millennials Payments Trends 101

PYMNTS

MAY 4, 2017

Be it an Uber ride, a music or video download or access to banking services, consumers expect instant gratification. 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. A 3 percent fee is applied to credit card transactions.

social media 104

social media Payments Millennials Mobile 104

PYMNTS

NOVEMBER 13, 2019

As Vladic told PYMNTS, the days of consumers visiting websites, calling 800 numbers and waiting on hold for seven minutes, entering an alt ID phone number so they can be rewarded for spending with a plastic card are over. He noted that card-linked and merchant-funded offers had been a staple of retail for more than a decade.

Millennials 118

Millennials social media Retail Cards 118

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. To find more on these and the rest of the latest headlines, download the Report. However, the transition into eCommerce is not without challenges.

Mobile 197

Mobile Online Payments Tools 197

PYMNTS

NOVEMBER 26, 2018

The GM Marketplace platform provides the navigation and payment features, and has been downloaded some three million times since its launch. Sixty-two percent of bridge millennials say that if an app is convenient, they might use it to pay at a gas station. You just have to set it up once.”. Almost half – or 49.4

Marketing 153

Marketing Mobile Millennials United States 153

PYMNTS

DECEMBER 7, 2020

But he said that in some cases, banks fail to do so because a customer’s initial download of an app didn’t request it, or possibly because users might have switched off location permissions on their smartphones. “If But the consumer doesn't even know [banks] haven't asked for location. A Rude Awakening. I've never been to Detroit.

Fraud 232

Fraud Data Detroit Security 232

PYMNTS

JUNE 22, 2017

And to help consumers invest in companies that they believe bring a positive change, the California-based bank recently launched its Aspiration Impact Measurement (AIM) service in its mobile app that allows consumers to gauge the impact of purchases made with their debit cards through a Sustainability Score.

Millennials 117

Millennials Digital Banking Survey Tools 117

PYMNTS

JANUARY 24, 2018

Approximately 80 percent of Brazilian households have a payment card, which is used for 30 percent of household purchases. The service, he noted, could be especially appealing to tech-savvy millennials. Millennials love getting text messages saying your money’s there and [they] just need to go to the nearest ATM,” Isaacson said.

America 122

America ATM New Jersey Millennials 122

PYMNTS

MARCH 5, 2017

Americans have more payment options than ever before, from the digital payment info stored in mobile wallets to credit and debit cards in their physical wallets. Millennials have a very difficult time getting things like credit cards, debit cards or bank accounts, unless they are backed up by a parent or a guardian.

Technology 100

Technology San Francisco Analysis United States 100

PYMNTS

AUGUST 24, 2018

Recent days have brought the debut of the “first mobile-enable lottery card” in the state, according to the companies behind the card, Linq3 and Blackhawk Network. The product combines the gift card with the lotto entry, and here’s how it works, according to statement announcing the launch. Lotto and Payment Cards.

Ohio 103

Ohio Mobile Cards South Carolina 103