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

JULY 1, 2020

But one thing is clear: Americans would be willing to dispense with their local bank and make Amazon , Apple or Google their primary payment account provider if those 21 st -century accounts allowed them to more easily manage and spend their money. The rate rises to 60 percent among bridge millennials, those between the ages of 30 and 40. .

Survey 183

Survey Cards Millennials ATM 183

PYMNTS

SEPTEMBER 15, 2020

That number climbs to 38 percent among baby boomers, 74 percent for Generation Xers and 85 percent for millennials and Generation Z consumers. For example, if I should lose my card, I should be able [to] get a replacement, get it instantly pushed to my digital wallet and be able to activate it instantly online.”.

Fintech 224

Fintech Idaho Apple Google 224

PYMNTS

JULY 31, 2019

Mobile technology by payments provider ACI Worldwide is a crucial part of the Co-operative Group’s (Co-op) new pay-in-aisle app, the firm said in a July 31 press release. . especially in urban areas and among millennials,” said Andrew Quartermaine, vice president, ACI Worldwide. One of the U.K.’s The Co-op was the first U.K.

Retail 139

Retail Millennials Mobile Operations 139

PYMNTS

DECEMBER 24, 2020

Millennials have shown remarkable interest in these solutions, which allow consumers to finance purchases with specific terms when they check out online. Millennials lead in the early adoption of BNPL, especially older “ bridge millennials ,” or those aged 32 to 41 who tend to have more purchasing power than their younger counterparts.

Payments 260

Payments Millennials Survey Trends 260

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. Bridge millennials own slightly more devices than the average consumer in our study: six devices compared to the roughly five that most consumers own. This group of 60 million U.S.

Millennials 222

Millennials Study Course Trends 222

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. percent – use Google Maps’ mobile app for gas. Fortune called the tie-up “a victory for Google.”

Mobile 140

Mobile Payments Google Millennials 140

CB Insights

JULY 25, 2019

Fintech is often associated with digital tools targeted at tech-savvy millennials. Capital One, for example, has partnered with Older Adults Technology Services and the National Council on Aging to create a series of free online courses to educate seniors about digital banking: Ready, Set, Bank. . Source: Capital One.

Millennials 73

Millennials Fintech Tools Fraud 73

PYMNTS

DECEMBER 22, 2018

No matter what, though, the present and future of real Christmas trees — even if bought in a weekend frenzy — owes much to digital technology, eCommerce and the consumer preferences of younger buyers. That is helpful especially for “millennial and Generation Xers,” he said. An longstanding adage — cliché? Christmas Tree Farmers.

Industry 134

Industry Millennials National Online 134

PYMNTS

JULY 21, 2017

The data also shared that 56 percent of millennials do not feel comfortable carrying cash in their wallet, which could be due to concerns of either spending it all too quickly or losing it. Finance’s Head of Cards, Richard Koch, commented on these findings and shared future projections for this trend.

Payments 143

Payments Apple Cards Samsung 143

PYMNTS

MAY 22, 2019

Most use stored credit cards (38.9 percent) and debit cards (38.7 Usage of Apple Pay and Google Pay stayed fairly consistent over those three quarters. Despite low mobile wallet usage, consumers aren’t dissatisfied with the technology. percent of bridge millennials bought via smartphone. percent in Q1 2018.

Mobile 177

Mobile Study Retail Millennials 177

PYMNTS

NOVEMBER 11, 2016

The army of Snapbots are debit card- and credit card-compatible, ready for a new type of Snapchat customer to fork over their payment. It’s not just millennials and post-millennials using a free service any longer. Snapchat may just get the best of both worlds. The question is, will the product sell?

Millennials 143

Millennials Video Retail Regional 143

PYMNTS

DECEMBER 7, 2017

Discover has announced that transactions via the new Apple Pay Cash card will leverage its network. Vietnamese hackers have tricked the iPhone X’s Face ID user authentication technology — again. They created another mask using just 2-D and 3-D printers, at a cost of around $150, which tricked the technology easily.

Apple 111

Apple social media Google Video 111

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. There will always be teenagers, after all, and they have significant power and influence, along with a native mastery of mobile and other associated technologies.

Digital Banking 139

Digital Banking Google Mobile Groups 139

PYMNTS

JANUARY 3, 2017

In a recent survey by Vantiv and Socratic Technologies, across 500 consumers, findings indicated that these buyers held, on average, 2.1 credit cards, 1.3 debit cards and 1.3 store affinity cards. Rewards can help lure customers to a brand and keep them there.

Retail 137

Retail UX Cards Branding 137

PYMNTS

JANUARY 19, 2018

Fifty dollars, a paper check or a gift card stuffed into a greeting card feels very impersonal, and is largely saved by the fact that it can be delivered in person. It then added other gifting mechanisms, like prepaid and gift cards. But while millennials do use Vouchr, they’re far from alone.

Cards 121

Cards Millennials User Experience Video 121

Accenture

SEPTEMBER 22, 2019

But there’s another reason why the neo-challengers are so front-of-mind: They’re industry leaders in cultivating technology innovation and optimising customer service and experience. It’s equally certain that incumbent banks will keep fighting back with investments in technology.

Innovation 150

Innovation Metro Apple Marketing 150

NCR

MAY 9, 2017

But technology innovators and financial institutions have worked together for generations. Technology has been changing the world since we invented agriculture. Technology has been changing the world since we invented agriculture. My whole business career, technology has been a critical part of what a bank does.

Fintech 75

Fintech Hawaii Community Bank San Francisco 75

PYMNTS

DECEMBER 24, 2019

Indeed, to create and promote the adoption of a new royalty-free connectivity standard (to make smart home products more compatible with security as a design tenet), Amazon, Google, Apple and the Zigbee Alliance unveiled a new working group. The company has an option to transfer money to the bank without a debit card for the same fee.

Cards 160

Cards Payments Study Examples 160

PYMNTS

FEBRUARY 7, 2017

There’s a demographic push at work here, too, said Carcillo, which he defined as “millennial consumer groups.”. And [merchants] are not wanting to be left out of that demographic,” citing the younger generation’s aptitude for technology. The process, and the hardware involved, said Carcillo, “can be off-putting to some.”

Data 100

Data Samsung Millennials Analysis 100

Independent Banker

NOVEMBER 25, 2015

Regardless of the name, nonbank technology firms are wedging themselves between community banks and their customers by offering a slew of traditional and nontraditional banking products. The nonbank payment options PayPal, ApplePay, Google Wallet, Starbucks, Kickstarter and Square are household names. By Kelly Pike. Familiar and new.

Community Bank 70

Community Bank Community Analytics Lending 70

PYMNTS

MARCH 2, 2020

Perhaps most important, they are the most active pursuers of expanding the payment technology they offered. percent of core and IT-enabled FIs have invested in payment technology over the past three years, compared to 22.2 Among bridge millennials, Americans biggest earning and spending demographic, the figure jumps to 41 percent.

Innovation 222

Innovation Data System Mobile 222

PYMNTS

MARCH 8, 2018

The payments industry is moving so quickly, he said, that business owners and consumers alike are having a hard time keeping up with the technology. On top of that, there are many who don’t want to keep up with said technology due to fear. Do you have any concerns about the direction the payments industry is going?

Innovation 112

Innovation Security Industry Fraud 112

PYMNTS

JANUARY 29, 2019

face pressure to step up technological advances, where inexorable movement toward digital and consumer-focused services can foster a disconnect that, left unaddressed, will turn loyalists fickle. For users, being able to use points accumulated at the point of sale, with ease, can be a game-changer, cementing loyalty for cards.

Innovation 176

Innovation Fintech Data Community 176

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

PYMNTS

OCTOBER 31, 2019

Smartphones and connected technologies are becoming increasingly symbiotic in many consumers’ retail experiences. However, as connected technologies offer new linking opportunities for consumers and retailers, online merchants are facing new adversaries in the fight against fraud. Building Trust Up Front.

Fraud 100

Fraud Retail Online Meeting 100

PYMNTS

OCTOBER 20, 2016

Payments providers need to bring the traditional card to life and create a real-time interactive experience for consumers.”. consumers trust traditional card providers the most, followed by providers like PayPal, banks and established tech companies. But in Calgary, a technology by PayBySky will at least take care of the payment.

Apple 100

Apple Mobile America Payments 100

PYMNTS

OCTOBER 9, 2017

The story from there is familiar — satellite dishes, DVDs, cord cutting, streaming — the choices for on-demand home viewing entertainment have exploded exponentially with each new, widely adopted technological advancement. The debit card is then swiped at the theater’s POS to obtain the tickets. million to 7.2 million, and from 9.9

social media 101

social media New York City Cards Google 101

PYMNTS

JUNE 18, 2018

Instead, order-ahead services seem to cater to the millennial crowd and to customers who are too busy to dine in. Gladstone believes customers will soon be using smartphones and other technology to help grab meals, regardless of whether they are sitting down or having their food to go. These are emerging technologies,” Gladstone noted.

Mobile 100

Mobile Online Strategy Technology 100

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

OCTOBER 13, 2016

While mint chocolate chip ice-cream might be the way to a foodie’s heart, MintChip digital currency is not the way to a millennial’s mobile wallet, apparently — at least not in Liberty Village, Toronto. Samsung Pay provides gift cards from Dunkin’ Donuts, and users earn money with its own rewards prepaid card.

Mobile 100

Mobile Payments Apple Samsung 100

PYMNTS

OCTOBER 5, 2017

Zelle made news again in September when it announced the launch of a standalone app to be downloaded from Apple’s App Store or Google Play. Selling Parents (And Their Millennial Kids) on P2P. We have an opportunity to really broaden who uses P2P from a more millennial audience to [a] broader mainstream audience.”.

Millennials 100

Millennials social media Survey Payments 100

FICO

FEBRUARY 5, 2021

FICO recently worked with Cornerstone Advisors to commission a study on the emergence of “shadow banking" providers – fintech startups, large technology companies, merchants, and others. Providers would fight for top-of-wallet status for their credit cards and debit cards. The Emergence of Shadow Financial Lives.

Millennials 52

Millennials social media Fintech Examples 52

Fintech Labs Insights

JANUARY 15, 2016

Available only via mobile app, imaginBank is a new initiative by Spanish bank, Caixabank targeting millennials. imaginBank provides customers with a complete array of financial services such as a commission-free current account, a Visa imaginBank debit card, and PFM tools, as well as up-to-date mobile and P2P payment technology.

Millennials 12

Millennials Mobile social media ATM 12

Long Lasting Ideas

JANUARY 5, 2015

In the age of Apple Pay, Google Wallet, and online banking, the old assumptions are shattered. A whopping 63 percent of millennials (ages 18 to 29) don’t have a credit card, according to a survey commissioned by Bankrate and compiled by Princeton Survey Research Associates International. Offer millennials the human touch.

Marketing 40

Marketing Millennials Community Bank social media 40

ZootBlog

MAY 6, 2016

Biometrics technology creates a better user experience because authentication is faster and easier than remembering countless user names and passwords or going through the motions of answering KBA questions. What about their use in our everyday lives? The good news is that consumers are warming to the idea in other areas of their lives (i.e.

Security 60

Security User Experience Millennials Maine 60

Banking 2020

FEBRUARY 9, 2016

Proactive banks have an opportunity to transform consumer behavior, win millennial customers and satisfy existing customers by taking advantage of the unique differentiation opportunity of mobile. There’s been a move to “white-label” banking , where banks provide the financial capabilities for payment wallets like Google Wallet and Apple Pay.

Mobile 40

Mobile Industry Millennials Survey 40