PYMNTS

JUNE 25, 2018

He then asked if I would like information about how to become an Amazon Prime member so that I could take advantage of those deals. For the Bridge Millennials — those aged 30 to 40 years old who are the first generation of connected consumer with spending power — they barely register. Both placed near the bottom of the list.

Retail 156

Retail Branding Millennials Online 156

PYMNTS

DECEMBER 20, 2019

In the 1930s, in the era of the Great Depression, when consumers had little extra cash, retailers nationwide came up with an innovation to make it easier for people to shop without having to pony up cash right away. Though different shops had different nuances in how they ran their programs, structurally, they were all similar.

Millennials 137

Millennials Retail Tools Branding 137

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

JANUARY 27, 2021

These developments may make consumers more concerned than ever about when and how to finance the purchases they need. Looking Beyond Credit Cards. Fifty-nine percent of participants reported having difficulty making ends meet each month, which could make them more wary of pulling out credit cards. .

Tools 131

Tools Payments Millennials Survey 131

PYMNTS

AUGUST 20, 2019

And the conventional wisdom on alternative lending comes in for a gut check as more merchants learn how to reverse the course on subscription churn. percent: Share of millennials who use mobile apps most frequently for planning in-store purchases. 18 percent: Average current interest rate for credit cards.

Payments 130

Payments Millennials Google Lending 130

PYMNTS

SEPTEMBER 16, 2019

Retailers scour social media to find influencers and designer bellwethers to turn trends into sales. 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. Pundits identify bellwether states to predict election outcomes.

Millennials 222

Millennials Study Course Trends 222

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 Incumbents Play Catch-Up.

Retail 78

Retail Cards Millennials Mobile 78

PYMNTS

OCTOBER 30, 2019

Marketplaces (as well as financial services firms, grocery retailers and other businesses), therefore, must step up their protections against the wave of online attacks. The FBI recently released a roundup explaining the attacks, and providing advice on how to defend against them. Tackling Millennials’ $71M eCommerce Fraud Problem.

Fraud 101

Fraud Millennials Resources Tools 101

PYMNTS

JANUARY 10, 2020

With roughly 17 million active users each month and 30,000 diverse online retailers, Honey has delivered some $1 billion in savings to shoppers in the past year. Citigroup Names New Retail Banking Leader. David Chubak will head all retail sectors — branches, mortgages, wealth, risk management and small business, according to a memo.

San Francisco 130

San Francisco Millennials Cards cryptocurrency 130

PYMNTS

DECEMBER 11, 2018

Give a deep and welcoming hello to the newest form of window shopping — a consumer behavior that will help to shape retail in 2019 and beyond, and a trend that stands as an increasing part of shopping, one that promises to impact brick-and-mortar merchants as they decide how to innovate. That’s not to say physical retail is dying.

blockchain 170

blockchain Retail Trends Mobile 170

PYMNTS

FEBRUARY 4, 2020

Pine Labs , which started as an offline retail payment provider in 1998, has since evolved to become a payment acceptance, stored value and in-store customer credit company that enables consumers to opt into installment payments plans online or at the point of sale in a physical store. But how to offer it as an option, can be tricky.

Austin 186

Austin Cards Marketing Mobile 186

PYMNTS

MAY 29, 2020

How are CUs utilizing videoconferencing capabilities on interactive teller machines (ITMs) to maintain their branch operations during the pandemic, and how is biometric technology helping them offer more secure, quicker and touchless ATM services? How To Keep Fraudsters From Scamming Banks Across Every Nook And Channel .

Maine 130

Maine ATM Innovation Millennials 130

PYMNTS

JANUARY 8, 2021

Research indicates that consumers are recovering some of their financial confidence, with one report predicting a 64 percent year-over-year increase in new credit card applications in 2021. It is therefore important for retailers to examine how they are offering such payments to maintain customers’ attention.

Lending 163

Lending Examples Tools Meeting 163

BankBazaar

MAY 31, 2022

You will usually see BNPL payment plans when you shop online at major retailers and stores. Traditional Credit Card lenders are not far behind. . Millennials and Gen-Z are increasingly looking for flexible modes of payment that allow them to pay back at their convenience. Why Choose BNPL Over Other Payment Methods? .

Millennials 78

Millennials Payments Cards Online 78

PYMNTS

MAY 16, 2019

Some entrepreneurs are inspired to start companies because of their experiences: Edgar Blazona was tired of going to dinner parties and hearing how challenging it was to order furniture. Blazona, in turn, decided to think about how to create a model that was quick and easy as well as direct-to-consumer (DTC).

Branding 134

Branding Cards Retail Millennials 134

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

NOVEMBER 8, 2017

Pundits prophesy a cashless society — and indeed, vast swaths of consumers are migrating to digital and mobile channels for many of their banking needs, as shown by a decline in the number of brick-and-mortar retail bank branches. Millennials are taking a mobile-first approach to banking, driving that transformation.

ATM 126

ATM Strategy Mobile Millennials 126

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?’” Beyond the basics, brands that are less diversified in the restaurant environment are suffering the same difficulties that the mediocre middle-retailers have faced in the age of digitization.

Millennials 145

Millennials Branding Online Retail 145

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. Chinese eCommerce platform Alibaba recently debated how to adapt its platform to better support North American small business vendors.

Mobile 197

Mobile Online Payments Tools 197

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. We had to figure out how to scale all that and make it really large,” he said. “We After all, flowers are not just for special events. Some consumers prefer to have regular fresh deliveries too.

Millennials 108

Millennials Course Industry Operations 108

PYMNTS

FEBRUARY 8, 2020

All in, according to the National Retail Federation (NRF), Americans will drop about $27.4 The rest of the spend will go mainly toward evenings out, clothes, candy, flowers, gift cards and greeting cards. As for who will be doing the spending, that is largely men and bridge millennials. per person, up 21 percent.

National 185

National Maine Millennials Video 185

PYMNTS

NOVEMBER 16, 2020

Across generations, PYMNTS’ research found that 40 percent each of Gen Zs, millennials and bridge millennials (respondents born between 1979 and 1988) say that they either won’t or likely won’t get the vaccine, 25 percent more than those who say they very likely or likely will. The remainder were somewhat likely. percent and 17.8

Study 270

Study Retail Millennials Conference 270

PYMNTS

JULY 23, 2018

Or are the 27 percent of the population — those high-income Bridge Millennials and Gen X-ers with college degrees who are steps away from financial catastrophe — happy, even if they do report feeling more positive about the stability of their financial situation than they did this time a year ago? Sixty-six (66) percent have credit cards.

Cards 122

Cards Groups Report US 122

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

MARCH 21, 2019

For payments, the company uses Stripe and accepts credit as well as debit cards. For the target market, Prew is focusing on millennial females in central London between the ages of 25 and 35. Each line will encompass 10 to 15 items, and designers will use feedback data from shoppers to decide how to develop each article of clothing.

Retail 130

Retail Millennials Company Security 130

PYMNTS

JUNE 6, 2018

When Shake Shack announced it was debuting a digital-only location , it seemed likely enough that it would work: Its clients are urban-based, largely millennial and demonstrably mobile order-ahead friendly. Only debit and credit cards. This is bad for high school kids and people that do not have a debit card or credit card.

Mobile 116

Mobile Cards Innovation Millennials 116

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

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. The computer games our kids play tell them how to play the game better. One hundred percent digital.

Customer Experience 107

Customer Experience Mobile Millennials Examples 107

PYMNTS

MAY 18, 2018

Posts focused on financial service topics relevant to the country’s unbanked, underbanked and millennial consumers, on how to budget and how to start putting funds away into savings. The company has also joined forces with Walmart , allowing customers to pay cash at local retail stores to load value into their eWallets.

Community 116

Community Cards Marketing Branding 116

PYMNTS

FEBRUARY 3, 2017

Seventy-five percent of retailers in the country now accept mobile payments, 10 percent of domestic transactions use contactless payments, and overall, usage of the payment method is growing at a rate of roughly 1 percent a month. So far, Kadakia said, the company has been pleased with the initial adoption rates for the new payments program.

Payments 100

Payments Mobile Apple Study 100

PYMNTS

NOVEMBER 30, 2020

The season isn’t so much revving up as already in full swing — and now the pressure is really on for retailers to switch up their holiday game plans as the clock is ticking and the pie is shrinking. Debit cards surpassed credit cards as the most common method in-store shoppers used to pay for their Black Friday purchases, with 48.6

How To 232

How To Google Online Cards 232

Gonzobanker

JULY 27, 2018

Ask four different industry experts how satisfied bank customers are with their delivery options and you’ll likely get four completely different answers. Power 2018 survey revelation was that 71% of millennials use a branch an average of 11 times a year. They were happy writing checks in stores until their bank gave them a debit card.

Study 78

Study Survey Millennials Online 78

Long Lasting Ideas

JANUARY 5, 2015

But how do we attract a generation that communicates phone-to-phone and text to text, not face to face? Believe it or not, this is a slice of the market that in some cases has never opened the doors of a bricks-and-mortar branch bank or learned how to write a check. Offer millennials the human touch. Get out of the office.

Marketing 40

Marketing Millennials Community Bank social media 40

Independent Banker

OCTOBER 29, 2014

Research and everyday observation show how consumers are increasingly using mobile technologies. But how far are they willing to go to do their banking on small mobile devices? The latest twists came in September, when one of the biggest technology and payments events of the year featured the announcement of Apple Inc.’s Fees follow.

Mobile 105

Mobile Community Bank Community Technology 105

Gonzobanker

OCTOBER 31, 2018

In their efforts to empower branch employees to evolve and support the client’s desire to bank virtually, branch managers need to make sure customer-facing employees are prepared to answer these five basic questions: How do the institution’s Internet banking and mobile products work? What happens when customers use their debit cards?

Training 84

Training Fraud Management Tools 84

PYMNTS

APRIL 1, 2019

Demand for a daily pay benefit is especially strong among millennials and Generation Z workers who are accustomed to accessing goods and services via mobile and are also expecting to be paid for their work instantly. Users can also request that their funds be sent to payroll or prepaid cards. . Many in the U.S.

ATM 109

ATM Taxes Payments Millennials 109

PYMNTS

MAY 22, 2018

Millennials are helping to shape expectations of transactions — and what they want is now. In lending, it’s all about “money you needed an instant ago and you get an instant from now,” said Edwards – and the card rails are the only ones making that work right now. It’s how [to do it] and get up and running in this service.”.

Payments 101

Payments United States Lending User Experience 101