PYMNTS

NOVEMBER 29, 2016

In an attempt to bring hope and better conditions, e-money firm Prepaid Financial Services (PFS) launched a prepaid card program through international relief organization Samaritan’s Purse to help financially support those refugees living under these conditions. PFS, based in the U.K.S,

Cards 100

Cards Millennials ATM Maine 100

PYMNTS

DECEMBER 31, 2020

Main Street SMBs: The 18-Month Outlook. Main Street small- to medium-sized businesses’ (SMBs’) confidence of survival has progressed as the pandemic has continued. percent fewer Main Street SMBs are hopeful of survival. percent of millennials believe it is “very” important to receive payments in real time. percent to 11.5

Data 277

Data Innovation Payments Millennials 277

PYMNTS

DECEMBER 9, 2019

You might be shocked to discover that fully 42 percent of businesses still used paper checks as their main payment method in 2019. Statistical swarms of millennials and Gen Zers report never having used a paper check. This group championed P2P a few years ago when it felt too risky and un-bank-like for a paper-centric world.

Millennials 130

Millennials New York City National New York 130

PYMNTS

OCTOBER 2, 2017

The Paysafe study focused on one main question: What is the tipping point that has been moving people from cash payments to alternative cash formats, thus setting the stage for a lot of change in retail? According to Daly, the next big evolution will millennials may lie in biometrics. Here are the numbers: 3,000 | Number of U.S.,

Data 120

Data Payments Millennials Study 120

PYMNTS

SEPTEMBER 24, 2020

The new funding is an outcropping of the Series G round unveiled in August for the firm, which is said to have helped millennials become interested in trading. Mastercard Expands Digital Card Program To Include Instant Access, eWallet. FIS, TCH Partner To Connect Small Banks, CUs To RTP.

Company 137

Company Payments Atlanta Massachusetts 137

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

JUNE 16, 2016

It’s no wonder why retailers love gift cards – they are known to drive foot traffic, increase revenue, boost their customer base and complement retention efforts. But as consumers continue to move toward a digital option for their gift card needs, could a retailer’s dream turn into an actual nightmare?

Retail 100

Retail Cards Fraud Data 100

NCR

MAY 11, 2016

Knowing how to make, manage and invest one’s money has long been the key to financial security and stability, but what was once a relatively linear road map for many generations has shifted with Millennials. While buying a home was once seen as one of the biggest indicators of financial success, Millennials now have a different idea.

Millennials 40

Millennials New York Cards Maine 40

PYMNTS

MAY 25, 2018

The group recently launched its Trusted Exchange Accreditation Program to “leverage existing industry-wide identity verification, authentication and privacy/security frameworks and best practices in use across the ecosystem,” according to a press release. It’s a big deal,” Matt Schulz, senior industry analyst at Creditcards.com, told Time.

Technology 166

Technology Payments Millennials blockchain 166

PYMNTS

SEPTEMBER 24, 2019

Legacy banks are similarly at work, with one major FI seeking to beat out FinTech competition by offering same-day access to credit card deposits. Millennials no longer rule the mobile services space. Small banks can struggle to develop such services and keep them secure, however. Around the Faster Payments World.

Mobile 246

Mobile Payments Apple Millennials 246

PYMNTS

OCTOBER 1, 2019

Fraud has become particularly problematic in the United Kingdom, where last year card-based losses increased by 19 percent compared to the previous year. A report by Lloyds Bank noted that the share of millennial consumers who fall victim to scams increased by 400 percent in the past year, even though overall fraud incidents declined.

Fraud 156

Fraud Millennials Regulation Trends 156

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. B2B sellers know they must offer eCommerce sales channels if they want to appeal to today’s corporate buyers — many of whom are millennials.

Mobile 197

Mobile Online Payments Tools 197

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

PYMNTS

AUGUST 9, 2019

For Mastercard , the acquisition furthers its continued strategy to move well beyond cards, to deepen its presence in account-to-account activity and to extend its position beyond credit and debit cards. Weddings, the Millennial Way? Why Mastercard Acquired Nets. Bank Regulators Probe Amazon Cloud.

Apple 115

Apple Virginia Regulation Millennials 115

PYMNTS

AUGUST 4, 2016

The Department of Transportation will use the back-end support of Cubic Transportation and, in collaboration with Passport, will change the EASY Card revenue management system to allow travelers to buy fares using contactless, check balances on the cards, view account history and manage accounts through a new app.

Samsung 100

Samsung Google Mobile Millennials 100

PYMNTS

JULY 15, 2016

Brad Fauss, CEO of the National Branded Pre-Paid Card Association and MPD CEO Karen Webster dug into the potential for these rules to create the kind of inconsistencies that could very well disadvantage the very consumers that the CFPB intended to protect. Who Uses Prepaid Anyway? So far, so good.

Cards 100

Cards Millennials Regulation Cyber Security 100

PYMNTS

MARCH 8, 2018

Every business walks the same tightrope when it comes to processing payments: Convenience versus security. It doesn’t matter if the business is consumer-facing or serving other businesses (B2B); security is top of mind for all of them, yet adding more layers can introduce more friction, and that can scare customers away.

Innovation 112

Innovation Security Industry Fraud 112

PYMNTS

SEPTEMBER 25, 2019

They can’t secure underwriting because their financial file reveals no credit history, and they can’t establish any credit history because no one wants to underwrite them. Access, he noted, that they need because in many cases they need to secure credit to do things like rent an apartment, or take out a credit card or secure an auto loan.

Data 122

Data Resources Cards Security 122

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

PYMNTS

OCTOBER 9, 2019

Among the main challenges? The credit card penetration in Saudi Arabia is around 35 percent for the whole country — a country known for being one of the highest in the Arab region for eCommerce,” he told PMNTS. The reliance on cash in many of the markets served by UReed, Alhassan said.

Regional 122

Regional Trends Cards Millennials 122

PYMNTS

JUNE 8, 2016

As Peter Read , President of Peoples Card Services , recently pointed out to PYMNTS, needs are never static, and neither should the payments innovation aimed at addressing them. This is due, in large part, to our pioneering partnerships with FinTech companies and card program managers. PR: “Gets” it?

Innovation 100

Innovation Millennials Cards Fintech 100

Celent Banking

OCTOBER 10, 2016

The day focused mostly on mobile wallets, with a few main points shared below: Mobile wallets have been challenged by industry barriers : The old rule of thumb with a payments scheme is that it needs to please three parties: the merchant, the bank, and the consumer. I was only able to attend the final day, but it didn’t disappoint.

Mobile 100

Mobile Payments Apple Samsung 100

PYMNTS

JUNE 21, 2018

Meanwhile, 85 percent of respondents want to be certain their funds are safe and secure, and 47 percent want a choice in where funds are deposited. To better understand personality differences, PYMNTS focused on three different groups: tech-savvy consumers, millennials between the ages of 25 and 34 and small business owners.

Data 138

Data Millennials Tools Payments 138

PYMNTS

JUNE 13, 2018

Industries of all types are embracing the potential of embedded payments to not only sell products, but to help plan and purchase experiences as well, and are rolling out new solutions in hopes of securing their slice of the pie. Turning to the Crowd to Fund Honeymoons. A lot of that has been the result of that experience-giving trend.”.

Trends 101

Trends Payments Millennials Online 101

PYMNTS

DECEMBER 20, 2019

Visa says cybercriminals are using new strategies to steal credit card information from around the country. Combating fraud, however, comes at a cost, as burdensome security procedures may scare away legitimate customers. Millennials Make Big Push For B2B Personalization. Visa Warns Of Rise In Gas Station POS Cyberattacks.

Fraud 100

Fraud Trends Payments Retail 100

PYMNTS

FEBRUARY 20, 2019

The challenger bank acquired a banking license when it launched, and offers each customer a fixed savings account, two credit cards and an app that offers personal spending advice. An Australian challenger bank recently secured a significant achievement that could help it to compete more aggressively with banks.

Digital Banking 155

Digital Banking Millennials America Lending 155

PYMNTS

DECEMBER 21, 2020

Just as many boomers have made the digital shift as millennials, and as many of those living in big cities and towns have made the shift as those living in less populated areas. Contactless cards are regarded as decision-drivers for shopping in a physical store 7.5 And the Pays still haven’t. 25-31, 2020.

Apple 227

Apple Study Innovation Survey 227

PYMNTS

MAY 26, 2017

The lack of payment innovation could increasingly become an issue as more millennials become parents and consider activities for their families. According to a recent study , over 16 million millennial women (born between 1981 and 1997) have children, and that number is expected to grow.

Marketing 115

Marketing Payments Community Millennials 115

PYMNTS

DECEMBER 24, 2019

For the annual holiday exercise at PYMNTS (describing the 12 main or most exciting ways to pay in 2019), it is clear that what has happened this year will have big implications for the new decade. The company has an option to transfer money to the bank without a debit card for the same fee. Past is prologue. 18 announcement. #3:

Cards 160

Cards Payments Study Examples 160

ZootBlog

MAY 6, 2016

Biometrics in financial services will require instituting a behavioral shift, and addressing consumer concerns regarding privacy and security. As a result, companies need to ensure that authentication methods remain secure, private and frictionless in order to effectively mitigate potential risks for users.

Security 60

Security User Experience Millennials Maine 60

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

AUGUST 4, 2016

Ask a millennial about their checkbook and you’re likely to learn they don’t use one. Another study by WePay found that 52 percent of millennials never use checks. Yet, checks continue to dominate the rental payments space despite the inconvenience and security risks that accompany them. A study from by the U.S.

Mobile 100

Mobile Payments Millennials Study 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

AUGUST 5, 2016

In that same span, payment with cards, mobile wallets and direct deposit tripled, and the trend is not expected to reverse itself anytime soon. Young people especially have stopped using checks, with a study from WePay reporting that 52 percent of millennials never use checks at all.

Payments 100

Payments Mobile Cards Fraud 100

PYMNTS

APRIL 18, 2017

With more millennial consumers joining the banking systems, companies are turning to the technologies this generation uses on a daily basis to help them deliver more modern banking solutions. The Australia and New Zealand Banking Group has designs to introduce voice biometric to bolster its mobile banking platform’s security.

Report 110

Report Digital Banking Tools Technology 110

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. The Skymeter eliminates the need to use cash, credit cards, or a mobile phone to pay.

Apple 100

Apple Mobile America Payments 100

PYMNTS

DECEMBER 31, 2016

The startup drew jealous ire from competitor Facebook/Instagram , success from millennials and confused befuddlement from baby boomers this year, along with a $1.81 Apple Pay was adopted slowly and still isn’t particularly differentiated enough from card payments. Resolution: Security, security, security.

Apple 109

Apple Security social media Study 109