PYMNTS

JANUARY 21, 2021

Merchants, card issuers and banks are no strangers to facing off against evolving fraud threats. The pandemic has driven consumers to make the bulk of their purchases online, leading many businesses and retailers to struggle with securing their digital infrastructures and payments processes while managing floods of orders.

Fraud 148

Fraud Strategy Study Cards 148

PYMNTS

FEBRUARY 21, 2020

Forty-four percent of 200 millennials surveyed last year stated they were wholly responsible for making purchasing decisions at the B2B companies at which they worked, and an additional 33 percent played some role in this process. False Positives and Data Security. Detecting Fraudsters.

Customer Experience 152

Customer Experience Fraud Millennials Online 152

PYMNTS

AUGUST 23, 2019

Corporate eCommerce card company Brex recently announced a partnership with leading SaaS eCommerce platform BigCommerce. Trending: Meeting The Millennial Need For AI-Powered Visual Shopping. SWIFT: Real-Time Payments Demands Real-Time Security And Compliance. Brex Teams With BigCommerce To Offer Merchant Financing.

Marketing 116

Marketing Millennials Payments Compliance 116

PYMNTS

JULY 31, 2019

especially in urban areas and among millennials,” said Andrew Quartermaine, vice president, ACI Worldwide. Moreover, as security is top-of-mind for consumers and paramount for merchants, the Co-op’s customers’ data will be protected at all times with ACI’s technology, regardless of the payment method they are using.”.

Retail 139

Retail Mobile Millennials Operations 139

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

William Mills

APRIL 7, 2016

Observing the financial struggles their parents endured, the millennial generation — those born between the early 1980s to the early 2000s–have developed a different point of view about finances and the financial industry than those of the baby boomers or Generation X.

Millennials 40

Millennials social media Video Resources 40

PYMNTS

JUNE 26, 2020

Open banking’s nature fortunately provides superior data security to traditional banking models. Open banking can substantially increase the security of customers’ personal information. We go to you on the secure channel that we own with you, maybe with a biometric authentication, so we know that you are who you say you are.”.

System 198

System Data Security Examples 198

PYMNTS

SEPTEMBER 21, 2018

The popularization and widespread adoption of digital and mobile banking tools have presented banks with plenty of new opportunities, but they’ve presented new risks as well. Many banks, including Ally, are now investing in emerging technologies to provide customers with a convenient, secure experience. All told, 16.7

Fraud 100

Fraud Security Cards Mobile 100

PYMNTS

SEPTEMBER 4, 2019

And Amazon is testing out a new payment system that uses handprints for checkout instead of a card or an app. Amazon is experimenting with a new payment system that uses handprints for checkout instead of an app or a card. How TD Bank Uses Voiceprints to Personalize — and Secure — Call Center Interactions.

Apple 100

Apple Payments Millennials Security 100

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

JUNE 25, 2019

But amid that growth is a fresh trend that could present challenges for law enforcement — the use of such payment methods for illicit transactions, including drug deals. P2P and Millennials. A possible limit to Zelle’s service — at least, for the time being — is its status as a payment method that relies on bank rails, not card rails.

Payments 115

Payments Marketing Millennials Trends 115

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

DECEMBER 28, 2018

It may come as no surprise to readers that, when asked about what influences the use of one payment method over another, credit union (CU) customers said it comes down to convenience and security. I don’t want to experience any friction, but I want full security,” he said. Making Security Stronger And More Subtle.

Fraud 131

Fraud Mobile Security Cards 131

PYMNTS

JANUARY 31, 2020

Travel industry services are catering to the thousands of millennial and Gen Z travelers who are booking big trips by augmenting their platforms with online and mobile support. The core problem with traditional booking is it prevents hotels and other services that offer deals better suited to travelers’ needs from being presented as options.

Industry 168

Industry New York City Online Security 168

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

JANUARY 17, 2017

And for that reason, credit bureaus, financial institutions and even eCommerce sites find they must look elsewhere for verifiable data or risk overlooking good but “thin-filed” consumers, including millennials. This leaves many without the “creditworthy” data that makes “thin files” thick. Is the phone number the future SSN?” Ayers asked.

Millennials 100

Millennials Data Fraud social media 100

PYMNTS

APRIL 10, 2020

The advent of the digital age means that, say, a millennial opening that bank account can receive products or services from their FI that touch on financial well-being and educational services. Fraudsters , after all, are stepping up their phishing attacks as card-not-present transactions gain ground.

Examples 168

Examples Mobile Security Technology 168

PYMNTS

NOVEMBER 8, 2017

Millennials are taking a mobile-first approach to banking, driving that transformation. However, older populations — and even millennials — still need the services provided by bank branches. One such advance has been the ability to transact without swiping a card. However, perhaps the biggest challenge of all is security.

ATM 126

ATM Strategy Mobile Millennials 126

PYMNTS

FEBRUARY 27, 2018

That presents problems for spend management, according to research from the Global Business Travel Association (GBTA) Foundation, which found last year that non-corporate payment methods like cash and personal cards are limiting businesses’ access to transparency in travel spend. Here are the numbers: $1.15

Data 110

Data Millennials Management Trends 110

PYMNTS

JANUARY 31, 2018

The survey from that identity assurance provider, conducted across 2,000 individuals, found that when it comes to applying for financial products at a financial institution (FI) — from checking accounts to credit cards — 40 percent of those online applications are never finished. And the frustration level has grown.

Online 153

Online Security Course Mobile 153

PYMNTS

NOVEMBER 4, 2019

The rise in fraud is not going unnoticed by the Federal Trade Commission (FTC), however, which noted that millennial consumers are especially vulnerable to fraud, losing $450 million to fraudsters in the past two years, of which $71 million was lost in online shopping scams. International Issues. trillion from the worldwide economy.

Fraud 124

Fraud Retail Online Study 124

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? Consumers expect secure and fast access to digital tools.

Maine 130

Maine ATM Innovation Millennials 130

PYMNTS

OCTOBER 23, 2018

Sending a paper statement to a millennial or leaving a voicemail is about as useless as a hamburger driving a vehicle,” Max Tselevich, CEO of The Doctor, a medical services management company, recently told a healthcare reporter. Then, it will automatically split it into either monthly or bimonthly payments until your payment is full.

blockchain 173

blockchain Study Case Study Fraud 173

PYMNTS

DECEMBER 8, 2016

Today, the word can also describe a mobile app that stores digital versions of a person’s payment cards, loyalty cards, gift cards and even coupons — enabling payment to take place with just a tap or scan. Keeping Mobile Secure . How Mobile Wallets Can Grow Up. Giving Mobile Wallets Room To Grow.

Mobile 100

Mobile eBook Study Security 100

PYMNTS

JUNE 7, 2019

Spencer McLain, vice president, EMEA at Whitepages Pro, told PYMNTS that these merchants will start seeing declines on European-based transactions if they are not exempt by falling under certain thresholds, or if they do not apply 3D-Secure authentication methods to verify card-not-present transactions.

Fintech 101

Fintech Study Online Retail 101

Insights on Business

FEBRUARY 27, 2019

The iPhone became more popular and apps got better and more secure. These customers may be satisfied for the present. 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. Seamless security—and digital workflow.

Customer Experience 107

Customer Experience Mobile Millennials Examples 107

PYMNTS

FEBRUARY 3, 2017

But while it may seem a little bit late in the game for American Express to make its grand entrance, the company has walked this ground before — it was the first card issuer to let Canadian cardholders make contactless payments via the Apple Wallet mobile payments platform. And research supports Kadakia’s findings.

Payments 100

Payments Mobile Apple Study 100

PYMNTS

JULY 30, 2019

Millennials and members of Generation Z are particularly comfortable with voice-activated devices , with 25 percent of consumers aged 16 to 24 using smartphone-based voice assistants such as Siri or Cortana. Bensen processes each request, learns customers’ favorite orders and charges the appropriate card registered with Amazon or Google.

Technology 119

Technology Mobile Google Software 119

PYMNTS

DECEMBER 11, 2018

And that’s unlikely to change in 2019 or beyond, given the growing purchasing power of bridge millennials. And the spread of cashierless checkout efforts comes amid advances in mobile payments and commerce, the use of QR codes and the rise of biometrics for consumer authentication and secure transactions.

blockchain 170

blockchain Retail Trends Mobile 170

PYMNTS

MAY 6, 2016

The startup may not operate in the fleet card space, but Haven’s B2B solution can certainly impact the bottom line. The company announced on Wednesday (May 4) that it secured $11 million for its freight procurement solution, which allows commodity traders across the globe to book freight and logistics services via an online portal.

Fintech 100

Fintech San Francisco Capital Big Data 100

Independent Banker

NOVEMBER 25, 2015

One of the biggest problems with FinTech companies is that many of them exploit existing banking infrastructure—including debit, credit and ACH networks—and access traditional checking and saving accounts, yet face minimal regulation when it comes to data security and privacy. Now it has a small-business financing program, Square Capital.

Community Bank 70

Community Bank Community Analytics Lending 70

BankBazaar

JUNE 9, 2020

When it comes to planning life, baby boomers and millennials are bound to be at loggerheads. The former has grown up in a world that required financial security and long-time family planning while the latter has evolved in an ever-changing world with new possibilities and excess of information available at the click of a button.

Millennials 78

Millennials Cards Report US 78

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

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

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 11, 2018

by 7 percent and 15 percent from his 2020 estimates, on the basis of what he identified as Snap’s two leading problems at present: sluggish new-user growth and slow growth in revenue per user. In a filing with the Securities and Exchange Commission (SEC), Snap said that Tencent and its affiliates had “recently acquired” 145.8

Apple 181

Apple social media Millennials Report 181

FICO

AUGUST 19, 2022

According to a 2022 report by Cornerstone Advisors , the percentage of Gen Z, Millennial, and Gen X consumers in the U.S. Solving for customers’ short-term liquidity needs without benefitting from overdraft fee income will be challenging, however, this shift presents opportunities for banks that are ready for it. Saving and Investing.

Fintech 52

Fintech Millennials Lending Tools 52