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 9, 2017

Green Dot Corp released earnings on Tuesday that topped analyst expectations, with 55 cents a share reported, versus estimates of 40 cents a share, as organic growth and card counts both showed momentum in the period. Streit also said the company has entered an agreement to acquire a small tuck in secured credit card portfolio. .

Cards 100

Cards Apple Taxes Millennials 100

PYMNTS

OCTOBER 1, 2020

Consumers and microbusinesses now get an average of two disbursements each year, excluding tax disbursements from local, state and federal governments. 1: Instant disbursements as a percentage of all non-tax disbursements in the U.S. Fast Fact No. are growing — but slowly. More than two-thirds of consumers (68.1

Trends 306

Trends Study Taxes Payments 306

PYMNTS

JUNE 29, 2020

He’s never had a single friend start a conversation with an announcement that the person doesn’t know how to do their taxes or plan for retirement. “To To be honest, this started with me and my friends sitting there not knowing how to do our taxes or how any of these things work,” he told Karen Webster in a recent conversation. “It

Millennials 263

Millennials Taxes Cards Fintech 263

PYMNTS

FEBRUARY 28, 2020

This could mean receiving funds onto payroll cards or mobile apps, as both technologies free them from having to cash checks or wait for money to appear in their bank accounts. . That means deciding whether to have some or all of their funds delivered by direct deposit, paper check or payroll card. ADP surveyed 500 U.S.

Cards 130

Cards Meeting Resources Capital 130

PYMNTS

MARCH 2, 2018

Millennials are apparently reporting losing money to fraud more often than seniors. But when seniors do become financial victims, they typically take a bigger hit than millennials do, the Federal Trade Commission (FTC) said in a press release. And tax fraud was the second most common type of identity theft reported by consumers.

Millennials 138

Millennials Fraud Taxes Report 138

Filene

JANUARY 18, 2016

I had about $20K in student loan debt, $8K in credit card debt, a car note for $12K, monthly rent and utilities, and of course important things like eating to worry about. It took me 18 months of a strict budget and two jobs to pay down the credit card and car. How can your credit union meet the needs of millennials?

Millennials 49

Millennials social media Video Taxes 49

PYMNTS

JANUARY 27, 2020

Millennials have been at home in the global workforce for about a decade now, but Generation Z is starting to filter into offices, warehouses and work floors and bringing their fast payments expectations with them. How Business And Their Workers Can Avoid Frustrating Tax Mistakes. The Latest Workforce Spend Headlines.

Management 160

Management Taxes Tools Metro 160

Independent Banker

JUNE 30, 2022

As house prices skyrocket, student loan debt grows and wages stagnate, many Gen Zers and millennials are watching their homebuying dreams move out of reach. Younger millennials and Gen Z buyers—those born after 1980—represent 45% of the total homebuyer market. By Beth Mattson-Teig.

Community Bank 143

Community Bank Community Millennials Resources 143

PYMNTS

MAY 14, 2018

Right alongside those tallies, payroll cards are gaining traction, having accounted for six million cards at the end of last year and expected to grow to as many as eight million cards in 2022, Aite Group reported. The PYMNTS Gig Economy Index has estimated that gig workers account for 3.7

Payments 125

Payments Millennials Cards United States 125

PYMNTS

MAY 4, 2017

As for demographics, Pierce stated that tech use does indeed skew younger, but that millennials do use a hybrid of cash and digital payments. He pointed to a study via Cardtronics that showed 55 percent of millennials used some form of digital payments in the previous 12 months, even as they were also using cash. do not accept cash.

ATM 192

ATM Millennials United States Study 192

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. The trend is unlikely to abate as younger generations gain greater influence in corporate buying.

Customer Experience 152

Customer Experience Fraud Millennials Online 152

PYMNTS

JULY 8, 2020

Nadji said that in COVID-wracked Seattle and New York City, more than 60 percent of millennials have reached their 30s and are embracing life changes like marriage and having children. However, the CEO said an eventual rebound seems in the cards for central business districts given U.S. There’s also a demographic tailwind at work here.

New York City 144

New York City San Jose New York Seattle 144

PYMNTS

OCTOBER 17, 2017

On a cold day, he posited, you may be loath take off the gloves to dig out the wallet, dig out the card, insert the card into a terminal or ATM and retrieve cash. This is the percentage of Canadian millennials who say they are cash free. They’ll opt, then, for the device in pocket. Data Point Two: 25 Percent. Data security?

Payments 111

Payments Millennials United States Data 111

PYMNTS

AUGUST 10, 2020

Consumers and other businesses can access their tax refunds, benefits, freelance income, insurance claims, dividend payments and other disbursements within 30 minutes of being paid — sometimes even within seconds. The funds can then be deposited into any type of account, including a bank account, prepaid card or digital wallet.

Report 228

Report Payments Millennials Cards 228

PYMNTS

APRIL 27, 2016

There are issues of transaction security, criminal elements, tax evasion, free flow of capital, access to goods and services and the ability to fully participate in the global economy. adults still prefer to use cash for purchases under $5, while 22 percent use debit cards and 11 percent use credit cards.

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Taxes Colorado Alaska Cards 100

PYMNTS

JUNE 26, 2018

But, he added, while those debt numbers get a lot of play, it is also worth noting that personal income has gone up $5 trillion in the same amount of time — or $4 trillion after taxes. Mortgage balances currently are around 68 percent of disposable income, and credit card balances are less than 7 percent of income.

Millennials 116

Millennials Lending United States Comparison 116

PYMNTS

FEBRUARY 14, 2019

As Green Dot Chief Revenue Officer Brett Narlinger told Karen Webster in a recent conversation, the same holds true for banks, particularly when it comes to millennial and Gen Z consumers. “My What it allows is for the driver to use their Uber debit card as their small business checking account,” Narlinger told Webster.

Branding 155

Branding Millennials Meeting Cards 155

PYMNTS

JUNE 17, 2019

Among other features, according to the announcement, the app sports the ability to connect those workers with Mastercard business cards and direct debit functions. the government has an initiative in place to make tax collection digital. With mobile-only banking, the user can get a live view of their finances.

Taxes 108

Taxes Mobile Software Big Data 108

PYMNTS

DECEMBER 28, 2018

These secretly vulnerable consumers, Webster noted, often use debt to make ends meet, either on credit cards or through alternative vehicles like online lenders. As millennials grew up and entered their 30s, the adults they became weren’t quite the people forecasted by analysts, according to the PYMNTS Connected Consumer Report.

Millennials 145

Millennials Lending System Data 145

PYMNTS

FEBRUARY 18, 2019

This week, I’m compelled to offer a few thoughts that go against the grain on several topics that made the news last week: Amazon’s NY HQ2 , card interchange fees and Facebook ad revenue. own voice-activated speakers, as do more than a third of the 30- to 40-year-old bridge millennials. Card Networks Want to Raise Their Prices.

Cards 169

Cards Course Study New York 169

PYMNTS

JUNE 1, 2016

Dochtermann has been involved in extinguishing several employees’ high-interest debts and sets repayment at a 5 percent interest rate, reducing pre-tax compensation by the loan amount. Fifty-one percent of employed adults continually carry credit card balances; 42 percent of millennials have student loans.

New York 100

New York Millennials Taxes Lending 100

MyBankTracker

FEBRUARY 24, 2021

high-interest credit cards, payday loans, etc.) Retirement accounts offer tax-advantaged growth of long-term savings but far too many people — regardless of gender — ignore them. Survey: COVID-19’s Financial Effect on Millennials. With an emergency fund , you don’t have to resort to expensive options (e.g.,

Survey 52

Survey United States Study Taxes 52

PYMNTS

JULY 13, 2019

and western Europe, and often attract millennials looking for some old-fashioned entertainment and a way to spend their increasing amount of disposable income, according to that report and other sources. Such cafés are especially popular in the U.S. progressive who lived in the 19th century.

Video 220

Video Trends Online Millennials 220

PYMNTS

APRIL 4, 2016

Not one to lose out on that sweet, Lee Greenwood-based revenue from millennials without a fight, the Pepsi to Coca-Cola’s Coke — AKA Pepsi — is launching its own interactive campaign this summer called “PepsiMojis.”. banning sodas from schools and levying a “soda tax” on beverage distributors in cities like New York and Philadelphia.

social media 100

social media Millennials New York Branding 100

PYMNTS

JANUARY 26, 2018

percent related to prepaid cards and 2 percent to payday lending. The new movement on the pre-paid card rule followed news last week that the CFPB will also take another look at the payday lending rule put into place during Corday’s final days as executive director. Costco for Millennials: Forget the dad jeans. The reason?

Lending 101

Lending Cards Millennials Data 101

PYMNTS

FEBRUARY 20, 2018

Revolving outstanding credit, made up primarily of credit cards, increased at a 13.3 Credit Card Troubles. The overall picture for credit card debt going into 2018 reflects a consumer in stress — a rising number of late payments and defaults than in year’s past and over a far greater diversity of lenders. percent annually.

Lending 105

Lending Cards America New York 105

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. .

ATM 109

ATM Taxes Payments Millennials 109

PYMNTS

MARCH 19, 2018

And that we should do that not because they’re tax evaders or evil — all things he said they, like all of us, are. How about Facebook gift cards? You notice it’s your friend’s birthday and have the perfect opportunity to send a … physical gift card that they receive 10 days after the event. A slam dunk for Facebook, right?

Google 148

Google Apple Retail Millennials 148

PYMNTS

DECEMBER 8, 2017

You may not give it much thought, but the nonprofit has its own challenges once a check, pledge or credit card comes through to help the needy. This is, of course, the time when the phone rings and people take donations , through a number of channels, as the fourth quarter offers up a rush for gift-giving before the end of the tax year.

United States 101

United States Course Bitcoin Mobile 101

BankBazaar

AUGUST 26, 2019

Great offers on Credit Cards and loans. Additional Reading: Golden Finance Tips For Millennial Women. After this, you can invest the balance amount in tax-saver investments and equities, based on your risk appetite, however. In this article, we’ll cover the three most important financial areas women should focus on. Investments.

Millennials 60

Millennials Taxes US Security 60

PYMNTS

JANUARY 31, 2020

For Chinese consumers, the partnership will allow any UnionPay consumer to link their card credentials to a PayPal wallet — and start transactions with PayPal’s 24 million merchants worldwide. That is a lot more than the card networks have right now.”. But in the long term, that isn’t going to disrupt the banks.

Bitcoin 100

Bitcoin Payments Los Angeles blockchain 100

PYMNTS

JUNE 12, 2017

Between the paper checks that many employers still use to pay staff, and the controversy over payroll cards and the fees they can incur, the payroll industry may be at the cusp of some much-needed innovation. Meanwhile, 45 percent of employees ages 18 to 29 said tax and deduction information is difficult to understand.

Survey 112

Survey Taxes Data Payments 112

CB Insights

OCTOBER 10, 2018

The core product is a digital-first app that tracks spending from a linked card issued by either MasterCard or Visa. Additional services range from checking accounts, savings accounts, direct and cash deposits, peer-to-peer transfers, and pre-paid or top-off cards that can be accessed digitally. Millennials.

Retail 78

Retail Cards Millennials Mobile 78

PYMNTS

NOVEMBER 9, 2018

The new offering, according to ADP, gives its customers the option to offer daily payments to their workers — a daily payments solution that adheres to all wage deductions and tax withholding laws, and doesn’t require current payroll processes, including the timing of payroll funds, to change in any material way. “We

Payments 178

Payments Tools Retail Report 178

MyBankTracker

NOVEMBER 6, 2020

These can include tax-loss harvesting and portfolio rebalancing. This company offers the option to link your checking account or payment cards to the app. These don’t come with any tax benefits. They require you to pay taxes on your investment income, too. 6 Ways Millennials Should Invest $1,000.

How To 52

How To Taxes Company Millennials 52

NCR

DECEMBER 19, 2016

From the gradual adjustment to EMV chip card technology in the US to the ongoing growth of fintechs and challenger banks, 2016 has been a big year for the financial services sector. EMV chip technology for credit and debit cards was rolled out in the US in October 2015. Getting onboard with EMV. Unpredictability in payments.

blockchain 40

blockchain Fraud Fintech Cards 40