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From the source: Millennials share views about Alexa, Apple Pay, Venmo

Payments Dive

A panel at this year's Bank Customer Experience Summit brought together some college students from the University of Chicago to discuss how they view today's financial services.

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Bankers get straight talk — and surprising insights — from millennials

ATM Marketplace

A panel at the Bank Customer Experience Summit brought together college students from the University of Chicago to share their opinions on banks, payments and advertisers who co-opt millennial-speak.

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Oars + Alps Gets $1.3-Million Funding Boost

PYMNTS

Chicago-based men’s grooming line Oars + Alps is hoping to change that with its $1.3-million Our goal is to create a year-round skincare line for millennials guys. Everything is designed for the millennials’ on-the-go lifestyle, which means it does not spill in their bag, and you can easily bring it on a carry-on for a flight.”.

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Holiday 2020: Consumers Will Spend Less Overall, Spend More Time Online

PYMNTS

According to PYMNTS’ analysis of University of Chicago data, about 42 percent of consumers saved all or part of their stimulus payment. percent of millennial consumers say the same. Forty percent used the payment for debt such as mortgages, auto loans or student loans. Only about 15 percent said they spent the entire stimulus check.

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Banks Bring Coffee Shops To New Branches

PYMNTS

With the bank branch of the future, large institutions such as Capital One and Fifth Third are aiming to create spaces that appeal to millennials around Chicago that provide technical support, financial advice and — in some instances — cappuccino. By the same token, Capital One has brought three Capital One Cafes in Chicago.

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Kohl’s Redoubles Omnichannel Efforts Amid Rise In Digital Sales

PYMNTS

Rewards and Millennials. And, to help reach millennials, the company has rolled out a “millennial initiative” to bring consumers in this demographic to its stores. With that aim in mind, the company plans to experiment with an “outfit bar concept” in 50 brick-and-mortar locations in Philadelphia and Chicago.

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How fraudsters target different generations

Independent Banker

Fraudsters typically target millennials via text messages that promise rewards, shipment tracking and other automated messages that make them vulnerable to phishing attacks.”. Brandon Koeser, financial services senior analyst with RSM US LLP headquartered in Chicago, gives an example of how scammers can target people based on their ages.

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