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Sprint And T-Mobile Merger, Spend Management And State Tax Top This Week’s News

PYMNTS

We have a deep dive into spend management in addition to news involving the Sprint and T-Mobile merger, as well as data on state tax laws. . A group of state attorneys is joining together to fight a merger of Sprint and T-Mobile that the United States Justice Department supports. Trackers and Reports.

Taxes 101
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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.”. While some groups of people might be more vulnerable to certain types of financial fraud … many of these schemes don’t have specific age groups in mind.

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Wealth Management In The Post-Covid World: Tech Is Reshaping How We Save And Invest Money

CB Insights

Change has been long overdue for the wealth management industry, which is facing growing competition, outdated legacy tech , thinning margins , and an aging client base. Digitization will be crucial for wealth managers looking to capture or retain this generation of clients. In turn, this is driving revenue for big banks. .

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ADP’s Wisely Pay Bids To Smarten And Speed Up Gig Economy Payments

PYMNTS

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. To that end, as of Monday (May 14), ADP has introduced Wisely Pay by ADP.

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AltFin’s Bumpy Ride Into An Uncertain 2019

PYMNTS

“Unless we sort this out as a payments financial services ecosystem, we’ll be talking about things a lot more serious than a bunch of consumers feeling stressed out about paying their bills, but [about] managing to pay them somehow, some way, even if they’re late in paying them,” Webster said. Resetting Mortgage Services.

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Survey: Would You Rather Reveal Your Weight or Your Salary?

MyBankTracker

Of the different age groups, females age 35-44 were most likely (60.71%) to have, at one point, been paid less than a male coworker with the same experience. Retirement accounts offer tax-advantaged growth of long-term savings but far too many people — regardless of gender — ignore them.

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Banking for Generation Z – what FIs must do differently

NCR

Banks have spent a lot of time in the last few years trying to attract the attention of affluent millennial consumers – those born between the early 80s and mid-90s, who are currently an immensely attractive segment for financial institutions. Don’t mix them up with millennials. Putting technology first.