PYMNTS

MAY 26, 2017

Fortunately, it appears the recreational market is getting some much-needed innovation to help organizations and associations process payments and participant registration. By some accounts, the recreational activity market is valued at over $250 billion each year. Getting Recreational Programs to Act Like Businesses. In the U.S.,

Marketing 115

Marketing Payments Community Millennials 115

PYMNTS

SEPTEMBER 4, 2019

Millennials, the conventional wisdom goes, are far more into experiences than they are into buying things. But, he noted, in the case of millennials some of that fear is not just the same old alarm. This long-term worry is far more significant and can be summarized in one sentence: Millennials don’t want to buy stuff,” Becker said.

Las Vegas 101

Las Vegas Millennials Meeting Maine 101

PYMNTS

APRIL 29, 2019

The market now serves millions of international travelers and is worth $5.5 Dozens of sites and services enable customers to book stays online in their local currencies, making them particularly appealing for millennials seeking cheap accommodations. Some estimates predict the hostel market will be valued at $6.4

Payments 100

Payments Millennials Maine Industry 100

Accenture

JUNE 16, 2017

In this second post, I look at our findings on a much newer and more virtual channel to market: robo-advice—the new generation of automated financial advice services powered by artificial intelligence (AI). Figure 3: How important is it to you that each of the following services is offered in your main bank’s branches in the future?

Millennials 186

Millennials Maine Study Security 186

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. But the situation is righting itself as dynamic market forces reshape payments.

Millennials 130

Millennials New York City National New York 130

PYMNTS

FEBRUARY 22, 2019

Securities and Exchange Commission (SEC) for an initial public offering (IPO). However, they issued a caveat that the timing isn’t set in stone, as is typically the case with IPOs and uncertain markets. At the same time, it was said that half of millennials in the U.S. use Pinterest as frequently as they use Instagram.

social media 100

social media Millennials Maine Report 100

Accenture

JUNE 16, 2017

In this second post, I look at our findings on a much newer and more virtual channel to market: robo-advice—the new generation of automated financial advice services powered by artificial intelligence (AI). Figure 3: How important is it to you that each of the following services is offered in your main bank’s branches in the future?

Millennials 150

Millennials Maine Study Security 150

Abrigo

MAY 5, 2022

or largely focused on the domestic banking market. Main Street Banking: A Podcast for Community Bankers 8. If you have an interesting podcast to share, please send it to marketing@abrigo.com. Using Data to Acquire, Engage, and Retain Banking Customers,” and “Customer Identity: Balancing Security and Seamless Banking Experiences.”

Community 195

Community Lending Maine Resources 195

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 23, 2019

Digital banking is not the main element that drives consumers toward using a credit union. Millennials, Bridge Millennials and the rapidly up-and-coming Gen Z consumers mostly prefer digital banking as their go-to when they interact. They aren’t just grabbing credit union market share, he added, but they are taking it broadly.

Online 123

Online Millennials Digital Banking Maine 123

PYMNTS

SEPTEMBER 24, 2020

Trading FinTech Robinhood Markets Inc. 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. Robinhood Raises $460M One Month After Raising $200M. has grown the size of its newest investment round to $660 million.

Company 137

Company Payments Atlanta Massachusetts 137

PYMNTS

SEPTEMBER 8, 2020

Research can even quantify the value of trust to merchants, Gauthier said, noting Amazon research has found that across consumer demographics, security and trust tend to hold more value than either pricing or selection. Along with the tremendous opportunity for sales growth, the challenge is making that first sale happen, he said.

Innovation 223

Innovation Retail Millennials Tools 223

PYMNTS

FEBRUARY 19, 2020

The B2B eCommerce Report , a PYMNTS and American Express collaboration, digs into the advantages of online business purchasing, as well as efforts to overcome the difficulties involved in designing and securing these shopping experiences. This month’s Deep Dive examines what it takes to ensure convenient, secure online shopping experiences.

Mobile 197

Mobile Online Payments Tools 197

PYMNTS

APRIL 14, 2020

Millennials accounted for 32.9 That group only makes up 8 percent of the total grocery shopping market but took 14.8 percent of the total market but only 29.2 While the main reason for the overall decrease in grocery was due to COVID-19 concerns (35.4 The data shows that 73.5 percent of the digital shift.

Dallas 196

Dallas Texas Data Millennials 196

PYMNTS

AUGUST 4, 2016

Meanwhile, Samsung is tackling the African market ahead of Apple and Android, and Google announces a way to avoid app downloads. Millennials Eschew Bank Mobile Wallets. The study found that both millennials and non-millennials want to use mobile to manage finances, and cash is becoming less important to both groups.

Samsung 100

Samsung Google Mobile Millennials 100

PYMNTS

OCTOBER 4, 2019

To service Main Street businesses, it’s an obvious advantage for a financial institution to actually be on Main Street. According to Rockefeller, however, challenges pertaining to infrastructure and data security had resulted in what he described as a “half step” toward open banking in the U.S.

Lending 152

Lending Community Bank US Community 152

PYMNTS

AUGUST 3, 2017

Some of the strategies outlined in the Task Force report include allowing a market-first approach to governing the faster payments system, greater education efforts for the industry and more research to develop fraud detection systems. Community banks meet the millennial generation.

Community Bank 117

Community Bank Community Report Millennials 117

PYMNTS

SEPTEMBER 30, 2019

Not only are millennials turning to self-storage at a higher rate than their parents, he told PYMNTS, but the excess demand means many self-storage operators feel free to skimp on customer service, security and anything resembling even basic insurance. No doubt — that’s why other young companies are striving for a piece of this market.

Policies 117

Policies Millennials Industry Operations 117

PYMNTS

APRIL 29, 2019

In a new PYMNTS interview with Karen Webster, Don Frieden, CEO of mobile commerce and digital marketing firm P97 , said that offering pumpside delivery of C-store products — pretty much the general model used by carhops — could help those stores grow and evolve to meet the needs of modern, digitally minded consumers. “You

Mobile 152

Mobile Maine Trends Retail 152

PYMNTS

OCTOBER 9, 2019

Among the main challenges? The reliance on cash in many of the markets served by UReed, Alhassan said. For someone to enter this market,” he said, “they need to ensure that whatever they have on offer is extremely convenient — no account setup and data filling, and easy to use and straightforward.” Payment Lessons. “

Regional 122

Regional Trends Cards Millennials 122

PYMNTS

NOVEMBER 29, 2016

The organization sees PFS’ prepaid cash card as a secure and beneficial way for refugees to access what they need in the local markets. Until recently, our main support was provided through in-kind distributions,” Sally Morson, cash program manager for Samaritan’s Purse, said in a release.

Cards 100

Cards Millennials ATM Maine 100

PYMNTS

JULY 4, 2016

Corporate debt is putting pressure on some of the world’s largest markets. This week’s Data Digest examines the latest data on corporate debt, bad and good, across geographical markets and across company size. $70 75% of millennial small business owners in the U.S. 75% of millennial small business owners in the U.S.

Puerto Rico 100

Puerto Rico Millennials National Lending 100

PYMNTS

APRIL 11, 2019

Securing alcohol is one of the grand adventures of life, especially if a person is younger than the legal age to buy. A recent report from UBS , in fact, estimated that the global online food ordering market will increase 20 percent annually until 2030, reaching $365 billion. According to one estimate , online alcohol sales in the U.S.

Online 169

Online Retail Regulation Maine 169

PYMNTS

FEBRUARY 20, 2019

The February Digital Banking Tracker looks at how challenger banks in several global markets are living up to their namesakes and putting traditional banks on their toes. market, challenger bank Chime is looking to add credit services to its portfolio of solutions. News From the Digital Banking Landscape. In the U.K., In the U.S.

Digital Banking 155

Digital Banking Millennials America Lending 155

PYMNTS

AUGUST 26, 2019

With the recent global explosion in skincare and wellness products, there are all kinds of stories of how various entrepreneurs wound their way into the market. Instagram has been particularly crucial to building its loyal following among millennial and Gen Z shoppers, with a follower count of 450,000 and growing.

social media 109

social media Branding Capital Millennials 109

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

JUNE 8, 2016

Most new product and service innovations are driven by front-line customer interactions and feedback and by staying in close touch with market developments. PYMNTS: What is the most innovative thing that you have introduced into the market, and what value did it deliver to the stakeholder group that was its target? .

Innovation 100

Innovation Millennials Cards Fintech 100

PYMNTS

DECEMBER 31, 2020

When you look at the spending graphs for millennials at that time, debit was growing at twice the speed of credit, but the average order value was much lower, which correlates with the lower disposable income in the demographic at the time,” Molnar noted. Mastercard’s Ethoca On Helping Merchants Grapple With The Upcoming Chargeback Deluge.

Innovation 289

Innovation Payments Trends Regulation 289

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. The potential is there, but until recently the market hasn’t been.

Mobile 100

Mobile Payments Apple Samsung 100

PYMNTS

JULY 15, 2016

Fauss said that critique has been true in the past – but not as much now since market factors have driven prices down. And for some consumers, especially millennials, that’s just not their choice.” Who Uses Prepaid Anyway?

Cards 100

Cards Millennials Regulation Cyber Security 100

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

PYMNTS

JULY 31, 2017

48% of SMEs considering switching banks cite a lack of products and services as their main reason — a key statistic, analysts said, because it suggests small businesses are concerned about more than rejected loan applications and high fees. That data supports earlier stats released from ACI Worldwide, which found SMEs across the U.S.

Survey 112

Survey Community Bank Community Regional 112

NCR

AUGUST 14, 2017

This is particularly true in developing markets, where services such as mobile banking reach parts of the world that were considered inaccessible or not cost-effective just a few years ago. 2 Statista: Share of Millennial digital banking users in the United States from 2014 to 2019 (premium content). appeared first on Banking.com.

Online 85

Online United States Millennials Digital Banking 85

PYMNTS

MARCH 10, 2017

The contest model, which is expected to remain in place, is an interesting one, as it seems to place confidence in competition (and rewards) as a way to bring the best new products to the market. Central banks could face difficult trade-offs between strengthening security and enabling illegal activity,” Powell said.

Bitcoin 122

Bitcoin Retail Security Maine 122

NCR

AUGUST 1, 2017

The rise of the Millennials is creating a revolution in the economy. Already present in retail , HR , and marketing , AI is finding its way in the world of banking. Security is one of the main concerns of online banking, and automated systems are prone to hacking unless properly secured. Defining AI for banking.

Big Data 111

Big Data Data Fraud System 111

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

JANUARY 11, 2019

The lucrative “ bridge millennial ” consumer segment — relatively high-earning and highly educated, and approaching their peak earning years — are particularly fond of this technology, with 31 percent reporting ownership of a voice-activated device and 55 percent of those owners using them to make a purchase. No device, no Alexa.

Google 145

Google Samsung Apple Technology 145