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Can Millennials Save Brick-And-Mortar Retail?

PYMNTS

Though many retailers have assumed millennials are behind the trend toward highly digitized, online-focused shopping experiences, baby boomers might be the real culprits. In a survey of 750 U.S. In the Northeast, 25 percent more millennials visit multiple stores when bargain shopping than baby boomers.

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Study Says Millennials Business-Savvy Over Selfies

PYMNTS

Whether you’re annoyed that they take selfies or that they would rather share than own things, plenty of people knock millennials, especially when it comes to work ethic. For those millennials that have started or are thinking about starting a business, that number is growing, too. Many more millennials started their biz by age 27.

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The Millennial Effect In Payroll Tech

PYMNTS

Last year, researchers confirmed that millennials are now the largest demographic of the U.S. From the BYOD and enterprise mobility movements, to changing habits in how millennials apply for their jobs in the first place, a younger workforce presents knock-on effects for the entire corporation. Take, for instance, payroll.

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P2P Payments’ Rising Appeal Beyond Millennials

PYMNTS

bank account have access to Zelle in their mobile banking app,” Lou Anne Alexander, group president, payments solutions at Zelle operator Early Warning, said in a press release. only, the service is slated to soon expand to other global markets. A survey conducted earlier this year found 53 percent of U.S.

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Deep Dive: Why Contactless Payment Innovation Is Key For CUs Amid The Pandemic And Beyond

PYMNTS

It will likely alter global markets and regulations as the financial ecosystem becomes more digitized. Fifty-seven percent of survey respondents in PYMNTS’ How We Shop Report stated that merchants’ digital payment options impact their willingness to shop, and 26 percent insisted that merchants accept contactless card payments.

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The Instant Payments Divide: How Lenders Can Use Disbursements To Create Lasting Trust

PYMNTS

Demand among businesses — especially smaller firms — skyrocketed as they attempted to blunt revenue challenges and keep their operations above water, but these companies faced numerous hiccups when securing financing. Payors surveyed stated that they made only 45 percent of all their disbursements via non-instant payment methods, in fact.

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OAK + FORT: Flexible-Payment Plans Boost Luxury Purchases

PYMNTS

Merchants are optimizing their eCommerce operations, but this is posing challenges for some, including luxury merchants. Luxury retailers are also targeting millennial and Generation Z consumers to expand their customer bases, with one report showing that millennials accounted for 35 percent of high-end retail purchases, for example.

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