PYMNTS

SEPTEMBER 18, 2018

Mortgages and Credit Cards and Student Debt…. At the peak of the crisis, the delinquency rate was 10 percent in 2010, as underwater mortgages and foreclosures hit the headlines. Now, tighter standards in the wake of Dodd-Frank’s 2010 passage helped get that down to about 4.3 Mortgages ? This cohort makes up 27 percent of U.S.

Lending 148

Lending Innovation Fintech Cards 148

PYMNTS

DECEMBER 28, 2018

consumers owe roughly 26 percent of their annual income to debt, up from 22 percent in 2010. These secretly vulnerable consumers, Webster noted, often use debt to make ends meet, either on credit cards or through alternative vehicles like online lenders. According to the Federal Reserve , U.S. That amounts to $13.2 trillion, up 18.5

Millennials 145

Millennials Lending System Data 145

PYMNTS

NOVEMBER 20, 2019

They also deliver more seamless experiences that consumers — and millennials in particular — have come to expect. healthcare market saw a rise in high-deductible plans following the 2010 passage of the Affordable Care Act (ACA), shifting a greater share of out-of-pocket payments, such as deductibles and co-pays, onto patients.

Payments 111

Payments System Cards Marketing 111

PYMNTS

AUGUST 26, 2016

One of the retailers, Coles, which is also a credit card issuer, argues that opening up NFC technology is in the best interests of consumers, who should have more choice in digital wallet apps. A previous foray into social networking by Apple, Apple Ping, was introduced in 2010 and nixed by Tim Cook in 2012 when iTunes 7 was released.

Apple 100

Apple social media Retail Strategy 100

PYMNTS

APRIL 4, 2019

According to the report, between 2005 and 2010, mortgage debt represented 78 percent of total household debt; as of late 2018 mortgage debt accounts for only 71 percent of the total. The trend, according to the report, is visible in most major debt categories — particularly home and credit card lending.

US 116

US New York Trends United States 116

PYMNTS

MAY 14, 2018

Consumers – particularly millennials – are driving less and buying fewer cars; the age of the internal combustion engine is coming to an end in favor of electric vehicles; and, of course, vehicles as we know them are soon to be replaced by self-driving software platforms that we will call “cars” mostly out of nostalgia.

Millennials 101

Millennials Operations Mobile Cards 101

PYMNTS

JULY 23, 2018

Or are the 27 percent of the population — those high-income Bridge Millennials and Gen X-ers with college degrees who are steps away from financial catastrophe — happy, even if they do report feeling more positive about the stability of their financial situation than they did this time a year ago? Sixty-six (66) percent have credit cards.

Cards 122

Cards Groups Report US 122

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 27, 2018

Credit card debt made it over the $1 trillion mark in 2017, making it the third non-mortgage lending category to have surpassed the ten-digit mark in measuring consumer debt. According to the Financial Times , the good news is that delinquent credit card debt, overall, remains low. In fact, at 3.4 And finally for some good news.

Data 103

Data Cards Millennials Groups 103

Perficient

MAY 17, 2022

Total outstanding debt in the sector grew by $84bn to $1.46tn, outpacing the increase seen in student and credit card debts combined.” the long-term average of 3.44%), and nearly half are underwater – this marks the second-highest percentage since 2010 when delinquency rates reached 5.27% during the Great Recession.

Strategy 294

Strategy Customer Experience Study Technology 294

Gonzobanker

DECEMBER 20, 2019

Second Curve analyst Zack Maxfield opened a TD Bank checking account on his phone in nine minutes while he waited to speak with a teller at one of the bank’s branches, but waited an hour to fund the account and order a debit card. The workplace a millennial will most confuse with Silicon Valley – Live Oak Bank in North Carolina.

Idaho 148

Idaho Conference Data Marketing 148

PYMNTS

NOVEMBER 14, 2017

In 2010, digital lenders originated $249 million in unsecured personal loans, and by 2016 that number had grown ninety-fold. Instead, customers were using those loans to rack up more debt and maxing out the cards they used to pay off the loans.

Study 101

Study Lending Cleveland Online 101

NCR

JUNE 14, 2016

Teach Children to Save Day, which occurred on April 29, 2016, continues to be one of S&T Bank’s top community priorities since 2010. Right now through June 30, 2016, the Bank will donate $100 to a local food bank for every new checking account opened that completes five debit card transactions.

Pennsylvania 40

Pennsylvania Community Regional Indiana 40

PYMNTS

DECEMBER 11, 2017

That might not be a crazy assumption: Reports from Nielsen reveal that television viewership by that demographic has declined more than 40 percent since 2010 and is off 11 percent year over year for the older half of millennials aged 25 to 34. Payments today are complemented by credit cards, mobile wallets and even Amazon Pay.

Millennials 109

Millennials Video Maine Operations 109

Fintech Labs Insights

JUNE 17, 2016

Just in time to remind you of what would make a great Father’s Day gift, stock gift card company Stockpile acquired SparkGift, a startup behind a similar stock egifting idea. In 2015 the company partnered with Blackhawk Network to offer physical gift cards in denominations of $25, $50, and $100 at select U.S. retailers.

San Francisco 12

San Francisco Millennials Course Cards 12

PYMNTS

JANUARY 7, 2019

For bridge millennials, those consumers between the ages of 30 and 40 who are the first generation of connected consumers with spending power, those percentages are even higher: 31 percent own a voice-activated device, 55 percent of whom used it to make a commerce purchase in the week we asked them to report on their purchasing experiences.

Mobile 205

Mobile Innovation Apple Study 205

CB Insights

MARCH 2, 2018

Millennials account for one-third of India’s population. Other shoppers paid for purchases using online wallets that could be topped up at brick-and-mortar stores or pre-paid cards. To help improve payment options and drive more marketplace sales, Amazon invested in gift card solutions company QwikCilver Solutions in Q4’14.

Regional 68

Regional Retail Marketing Online 68