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Amex Updates Blue Cash Card To Reflect Millennials’ Spending

PYMNTS

“Since we launched the card in 2011, our cardmembers’ buying habits have evolved, which is why we’re evolving the card, too,” said Kunal Madhok, vice president of U.S. The payment company said research shows millennials are spending the most on groceries, streaming and commuting. supermarkets and 3 percent cash back at U.S.

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Chinese Millennials May Save Luxury Brands

PYMNTS

Sales of luxury goods in China are skyrocketing — up around 20 percent from 2016 — in its sharpest growth since 2011, as Chinese millennials seek products like handbags and cosmetics, Reuters reported. 2017 saw a global recovery of the luxury retail market due to their affinity for high-end brands.

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Top News In Payments: Visa Enables Real-Time Insurance Disbursements, Bridge Millennials Provide Connected Commerce Insight

PYMNTS

Also, bridge millennials offer profound insight into the future of connected commerce. The service was launched in 2011 but was largely unknown until 2017 when it was purchased by the publicly traded entity Helios + Matheson. trillion global payments market with free services. Visa, Insurers Partner On Real-Time Claims Payouts.

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Watson Marketing Delivers a Competitive Edge that Financial Institutions can Bank On

Insights on Business

; increasingly sophisticated security threats; and, most recently, shifting customer expectations driven in large part by millennials. Millennials are a fastidious breed. More than ever – millennials seek customized experiences without a corresponding increase in prices. They are tech savvy, mobile and social.

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SoFi Sees Investor Accounts Double Thanks To Fractional Shares

PYMNTS

The increase during what has been a volatile time for financial markets tells a “tale of two cities,” he told the network on Wednesday (May 27), as COVID-19 has wreaked economic havoc in addition to its health toll. Founded in 2011, SoFi made its reputation by refinancing student loans for millennials.

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How Can Banks Thrive in the Next Five Years?

Jeff For Banks

The money market mutual fund became a formidable competitor to the bank account. In Pennsylvania, Rocket has number 1 market share. Then came this bubble generation they named millennials. Ever call your millennial child only to get a text back asking "what?" Because that is what millennials needed at the time.

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Groupon’s CFO Resigns To Pursue Other Opportunity

PYMNTS

The company went public in 2011 and was once valued at $16.5 billion, but its current market value is $1.42 A study by eMarketer shows that most people, especially millennials , prefer to chat or message instead of calling on the phone. The tool is meant to enhance a customer’s ability to communicate with a merchant.

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