article thumbnail

Can ‘Elective’ Fees Work For Retail Banks?

PYMNTS

The last such store closed earlier this year in Boston. Indeed, when he was talking to potential Aspiration investors back in 2013 and 2014, he told Webster, his vision didn’t exactly spark confidence among the people with money. “It It made for some very short conversations,” he said. Only 6 percent are from L.A.,

Retail 116
article thumbnail

Amid Blockchain And Robotics Hype, Corporate Lenders Still Start With The Cloud

PYMNTS

It’s not only for consumers, though: Alternative lending firm Kabbage recently found that mobile lending is on the rise among small businesses, with a more than 360 percent increase in the number of SMB loans accessed via mobile device between April 2014 and February 2018.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

12 Industries Experts Say Millennials Are Killing — And Why They’re Wrong

CB Insights

Every few weeks, another story about the dreaded generation surfaces: millennials are killing casual dining; millennials are killing breakfast cereal; millennials are killing home ownership. Millennials aren’t shunning luxury goods; they’re just renting them instead of buying. Millennials are in debt.

article thumbnail

The Stats of Summer

PYMNTS

Spring is about renewal, the holiday season is about family and friends, and later winter (in Boston, anyway) is filled with the gnawing anxiety that it might never ever get above 40 degrees Fahrenheit again. This year, 89 percent of millennials are planning to take a vacation. Every season has a certain defining characteristic.

article thumbnail

Is It Time For Apple To Allow Others Access To The iPhone NFC Chip?

PYMNTS

Just as many boomers have made the digital shift as millennials, and as many of those living in big cities and towns have made the shift as those living in less populated areas. And therein lies the rub. And the Pays still haven’t. Source: PYMNTS.com survey of 2,185 consumers conducted on Aug. 25-31, 2020.

Apple 227
article thumbnail

What Amazon HQ2, Interchange Fees And Facebook Have In Common

PYMNTS

The introduction of Alexa in 2014, and the creation of a voice-activated ecosystem with tens of thousands of skills, is a more recent proof point of that value creation. own voice-activated speakers, as do more than a third of the 30- to 40-year-old bridge millennials. Now, getting back to where we started with Amazon.

Cards 169
article thumbnail

Getting Mobile Ready

Independent Banker

A consensus says that the future banking customer relationships—particularly for millennial consumers—will orbit to one degree or another around mobile technology. Consumer studies the Boston firm has conducted indicate increasing mobile-banking adoption and awareness and use of mobile remote-deposit capture applications.

Mobile 105