Payments Source

SEPTEMBER 6, 2017

s credit cards and failing to renew its partnership with JetBlue Airways Corp. in 2015, Amex has worked to increase spending on its existing co-brand arrangements. After losing a bidding war to issue Costco Wholesale Corp.’s

Millennials 60

Millennials Cards Branding Payments 60

PYMNTS

JUNE 1, 2020

Capturing and then enabling card-on-file payments when consumers buy the products or services they consume in the physical world. Part of that includes reminding consumers to use their contactless cards when they check out in their stores (if they have one) or their mobile wallets (if they choose). Uber and Starbucks pioneered it.

Cards 147

Cards Study Maine Payments 147

PYMNTS

APRIL 9, 2020

percent in 2015 and 89.8 billion in sales in 2015 — a number that had grown to almost $47 billion by 2019 — the report states that “… sales projections are expected to climb modestly to $52.7 Et tu , Millennials? The mobile wallet can now be used on 92.8 percent of all iPhones in the U.S, up from 39.3 percent in 2019.

Mobile 140

Mobile Apple Cards Millennials 140

PYMNTS

AUGUST 11, 2016

A proposition back in 2011 to close a loophole that enables drug cartels to move large sums of money across boarders using prepaid cards has been delayed but is not dead. The proposed rule called for money stored on prepaid cards to count toward the requirement on the part of the U.S. According to a report by Reuters , the U.S.

Cards 100

Cards Millennials Industry Tools 100

PYMNTS

SEPTEMBER 23, 2016

Americans are carrying more debt than ever before and paying some of the highest credit card rates every recorded, according to new data. The national average annual percentage rate (APR) for credit card debt is 15.22 percent, according to CreditCards.com’s weekly Credit Card Rate Report. Credit card balances rose 3.4

Cards 100

Cards Report National Millennials 100

PYMNTS

AUGUST 9, 2017

Green Dot Corp released earnings on Tuesday that topped analyst expectations, with 55 cents a share reported, versus estimates of 40 cents a share, as organic growth and card counts both showed momentum in the period. Streit also said the company has entered an agreement to acquire a small tuck in secured credit card portfolio. .

Cards 100

Cards Apple Taxes Millennials 100

PYMNTS

FEBRUARY 7, 2020

The broad consumer appeal of free trading compelled the 2015 launch of Robinhood. It chiefly attracts millennials interested in trading stocks and cryptocurrency. We’ll still have existing revenue streams, and, in addition, we’ll add revenue from interchange on debit card transactions.

United States 150

United States FDIC Millennials cryptocurrency 150

Celent Banking

MARCH 16, 2015

This last week the American Banker Retail Banking Conference 2015 was going on in Austin, TX. A regional bank poll of millennials found that not one could name a community institution in their area. As expected, it was a great way to read the temperature of the banking industry. This requires additional spending.

Conference 100

Conference Retail Community Community Bank 100

PYMNTS

JUNE 7, 2017

According to a press release , the percentage of consumers using mobile pay rose significantly from late 2015 to late 2016, growing from 22 percent to 28 percent. Among mobile banking users, 41 percent used the service to pay bills in the past 30 days. Fifteen percent of consumers said they had used a digital wallet in the past year.

Survey 115

Survey Mobile Millennials Cards 115

Gonzobanker

DECEMBER 22, 2015

Well, what do we say about 2015? And, give or take a stumble or two, we snuck through it and did a reasonable job on 2015 objectives, in our humble opinion. So, it seems we’re good with only one outstanding item—digest the 2015 GonzoBanker Awards! 2015 Executive Call-out. ” – Tom Armstrong. And the winners are ….

Community Bank 60

Community Bank Apple Community Technology 60

Banking 2020

JANUARY 15, 2015

The retail banking industry has seen major changes occurring in the industry over the last few years with the adoption of mobile banking, the rise to prominence of the millennial demographic, narrowing margins, stagnant top line revenues, the future of the branch and continued regulatory changes. Digital Banking. Cyber vulnerabilities.

Retail 40

Retail Trends Millennials Mobile 40

PYMNTS

DECEMBER 19, 2019

India is still largely cash-based and its adoption of credit cards is low — just 3 percent of the population uses an alternative to physical money. ZestMoney was founded in 2015 by Chapman, Priya Sharma and Ashish Anantharaman in 2015. ZestMoney was founded in 2015 by Chapman, Priya Sharma and Ashish Anantharaman in 2015.

Fintech 130

Fintech Millennials Online Lending 130

MyBankTracker

OCTOBER 27, 2020

When picking a credit card, it’s tough to resist the allure of big rewards. In a year-long MyBankTracker survey, nearly 3 out of 4 respondents (72.6%) preferred to receive cash back rewards on their credit card purchases. of respondents had specific spending categories in mind for their next credit card while 47.3%

Study 52

Study Cards Survey United States 52

NCR

JUNE 21, 2016

According to a recent study , all four of the leading banks are among the ten least-loved brands by Gen Y, and one in three millennials revealed they’re open to switching financial institutions in the next 90 days. Millennials don’t like traditional banks and don’t see any stark differences between them. The Rise of the Digital Bank.

Millennials 45

Millennials Data Study Digital Banking 45

PYMNTS

DECEMBER 9, 2019

Cards over cash – specifically, debit cards over cash. And debit card transactions, the report notes, have become the most widely used payment method , ahead of cash, at least as measured by value. consumers surveyed made more than half their payments with cards, at 54 percent of payments or 24 transactions.

Study 140

Study Payments Cards Survey 140

CB Insights

JULY 25, 2019

Fintech is often associated with digital tools targeted at tech-savvy millennials. They make up close to 25% of the total US population and are by far the wealthiest generation — and will continue to be so until at least 2030, according to a 2015 Deloitte study. . get the REPORT on next generation investors. Source: Deloitte.

Millennials 73

Millennials Fintech Tools Fraud 73

FICO

JUNE 9, 2016

Millennials, now the largest demographic group in America, are possibly the most misunderstood, elusive market ever, a notion underscored by The Wall Street Journal ’s article about the existence of $20,000-per-hour “Millennial consultants.” Millennials reward positive fraud outcomes. In Millennial parlance, that’s “harsh.”.

Millennials 40

Millennials Fraud social media Survey 40

PYMNTS

MAY 4, 2017

Brazil and Mexico — the total amount in cash payments for the region was $3 trillion in 2015, with weighted average cash use at 14 percent of GDP, with an estimated increase, annually, of 4 percent through 2020 in absolute dollars but a decline in percentage of GDP by 1.2 Turning to the Americas — defined as the U.S., do not accept cash.

ATM 192

ATM Millennials United States Study 192

PYMNTS

OCTOBER 1, 2019

Fraud has become particularly problematic in the United Kingdom, where last year card-based losses increased by 19 percent compared to the previous year. A report by Lloyds Bank noted that the share of millennial consumers who fall victim to scams increased by 400 percent in the past year, even though overall fraud incidents declined.

Fraud 156

Fraud Millennials Regulation Trends 156

PYMNTS

JANUARY 14, 2017

The world would be Google-less without Sergey and Larry maxxing out their credit cards to buy more space on servers. That is a big drop from the 2015 report that indicated that 21 percent of consumers thought they were going to leave their descendants nothing but debt. And using credit wisely, it seems, is on the uptick.

Millennials 100

Millennials Data Cards Study 100

PYMNTS

OCTOBER 31, 2016

Disappointed millennials rejected by credit card companies. Millennials — Once Rejected, Twice Shy. Millennials’ “take it or leave it” attitude toward credit has been well documented over the last several years. Because there was lots of disappointment to go around last week.

Data 100

Data Millennials Chicago Lending 100

PYMNTS

NOVEMBER 11, 2016

The army of Snapbots are debit card- and credit card-compatible, ready for a new type of Snapchat customer to fork over their payment. It’s not just millennials and post-millennials using a free service any longer. Snapchat may just get the best of both worlds. First and foremost, they’re not redundant.

Millennials 143

Millennials Video Retail Regional 143

PYMNTS

MAY 10, 2017

posted results Tuesday night that blew past Street estimates, boosted by strength in its card and tax refund-focused business lines. Streit also highlighted the direct to consumer business, which offers bank accounts and prepaid cards, driven in part by online activity. Green Dot Corp.

Taxes 100

Taxes Cards Trends Millennials 100

PYMNTS

SEPTEMBER 6, 2017

percent increase in travel spend among corporations each year between 2015 and the end of the decade. Chung told PYMNTS why the consumer credit card industry is a huge factor in getting companies to spend more on travel, and how companies can shift from blindly paying for employee travel to being more strategic about spending.

How To 130

How To Cards Industry Trends 130

Independent Banker

AUGUST 9, 2016

According to the 2015 Colloquy Customer Loyalty Census, the average American household maintains memberships in 29 loyalty programs (1). Statistics are especially compelling for those trying to attract and maintain the millennial segment. Customer Loyalty Program Memberships Top 3 Billion For First Time, 2015 COLLOQUY Census Shows.

Community 70

Community Millennials Community Bank America 70

PYMNTS

MARCH 1, 2017

GhostBed customers are now presented with two Klarna financing options at checkout along with the ability to purchase using their existing credit or debit card. in September 2015, and since then, Billingsley said the company has experienced many learning opportunities as it continues to expand within the market.

Customer Experience 100

Customer Experience Millennials Branding Cards 100

PYMNTS

JANUARY 24, 2018

percent per year between 2000 and 2015. Approximately 80 percent of Brazilian households have a payment card, which is used for 30 percent of household purchases. The service, he noted, could be especially appealing to tech-savvy millennials. Other key findings in the Global Cash Index: Americas Edition. In the U.S.,

America 122

America ATM New Jersey Millennials 122

PYMNTS

MARCH 5, 2017

Americans have more payment options than ever before, from the digital payment info stored in mobile wallets to credit and debit cards in their physical wallets. percent in 2015. The report found that 32 percent of transactions used cash in 2015 and that demand for cash remains strong in the United States.

Technology 100

Technology San Francisco Analysis United States 100

Gonzobanker

OCTOBER 6, 2015

While bankers may be a bit fatigued this year by articles about payments, the more enlightened Gonzo bankers are paying close strategic attention to the single most impactful payments trend in our industry: the shift from a plastic card to a “card-not-present” world. times faster than card-based transactions.

Cards 60

Cards Fraud Apple Google 60

Chris Skinner

FEBRUARY 3, 2017

As Antony Jenkins, former CEO of Barclays, aptly put it in a 2015 speech: “Over the next 10 years, we will see a number of very significant disruptions in financial services, let’s call them Uber moments” … Some analysts believe Fintech disruption could take as much as 10% to 40% of bank revenue and eliminate 1.7

Innovation 150

Innovation Millennials ATM Data 150

PYMNTS

JULY 25, 2019

Consumers may still champion cash as their preferred method of payment, but its use declined 3 percent as measured between 2015 and 2018. Other options, such as credit cards and payment apps like Venmo , are increasingly gaining traction. That’s especially true among younger users such as millennials.

Payments 189

Payments Innovation Examples FDIC 189

PYMNTS

AUGUST 18, 2017

In Australia, cash and card-based payments have long been playing tug-of-war. In 2017, however, the balance seems to be tilting away from cash with contactless card-based payments powering close to a third of POS transactions. So, is this the beginning of the end for cash Down Under? As it turns out, not really. About the Index.

Report 100

Report ATM Analysis Cards 100

PYMNTS

APRIL 11, 2017

There’s little doubt that the home share sector is beginning to boom globally among business travelers, with millennials adopting the practice at a greater rate than their older counterparts (as millennials are wont to do). To date, the company reports renting out over 115,000 room nights from more than 800 corporate clients.

Millennials 100

Millennials Regional Marketing Report 100

Fintech Labs Insights

SEPTEMBER 22, 2015

Though FinovateFall is behind us, it has left us with a slough of new innovations, piles of fresh business cards, and a full list of press coverage. The Latest FinTech Innovations For Millennials. By Millennial EH. Mobile, onboarding among dominant themes at FinovateFall 2015. Finovate Fall 2015: Day 2 Recap + 8 Winners.

Millennials 12

Millennials Video New York Innovation 12

PYMNTS

MARCH 28, 2017

He also strongly advised that people take out as many credit cards as they could and marry someone with good credit before officially telling the Federal Department of Education (DoE) to get lost. billion — a 14 percent increase from 2015. Millennial Troubles. The average debt per millennial is estimated at $25,000 a person.

Millennials 100

Millennials Lending Policies United States 100

PYMNTS

NOVEMBER 30, 2017

Initially, when contactless payments were introduced, consumers used them in place of traditional debit or credit cards rather than cash, Cleland said. Alternate payments methods might be gaining popularity among millennials in the U.K., percent increase over 2015, Cleland said. Where cash is headed. As of 2016, some 3.7

ATM 165

ATM Payments Analysis Cards 165

PYMNTS

OCTOBER 20, 2020

Apple had already more or less created the modern smartphone industry with the iPhone and remade the music industry with the iPod – so it didn’t seem too much of a stretch to believe that if Apple wanted to disrupt the plastic card, it could fall out of favor for in-store purchases. percent in 2015. Of the 207.6 million U.S.

Apple 133

Apple Payments Study Mobile 133