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

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

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

FICO

SEPTEMBER 22, 2016

Millennials love their smartphones—so much so that in recent research , millennials ranked them as more important than a toothbrush or even deodorant. It is a good thing 90% of millennials have smartphones! Of course, many of our clients want to know more about millennial banking habits. That is a really mixed story.

Millennials 40

Millennials Survey Mobile Payments 40

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

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

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

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

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

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

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

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

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

MAY 28, 2019

With abundant choices in many aspects of their lives, consumers expect a range of options when it comes to online shopping, ranging from picking out clothes to making travel plans. Half of global online transactions are expected to take place in Asia this year. billion – of funds were lost to card fraud in 2018, up from $1.4

Apple 159

Apple Mobile Fraud Branding 159

PYMNTS

MARCH 1, 2017

Klarna announced its partnership with online mattress retailer GhostBed to integrate an instant financing solution into the merchant’s existing checkout system. 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.

Customer Experience 100

Customer Experience Millennials Branding Cards 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

PYMNTS

DECEMBER 21, 2020

And you can see it in the hustle by retailers and brands large and small to pivot their businesses and business models — and the disclaimers on just about every retail site starting a week or more ago that orders placed online might not make it in time for Christmas. Take PayPal, for example. consumers showed that of the 7.75 Share of U.S.

Apple 227

Apple Study Innovation Survey 227

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. As with other developed economies, a growing adoption of online and mobile banking in the U.K. Alternate payments methods might be gaining popularity among millennials in the U.K.,

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

PYMNTS

OCTOBER 11, 2018

Bureau of Labor Statistics found that both men and women were more likely to play sports in 2015 than they were in any other year after 2003. Research indicates that millennials are twice as likely as other adults to participate in team sports. In a 2017 report , the U.S.

Payments 108

Payments Online Management Tools 108

PYMNTS

JUNE 25, 2018

Another had an offer with a promo code to get $10 off my first online order, which would be delivered free to my front door in two hours or less once I linked my Prime account to Whole Foods. Along with the promise of much more. Amazon has done deals with recipe aggregators Yummly and Allrecipes , so that’s not that much of a stretch.

Retail 156

Retail Branding Millennials Online 156

MyBankTracker

AUGUST 26, 2020

Prepaid debit cards. Prepaid debit cards are also popular for money management at a young age. At the core, these cards operate similarly to teen checking accounts. These prepaid debit cards may allow multiple debit cards for multiple children on a single account. Authorized users on credit cards.

Survey 52

Survey Cards Study Examples 52

PYMNTS

MAY 11, 2018

At first glimpse, the Marriott move seems small — just another example of the ongoing divorce between payments and physical cards. Launched on Fliggy in 2015, and prior to the Marriott’s new global push of the service, PPP was available at some 100,000 hotels across mainland China. Last year, the U.S.-based Expanding Payment Methods.

Retail 129

Retail Payments social media Mobile 129

PYMNTS

SEPTEMBER 22, 2016

And, according to Pew Research, millennials are the group most concerned about running out of data (and the group most likely to use a mobile phone for payments). If we watch online, we skip ads — and given access to the right apps, we block them altogether … Most of us don’t like being sold to, especially by someone we don’t know.”.

Mobile 100

Mobile Video Millennials Payments 100

Fintech Labs Insights

SEPTEMBER 17, 2015

The Best of Show votes for FinovateFall 2015 have been cast and counted! ” let’s meet the Best of Show winners of FinovateFall 2015 (in alphabetic order): Blockstack.io Dynamics for its fully-programmable interfaces (stripe, EMV, NFC) for use in next- generation payment cards. So with a hearty “Congratulations!”

Innovation 12

Innovation Millennials Technology blockchain 12

PYMNTS

OCTOBER 28, 2016

Owning a home might still be a significant piece of the American Dream, but with two-thirds of American millennials currently renting , it could be a far-fetched dream for young renters. For decades, checks have long been the primary method for rental payments, but for millennials, everything is changing.

Payments 100

Payments Software Millennials Management 100

PYMNTS

APRIL 27, 2016

adults still prefer to use cash for purchases under $5, while 22 percent use debit cards and 11 percent use credit cards. Which age group is most likely to use a credit card for these small transactions? That would be millennials, ages 18–29, with 64 percent saying they prefer to use cards even for transactions under $5.

Taxes 100

Taxes Colorado Alaska Cards 100

PYMNTS

AUGUST 6, 2018

LevelUp is front and center on the Chase site as its partner for online ordering using Chase Pay and Chase Commerce Solutions (aka Chase Paymentech). That model — aggregating menus from local restaurants in one place and enabling easy online ordering from that online platform — remained Grubhub’s mainstay over the next decade.

Online 125

Online Branding Mobile Millennials 125

PYMNTS

OCTOBER 20, 2016

That figure is down by 7 percent since 2015. Payments providers need to bring the traditional card to life and create a real-time interactive experience for consumers.”. consumers trust traditional card providers the most, followed by providers like PayPal, banks and established tech companies. Three-quarters of U.S. Population.

Apple 100

Apple Mobile America Payments 100

Independent Banker

NOVEMBER 25, 2015

See “Closing the Gap” in the November 2015 issue, online at www.independentbanker.org.). Consider the 80 million millennials who would rather manage their finances with a smartphone app than visit a bank branch. Although they have bank accounts, they often prefer to use prepaid cards and mobile options to manage their finances.

Community Bank 70

Community Bank Community Analytics Lending 70

PYMNTS

APRIL 22, 2016

Acorns itself acts as a robo-advisory company that works with other online firms that manage clients’ money. Particularly favored as a potential marriage that makes sense is a pairing of Acorns with Venmo, since they share a target audience of millennials with a mobile-friendly outlook. percent for anything larger. percent of the time.

San Jose 100

San Jose Mobile Retail Survey 100

Fintech Labs Insights

JULY 16, 2015

Dynamics’ Next Generation Payment Cards crack a 30-year lack of card innovation by embedding a full computer architecture inside a payments card. Hedgeable’s NEXT Partner Network makes private banking platforms available to millennials.

Company 12

Company Mobile Software Big Data 12

PYMNTS

APRIL 17, 2017

Not because he didn’t have a buyer, but because his buyer didn’t have that much cash— and McKelvey didn’t take credit cards. After many fits and starts, Square pushed into an IPO in late 2015. Cash Pro is the SMB version of Square Cash and does enable bank-to-bank transfers (in addition to debit card transactions) for a 1.5

Apple 110

Apple Capital Cards Payments 110

PYMNTS

JANUARY 2, 2017

Walmart’s revenues of nearly half a trillion dollars ($485 billion in 2015) and 2.2 Increasingly, as the holiday data shows, online and at Amazon. Millennials Are In For Some Hard Times. The data is grim — 2017 and beyond don’t bode well for the financial future of the millennial generation. But there’s just one problem.

Millennials 119

Millennials Apple Retail Mobile 119

Banking 2020

FEBRUARY 9, 2016

Proactive banks have an opportunity to transform consumer behavior, win millennial customers and satisfy existing customers by taking advantage of the unique differentiation opportunity of mobile. Millennials have emerged as mobile trailblazers. Globally, the millennial population looks to do their banking through a mobile app.

Mobile 40

Mobile Industry Millennials Survey 40

Fintech Labs Insights

SEPTEMBER 1, 2015

To whet your appetite for two days of fintech innovation, we’re releasing the full and final lineup of presenting companies for FinovateFall 2015. AcceptEmail serves today’s consumers with online, real-time email payments. Dealflow is building the largest channel for online capital formation. Dynamics, Inc.

Company 12

Company Software Analytics Mobile 12

Fintech Labs Insights

JANUARY 8, 2016

2015 was quite a year for the 800+ Finovate alumni. Here are the highlights from the 2015 Best of Show winners: FinovateEurope 2015. October: Named FinTech Forward 2015 Company to Watch. December: Introduces bank account deposits using POLi online payment service. FinovateSpring 2015. FinovateFall 2015.

Innovation 12

Innovation Mobile Fintech Cards 12