PYMNTS

FEBRUARY 28, 2020

Businesses must thus refine their payroll approaches to encourage America’s younger workers to join their ranks, as Belinda Reany, division vice president and general manager at ADP, explained in a recent interview with PYMNTS. employees who were paid in late 2016 and early 2017 and found that nearly 35 percent were paid via direct deposit.

Cards 130

Cards Meeting Resources Capital 130

PYMNTS

JUNE 18, 2016

This year shoppers are expected to spend a hair under $2 billion on cards and clothes for Dad, and around $1.7 The important thing to watch, notes the NRF, is that spending is growing, and in 2016 has reached its high level since the NRF began tabulating Father’s Day spending 13 years ago. billion consumer electronics.

Millennials 100

Millennials social media Data Report 100

PYMNTS

OCTOBER 16, 2019

Today in the payment’s news roundup, Goldman Sachs CEO David Solomon said there has been a lot of demand for Apple Card as of its launch in August. And Wells Fargo managed to slightly beat revenue predictions when it announced its earnings on Tuesday (Oct. Goldman CEO Boasts Of High Apple Card Demand.

Apple 108

Apple Cards San Francisco Payments 108

PYMNTS

FEBRUARY 14, 2020

That didn’t mean the process wasn’t incredibly stressful, he noted, because in 2016, the buy now, pay later (BNPL) concept Afterpay was selling was still very new, and the millennial demographic the firm was anticipating to carry it forward weren’t quite into their significant spending years yet. 18 months ago, in the U.K.

Millennials 159

Millennials Retail Management US 159

PYMNTS

APRIL 20, 2017

In earnings results posted Wednesday, American Express said that its first quarter of 2017 marked a strong start to the year, driven by stronger card spend by consumers. percent, when, in the 2016 period, sales included the Costco portfolio. million new cards globally. Earnings per share came in at $1.34 versus the $1.28

Cards 101

Cards social media Millennials Marketing 101

PYMNTS

MAY 4, 2020

The FinTech startup, which works to help millennials get into equities, crypto trading and other options, has benefited from the quarantine’s effects as people stay at home and have time to explore new finance options. Last year, the company announced it had over 10 million users , up from 1 million in 2016.

FDIC 131

FDIC Fintech Millennials Management 131

PYMNTS

MAY 25, 2018

Touted by observers and industry players as one of the top trends that could impact medical billing and data management for 2018, the technology is increasingly being viewed as part of the path to better efficiency in payments. Among the latest hopes for healthcare payments is blockchain.

Technology 166

Technology Payments Millennials blockchain 166

PYMNTS

MAY 30, 2016

And to make sure that everyone starts off 2016, Part II on the same footing, we thought we would bring you a few of the top trending stories, as well as hot data/research topics, that will give you a head start on that all-important planning for 2016 and beyond. Store Front Business Index: Main Street USA, A-OK? Financial Inclusion.

Trends 100

Trends Retail Fraud Mobile 100

PYMNTS

FEBRUARY 20, 2018

Small Business Payments and Banking Survey also found millennial small business owners are twice as likely than their older peers to have used an alternative funding solution (48 percent compared to 25 percent for business owners 35 and older). Its 2017 U.S. Ease of loan application and faster funding are of critical importance.”.

Millennials 101

Millennials Lending Survey Groups 101

PYMNTS

FEBRUARY 27, 2018

trillion | Amount businesses spent on travel in 2016, but these firms are not always able to see where those dollars are going. As with most things that happen at such establishments, though, the process includes its share of friction, despair and disappointment, and 70 percent of millennials downright hate dealing with it.

Data 110

Data Millennials Management Trends 110

PYMNTS

SEPTEMBER 4, 2017

The credit card company’s annual Digital Payments report, released Friday (Sept. say they have used contactless card technology to make a payment since the technology was first launched in September 2007. card payments made in June of 2017 were contactless, researchers noted. More than a third of U.K. More than a third of U.K.

Payments 135

Payments Survey Cards Mobile 135

PYMNTS

JANUARY 8, 2019

By 2016, Chime was in the market with the full suite of features that digital banks offer today. As a pure-play digital bank, Chime offers as its primary product an entirely mobile/digital banking application that gives customers access to a network-branded debit card and a savings account. ”

Digital Banking 160

Digital Banking Tools Cards Millennials 160

PYMNTS

JANUARY 21, 2020

As PYMNTS had previous covered, way back in 2017, cloud-based travel and expense report management solution Certify bought nuTravel in a deal designed to enable Certify to launch a new solution using nuTravel technology. But millennials are hardly the only force for change in the broader travel industry. Bigger Trends.

Innovation 101

Innovation Millennials Trends Examples 101

PYMNTS

FEBRUARY 27, 2018

As more millennials enter the workforce, passwords are going out the door. A recent study found that three-quarters of millennials report preferring the use of biometric solutions to log into device applications, while older generations still prefer using complex passwords for authentication. News From the Digital ID Space.

Security 110

Security Report National Millennials 110

PYMNTS

OCTOBER 31, 2016

Now, cybercriminals, being the clever people that they are, have managed to find the weak links in just about every environment. The 2016 Edelman Trust Barometer was recently published and shows banks actually gaining ground — up 8 percent since the financial crisis. Prepaid cards are in the “other” category.).

Regulation 100

Regulation Innovation Data Industry 100

William Mills

MAY 11, 2016

William Mills Agency and Beyond the Arc will be live blogging at FinovateSpring 2016. Credit cards offer rewards but over 60% of payments are made on debit cards. CreditHQ helps businesses manage cashflow. Managing cash flow – targeted at small business in partnership with banks. ^KT. Plus the 1% rewards.

Video 40

Video Mobile social media Analytics 40

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

William Mills

MAY 11, 2016

William Mills Agency and Beyond the Arc will be live blogging at FinovateSpring 2016. This approach makes a lot of sense– but not sure if it would meet the governance and compliance considerations of most banks and investment management firms. ^SR Going to speak about technology can be better used in the card world.

Video 40

Video Lending social media Analytics 40

PYMNTS

DECEMBER 8, 2017

Here are the numbers: $390 billion | Value of donations to nonprofit organizations in 2016. Within that $390 billion, online giving was up 10 percent last year, and mobile accounted for about 15 percent of those online transactions — percentage that is likely to grow as millennials become a stronger economic force. taking the lead.

Mobile 109

Mobile Data Payments Millennials 109

PYMNTS

JUNE 22, 2017

As of early 2016, SRIs had spiked a third to $8.72 trillion , representing about one-fifth of all managed investments. With every purchase you make through your Aspiration debit card, your score changes,” Cherny said. The Right Tool for Millennial Shoppers?

Millennials 117

Millennials Digital Banking Survey Tools 117

PYMNTS

SEPTEMBER 21, 2018

Cybercriminals are finding new fraud opportunities as consumers turn to connected channels to manage their bank accounts. million Americans experienced fraud in 2017, and roughly 30 percent were notified of a data breach last year — a 12 percent increase over 2016 — as bad actors stole nearly $17 billion from unwitting victims.

Fraud 100

Fraud Security Cards Mobile 100

PYMNTS

JUNE 8, 2016

As Peter Read , President of Peoples Card Services , recently pointed out to PYMNTS, needs are never static, and neither should the payments innovation aimed at addressing them. This is due, in large part, to our pioneering partnerships with FinTech companies and card program managers. PR: First, we look in our own backyard.

Innovation 100

Innovation Millennials Cards Fintech 100

CB Insights

DECEMBER 10, 2020

The pandemic has also accelerated recent trends in banking, especially among the millennial demographic, which tends to favor digital banking and online brands over traditional banks. However, both brands have expanded to additional products, such as Venmo’s credit card and Cash App’s stock investing offering. . Business credit cards.

America 101

America Lending Cards San Francisco 101

William Mills

SEPTEMBER 7, 2016

William Mills Agency will be live blogging at Finovate Fall 2016. 09:47 am Finovate Fall 2016 Day 1 Recap. End of Day 1, check back later today for our video recap of Finovate Fall 2016! With CRMnext, replacing a lost card or request a new pin is a one button process. Check back for new updates throughout the day.

Mobile 40

Mobile Cards Fraud Data 40

PYMNTS

MAY 15, 2018

Nana Murugesan, vice president and general manager at Samsung Electronics America, said this is what Samsung has been building up to in recent years, continually tucking new value-add features into its ecosystem. Samsung Rewards launched in November 2016 along with Samsung Pay to help customers derive more value from the service.

Samsung 101

Samsung Millennials Online Mobile 101

PYMNTS

MAY 28, 2019

Much thought is given to millennials and even Generation Z — consumers who were born during fixed periods of time, and who are having an increasing impact on payments and commerce. The app is also designed to teach the younger generation about money management and financial responsibility. Banking App.

Digital Banking 139

Digital Banking Google Mobile Groups 139

PYMNTS

MAY 29, 2020

In a feature story, Uma Wilson, executive vice president and director of treasury management, card and bank product UMB Bank , discusses analyzing client behaviors throughout channels to find unusual activity. Millennials Are Facing Their Second ‘Once-in-a-Lifetime’ Financial Crash . An API-Driven Fix To Digital-First Banking

Maine 130

Maine ATM Innovation Millennials 130

PYMNTS

NOVEMBER 8, 2016

In the latest installment of Data Drivers, PYMNTS’ Karen Webster and Sarah Clark, general manager at Mitek, sifted through what might be done to protect those hundreds of millions (and counting) of accounts, on a large scale and writ small. “As billion global banking users. Europe’s adoption of the 4.1

Security 186

Security Mobile Course Data 186

Independent Banker

AUGUST 9, 2016

Statistics are especially compelling for those trying to attract and maintain the millennial segment. As a group, millennials switch from their primary bank at a pace nearly double the average of other age groups, and they point to high fees and poor loyalty programs as the top reasons why they are dissatisfied with their banks (3).

Community 70

Community Millennials Community Bank America 70

PYMNTS

FEBRUARY 20, 2018

But the data indicates that for an increasing number of users, debt is not being managed correctly. trillion, a $193 billion increase from Q3 and $402 billion higher than the fourth quarter of 2016. Revolving outstanding credit, made up primarily of credit cards, increased at a 13.3 Credit Card Troubles. percent annually.

Lending 105

Lending Cards America New York 105

PYMNTS

MAY 2, 2017

As of January 2016, 43 percent of borrowers were behind in their payments or had stopped making them all together. And now it seems credit cards are coming to the party — Capital One, Synchrony and Discover Financial have all increased their loan-loss provisions and reported increasing delinquencies. Card Weakness.

Millennials 103

Millennials Lending Capital Cards 103

PYMNTS

NOVEMBER 4, 2019

Venmo was up 64 percent year on year, said management. It is rolling out a cash-back rewards program for its Venmo Mastercard debit card at certain retailers, as announced in a press release. consumers can send money domestically through MoneyGram to a recipient’s eligible debit card. Currently available in the U.S.

Groups 101

Groups Payments Mobile Dallas 101

PYMNTS

MARCH 28, 2016

Plus, new research uncovers just how vulnerable employee information is to corporate hackers, why businesses aren’t interested in moving on from checks and how millennial procurement officials are tapping into Facebook to source for their firms. The 2016 Payment Survey found that U.S. All the data gets broken down below.

social media 100

social media Payments Millennials Survey 100

PYMNTS

JANUARY 26, 2018

It seems an era has drawn to a close at the Consumer Finance Protection Bureau (CFPB) as that under Mick Mulvaney, interim director and Office of Management and Budget (OMB) head, gets underway in earnest. In 2016, almost a third of the complaints into this office related to debt collection,” he wrote.

Lending 101

Lending Cards Millennials Data 101

NCR

MAY 9, 2017

Bankrate’s conversion of the Quizzle app (purchased from Quicken Loans in 2016) to Score & Report, white-labeled for use by community banks and credit unions, enables a branded and cost effective solution for quick adoption of new technology. With new fintech app offerings struggling to monetize, investment in 2016 dropped to $12.8

Fintech 75

Fintech Hawaii Community Bank San Francisco 75

PYMNTS

MAY 31, 2017

The service has 450 million global active users and has teamed up with Atlanta-based credit card processing service First Data to grow that number even more, by giving Americans (and Chinese tourists in America) mobile payment options at four million U.S. Alibaba’s market share in digital payments dropped by close to half by the end of 2016.

Mobile 108

Mobile Atlanta America Seattle 108

PYMNTS

JANUARY 25, 2018

This includes checks, brick-and-mortar bank branches, ATM cards and, yes, cash. Once the code is entered at an enabled ATM, he or she can access the cash without using a debit card. Millennials love getting text messages saying your money’s there and [they] just need to go to the nearest ATM,” he said. Postal Service (USPS).

ATM 100

ATM Millennials FDIC New Jersey 100