PYMNTS

JUNE 22, 2020

“Post-2009, millennials demonstrated a clear aversion to financial risk, especially for lifestyle purchases, resulting in a tangible shift away from credit cards. Consumers are reaching for their debit cards and avoiding expensive credit card interest and fees,” Molnar said. Retail Response Requested.

Millennials 151

Millennials Cards Examples Retail 151

FICO

JUNE 22, 2016

Last year Millennials surpassed Baby Boomers as the largest generation in the U.S. ( Pew Research, 2016 ). Millennials (those born between 1997-1981) now number 75.4 Yes, I’d like a Credit Card. Indeed, FICO’s research shows that just 64% of Millennials 18-24 have credit cards.

Millennials 67

Millennials eBook Analytics Cards 67

PYMNTS

DECEMBER 29, 2016

PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of …” eBook. Payments 2016: The Year Of “Hesitation”. I’ve got more digital wallets than credit cards. Initiative vs. the reality rollout.

Payments 108

Payments eBook Industry Cards 108

CB Insights

SEPTEMBER 10, 2019

While the media often portrays millennials as preoccupied with the rising prices of festival tickets and avocado toast, their real financial concerns are a bit more practical. But millennials face significant headwinds in making those financial dreams a reality. get the REPORT on next generation investors. From big banks to big tech.

Millennials 77

Millennials Mobile Lending Cards 77

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. and in key markets internationally.”. million new cards globally. versus the $1.28

Cards 101

Cards social media Millennials Marketing 101

PYMNTS

FEBRUARY 7, 2020

Robinhood , the investment app that upended its market by elimination of commissions on stock trades is bringing its brand of disruption to the United Kingdom. Robinhood made money and picked up business without focusing on the rules,” said Tyler Gellasch, executive director of trade association Healthy Markets Association in a statement. “As

United States 150

United States FDIC Millennials cryptocurrency 150

PYMNTS

SEPTEMBER 22, 2016

We take a look at some of the mobile news in 2016 to see what the holiday season and 2017 may have in store. Marketers have latched onto this idea and are ready with videos when consumers visit a website. Marketers might want to rethink. Perhaps, if doing so is convenient and hassle-free. Autoplay May Not Mean Autopay.

Mobile 100

Mobile Video Millennials Payments 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

MARCH 2, 2018

Several major banks and FIs — including Bank of America, Discover and Wells Fargo, among others — offer cash back rewards on their credit card products to entice customers and encourage brand loyalty. Despite incentives, a new study found debit cards appear to be more popular than credit cards, especially among younger customers.

Millennials 101

Millennials San Diego Cards Retail 101

PYMNTS

MAY 4, 2020

Robinhood Markets, coming off a new $280 million funding round backed by Sequoia Capital, has seen its value and services expand during the coronavirus pandemic, according to a Reuters report. More market turmoil has also driven people’s interest. The company, launched in 2013, is now valued at $8.3

FDIC 131

FDIC Fintech Millennials Management 131

PYMNTS

FEBRUARY 14, 2020

While it’s certainly not the case with every firm, for many, years of venture funding and building size and scale are considered favorable to an early entrance into the public markets with the vicissitudes of public investors. But in Australia, Afterpay Co-Founder and U.S.

Millennials 159

Millennials Retail Management US 159

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

OCTOBER 13, 2020

Shoppers can use Afterpay to buy items in select retail stores using their Afterpay card, a virtual, contactless card stored in their digital wallet,” the firm said in a Tuesday (Oct. Afterpay has announced its in-store buy now, pay later (BNPL) service is being offered by major retailers at locations across the country.

Retail 130

Retail United States Millennials Branding 130

NCR

DECEMBER 19, 2016

From the gradual adjustment to EMV chip card technology in the US to the ongoing growth of fintechs and challenger banks, 2016 has been a big year for the financial services sector. EMV chip technology for credit and debit cards was rolled out in the US in October 2015. Getting onboard with EMV. Unpredictability in payments.

blockchain 40

blockchain Fraud Fintech Cards 40

PYMNTS

JANUARY 24, 2018

percent between 2016 and 2021. percent from 2016 to 2021. Approximately 80 percent of Brazilian households have a payment card, which is used for 30 percent of household purchases. The value of cash-based transactions made in the Americas in 2016 is valued at approximately $3.02 In the U.S., cash usage grew by 4.7

America 122

America ATM New Jersey Millennials 122

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

AUGUST 23, 2019

The Chicago-based company revealed that CFO Michael Randolfi, who has been with the company since 2016, is resigning, effective Friday (Aug. 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.

Chicago 145

Chicago Millennials Tools Study 145

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

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

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 A New Generation Of Spenders Rising.

Data 103

Data Cards Millennials Groups 103

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. Most new product and service innovations are driven by front-line customer interactions and feedback and by staying in close touch with market developments.

Innovation 100

Innovation Millennials Cards Fintech 100

PYMNTS

OCTOBER 31, 2016

Frank Lucas (R-OK) seemed to sum it all up: “[The banking industry] just made it really hard for those of us who want to maintain the concept of a market economy and who want to make sure that the bankers, not some bureaucrat somewhere, are the arbitrageurs of capital.”. Prepaid cards are in the “other” category.).

Regulation 100

Regulation Innovation Data Industry 100

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

JUNE 22, 2017

As of early 2016, SRIs had spiked a third to $8.72 Recognizing a market for socially responsible financial tools, digital-first bank Aspiration recently launched a new service to help conscious consumers better understand the social impact of their everyday purchases. The Right Tool for Millennial Shoppers?

Millennials 117

Millennials Digital Banking Survey Tools 117

PYMNTS

FEBRUARY 27, 2018

In several markets around the world, biometric solutions are gaining ground among consumers, companies and government organizations. As more millennials enter the workforce, passwords are going out the door. The cards will work to store Greek citizens’ biometric data on a microchip and will allow visa-free travel to the U.S.

Security 110

Security Report National Millennials 110

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 Singapore startup has raked in just under SG$5 million ($3.52

Millennials 100

Millennials Regional Marketing Report 100

William Mills

MAY 11, 2016

William Mills Agency and Beyond the Arc will be live blogging at FinovateSpring 2016. Sergii Danilenko (Head of Marketing). Sabina Bhatia (Director, Marketing). 01:20 pm William Mills, CEO of William Mills Agency, and Stephen Ramirez, CEO of Beyond the Arc, discuss highlights from FinovateSpring 2016 Day 1.

Video 40

Video Lending social media Analytics 40

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. Chip card reader for when customers are shopping online to improve security. Verifies the card and pushes that information onto the merchant.

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

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. I think cards from Dynamics ARE big in Canada.

Mobile 40

Mobile Cards Fraud Data 40

PYMNTS

MAY 15, 2018

Samsung Rewards launched in November 2016 along with Samsung Pay to help customers derive more value from the service. The Challenge of the Bridge Millennial. Bridge millennials have careers and disposable income. There are certain categories in which shoppers prefer to touch and feel products before they buy. What’s Next.

Samsung 101

Samsung Millennials Online Mobile 101

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. market, they are still far from replacing cash. “So But even with these new choices, Americans still cling to cash when making many purchases. Paid in cash, pay in cash.

Technology 100

Technology San Francisco Analysis United States 100

PYMNTS

MAY 2, 2017

Add to that the diminished value of used cars — down about 8 percent this year — and auto lenders like Ally Financial are predicting a market that will be contracting this year. As of January 2016, 43 percent of borrowers were behind in their payments or had stopped making them all together. Card Weakness. trillion of $3.6

Millennials 103

Millennials Lending Capital Cards 103

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. Tech companies are chipping away at the traditional bank’s market share. get the full 45-page disrupting investment banking report. Category breakdown .

America 101

America Lending Cards San Francisco 101

PYMNTS

APRIL 4, 2016

This marketing promotion seeks to recreate the success of the brand’s 2014–2015 U.S. Not one to lose out on that sweet, Lee Greenwood-based revenue from millennials without a fight, the Pepsi to Coca-Cola’s Coke — AKA Pepsi — is launching its own interactive campaign this summer called “PepsiMojis.”.

social media 100

social media Millennials New York Branding 100

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. As of January of 2016, 43 percent of borrowers were behind in their payments, or had stopped making them at all. Millennial Troubles.

Millennials 100

Millennials Lending Policies United States 100

PYMNTS

SEPTEMBER 18, 2018

But a standstill in the credit markets created a vacuum for a bit, at least along traditional lending conduits. Much has been said about the wealth effect of those who held and hold stock market securities, and much has been written about income disparity. Mortgages and Credit Cards and Student Debt…. Mortgages ?

Lending 148

Lending Innovation Fintech Cards 148