PYMNTS

NOVEMBER 6, 2019

Venmo has also been adding features to differentiate itself, such as rolling out a cash-back rewards program for its Venmo Mastercard debit card at certain retailers, as announced in a press release. Square also offers small business loans and has a Visa debit card linked to the app, which lets users treat it like a bank account.

Millennials 107

Millennials Payments Cards Survey 107

PYMNTS

MAY 10, 2017

JPMorgan Chase is intensifying its rewards points battle with American Express by offering 100,000 Chase Ultimate Rewards points for its Sapphire, Sapphire Preferred and Sapphire Reserve credit card holders that open a mortgage with the company. Earlier this week Chase announced the new offer , which will run through August 6.

Cards 100

Cards Millennials Branding Report 100

PYMNTS

JANUARY 10, 2017

Membership-only warehouse club Costco rounded out 2016 with a bang. Both millennials and Gen Z shoppers, no longer tagging along with mom, have been popping into stores to get their own membership cards. As a result, according to Costco executives, the average age of the card-carrying member has dropped by at least two years.

Millennials 100

Millennials Washington Regional Cards 100

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

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

PYMNTS

JUNE 17, 2016

Millennials in China make the vast majority of the mobile payments taking place, eMarketer reported on Thursday (June 16). million users in 2016. Mobile device users ages 21–29 and 30–39 are leading the charge in the country’s mobile payments adoption. percent annually to reach 195.3 In comparison, the U.S. can claim only about 37.5

Millennials 100

Millennials Mobile Payments Marketing 100

PYMNTS

JULY 28, 2016

Credit cards come in all sorts of flavors, from low interest ones to cards that reward you for shopping or traveling. But while variety is the spice of life, a new survey by Citi finds new credit card shoppers largely care about one thing: the rewards. The survey found only 20 percent of survey respondents use a digital wallet.

Cards 100

Cards Survey Millennials Study 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

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

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

SEPTEMBER 21, 2018

billion on candy and $400 million on greeting cards. With 179 million Americans planning to celebrate, up from 171 million the year before, sales were projected to surpass those of 2016. percent from 2016. percent from 2016. compared to 2016’s $82.93. In addition, consumers are planning to spend $2.6

National 126

National Retail Millennials Survey 126

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

FEBRUARY 7, 2020

It chiefly attracts millennials interested in trading stocks and cryptocurrency. In the United States, by 2016, it grew to 1 million subscribers and 6 million by October 2018. 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

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. Goldman CEO Boasts Of High Apple Card Demand. Goldman Sachs CEO David Solomon noted that there has been a lot of demand for Apple Card as of its launch in August.

Apple 108

Apple Cards San Francisco Payments 108

PYMNTS

MARCH 2, 2018

Millennials are apparently reporting losing money to fraud more often than seniors. But when seniors do become financial victims, they typically take a bigger hit than millennials do, the Federal Trade Commission (FTC) said in a press release. And tax fraud was the second most common type of identity theft reported by consumers.

Millennials 138

Millennials Fraud Taxes Report 138

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 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.

Millennials 159

Millennials Retail Management US 159

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.

Survey 115

Survey Mobile Millennials Cards 115

PYMNTS

DECEMBER 12, 2019

“We’ll still have existing revenue streams, and, in addition, we’ll add revenue from interchange on debit card transactions. The cash management feature is offered in partnership with a bank, and has debit cards, as well as deposits backed by the Federal Deposit Insurance Corporation (FDIC). stocks, exchange-traded funds and options.

FDIC 135

FDIC Millennials Management Fintech 135

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

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

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

PYMNTS

MAY 25, 2018

Numerous researchers have shown that consumers do not treat medical debt the same as credit or debit card debt, or other forms of outstanding bills. TransUnion found that in 2016 — the most recent data available — almost 75 percent of millennials did not pay their medical bills in full.

Technology 166

Technology Payments Millennials blockchain 166

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

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 Millennials 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

DECEMBER 22, 2016

PYMNTS.com spoke with Britt in June about how digital banking is appealing to millennial customers. As 2016 wraps up, PYMNTS reconnected with Britt to reflect on the year in banking and look ahead to what 2017 could have in store. The millennial advantage. Doing what the big banks won’t?

Millennials 100

Millennials Digital Banking Mobile Industry 100

PYMNTS

APRIL 21, 2016

American Express finally got some good news, overdrafts hit millennials particularly hard, Forter had a big Series C and new parents spent a lot of money shopping online. Billion | The total value of American Express’ top line in Q2 2016, up 2 percent over Q1. So what are the data tidbits everyone should know right now?

Data 100

Data Millennials Online Cards 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

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. A study by eMarketer shows that most people, especially millennials , prefer to chat or message instead of calling on the phone. Groupon’s chief financial officer has stepped down.

Chicago 145

Chicago Millennials Tools Study 145

PYMNTS

NOVEMBER 30, 2017

was raised in 2016 from £20 to £30, the overall volume of contactless payments tripled. As of 2016, total banknotes in circulation grew by 10 percent to reach £70 billion — the fastest growth in a decade, according to the Bank of England (BoE). in 2016, according to BoE’s data. As of 2016, some 3.7 continues to climb.

ATM 165

ATM Payments Analysis Cards 165

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

JUNE 22, 2017

As of early 2016, SRIs had spiked a third to $8.72 With every purchase you make through your Aspiration debit card, your score changes,” Cherny said. The Right Tool for Millennial Shoppers? The good news for companies is millennials already understand the role businesses can play in making a difference in the world.

Millennials 117

Millennials Digital Banking Survey Tools 117

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

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. That’s new.

Video 40

Video Mobile social media Analytics 40

PYMNTS

APRIL 25, 2017

billion in 2016. billion on gift cards (45 percent). We will see older millennials (25 to 34) spend the most, and younger consumers will put their online shopping skills to good use to purchase the perfect gift.” billion this year, up from $21.4

Analytics 101

Analytics Survey Millennials National 101

PYMNTS

JULY 21, 2017

The data also shared that 56 percent of millennials do not feel comfortable carrying cash in their wallet, which could be due to concerns of either spending it all too quickly or losing it. Finance’s Head of Cards, Richard Koch, commented on these findings and shared future projections for this trend.

Payments 143

Payments Apple Cards Samsung 143