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

FEBRUARY 14, 2020

“We went public when we had about 100 retailers signed on and 30,000 customers, so really early in the process. It helped tremendously, Molnar told Webster, that he came from a retail background and actually didn’t know all that much about the IPO process, although his co-founder, Anthony Eisen, did.

Millennials 159

Millennials Retail Management US 159

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

MARCH 2, 2018

Cash back programs are nothing new for financial institutions (FIs), but the banking industry may be well-served to take a few cues from the masters of rewards: retailers. Despite incentives, a new study found debit cards appear to be more popular than credit cards, especially among younger customers. Think like a retailer.

Millennials 101

Millennials San Diego Cards Retail 101

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

SEPTEMBER 22, 2016

Retailers can already count on more goods flying off their shelves this holiday season, judging by consumer spending. We take a look at some of the mobile news in 2016 to see what the holiday season and 2017 may have in store. Perhaps, if doing so is convenient and hassle-free. Autoplay May Not Mean Autopay. will increase by 33.8

Mobile 100

Mobile Video Millennials Payments 100

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? Global Fraud Attacks.

Trends 100

Trends Retail Fraud Mobile 100

PYMNTS

APRIL 19, 2018

Wendy’s , for example, planned to roll out self-ordering kiosks at about 1,000 of its retail locations by the end of 2017 in an attempt to both lure younger customers and to battle long lines at peak dining hours. Consumers want their orders faster than ever before. The move could also bolster the company’s bottom line.

Retail 102

Retail eBook Customer Experience Ohio 102

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

FICO

APRIL 4, 2017

Our fascination with millennials and their like or dislike of credit continues to occupy its fair share of column inches – so much so that a while back I decided to take a look for myself. The real value of balances between 2005 and 2016 are both down by about 19% when compared to the overall movement in the retail price index.

Millennials 63

Millennials US Lending Groups 63

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

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

JULY 21, 2017

While there are still some retailers today that have either a cash-only policy or still take cash, most consumers do not typically carry it on them. 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.

Payments 143

Payments Apple Cards Samsung 143

PYMNTS

APRIL 25, 2017

According to the National Retail Federation’s (NRF) fourteenth annual survey, consumers are set to spend a record-breaking $23.6 billion in 2016. billion on gift cards (45 percent). But just how much money will people be spending on their moms this year? billion this year, up from $21.4

Analytics 101

Analytics Survey Millennials National 101

PYMNTS

JULY 15, 2016

When Amazon, the largest retailer by market cap, says that it had its best day ever , it’s hard not to call that a sizzle – and then some. That best day – Prime Day 2016 and you all know the stats. Pokémon GO: Pet Rock or Opportunity To Rock Retail? The Summer’s Best Retail Opportunity? . Amazon Sellers .

Retail 100

Retail FDIC Bitcoin Lending 100

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. And cash’s popularity isn’t limited just to retail purchases. He also noted that the company’s retail partners often have a history of embracing new types of payment methods.

Technology 100

Technology San Francisco Analysis United States 100

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. Retailing 2020: Five Things To Watch. Millennials Are Facing Their Second ‘Once-in-a-Lifetime’ Financial Crash .

Maine 130

Maine ATM Innovation Millennials 130

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

JANUARY 21, 2020

(ARC), which says it “provides channel-agnostic tools and insights to help the global travel community connect, grow and thrive,” had taken a majority stake in nuTravel, described as a “leading developer of applications that provide airlines with online retailing solutions with enhanced features to support travel agency services.”.

Innovation 101

Innovation Millennials Trends Examples 101

PYMNTS

OCTOBER 31, 2016

We now have a bipartisan haranguing of banks — all banks — over their retail banking practices. The 2016 Edelman Trust Barometer was recently published and shows banks actually gaining ground — up 8 percent since the financial crisis. Only then did the CFPB report that complaints about prepaid cards topped their list for the month.

Regulation 100

Regulation Innovation Data Industry 100

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

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. Portfolio outlooks, recommendation.Provide retail and advisory users the insight they need with Polly Portfolio. Retail for a piece. David Marsyla (CEO).

Video 40

Video Mobile social media Analytics 40

PYMNTS

NOVEMBER 10, 2016

The year 2016 has not been an easy one for Target — as its same-store sales have slipped, grocery has been an ongoing problem, and Target finds itself increasingly squeezed from two sides: by an expanding Walmart in the physical world and an ever-growing Amazon online. But starting with things that are pretty and fun?

Course 145

Course Groups Online Trends 145

PYMNTS

FEBRUARY 15, 2018

The option to buy online and pick up in-store has been at BJ’s since early 2016, near a full year before Costco or Sam’s Club acquired similar coverage. Having had it in the market now for a few months, we’ve absolutely seen that Add-to-Card coupons are a massive hit with our customers. A Unified Omnicommerce Focus.

Leadership 109

Leadership Mobile Massachusetts Retail 109

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.

Samsung 101

Samsung Millennials Online Mobile 101

PYMNTS

JANUARY 2, 2017

In 2016, the PYMNTS.com Tracker series kept tabs on practically everything within the payments and commerce ecosystem, from A to Z (that’s ACH transfers to Ziosk). From using virtual reality to overhauling the retail industry to shifting trends in cross-border payments, here are some of the highlights from our 2016 Trackers.

Retail 123

Retail Millennials blockchain Mobile 123

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. But let’s not forget the role of the teenager in digital retail, financial services and transactions. Retail and Teenagers. million in fresh capital.

Digital Banking 139

Digital Banking Google Mobile Groups 139

PYMNTS

JANUARY 26, 2018

In 2016, almost a third of the complaints into this office related to debt collection,” he wrote. percent related to prepaid cards and 2 percent to payday lending. Costco for Millennials: Forget the dad jeans. Physical Retail: Remember Geoffrey the Giraffe, or trolling the toy-filled aisles looking for the perfect bike?

Lending 101

Lending Cards Millennials Data 101

PYMNTS

JANUARY 2, 2017

Every Monday, this column space is dedicated to the musings of Karen Webster and her take on all things payments, commerce and retail. It’s as if the retail world is really coming down to Walmart versus Amazon. makes it the largest retailer in the world in terms of revenue and number of employees. Walmart Vs. Amazon.

Millennials 119

Millennials Apple Retail Mobile 119

William Mills

MAY 11, 2016

William Mills Agency and Beyond the Arc will be live blogging at FinovateSpring 2016. 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. Going to speak about technology can be better used in the card world. Maria Gurina (Bus.

Video 40

Video Lending social media Analytics 40

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

Tomorrow's Transactions

JANUARY 25, 2016

I gave a talk about key trends in digital payments for 2016 and since I got some very nice feedback on it, I thought I would put a few of the key points on Tomorrow’s Transactions. There are plenty of rumours of who has and hasn’t got a payments licence, but I think one underplayed angle is that of the retailers.

Trends 39

Trends Payments Millennials blockchain 39

PYMNTS

FEBRUARY 20, 2018

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. Store-card issuers Synchrony and Citibank reported a similar issue: Loan volume was growing, but defaults were too.

Lending 105

Lending Cards America New York 105

PYMNTS

NOVEMBER 4, 2019

It is rolling out a cash-back rewards program for its Venmo Mastercard debit card at certain retailers, as announced in a press release. The cash back will be deposited straight into users’ Venmo accounts, from where it can be used to pay friends in the app, buy things using the card or pay merchants that accept Venmo.

Groups 101

Groups Payments Mobile Dallas 101

PYMNTS

DECEMBER 31, 2016

Au revoir, 2016! Hey, sometimes, keeping up the good work is enough, and 2016 was certainly a good year for Snapchat. The startup drew jealous ire from competitor Facebook/Instagram , success from millennials and confused befuddlement from baby boomers this year, along with a $1.81 It’s been nice knowing you. Oh, chatbots.

Apple 109

Apple Security social media Study 109

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 3, 2017

As PYMNTS.com’s Karen Webster noted in 2016, use of contactless and other forms of mobile payments in Canada are skyrocketing. Like most other mPOS systems, American Express’ Amex Pay allows cardholders to pay for purchases by tapping their smartphone against a compatible terminal, with or without the card present.

Payments 100

Payments Mobile Apple Study 100