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Millennial Entrepreneurs’ Optimism Is Booming — Here’s Their Top Concern

PYMNTS

As millennials continue to grow their presence in the small business (SMB) community, the dynamics of SMB finance are also changing. According to some experts , millennial small business owners no longer accept mediocre or sub-par services from their financial providers. million millennials now make up more than a quarter of the U.S.

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Best New Financial Apps 2016, The List

Bank Innovation

Robinhood: On Target Launched in December 2014, Robinhood is a zero-fee stock trading app that quickly gained popularity among financially ambitious millennials. Robinhood was paid the enormous compliment of having “cracked the millennial code” by none other than Jay Sidhu, CEO of Customers Bank and founder of BankMobile.

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Card Spend Pushes Amex Top/Bottom Lines Above Consensus

PYMNTS

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
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Fighting Financial Awkwardness With Faster Payments?

PYMNTS

billion in Q4 2016, the first full quarter of Same Day ACH Credit availability. The peer-to-peer mobile payment service offers a social media element aimed at making the exchange of money more fun for both sides of the transaction. The social side of Venmo makes it less awkward,” said Vaughan.

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Father’s Day, Commerce And The New Millennial Dad

PYMNTS

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.

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Late Payment Patterns, Procurement Via Facebook And The Paper Check Addiction

PYMNTS

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.

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Soda Wars Summer

PYMNTS

The Ad Age story notes that it will also be supported by TV advertising, social media efforts and a summer-long “experiential” tour. The app will also allow users to record a 15-second “digital lip-sync video” that can be shared on social media using the hashtag #ShareaCoke, the brand told Ad Age.