PYMNTS

JANUARY 22, 2018

More important, perhaps, than the innovations they made on behalf of their more famous lead players, was how their contributions accelerated those innovations’ time to market. Innovation in payments and commerce has an unsung hero, too. And who will influence how innovation happens. Distribution.

Innovation 135

Innovation Online Branding El Paso 135

PYMNTS

SEPTEMBER 18, 2018

And in lending, with the financial crisis in the rearview mirror, a decade on, invention – okay, innovation – has become a hallmark, at least in some corners. But a standstill in the credit markets created a vacuum for a bit, at least along traditional lending conduits. Necessity is the mother of invention.

Lending 148

Lending Innovation Fintech Cards 148

PYMNTS

MAY 23, 2019

Zero, a company that aims to modernize credit cards for the millennial generation, has raised $20 million in a Series A funding round, according to a report. million raise in the fall of 2017, which was led by Eniac, and it also raised $7 million in venture debt from Silicon Valley Bank. Zero announced an $8.5 in a statement.

Cards 135

Cards Millennials FDIC ATM 135

PYMNTS

AUGUST 11, 2017

This stems from emerging markets like China, Russia and the United Arab Emirates starting to move into the luxury purchasing arena, with 70 percent of consumers increasing their spending. Within these emerging markets, we’ve seen retailers make large bets on luxury.

Millennials 122

Millennials Survey Retail social media 122

Accenture

APRIL 26, 2017

Given that this trend is coinciding in with an ongoing shift by younger consumers towards more innovative channels—the likes of wearables, social media and instant messaging—it’s possible that the continued strong usage of branches is a transitory effect. But our study gives no indication of that. Stay tuned. [1-5]

Millennials 233

Millennials social media Innovation Study 233

PYMNTS

JUNE 4, 2019

Cars and quick-service restaurants (QSRs) have been interconnected since drive-ins were the latest innovation. QSRs and coffee merchants have been some of the most prominent testers in the connected commerce market, likely because those are the two categories that are most active among commuter commerce users. percent vs. 45.8

Millennials 184

Millennials Google Mobile Report 184

PYMNTS

MARCH 6, 2019

By today’s standards, it looks anything like an innovative brand. But then, looks can be deceiving — 100 years ago, Corning Glass Works had just introduced a massive innovation into the lives of home cooks everywhere. Yes, Instant Pot-side chats are the fireside chats of the millennial generation.

Branding 108

Branding Millennials Innovation Marketing 108

PYMNTS

OCTOBER 19, 2018

Millennials are credited as the digital generation, leaving their parents and grandparents behind, even though a majority of consumers over the age of 60 are banking online and regularly interacting with chatbots. Data: 500,000: The approximate number of students of Indian origin who traveled abroad to study in 2017.

Data 152

Data Study Millennials Online 152

PYMNTS

JANUARY 31, 2018

31) that Visa Checkout, the online payment method introduced in the United Kingdom in the middle of 2017, hit a milestone by securing 1 million customer accounts. is now among the fastest-growing markets for Visa Checkout. Millennials top the list here, as 85 percent have ordered food delivery. The company said the U.K.

Millennials 100

Millennials Online Study Security 100

William Mills

APRIL 20, 2017

This discussion focused on the intersection of the digital and physical worlds and innovation. Tony Garritano from Progress in Lending held an Innovations Awards event at the London House which showcased seven companies in the mortgage industry that are leading the way in compliance, eClosings, appraisals and information management.

blockchain 46

blockchain Detroit Conference Knowledge Base 46

Abrigo

JUNE 14, 2017

It also “promote[s] a higher standard of trust with customers,” and provides an efficient and affordable “approach to innovation,”especially now that these partnerships are becoming increasingly popular among banks, says René Lacerte in a recent Forbes article. Are your primary customers millennials, demanding mobile banking services?

Fintech 170

Fintech Software Lending Millennials 170

PYMNTS

SEPTEMBER 17, 2018

13 through 16, is further evidence of the eCommerce giant’s “new retail” strategies, where offline and online conduits converge, as noted by sites such as marketing-interactive.com. Data from CBN also found that millennials launched as many as 700,000 shops on the Taobao platform last year. The September event, which spanned Sept.

Millennials 134

Millennials Lending Retail Trends 134

PYMNTS

DECEMBER 28, 2018

There were plenty of tailwinds that pushed the segment forward: A strong economy, healthy consumer interest in credit and advances in credit scoring technology were all instrumental in pushing more consumers into the market, particularly in the first half of the year. Resetting Mortgage Services. They are becoming homebuyers.”

Millennials 145

Millennials Lending System Data 145

PYMNTS

OCTOBER 21, 2019

The move comes amid growth in the larger maternity market, however, with sales of that apparel expected to reach $7.7 percent CAGR since 2017, according to one recent estimate. From rue21 to Walmart, retailers in the clothing and accessories market are enabling ways to make shopping a little easier. Larger Trends.

Trends 101

Trends Retail social media Online 101

PYMNTS

DECEMBER 18, 2019

percent it fell in 2017 according to IWSR, an industry tracker for the drinks market. . Folks in the Millennial generation have maybe a better sense of balance. The gradual shift away from drinking as a central social activity has also created an entrepreneurial opportunity for innovators looking to fill a vacancy.

North Carolina 131

North Carolina Millennials America Boston 131

PYMNTS

JANUARY 10, 2018

For example, over the last two years, Mastercard has moved its focus from start-ups that are still quite nascent, to those that have taken important steps to grow by raising funds, putting an actual product in market and beginning to scale. “And our goal is to find the opportunities to work together with start-up companies.”.

Company 194

Company Meeting Millennials blockchain 194

PYMNTS

JULY 30, 2018

Blue Apron has long enjoyed the distinction of being among the early innovators in the meal kit category. With millennials working multiple gigs, very few have enough time left to make a proper meal — if they aren’t eating out at a local restaurant. Business exploded by the fourth quarter of 2017, and the company reported 1.45

Industry 100

Industry Los Angeles Atlanta New York City 100

PYMNTS

MAY 25, 2017

The firm in March won gold at Innovation Project 2017 for “Best Comeback Story.”. Broadly speaking, said the CEO, “there has been a tremendous amount of technology innovation in restaurants and certainly that has been the case with things like online ordering, online reservations.”.

System 112

System Technology Innovation Tools 112

PYMNTS

JULY 30, 2019

We are excited about the trajectory of our two-sided marketplace — both in terms of geographic diversity and depth in individual markets. billion and is rapidly eating up Grubhub’s market share. The competitive food delivery market could balloon to $24 billion by the year 2023, from $17 billion this year. New Players.

Millennials 100

Millennials Google Mobile Maine 100

PYMNTS

MARCH 29, 2018

Porsche is working with Atlanta-based Clutch Technologies, which developed the app and already markets a vehicle subscription service in parts of the country. CNBC noted the program could be boosting Porsche’s sales — it logged its eighth year in a row of growth in 2017 at the same time that overall U.S. are likely to come in up 0.4

Atlanta 123

Atlanta Taxes Millennials Branding 123

PYMNTS

FEBRUARY 23, 2018

percent in 2017, Taco Bell has been drawing in customers with new food items, a Live Más marketing campaign and new nacho fries for $1. billion in domestic sales — More and more McDonald’s markets are lovin’ it as the iconic American burger chains continues to expand its delivery efforts. . Market Differentiation.

Online 101

Online US Payments Mobile 101

PYMNTS

AUGUST 22, 2018

We are redefining how fashion is bought and sold through technology, data and innovation.”. Those three tranches — the aforementioned technology, data and innovation — are being deployed by Farfetch on a global stage that has a number of zeros attached to it. That was $74 million in 2017. Within that, how much is online?

Online 101

Online Retail Branding Data 101

PYMNTS

DECEMBER 21, 2020

You can see it in how investors are putting money to work in both consumer-facing and B2B startups, and how startups and incumbents are forging new partnerships to move innovation faster to market. And since iPhone users skew more to the affluent, it also denied those innovators the opportunity to monetize their spend.

Apple 227

Apple Study Innovation Survey 227

PYMNTS

MAY 24, 2019

Older customers might prefer human interaction and want nothing to do with automated help , while millennials or Gen Z might want to solve their issues through chat windows powered by AI. clothing rental market is projected to reach $4.4 According to the Payments and The Platform Economy Playbook , the U.S. billion by 2028.

Online 130

Online Millennials Payments Customer Experience 130

PYMNTS

AUGUST 27, 2019

One-third of Gen Z members and more than one-quarter of millennials will make secondhand purchases in 2019 due to environmental concerns and cheaper prices, for example. The online thrifting market combines both of these factors, making it especially popular among both demographic groups.

San Francisco 116

San Francisco Online Retail Millennials 116

PYMNTS

APRIL 19, 2016

” Retailers have come to recognize the incredible marketing opportunity presented by the multi-weekend music festival in Southern California. Todd Smith, president and CMO at Sonic, told MarketWatch that this campaign comes from the company’s long experience with the millennial demographic.

social media 100

social media Millennials San Francisco California 100

PYMNTS

APRIL 5, 2018

The most recent PYMNTS’ Gig Economy Index , for example, found that 51 percent of gig workers surveyed in the fourth quarter of 2017 reported being paid within one week of rendering their services. The survey was conducted in November and December of 2017 and included 22 FIs that represent 78 percent of the ACH Network origination volume.

Tools 108

Tools Survey Payments Examples 108

William Mills

FEBRUARY 22, 2018

According to results from the 2017 NTT DATA Services study on mobile banking, consumers are using their mobile devices for banking services 40% more than they were three years ago. Bankers as Buyers provides insight for institutions looking to fill these gaps by adding more millennials to their staffs. Future Innovations.

Millennials 40

Millennials Digital Strategies Fraud Mobile 40

PYMNTS

APRIL 18, 2019

A big part of the trend is driven by younger consumers — that is, the interest on the part of millennials in using recycled clothing, and caution on the part of the luxury brands in terms of what they can do online. According to the company’s own estimates , the resale market will grow to $41 billion by 2022. Resale Factors.

Retail 117

Retail Online Trends Course 117

PYMNTS

APRIL 30, 2018

QVC President and CEO Mike George said when the deal was announced,“By creating the leader in discovery-based shopping, we will enhance the customer experience, accelerate innovation, leverage our resources and talents to further strengthen our brands, and redeploy savings for innovation and growth. The Beauty & Wellness Makeover.

Branding 129

Branding Millennials Retail social media 129

Fintech Labs Insights

APRIL 4, 2017

Guest post by Theodora Lau, Director of enterprise strategy and innovation at AARP, a sponsor of FinovateSpring 2017. Many of these consumers are financially exposed and ill-prepared in three critical areas where financial innovators can have a transformative impact: Financial fitness. Healthcare emergencies.

Innovation 15

Innovation CA User Experience Meeting 15

PYMNTS

MARCH 1, 2019

markets, aiming to generate repeat visits as part of its experiential retail efforts. DSW began working with W Nail Bar in 2017; the two companies offer salon services at Columbus, Ohio’s Easton Town Center and the Polaris Fashion Place. And NPD Group data found that millennials spent one-third of bra dollars last year on sports bras.

Branding 129

Branding Retail Columbus Las Vegas 129

PYMNTS

DECEMBER 3, 2019

Lots of innovators come to market claiming they’re ready to explosively disrupt the status quo, but the number of products that actually do manage that kind of up-and-to-the-right adoption pattern are far fewer in number. When we asked in 2017 how many consumers have received an instant payment, the answer was a paltry 11 percent.

Payments 141

Payments Risk Management Industry Regulation 141

CB Insights

MARCH 26, 2019

Every few weeks, another story about the dreaded generation surfaces: millennials are killing casual dining; millennials are killing breakfast cereal; millennials are killing home ownership. Millennials aren’t shunning luxury goods; they’re just renting them instead of buying. Millennials are in debt.

Millennials 78

Millennials Industry Trends Branding 78

PYMNTS

AUGUST 13, 2018

Consumers, particularly millennials, are increasingly paying their bills online. According to research from 2017, more than 50 percent of bills in the U.S. are paid online, with 61 percent of those payments coming from millennials. We’re excited to see Zillow enter our market,” he said. Easing the Application Process.

Payments 100

Payments Online Millennials Boston 100

PYMNTS

JANUARY 25, 2018

In the financial services world, most buzzworthy payment innovations are frequently aimed at rendering older, physical financial concepts moot. But not all financial innovations are focused on making such concepts obsolete. some financial institutions (FIs) see a need to innovate how their consumers access cash.

ATM 100

ATM Millennials FDIC New Jersey 100

PYMNTS

MARCH 21, 2019

What would a company as innovation-focused as Amazon want with something as outdated and unfashionable as cable home shopping? came via online sales in 2017, and by 2018 that had grown to 62 percent. Will it compete with QVC for the traditionalists, or Instagram Influencers for the millennials? Hard to say this early on.

Video 108

Video Innovation Retail Online 108