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. 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.

United States 150

United States FDIC Millennials cryptocurrency 150

PYMNTS

OCTOBER 21, 2020

21) that it is launching a new destination for electronics products to feature Certified Refurbished products, not from its sellers but from brands like De'Longhi, Dirt Devil, Hoover, Makita, Philips and Razer, which will sell exclusively on the eBay platform. The reCommerce trend continues to gain momentum. eBay announced on Wednesday (Oct.

Branding 192

Branding Samsung Meeting Millennials 192

PYMNTS

SEPTEMBER 14, 2018

Last month, the financial institution (FI) announced it was expanding the Sapphire credit card brand into new areas of personal finance, including checking accounts. With the new checking accounts, customers will get access to sporting events and other entertainment, just as Sapphire Reserve credit card customers do.

Cards 123

Cards Millennials ATM Branding 123

PYMNTS

SEPTEMBER 3, 2018

Here at PYMNTS our resident expert in thinking outside of the lines as laid out by conventional wisdom is Karen Webster — and summer 2018 has been a particularly good time for drawing long and unexpected lines way outside the box, and into a rapidly changing future. AKA thinking outside of the box.

Innovation 100

Innovation Branding Retail Regulation 100

PYMNTS

FEBRUARY 7, 2020

The no-interest, no-fee nature of these solutions intrigues consumers — especially the millennial and Generation Z demographics — searching for alternative payment methods that can grant them further flexibility and convenience while shopping. Around The Buy Now, Pay Later World.

Industry 167

Industry Millennials Retail Mobile 167

PYMNTS

SEPTEMBER 16, 2019

In the payments ecosystem, we need look no further than the bridge millennial for how the connected purchasing experience will evolve over the next decade. Bridge millennials own slightly more devices than the average consumer in our study: six devices compared to the roughly five that most consumers own. This group of 60 million U.S.

Millennials 222

Millennials Study Course Trends 222

PYMNTS

FEBRUARY 6, 2020

What brand doesn’t want to sit next to Beyonce or Kim at a fashion show? “I It’s also typically fairly fast moving, but for Klarna it gets us close to great brands. We want those great brands to adopt Klarna.”. The brand will host a pop-up store where attendees can shop straight from the presentations on-site.

Retail 142

Retail New York Branding Millennials 142

PYMNTS

DECEMBER 9, 2019

This is especially true when attitudes toward holiday payment standbys like credit cards rapidly change between generations. The goal is not to wholly replace credit but to find methods that connect with credit- or debt-shy consumers during the holidays, noted Nick Kaplan, president of fashion brand Fashion To Figure.

Millennials 131

Millennials Branding Retail Payments 131

PYMNTS

FEBRUARY 1, 2019

The fourth quarter of 2018 was kind to Venmo and Zelle , the two big peer-to-peer (P2P) services that are battling for consumer loyalty and market supremacy — a fight that pits PayPal , the owner of Venmo, against the banks that operate Zelle. 31, 2018, with a year-end goal of 300 million.) P2P Numbers. Zelle Bank Gains.

Cards 179

Cards Payments Mobile Operations 179

PYMNTS

JANUARY 8, 2019

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. The brand has been popular with young professionals. Toward that end, Chime acquired consumer credit startup Pinch late in 2018.

Digital Banking 160

Digital Banking Tools Cards Millennials 160

PYMNTS

MARCH 10, 2020

Between 2018 and 2019, there was a 162 percent increase in buy now, pay later (BNPL) downloads – rising to roughly six million – of the most popular new “layaway” apps by the close of last year. Many are leaving credit behind, with approximately 40 percent of millennials fearing credit card debt,” the report states.

Case Study 135

Case Study Retail Millennials Branding 135

PYMNTS

MAY 28, 2019

The company integrated GO-PAY into the GO-JEK app, which lets customers store money on their mobile phones, much like a digital debit card. billion – of funds were lost to card fraud in 2018, up from $1.4 Smartphones contributed one trillion dollars to overall retail sales in the United States during 2018.

Apple 159

Apple Mobile Fraud Branding 159

CB Insights

AUGUST 2, 2018

One of the biggest trends in fintech today is the rise of digital banking products like mobile checking accounts and new debit cards. From Square to Paypal, a host of fintechs are creating products that let consumers spend money directly out of digital accounts using a physical card. turning Digital p2p payments into debit cards.

Cards 71

Cards Fintech UX Strategy 71

PYMNTS

MAY 29, 2019

billion in 2018, up from under $1 billion in 2013. The company teamed up with Coinbase for a zero-fee branded cryptocurrency trading platform, and there are plans for a credit card by the end of the year. Previous SoFi investors include SoftBank Capital and Peter Thiel. percent annual percentage yield.

San Francisco 116

San Francisco Capital Millennials cryptocurrency 116

PYMNTS

NOVEMBER 2, 2020

“ Membership has its privileges ” was the nine-year ad campaign launched by American Express in 1987 to persuade consumers that it was worth it to pay an annual fee for one of its charge card products. As the slogan implied, being an American Express card member was the only way to unlock those benefits. Those are the 47 million U.S.

Millennials 246

Millennials Retail Online Report 246

PYMNTS

JUNE 6, 2019

The 2018 Boston Pride parade reportedly saw more than 750,000 spectators and over 55,000 marchers. This makes enabling credit card payments critical and helps cater to those who would opt for pricier tattoos if not limited to funds on hand. “[If Even though her lollipops sell for just $2, she said credit card acceptance was critical.

San Diego 137

San Diego Boston Cards New York 137

PYMNTS

FEBRUARY 11, 2020

If there was any stigma left about used clothing it may have been erased last week as Nordstrom put its high-end brand on what it calls “re-commerce.”. The company says 56 million women bought secondhand items in 2018, up from 44 million a year earlier. It is playing the sustainability card this year, with Fashion Footprint Calculator.

New York City 124

New York City Marketing New York Los Angeles 124

PYMNTS

MAY 25, 2018

Following the quarterly check-in with parent firm L Brands , which also owns Bath & Body Works and the youth-oriented PINK lingerie brand, the reviews have not been kind. L Brands slashed its earnings estimates by 8 percent. For fiscal 2018, L Brands now expects earnings per share to fall within a range of $2.70

Branding 108

Branding Retail Cards Online 108

PYMNTS

SEPTEMBER 30, 2019

According to the 2018 Global Brand Counterfeiting Report , luxury fashion brands are a favored target. This is revenue drain on brands and has the potential to damage their public image, as well. Millennials and Gen Z are driving the growth of the secondhand market and eCommerce, generally. Social Media.

Online 101

Online Fraud Branding social media 101

PYMNTS

FEBRUARY 11, 2019

The youngest of the bridge millennials – those 30- to 40-year-olds who today represent the first generation of connected consumers with spending power – will be having their mid-life crises at the age of 50. Consumers won’t be walking up to a cashier after standing in a checkout line to swipe a card when they visit a store.

Online 197

Online Retail Mobile Branding 197

PYMNTS

FEBRUARY 18, 2019

I hosted a digital discussion last week with an executive from Sift with more than 15 years of experience building trust and safety organizations for some of the biggest digital brands in the world – including Google , Facebook and Square. own voice-activated speakers, as do more than a third of the 30- to 40-year-old bridge millennials.

Cards 169

Cards Course Study New York 169

PYMNTS

JULY 25, 2019

Consumers may still champion cash as their preferred method of payment, but its use declined 3 percent as measured between 2015 and 2018. Other options, such as credit cards and payment apps like Venmo , are increasingly gaining traction. That’s especially true among younger users such as millennials.

Payments 189

Payments Innovation Examples FDIC 189

PYMNTS

FEBRUARY 20, 2018

Revolving outstanding credit, made up primarily of credit cards, increased at a 13.3 Despite the decline in confidence, consumers’ expectations remain at historically strong levels, suggesting economic growth will continue well into 2018,” she said. Credit Card Troubles. percent in 2018 — up from the 4.32

Lending 105

Lending Cards America New York 105

PYMNTS

JUNE 7, 2019

. — we all know that person who waxes poetic about hops, roasting and IBUs — “beer sales have been on the decline in recent years, recording a 1 percent drop by volume in 2017 and 2018, according to the Brewers Association, a trade group for small and independent brewers.” The culprit? But payments stands as the big issue for legal cannabis.

Retail 124

Retail Industry New York Millennials 124

PYMNTS

AUGUST 6, 2018

Grubhub made news a couple weeks ago when it simultaneously delivered a very strong Q2 2018 earnings report and announced the acquisition of LevelUp. In February of 2018, Yum! Brands franchisees who are now being asked to get on board the Grubhub delivery platform. It’s where I grabbed this image, in fact. It made perfect sense.

Online 125

Online Branding Mobile Millennials 125

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

CB Insights

OCTOBER 10, 2018

Investors are ramping up investment: In the first 10 months of 2018, this cohort has seen investors participate in 53 investments worth $1.72B, representing 57% of the $3B raised in the last 5 years. The core product is a digital-first app that tracks spending from a linked card issued by either MasterCard or Visa. Millennials.

Retail 78

Retail Cards Millennials Mobile 78

PYMNTS

JANUARY 31, 2020

For Chinese consumers, the partnership will allow any UnionPay consumer to link their card credentials to a PayPal wallet — and start transactions with PayPal’s 24 million merchants worldwide. That is a lot more than the card networks have right now.”. It depends a little on how this plays out.

Bitcoin 100

Bitcoin Payments Los Angeles blockchain 100

PYMNTS

DECEMBER 30, 2020

Robinhood offers an easy-to-use app to trade stocks commission-free, making the company popular with millennials. billion in 2018 based on $165 million funding round that included Google parent Alphabet. The industry thinks, ‘If we can just get this payment on ACH or card, the problem goes away.’ on March 13. Billtrust ($1.3

Marketing 198

Marketing Company Online Management 198

PYMNTS

APRIL 13, 2018

Retail’s outlook, on the other hand – particularly for large, legacy brands like Sears – is predicted to have a bit more darkness left before its dawn. There is, of course, a lot of 2018 left, and the retail picture in the U.S. A full-fledged nod, finally, to gathering speed at the POS – and how much millennials hate cursive.

Retail 116

Retail Course Washington Marketing 116

PYMNTS

OCTOBER 22, 2018

We have brand-new data that reveals how much change is happening. People of all stripes — from millennials to baby boomers, from Generation X to the Greatest Generation — are increasingly swapping the friction of shopping in a store for the convenience of using one of the many connected devices they now own to shop and buy from instead.

Millennials 212

Millennials Study Payments Data 212

Tech and Finance

JUNE 14, 2018

June 11 Extend’s Millennials Report Shows Only 11% Of Millennials Have A Business Credit Card From Their Employer. The survey also found that nearly 25% of participants borrow a colleagues’ business credit card to make business purchases. • May 2018 GlobalData. – 52.3% million being entrepreneurs.

Survey 28

Survey Millennials Fraud Mobile 28

PYMNTS

APRIL 26, 2018

“I’m pleased to say PayPal had another quarter of great results and we’re off to a great start in the new year,” CEO Dan Schulman noted at the opening of his remarks to investors when reporting 1Q 2018 results and providing insight into the company’s ambitious plans for future growth. Merchant accounts now top 19 million.

Mobile 117

Mobile Payments United States Millennials 117

NCR

NOVEMBER 15, 2017

If you lose a card or want to update a billing address, you’re expected to go on a journey of self-discovery to remember all the different places your financial information is stored, which can be time-consuming and complex. It has been suggested that simplicity is a particularly important concept for younger people and millennials.

Customer Experience 59

Customer Experience Mobile Digital Banking Millennials 59

Gonzobanker

DECEMBER 20, 2018

GonzoBankers, 2018 has been a troublesome year. about the best and worst in banking for 2018 and get fired up to start again in ’19. Ladies and gentlemen, we bring you the 2018 GonzoBanker Awards ! Although all banks faced stock headwinds in 2018, we give the nod to William Demchak at PNC Financial Services.

Fintech 105

Fintech Conference Innovation Community 105

CB Insights

JUNE 17, 2020

For example, in 2018, 18% of American doctors reported treating a patient via telemedicine. Meanwhile, brands that were already virtual-first have seen dramatic increases in adoption during the crisis. Sales of the interactive at-home fitness brand Mirror doubled in the weeks following Covid-19’s arrival in the US.

Industry 101

Industry Technology Online Video 101

PYMNTS

JANUARY 7, 2019

We have seen the power of those icons on those devices over the last decade: 52 percent of all internet traffic in 2018 came via a mobile device. In 2018, it was estimated that roughly 45 percent of all digital purchases, and 40 percent of all commerce, was done via the mobile device. Today, some 59 percent of POS terminals in the U.S.

Mobile 205

Mobile Innovation Apple Study 205