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. Mortgages and Credit Cards and Student Debt…. Necessity is the mother of invention. Invention can become necessity. The trigger for the look back has of course has been the Sept.

Lending 148

Lending Innovation Fintech Cards 148

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

DECEMBER 9, 2019

Statistical swarms of millennials and Gen Zers report never having used a paper check. Stepping into this hot mess have been innovative card products, digital checks and cloud tools that enable more companies to bring indie contractors into the fold. It’s a disconnect that could not be more glaring. Banking on Instant.

Millennials 130

Millennials New York City National New York 130

PYMNTS

SEPTEMBER 16, 2019

And so a sheepherding innovation – and new vocabulary word – was born. 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. Analysts pinpoint certain companies as bellwethers for the performance of a sector.

Millennials 222

Millennials Study Course Trends 222

PYMNTS

JANUARY 1, 2021

For the purposes of this exercise, we’re going to describe the “typical” grocery shopper – a bridge millennial, a 36-year-old mom of 1.93 Our shopper will use her card-on-file with her supermarket. This compares to 39 percent who wanted to register credit cards and 44 percent who wanted to register debit cards last year.

Study 362

Study Survey Exercises Cards 362

PYMNTS

DECEMBER 28, 2018

Charles Dickens’ famous starter to A Tale of Two Cities , as it turns out, is a pretty good way to sum up the year 2018 from the view of the alternative financial services segment. However, as 2018 wore on, headwinds started to blow back on the segment, most especially in the form of rising interest rates.

Millennials 145

Millennials Lending System Data 145

PYMNTS

JULY 25, 2019

In an interview with PYMNTS, Deirdre Ives, CEO and managing director at Wirecard North America, noted that when it comes to innovation, issuers face challenges in meeting the needs and expectations of a diverse populace of users spanning borders and cultures. That’s especially true among younger users such as millennials.

Payments 189

Payments Innovation Examples FDIC 189

PYMNTS

OCTOBER 1, 2019

Fraud has become particularly problematic in the United Kingdom, where last year card-based losses increased by 19 percent compared to the previous year. A report by Lloyds Bank noted that the share of millennial consumers who fall victim to scams increased by 400 percent in the past year, even though overall fraud incidents declined.

Fraud 156

Fraud Millennials Regulation Trends 156

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

MARCH 10, 2020

What instant lending innovation have shoppers fallen in love with? 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. Here’s a hint: We’ll tell you now … and you can thank us later.

Case Study 135

Case Study Retail Millennials Branding 135

PYMNTS

OCTOBER 9, 2019

Payments and other forms of innovation and disruption are taking place as the gig lifestyle spreads across the world and seeps ever further into the daily lives of consumers while becoming more critical to business. percent) while seasonal workers had lower usage throughout 2018, which dipped in Q4 2018.

Regional 122

Regional Trends Cards Millennials 122

PYMNTS

DECEMBER 27, 2019

Early innovators managed cooperatives using the same founding principle that CUs use today: members-first finance in place of indifferent, legacy-style banking. Strong balance sheets in key areas like credit card debt ($64.4 The Shore Porters Society. Fenwick Weavers’ Society. A Small Change It’s Not. billion), car loans ($382.9

Digital Banking 130

Digital Banking Millennials Banking Trends Mobile 130

PYMNTS

DECEMBER 11, 2018

Give a deep and welcoming hello to the newest form of window shopping — a consumer behavior that will help to shape retail in 2019 and beyond, and a trend that stands as an increasing part of shopping, one that promises to impact brick-and-mortar merchants as they decide how to innovate. percent innovating to improve business analytics.

blockchain 170

blockchain Retail Trends Mobile 170

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

This week, I’m compelled to offer a few thoughts that go against the grain on several topics that made the news last week: Amazon’s NY HQ2 , card interchange fees and Facebook ad revenue. own voice-activated speakers, as do more than a third of the 30- to 40-year-old bridge millennials. Card Networks Want to Raise Their Prices.

Cards 169

Cards Course Study New York 169

PYMNTS

FEBRUARY 28, 2019

They pay using Apple Pay, Google Pay , Venmo, a credit card or a debit card. Overall, Griffith said the company is constantly innovating around payment types and checkout speed. To purchase a ticket from the company through LastCall (or in general), users select a listing before they arrive at a checkout page.

Trends 109

Trends Millennials Apple Google 109

PYMNTS

OCTOBER 11, 2018

To serve millennials and other consumers, Wells Fargo launched a mobile banking app called Greenhouse by Wells Fargo last year. To provide more options to its drivers, Uber announced in April that it was launching its Uber Visa Debit Card from GoBank. Eighty-five percent of gig workers would work more often if paid faster.

Payments 150

Payments Mobile Tools Cards 150

PYMNTS

MAY 13, 2019

We need a system that can set the platform for innovation, while maintaining the high security and resiliency standards Canada is known for.”. About 70 percent say they would move away from cash, and about 42 percent of Canadians use cash less than four times a months, which is up about 20 percent in 2018.

Payments 122

Payments Study Survey System 122

PYMNTS

OCTOBER 25, 2017

When you’re an innovator and building out a vision for a new category like we are, there aren’t existing companies or products to model after. Actually, a new player, one of our Canadian bank partners, may take that title in 2018. That has potential to replace the entire gift card business as we know it.

Mobile 100

Mobile User Experience Examples Millennials 100

PYMNTS

OCTOBER 27, 2018

According to the NRF, Halloween is expected to rake in $9 billion in 2018 – just slightly shy of the all-time record set in 2017. billion on candy and $400 million on greeting cards. According to the Chinese Zodiac, 2018 is the year of the dog – and given American habits around this year, there might just be something to that.

South Carolina 191

South Carolina Payments Virginia Massachusetts 191

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

JULY 23, 2018

May 2018’s household income numbers were up nearly 2 percent from last year, they say, due largely to increases in base compensation resulting from a tightening labor market. And that’s not a “Geez, I forgot to pay the credit card bill since I was away for a week” late paying the bills situation. Are the more than a third of U.S.

Cards 122

Cards Groups Report US 122

PYMNTS

SEPTEMBER 30, 2019

The latest Payments and the Platform Economy study examines how marketplaces are responding to the counterfeit threat as well as how they are continuing to innovate the customer experience. According to the 2018 Global Brand Counterfeiting Report , luxury fashion brands are a favored target. In the U.S. trillion and $1.5

Online 101

Online Fraud Branding social media 101

PYMNTS

OCTOBER 11, 2018

In our excitement to innovate and bring many new products into the world, we have lost the core of what made Snapchat the fastest way to communicate,” Spiegel wrote in the document, calling the update “rushed.”. By tapping on that card, users will be taken to Amazon to complete their purchase before being sent back to Snapchat.

Apple 181

Apple social media Millennials Report 181

CB Insights

JUNE 20, 2018

From giants like Amazon offering a growing list of debit and credit cards to fintech upstarts like Square awaiting the results of its bank charter, tech companies are increasingly looking to offer banking (or banking-like) services. FUTURE OF FINTECH 2018. The battle to be the next bank is well underway.

Company 28

Company Resources Mobile Fintech 28

PYMNTS

DECEMBER 26, 2018

These podcasts focus on innovation, best practices, learning from past failures and the like. QSRs as Innovation Hotbeds. As PYMNTS data has shown, 62 percent of consumers said innovations would make them more inclined to visit quick-service restaurants in the future. That will not change anytime soon.

blockchain 157

blockchain Payments Online Innovation 157

PYMNTS

OCTOBER 22, 2018

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. To track how we will pay, watch how Bridge Millennials pay today.

Millennials 212

Millennials Study Payments Data 212

Tech and Finance

JUNE 14, 2018

In the past I have written about design thinking, how to avoid bank PR-speak and whether banking and innovation belong in the same sentence. Survey respondents think that in-house innovation centres (51%), accelerator/ incubator programs (48%), and creating closed bank hubs (48%) are the best way to innovate. – 52.3%

Survey 28

Survey Millennials Fraud Mobile 28

CB Insights

JULY 11, 2019

Technological innovation across the financial services space is growing. A number of specific factors are driving these changes: There are massive demographic shifts occurring in the market for customers, where millennials now make up the majority of the labor market. As a result, consumer adoption is at an all-time high.

Fintech 64

Fintech cryptocurrency Examples Cards 64

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! And particularly the group of players who all seem aligned around the Grubhub brand to drive innovation in the space – traditional players like Yum!

Online 125

Online Branding Mobile Millennials 125

PYMNTS

AUGUST 5, 2019

Since the November 2018 launch, nearly $2 billion in virtual card payments for suppliers have been automated. JPMorgan, for its part, said last week that joining the network ties in with the banking giant’s continued investment in its Single Use Accounts card-based solutions.

Payments 162

Payments Cards Data User Experience 162

PYMNTS

SEPTEMBER 7, 2018

The magic of a better-than-a-taxi-ride ending and simply stepping out while the payment resolved quietly by itself on the backend was foremost a central appeal for Uber, particularly when stacked against the always somehow broken card readers in the back of cabs that required cash payments. “We wanted to formalize a lot of it.”.

San Francisco 101

San Francisco Course Cards Arizona 101

NCR

NOVEMBER 15, 2017

With so much innovation and competition happening in financial services right now, it’s easy to think that the industry is becoming more and more complex. It has been suggested that simplicity is a particularly important concept for younger people and millennials. “They just want to live their lives,” he said.

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

Fintech Labs Insights

SEPTEMBER 25, 2016

We can even include companies like Clinc ( F16 ) in this category of innovations that make it easier for people to communicate with technology. ” – Bank Innovation. ” “Mobile tech for automobile lending, gift card redeeming snag top prize at Finovate” – Bizjournals. Security: Short and Sweet.

blockchain 12

blockchain Trends Fintech Cards 12

Fintech Labs Insights

AUGUST 26, 2016

They have Braintree -owned Venmo’s ( FD2016 ; F2013 ) millennial-focused social components stamped all over them: Founded by former N26 employees, Cookies launched this week to offer Germany-based users a free P2P payment solution. Venmo competition heats up. Lately we’ve noticed more P2P payment app competitors trickle in.

Trends 12

Trends Fintech ATM Google 12

CB Insights

JUNE 17, 2020

From healthcare to education to entertainment to manufacturing, technology innovators are stepping forward to help answer that question. For example, in 2018, 18% of American doctors reported treating a patient via telemedicine. surging DEMAND DRIVes TECHNOLOGICAL INNOVATIONS in the space and CREATes JOBS. Table of Contents.

Industry 101

Industry Technology Online Video 101