PYMNTS

FEBRUARY 7, 2020

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. Late last year , Robinhood began offering a cash management service. The broad consumer appeal of free trading compelled the 2015 launch of Robinhood.

United States 150

United States FDIC Millennials cryptocurrency 150

PYMNTS

DECEMBER 12, 2019

Online brokerage startup Robinhood has introduced a cash management service that will give customers 1.8 Silicon Valley’s Robinhood is known for making free stock trading accessible, and has spent the last year figuring out the best way to offer cash management services. No FinTech startup has been successful at getting a bank charter.

FDIC 135

FDIC Millennials Management Fintech 135

PYMNTS

FEBRUARY 11, 2020

Shoppers left approximately $34 billion worth of abandoned goods in their online carts in 2018 — the equivalent of 7 percent of all digital commerce conducted that year. Cost is a major concern for consumers, especially for millennials and members of Gen Z, who tend to view spending differently than older generations.

Millennials 130

Millennials Retail Mobile Online 130

PYMNTS

JANUARY 14, 2020

For its part, Venmo now has an option to transfer money to the bank without a debit card for the same fee. And there is a credit card angle, too, which will apply to dealing with Gen Z users of P2P going forward. Most of these P2P players still allow consumers to use credit cards to fund these transfers,” he said.

Innovation 160

Innovation Payments Millennials Cards 160

PYMNTS

MAY 25, 2018

Touted by observers and industry players as one of the top trends that could impact medical billing and data management for 2018, the technology is increasingly being viewed as part of the path to better efficiency in payments. Among the latest hopes for healthcare payments is blockchain.

Technology 166

Technology Payments Millennials blockchain 166

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

The term “thinking outside of the box” originates from advice that puzzle management consultants famously gave to clients in the 1970s and 1980s to encourage creative thinking. AKA thinking outside of the box. Conventional wisdom, after all, is only as good as the conventions it’s based on.

Innovation 100

Innovation Branding Retail Regulation 100

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

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

CB Insights

JULY 25, 2019

Fintech is often associated with digital tools targeted at tech-savvy millennials. Download the free report to find out how fintech is shaping the future of wealth management and investing. Money management tools are helping people stay independent. Money management tools are helping people stay independent .

Millennials 73

Millennials Fintech Tools Fraud 73

PYMNTS

OCTOBER 21, 2020

"Demand for refurbished products has surged, and by securing exclusive rights to inventory sold directly from the most popular manufacturers, eBay is changing the way people shop this category," said Jordan Sweetnam , senior vice president and general manager for eBay's North America market. We see many benefits to expanding this business.

Branding 192

Branding Samsung Meeting Millennials 192

PYMNTS

MAY 29, 2019

It has around $12 billion in assets under management. 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. It also handles management services and mortgage refinances.

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

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. Toward that end, Chime acquired consumer credit startup Pinch late in 2018. The firm was valued at $500 million as of its last funding round.

Digital Banking 160

Digital Banking Tools Cards Millennials 160

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 These and other 19 th -century proto-cooperatives were the forerunners of today’s credit union (CU) community.

Digital Banking 130

Digital Banking Millennials Banking Trends Mobile 130

PYMNTS

NOVEMBER 20, 2019

healthcare market, which is continuously at the center of debate regarding how to expand access and manage treatment costs. They also deliver more seamless experiences that consumers — and millennials in particular — have come to expect. trillion in 2018, an increase of 80 percent from 2014. . Frictions are rampant in the U.S.

Payments 111

Payments System Cards Marketing 111

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

FEBRUARY 14, 2020

Most students are from generations that are unlikely to use checks to manage their finances as well, and many pay their tuition or other academic expenses through ACH or debit cards — but only after they receive paper check disbursements from their colleges. Just 5 percent of millennial students paid their tuition with checks.

Mobile 130

Mobile Arkansas Cards Regulation 130

PYMNTS

DECEMBER 9, 2019

This is especially true when attitudes toward holiday payment standbys like credit cards rapidly change between generations. Kaplan expects consumers to leverage BNPL for holiday purchases, as it will allow them to free up their cash flows and better manage spending. Cutting through the holiday buzz . Retail is all about conversion.

Millennials 131

Millennials Branding Retail Payments 131

PYMNTS

JUNE 26, 2018

” When one steps back, he noted, and looks at the total picture for 2018, it is notably different from 2008 in many regards. “This level of debt is more manageable than it was at the time of the financial crisis because of those income numbers. A Different Economy. ” Moreover, he notes, the shape of debt is changing.

Millennials 116

Millennials Lending United States Comparison 116

PYMNTS

JANUARY 1, 2019

Here’s a 2019 prediction that we guarantee will come true: There will be no human being or business adamantly hoping to be paid slower in 2019 than they were in 2018. When PYMNTS and Visa spoke to 2,800 consumers for the 2018 edition of the How We Will Pay study, working consumers were among the groups keenest to be paid faster.

Payments 198

Payments Industry Millennials Groups 198

PYMNTS

JANUARY 10, 2020

David Chubak will head all retail sectors — branches, mortgages, wealth, risk management and small business, according to a memo. billion in a 2018 funding round. independent sales organizations sold terminals and card processing, mostly to brick-and-mortar merchants. Are Virtual Cards The Future Of B2B Travel Payments?

San Francisco 130

San Francisco Millennials Cards cryptocurrency 130

PYMNTS

FEBRUARY 18, 2019

For those charged with managing the consumer’s trust and safety when transacting online, and in the midst of increasingly clever cybercrooks, being comfortable going against the status quo flow has become much more important than ever before, he said. Card Networks Want to Raise Their Prices. I joked that I’d be a shoo-in for the job.

Cards 169

Cards Course Study New York 169

PYMNTS

FEBRUARY 20, 2018

But the data indicates that for an increasing number of users, debt is not being managed correctly. 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

OCTOBER 11, 2018

To serve millennials and other consumers, Wells Fargo launched a mobile banking app called Greenhouse by Wells Fargo last year. The app, which was announced in November, includes tools to help consumers manage their money and see where they stand financially. Eighty-five percent of gig workers would work more often if paid faster.

Payments 150

Payments Mobile Tools Cards 150

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

NOVEMBER 4, 2019

Venmo was up 64 percent year on year, said management. It is rolling out a cash-back rewards program for its Venmo Mastercard debit card at certain retailers, as announced in a press release. consumers can send money domestically through MoneyGram to a recipient’s eligible debit card. Currently available in the U.S.

Groups 101

Groups Payments Mobile Dallas 101

PYMNTS

JUNE 7, 2019

Spencer McLain, vice president, EMEA at Whitepages Pro, told PYMNTS that these merchants will start seeing declines on European-based transactions if they are not exempt by falling under certain thresholds, or if they do not apply 3D-Secure authentication methods to verify card-not-present transactions.

Fintech 101

Fintech Study Online Retail 101

PYMNTS

FEBRUARY 11, 2020

The company says 56 million women bought secondhand items in 2018, up from 44 million a year earlier. Customers participate through a customer intake program in the Nordstrom New York City store in exchange for Nordstrom gift cards that can be spent at its signature brands as well as its owned brands HauteLook and Trunk Club.

New York City 124

New York City Marketing New York Los Angeles 124

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. Download the free report to find out how fintech is shaping the future of wealth management and investing. get the REPORT on next generation investors.

Millennials 77

Millennials Mobile Lending Cards 77

PYMNTS

NOVEMBER 9, 2018

“An increasing number of employers tell us that workers ask for the ability to access their pay with greater flexibility and in a responsible way,” said Craig Cohen, general manager of the ADP Marketplace in a press release. Those consumers said that if they were paid faster, they would be able to better manage their cash flow and pay bills.

Payments 178

Payments Tools Retail Report 178

CB Insights

OCTOBER 10, 2018

Asia is highly competitive, with tech giants like Ant Financial and Tencent’s WeChat actively dominating mobile payments and expanding their reach in financial services across lending, wealth management, and insurance. The core product is a digital-first app that tracks spending from a linked card issued by either MasterCard or Visa.

Retail 78

Retail Cards Millennials Mobile 78

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

DECEMBER 30, 2020

Robinhood offers an easy-to-use app to trade stocks commission-free, making the company popular with millennials. Online games platform Roblox recently pushed its planned initial public offering from 2020 to 2021 after Airbnb and DoorDash’s big first-day pops convinced management that an overheated IPO would mostly benefit speculators.

Marketing 198

Marketing Company Online Management 198

FICO

FEBRUARY 5, 2021

Providers would fight for top-of-wallet status for their credit cards and debit cards. And every institution would try to cross-sell their way into larger, more profitable products (personal loans, mortgage, wealth management, etc.). A customer would have a primary bank, where a majority of their deposits would sit.

Millennials 52

Millennials social media Fintech Examples 52

PYMNTS

MAY 25, 2018

For fiscal 2018, L Brands now expects earnings per share to fall within a range of $2.70 The dark store environment, the conspicuous sexuality of the offer and the brash marketing are increasingly out of step with what modern consumers want,” GlobalData Retail Managing Director Neil Saunders told CNBC. No Return for Easy Returns? :

Branding 108

Branding Retail Cards Online 108

PYMNTS

OCTOBER 25, 2017

Actually, a new player, one of our Canadian bank partners, may take that title in 2018. For example, we are working with a virtual prepaid Visa card which, coupled with a user experience layer and Apple Pay, can create an alternative to a gift card for any near-field, communication-enabled merchant.

Mobile 100

Mobile User Experience Examples Millennials 100