PYMNTS

MARCH 2, 2020

The United States’ tight labor market exacerbates competitive tensions for such agencies, though. That appears to concern many businesses as 74 percent of recruiters stated in 2018 that they expected to more intensely vie against other firms to attract new hires in 2020. Employees’ Payroll Card Opinions. rose from 3.1

Cards 130

Cards ATM United States Payments 130

PYMNTS

AUGUST 20, 2019

And based on early indications, it seems the follow-up act to the millennial generation is much more positively inclined toward using credit products of all stripes. Far more millennials and Gen Xers make use of credit cards than Gen Zers – at 38.29 Credit cards, however, show the greatest strength. card accounts.

Millennials 124

Millennials Cards Lending Data 124

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

FEBRUARY 11, 2020

While “reselling” or “secondary market” are more likely to keep ownership of this burgeoning market, the reselling market is reinventing itself for 2020. The company says 56 million women bought secondhand items in 2018, up from 44 million a year earlier. Nordstrom joins other department stores in the resell market.

New York City 124

New York City Marketing New York Los Angeles 124

PYMNTS

AUGUST 20, 2019

And based on early indications, it seems the follow-up act to the millennial generation is much more positively inclined toward using credit products of all stripes. Far more millennials and Gen Xers make use of credit cards than Gen Zers – at 38.29 Credit cards, however, show the greatest strength. card accounts.

Millennials 101

Millennials Cards Lending Data 101

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. Robinhood made money and picked up business without focusing on the rules,” said Tyler Gellasch, executive director of trade association Healthy Markets Association in a statement. “As

United States 150

United States FDIC Millennials cryptocurrency 150

PYMNTS

DECEMBER 30, 2020

Many enjoyed huge first-day price pops, heating up the IPO market even more — and 2021 seems poised to only continue the fireworks. Popular stock-trading app Robinhood Markets reportedly recently hired Goldman Sachs to lead a possible 2021 IPO that would value the company at more than $20 billion. Robinhood ($20 Billion+) .

Marketing 198

Marketing Company Online Management 198

PYMNTS

JANUARY 14, 2020

Making the most of those relationships served as the foundation of a new PYMNTS interview with Matthew Carpenter, senior vice president, market director for Elan. For its part, Venmo now has an option to transfer money to the bank without a debit card for the same fee. And it’s not only credit products that are in play, he said.

Innovation 160

Innovation Payments Millennials Cards 160

FICO

DECEMBER 19, 2017

Just as the Wild Card Round is followed by the Divisional Round in the NFL playoffs , fraud and payments predictions are always followed by New Year’s resolutions. His wallet was a few cards lighter as a result. She uses SamsungPay to hold all of her debit and credit cards, and is pretty happy with that. My Predictions for 2018.

Fraud 55

Fraud Payments Cards social media 55

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

FICO

AUGUST 20, 2019

China Construction Bank (CCB) hopes to reach more millennial consumers and is using alternative scoring services to improve decision making and improve financial inclusion efforts to reach this demographic. Our new risk-based underwriting strategy is helping to us to maximize our overall profitability while expanding lending to millennials.”.

Big Data 40

Big Data Data Marketing Millennials 40

PYMNTS

APRIL 24, 2019

In addition, our new marketing campaign was launched, tapping into everyday use cases of Zelle, designed to drive deeper knowledge and relevance with consumers.”. The Zelle network is used by upwards of 5,391 financial institutions, either through a mobile banking app or by registering a debit card with Zelle’s app.

Payments 154

Payments Millennials Groups Company 154

PYMNTS

DECEMBER 9, 2019

Statistical swarms of millennials and Gen Zers report never having used a paper check. But the situation is righting itself as dynamic market forces reshape payments. 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.

Millennials 130

Millennials New York City National New York 130

PYMNTS

JULY 7, 2020

Using credit cards (aka spending the bank’s money instead of your own) seemed so cool — until it suddenly wasn’t nearly as cool anymore. consumers to shift as much as $100 billion in annual spending from credit to debit cards.”. Financial services firm Visa is also anticipating a strong consumer shift from credit to debit cards.

Cards 135

Cards Millennials Conference America 135

PYMNTS

OCTOBER 1, 2020

percent as of 2018. The data also demonstrated that payors tend to underestimate the instant payments demand in the market, believing that more than two-thirds of their payees will continue working with them in the absence of instant payment offerings. According to the data, that’s up from 12.8 percent in 2019 and 9.5 Fast Fact No.

Trends 306

Trends Study Taxes Payments 306

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

NOVEMBER 20, 2019

Customer-facing markets such as financial services and insurance have greatly benefited from real-time payments, and healthcare could be next. healthcare market, which is continuously at the center of debate regarding how to expand access and manage treatment costs. trillion in 2018, an increase of 80 percent from 2014. .

Payments 111

Payments System Cards Marketing 111

PYMNTS

OCTOBER 9, 2019

The reliance on cash in many of the markets served by UReed, Alhassan said. The credit card penetration in Saudi Arabia is around 35 percent for the whole country — a country known for being one of the highest in the Arab region for eCommerce,” he told PMNTS. The linguistic market in MENA is extremely fragmented,” he said.

Regional 122

Regional Trends Cards Millennials 122

CB Insights

JULY 25, 2019

Fintech is often associated with digital tools targeted at tech-savvy millennials. But there is a growing market of fintech companies serving the unique financial needs of Baby Boomers and older retirees — and for good reason. Baby Boomers (those born between 1946 and 1964) represent a massive market opportunity.

Millennials 73

Millennials Fintech Tools Fraud 73

PYMNTS

AUGUST 10, 2020

The funds can then be deposited into any type of account, including a bank account, prepaid card or digital wallet. Only 13 percent of consumers and 8 percent of microbusinesses get their money through an instant payment to a debit card, credit card, digital wallet or prepaid card. We surveyed more than 5,000 U.S.

Report 228

Report Payments Millennials Cards 228

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

JANUARY 10, 2020

billion in a 2018 funding round. independent sales organizations sold terminals and card processing, mostly to brick-and-mortar merchants. The Collison brothers had founded Stripe, but it would be a year before it would be in-market. Are Virtual Cards The Future Of B2B Travel Payments? Battle For Millennials.

San Francisco 130

San Francisco Millennials Cards cryptocurrency 130

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.

Branding 192

Branding Samsung Meeting Millennials 192

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 21, 2020

Forty-four percent of 200 millennials surveyed last year stated they were wholly responsible for making purchasing decisions at the B2B companies at which they worked, and an additional 33 percent played some role in this process. One study found a 46 percent increase in reports of such attacks between 2017 and 2018.

Customer Experience 152

Customer Experience Fraud Millennials Online 152

PYMNTS

JANUARY 8, 2019

By 2016, Chime was in the market with the full suite of features that digital banks offer today. 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. ”

Digital Banking 160

Digital Banking Tools Cards Millennials 160

PYMNTS

JULY 25, 2019

market as an example of the co-existence and collision of cash and digital payments. 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.

Payments 189

Payments Innovation Examples FDIC 189

PYMNTS

AUGUST 23, 2019

Thomas, who joined Groupon in 2017 as vice president of commercial finance, has served as chief accounting officer and treasurer since November 2018. billion, but its current market value is $1.42 A study by eMarketer shows that most people, especially millennials , prefer to chat or message instead of calling on the phone.

Chicago 145

Chicago Millennials Tools Study 145

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

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 13, 2019

The Zelle network is used by an upwards of 5,391 financial institutions (FIs), either through a mobile banking app or by registering a debit card with Zelle’s app. A possible limit to Zelle’s service — at least, for the time being — is its status as a payment method that relies on bank rails, not card rails. P2P Marketing.

Payments 198

Payments Apple Cards Course 198

PYMNTS

DECEMBER 9, 2019

This is especially true when attitudes toward holiday payment standbys like credit cards rapidly change between generations. Fashion To Figure caters to the $21 billion plus size women’s clothing market. and supports payments from every major credit card, its own branded credit offering and PayPal.

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. Debt, Kapfidze noted, is up over a trillion dollars in the last decade, as the market has recovered and shot past its previous highs. A Different Economy. Student loan debt recently surpassed $1.5

Millennials 116

Millennials Lending United States Comparison 116

PYMNTS

DECEMBER 27, 2019

Strong balance sheets in key areas like credit card debt ($64.4 FIs are not accustomed to customers telling them which products to offer, but in the mobile instant payments world driven by millennials and Gen Zers, that’s the deal – take it or leave it. A Small Change It’s Not. billion), car loans ($382.9 Digital Unison.

Digital Banking 130

Digital Banking Millennials Banking Trends Mobile 130

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

PYMNTS

FEBRUARY 20, 2018

The stock market — despite a fairly steepWh correction a week ago — is still well ahead of where it was a year ago and is trending up. Unemployment is at historic lows, wages are rising given the tight labor market and consumer spending has been keeping pace. Credit Card Troubles. percent in 2018 — up from the 4.32

Lending 105

Lending Cards America New York 105

PYMNTS

APRIL 4, 2019

As of the last quarter of 2018, total U.S. According to the report, between 2005 and 2010, mortgage debt represented 78 percent of total household debt; as of late 2018 mortgage debt accounts for only 71 percent of the total. household debt stood at $13.58

US 116

US New York Trends United States 116