PYMNTS

DECEMBER 6, 2019

Consumers — especially millennials and Generation Z — are looking for new commerce experiences during the 2019 holiday season. However, they are also hesitant to pay for those new experiences with credit cards or other traditional financing options. How Bridge Millennials Are Driving More Demand For Flexible Payments.

Millennials 219

Millennials Payments Retail Apple 219

PYMNTS

SEPTEMBER 18, 2019

The startup credit card company offers its rewards card to people with no credit history. Since launching in the fall of 2018, the Petal card has signed up 50,000 customers, with more than 65 percent in the millennial and Gen Z demographic. Last year, Petal borrowed $30 million in debt capital from Jefferies.

Cards 133

Cards Capital New York Millennials 133

PYMNTS

JANUARY 2, 2019

The holiday sales season is nearly done for 2018, and it’s so far so good — particularly for eCommerce. But will 2018’s strong seasonal spending portend a happy commerce new year for retailers? 2,225: The amount bridge millennials spend on average each year on retail purchases.

Millennials 158

Millennials Fraud Maine Retail 158

PYMNTS

MARCH 2, 2020

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. This month’s Deep Dive digs into the data that guides staffing agencies’ payroll disbursement decisions, including payroll cards ’ pros and cons. rose from 3.1

Cards 130

Cards ATM United States Payments 130

PYMNTS

JULY 3, 2019

million from investors including Partech, Axeleo Capital, Lafayette Plug and Play and others to further develop its loyalty program integrated into credit or debit cards. Founded in 2018, Joko’s loyalty program already works with dozens of major retailers including McDonald’s, Uber, Starbucks, Zara and more.

Cards 135

Cards Fintech Retail User Experience 135

PYMNTS

JANUARY 10, 2018

And so, as 2018 begins, so does the Start Path class of 2018, which is accepting applications until Jan. As Neale pointed out, this particularly applied to international firms, which may be well-known in their home market but would like to expand globally. The Start Path Admissions Process.

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Company Meeting Millennials blockchain 194

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

FEBRUARY 13, 2020

While the company is known for its payment solutions aimed at fuel for fleet services, it also has grown its corporate card and U.S. ” Smith noted that both fuel and healthcare contributed to the strong performance, pointing to integrations with Noventis, Discovery Benefits and Go Fuel Card as examples of its core success.

Millennials 150

Millennials Examples Cards Groups 150

PYMNTS

APRIL 23, 2019

Standard Chartered Bank has unveiled instant digital credit issuance in Singapore to shorten the process of accessing a credit card, according to reports. Applicants can activate their cards after they attain immediate approval for their applications. They can then add their cards to wallets from Google Pay, Samsung Pay and Apple Pay.

Cards 115

Cards Google Regional Samsung 115

PYMNTS

OCTOBER 1, 2019

The steady drumbeat of tech has brought purchasing from bills and coins to cards and contactless payments – done across all manner of devices and through pushes, taps, swipes and waves, at any time. percent of the bridge millennials and 42.2 percent of bridge millennials were interested, up from 35.4 percent in 2018.

Millennials 140

Millennials Payments Study Groups 140

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

NOVEMBER 27, 2019

Millennials plan to spend more money this holiday season, and will use their mobile devices to do the majority of their shopping. Discover ’s annual Holiday Spending Survey polled Generation Z, millennials, Generation X and Baby Boomers on their previous holiday shopping habits and upcoming plans to purchase. Consumer Preferences.

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Trends Millennials Retail Study 130

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

DECEMBER 9, 2019

Cards over cash – specifically, debit cards over cash. Among the findings of the recent 2018 Diary of Consumer Payment Choice , produced through several of the U.S. And debit card transactions, the report notes, have become the most widely used payment method , ahead of cash, at least as measured by value.

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Study Payments Cards Survey 140

PYMNTS

OCTOBER 2, 2019

3,248: Average amount millennial consumers lost per bank scam this past year. 31.3B: Estimated value of global card losses due to fraud in 2018. 7.1B: Minimum number of EMV payment cards in circulation around the world. 10 percent: Approximate share of people in the U.S. who use self-storage.

Mobile 108

Mobile Millennials Fraud Data 108

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.

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Fraud Payments Cards social media 55

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. We’ll still have existing revenue streams, and, in addition, we’ll add revenue from interchange on debit card transactions.

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United States FDIC Millennials cryptocurrency 150

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.

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Innovation Payments Millennials Cards 160

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.

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Innovation Branding Retail Regulation 100

PYMNTS

NOVEMBER 15, 2017

According to news from Fortune , customer payment card information was compromised at certain point of sale devices in stores when the encryption on those devices was not operating. “These new, experiential spaces will be focused on accessories, cosmetics and home goods for the millennial consumer.

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Los Angeles social media Millennials Retail 151

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.

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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.

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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

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. Their perception of banking, aside from ATMs, is entirely app-based – and mobile.

Millennials 130

Millennials New York City National New York 130

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

OCTOBER 7, 2019

With the app, Affirm users can shop at almost any retailer by creating a onetime-use virtual card instead of being limited to shops that have Affirm integrated at checkout. . Affirm says that 67 percent of consumers are looking to avoid credit cards this holiday season. .

Payments 139

Payments Millennials Retail Cards 139

PYMNTS

OCTOBER 16, 2020

However, the number of consumers who carry greenbacks now is 11 percent lower than 2018. For example, 33 percent of retail shoppers favor contactless card technologies for their in-store purchases. percent who would use credit cards and 45.5 percent who would employ debit cards. Merchants Take Note. The Way Forward.

Payments 166

Payments Study Survey Cards 166

PYMNTS

DECEMBER 12, 2019

“We’ll still have existing revenue streams, and, in addition, we’ll add revenue from interchange on debit card transactions. The cash management feature is offered in partnership with a bank, and has debit cards, as well as deposits backed by the Federal Deposit Insurance Corporation (FDIC). stocks, exchange-traded funds and options.

FDIC 135

FDIC Millennials Management Fintech 135

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

APRIL 24, 2019

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. Although digital P2P adoption first caught on with millennials, adoption of P2P services continues to rise among all generations.

Payments 154

Payments Millennials Groups Company 154

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

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

OCTOBER 1, 2020

percent as of 2018. Many payees want to use voice to direct disbursements to preferred bank accounts, credit cards, debit cards or digital wallets. But as is often the case in the world of voice, those figures go up when one zooms in on a younger demographic, like “bridge millennials” (those between the ages of 32 and 41).

Trends 306

Trends Study Taxes Payments 306

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.

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Millennials Retail Online Report 246

CB Insights

JULY 25, 2019

Fintech is often associated with digital tools targeted at tech-savvy millennials. Kindur raised $9M in its Series A at the end of 2018 from investors including Anthemis Group, Point72 Ventures, and Clocktower, and raised an additional $1M from Inspired Capital Partners earlier this year. get the REPORT on next generation investors.

Millennials 73

Millennials Fintech Tools Fraud 73

PYMNTS

MAY 22, 2019

Most use stored credit cards (38.9 percent) and debit cards (38.7 percent in Q1 2018. percentage point increase over Q3 2018. percentage point increase over Q3 2018. percent of bridge millennials bought via smartphone. percent) and millennials had the highest usage of mobile generally (9.0

Mobile 177

Mobile Study Retail Millennials 177

PYMNTS

AUGUST 22, 2018

is 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. JPMorgan Chase & Co.

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Branding Samsung United States Cards 100