PYMNTS

FEBRUARY 11, 2020

Consumers have long grown accustomed to online shopping, but familiarity does not necessarily result in increased purchase volumes. They may spend hours browsing retailers’ online or mobile websites, only to abandon the items placed in their carts — the digital equivalent to window shopping. BNPL Solutions and Breathing Room .

Millennials 130

Millennials Retail Mobile Online 130

PYMNTS

JANUARY 10, 2018

And so, as 2018 begins, so does the Start Path class of 2018, which is accepting applications until Jan. The process for startups is as straightforward as completing a very simple form online and, if the company wishes, submitting a reference. “We The Start Path Admissions Process.

Company 194

Company Meeting Millennials blockchain 194

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. In paying for their retail purchases online and in store, in terms of the overall respondent pool, 9.6 percent in 2018.

Millennials 140

Millennials Payments Study Groups 140

PYMNTS

SEPTEMBER 30, 2019

Online Resale. Online resale has become all the rage — even for retailers like Neiman Marcus — from a little bit of everything on OfferUp to fashion-focused Poshmark and high-end The RealReal and 1stdibs. Sales of counterfeit goods through online marketplaces are expected to hit $1.8 billion per year to fake online sales.

Online 101

Online Fraud Branding social media 101

PYMNTS

NOVEMBER 27, 2019

To make things easier for shoppers, Walmart is also introducing an online gift finder and will launch a digital toy catalog on Nov. Millennials plan to spend more money this holiday season, and will use their mobile devices to do the majority of their shopping. Gift Finder. Consumer Preferences. That’s not all.

Trends 130

Trends Millennials Retail Study 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.

Study 140

Study Payments Cards Survey 140

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 And they’re also “the most likely to say they will keep shopping online once daily life returns to normal.”. Our shopper will use her card-on-file with her supermarket.

Study 362

Study Survey Exercises Cards 362

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

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. BNPL Can Boost Fashion Purchases. About The Tracker.

Industry 167

Industry Millennials Retail Mobile 167

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 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. The Sizable Online Fraud Threat. Vendors do not always find the transition to online selling to be easy.

Customer Experience 152

Customer Experience Fraud Millennials Online 152

PYMNTS

DECEMBER 12, 2019

Online brokerage startup Robinhood has introduced a cash management service that will give customers 1.8 We’ll still have existing revenue streams, and, in addition, we’ll add revenue from interchange on debit card transactions. Robinhood , which launched in 2013, attracts millennials interested in trading stocks and cryptocurrency.

FDIC 135

FDIC Millennials Management Fintech 135

PYMNTS

OCTOBER 21, 2020

To expand gently used gear to more members across the country, REI launched its online reCommerce business in 2018, supplementing its members-only Garage Sale events in its stores. Beginning this month, REI members can trade in their own used gear through the co-op's online, member-only trade-in program to receive REI gift card credit.

Branding 192

Branding Samsung Meeting Millennials 192

PYMNTS

APRIL 30, 2020

The new surge in demand is putting financial institutions’ (FIs’) online and mobile offerings to the test and allowing FIs to show off their digital investments and know-how to assure customers that they are in good hands. These online and mobile experiences must be convenient, seamless and secure, or consumers are likely to abandon them.

Digital Banking 150

Digital Banking Mobile Online Millennials 150

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

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 22, 2018

Going into the 2018 holiday shopping season, there were worries about a shortage of live Christmas trees — as is the case with all agriculture, farmers who grow trees are under often relentless pressure to sell their land for development — but that does not seem to have materialized. Now it’s easy to buy a real tree online.”.

Industry 134

Industry Millennials National Online 134

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

CB Insights

JULY 25, 2019

Fintech is often associated with digital tools targeted at tech-savvy millennials. Capital One, for example, has partnered with Older Adults Technology Services and the National Council on Aging to create a series of free online courses to educate seniors about digital banking: Ready, Set, Bank. . Source: Capital One.

Millennials 73

Millennials Fintech Tools Fraud 73

PYMNTS

MAY 28, 2019

With abundant choices in many aspects of their lives, consumers expect a range of options when it comes to online shopping, ranging from picking out clothes to making travel plans. Half of global online transactions are expected to take place in Asia this year. billion – of funds were lost to card fraud in 2018, up from $1.4

Apple 159

Apple Mobile Fraud Branding 159

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

FEBRUARY 6, 2020

Sykes believes the attraction of online companies and uber-retailers it simple at one level. Amazon has expanded its third-party marketplace, which in 2018 accounted for about half of its retail sales and currently 87 percent of its fashion listings. The top five responses were Target, online retailers, Kohl’s, Walmart and Amazon.

Retail 142

Retail New York Branding Millennials 142

PYMNTS

AUGUST 10, 2020

Consumers have been using internet technology for everything from nonessential health services to ordering from restaurants in the last few years, especially shopping more frequently online for retail products and groceries. The funds can then be deposited into any type of account, including a bank account, prepaid card or digital wallet.

Report 228

Report Payments Millennials Cards 228

PYMNTS

JANUARY 10, 2020

With roughly 17 million active users each month and 30,000 diverse online retailers, Honey has delivered some $1 billion in savings to shoppers in the past year. billion in a 2018 funding round. independent sales organizations sold terminals and card processing, mostly to brick-and-mortar merchants. Battle For Millennials.

San Francisco 130

San Francisco Millennials Cards cryptocurrency 130

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

OCTOBER 9, 2019

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. T here’s more, and it relates more specifically to UReed: In Q4 2018, there was a jump in nonseasonal workers sourcing gigs via digital marketplaces (38.4

Regional 122

Regional Trends Cards Millennials 122

PYMNTS

DECEMBER 9, 2019

consumers are predicted to spend more than $1 trillion during the 2019 holiday season, mostly through online and Cyber Monday deals. This is especially true when attitudes toward holiday payment standbys like credit cards rapidly change between generations. Fashion to Figure has not completely let go of credit, of course.

Millennials 131

Millennials Branding Retail Payments 131

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

NOVEMBER 20, 2019

They also deliver more seamless experiences that consumers — and millennials in particular — have come to expect. million ACH electronic funds transfer (EFT) payments were made from health plans to health providers in 2018 — an 11.5 trillion in 2018, an increase of 80 percent from 2014. .

Payments 111

Payments System Cards Marketing 111

PYMNTS

DECEMBER 11, 2018

And that’s unlikely to change in 2019 or beyond, given the growing purchasing power of bridge millennials. So-called online-only retailers — including Amazon — operate some 630 physical retail locations in the U.S., percent of shoppers who bought something via smartphone first discovered that item online. Cashierless Checkout.

blockchain 170

blockchain Retail Trends Mobile 170

PYMNTS

JUNE 7, 2019

As has been recounted in this space, the European Union’s SCA regulation looks to have hundreds of millions of consumers confirm they are who they say they are when they buy goods and services online. PetSmart aims to take its online venture public at a valuation of around $7 billion.

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. Called See You Tomorrow , its “re-commerce experience” will include an online marketplace and brick-and-mortar location housed in the Nordstrom New York City flagship store on 5th Avenue. Nordstrom is taking a multichannel approach.

New York City 124

New York City Marketing New York Los Angeles 124

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 Partnerships.

Payments 198

Payments Apple Cards Course 198

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. Amazon Takes Its Bite Out of the Big Apple.

Cards 169

Cards Course Study New York 169

PYMNTS

SEPTEMBER 18, 2018

Mortgages and Credit Cards and Student Debt…. Outstanding credit card debt is at the second highest point seen since the end of 2008, and total outstanding debt stands at $1 trillion. Mortgages ? At the peak of the crisis, the delinquency rate was 10 percent in 2010, as underwater mortgages and foreclosures hit the headlines.

Lending 148

Lending Innovation Fintech Cards 148

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

About 73 percent of people in the younger demographic are more likely to choose an online company based on how easy it is to check out, as opposed to the 58 percent average for the rest of the population. About half said they would spontaneously purchase something because payment data was already stored in the app or online.

Payments 122

Payments Study Survey System 122