PYMNTS

DECEMBER 18, 2020

In doing so, we bring the power of community to buying and selling online. Pairing technology with the inherent human desire to socialize, our marketplace creates passion and personal connections among users.”. million in 2018 and $48.7 But things turned around later in the pandemic as shoppers moved online. 30 quarter.

social media 232

social media Online Millennials Training 232

PYMNTS

NOVEMBER 23, 2018

But don’t get too carried away — during the 2018 holiday season, most U.S. Drawing on figures from eMarketer , a new report said that “only one in eight Americans will do their holiday shopping online this year. Digital is certainly the bee’s knees, the rad kid of commerce, the hippest person in the place. 26 to hit $7.7

United States 140

United States Millennials Retail Online 140

PYMNTS

DECEMBER 6, 2018

Financial technology providers are partnering up to offer expanded mPOS capabilities to merchants, which are looking for tools to avoid long checkout lines. charitable giving market come from online donations , and the canned tuna industry is adapting to the tastes of millennials and younger consumers amid a decline in consumption.

Data 116

Data Millennials Financial Technology Tools 116

PYMNTS

NOVEMBER 8, 2016

The conveniences of fast food are getting even more convenient now that McDonald’s is gearing up to roll out the ability to order and pay for a Big Mac online. According to a report by The Next Web , McDonald’s is gearing up to launch the new app that will support online orders next year. Take Domino’s, for one example.

Millennials 182

Millennials Online Technology Mobile 182

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

MARCH 5, 2019

Amid a double-digit increase in digital sales and a focus on omnichannel efforts, Kohl’s Corporation beat analysts’ top-line revenue and earnings estimates for the fourth-quarter of 2018. Rewards and Millennials. The department store retailer reported revenues of $6.8 billion and earnings per share of $2.24 billion and $2.18

Millennials 148

Millennials Philadelphia Chicago Retail 148

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

PYMNTS

FEBRUARY 18, 2020

These “ghost kitchens” are delivery-only, with owners spending less on property and directing funds into technological investments, lower menu prices and other concerns. based QSRs draw millennials consumers, with half of this age group reporting that they place more deliveries now than they did two years ago.

Millennials 232

Millennials Trends Strategy United States 232

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

DECEMBER 22, 2018

No matter what, though, the present and future of real Christmas trees — even if bought in a weekend frenzy — owes much to digital technology, eCommerce and the consumer preferences of younger buyers. It’s always been easy to buy an artificial tree online,” Hundley said. Now it’s easy to buy a real tree online.”.

Industry 134

Industry Millennials National Online 134

PYMNTS

JULY 13, 2020

The greatest health crisis in a generation is poised to accelerate innovation at the intersection of healthcare , technology and payments as never before. And the retailer ponied up a reported $200 million for pieces of Seattle-based startup CareZone ’s technology, which personalizes prescription drug management for individuals.

Retail 219

Retail Innovation Online Seattle 219

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

Accenture

MAY 7, 2019

This got me thinking—in the Instagram and Facebook era of instant online gratification, just how important is the ability to create a relationship with a bank at the swish of your mobile? As of December 2018, Revolut had 200,000 Irish customers , an increase of fourfold in just over a year. The Know-Your-Customer (KYC) conundrum.

Customer Experience 178

Customer Experience Online Millennials social media 178

PYMNTS

JANUARY 21, 2020

That company recently made its own play to have more of a digital and mobile role in the restaurant world, buying Preoday , a firm that focuses online ordering technology, increasingly important — even table stakes — to every operation from global fast-food chains to local fish-and-chip lunch counters. Deeper Trends.

Mobile 148

Mobile Trends United States Online 148

PYMNTS

FEBRUARY 9, 2020

Aside from Kalanick , other investors included online supermarket Ocado’s chief executive Tim Steiner; Tinder co-founder Justin Mateen; and Indian ad-tech billionaire Div Turakhia. . The startup uses 3D printing technology to build its hotels in Mexico, where Ripley says 100 rooms per month can be built. “We

Community 252

Community Groups US Operations 252

PYMNTS

APRIL 25, 2019

Most estimates for 2018 are around $900 million. The term eSports can refer to a wide range of games in the competitive space, but in general the most popular ones are in the first-person shooter or multi-player online battle arena genres. Consumers are buying Tilly’s products online, as digital growth was up 22 percent in 2018.

Retail 166

Retail America Video Millennials 166

PYMNTS

AUGUST 27, 2019

One-third of Gen Z members and more than one-quarter of millennials will make secondhand purchases in 2019 due to environmental concerns and cheaper prices, for example. The online thrifting market combines both of these factors, making it especially popular among both demographic groups. AI and the importance of personalization.

San Francisco 116

San Francisco Online Retail Millennials 116

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

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.

Cards 179

Cards Payments Mobile Operations 179

PYMNTS

AUGUST 7, 2019

Financefeeds reported that the HKMA, in its latest update to implementation of the Open Application Programming Interface (API) Framework for the banking sector, which dates back to July 2018, is readying for the second phase, known as Customer acquisition. Corporate Banking, Done Digitally. ” In India, Too. As noted last week.

Digital Banking 129

Digital Banking Fintech Millennials Data 129

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. Introduction. businesses in a vulnerable financial situation. .

Report 228

Report Payments Millennials Cards 228

PYMNTS

JANUARY 13, 2021

In doing so, we bring the power of community to buying and selling online. Pairing technology with the inherent human desire to socialize, our marketplace creates passion and personal connections among users.”. million in 2018 and $48.7 31 were millennial or Gen Z consumers. After losing $14.5 million in the Sept.

social media 169

social media Trends Retail Millennials 169

PYMNTS

APRIL 18, 2019

As covered by PYMNTS , Neiman Marcus has acquired a minority stake in Fashionphile, an online company that sells pre-owned designer handbags and other similar products. The move follows a failed relationship, one that ended in 2016, with The RealReal, an online luxury reseller that is mulling an initial public offering for this year.

Retail 117

Retail Online Trends Course 117

PYMNTS

FEBRUARY 4, 2020

A 2018 report in Forbes cited research from the Journal of Business Venturing, which found that equity crowdfunding is often a last resort for SMBs when traditional and internal funding options run dry. There is a growing class of individuals, who tend to be millennials , who have a subtle but general aversion to legacy finance,” he said.

Lending 131

Lending Capital Strategy Millennials 131

PYMNTS

JANUARY 24, 2020

The IRS has accepted digitally filed tax documents and issued digital refunds for years, and it received approximately 29 million electronic returns via direct deposit between February 2018 and February 2019. organizations in 2018, though, so their benefits no longer outweigh the other drawbacks. Check fraud affected 70 percent of U.S.

Payments 130

Payments US Fraud Innovation 130

PYMNTS

JUNE 11, 2019

And while Tesla has been a connected vehicle leader, other players in the industry such as Ford, Daimler and Volvo are launching offerings equipped with technology. From automakers to retailers and online platforms, companies around the world are tapping into connected commerce technology in automobiles and mobile devices.

Google 110

Google Mobile Technology Retail 110

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. That’s especially true among younger users such as millennials. For online shoppers in Germany, payment by invoice remains the most popular choice.

Payments 189

Payments Innovation Examples FDIC 189

PYMNTS

JANUARY 14, 2019

That’s because they’ve trained consumers over the last half decade that walking into a store isn’t as nearly as satisfying or productive an experience as shopping online—and not necessarily from those same traditional players. population was online. That won’t be a slam-dunk for traditional retailers. The Danger in the Data .

Retail 198

Retail Online Mobile Data 198

PYMNTS

MAY 24, 2019

In Google Maps and Google Search, consumers can access an “Order Online” button that shows up when they look for a supported restaurant. For instance, commuters in 2018 spent some $62.3 The function taps into partnerships with delivery companies, and consumers can order without downloading another mobile app.

Google 115

Google Mobile Retail Innovation 115

PYMNTS

APRIL 2, 2018

It’s not only for consumers, though: Alternative lending firm Kabbage recently found that mobile lending is on the rise among small businesses, with a more than 360 percent increase in the number of SMB loans accessed via mobile device between April 2014 and February 2018. According to Glover, that means banks in the U.S.

blockchain 171

blockchain Lending User Experience Mobile 171

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. Remember, before Grubhub bought LevelUp, Chase put a few tens of millions into them as the technology partner that would ignite Chase Pay acceptance at QSRs. Source: [link].

Online 125

Online Branding Mobile Millennials 125

PYMNTS

NOVEMBER 23, 2018

Take the consumer segment known as Bridge Millennials — 29 million strong, they are between the ages of 30 and 40, and have grown up using connected devices and represent the first generation of connected consumers with spending power. clicks to complete an online purchase. It found that, on average, it takes 22.1

social media 163

social media Mobile Branding Retail 163

PYMNTS

OCTOBER 11, 2018

To serve millennials and other consumers, Wells Fargo launched a mobile banking app called Greenhouse by Wells Fargo last year. Yet there is some adoption of faster payment technologies among corporates. Three quarters — 75 percent — of college-age consumers prefer to interact with mobile banking apps. In the U.S.,

Payments 150

Payments Mobile Tools Cards 150

PYMNTS

DECEMBER 30, 2020

Robinhood offers an easy-to-use app to trade stocks commission-free, making the company popular with millennials. Petco said the upgrades include a focus on curbside pickup, same-day delivery, online appointment booking for veterinary care and more. Rival online pet supply firm Chewy staged a successful IPO last year.

Marketing 198

Marketing Company Online Management 198

PYMNTS

SEPTEMBER 18, 2018

A survey by the Forum found that about 45 percent of overall respondents – but just 28 percent of millennials – agree with the statement that banks are fair and honest. The market, then, has been opened to online lenders that have filled that niche – and it should be noted that community bank lending to SMBs has been on an upward trend.

Lending 148

Lending Innovation Fintech Cards 148

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