PYMNTS

APRIL 9, 2020

Though they’ve overcome serious technical hurdles, work well, and are now in the hands of billions of smartphone-owning consumers, mobile wallets including those from Big Tech players Apple and Google are starving for share as Q1 2020 usage slipped below an unimpressive 2019. percent in 2019.”. percent in 2019. up from 39.3

Mobile 140

Mobile Apple Cards Millennials 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 124

Millennials Cards Lending Data 124

PYMNTS

MARCH 2, 2020

The United States’ tight labor market exacerbates competitive tensions for such agencies, though. The national unemployment rate fell to its lowest level since 1969 in April 2019 — 3.6 This month’s Deep Dive digs into the data that guides staffing agencies’ payroll disbursement decisions, including payroll cards ’ pros and cons.

Cards 130

Cards ATM United States Payments 130

PYMNTS

DECEMBER 26, 2019

But before we shut the door on 2019, it bears taking a moment to note how much the world of retail has changed in the last year, a fitting capstone on a decade that has seen retail as the American consumer commonly knew it taken to the ground and rebuilt nearly from the foundations.

Retail 135

Retail Branding Course Charlotte 135

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. Nordstrom joins other department stores in the resell market. It is playing the sustainability card this year, with Fashion Footprint Calculator. It says some 57.5

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

Jeff For Banks

APRIL 4, 2024

The Fed has paused for nearly a year now, and it was our experience in 2006-07 that bank cost of funds continued to increase as the market closed the delta between what someone could earn in a money market mutual fund and a bank account. But not until $1 trillion went from banking to money markets.

Banking Trends 115

Banking Trends Trends Millennials Oregon 115

PYMNTS

JANUARY 20, 2020

Millennials to the Rescue. The experience of buying, sending and receiving greeting cards continues to undergo changes in a world where social media and sparkling, decorated texts often suffice for getting across congratulatory messages. And they’re buying fancier specialty cards, often with personal touches,” the report stated.

Retail 183

Retail Millennials Cards social media 183

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. Since November 2019, about 60,000 UK users have signed up for the service, according to the Financial Times Thursday (Feb.

United States 150

United States FDIC Millennials cryptocurrency 150

PYMNTS

JUNE 25, 2019

P2P and Millennials. For instance, according to one report from LendEDU , a student loan refinancing company, about 33 percent of millennials had paid for drugs via Venmo — and that was in late 2017. Anyone with a bank account and debit card can use Venmo, a likely factor in its P2P reach.

Payments 115

Payments Marketing Millennials Trends 115

FICO

DECEMBER 19, 2018

As far as industry predictions go, perhaps surprisingly, one of mine actually came true: “ 2018 will be the beginning of the end for physical credit cards. However, their functionality will become even more omnipresent in our lives as more cards migrate to consumers’ mobile phones.”. Mobile Transactions Are the Fabric of Life.

Fraud 80

Fraud Payments Mobile Cards 80

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. million in the same 2019 period. “We

Marketing 198

Marketing Company Online Management 198

PYMNTS

FEBRUARY 5, 2020

And while consumers were certainly spending at a more than respectable clip during holiday 2019, the ways they were spending began showing some notable changes, particularly among younger shoppers. in the last 18 months, reported a particularly robust 2019 holiday season, seeing $160 million in sales from Black Friday and Cyber Monday alone.

Cards 143

Cards Millennials Regulation United States 143

PYMNTS

DECEMBER 24, 2020

If there was a defining trend for payments in 2020, or a trend that gained the most traction compared to 2019, it was buy now, pay later (BNPL). Millennials have shown remarkable interest in these solutions, which allow consumers to finance purchases with specific terms when they check out online. PYMNTS research shows 11.5

Payments 260

Payments Millennials Survey Trends 260

PYMNTS

JULY 14, 2020

billion in 2019, a 112 percent increase. Merchant revenue margins for fiscal 20 are expected to be in line with or better than the first half of fiscal 2020 and fiscal 2019. The company is exploring a number of small mergers and acquisitions to accelerate roll out across potential new international markets. Total sales were $11.1

Millennials 188

Millennials Capital Trends Report 188

PYMNTS

DECEMBER 11, 2020

Capital One Halts BNPL Transactions On Its Credit Cards. Capital One Financial Corp is putting a stop to buy now, pay later (BNPL) transactions on its credit cards, calling the dealings “ risky ,” for both consumers and banks. Report: Millennials, Buy Now Pay Later And The Shifting Dynamics Of Online Credit.

Trends 175

Trends Fraud Millennials Community Bank 175

PYMNTS

JANUARY 21, 2021

Merchants, card issuers and banks are no strangers to facing off against evolving fraud threats. This digital shift coincides with consumers’ growing trend toward using debit cards for eCommerce as well as for brick-and-mortar purchases. Debit And The Fraud Catch .

Fraud 148

Fraud Strategy Study Cards 148

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

PYMNTS

JANUARY 3, 2020

It seems extra crazy for the education market, considering that the people taking out and paying off college loans today don’t rely much on checks and don’t see paper in their future – in fact, they don’t even see it in their present. In Q3 2019, credit card issuer JCB International Co., Tuition Goes to Grad School.

Payments 130

Payments Millennials Cards Study 130

PYMNTS

MAY 13, 2019

The spotlight burned brighter for peer-to-peer (P2P) payment services in the first quarter of 2019, with those payment methods finding popularity among more consumers. During Q1 2019, Zelle sent $39 billion through its network via 147 million transactions, the company said in a news release. P2P Marketing. P2P Impacts.

Payments 198

Payments Apple Cards Course 198

PYMNTS

FEBRUARY 14, 2020

While it’s certainly not the case with every firm, for many, years of venture funding and building size and scale are considered favorable to an early entrance into the public markets with the vicissitudes of public investors. in 2019, and with more countries on the agenda for 2020. But in Australia, Afterpay Co-Founder and U.S.

Millennials 159

Millennials Retail Management US 159

PYMNTS

MARCH 24, 2020

Chinese smartphone manufacturer OnePlus said it would debut its mobile payment system this year when its OnePlus 7T series of mobile phones rolled out in September 2019. The payment platform currently handles a few different kinds of bank cards. The company’s mobile payment platform is now said to be live in China, GizChina reported.

Mobile 108

Mobile Payments United States Cards 108

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. A 2019 PYMNTS survey found that 60.8 Detecting Fraudsters.

Customer Experience 152

Customer Experience Fraud Millennials Online 152

PYMNTS

DECEMBER 9, 2019

You might be shocked to discover that fully 42 percent of businesses still used paper checks as their main payment method in 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. Banking on Instant.

Millennials 130

Millennials New York City National New York 130

BankBazaar

JANUARY 9, 2020

Looking for trends in India’s personal finance market? It offers insights from the credit purchase trends in India in 2019 and presents the outlook for 2020. The report, generated in-house by BankBazaar, has been compiled after analysing internal company data generated from over 322 million visits to BankBazaar’s website in 2019.

Report 136

Report Metro Cards Trends 136

PYMNTS

OCTOBER 1, 2020

percent in 2019 and 9.5 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 as of 2018. Fast Fact No.

Trends 306

Trends Study Taxes Payments 306

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

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

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

DECEMBER 27, 2019

The PYMNTS December 2019 Credit Union Tracker looks at the changing topography of the CU space, as digital transformation challenges the “all for one, one for all” mentality that has undergirded their business model since the 1800s. Strong balance sheets in key areas like credit card debt ($64.4 A Small Change It’s Not.

Digital Banking 130

Digital Banking Millennials Banking Trends Mobile 130

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 caters to the $21 billion plus size women’s clothing market.

Millennials 131

Millennials Branding Retail Payments 131

PYMNTS

MAY 20, 2019

The intelligent vending machine market, measured globally, could be worth as much as $15 billion by 2025. Sometimes customers don’t have cash, or don’t have the right amount, and cards are fast and convenient.”. Millennials prefer to use cards for smaller transactions, namely those under $5. The Kiosk Evolution.

San Francisco 170

San Francisco Retail Philadelphia Cards 170

PYMNTS

OCTOBER 8, 2019

Three months away from the end of 2019 and the dawn of the 2020s, the state of the credit union is stable, due to a healthy foundation that is already in place, according to Charles E. The Millennial Challenge. Now the relationship has moved beyond writing checks to credit and debit cards. Chuck) Fagan, CEO of PSCU.

United States 102

United States Millennials Course Lending 102

Accenture

SEPTEMBER 22, 2019

An obvious reason is the inroads they’re making into the market, both domestically and globally: recent Accenture research finds that digital-only banks operating in the UK could amass a total of 35 million customers globally within the next 12 months, up from 13 million today. in the year to February 2019. Why are they doing so well?

Innovation 150

Innovation Metro Apple Marketing 150

PYMNTS

AUGUST 12, 2019

A study by eMarketer shows that most people, especially millennials , prefer to chat or message instead of calling on the phone. After the first payment, participants can get a $5 Starbucks gift card. With the new partnership, Groupon will provide Prodege with card-linked offer content for local restaurants and other merchants.

Cards 100

Cards Online United States Chicago 100

PYMNTS

DECEMBER 24, 2019

For the annual holiday exercise at PYMNTS (describing the 12 main or most exciting ways to pay in 2019), it is clear that what has happened this year will have big implications for the new decade. Here are the 2019 payment trends that made the biggest splash, and promise to make even bigger splashes in the new decade. #1:

Cards 160

Cards Payments Study Examples 160

PYMNTS

NOVEMBER 4, 2019

The rise in fraud is not going unnoticed by the Federal Trade Commission (FTC), however, which noted that millennial consumers are especially vulnerable to fraud, losing $450 million to fraudsters in the past two years, of which $71 million was lost in online shopping scams. These fears aren’t completely unfounded.

Fraud 124

Fraud Retail Online Study 124