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

Perficient

APRIL 14, 2022

population is considered millennial or younger as of July 2019), the demand for personalization in the commerce experience grows. New product opportunities are being driven by innovation and market conditions. Leveraging Data Responsibly . As digital natives begin to make up the majority of the U.S.

Strategy 332

Strategy Tools Industry Customer Experience 332

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. Surveys and other types of reports are taking note of this apparent trend. About a fifth, by comparison, had used Venmo for gambling.

Payments 115

Payments Marketing Millennials Trends 115

FICO

DECEMBER 20, 2018

For my predictions, I’ll focus on four areas of tactical concern within consumer banking that I feel confident bank executives will make significant progress addressing 2019. This regulatory green light will embolden bank product managers to think creatively in 2019 about how they can carve out a slice of the estimated $90 billion U.S.

Trends 73

Trends Lending Fraud Exercises 73

PYMNTS

OCTOBER 5, 2020

Now that consumer packaged goods companies have shown they can create products and sell them directly to consumers, it’s time for them to step up their strong suit: marketing. As part of its Kellogg’s Family Rewards program, it is wrapping up a D2C promotion that is unique for its marketing-first approach and for its product bundling.

Branding 183

Branding Millennials Resources Marketing 183

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

Abrigo

OCTOBER 21, 2019

Today, 73% of all consumer interactions with financial institutions are done digitally , according to the 2019 FIS Performance Against Customer Expectations (PACE) report. Does your financial institution support a culture of innovation and an environment that welcomes new technology?

Oklahoma 218

Oklahoma Millennials Innovation Technology 218

PYMNTS

DECEMBER 18, 2019

In 2019 alcohol consumption in the U.S. percent it fell in 2017 according to IWSR, an industry tracker for the drinks market. . billion in sales between October 2018 and October 2019 — a roughly 200 percent jump — and kicked off something of a spiked seltzer follow-on craze. fell by just shy of 1 percent, more than the 0.8

North Carolina 131

North Carolina Millennials America Boston 131

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

JANUARY 26, 2021

Market watchers have already begun listing additional features they want to see by the end of the year, according to reports. And voice assistants are showing up to assist with a growing number of those home purchases — 42 percent more often than they did in 2018 and 10 percent more than they did in 2019.

Millennials 175

Millennials Data Trends Security 175

PYMNTS

OCTOBER 22, 2020

The panelists agreed that there is no lack of liquidity in the market. Bergeron noted that such investments and markets are “hot until they’re not” and there could be an exogenous event that shocks public and private markets and reset valuations. That dwarves the 2019 tally of 59 deals for gross proceeds of $13.6

Fintech 169

Fintech Capital Innovation Data 169

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

MAY 23, 2019

According to the Credit Union Innovation Playbook , a PYMNTS and PSCU collaboration, trust is the driving factor in that choice. As of 2019, three quarters of customer interactions with credit unions are digital — the remaining 25 percent is split between branch visits, ATM stops and call center calls. Building A Better Package.

Online 123

Online Millennials Digital Banking Maine 123

PYMNTS

JUNE 4, 2019

Cars and quick-service restaurants (QSRs) have been interconnected since drive-ins were the latest innovation. QSRs and coffee merchants have been some of the most prominent testers in the connected commerce market, likely because those are the two categories that are most active among commuter commerce users. percent vs. 45.8

Millennials 184

Millennials Google Mobile Report 184

PYMNTS

MARCH 10, 2020

What instant lending innovation have shoppers fallen in love with? 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. Here’s a hint: We’ll tell you now … and you can thank us later.

Case Study 135

Case Study Retail Millennials Branding 135

PYMNTS

FEBRUARY 18, 2020

So get ready for quirky marketing, quirkier products, retro strategies and decidedly futuristic pricing as the business contends with a downturn. cereal market has lagged recently, with a slight uptick in 2019. Nostalgia can play a key role in the marketing of cereals,” according to an article by Lauren Piek of the Kerry Group.

Trends 160

Trends Branding Strategy New York 160

PYMNTS

DECEMBER 27, 2019

Early innovators managed cooperatives using the same founding principle that CUs use today: members-first finance in place of indifferent, legacy-style banking. percent in Q3 2019, which is a concern for the entire sector. The Shore Porters Society. Fenwick Weavers’ Society. Digital Unison.

Digital Banking 130

Digital Banking Millennials Banking Trends Mobile 130

PYMNTS

DECEMBER 27, 2018

The strength of open banking is apparent in the fact that it has gained traction even in markets like the U.S., “Over the past 13 years, 3,000 new FinTechs have sprouted up in major financial services markets. As a result of competition and demand in the market, instant, invisible and free payments will soon be a given.

Customer Experience 191

Customer Experience Survey Trends Data 191

PYMNTS

OCTOBER 20, 2020

Until recently there was “a consumer” who industry felt it understood, and whose tastes it knew well enough to gauge the market of new products and services. We learn that the creative innovation that’s capturing people’s imaginations more than anything now is the mighty spoken word.

Maine 221

Maine Retail Branding Study 221

PYMNTS

JULY 30, 2019

That applies to companies such as Grubhub, which on Tuesday (July 30) reported its second quarter 2019 earnings — a report that did not exactly please investors , and which hinted at some contraction to come. billion and is rapidly eating up Grubhub’s market share. More critically, however, DoorDash is currently valued at $7.1

Millennials 100

Millennials Google Mobile Maine 100

PYMNTS

DECEMBER 27, 2019

Among the common themes to emerge: Change will come to the point of sale (POS), moved by the continued pivot to contactless ways to pay — and the demographic change that will bring the mighty millennial more buying power. The country’s Superintendency of Industry and Commerce (SIC) reportedly said Uber went against market rules.

Taxes 101

Taxes Mobile Management blockchain 101

Gonzobanker

DECEMBER 20, 2019

GonzoBankers, 2019 was a year of extremes. Third, read and enjoy the 2019 edition of the GonzoBanker Awards, our 18 th. The company’s market capitalization, which after declining to less than $600 million in the 2009 recession, has now grown to almost $3 billion. annual list. We may not be good, but we’re persistent!

Idaho 148

Idaho Conference Data Marketing 148

PYMNTS

DECEMBER 21, 2020

You can see it in how investors are putting money to work in both consumer-facing and B2B startups, and how startups and incumbents are forging new partnerships to move innovation faster to market. And since iPhone users skew more to the affluent, it also denied those innovators the opportunity to monetize their spend.

Apple 227

Apple Study Innovation Survey 227

PYMNTS

MAY 24, 2019

Older customers might prefer human interaction and want nothing to do with automated help , while millennials or Gen Z might want to solve their issues through chat windows powered by AI. clothing rental market is projected to reach $4.4 According to the Payments and The Platform Economy Playbook , the U.S. billion by 2028.

Online 130

Online Millennials Payments Customer Experience 130

PYMNTS

DECEMBER 3, 2019

Lots of innovators come to market claiming they’re ready to explosively disrupt the status quo, but the number of products that actually do manage that kind of up-and-to-the-right adoption pattern are far fewer in number. As of the closing days of 2019, instant payments are far from an exotic product. he asked. “I

Payments 141

Payments Risk Management Industry Regulation 141

PYMNTS

OCTOBER 30, 2018

It was this observation, said Fred Thomas, vice president and general manager of retail for Goodyear, that led the firm to believe it had reached a crossroads where innovation is necessary. In our (traditional tire) stores we skew slightly older and slightly male, and we are missing millennials and women,” Thomas said. “We

Millennials 159

Millennials Maryland Metro Course 159

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.

San Francisco 116

San Francisco Online Retail Millennials 116

PYMNTS

JANUARY 3, 2020

We welcome firms with innovative value propositions to apply for the digital bank licenses, even if they have not yet established a track record in banking,”. The move follows Hong Kong’s early 2019 decision to issue digital banking licenses as the two economies are strong competitors in the region. Oversea-Chinese Banking Corp.

Digital Banking 130

Digital Banking Groups Regional Mobile 130

PYMNTS

JANUARY 11, 2019

As of early 2019, some 28 percent of consumers own a voice-activated device, up from 14 percent last year, according to the PYMNTS/Visa figures. As of early 2019, Amazon and Google are the two main competitors for that crown, and they are not quite equally matched insofar as Amazon’s market share is greater. Google Goes Big.

Google 145

Google Samsung Apple Technology 145

PYMNTS

DECEMBER 14, 2019

If you haven’t heard – well, someone in Disney’s marketing department is about to be fired, since the House Of Mouse (and superheroes, Wookiees and Jedis) has been fairly unsubtle in its attempts to make sure the entire U.S. As you may have heard, there is a new Star Wars movie coming out in a little under a week. Mostly, but not entirely.

Maine 170

Maine Retail Innovation Millennials 170

PYMNTS

JANUARY 13, 2019

Those 99 million connected consumers are quickly transforming the car itself – from an innovation solely about transporting a consumer from point A to point B, into a contextual commerce channel worth $230 billion in commuter-inspired purchases a year. The 2019 Digital Drive study was done with the support of P97.

Millennials 122

Millennials Study Retail Groups 122

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

MARCH 1, 2019

markets, aiming to generate repeat visits as part of its experiential retail efforts. DSW President Bill Jordan said in an announcement that the company was “encouraged by the reaction we’ve received to our nail bar test at our two warehouses in Columbus” and that they are looking forward to “additional learnings” in new markets.

Branding 129

Branding Retail Columbus Las Vegas 129

FICO

AUGUST 19, 2022

Thu, 12/19/2019 - 16:29. According to a 2022 report by Cornerstone Advisors , the percentage of Gen Z, Millennial, and Gen X consumers in the U.S. Here are five specific competitive threats – areas where FinTech companies are gaining traction in the banking market – and what banks should be doing to counter them.

Fintech 52

Fintech Millennials Lending Tools 52

PYMNTS

DECEMBER 24, 2020

market for initial public offerings (IPOs) had a banner year in 2020 despite the pandemic — or perhaps because of it. Markets initially responded accordingly, with shares pricing at $24 — the very top of the stock’s $22 to $24 expected range. million in the same 2019 period. million in Q3 2019. percent to close at $22.05.

US 230

US Company Report Payments 230

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

CB Insights

MARCH 26, 2019

Every few weeks, another story about the dreaded generation surfaces: millennials are killing casual dining; millennials are killing breakfast cereal; millennials are killing home ownership. 2019 FOOD & BEVERAGE TRENDS TO WATCH. Why the millennial generation is so different. Millennials are in debt.

Millennials 78

Millennials Industry Trends Branding 78