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

FEBRUARY 14, 2020

That didn’t mean the process wasn’t incredibly stressful, he noted, because in 2016, the buy now, pay later (BNPL) concept Afterpay was selling was still very new, and the millennial demographic the firm was anticipating to carry it forward weren’t quite into their significant spending years yet. 18 months ago, in the U.K. The Two Big Bumps

Millennials 159

Millennials Retail Management US 159

PYMNTS

DECEMBER 27, 2019

We have a deep dive into spend management in addition to news involving the Sprint and T-Mobile merger, as well as data on state tax laws. . Payments Flash-Forward: Why December 2020 Will Be One To Remember. 12 Ways Consumers Will Pay (And Be Paid) In 2020. Behind Sysco’s Spend Management Switch To Cards.

Taxes 101

Taxes Mobile Management blockchain 101

South State Correspondent

AUGUST 16, 2023

Home equity lines of credit (HELOCs) and bank card usage are up 24% and 17%, respectively. These are cash flow management tools that send a signal of future problems. Banks are currently reducing indirect auto financing growth and are managed by greater holdback and fewer exceptions. Unsecured personal loan usage is up 21%.

Trends 195

Trends Cards Capital Data 195

PYMNTS

NOVEMBER 6, 2020

Membership has its privileges ” was the nine-year marketing campaign rolled out by American Express in 1987 to convince consumers that it was worth paying a yearly fee for one of its charge card offerings. Millennials Drive More to Faster Payments . Data Analytics Changes the Working Capital Management Paradigm.

Online 148

Online Payments Millennials Apple 148

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. That figure could rise to 95 percent by 2020. Among the latest hopes for healthcare payments is blockchain.

Technology 166

Technology Payments Millennials blockchain 166

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. Strong balance sheets in key areas like credit card debt ($64.4 billion) and mortgages find most credits unions on solid footing as 2020 begins. A Small Change It’s Not.

Digital Banking 130

Digital Banking Millennials Banking Trends Mobile 130

PYMNTS

DECEMBER 20, 2019

but after almost 50 years, it began to fade out in the 80s, disrupted by the emergence of store-branded credit cards. Pay over time — and with interest, Anthony Eisen, CEO and managing director of Afterpay , noted in an interview with PYMNTS. After its birth in the 1930s, layaway had a long run in the U.S., Building Out .

Millennials 137

Millennials Retail Tools Branding 137

PYMNTS

OCTOBER 29, 2020

And that newfound love of saving and spending more responsibility has been good for Upgrade, a neobank that offers qualified consumers access to loans and Visa card products that carry low-interest rates (currently about 6.6 The Upgrade card isn’t a revolving credit product like most of its competitors.

Cards 245

Cards Lending Millennials Payments 245

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

CB Insights

DECEMBER 10, 2020

The pandemic has also accelerated recent trends in banking, especially among the millennial demographic, which tends to favor digital banking and online brands over traditional banks. TransferWise is valued at $5B, as of July 2020. Companies like Fount and Liqid are digital asset managers with robo-advising capabilities.

America 101

America Lending Cards San Francisco 101

PYMNTS

MARCH 17, 2020

The federal tax filing deadline in 2020 has been waived in the wake of coronavirus disruptions. As soon as the refund is issued, customers could have funds sent directly to their bank accounts, [sent] to pay off credit card bills, [sent] to Amazon accounts or even split amongst all of those places.”. It’s unprecedented.

Taxes 130

Taxes United States Millennials Payments 130

PYMNTS

FEBRUARY 13, 2020

Among the key focal points for NCR looking ahead lies expanding card management and commerce capabilities. It’s really about extending out the capability of your card to the commerce ecosystem,” he said. Conventional wisdom may hold that millennials want a purely self-service experience when it comes to their financial lives.

Millennials 231

Millennials Digital Banking Mobile Course 231

PYMNTS

JANUARY 21, 2021

Merchants, card issuers and banks are no strangers to facing off against evolving fraud threats. The pandemic has driven consumers to make the bulk of their purchases online, leading many businesses and retailers to struggle with securing their digital infrastructures and payments processes while managing floods of orders.

Fraud 148

Fraud Strategy Study Cards 148

PYMNTS

MAY 4, 2017

In conversation with Cardtronics’ Brian Bailey, managing director for Global Financial Institutions, and Tom Pierce, chief marketing officer of the firm, Webster noted that even with the rallying cry of a war on cash in the digital economies — and in emerging markets — cash is alive, doing well and actually growing in terms of usage.

ATM 192

ATM Millennials United States Study 192

BankBazaar

MARCH 18, 2020

Your credit report contains vital information about your Credit Card(s) and Loans. By going through it, you’ll know if you’ve been missing any Credit Card payments or loan EMI payments. Kicked off a brand new plan to save money in Jan 2020? Additional Reading : Best Credit Cards For Cashback.

Cards 78

Cards Millennials Report Branding 78

PYMNTS

OCTOBER 20, 2020

Apple had already more or less created the modern smartphone industry with the iPhone and remade the music industry with the iPod – so it didn’t seem too much of a stretch to believe that if Apple wanted to disrupt the plastic card, it could fall out of favor for in-store purchases. As of Q3 2020, 93.9 Apple’s New Numbers Grove.

Apple 133

Apple Payments Study Mobile 133

Jeff For Banks

JANUARY 26, 2017

Will millennials come to your financial institution once they've acquired the investable assets to make your Trust Department interested? Credit cards still fill the breach. Build your own wealth management platform. Got $500,000 in investable assets? Well what about all that time from early stage to stable business?

Management 60

Management Strategy Meeting Millennials 60

PYMNTS

NOVEMBER 13, 2019

In an interview with PYMNTS, Mladen Vladic, general manager of loyalty solutions at Fidelity National Information Services ( FIS ), said bridging the gap between a satisfied customer and a loyal one is a matter of urgency for firms across all verticals, but especially for retailers. That’s just not engaging.”. The Mechanics. The Mechanics.

Millennials 118

Millennials social media Retail Cards 118

MyBankTracker

AUGUST 26, 2020

For children, a strong foundation in personal finance can lay the groundwork for a lifetime of smart money management. But, according to the Council for Economic Education, only 21 states require high school students to take a personal finance course, as of February 2020. How Children Can Start Managing Their Own Money.

Survey 52

Survey Cards Study Examples 52

PYMNTS

SEPTEMBER 6, 2017

trillion by 2020, according to the latest figures from the Global Business Travel Association (GBTA). Chung told PYMNTS why the consumer credit card industry is a huge factor in getting companies to spend more on travel, and how companies can shift from blindly paying for employee travel to being more strategic about spending.

How To 130

How To Cards Industry Trends 130

FICO

JUNE 14, 2021

For many options, borrowers first create an account with each BNPL firm they want to use, providing their debit card or bank information as the payment mechanism. For these reasons, BNPL loans, which are convenient and fast, can be an excellent spend management tool. They can then choose the BNPL option at checkout.

Fraud 52

Fraud Cards Millennials Utah 52

PYMNTS

DECEMBER 30, 2020

Connected-economy companies led 2020’s surprisingly successful roster of U.S. Robinhood offers an easy-to-use app to trade stocks commission-free, making the company popular with millennials. households with pets will rise 4 percent in 2020, creating $4 billion in fresh demand for pet products. billion from $3.3

Marketing 198

Marketing Company Online Management 198

Perficient

MAY 17, 2022

Total outstanding debt in the sector grew by $84bn to $1.46tn, outpacing the increase seen in student and credit card debts combined.” ” In March 2020, due to COVID lockdowns, the Seasonally Adjusted Annual Rate (SAAR) of auto sales collapsed to 11.4 Auto-loan originations in the U.S. 1% of auto loans in the U.S.

Strategy 294

Strategy Customer Experience Study Technology 294

PYMNTS

MAY 29, 2020

In a feature story, Uma Wilson, executive vice president and director of treasury management, card and bank product UMB Bank , discusses analyzing client behaviors throughout channels to find unusual activity. Retailing 2020: Five Things To Watch. Millennials Are Facing Their Second ‘Once-in-a-Lifetime’ Financial Crash .

Maine 130

Maine ATM Innovation Millennials 130

PYMNTS

NOVEMBER 16, 2020

9, 2020, the stock market hit a high not seen since February, shortly before the world would feel the brunt of the global pandemic. and global economy for most of 2020. That presents a logistical challenge that experts have acknowledged, but insist is doable and manageable. On that day, Nov. The remainder were somewhat likely.

Study 270

Study Retail Millennials Conference 270

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. It also manages resale programs for Arc’teryx, Eileen Fisher, Patagonia, REI and Taylor Stitch. We like the handle. Logistics are being handled by Yerdle.

New York City 124

New York City Marketing New York Los Angeles 124

Gonzobanker

DECEMBER 20, 2019

billion of assets under management. Hats off the Schools Financial’s board and management for acknowledging that even multi-billion dollar credit unions can drive value via merging with someone bigger. We salute CEO Frank Weidner, CIO David Mason and Strategic Insights Manager Mike Lindberg for taking this big strategic step.

Idaho 148

Idaho Conference Data Marketing 148

MyBankTracker

MARCH 30, 2021

Credit cards 7.40% 7.20% 7.70%. Managing loans and debt 6.40% 5.90% 7.60%. Investing Boom in 2020. Report: 49% of Millennials Don’t Own a Credit Card. Reducing/eliminate expenses 9.40% 7.70% 11.00%. Saving smarter 7.60% 7.00% 8.10%. Insurance 5.90% 5.90% 5.80%. Why Are They Avoiding.

Survey 52

Survey Study United States Millennials 52

PYMNTS

OCTOBER 20, 2016

According to Robert Flynn, managing director of Accenture Payments in North America: “Consumers are content to use cash and plastic for their everyday transactions, and while the use of cash is declining overall, it is the most commonly used form of payment – and consumers expect it to remain so in 2020. Three-quarters of U.S.

Apple 100

Apple Mobile America Payments 100

Accenture

SEPTEMBER 22, 2019

By way of example, Monzo passed 2 million users in May 2019 and anticipates 3 million this year, while Revolut is targeting 10 million by 2020. They also deliver innovative, easy-to-use apps that help users with things like managing their daily budget or travelling abroad.

Innovation 150

Innovation Metro Apple Marketing 150

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. Download the free report to find out how fintech is shaping the future of wealth management and investing. get the REPORT on next generation investors.

Millennials 77

Millennials Mobile Lending Cards 77

FICO

FEBRUARY 5, 2021

Providers would fight for top-of-wallet status for their credit cards and debit cards. And every institution would try to cross-sell their way into larger, more profitable products (personal loans, mortgage, wealth management, etc.). A customer would have a primary bank, where a majority of their deposits would sit.

Millennials 52

Millennials social media Fintech Examples 52

PYMNTS

NOVEMBER 22, 2019

For a customer using a revolving credit tool, such as a credit card, the best outcome is to pay their balance in full each month, which has the benefit of buying now and paying later, with none of the attendant harms like paying an interest fee. However, that usually isn’t the best outcome for the card issuer.

Millennials 158

Millennials Retail Tools Branding 158

FICO

AUGUST 19, 2022

According to a 2022 report by Cornerstone Advisors , the percentage of Gen Z, Millennial, and Gen X consumers in the U.S. who consider a digital bank (like Chime, Cash App, or PayPal) to be their primary checking account provider has more than doubled since 2020. Niche Neobanks.

Fintech 52

Fintech Millennials Lending Tools 52

PYMNTS

OCTOBER 11, 2018

by 7 percent and 15 percent from his 2020 estimates, on the basis of what he identified as Snap’s two leading problems at present: sluggish new-user growth and slow growth in revenue per user. But at this point, he is skeptical that Snap can manage a hat trick. Nathanson went on to slash his revenue estimates for Snap Inc.

Apple 181

Apple social media Millennials Report 181

PYMNTS

MARCH 22, 2018

The ultimate goal, he said, is to achieve ubiquity of faster payments by 2020. For instance, if a customer is using the platform to pay his Discover bill, that’s a strategic moment for the credit union to educate that member about how much he could save annually by switching to the credit union’s credit card.

United States 116

United States Payments User Experience Millennials 116