PYMNTS

JUNE 22, 2016

When it comes to American consumers, many may not be ready to admit how dependent they’ve grown on devices and the impact that’s had on the rapid growth of mobile banking and payments. The data shows there is an ever-growing daily dependence on mobile devices.

America 101

America Payments Mobile Survey 101

NCR

FEBRUARY 16, 2016

And there’s no better way to target Millennial entrepreneurs than with the technology they crave to help them in their business pursuits. More than any other generation, Millennials experience life, work and business through technology and they expect seamless interactions regardless of location.

Millennials 40

Millennials Study Retail Community Bank 40

PYMNTS

MAY 27, 2020

Noto’s remarks came on the same day as the announcement of “ Samsung Money by SoFi ,” the new mobile-focused money management product SoFi is offering in partnership with Samsung Electronics America Inc. Founded in 2011, SoFi made its reputation by refinancing student loans for millennials.

Samsung 131

Samsung San Francisco National Millennials 131

PYMNTS

MARCH 17, 2020

Yet this assumption, according to Jason Polancich, CEO of Invoia , fails to take into account the millions of SMBs throughout rural America, where many business owners — even millennial entrepreneurs — simply aren’t interested in complex technological solutions. “They have a hard time using online banking.

Millennials 168

Millennials User Experience Alabama Tools 168

PYMNTS

AUGUST 17, 2017

With more consumers moving to mobile transactions over visits to branches, some banks are considering closing brick-and-mortar locations to reduce operational costs. But, while closing physical bank branches might appear to be a wise cost-saving measure, the move comes with risks that could hurt banks’ relations with new millennial customers.

Millennials 132

Millennials Digital Banking San Francisco Fintech 132

PYMNTS

AUGUST 21, 2018

Buying fuel is not a desirable purchase,” said Rod Tos, manager of customer payments and card services for energy provider Chevron. 16), Shell , General Motors and mobile payments provider P97 officially announced a service that enables drivers to find and pay for fuel via technology embedded in their vehicles’ dashboards.

Payments 116

Payments Millennials Study Mobile 116

PYMNTS

NOVEMBER 16, 2017

Mary’s chief operating officer, Ken Senus, about how the credit union has evolved since it was founded and why, perhaps counterintuitively, its age is an appealing factor for millennial members. From Mill Workers to Millennials. Older credit unions that have managed to stay in business for many years, including St.

Millennials 101

Millennials US New Hampshire Resources 101

PYMNTS

AUGUST 4, 2017

With various banks and FinTechs producing innovative solutions — like mobile banking and P2P tools aimed at improving the speed of payments — the pressure is on for community banks to keep up. interactions per month with their banks using digital channels, including through online and mobile banking. faster payment system.

Community Bank 116

Community Bank Community Innovation Millennials 116

PYMNTS

MAY 22, 2018

Loyalty, in the era of mobile, can be a tricky prospect. This challenge is seen across the spectrum of consumers, but it’s most acutely noticeable among older or bridge millennials — consumers between the ages of 30 and 40 who are buying houses, having children and beginning to settle into their roles as the drivers of commerce in the U.S.

Millennials 109

Millennials Branding Retail Online 109

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

PYMNTS

MARCH 2, 2020

And while in some sense the data shows the patterns one would expect in terms of banks’ size and their level of core/IT enablement — bigger banks with more assets under management do better across the board than small banks with small assets under control, who are in the category of most likely to be core and IT deficient, according to the data.

Innovation 222

Innovation Data System Mobile 222

PYMNTS

JUNE 7, 2018

Community banking can be one of the most rewarding and most challenging areas of financial services in which to work — that’s the view, anyway, of Rebeca Romero Rainey, president and CEO of Independent Community Bankers of America (ICBA) , who recently joined the nation’s leading advocacy organization that exclusively represents community banks.

Community Bank 157

Community Bank Community Millennials Regulation 157

PYMNTS

JULY 25, 2019

In an interview with PYMNTS, Deirdre Ives, CEO and managing director at Wirecard North America, noted that when it comes to innovation, issuers face challenges in meeting the needs and expectations of a diverse populace of users spanning borders and cultures. That’s especially true among younger users such as millennials.

Payments 189

Payments Innovation Examples FDIC 189

PYMNTS

AUGUST 5, 2019

Julie Kheyfets, head of North America for AI-driven damage appraisal company Tractable , stated that the company’s tool uses image classification to determine damage and cost, allowing consumers to either set up appointments or cash out claims from their mobile devices. . Using AI, mobile for faster appraisal, instant payments .

Mobile 116

Mobile Tools Policies Millennials 116

PYMNTS

MAY 31, 2017

Food delivery and mobile payments at even more physical stores. Alipay, Alibaba’s mobile payment platform, released a version in Hong Kong dollars this week. Alipay said it will be expanding mobile payment service to users in America. The latest additions? Previously, payments could only be made in yuan.

Mobile 108

Mobile Atlanta America Seattle 108

PYMNTS

SEPTEMBER 16, 2016

Latin America is making big gains in the realm of payments, but Mexico may just be the region’s standout star. The Mobile Trailblazer. Mexico is on the path to become a mobile powerhouse, which says a lot since it has long been what TechCrunch described as a “telecom laggard.” percent to 59.8 percent to 59.8

Fintech 100

Fintech Capital Millennials Mobile 100

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

NCR

AUGUST 25, 2016

Even if you’ve got no interest in running around chasing virtual monsters, it’s been hard to ignore the latest mobile gaming phenomenon, which has already become one of the most popular apps in the world, even outpacing the likes of Facebook and Twitter. The first choice for Millennials. The impact for FIs.

Millennials 40

Millennials America Survey Mobile 40

Cisco

MAY 25, 2021

Chris Bottger, Cisco Americas Workplace Experience Strategist indicates Employee Engagement continues to be a challenge as FinServ employers assess a Safe Return to Office strategy. And the businesses that succeed in the future will be continuously connected to their customers through whatever channels their customers choose.

Strategy 71

Strategy Mobile Study System 71

Gonzobanker

JULY 31, 2017

Are mobile wallets a threat to PayPal’s online payment dominance? In the past two weeks, PayPal has signed agreements with Chase, Citi and Bank of America, in addition to expanding its deal with Visa to issue Visa debit cards in Europe. Mid-Size Financial Institutions Must Pivot, Too.

Samsung 69

Samsung Apple Mobile Online 69

NCR

FEBRUARY 17, 2017

That includes growth areas like mobile banking, of course, but also covers traditional cornerstones of retail banking like the ATM. In the rush to serve the tech-savvy millennial market and keep up with the latest developments in mobile and digital banking, some FIs might fall into the trap of overlooking traditional channels.

ATM 85

ATM Mobile Strategy Fraud 85

PYMNTS

OCTOBER 27, 2017

Why switch from Wells [Fargo] to Bank of America when you’re getting essentially the same experience?” As the demographics of entrepreneurs and freelancers continue to shift toward millennials and younger professionals, Merritt told PYMNTS that dissatisfaction with traditional FIs is likely to persist. he recently said.

Community Bank 103

Community Bank Community Survey Millennials 103

Gonzobanker

MARCH 6, 2018

Wells Fargo, Bank of America and Chase opened more new checking accounts in the last year than the next 17 largest banks combined and have more than 70 million total mobile users. 60% of smartphone users use mobile banking in some way, up from 36% four years ago. ? Digital: The New Must-Have. Aligned and Future-Ready.

Strategy 87

Strategy Marketing Mobile Trends 87

Tech and Finance

JULY 13, 2016

The largest national banks have pulled ahead in mobile, according a recent Forrester report — the 2016 U.S. Mobile Banking Functionality Benchmark. The big banks ranked better across multiple segments, including the coveted millennials, emerging affluents, and minorities. Or at least they should be. What Can Smaller Banks Do?

Regional 28

Regional Mobile Millennials Study 28

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. Millennials aren’t shunning luxury goods; they’re just renting them instead of buying. Millennials are in debt.

Millennials 78

Millennials Industry Trends Branding 78

PYMNTS

APRIL 5, 2018

Some of our research has shown, particular[ly] with the underbanked and millennials, that the ability to help them ‘save them from themselves,’ relative to financial management, budgeting, savings and so on is in high demand,” Politi said. “In were supporting the mobile payment service. In many cases, they’re struggling.

Tools 108

Tools Survey Payments Examples 108

CB Insights

OCTOBER 10, 2018

See which startups are helping JPMorgan, Bank of America, and Citi build the digital banking platforms of the future. Startups targeting retail and commercial banking have been emerging globally, spurred by favorable tech regulations, an uptick in mobile adoption, and shifting customer demographics. Incumbents Play Catch-Up.

Retail 78

Retail Cards Millennials Mobile 78

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. There is opportunity for banks to help these consumers more effectively manage these loans. Blend savings and investing together. Niche Neobanks.

Fintech 52

Fintech Millennials Lending Tools 52

PYMNTS

OCTOBER 6, 2017

In an interview conducted by PYMNTS’ Karen Webster with Brian Bailey, managing director for North America at Cardtronics , the discussion turned to why and how cash has remained so sticky. These Americans, said Bailey, are “upwardly mobile, but do not have the digital options and choice that others have.”.

United States 119

United States Study Cards FDIC 119

PYMNTS

JANUARY 15, 2020

Go mobile or go back home — especially when it comes to payment and finance. 15) with the release of The State of Mobile in 2020 , the latest and highly anticipated report from mobile data and analytics company App Annie. And it’s not just big banks playing the mobile finance game. Rappi follows suit in Latin America.

Mobile 130

Mobile Company Apple Google 130

PYMNTS

MARCH 14, 2016

Calvin McDonald, CEO of Sephora Americas, talked the Innovation Lab up as Sephora’s crucible of retail disruption. “Innovation has always been in our DNA,” McDonald said in a statement.

San Francisco 100

San Francisco Innovation Retail Branding 100

NCR

APRIL 11, 2016

That’s probably not a question that’s even been asked before, but in the era of mobile technologies, where instant decisions can implemented by swiping right or left, it probably has some validity. That said, does the glut of online and mobile banking tools have to come at the cost of human connections? Can the two co-exist?

Video 40

Video Tools Mobile Millennials 40

PYMNTS

JULY 15, 2016

Amazon also said that more than one million customers used Amazon via mobile for the first time to make a purchase. While there are serious divisions in America these days that ought not be made light of – there is at least one major division that practically begs us to make light of it. As prove by.

Retail 100

Retail FDIC Bitcoin Lending 100

PYMNTS

DECEMBER 15, 2017

is a rally cry that would perk the ears of many millennials, but how about “ Mastercard , assemble?”. The card network is hoping that’s the case, as it rolls out the first use case stemming from its recently launched global prepaid money management platform. What Millennials Want. “Avengers, assemble!”

Millennials 134

Millennials Management Cards Security 134

Tech and Finance

JUNE 14, 2018

Of those who do, nearly 70 percent cite meditation and mindfulness as the most effective activity for managing their stress, ranked above listening to music, sleeping or exercising. to a friend, family member, or colleague…Sixty-two percent of immigrants trust mobile technology to handle their finances. May 2018 GlobalData.

Survey 28

Survey Millennials Fraud Mobile 28

PYMNTS

JUNE 25, 2018

The Amazon Prime program at Whole Foods also works by linking a mobile number presented at checkout. For the Bridge Millennials — those aged 30 to 40 years old who are the first generation of connected consumer with spending power — they barely register. As one of the 90 million U.S. Both placed near the bottom of the list.

Retail 156

Retail Branding Millennials Online 156

PYMNTS

SEPTEMBER 6, 2016

Of course, it’s not just the FinTech industry and tech-savvy millennials who are fueling digital change. Citing the 2014 North America Consumer Digital Banking Survey by Accenture, amazingly, 50 percent of people would use banking services from a Square app if they were offered one, and 41 percent would use banking services from PayPal.

Security 100

Security CA Payments Big Data 100