CB Insights

DECEMBER 10, 2020

Bank of America and the traditional banking system is being disrupted across a wide variety of core revenue streams. . Bank of America, for one, saw profits drop 16% year-over-year (YoY) in Q3’20 to $4.9B. For example, Trumid is an online trading platform providing corporate bond market professionals with direct access to liquidity.

America 101

America Lending Cards San Francisco 101

PYMNTS

AUGUST 22, 2018

The online marketplace has disrupted any number of verticals, changing the way we shop and spend, and where we grab must-have items — from books to rugs to lamps, and sometimes from across international borders. Within that, how much is online? Why should luxury fashion be any different? Perhaps no surprise: the young’ns.

Online 101

Online Retail Branding Data 101

PYMNTS

OCTOBER 1, 2020

Millennials and Generation Z consumers are embracing buy now, pay later (BNPL) plans as a way to responsibly purchase items without incurring fees or debt in the process. In fact, 93 percent of millennial BNPL app users have not been subjected to late fees. Afterpay retailers are listed in an online directory that its 8.4

Millennials 210

Millennials Retail Maine Payments 210

PYMNTS

FEBRUARY 19, 2020

Corporate buyers can pay more rapidly online with credit cards, benefitting sellers, and enjoy easy access to detailed, searchable information to guide their purchasing decisions. Some online sellers eschew online marketplaces in favor of more tailored digital sales experiences, turning to eCommerce system providers for help.

Mobile 197

Mobile Online Payments Tools 197

PYMNTS

SEPTEMBER 19, 2018

Millennials and younger portions of the population are now turning to convenient, customizable and healthy fare in search of sustenance that fits into their daily hustles. Grocery stores are also seeing a shift, as more consumers now shop for groceries and food online. About the Playbook .

Comparison 108

Comparison America Millennials Data 108

PYMNTS

NOVEMBER 11, 2020

When consumers shop Gap brands online, they can choose Afterpay at checkout and pay for purchases in four interest-free installments. “We to bring Afterpay to such a powerful set of brands and their customers,” said Melissa Davis , head of North America at Afterpay. . We are proud to partner with Gap Inc.

Retail 222

Retail Charlotte Branding Millennials 222

NCR

JUNE 29, 2016

Coming of age during the last recession and being subjected to the barrage of headlines about financial executives misbehaving, many Millennials are distrustful of established financial brands and institutions. are in the bottom 10 of the least loved brands by Millennials. are in the bottom 10 of the least loved brands by Millennials.

Millennials 45

Millennials social media User Experience Branding 45

PYMNTS

OCTOBER 17, 2018

The boomers are in fact overshadowing the growth that is being seen with the millennial population. The average millennial dines out about 241 times a year, as the analyst noted. Earlier this year, the company announced its acquisition of LevelUp, which boosts online ordering and delivery efforts.

United States 128

United States Millennials Trends Online 128

PYMNTS

MAY 1, 2020

JPMorgan Chase and Bank of America said they processed almost 500,000 applications totaling roughly $46 billion as part of the Paycheck Protection Program intended to help small businesses that are struggling due to the coronavirus pandemic. Tradesy CEO: Millennial Women, Louboutin Shoes And Restarting The Economy.

Maine 141

Maine Millennials Payments Analysis 141

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

OCTOBER 21, 2020

"Demand for refurbished products has surged, and by securing exclusive rights to inventory sold directly from the most popular manufacturers, eBay is changing the way people shop this category," said Jordan Sweetnam , senior vice president and general manager for eBay's North America market.

Branding 192

Branding Samsung Meeting Millennials 192

PYMNTS

OCTOBER 13, 2020

Just like using Afterpay online, customers can pay for their in-store purchases in four installment payments, without the need to take out a traditional loan or pay upfront fees or interest. 13) press release. Shoppers can use the Afterpay they know and love, with the added benefit of taking home their purchase that very same day.”. .

Retail 130

Retail United States Millennials Branding 130

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. It provides an exhaustive and statistically reliable portrait of the connected consumer in America. consumers shop and pay — today and in the future. This group of 60 million U.S.

Millennials 222

Millennials Study Course Trends 222

PYMNTS

OCTOBER 21, 2020

percent also reported having bought retail goods online in the last 24 hours. That’s a whole lot of commerce happening across a series of channels — often at the hands of “bridge millennials,” consumers entering their prime spending years. In fact, figures show that they’re doing a lot of shopping everywhere.

Millennials 150

Millennials Retail Report Mobile 150

FICO

JUNE 9, 2016

Millennials, now the largest demographic group in America, are possibly the most misunderstood, elusive market ever, a notion underscored by The Wall Street Journal ’s article about the existence of $20,000-per-hour “Millennial consultants.” Millennials reward positive fraud outcomes. At least not yet.

Millennials 40

Millennials Fraud social media Survey 40

PYMNTS

MAY 18, 2018

Warby Parker rival Eyebobs has said it will soon be opening two brick-and-mortar locations later this summer: one in the Mall of America and one in Orlando’s Florida Mall, according to recent Retail Dive reports. The firm first began testing the concept last October at its Minneapolis-based Glenwood Avenue headquarters.

Minneapolis 100

Minneapolis Florida Online Millennials 100

PYMNTS

NOVEMBER 6, 2020

Meanwhile, millennial consumers have drastically picked up the pace of their home buying. For instance, online real estate giant Zillow Group Inc. Also, continued investment in technology is enabling people to do more of their shopping and transacting online. The COVID-19 pandemic has been good for the real estate market.

Video 210

Video Millennials Tools Marketing 210

PYMNTS

DECEMBER 4, 2018

In September, Bank of America announced that it would roll out a Premium Rewards credit card that offers customers unlimited points that never expire. The Millennials Cometh. We are talking here, of course, about millennials. In fact, more than half of FIs plan to focus on digital wallets over the next three years.

Payments 191

Payments Millennials Cards Course 191

PYMNTS

APRIL 25, 2019

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. These are particularly popular among Gen Zers, the up-and-coming generation that is starting to nudge millennials out of the headlines.

Retail 166

Retail America Video Millennials 166

Bank Innovation

JULY 11, 2018

Unlike others such as JPMorgan Chase’s Finn, which was rolled out nationwide earlier this month, this digital bank is not catering to the general ‘millennial’ audience as is evident by its $5,000 deposit minimum. […].

Groups 225

Groups Millennials Digital Banking Operations 225

PYMNTS

MAY 27, 2020

The coronavirus-driven market downturn has prompted investing by younger people who see it as an opportunity, the report said, noting a number of other online brokers have also seen an increase in new investor accounts this year. Founded in 2011, SoFi made its reputation by refinancing student loans for millennials.

Samsung 131

Samsung San Francisco National Millennials 131

PYMNTS

JANUARY 18, 2017

There will also be a customer-facing regional structure aimed at five global regions in North America, as well as Europe, the Middle East and Africa; Asia; Latin America; Mexico and Pacific and a reorganization in the departments of line finance, human resources and communications.

Millennials 100

Millennials Branding Regional America 100

PYMNTS

AUGUST 5, 2016

The July edition of the Tracker reports that surveys from both Bank of America and Chase indicate that consumers are planning to make more digital and mobile purchases in the years ahead. The network would connect 100 million online banking customers, enabling them to transfer money instantly from one account to another.

Payments 100

Payments America Millennials Digital Banking 100

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

FEBRUARY 27, 2019

Online luxury marketplace 1stdibs stands as an example of that kind of content, along with providing — as do some other companies — a demonstration of the appeal of both digital and physical forms of content to tie consumers to a brand or ecosystem. Wayfair is among the major online retailers that see renewed value in print catalogs.

Retail 214

Retail Online America Millennials 214

PYMNTS

AUGUST 17, 2017

Chase, Wells Fargo, Bank of America and Citi, to name a few, all scaled back their physical bank branch locations between 2012 and 2016, according to the Federal Deposit Insurance Corporation (FDIC). It has also meant working in anticipation of the changing needs of millennial users. Staying on Top of Customer Expectations.

Millennials 132

Millennials Digital Banking San Francisco Fintech 132

PYMNTS

MARCH 2, 2018

Several major banks and FIs — including Bank of America, Discover and Wells Fargo, among others — offer cash back rewards on their credit card products to entice customers and encourage brand loyalty. For millennials, these cards simply don’t induce the same debt-based anxieties as credit cards. Winning the millennial market.

Millennials 101

Millennials San Diego Cards Retail 101

PYMNTS

MAY 25, 2017

it is also making inroads in America, announcing in April Alipay will be linking with Visa to establish a new payment method targeted to millennials, enabling acceptance at any online merchant that accepts Visa Checkout. While AliPay is expanding outside of the U.S.,

Mobile 101

Mobile Payments Millennials America 101

PYMNTS

AUGUST 4, 2017

Getting community banks to adapt to the changes brought on by the availability of faster payments is a priority of the Independent Community Bankers of America (ICBA), the trade organization representing approximately 5,800 community banks of various sizes nationwide. Millennials Moving Into And Up In The Business World.

Community Bank 116

Community Bank Community Innovation Millennials 116

PYMNTS

DECEMBER 30, 2020

College-educated shoppers also outpace those with only high-school degrees or less, while bridge millennials, millennials and Generation Zers expressed greater interest than Gen-X and Baby Boomers did. That included more than 100 percent digital sales growth in North America. For example, 43.9 percent who earn less than $50,000.

Branding 257

Branding Millennials Retail social media 257

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. Conservative Approach, Rooted in the Great Depression. For its part, St.

Millennials 101

Millennials US New Hampshire Resources 101

PYMNTS

MAY 22, 2018

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. according to the figures PYMNTS has gathered.

Millennials 109

Millennials Branding Retail Online 109

PYMNTS

JUNE 22, 2016

According to a new survey from Bank of America , released on Tuesday (June 21), less than one in five (17 percent) adults believe they are on their mobile phone too much, while more than half (56 percent) believe other people are guilty of overuse. The data shows there is an ever-growing daily dependence on mobile devices.

America 101

America Payments Mobile Survey 101

PYMNTS

JUNE 21, 2018

Launched in 2014, Robinhood is a minimalist app that lets users set up an an online brokerage account, transfer funds from accounts at major banks (including Chase, Citi and Band of America) and check the prices of their stocks.

Regulation 123

Regulation Millennials California Capital 123

PYMNTS

JANUARY 30, 2018

When Bank of America announced last week that it was terminating its free checking option for low-balance customers, a literal Tweet storm broke out. Three years later, in 2013, Bank of America stopped enrolling new customers in the program. As of today, over 25K customers have made [the] switch from Bank of America to Aspiration.”.

America 109

America Maryland FDIC Millennials 109

PYMNTS

FEBRUARY 21, 2017

That started with a redesign of our website to make it responsive to whatever device a customer is using — a computer, tablet or smartphone — followed by online catering and additional out of store payment options and continues with the completion of our ‘Smarter Pickup Times’ initiative.

America 101

America Millennials Mobile Survey 101

PYMNTS

JUNE 26, 2018

The eCommerce operator’s pet product category has grown by at least 45 percent since 2015, based on the percentage of adults who had bought pet products via online retail channels over the preceding quarter. Based on third-party forecasts, Amazon expects online pet product sales to reach $8.2 Millennial Demand. That’s not all.

Millennials 117

Millennials Policies Industry New York 117