PYMNTS

SEPTEMBER 8, 2016

Maybe millennials really are a self-centered bunch? New data suggests that they are buying more gift cards than ever before but then turning around and spending those cards on themselves. Of those surveyed, 63 percent bought these types of cards this year, compared to 61 percent in 2015 and 56 percent in 2014.

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Millennials Cards Retail Survey 100

PYMNTS

DECEMBER 2, 2020

In a year that’s been filled with lifestyle changes, personal pivots and business adaptations, 2020 may also go down as the year of the gift card as studies show an outsized increase in sales leading up to the busy holiday season. InMarket’s data also showed customers were spending about 17 percent more on gift cards in 2020.

Cards 160

Cards Retail Study Survey 160

PYMNTS

APRIL 24, 2017

The long-suffering team at American Express has a new headache to handle — losing the love of those millennial customers. and yes, this looks like card data breach. American Express cards, from time immemorial, has signaled affluence among holders — particularly the Platinum Card. Ready to jump in? these days.

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Millennials Cards New York Branding 109

PYMNTS

NOVEMBER 19, 2019

Among the biggest debates is how to construct and operate the best card program possible – a decision that served as the foundation for a new PYMNTS interview with Jim Geeslin, head of strategy for Elan Financial Services , an agent credit card issuer. Do FIs want to navigate card programs through that?”. Near-Term Challenges.

Cards 140

Cards Apple Data Innovation 140

PYMNTS

JULY 3, 2019

million from investors including Partech, Axeleo Capital, Lafayette Plug and Play and others to further develop its loyalty program integrated into credit or debit cards. It is now being accelerated within Facebook’s Startup Garage at Station F, which focuses on personal data protection and privacy.

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Cards Fintech Retail User Experience 135

PYMNTS

DECEMBER 6, 2019

We have a deep dive into Colorado’s digital driver’s license effort and news on Alphabet’s new CEO, as well as data on millennial Black Friday spending. Millennials Were Black Friday’s Big Spenders in 2019. Millennials were the big Black Friday spenders , shelling out an average of $509.50 Top News . operations.

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Millennials Colorado Google Leadership 101

PYMNTS

JULY 15, 2020

CEO of Afterpay , recently told Karen Webster that consumers — particularly millennials and Generation Z — were already showing distinct preferences for digital commerce and paying with debit cards rather than credit cards. Nick Molnar , co-founder and U.S. The Shifting Road To Recovery .

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US Retail Millennials Trends 206

PYMNTS

DECEMBER 11, 2020

In this week's news, we saw two blockbuster IPOs, arguments and stalemates over a new stimulus bill, and new data on consumers' digital shopping trends. Capital One Halts BNPL Transactions On Its Credit Cards. New Data: Tracking The Consumer, Merchant Digital Shift Down Under. The Weekender is here to catch you up.

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Trends Fraud Millennials Community Bank 175

PYMNTS

AUGUST 11, 2016

A proposition back in 2011 to close a loophole that enables drug cartels to move large sums of money across boarders using prepaid cards has been delayed but is not dead. The proposed rule called for money stored on prepaid cards to count toward the requirement on the part of the U.S. According to a report by Reuters , the U.S.

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Cards Millennials Industry Tools 100

PYMNTS

OCTOBER 21, 2020

21) that it is launching a new destination for electronics products to feature Certified Refurbished products, not from its sellers but from brands like De'Longhi, Dirt Devil, Hoover, Makita, Philips and Razer, which will sell exclusively on the eBay platform. The reCommerce trend continues to gain momentum. eBay announced on Wednesday (Oct.

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Branding Samsung Meeting Millennials 192

PYMNTS

AUGUST 26, 2019

Also, Kohl’s is teaming up with Facebook to capture the attention of millennials, and world bankers met to discuss whether a new cryptocurrency would be better than relying on the dollar as a global reserve company. Kohl’s to Tap Into Facebook Data to Create Millennial Clothing Line.

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US Millennials cryptocurrency Fraud 109

PYMNTS

APRIL 4, 2018

For the 47 percent of Americans with prime credit scores, getting and using a credit card isn’t much of a problem. The problem, Petal co-founder and CEO Jason Gross told Karen Webster, is that it leaves around half of all Americans with only a few options: a credit card with expensive strings or no credit at all. Who Petal Serves.

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Cards Regulation Groups Branding 133

PYMNTS

JANUARY 22, 2020

The webinar featured Karen Webster from PYMNTS and Amy Parsons, senior vice president of global acceptance at Discover Financial Services and its payments brand, Discover Global Network. That comes through in some of the data shared during this PYMNTS webinar. Trust Issues.

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Retail Millennials New York City social media 137

PYMNTS

DECEMBER 12, 2016

Gift cards may seem a logical answer. But not brand. What happens if you buy a card from a store that’s not exactly right for that person? Stuck is stuck, with a tight smile of thanks, and perhaps that card is left in a drawer. Stuck is stuck, with a tight smile of thanks, and perhaps that card is left in a drawer.

Cards 100

Cards Mobile Branding Retail 100

PYMNTS

DECEMBER 4, 2018

For many consumers, perks are a key driver of their credit card choice, whether it’s airline miles, cash-back or points that can be redeemed for a variety of items. These perks have been an advantage for credit cards, but could that erode as, say, Alipay offers integrated loyalty programs? The Millennials Cometh.

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Payments Millennials Cards Course 191

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.

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Millennials Retail Online Report 246

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. Bridge millennials own slightly more devices than the average consumer in our study: six devices compared to the roughly five that most consumers own. This group of 60 million U.S.

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Millennials Study Course Trends 222

PYMNTS

OCTOBER 28, 2019

With Edge, retailers can now offer Bread’s existing high-AOV installment solution plus SplitPay, which is Bread’s new low-AOV credit and debit card-based solution that enables consumers to split less expensive purchases into four equal interest-free payments, all on one platform. Millennial Payment Habits. One reason for that?

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Millennials Branding Payments Retail 108

PYMNTS

MARCH 4, 2020

To truly stand out from the crowd, brands must go beyond the transaction and create enhanced experiences and engagement opportunities across the entire customer journey,” the report states. “On Consumers are wary of excessive data collection and prefer that brands use information specific to the program.

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Retail Branding Report Tools 131

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. In Millennial parlance, that’s “harsh.”.

Millennials 40

Millennials Fraud social media Survey 40

PYMNTS

MARCH 8, 2018

Beyond being an expression of commitment between the two parties — consumer and merchant or business to business, for example — ZipLine ’s Kristen Bailey, chief marketing officer , said brands and loyalty help shape one another. They literally describe themselves as a brand, and it’s a great illustration of a sense of commitment.”.

Payments 102

Payments Branding Data Big Data 102

PYMNTS

JANUARY 9, 2020

Issuers sent cards to consumers and providers sent point-of-sale (POS) devices and terminals to merchants. Attendees will learn that younger generations – Generation Zers and millennials among them, who wield significant (and growing) spending power – care more about payment flexibility (and options) than merchants might realize.

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Payments Case Study User Experience Millennials 151

PYMNTS

OCTOBER 23, 2017

Although some customers ( millennials : cough, cough) may value convenience above all else, that youthful sense of fiscal invincibility does not extend to their elders, who place a higher premium on transaction security. Millennials may be less concerned with risk. Confidence is based on how consumers’ data is protected.

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UX Security User Experience Millennials 116

PYMNTS

SEPTEMBER 30, 2019

Online clothing reseller Poshmark recently announcing that it will postpone its initial public offering (IPO) following a data breach that compromised an unknown number of consumers. According to the 2018 Global Brand Counterfeiting Report , luxury fashion brands are a favored target. Globally, the industry loses $30.3

Online 101

Online Fraud Branding social media 101

PYMNTS

MAY 20, 2019

“Sometimes customers don’t have cash, or don’t have the right amount, and cards are fast and convenient.”. The convenience factor, he said, looms large in data tied to a Visa survey that found in the U.S., Millennials prefer to use cards for smaller transactions, namely those under $5.

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San Francisco Retail Philadelphia Cards 170

PYMNTS

NOVEMBER 13, 2019

As Vladic told PYMNTS, the days of consumers visiting websites, calling 800 numbers and waiting on hold for seven minutes, entering an alt ID phone number so they can be rewarded for spending with a plastic card are over. He noted that card-linked and merchant-funded offers had been a staple of retail for more than a decade.

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Millennials social media Retail Cards 118

CB Insights

AUGUST 2, 2018

One of the biggest trends in fintech today is the rise of digital banking products like mobile checking accounts and new debit cards. From Square to Paypal, a host of fintechs are creating products that let consumers spend money directly out of digital accounts using a physical card. turning Digital p2p payments into debit cards.

Cards 71

Cards Fintech UX Strategy 71

PYMNTS

MAY 11, 2017

When it comes to buying subscriptions, there is something of a generation gap emerging — at least when it comes to products, according to the latest data out from Vantiv. When it comes to product subscriptions, on the other hand, the data gets very lopsided. So what gives? That also allows for a chance to budget more efficiently.”.

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Millennials Data Examples Video 118

PYMNTS

FEBRUARY 18, 2019

I hosted a digital discussion last week with an executive from Sift with more than 15 years of experience building trust and safety organizations for some of the biggest digital brands in the world – including Google , Facebook and Square. own voice-activated speakers, as do more than a third of the 30- to 40-year-old bridge millennials.

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Cards Course Study New York 169

PYMNTS

AUGUST 4, 2016

The Department of Transportation will use the back-end support of Cubic Transportation and, in collaboration with Passport, will change the EASY Card revenue management system to allow travelers to buy fares using contactless, check balances on the cards, view account history and manage accounts through a new app.

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Samsung Google Mobile Millennials 100

PYMNTS

MAY 25, 2018

Following the quarterly check-in with parent firm L Brands , which also owns Bath & Body Works and the youth-oriented PINK lingerie brand, the reviews have not been kind. L Brands slashed its earnings estimates by 8 percent. For fiscal 2018, L Brands now expects earnings per share to fall within a range of $2.70

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Branding Retail Cards Online 108

PYMNTS

JUNE 22, 2017

Nearly a third of consumers today make purchases from brands that reflect their social and environmental values, according to a recent survey. With every purchase you make through your Aspiration debit card, your score changes,” Cherny said. The Right Tool for Millennial Shoppers?

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Millennials Digital Banking Survey Tools 117

PYMNTS

FEBRUARY 11, 2020

If there was any stigma left about used clothing it may have been erased last week as Nordstrom put its high-end brand on what it calls “re-commerce.”. It is playing the sustainability card this year, with Fashion Footprint Calculator. More data on the market comes from sneaker and streetwear reseller StockX.

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New York City Marketing New York Los Angeles 124

PYMNTS

OCTOBER 15, 2018

Both solutions provide increased fraud protection to online transactions made via debit or credit cards. uses authentication data, artificial intelligence and machine learning to review, approve or flag transactions as suspicious in real time. With the right partners in place, the risk-based nature and data analytics of 3DS 2.0

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Fraud Security Mobile User Experience 165

PYMNTS

MAY 28, 2019

The company integrated GO-PAY into the GO-JEK app, which lets customers store money on their mobile phones, much like a digital debit card. billion – of funds were lost to card fraud in 2018, up from $1.4 The most frequent complaints included personal data breaches, extortion and non-payment/non-delivery scams. billion in 2017.

Apple 159

Apple Mobile Fraud Branding 159

PYMNTS

NOVEMBER 8, 2017

Millennials are taking a mobile-first approach to banking, driving that transformation. However, older populations — and even millennials — still need the services provided by bank branches. One such advance has been the ability to transact without swiping a card. Demographics are changing in the U.S.,

ATM 126

ATM Strategy Mobile Millennials 126

PYMNTS

OCTOBER 15, 2018

These delivery people would come in with a debit card to pick up an order — and, at first, my hostesses and wait staff were asking ‘what is Postmates?’” It’s been an educational experience so far, Collins noted, both in terms of the data coming in and what Kitchen has learned from other brands it has met, even from its pre-opening days.

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Millennials Branding Online Retail 145