The Financial Brand

MAY 8, 2024

This article Gen Z Credit Card Use is Outpacing Millennials’, Amid Financial Stress and Ballooning Debt appeared first on The Financial Brand. A new study shows Gen Z ramping up spending and debt, even while their understanding of credit is weak.

Millennials 33

Millennials Cards Study Branding 33

PYMNTS

APRIL 25, 2019

However, according to the Remote Payments Study conducted by PYMNTS in September 2018, behavior habits are shared by consumers based on income, age and gender. Digging deeper into which payment methods are facilitating these mobile transactions, debit cards (37.1 percent) and credit cards (28.7 mCommerce isn’t one-dimensional.

Study 165

Study Mobile Payments Cards 165

PYMNTS

JULY 28, 2020

Consumers are also changing how they pay for their purchases, with a recent study finding that debit card spend was up 11.7 Consumers today are especially likely to use their debit cards for their eCommerce purchases or to make in-store purchases with mobile wallets, and card-not-present (CNP) transactions represented 43.1

Cards 212

Cards Rhode Island Payments Online 212

Perficient

JANUARY 22, 2021

I will tell you my preferred brands, and you and your partner will get the same revenue and purchase history. For example, if I trade my credit card points for cash, the organization knows that I might have some immediate needs that money can help solve. Case Study. This idea extends to every piece of customer loyalty.

Analytics 309

Analytics Industry Chicago Payments 309

PYMNTS

FEBRUARY 25, 2020

Banks and legacy financial institutions (FIs) might be wise to study what disruptive technologies recently did to the print publishing industry, taxi cabs, network TV, and a host of other businesses that were disintermediated with little to no warning in recent years. Mobile Cards: Make or Break? Follow the Smart(phone) Crowd.

Mobile 153

Mobile Cards social media Survey 153

PYMNTS

OCTOBER 21, 2020

Spend controls were the focus of innovation in the commercial card space this week thanks to feature and program launches. This week’s commercial card innovation tracker includes a rollout of the next generation of authorization controls from Comdata Inc., Coupa Connects With American Express For B2B Virtual Card Payments.

Cards 130

Cards Innovation Management Fraud 130

MyBankTracker

OCTOBER 27, 2020

When picking a credit card, it’s tough to resist the allure of big rewards. In a year-long MyBankTracker survey, nearly 3 out of 4 respondents (72.6%) preferred to receive cash back rewards on their credit card purchases. of respondents had specific spending categories in mind for their next credit card while 47.3%

Study 52

Study Cards Survey United States 52

PYMNTS

OCTOBER 16, 2020

Study Shows Americans Struggling As Savings Dry Up. The digital-first shift means there are more options for smaller, direct-to-consumer brands, to find first-time customers from around the country or even the world. Here’s how some really creative D2C brands are using new tech to do that. billion in Prime Day sales.

Google 146

Google Study North Carolina Nebraska 146

PYMNTS

AUGUST 9, 2018

That’s according to a new study of 10,000 consumers on their use of mobile apps and paying at the pump. That study, the Paying At the Pump Report , paints a clear picture of what consumers really care about when it comes to mobile apps and buying gas, and what rarely crosses their minds at all. What Customers Want Today.

Branding 100

Branding Mobile Data Study 100

PYMNTS

NOVEMBER 12, 2018

In addition, Razer ’s mobile wallet dubbed Razer Pay may come to tens of thousands of point-of-sale (POS) terminals in Singapore , and a Worldpay study has found that consumers in Singapore still prefer to make payments with credit cards over eWallets. At the same time, only 13 percent of adult smartphone users in the U.S.

Branding 128

Branding Study Cards Mobile 128

PYMNTS

JANUARY 23, 2019

This marks a change for Target — a retailer that had, up to this point, enabled mobile pay only for its own mobile wallet app and the Target-branded REDcard linked to it. For the How We Will Pay 2018 Edition , PYMNTS and Visa conducted its annual study of U.S. In the study, two things became obvious.

Cards 171

Cards Mobile Study Retail 171

PYMNTS

JANUARY 15, 2018

Visa announced late last week that merchants can now tap into its suite of sensory branding via a pilot program. point-of-sale terminal manufacturers – such as Equinox Payments, Ingenico Group, Poynt and Verifone – to pilot sensory branding with merchant partners in the coming year.

Cards 138

Cards Branding America Study 138

PYMNTS

SEPTEMBER 29, 2020

The release said doing so is a way to both clear up confusion for customers and also to allow brands a way to establish more presence. A study commissioned by Ethoca showed that 96 percent of U.S. We continue to collaborate with industry partners to bring clarity and simplicity before, during, and after transactions.

Online 243

Online Guidelines Study Fraud 243

PYMNTS

DECEMBER 15, 2020

Price and convenience remain top factors that can prompt consumers to try brands, but features like payment flexibility — allowing consumers to pay using their preferred methods — and speed are also becoming must-haves. These trends are in turn ratcheting up the number of customers who are moving to new brands.

Payments 236

Payments social media Branding Study 236

PYMNTS

DECEMBER 3, 2019

Though commercial card innovation has recently hit an acceleration point, there is still plenty of room for progress. Power took one key friction point of the small business (SMB) credit card market to task. “Basics like credit card terms, and benefits and services, are the lowest-scoring factors in our study.

Cards 101

Cards Innovation Tools Study 101

Perficient

FEBRUARY 17, 2023

In the first two blogs in this series, Getting Started On Embedded Finance and Embedded Finance: Bolstering Brand Experiences, we defined embedded finance and looked at the goals and strategies that firms should take at the outset of their modern embedded finance journey, as well as how and why firms should consider getting embedded banking.

San Francisco 275

San Francisco Cards Online Payments 275

PYMNTS

JULY 20, 2017

Digital Shadows , the industry leader in digital risk management, revealed its findings on the changing habits and tactics of organized credit card fraud gangs, discovering a new trend in the form of remote learning “schools.”. In just two of the most popular ‘carding’ forums, 1.2

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Study Online Course Cards 124

PYMNTS

JULY 13, 2016

Gen-Z shoppers, defined as those between the age of 14 and 19, are about to become the most coveted demographic in all of retail, according to a study entitled “The Next Generation of Retail” by retail marketing firm Interactions. 64 percent of Gen Zers like to pay with cash, as opposed to credit or debit cards or mobile payment apps.

Study 100

Study Millennials Retail social media 100

Perficient

OCTOBER 26, 2022

For example, a customer struggling to pay off a credit card bill because of inflated prices may benefit from transferring their balance to a new credit card that is zero interest for the first twelve months. Access to data gives companies the understanding they need to match such a product to an appropriate consumer.

Data 275

Data Tools Training Cards 275

PYMNTS

OCTOBER 18, 2019

Today in the payment’s news roundup, PayPal is teaming with Synchrony Financial to put forward a Venmo co-branded credit card next year. PayPal Launches Venmo Credit Card. Venmo started with P2P payments and rolled out a debit card last year. Mastercard Partners With Four Retailers for Pay by Bank App.

Cards 101

Cards Payments Branding Tools 101

PYMNTS

OCTOBER 16, 2020

What was once a small but meaningful constituency — online shoppers — suddenly seem to be holding all the cards. How consumer packaged goods (CPG) brands and subscription-based businesses respond to this important trend will be make-or-break for many. There are over 1 million brands currently on the platform.

Branding 211

Branding Study Online Retail 211

PYMNTS

OCTOBER 14, 2020

When the chips are down, consumers love and trust their debit cards. Debit cards remain the payment method of choice among U.S. With the idea of “resilience” dominating much post-pandemic analysis, the workhorse debit card has proven to be exactly that — resilient — in the face of economic chaos. The Resilience Factor.

Cards 182

Cards Fraud Study Online 182

PYMNTS

SEPTEMBER 8, 2016

New data suggests that they are buying more gift cards than ever before but then turning around and spending those cards on themselves. adults in June of this year to examine the shift in gift card consumers to prepaid and rechargeable cards issued directly from retailers. Mercator Advisory Group surveyed 3,009 U.S.

Millennials 100

Millennials Cards Retail Survey 100

PYMNTS

DECEMBER 10, 2019

The battle lines were drawn when JPMorgan Chase launched the Chase Sapphire Reserve card, Amex CEO Steve Squeri said at a Manhattan Goldman Sachs conference. That move triggered the industry — including Amex — to start spending on points and perks to attract premium card customers. According to the J.D.

Conference 136

Conference Cards Branding Study 136

PYMNTS

OCTOBER 29, 2020

Pleo is offering new services bundled under the brand Pleo Pocket that will make it easier for businesses to centralize financial information, according to a blog post. Pleo's main business is providing smart credit cards that make it easier for employees to document expenses and for employers to pay only for purchases they deem appropriate.

Tools 175

Tools Management United States Cards 175

PYMNTS

OCTOBER 5, 2020

The retailer said the move will allow customers to complete in-person transactions using PayPal or Venmo account balances or linked bank accounts or payment cards without the need to touch a keypad or present a payment card. But just like shoppers, many store employees also worry about the risks of handling cash and credit cards.

Payments 360

Payments Cards Retail Branding 360

PYMNTS

OCTOBER 18, 2016

, “the times they are a-changin” — a sentiment that extends handily to gift cards. No longer confined to being silly (or maybe saccharine) cards tucked into envelopes, gifting can be a quick and painless digital pursuit. Unless retailers make it hard. The First Number — 10. And far from a perfect 10. Then, There’s 82.

Retail 100

Retail Cards Study Customer Experience 100

PYMNTS

DECEMBER 11, 2020

Insofar as consumers are still shopping in stores, the latest study demonstrated increased levels of interest in using touchless payment options at brick-and-mortar shops. That includes things like contactless credit and debit cards, digital wallets, cards on file or other digital methods. According to the study, 35.3

Study 240

Study Online Cards National 240

Perficient

JANUARY 16, 2023

I remember when my mother stopped shopping at one department store because they wouldn’t give her a charge card in her own name, but another store would on their private-label charge card. Buy/build and gap analysis studies are integral in helping determine where embedded finance may reap the most benefits. .

blockchain 275

blockchain Software Customer Experience Strategy 275

PYMNTS

OCTOBER 2, 2020

Plus, Boost Payment Solutions is collaborating with Visa to provide further automation and flexibility to commercial card issuers, cardholders and suppliers. I have a history of working with big, splashy brands. Boost Partners With Visa To Enhance Commercial Card Use. Banking Startup Dave Taps Ex-Airbnb Marketing Exec.

Marketing 130

Marketing cryptocurrency Cards Branding 130

PYMNTS

DECEMBER 15, 2020

Debatably the most impactful payments innovation of recent years — and that’s saying something — BNPL is having a massive impact on retail, as evidenced by the proliferation of brands and the steady flow of venture capital to players that are defining the space. Like their love of BNPL. percent of millennials have them, as do 88.8

Millennials 256

Millennials Report United States Study 256

PYMNTS

FEBRUARY 15, 2018

For community banks serving small- to mid-sized businesses (SMBs), training an eye on credit cards can translate into additional revenue streams and tap into an unmet need for those SMBs. Only 3 percent of them, however, have their credit cards with those community banks. Think small, goes the saying, to effect big change.

Community Bank 118

Community Bank Community Cards United States 118

Perficient

SEPTEMBER 15, 2020

You can get started by mapping the customer journey, uncovering pain points and opportunities across their interactions with your brand. Then widen your inquiry to learn from your customers as they interact with brands well outside your industry. How do they address problems like the ones you’re attempting to solve? 1 Gownder, J.,

User Experience 427

User Experience Innovation Branding Customer Experience 427

PYMNTS

APRIL 23, 2019

T-Mobile MONEY isn’t the first non-bank to offer branded banking services, or to tap into the consumer desire to seek an alternative to the more traditional bank. percent of all consumers indicated interest in receiving some banking services with these new, alternative brands. That hasn’t stopped brands from trying, though.

Millennials 145

Millennials Mobile Study Branding 145

PYMNTS

NOVEMBER 17, 2020

Under COVID, one study finds that 22 percent of Americans had been targeted by pandemic-related fraud attempts as of April. PYMNTS’ latest Digital Fraud Tracker® , done in collaboration with Simility , is a study in the forces impacting fraud and security in a year when cyberthieves have been having a field day. They Can Get to Anyone.

Fraud 182

Fraud Study Analytics Tools 182

PYMNTS

SEPTEMBER 23, 2020

Dunkin’ Brands is piloting the Mastercard system at a California store that was not named in the report and will take on the name of Dunkin’ Dash. To get a quick-response (QR) code that allows them to go into the store, diners will have to sign up their credit card at an outdoor kiosk.

Delaware 150

Delaware System Mobile California 150

PYMNTS

DECEMBER 6, 2019

However, they are also hesitant to pay for those new experiences with credit cards or other traditional financing options. Other retail brands, such as technology company Apple , are also exploring the potential benefits of BNPL. To learn more, visit the Tracker’s News & Trends section.

Millennials 219

Millennials Payments Retail Apple 219