Capital One Joins Effort to Educate Seniors About Online Banking
Bank Innovation
AUGUST 5, 2016
Banks only care about millennials, right? Not really, though marketing about digital efforts may make it appear that way.
Capital Marketing Millennials Online 
Digital Payments, Online Ordering And Memberships Top This Week’s News
PYMNTS
NOVEMBER 6, 2020
We have deep dives on digital payments, online ordering and memberships. 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 .
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‘Costco For Millennials’ Attracts Big Investors
PYMNTS
JANUARY 19, 2018
A popular eCommerce retailer, which has been called the “Costco for millennials,” is attracting potential investors, according to The New York Post. The four-year-old online startup has also reportedly advanced negotiations with supermarket retailer Kroger, which is struggling to compete with Amazon now that it owns Whole Foods Market.
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Ex-Uber Exec To File $250M SPAC IPO Backed By Former Google CEO
PYMNTS
OCTOBER 4, 2020
2) for DPCM Capital Inc. , Hims , a direct-to-consumer company selling health products targeted at millennials, is using a SPAC to go public , for example. Harris said SPACs have gone from 3 percent to 20 percent of the market during the recent rush in cases. Emil Michael filed an S-1 prospectus on Friday (Oct.
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Lendified And The SMB/Millennial Connection
PYMNTS
AUGUST 23, 2016
Lendified , which offers loans to small Canadian businesses online, said earlier this month that it has secured a $20 million credit facility through Liquid Capital. So it is with the extension of credit to smaller firms who need the funds to gain top-line traction.
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DoorDash, Airbnb IPOs; BNPL Trends; Pet Fraud Top This Week's News
PYMNTS
DECEMBER 11, 2020
Capital One Halts BNPL Transactions On Its Credit Cards. Capital One Financial Corp is putting a stop to buy now, pay later (BNPL) transactions on its credit cards, calling the dealings “ risky ,” for both consumers and banks. Report: Millennials, Buy Now Pay Later And The Shifting Dynamics Of Online Credit.
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Hotels, And India’s Middle Class, Show Path For Online Travel
PYMNTS
JUNE 25, 2019
When it comes to retail, general commerce and online payments, the increasingly powerful middle class in India will probably get major credit in future textbooks for shaping the global digital economy. billion worth of capital coming from the likes of SoftBank, Sequoia Capital, Lightspeed Venture Partners and Airbnb Inc.
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8 Connected-Economy Firms Expected To Light Up The IPO Market In 2021
PYMNTS
DECEMBER 30, 2020
Many enjoyed huge first-day price pops, heating up the IPO market even more — and 2021 seems poised to only continue the fireworks. Popular stock-trading app Robinhood Markets reportedly recently hired Goldman Sachs to lead a possible 2021 IPO that would value the company at more than $20 billion. Robinhood ($20 Billion+) .
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Why Small Business Owners Should Always Have An Exit Strategy
PYMNTS
APRIL 8, 2019
The latest estimates from the Small Business Administration (SBA) peg the number of new SMBs at 414,000 each year, spurring job creation and economic growth for the country, with millennial entrepreneurs at the helm. An Emerging Market. ” Potential buyers may ask for a lot of information.
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Data Shows 42 Pct Of Small Cap US Businesses Failing To Turn Profit
PYMNTS
JUNE 23, 2020
That group has seen a 129 percent gain and its market capitalization has hit over $14 billion, the Financial Times wrote, over $5 billion ahead of the runner up. The sole sector doing well thus far in 2020 is healthcare, which has seen strong shares from telemedicine company Teladoc.
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Afterpay US CEO: Buy Now, Pay Later Is In Right Place, Right Time
PYMNTS
DECEMBER 14, 2020
There aren’t many online payment providers that have successfully gone offline. customers, he said Afterpay has become as much of a marketing channel for its retail partners as it is a financing tool. We'll obviously continue to engage with Capital One around their decision, but we see no major impact on our business.”.
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L’Oréal, Instagram Lead Late-Year Social Commerce Push
PYMNTS
DECEMBER 10, 2020
It’s also a play to capture TikTok’s Gen Z and millennial audience. This multifunctional platform includes curation tools, allowing social sellers to build inspirational, personal web pages connected to the brand’s website, and a marketing platform where sellers can create optimized, brand-safe social posts that lead to transactions.
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Banking for the Digital Generation: Attracting & Retaining Millennials
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.
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The Great Online Innovation Pile On Of 2017
PYMNTS
AUGUST 14, 2017
There seems to be an awful lot of piling on these days on the big online platforms. Take a look at this chart, which lays out grocery chain market share. Walmart has the largest market share at 14.2 In 2015, the tech media was gaga over Snap and its ability to corral the so-called most valuable eyeballs in media: the millennial.
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How Can Banks Thrive in the Next Five Years?
Jeff For Banks
JULY 5, 2022
The money market mutual fund became a formidable competitor to the bank account. And products started migrating online. In Pennsylvania, Rocket has number 1 market share. They are/were the business owners, demanders of capital and loans, and significant depositors. Then came this bubble generation they named millennials.
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Investors Say FinTech Valuations Are High, But Not Overheated
PYMNTS
OCTOBER 22, 2020
The panel included: Doug Bergeron , managing partner at Hudson Executive Capital ; Ian Drysdale , executive in residence at Great Hill Partners ; Amit Jhawar , venture partner at Accel and Rick Roberts , analyst and portfolio manager at Vulcan Capital. The panelists agreed that there is no lack of liquidity in the market.
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Mastercard Card Clearing In China, Unattended Retail, Rapid Settlements Top This Week’s News
PYMNTS
FEBRUARY 14, 2020
Mastercard Gets Nod To Join China’s $27T Payments Market. 11 to set up a bank card clearing business, providing it with access to a $27 trillion payments market. The wholesale bank will be divided into a separate investment bank that has a capital markets focus and a commercial bank providing back-end services for companies.
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141 Step Aside, Millennials — Why Fintechs Are Targeting Baby Boomers & Retirees
CB Insights
JULY 25, 2019
Fintech is often associated with digital tools targeted at tech-savvy millennials. But there is a growing market of fintech companies serving the unique financial needs of Baby Boomers and older retirees — and for good reason. Baby Boomers (those born between 1946 and 1964) represent a massive market opportunity.
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China’s SMB Push Continues Amid Alibaba’s Taobao Festival
PYMNTS
SEPTEMBER 17, 2018
13 through 16, is further evidence of the eCommerce giant’s “new retail” strategies, where offline and online conduits converge, as noted by sites such as marketing-interactive.com. Data from CBN also found that millennials launched as many as 700,000 shops on the Taobao platform last year.
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French FinTech Lemon Way Gets $28M For API Expansion
PYMNTS
OCTOBER 17, 2019
million (€10 million) led by Breega capital, with participation from Speedinvest. “We Lemon Way’s target market is booming: B2C, B2B and financial online marketplaces are emerging all over Europe and are expected to continue their strong growth trajectory,” added George Koulouris, partner at Toscafund. and Germany.
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Today In Data: Nonprofit Donations, Cross-Border Payments Acquisitions And Mobile Delivery
PYMNTS
DECEMBER 8, 2017
Within that $390 billion, online giving was up 10 percent last year, and mobile accounted for about 15 percent of those online transactions — percentage that is likely to grow as millennials become a stronger economic force. 145 billion | Worth of the B2B cross-border payments market. taking the lead.
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109 Second Biannual ‘Afterpay Day’ To Feature More Than 6K US Brands
PYMNTS
AUGUST 8, 2019
market just over a year ago and is now signed with over 6,500 U.S. Afterpay is a marketing channel to the world’s most valuable customers, the millennial and Gen-Z cohort.”. million (A$317 million) in new capital via a share placement last month, which involved Hancock and both co-founders selling a total of 4.5
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Stock-Trading Platform Robinhood Eyes Banking Services
PYMNTS
JUNE 21, 2018
Sources say Robinhood Markets is in talks with regulators about offering banking services to its more than 4 million users. The app was specifically targeted at millennials — roughly 80 percent of the Robinhood app’s beta testers were under 30 years old, with an average age of 26. In May, the company received a valuation of $5.6
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How Toys R Us Kids Became Amazon Adults (And What’s Next)
PYMNTS
MAY 19, 2018
Though, as countless have pointed out over the last five years or so, millennials did make a valiant effort holding off that process by having their mothers do their laundry for as long as possible. These days, though, we call them Bridge Millennials. ” The Changing Buying Habits Of Millennial Parents.
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Best New Financial Apps 2016, The List
Bank Innovation
MAY 1, 2016
Robinhood: On Target Launched in December 2014, Robinhood is a zero-fee stock trading app that quickly gained popularity among financially ambitious millennials. Robinhood was paid the enormous compliment of having “cracked the millennial code” by none other than Jay Sidhu, CEO of Customers Bank and founder of BankMobile.
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Today In Payments: Analysts Say Wells Fargo Road To Recovery Will Be Tough; N26 Notches $100M Amid Pandemic Uncertainty
PYMNTS
MAY 5, 2020
Robinhood Markets, coming off a new $280 million funding round backed by Sequoia Capital, has seen its value and services expand during the pandemic, according to a Reuters report. Hertz Feels The Hurt From Ride-Hailing And Online Platforms. Robinhood Nets $280 Million On A $8.3B Car rental giant Hertz Global Holdings Inc.
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Target’s Rapid Reset
PYMNTS
SEPTEMBER 19, 2018
Target’s demographic is migrating online — and toward Amazon. They are increasingly seeing the upper-end of their prime demographic, a group PYMNTS titled bridge millennials. Shipt is currently available in 35 states, but Target says it expects to expand to all major markets by the end of 2018, reaching about 75 percent of the U.S.
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The JOBS Act Eyes A New Generation Of SMB Investors
PYMNTS
FEBRUARY 4, 2020
Among the most disruptive changes introduced in 2016 by the Jumpstart Our Business Startups (JOBS) Act is the opportunity for small, private businesses to raise capital via crowdfunding, adding yet another avenue to capital to the long list of traditional and alternative finance options available to small to medium-sized businesses (SMBs) today.
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Longevity Lessons From The Oldest US Credit Union
PYMNTS
NOVEMBER 16, 2017
Membership could be obtained by spending five dollars on a share of capital stock. 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.
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The open banking opportunity
Accenture
OCTOBER 3, 2017
The drive towards open banking gives them a direct line into a potentially lucrative market. And, crucially, it’s a market where they’re well placed to deliver the flexible, personalized experiences consumers demand. Trust in online platforms and social-media companies as providers of payments services is low. Read the report.
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Estee Lauder Agrees To Buy Asian Beauty Brand
PYMNTS
NOVEMBER 19, 2019
The cosmetics company was reportedly among the final bidders for Drunk Elephant, a millennial and Gen Z skincare brand, but lost out to Shiseido Co. In separate cosmetics news, Kylie Jenner’s Kylie Cosmetics is on pace for roughly $200 million in sales this year as part of a wave of lines capitalizing celebrity founders and social media.
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SugarMoo And Delivering Dessert On Demand In Dubai
PYMNTS
MARCH 11, 2019
Realizing the market has not yet come up with a good method to fix the problem, they decide to build their own solution and solve the problem for everyone. But bigger than the cupcake-replacement innovation, perhaps, was the realization five years ago that the dessert on demand market in Dubai was basically non-existent — but not unwanted.
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Does Destination Maternity Chain Bankruptcy Signal Larger Trends?
PYMNTS
OCTOBER 21, 2019
According to CNBC , the retailer is “buckling under the weight of an onerous debt load and struggling to compete with better capitalized competition.” The move comes amid growth in the larger maternity market, however, with sales of that apparel expected to reach $7.7 The company owns 458 stores in the U.S., Larger Trends.
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101 American Eagle Leads $3.45M Investment In Dormify
PYMNTS
NOVEMBER 9, 2018
Dormify will use the investment to scale talent, expand pop-up locations and enhance the online experience. ” Dormify will launch an even more personalized online shopping experience that allows their millennial and Gen Z customers to easily visualize and decorate their future spaces. .
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135 Twitch Buys Bebo In eSports Push
PYMNTS
JUNE 18, 2019
It was said to have become “the market leader” in some countries such as Ireland and the U.K. The company was sold to Criterion Capital less than two years after, and the Birches purchased it for $1 million in 2013. Bebo began in 2005 as a social networking platform by Michael and Xochi Birch.
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Challenges for the neo-challengers: Four hurdles to overcome
Accenture
SEPTEMBER 22, 2019
An obvious reason is the inroads they’re making into the market, both domestically and globally: recent Accenture research finds that digital-only banks operating in the UK could amass a total of 35 million customers globally within the next 12 months, up from 13 million today. Why the intense interest in the neo-challengers? Profitability.
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How Digital Platforms Tackle Luxury Travel Reservations, Payments
PYMNTS
SEPTEMBER 30, 2019
The luxury travel market is booming: The PYMNTS Luxury Travel Study found that luxury travelers from the United States spent $1.1 trillion market. percent of the broader luxury vacation travel market. Millennials make up about a third of the U.S. And this segment is willing to spend big on their excursions.
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SoFi Officially Files For A Bank Charter Of Its Own
PYMNTS
JUNE 13, 2017
And though its mailing address will be in Salt Lake city, SoFi will continue to operate as it has since its inception — as an online-only institution, with no branches or deposit-taking ATMs. SoFi specializes in marketing financial and loan products for millennial consumers who tend to prefer the firm’s online-only approach to finserve.
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100 Why Digital Marketplaces Must Anticipate Shoppers’ Needs
PYMNTS
MAY 28, 2019
With abundant choices in many aspects of their lives, consumers expect a range of options when it comes to online shopping, ranging from picking out clothes to making travel plans. The company previously raised $111 million in venture funding from Accel, Bessemer Venture Partners, Square Peg Capital, Qumra Capital and others.
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159 AltFin’s Bumpy Ride Into An Uncertain 2019
PYMNTS
DECEMBER 28, 2018
There were plenty of tailwinds that pushed the segment forward: A strong economy, healthy consumer interest in credit and advances in credit scoring technology were all instrumental in pushing more consumers into the market, particularly in the first half of the year. Resetting Mortgage Services. They are becoming homebuyers.”
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Private Labels Have Their Roots In Coffee And Hats
PYMNTS
JANUARY 17, 2018
The most popular time of the day when people drink coffee isn’t just a factoid: It’s a viable marketing strategy. With some heavy marketing, A&P was able to sell loads of baking soda at low prices — revealing that consumers were willing to purchase private label brands. Their answer was 8:00 A.M. and 8:00 P.M.,
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United Kitchen CEO On Restaurants’ eTail Future
PYMNTS
OCTOBER 15, 2018
Last month, the firm announced it had raised $10 million in a Series A funding round, led by Alphabet ’s venture capital arm GV. It’s been fascinating to see, even in our early efforts in Pasadena, that the difference between killing it and struggling can really come down to a brand’s online personality. The New Journey.
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145 Taking A Customized eApproach To Furniture
PYMNTS
MAY 16, 2019
While sofas may look the same from one online retailer to another, it’s what under the hood that matters, he said. And, with a DTC brand, the company can capitalize on the savings. And, while customizable furniture wasn’t quite the brand’s founding ambition, the brand reportedly discovered the need in the market soon after its launch.
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ICBA: Building Bridges For The Next Generation Of Community Banks
PYMNTS
JUNE 7, 2018
The bill increases the threshold from $50 billion in assets first to $100 billion, and then to $250 billion, before a bank is statutorily required to face higher regulatory scrutiny, stress tests and capital requirements. The goal now is outreach to that generation of banking customers. A personal experience.
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