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.

Payments 191

Payments Millennials Cards Course 191

PYMNTS

JANUARY 14, 2020

For its part, Venmo now has an option to transfer money to the bank without a debit card for the same fee. And there is a credit card angle, too, which will apply to dealing with Gen Z users of P2P going forward. Most of these P2P players still allow consumers to use credit cards to fund these transfers,” he said.

Innovation 160

Innovation Payments Millennials Cards 160

PYMNTS

JUNE 8, 2020

billion hit in April, with revolving debts like credit cards taking the hardest hit — falling by a steep 64.9 In some cases, credit-card holders increasingly complain about banks slashing their credit limits or canceling their cards involuntarily. According to the latest Federal Reserve data , U.S. consumer borrowing dropped 19.6

Cards 144

Cards Millennials New York Lending 144

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.

Millennials 222

Millennials Study Course Trends 222

PYMNTS

DECEMBER 22, 2020

In a year marked by unpredictable events, high unemployment, business closures and, of course, a global pandemic, the U.S. Fagan noted that payment networks such as Visa and Mastercard have been recording steep dips in credit card activity, where the shift has favored debit payments. A year like no other draws to a weary close.

Cards 308

Cards Maine Millennials Course 308

PYMNTS

JANUARY 3, 2020

According to a study by Aite Group , most student loan tuition payments are made via electronic check (ACH), followed by debit cards, which are favored by millennials and Gen Yers everywhere. In Q3 2019, credit card issuer JCB International Co., Sounds like they’re describing college students – and, of course, they are.

Payments 130

Payments Millennials Cards Study 130

PYMNTS

FEBRUARY 13, 2020

Among the key focal points for NCR looking ahead lies expanding card management and commerce capabilities. It’s really about extending out the capability of your card to the commerce ecosystem,” he said. Conventional wisdom may hold that millennials want a purely self-service experience when it comes to their financial lives.

Millennials 231

Millennials Digital Banking Mobile Course 231

PYMNTS

SEPTEMBER 3, 2020

with cash — and consumers are even starting to ditch plastic cards. Of course, large retailers, too, are continuing to invest in accelerating their investments in their digital experiences. For members of the millennial or Generation Z cohorts who are comfortable in the app world, payment preferences boil down to choice and control.

Payments 262

Payments Security Millennials Retail 262

PYMNTS

DECEMBER 20, 2019

The customer would then pay off the purchase over the course of a few weeks or months until the full purchase price had been paid. but after almost 50 years, it began to fade out in the 80s, disrupted by the emergence of store-branded credit cards. After its birth in the 1930s, layaway had a long run in the U.S.,

Millennials 137

Millennials Retail Tools Branding 137

CB Insights

JULY 25, 2019

Fintech is often associated with digital tools targeted at tech-savvy millennials. Download the free report to find out how fintech is shaping the future of wealth management and investing. Money management tools are helping people stay independent. Money management tools are helping people stay independent .

Millennials 73

Millennials Fintech Tools Fraud 73

PYMNTS

FEBRUARY 5, 2020

“What we are seeing is that they love to shop and they like buying new things, but they want to carefully plan out their spending,” Garg told PYMNTS in a recent conversation, adding that increasingly, younger consumers aren’t seeing credit cards as a good vehicle for accomplishing that. Fighting the Credit Card Fear .

Cards 143

Cards Millennials Regulation United States 143

PYMNTS

FEBRUARY 18, 2019

For those charged with managing the consumer’s trust and safety when transacting online, and in the midst of increasingly clever cybercrooks, being comfortable going against the status quo flow has become much more important than ever before, he said. I joked that I’d be a shoo-in for the job. Amazon Takes Its Bite Out of the Big Apple.

Cards 169

Cards Course Study New York 169

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.

Millennials 246

Millennials Retail Online Report 246

PYMNTS

JANUARY 8, 2019

As a pure-play digital bank, Chime offers as its primary product an entirely mobile/digital banking application that gives customers access to a network-branded debit card and a savings account. The reality is that typical debit card and checking accounts do nothing to build your credit score,” he noted. ”

Digital Banking 160

Digital Banking Tools Cards Millennials 160

PYMNTS

MAY 31, 2017

Debit cards, default cards, banks both bricks-and-mortar and digital. Bank, said that cash remains the most common method of transactions and “what’s amazing about that is that millennials are the most likely users of cash. Debit card usage is habit-driven, he said, and habit has grown roots over the last several years.

ATM 100

ATM Millennials Cards Management 100

BankBazaar

JULY 30, 2019

Additional Reading : Money Management Tips For A Night Out On The Town. By Choosing The Right Credit Card. Identify this, because once you do, you can actually get a Credit Card that gives you some amazing discounts on stuff you’re likely to spend money on. Of course, make sure you settle your Credit Card dues on time!

Cards 109

Cards Branding Millennials Management 109

PYMNTS

MARCH 6, 2019

There is no longer much tolerance, or enthusiasm, on the part of consumers for digging into one’s pocket to find money or a payment card, or doing the mental math (well, OK, a smartphone has a calculator) to figure out how much to tip a driver. Nowadays, one’s card is on file with the ride-hailing service.

Retail 148

Retail Payments Online Course 148

PYMNTS

DECEMBER 9, 2019

This is especially true when attitudes toward holiday payment standbys like credit cards rapidly change between generations. Kaplan expects consumers to leverage BNPL for holiday purchases, as it will allow them to free up their cash flows and better manage spending. Fashion to Figure has not completely let go of credit, of course.

Millennials 131

Millennials Branding Retail Payments 131

PYMNTS

JUNE 26, 2018

“This level of debt is more manageable than it was at the time of the financial crisis because of those income numbers. Mortgage balances currently are around 68 percent of disposable income, and credit card balances are less than 7 percent of income. ” Moreover, he notes, the shape of debt is changing. Things To Watch .

Millennials 116

Millennials Lending United States Comparison 116

PYMNTS

JUNE 26, 2020

said John Elliott , head of open banking at banking and wealth management group Investec. They were exploring] how to educate people better [about] managing and spending money and bring them back into the financial system as good payers.”. But the reality is that all of those prophets of doom haven’t come to pass.

System 198

System Data Security Examples 198

PYMNTS

NOVEMBER 8, 2016

In the latest installment of Data Drivers, PYMNTS’ Karen Webster and Sarah Clark, general manager at Mitek, sifted through what might be done to protect those hundreds of millions (and counting) of accounts, on a large scale and writ small. “As There is, of course, no global standard on identity verification.

Security 186

Security Mobile Course Data 186

PYMNTS

AUGUST 9, 2019

Automation efforts in retail, he said, can be split into two camps — one focused on the front end, or consumer experience, and the other on the back end, which ties into behind-the-scenes functions such as inventory management. He noted that millennials have “grown up with the online world on their smartphones.”

Retail 181

Retail Analytics Millennials Online 181

PYMNTS

AUGUST 21, 2018

The pumps are often grimy, card readers might not work, the air might be frigid or hot, and there may be an odor associated with rubber, petroleum or refuse. Buying fuel is not a desirable purchase,” said Rod Tos, manager of customer payments and card services for energy provider Chevron. Consumers don’t expect fun, of course.

Payments 116

Payments Millennials Study Mobile 116

BankBazaar

JUNE 3, 2020

Considered to be a more nimble version of old-fashioned banking, neo-banks appeal to a more digital-savvy generation like millennials. Additional Reading: Crash Course | Mobile Banking. Niyo offers a ‘Niyo Global Card’ that the company claims to offer the best forex rates. Explore BankBazaar.

Regulation 127

Regulation Cards Millennials Maine 127

PYMNTS

JUNE 8, 2016

As Peter Read , President of Peoples Card Services , recently pointed out to PYMNTS, needs are never static, and neither should the payments innovation aimed at addressing them. This is due, in large part, to our pioneering partnerships with FinTech companies and card program managers. PR: First, we look in our own backyard.

Innovation 100

Innovation Millennials Cards Fintech 100

PYMNTS

AUGUST 14, 2019

This newest P2P offering follows last year’s move by Venmo to add an option to make an instant transfer through a debit card, which would get the money to a bank account in minutes for a 1 percent fee, with a minimum of 25 cents and a maximum of $10. Venmo, of course, is not the only major P2P player in the game. Zelle Trends.

Payments 124

Payments Trends Cards Comparison 124

PYMNTS

AUGUST 24, 2018

Recent days have brought the debut of the “first mobile-enable lottery card” in the state, according to the companies behind the card, Linq3 and Blackhawk Network. The product combines the gift card with the lotto entry, and here’s how it works, according to statement announcing the launch. Lotto and Payment Cards.

Ohio 103

Ohio Mobile Cards South Carolina 103

PYMNTS

SEPTEMBER 15, 2017

Of course, banks have to be run with safety and soundness to protect those deposits, but they also have myriad public mandates, like fair lending, anti-money laundering and customer privacy. Millennials , she noted, tend to enter the credit system with a bang once they start having families. It has a higher interest rate – 19.99

Fintech 198

Fintech System Lending Cards 198

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. Debit cards work virtually. Where The Money Is Going. And Who’s Got It .

Fintech 169

Fintech Capital Innovation Data 169

PYMNTS

JANUARY 31, 2018

The survey from that identity assurance provider, conducted across 2,000 individuals, found that when it comes to applying for financial products at a financial institution (FI) — from checking accounts to credit cards — 40 percent of those online applications are never finished. And the frustration level has grown.

Online 153

Online Security Course Mobile 153

PYMNTS

OCTOBER 23, 2018

A survey from the Medical Group Management Association (MGMA) and Navicure found that 77 percent of group practices still do paper-based billing. It does it automatically by deducting it from your credit card without giving out that credit card info, of course.”. billion in annual improper Medicare payments.

blockchain 173

blockchain Study Case Study Fraud 173

PYMNTS

JULY 21, 2017

His best-known effort — and a very clear entry into the “win” column — is, of course, as part of the founding team at PayPal. Sixty percent of Americans fear credit cards,” Levchin noted. For people who live on the coasts, a credit card is an API access to money. Broken by the Numbers. A third fear they will overspend.

Retail 111

Retail San Francisco Cards Conference 111

PYMNTS

AUGUST 20, 2019

Bigger than credit card debt. The Society for Human Resource Management has estimated that 8 percent of U.S. employers have such offerings in place, which, of course, means that 92 percent of them don’t. Think the debt is confined to the millennials — that they’ll eventually figure it all out and pay it off? Think again.

Course 136

Course Meeting Cards Examples 136

PYMNTS

JULY 23, 2018

Or are the 27 percent of the population — those high-income Bridge Millennials and Gen X-ers with college degrees who are steps away from financial catastrophe — happy, even if they do report feeling more positive about the stability of their financial situation than they did this time a year ago? Sixty-six (66) percent have credit cards.

Cards 122

Cards Groups Report US 122

PYMNTS

FEBRUARY 20, 2018

But the data indicates that for an increasing number of users, debt is not being managed correctly. Revolving outstanding credit, made up primarily of credit cards, increased at a 13.3 Credit Card Troubles. Store-card issuers Synchrony and Citibank reported a similar issue: Loan volume was growing, but defaults were too.

Lending 105

Lending Cards America New York 105

PYMNTS

SEPTEMBER 25, 2019

There are solutions — low limit “toy cards” that keep new customers on a very short financial leash of a few hundred dollars, securitized cards that required an initial deposit, high-interest personal loans — but they tend to be expensive and limited. How It Works — And Why It’s Needed .

Data 122

Data Resources Cards Security 122

PYMNTS

MARCH 8, 2018

Because, of course, loyalty is the gift that keeps on giving, that keeps dollars coming into registers, virtual ones (and the real ones), and represents a return on investment that can be rather outsized. One conduit to such cemented relationships: private label debit cards. What do I buy when I visit?

Payments 102

Payments Branding Data Big Data 102