PYMNTS

MARCH 3, 2020

percent APY on any money in the account — and they will be able to spend it with a Mastercard debit card, where money can be accessed at more than 75,000 ATMs. That’s, of course, the strategy of a Morgan Stanley, or of a Goldman Sachs, where Marcus is a conduit to moving “downmarket” toward consumer deposits and checking.

Course 187

Course System Millennials ATM 187

PYMNTS

OCTOBER 1, 2019

It’s not hard to find experts who predict that, even with the new date, gas stations will fail to comply with the deadline, which is set by card networks. The number of EMV payment cards in circulation around the world stands at more than 7.1 Such issues will have to be worked out over the next 12 months.

Innovation 167

Innovation Customer Experience Retail Operations 167

PYMNTS

JANUARY 25, 2021

Shoppers in the United States have long turned to credit cards to let them get the products now while delaying payments until they have a chance to save up. Consumers who do not qualify for credit cards or become reluctant to use those tools may see BNPL plans as a convenient alternative method for deferring payments.

Payments 185

Payments Tools Retail Cards 185

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

MAY 13, 2019

Perhaps the biggest story in P2P, though, is the ongoing battle between P2P providers Zelle (operated by Early Warning Services ) and Venmo (owned by PayPal ). The Zelle network is used by an upwards of 5,391 financial institutions (FIs), either through a mobile banking app or by registering a debit card with Zelle’s app.

Payments 198

Payments Apple Cards Course 198

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

PYMNTS

OCTOBER 8, 2019

CUs are no longer confined to operating primarily as regional players, moving beyond the confines of original charters that had limited them to, say, specific communities or employers. The Millennial Challenge. Now the relationship has moved beyond writing checks to credit and debit cards.

United States 102

United States Millennials Course Lending 102

PYMNTS

FEBRUARY 18, 2019

The most effective contrarians, of course, are those whose countervailing opinions are rooted in an intellectually honest framework or set of hypotheses that offer credible support for looking at things through a different lens. own voice-activated speakers, as do more than a third of the 30- to 40-year-old bridge millennials.

Cards 169

Cards Course Study New York 169

PYMNTS

DECEMBER 22, 2018

million of them sold last year, and an average price of $107 (artificial trees, of course, can last more than one holiday season; indeed, some are promoted as being able to give 30 years or more of use). That is helpful especially for “millennial and Generation Xers,” he said. An longstanding adage — cliché?

Industry 134

Industry Millennials National Online 134

PYMNTS

DECEMBER 11, 2018

And that’s unlikely to change in 2019 or beyond, given the growing purchasing power of bridge millennials. In fact, it is getting some new life from eCommerce operators. So-called online-only retailers — including Amazon — operate some 630 physical retail locations in the U.S., That trend is certainly nothing new.

blockchain 170

blockchain Retail Trends Mobile 170

PYMNTS

FEBRUARY 1, 2019

The fourth quarter of 2018 was kind to Venmo and Zelle , the two big peer-to-peer (P2P) services that are battling for consumer loyalty and market supremacy — a fight that pits PayPal , the owner of Venmo, against the banks that operate Zelle. Any merchant that accepts Mastercard payments can accept the Venmo cards. million U.S.

Cards 179

Cards Payments Mobile Operations 179

PYMNTS

AUGUST 9, 2019

Automating interactions with consumers, of course, translates into fewer staff needed at, say, call centers or onsite in a brick-and-mortar setting, trimming retailers’ operating costs. Moran said the overall trend toward automation is being driven by the consumer, and in particular, by millennial consumers.

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

PYMNTS

SEPTEMBER 6, 2019

There are worse ways to start a business than what happened when John Tabis was getting direct-to-consumer and subscription flower operation The Bouqs off the ground. So that, of course, means solving for recurring payments as well. Two significant factors motivated Tabis to dive into this business. What’s next for The Bouqs, then?

Millennials 108

Millennials Course Industry Operations 108

PYMNTS

MAY 14, 2018

Consumers – particularly millennials – are driving less and buying fewer cars; the age of the internal combustion engine is coming to an end in favor of electric vehicles; and, of course, vehicles as we know them are soon to be replaced by self-driving software platforms that we will call “cars” mostly out of nostalgia.

Millennials 101

Millennials Operations Mobile Cards 101

PYMNTS

JUNE 26, 2020

Introducing open banking principles has not been without friction, however, with banks and consumers concerned over how this sea change will affect FIs’ daily operations. All of this valuable data needs to stay out of the hands of fraudsters and other bad actors, of course. Open Banking Prevents Data Exposure.

System 198

System Data Security Examples 198

PYMNTS

NOVEMBER 12, 2018

When consumers point their cameras at an object, Bixby Shopping identifies it and directs that shopper to an eCommerce site operated by a Samsung partner. Mobile shopping game show app Gravy wants to capture the attention of millennials with short game shows almost every night of the week. These apps can be quite entertaining too.

Innovation 186

Innovation Samsung Apple Mobile 186

PYMNTS

MAY 10, 2018

Fast-forward 20 years, and the newest technology shift has come in the wake of EMV – replacing, of course, what was once the standard swipe transaction. Of those verticals seeing fraud, anything that is sold in high-end and medium retail is hit often, and hard, as are liquor operations.

National 130

National System United States Fraud 130

PYMNTS

OCTOBER 9, 2019

H owever, nothing is easy in life (your parents were right) and that nugget of wisdom served as a central theme of a recent PYMNTS discussion with Rakan Alhassan, operations and marketplace director at UReed. Among the main challenges? The reliance on cash in many of the markets served by UReed, Alhassan said.

Regional 122

Regional Trends Cards Millennials 122

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

DECEMBER 22, 2016

PYMNTS.com spoke with Britt in June about how digital banking is appealing to millennial customers. Britt pointed to the recent Wells Fargo scandal in which bank employees enrolled customers in bank accounts, credit cards and insurance policies without their permission as evidence of what infuriates consumers about bigger banking players. “We

Millennials 100

Millennials Digital Banking Mobile Industry 100

PYMNTS

AUGUST 31, 2018

According to Moody’s analysts, David’s Bridal faced “the increased likelihood of a distressed exchange or other balance sheet restructuring over the next 12 to 18 months, given David Bridal’s lack of meaningful improvement in operating performance in 2017, high leverage and 2019 maturities.”. Industry Changes. Online Advantages.

Online 100

Online Retail Seattle Industry 100

PYMNTS

FEBRUARY 11, 2019

The youngest of the bridge millennials – those 30- to 40-year-olds who today represent the first generation of connected consumers with spending power – will be having their mid-life crises at the age of 50. Consumers won’t be walking up to a cashier after standing in a checkout line to swipe a card when they visit a store.

Online 197

Online Retail Mobile Branding 197

PYMNTS

FEBRUARY 7, 2017

There’s a demographic push at work here, too, said Carcillo, which he defined as “millennial consumer groups.”. That’s the number of Merchant Link customers that are asking about contactless payment — with the operative word being “asking.”

Data 100

Data Samsung Millennials Analysis 100

PYMNTS

APRIL 17, 2017

Not because he didn’t have a buyer, but because his buyer didn’t have that much cash— and McKelvey didn’t take credit cards. Square, of course, moved from a small idea to a big idea fast, loaded to the gills with big plans and ambitions for the world of payments. Making it the most valuable set of glassware never sold. The Bumpy Road.

Apple 110

Apple Capital Cards Payments 110

PYMNTS

DECEMBER 21, 2020

Just as many boomers have made the digital shift as millennials, and as many of those living in big cities and towns have made the shift as those living in less populated areas. Contactless cards are regarded as decision-drivers for shopping in a physical store 7.5 Of course, these are on Android phones, too. 25-31, 2020.

Apple 227

Apple Study Innovation Survey 227

Insights on Business

FEBRUARY 27, 2019

Your executive teams may feel that their current mobile apps and internet banking operations are sufficient. To ensure success in 2025, however, the focus should be on customers who use newer models in digital channels: Generation Y, Z, and Alpha, too—the children of millennials. Use case: Focus on the millennial market with mobile.

Customer Experience 107

Customer Experience Mobile Millennials Examples 107

PYMNTS

OCTOBER 3, 2017

And against all of this, PSD2 , of course, looms large. Through its app, Tail offers discounts with local merchants tied to cards issued by challenger banks, with the discounts coming through cash back. The image is one of “put up yer dukes” in Europe’s financial world, specifically in the U.K. Megabytes of data vs. marbled halls.

Data 116

Data Millennials Cards Compliance 116

PYMNTS

JULY 21, 2017

Finance said this past week that a third of card payments were done the contactless way, and this was up 18 percent year on year to 4.5 Given that the debit and credit card share of total retail sales is at 77 percent, acceleration in contactless may be in the (virtual) cards. billion pounds.

Millennials 100

Millennials Mobile Branding Retail 100

PYMNTS

FEBRUARY 6, 2018

Years later, of course, the defunct retailer filed for bankruptcy for the second time in five years in 2015 — before disappearing from the American retail landscape. And, like Costco, it has a limited selection, which makes for a more efficient operation. “By It becomes a competitive advantage.”. Boxed’s sales have been growing.

New Jersey 100

New Jersey Las Vegas Retail Dallas 100

PYMNTS

JUNE 1, 2017

It is, of course, obvious that the internet has changed how the world gets its information and conducts its commerce, but the specters of fraud and data breaches are keeping the latter from reaching its true potential online. dollar payments via mobile phone versus, say, a cash card from Walmart or some of the other retailers.” .

Payments 110

Payments System Software Mobile 110

PYMNTS

APRIL 13, 2018

Stresses in the retail sector have weighed on the operating earnings of department stores, discount stores and drug stores in particular,” Sharon Ou, a Moody’s senior credit officer, said in the report. There is, of course, a lot of 2018 left, and the retail picture in the U.S. is always changing, sometimes quite dramatically.

Retail 116

Retail Course Washington Marketing 116

Independent Banker

OCTOBER 29, 2014

A consensus says that the future banking customer relationships—particularly for millennial consumers—will orbit to one degree or another around mobile technology. Consumers still overwhelmingly rely on credit and debit cards and cash for payments and will for some time, even if a chip on the smartphone replaces plastic cards.

Mobile 105

Mobile Community Bank Community Technology 105

NCR

FEBRUARY 17, 2017

That includes growth areas like mobile banking, of course, but also covers traditional cornerstones of retail banking like the ATM. In the rush to serve the tech-savvy millennial market and keep up with the latest developments in mobile and digital banking, some FIs might fall into the trap of overlooking traditional channels.

ATM 85

ATM Mobile Strategy Fraud 85

PYMNTS

SEPTEMBER 6, 2016

Payments had been relatively static with innovation around cash, checks and credit cards. Of course, it’s not just the FinTech industry and tech-savvy millennials who are fueling digital change. Issuers want their card to be the one that is loaded into the digital wallet and stays there — for a long time.

Security 100

Security CA Payments Big Data 100

PYMNTS

APRIL 11, 2016

In 1985, Microsoft released its first (not so popular) version of Windows — an operating system that enabled applications to deliver functionality on a variety of personal computers. Two: Platforms have to operate at scale. Even payments cards charge both sides. And, to use our word, ignition. That’s really important.

San Francisco 100

San Francisco Operations Examples Branding 100

PYMNTS

AUGUST 6, 2018

Some restaurant operators believe that Grubhub as an end-to-end online ordering and delivery platform has changed the relationship dynamics between their establishments and their customers — and not always for the better. Not all restaurants have bought in, including, reportedly, some of the Yum! The Amazon of Restaurants.

Online 125

Online Branding Mobile Millennials 125