PYMNTS

MAY 1, 2020

Adopting such solutions is part of a continual improvement process that the locally owned, not-for-profit credit union has embraced in recent years, taking a data-driven approach to better understand how its members prefer to bank. From a strategy standpoint, this lets us understand their needs and preferences,” Vas Nunes added.

Arizona 159

Arizona Security Cards Phoenix 159

PYMNTS

SEPTEMBER 21, 2018

Consumers expect companies to protect their personal information from fraudsters, but they don’t want that protection to come at the expense of convenience, according to Anand Talwar, deposits and consumer strategy executive for digital-only bank Ally. They can self-select rules on how they want to use their debit card.

Fraud 100

Fraud Security Cards Mobile 100

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.

Cards 71

Cards Fintech UX Strategy 71

PYMNTS

SEPTEMBER 21, 2016

According to recently released research from the American Bankers Association, mobile banking is becoming increasingly popular among consumers of young ages. After companies like Apple had popularized voice-activated virtual assistants, consumers grew accustomed to using their voice to perform simple commands on their phones or computers.

Digital Banking 100

Digital Banking Mobile Apple Millennials 100

CB Insights

DECEMBER 10, 2020

Bank of America, for one, saw profits drop 16% year-over-year (YoY) in Q3’20 to $4.9B. The pandemic has also accelerated recent trends in banking, especially among the millennial demographic, which tends to favor digital banking and online brands over traditional banks. Investment banking. First name.

America 101

America Lending Cards San Francisco 101

Gonzobanker

APRIL 4, 2024

of Millennials, 7.5% of the market, and JPMorgan Chase—the nation’s largest bank (in terms of assets)—counts 7.6% Our members use us for their everyday spending, and we make a small part of that transaction when the card gets used at the point of sale.” That works out to 8.1% of all American adults: 12.3%

Comparison 104

Comparison Fintech America Survey 104

PYMNTS

DECEMBER 3, 2019

UK Digital Bank Monzo Taps Visa Exec As US CEO. Monzo, London’s digital unicorn, has appointed TS Anil to lead U.S. Anil has more than 25 years of experience in payments, banking and credit cards, working globally across Europe, Africa and the Middle East as well as the Americas and Asia Pacific. .

Fintech 132

Fintech Colorado Payments Operations 132

PYMNTS

MAY 29, 2020

We have deep dives on Main Street’s digital shift, ATM innovation and PPP loans. Civilization has progressed enough that many of us know it’s wrong to demonize a group of people due to a personal characteristic, as it isn’t based on evidence or reason, and it simply shows base prejudice. An API-Driven Fix To Digital-First Banking .

Maine 130

Maine ATM Innovation Millennials 130

Accenture

SEPTEMBER 22, 2019

Neo-challenger banks have several advantages over their traditional counterparts—including having lower operational costs, because their tech stacks are cheaper to run, and offering a tailored online experience that appeals to Millennials. It’s equally certain that incumbent banks will keep fighting back with investments in technology.

Innovation 150

Innovation Metro Apple Marketing 150

Banking 2020

DECEMBER 4, 2015

Articles via PYMNTS.com, Banking Exchange, Business Insider, American Banker. MetaBank Bumps Up V-Card Strategy: MetaBank and StoneEagle struck a five-year extension of their partnership, which sees StoneEagle linking MetaBank’s Meta Payment Systems corporate clients into virtual B2B payment technologies.

Mobile 40

Mobile Payments Digital Banking Millennials 40

PYMNTS

OCTOBER 6, 2017

That statement may come as a surprise against a backdrop where digital wallets and eCommerce have grabbed their share of headlines and acclaim in the payments world. But as readers in this space know, the move to cashless is not a done deal, nor is it written in the cards (no pun intended).

United States 119

United States Study Cards FDIC 119

Independent Banker

AUGUST 9, 2016

Banking customers are no different. Statistics are especially compelling for those trying to attract and maintain the millennial segment. With Buzz Points, customers earn points every time they swipe their card, and they earn double points when they patronize a local business. Retrieved April 19, 2016, from [link].

Community 70

Community Millennials Community Bank America 70

Insights on Business

FEBRUARY 27, 2019

As he said recently, “Being ‘digital first’ for us is not about the interface. It’s all about embedding banking into a person’s life.” And yes, for now you can still reach profit objectives and meet C/I ratio targets—while investing in more mobile and internet banking capabilities on the side.

Customer Experience 107

Customer Experience Mobile Millennials Examples 107

CB Insights

OCTOBER 10, 2018

What these startups share is the goal of creating customer-centric banking products that target underserved individuals and businesses. DOWNLOAD THE 61-PAGE consumer banking REPORT. See which startups are helping JPMorgan, Bank of America, and Citi build the digital banking platforms of the future.

Retail 78

Retail Cards Millennials Mobile 78

Fintech Labs Insights

JANUARY 15, 2016

Available only via mobile app, imaginBank is a new initiative by Spanish bank, Caixabank targeting millennials. CaixaBank CEO Gonzalo Gortázar said the new mobile-only bank was part of a “commitment to providing new services that perfectly complement the more traditional banking model.” CaixaBank serves 2.9

Millennials 12

Millennials Mobile social media ATM 12

FICO

AUGUST 19, 2022

According to a 2022 report by Cornerstone Advisors , the percentage of Gen Z, Millennial, and Gen X consumers in the U.S. who consider a digital bank (like Chime, Cash App, or PayPal) to be their primary checking account provider has more than doubled since 2020. Fintech Policy in the US - Things Are Heating Up.

Fintech 52

Fintech Millennials Lending Tools 52

CB Insights

JULY 11, 2019

get the building the bank of the future report. Download the free report to find out about the rise of digital banking, challenger bank strategies and how incumbents are fighting back. There are 7 challenger banks that have reportedly crossed 1M+ accounts: Uala , N26 , Monzo , Qapital, Chime , Nubank , and Revolut.

Fintech 64

Fintech cryptocurrency Examples Cards 64

PYMNTS

MAY 30, 2016

Digital Banking. The 411 On The Digital Banking Evolution. The latest edition of the PYMNTS Digital Banking Tracker profiled new players, as well as the latest news and expert commentaries. Digital Identity. A major overhaul in the world of digital identity is the decided death of passwords.

Trends 100

Trends Retail Fraud Mobile 100

PYMNTS

JANUARY 19, 2021

It came as a surprise to us when some of our customers explained that when they used us in the territories where geolocation compliance product was necessary – New Jersey or Pennsylvania, compared to European markets or Canada, where it wasn’t required at all – the fraud rate went from about 3 percent of purchases to 0.2

Data 227

Data Fraud Los Angeles Compliance 227

CB Insights

JUNE 3, 2020

These include Toast ( which cut 50% of its staff in early April ), TouchBistro ( which furloughed 20% of its workforce in April ), and Square ( card present volume down 60% in final 2 weeks of Q1’20 ). Payments companies focused on the restaurant industry are perhaps most at-risk, with merchant acquiring companies here hit particularly hard.

Lending 75

Lending Capital Online Marketing 75

Gonzobanker

DECEMBER 20, 2019

Second Curve analyst Zack Maxfield opened a TD Bank checking account on his phone in nine minutes while he waited to speak with a teller at one of the bank’s branches, but waited an hour to fund the account and order a debit card. The workplace a millennial will most confuse with Silicon Valley – Live Oak Bank in North Carolina.

Idaho 148

Idaho Conference Data Marketing 148

PYMNTS

JANUARY 2, 2017

DIGITAL BANKING TRACKER. The Digital Banking Tracker looks at how old ways of banking are evolving with the advent of faster technology that allows customers to get real-time updates on their accounts, share money with ease among contacts and even open accounts with a selfie.

Retail 123

Retail Millennials blockchain Mobile 123

PYMNTS

MAY 21, 2016

We’ve seen huge cases in this first release around card spend and that’s when we see peaks around month’s end and on certain days of the week,” he said. Metzger said that positive response has affirmed the value of experimenting with strategic innovation within the banking realm. Actually, the easiest way to communicate is voice.

Technology 115

Technology Trends Maine Digital Banking 115

PYMNTS

JULY 9, 2018

All of the things that stores and malls used to aggregate are available at one of literally thousands of places online, where they can be bought and shipped home, one product at a time, when and wherever the consumer’s impulse to purchase strikes. Credit is being unbundled from the traditional line-of-credit, card-based products.

Strategy 105

Strategy Millennials Online Branding 105

NCR

NOVEMBER 15, 2017

One institution that has recognized the value of simplicity is Wells Fargo, which recently announced a new digital banking experience designed to give customers a unified view of their “fragmented financial lives” – Control Tower. Empowering consumers through simplicity. Do your customers crave simplicity?

Customer Experience 59

Customer Experience Mobile Digital Banking Millennials 59

Gonzobanker

DECEMBER 22, 2015

The stash of food additives and chemical compounds at home seem sufficient to help us deal with the onslaught of relatives over the next few weeks, so there’s reason for optimism on that front. For those of you who have not seen our awards before, a quick summary of the rigorous rules and methodology we use to compile them—uh, none.

Community Bank 60

Community Bank Apple Community Technology 60

PYMNTS

NOVEMBER 18, 2019

If usage stats are a measure of satisfaction, it would certainly appear that consumers like being part of the Google ecosystem, despite what the media, lawmakers and regulators might want us to believe. It’s obviously the card that Google – with Citi and Stanford Federal Credit Union as partners – says they will play next year.

Google 177

Google Study Payments Branding 177

Fintech Labs Insights

MAY 25, 2017

This year at FinovateEurope, Antwerp, Belgium-based banqUP tossed its hat into the ring with a preview of its small business banking platform. The SME segment is significantly underserved by the banks and as a team of entrepreneurs we aim to change this situation. Finovate: Tell us about your favorite implementation of your technology.

Digital Banking 20

Digital Banking Fintech Groups Analytics 20

William Mills

SEPTEMBER 7, 2016

With CRMnext, replacing a lost card or request a new pin is a one button process. But came here to talk about BankJoy API –Which provides advance banking out of the box. Demo: voice conversation with Alexa, able to ask bank account balance, block cards, pay bills, send money to friends. Drag and drop functionality.

Mobile 40

Mobile Cards Fraud Data 40

CB Insights

JUNE 17, 2020

During the pandemic, almost half (48%) of all US physicians said they had treated patients virtually, according to a recent survey. The largest stand-alone telemedicine provider, Teladoc, reported 50% week-over-week growth in services the week after stay-at-home orders were implemented across the US. Source: Teladoc.

Industry 101

Industry Technology Online Video 101

PYMNTS

JULY 29, 2016

Millennials. If you’re a millennial, the FinTech world is literally beating a path to your front door. There are digital banks popping up just to woo them. Traditional banks are adapting services to attract more of them. Millennials are clearly a sizzle. Context + commerce = sizzle. The next step?

Apple 100

Apple Millennials Mobile Fintech 100

PYMNTS

OCTOBER 31, 2016

Not only is there bipartisan consensus that something needs to be done to smack the banking industry publicly on the heels of the Wells fiasco, but those who most staunchly defended their interests feel as though they can no longer do so. Only then did the CFPB report that complaints about prepaid cards topped their list for the month.

Regulation 100

Regulation Innovation Data Industry 100