PYMNTS

APRIL 24, 2017

This week we saw scientists march, the French go to the polls and a $400 high-tech juicer turned out to be an innovation on par with something that everyone already has: their hands. We laughed out loud at this one when it came out a year ago and said it was just another example of Silicon Valley groupthink. Ready to jump in?

Millennials 109

Millennials Cards New York Branding 109

PYMNTS

JULY 13, 2018

In 1974, women won the right to apply for and control their own credit card with the passage of the Equal Credit Opportunity Act. It has made the millennial generation of women — either entering or settling into their prime spending years — something of a unique class of citizens when it comes to financial services.

Millennials 111

Millennials Tools Connecticut Study 111

PYMNTS

SEPTEMBER 10, 2019

Because we are a bank [as well as a payments processor], we can deposit their credit-card proceeds the same day, including weekends, at no additional cost.”. For example, Stripe charges 1.5 JPMorgan’s strong Q2 performance can be credited to a growing millennial customer base and continued digital innovation.

Millennials 194

Millennials cryptocurrency Cards Payments 194

PYMNTS

JANUARY 16, 2020

Millennials have matured financially, but many remain wary of using traditional credit to buy even routine or small-ticket items. Younger demographics are searching for retailers that grant numerous product options and payment methods as they continue to eschew credit cards and loans. How Millennials Are Driving BNPL Growth.

Millennials 130

Millennials Mobile Retail Branding 130

PYMNTS

JUNE 16, 2016

A lot of fuss is made over millennials and their proclivities toward things being easy. So, when it comes to something like digital banking , it’s not so much about finding what’s easy as it is about finding what service best meets millennials’ needs. Millennials to big banks: No thanks ….

Millennials 100

Millennials Mobile Digital Banking US 100

PYMNTS

JANUARY 2, 2020

Even the simplest tasks like changing the PIN on a debit card required a command appearance. Those features and functions might be authentication, payments, security, card controls or a host of other contexts, she said, depending on what specific set of customer wants must be addressed. . Building What’s Next .

Innovation 142

Innovation Digital Strategies Strategy Trends 142

PYMNTS

MARCH 8, 2018

Dorchester said the pace of payments and security innovation has picked up significantly over the past five years — and that’s a good thing, as it generates new options for businesses to leverage the best of both worlds. Au contraire, said Dorchester: The current pace of innovation is the best thing that’s happened in payments for decades.

Innovation 112

Innovation Security Industry Fraud 112

PYMNTS

OCTOBER 1, 2019

The steady drumbeat of tech has brought purchasing from bills and coins to cards and contactless payments – done across all manner of devices and through pushes, taps, swipes and waves, at any time. percent of the bridge millennials and 42.2 percent of bridge millennials were interested, up from 35.4 percentage points to 31.3

Millennials 140

Millennials Payments Study Groups 140

PYMNTS

SEPTEMBER 18, 2018

And in lending, with the financial crisis in the rearview mirror, a decade on, invention – okay, innovation – has become a hallmark, at least in some corners. Mortgages and Credit Cards and Student Debt…. As many as 66 percent of them have credit cards, and 79 percent of them live paycheck to paycheck. Mortgages ? trillion.

Lending 148

Lending Innovation Fintech Cards 148

PYMNTS

DECEMBER 4, 2018

Take, for example, Uber’s recently announced four-tier loyalty program tied to Uber POOL and Uber Eats, which will eventually extend to bikes and scooters. 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.

Payments 191

Payments Millennials Cards Course 191

PYMNTS

DECEMBER 24, 2020

Millennials have shown remarkable interest in these solutions, which allow consumers to finance purchases with specific terms when they check out online. Millennials lead in the early adoption of BNPL, especially older “ bridge millennials ,” or those aged 32 to 41 who tend to have more purchasing power than their younger counterparts.

Payments 260

Payments Millennials Survey Trends 260

PYMNTS

DECEMBER 31, 2019

Might the coming year be marked by innovation at the point of sale (POS)? shoppers “finally [beginning] to embrace mobile payments and contactless cards to pay in-store.”. That shift will be driven, in part, by more card issuance from banks, said Garg. Here Come The Millennials.

eBook 170

eBook Millennials Cards Survey 170

PYMNTS

DECEMBER 22, 2016

In an interview with Karim Ahmad, TSYS executive vice president of global product and innovation, PYMNTS’ Karen Webster delved into the very nature of change, marking what once might have been a staid industry. I’m a pretty prosaic guy when it comes to … innovation,” said Ahmad.

Innovation 100

Innovation Payments Regulation Industry 100

PYMNTS

JULY 25, 2019

In an interview with PYMNTS, Deirdre Ives, CEO and managing director at Wirecard North America, noted that when it comes to innovation, issuers face challenges in meeting the needs and expectations of a diverse populace of users spanning borders and cultures. market as an example of the co-existence and collision of cash and digital payments.

Payments 189

Payments Innovation Examples FDIC 189

PYMNTS

JUNE 16, 2016

It’s no wonder why retailers love gift cards – they are known to drive foot traffic, increase revenue, boost their customer base and complement retention efforts. But as consumers continue to move toward a digital option for their gift card needs, could a retailer’s dream turn into an actual nightmare?

Retail 100

Retail Cards Fraud Data 100

PYMNTS

JUNE 26, 2020

What we are seeing [is] continual innovation in terms of services and offerings for corporates and for individuals that are being built utilizing open banking rails.”. Some of these innovations include improved data gathering capabilities and heightened protection against financial crime. In the U.K.,

System 198

System Data Security Examples 198

PYMNTS

SEPTEMBER 16, 2019

And so a sheepherding innovation – and new vocabulary word – was born. 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. Analysts pinpoint certain companies as bellwethers for the performance of a sector.

Millennials 222

Millennials Study Course Trends 222

PYMNTS

MAY 12, 2020

There was a time when consumers did not require much more from their local bank than a checking account, savings account and an ATM card. Consumers are paying with credit and debit cards more than ever before, and they are increasingly looking to their smartphones to gain greater control over how they spend and manage their money.

Regional 241

Regional National Cards Mobile 241

PYMNTS

FEBRUARY 4, 2020

A bit younger than their millennial siblings and cousins, they’ve grown up totally mobile, and have idiosyncrasies that make them unique. Perhaps more than millennial cohorts, Gen Z is having a hot love affair with eCommerce and sharing platforms that specialize in and cater to their digital lifestyles.

Millennials 130

Millennials Fraud Groups Payments 130

PYMNTS

JANUARY 29, 2019

That’s reflected in data (this is Data Drivers, after all) from the Credit Union Innovation Index , a joint effort between PSCU and PYMNTS. PYMNTS and PSCU found that 59 percent of credit union members said they want innovation, though it wouldn’t necessarily sway them to choose one CU over another. Avoiding Complacency.

Innovation 176

Innovation Fintech Data Community 176

PYMNTS

AUGUST 13, 2020

consumers don’t exactly love the paper check — roughly 38 percent report that they’ve stopped using them entirely, and that shoots up to almost 50 percent when talking about millennials. Payors need to broaden that approach to accommodate someone without a traditional banking relationship who uses a prepaid card or digital wallet instead.

Cards 202

Cards Strategy Digital Strategies Examples 202

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

FEBRUARY 19, 2020

For example, original equipment manufacturers (OEMs) spend an average of 57 days waiting. Corporate buyers can pay more rapidly online with credit cards, benefitting sellers, and enjoy easy access to detailed, searchable information to guide their purchasing decisions. However, the transition into eCommerce is not without challenges.

Mobile 197

Mobile Online Payments Tools 197

PYMNTS

JUNE 6, 2018

For every innovation that changes the world, many … don’t. When Shake Shack announced it was debuting a digital-only location , it seemed likely enough that it would work: Its clients are urban-based, largely millennial and demonstrably mobile order-ahead friendly. Only debit and credit cards. And that answer was no. “You

Mobile 116

Mobile Cards Innovation Millennials 116

PYMNTS

OCTOBER 25, 2017

When you’re an innovator and building out a vision for a new category like we are, there aren’t existing companies or products to model after. That has potential to replace the entire gift card business as we know it. There is also a lot of room to innovate. Our product’s stickiness is driven by a few key concepts.

Mobile 100

Mobile User Experience Examples Millennials 100

PYMNTS

NOVEMBER 13, 2019

Retailers are under constant pressure to evolve and innovate,” he told PYMNTS, “and they have to make sure the user feels good about the whole experience on an ongoing basis.”. That’s especially true with the continued rise of millennials, who seek instant engagement from the brands with which they interact. That’s just not engaging.”.

Millennials 118

Millennials social media Retail Cards 118

PYMNTS

JANUARY 9, 2020

Issuers sent cards to consumers and providers sent point-of-sale (POS) devices and terminals to merchants. Attendees will learn that younger generations – Generation Zers and millennials among them, who wield significant (and growing) spending power – care more about payment flexibility (and options) than merchants might realize.

Payments 151

Payments Case Study User Experience Millennials 151

PYMNTS

AUGUST 24, 2018

But playing and delivery methods keep changing, with Ohio of all places — no offense to the Buckeye State, home to multiple presidents and the Wright Brothers’ aerodynamic innovations — accounting for some of the latest developments. Consumers go Buehler’s , Giant Eagle or Kroger locations to buy the lottery card.

Ohio 103

Ohio Mobile Cards South Carolina 103

PYMNTS

JANUARY 31, 2020

Travel industry services are catering to the thousands of millennial and Gen Z travelers who are booking big trips by augmenting their platforms with online and mobile support. Competition among airlines, hotels and travel agencies is fiercer, but all these platforms are approaching travel innovation in similar ways.

Industry 168

Industry New York City Online Security 168

Accenture

SEPTEMBER 22, 2019

By way of example, Monzo passed 2 million users in May 2019 and anticipates 3 million this year, while Revolut is targeting 10 million by 2020. But there’s another reason why the neo-challengers are so front-of-mind: They’re industry leaders in cultivating technology innovation and optimising customer service and experience.

Innovation 150

Innovation Metro Apple Marketing 150

PYMNTS

JANUARY 19, 2018

Fifty dollars, a paper check or a gift card stuffed into a greeting card feels very impersonal, and is largely saved by the fact that it can be delivered in person. It then added other gifting mechanisms, like prepaid and gift cards. which is a win for both parties. However, cash doesn’t have much flair.

Cards 121

Cards Millennials User Experience Video 121

PYMNTS

DECEMBER 21, 2020

You can see it in how investors are putting money to work in both consumer-facing and B2B startups, and how startups and incumbents are forging new partnerships to move innovation faster to market. And since iPhone users skew more to the affluent, it also denied those innovators the opportunity to monetize their spend. 23-25, 2020.

Apple 227

Apple Study Innovation Survey 227

PYMNTS

APRIL 4, 2019

And by all accounts, this digital migration is driven by consumer preference — according to the same study, 91 percent of mobile banking users prefer accessing their app over going to a physical branch, and 68 percent of mobile banking millennials believe their smartphones will eventually replace their physical wallet.

Mobile 169

Mobile Study Security social media 169

PYMNTS

MAY 26, 2017

Fortunately, it appears the recreational market is getting some much-needed innovation to help organizations and associations process payments and participant registration. One company that is innovating in the sports and recreation industry is Amilia, an online registration and membership management platform.

Marketing 115

Marketing Payments Community Millennials 115

PYMNTS

FEBRUARY 4, 2020

The firm processes about $30 billion a year and works with 140,000 merchants through 450,000 global card network acceptance endpoints, mostly in India, with some penetration into the Middle East and Southeast Asia.

Austin 186

Austin Cards Marketing Mobile 186

PYMNTS

OCTOBER 9, 2019

Payments and other forms of innovation and disruption are taking place as the gig lifestyle spreads across the world and seeps ever further into the daily lives of consumers while becoming more critical to business. He pointed to Algopay as a positive example of that. Among the main challenges? Payment Lessons. “

Regional 122

Regional Trends Cards Millennials 122

NCR

MAY 9, 2017

But technology innovators and financial institutions have worked together for generations. Visa and Mastercard are prime examples of collaboration between FIs and providers. One example is the proliferation of free credit score apps provided by FI’s without the need for an existing account. The Apple Store has over 2.2

Fintech 75

Fintech Hawaii Community Bank San Francisco 75