PYMNTS

AUGUST 21, 2020

Community banks and credit unions are feeling the pressure to boost their digital card services or risk losing customers to megabanks and digital challengers, Ondot Systems ’ Chief Strategy Officer Todd Lesher told PYMNTS in a recent discussion. FinTech players are also grabbing deposits. Square announced $1.3

Cards 224

Cards Mobile Community Bank Community 224

PYMNTS

JULY 3, 2019

million from investors including Partech, Axeleo Capital, Lafayette Plug and Play and others to further develop its loyalty program integrated into credit or debit cards. Through Joko’s mobile app, credit cards become loyalty cards, so there is no need to scan or say anything. French startup Joko announced that it has raised €1.6

Cards 135

Cards Fintech Retail User Experience 135

PYMNTS

MARCH 1, 2018

Payment solution provider i2c recently announced a partnership with mobile banking FinTech Payfare to pay rideshare drivers using a prepaid Mastercard. Once payments are disbursed, cards can be used to make online and in-store purchases, withdraw funds from an ATM, transfer funds or pay bills. About the Tracker.

Millennials 102

Millennials Trends Cards ATM 102

PYMNTS

FEBRUARY 25, 2020

Mobile Cards: Make or Break? One way that banks or ambitious social media platforms will win this combat for customers is through the use of mobile credit and debit cards, with a highly configurable nature and full range of card and spend management controls to please the most vacillating of customers.

Mobile 153

Mobile Cards social media Survey 153

PYMNTS

MAY 23, 2019

Zero, a company that aims to modernize credit cards for the millennial generation, has raised $20 million in a Series A funding round, according to a report. The company plans to market its card to credit-wary millennials who want to avoid getting into a deep debt cycle, but who also want the incentives of owning a credit card.

Cards 135

Cards Millennials FDIC ATM 135

PYMNTS

OCTOBER 24, 2019

London-based FinTech firm Revolut partnered with Visa to roll out a multi-currency travel debit card in Singapore, Visa said in a press release on Wednesday (Oct. The new card offers users the ability to spend overseas in over 150 currencies at the real exchange rate and without hidden fees. . by the end of 2019.

Cards 112

Cards Millennials Survey Fintech 112

PYMNTS

SEPTEMBER 19, 2019

Australian consumer FinTech company Douugh is kicking off its visual “Savings Jar” feature as it widens the availability of its artificial intelligence (AI)-assisted bank account with a Mastercard debit card, Mastercard said in a press release on Thursday (Sept. million-plus millennials in the country. . Accelerate 2.0

Fintech 148

Fintech Millennials Cards America 148

PYMNTS

NOVEMBER 6, 2019

Venmo has also been adding features to differentiate itself, such as rolling out a cash-back rewards program for its Venmo Mastercard debit card at certain retailers, as announced in a press release. Square also offers small business loans and has a Visa debit card linked to the app, which lets users treat it like a bank account.

Millennials 107

Millennials Payments Cards Survey 107

PYMNTS

SEPTEMBER 15, 2020

In today’s top news in digital-first banking, Goldman Sachs has launched a personal finance offering for customers of average means, and Franklin Templeton’s Singapore subsidiary has joined forces with Razer Fintech. Franklin Templeton Teams Up With Razer to Woo Millennial Investors. Hotels.com Debuts Loyalty Program Visa Card.

Tools 131

Tools Fintech Tennessee National 131

Bank Innovation

MAY 2, 2016

63% of the sought-after millennials don’t have a credit card, according to a survey commissioned by Bankrate and compiled by Princeton Survey Research Associates International. PayDay Lending, Overdraft Fees, Credit Cards all make money from the imprudent customer.

Fintech 150

Fintech Millennials Survey Lending 150

PYMNTS

FEBRUARY 14, 2020

11 to set up a bank card clearing business, providing it with access to a $27 trillion payments market. The People’s Bank of China said it has approved an application by Mastercard’s Chinese joint venture to run a bank card clearing business in the nation. Reynolds CEO: Recreating Grocery’s Home Goods Aisle For The Millennial.

Retail 141

Retail Cards Millennials Fraud 141

BankBazaar

AUGUST 7, 2019

Owing much to the changes in banking trends and the emergence of fintech companies, millennials across India have become open to the idea of borrowing credit. Access to credit products such as Credit Cards and loans may be rather easy today, but it wasn’t the case till a few years ago. Building awareness among millennials.

Millennials 60

Millennials System Lending Trends 60

PYMNTS

NOVEMBER 19, 2019

Among the biggest debates is how to construct and operate the best card program possible – a decision that served as the foundation for a new PYMNTS interview with Jim Geeslin, head of strategy for Elan Financial Services , an agent credit card issuer. Do FIs want to navigate card programs through that?”. Near-Term Challenges.

Cards 140

Cards Apple Data Innovation 140

PYMNTS

SEPTEMBER 18, 2019

The New York-based FinTech company Petal has announced a $300 million debt round from global investment bank Jefferies, adding to existing venture capital investments from Peter Thiel’s Valar Ventures, Rosecliff Ventures and others, the company announced in a press release on Wednesday (Sept.

Cards 133

Cards Capital New York Millennials 133

PYMNTS

MARCH 23, 2018

In Brazil, the antitrust watchdog, Cade, is looking into the credit card industry, with an eye on possible anticompetitive practices. The investigation comes, Reuters reports, after a complaint by Nubank, a Goldman Sachs-funded FinTech. The company offers credit cards and checking accounts to 3 million people in Brazil.

Industry 112

Industry Cards Millennials Fintech 112

PYMNTS

DECEMBER 6, 2019

We have a deep dive into Colorado’s digital driver’s license effort and news on Alphabet’s new CEO, as well as data on millennial Black Friday spending. New Visa Alliances Help FinTechs Launch Payments Solutions. Visa is working with four global finance firms to help FinTechs issue digital and plastic payments. Top News

Millennials 101

Millennials Colorado Google Leadership 101

PYMNTS

JANUARY 8, 2021

In today’s top digital-first banking news, clients of BBVA subsidiary Simple Bank are reportedly getting emails telling them that Simple is closing and the intent is to move them to BBVA, while the Treasury Department announced that stimulus Visa debit cards are being mailed to homes. BBVA to Close Simple Bank, Move Customers to BBVA USA.

Cards 143

Cards Digital Banking Millennials Report 143

PYMNTS

JUNE 9, 2017

In a press release , Vyze said the survey also revealed consumers continue to show loyalty to retailers with whom they have store cards , with 40 percent saying they are more likely to shop at that retailer again. Vyze found Amazon wins when it comes to store cards, with 32 percent of survey respondents having one.

Survey 108

Survey Cards Millennials Retail 108

Bank Innovation

AUGUST 10, 2016

It’s not just millennial customers banks are adjusting to today — it’s millennial employees.

Millennials 150

Millennials Strategy Technology Online 150

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. Fintech services for seniors are targeting a range of sub-categories.

Millennials 73

Millennials Fintech Tools Fraud 73

Payments Source

JULY 12, 2019

The fintech rush into point of sale financing is partly a play on younger consumers’ migration away from traditional credit cards. This, in turn, has prompted a counter play from Citizens Bank.

Millennials 100

Millennials Fintech Cards Payments 100

PYMNTS

DECEMBER 19, 2019

Bangalore-based FinTech ZestMoney has raised $15 million in a Series B funding round led by Goldman Sachs and existing investors Naspers, Quona Capital, and Omidyar Network, TechCrunch reported on Thursday (Dec. Few people have credit scores, which banks depend on when extending loans.

Fintech 130

Fintech Millennials Online Lending 130

PYMNTS

SEPTEMBER 15, 2017

The favored narrative about banks and FinTech startups is generally not a love story. Whereas FinTechs are undoubtedly newer and faster – risen from the digital age to put banks out of business – they aren’t always able to take deposits or keep some of those associated warranties. Usually, it is more of an all-out war story.

Fintech 198

Fintech System Lending Cards 198

The Financial Brand

APRIL 30, 2023

This article Enthusiasm for Apple Savings Account High Among Millennials and Gen Z appeared first on The Financial Brand. Seven in 10 Apple Card holders and many who don’t yet have the card say they plan to open its high-yield savings account.

Millennials 34

Millennials Apple Branding Cards 34

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

The Financial Brand

SEPTEMBER 14, 2020

It's both a payment and lending challenge — banks must match fintechs' point of sale 'buy now, pay later' service or they'll lose share. The post Gen Z, Millennials and COVID Fueling Rise in Hybrid Credit Card Alternatives appeared first on The Financial Brand.

Millennials 31

Millennials Cards Lending Branding 31

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. Synctera Brings 'FinTech As A Service' To Community Banks.

Trends 175

Trends Fraud Millennials Community Bank 175

Payments Source

NOVEMBER 29, 2018

But to delay payment for a T-shirt and a couple pairs of jeans, you needed a credit card. Now several fintech startups are putting smaller purchases on installment, too. Installment plans have helped shoppers afford large purchases since the late 19th century and are still available for pricey items like cars and smartphones.

Millennials 126

Millennials Fintech Cards Payments 126

The Paypers

AUGUST 14, 2020

has launched a new banking platform specifically for millennials, along with a solid metal credit card. Startup Cred.ai

Cards 53

Cards Millennials US Fintech 53

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. get the 86-page fintech report.

Cards 71

Cards Fintech UX Strategy 71

PYMNTS

APRIL 16, 2019

Mastercard has moved into point-of-sale financing with the acquisition of Vyze, a FinTech firm the payment card network calls an “an end-to-end platform that facilitates financing options for merchants’ customers at checkout.”. As well, Bankrate has estimated that roughly 33 percent of millennials have cards.

Millennials 188

Millennials Cards Maine Retail 188

PYMNTS

OCTOBER 22, 2020

The mobile device has become the primary instrument of communication, agreed panelists, and increasingly users — especially younger consumers in the Millennial demographic — will use those devices to conduct daily financial life. That trend has pushed FinTechs and FIs to craft more direct financial interactions with consumers.

Fintech 169

Fintech Capital Innovation Data 169

PYMNTS

DECEMBER 3, 2019

Also, Visa is working with four global finance firms to help FinTechs issue plastic as well as digital payments. New Visa Alliances Help FinTechs Launch Payments Solutions. Visa is working with four global finance firms to help FinTechs issue plastic as well as digital payments. operations. operations.

Fintech 132

Fintech Colorado Payments Operations 132

CB Insights

DECEMBER 9, 2020

Affirm wants to disrupt the credit card business, a notoriously opaque realm of consumer finance. As the millennial and Gen Z demographics look for more consumer-friendly alternatives, companies like Affirm are vying for attention from both shoppers and merchants. Where Top US Banks Are Betting On Fintech. First name.

San Francisco 68

San Francisco Cards Millennials Fintech 68

PYMNTS

JULY 1, 2020

consumers who have at least one credit or debit card and mobile device revealed that 24 percent would be “very” or “extremely” likely to switch to the new generation of banking. This “better app” would also offer transaction confirmations and alerts, card location controls and the ability to track and redeem rewards. .

Survey 183

Survey Cards Millennials ATM 183

Bank Innovation

AUGUST 23, 2017

EXCLUSIVE – Add another financial wellness app to the list, millennials. Douugh, a fintech company that uses artificial intelligence (AI)-based to provide financial guidance, launches today. The AI-based platform is guided by Sophie, a 24/7 personal assistant for finances.

Marketing 230

Marketing Millennials Innovation Fintech 230

PYMNTS

NOVEMBER 19, 2020

In addition, 30 percent of shoppers, including 39 percent of Generation Z and millennials surveyed, would find a BNPL installment pay option a boost this year, according to the report. Klarna allows customers to use the mobile app to create a one-time virtual card at participating stores, which can be used to purchase items.

US 186

US Millennials Branding Retail 186