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

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

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. million in consumer losses.

Trends 175

Trends Fraud Millennials Community Bank 175

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

NOVEMBER 19, 2020

The expansion will now cover retail brands including H&M , O.N.S. Klarna’s 2020 Holiday Retail Report found that most U.S. 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.

US 186

US Millennials Branding Retail 186

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

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. These plans fund retail purchases that consumers can then pay off over time in typically four installments. Interest in BNPL is not limited to the U.S.

Payments 185

Payments Tools Retail Cards 185

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

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.”. FinTech competitors like Stripe and Square charge an additional fee to receive payments faster than one to two business days. Some customers can already use the new feature.

Millennials 194

Millennials cryptocurrency Cards Payments 194

PYMNTS

OCTOBER 7, 2019

Silicon Valley FinTech Affirm is rolling out a new app that will give customers a way to shop at almost any store and split their payments, the company announced in a press release on Monday (Oct. Affirm says that 67 percent of consumers are looking to avoid credit cards this holiday season. .

Payments 139

Payments Millennials Retail Cards 139

TheGuardian

SEPTEMBER 18, 2021

Fintech firms are jostling to offer millennials interest-free payment plans as they shop online. Even those trying to buy it outright using a debit or credit card see reminders of “more ways to pay” flash up. Once a niche form of credit, buy now, pay later (BNPL) deals have exploded during the pandemic.

Millennials 75

Millennials Course Lending Fintech 75

PYMNTS

JULY 23, 2019

Nationwide is gearing up for the introduction of its business accounts, while Mastercard is planning to roll out debit cards to customers early next year, the companies announced in a joint press release. . that caters to millennials, has raised £50M ($62.4 billion dollars), making it the second-largest FinTech startup in Britain.

Millennials 144

Millennials Innovation Fintech Lending 144

PYMNTS

DECEMBER 16, 2019

The Swedish FinTech firm is also bolstering an important tech hub in Berlin as it debuts new products for merchants as well as users and grows its coverage per CEO Sebastian Siemiatkowski, Reuters reported. The course has been popular with millennials who have a preference for debit cards over credit cards.

Marketing 132

Marketing United States Millennials Fintech 132

PYMNTS

OCTOBER 23, 2020

Morgan Chase is banking on QuickAccept to edge out FinTech rivals Square and PayPal. JPMorgan Chase is banking on QuickAccept to edge out FinTech competitors PayPal and Square. Small and medium-sized businesses (SMBs) can accept payments via a mobile program or touch-free card reader with QuickAccept and get the funds immediately.

Apple 149

Apple Maine Millennials Bitcoin 149

CB Insights

OCTOBER 10, 2018

Startups targeting retail and commercial banking have been emerging globally, spurred by favorable tech regulations, an uptick in mobile adoption, and shifting customer demographics. This year in the US, JP Morgan launched mobile banking app Finn and Goldman Sachs’ retail banking arm Marcus crossed 1.5M Incumbents Play Catch-Up.

Retail 78

Retail Cards Millennials Mobile 78

PYMNTS

DECEMBER 11, 2018

Give a deep and welcoming hello to the newest form of window shopping — a consumer behavior that will help to shape retail in 2019 and beyond, and a trend that stands as an increasing part of shopping, one that promises to impact brick-and-mortar merchants as they decide how to innovate. That’s not to say physical retail is dying.

blockchain 170

blockchain Retail Trends Mobile 170

PYMNTS

SEPTEMBER 16, 2019

Retailers scour social media to find influencers and designer bellwethers to turn trends into sales. 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. Pundits identify bellwether states to predict election outcomes.

Millennials 222

Millennials Study Course Trends 222

PYMNTS

JANUARY 10, 2020

With roughly 17 million active users each month and 30,000 diverse online retailers, Honey has delivered some $1 billion in savings to shoppers in the past year. Citigroup Names New Retail Banking Leader. David Chubak will head all retail sectors — branches, mortgages, wealth, risk management and small business, according to a memo.

San Francisco 130

San Francisco Millennials Cards cryptocurrency 130

PYMNTS

MAY 29, 2020

FIs Or FinTechs: Who Will Power Banking’s Big Digital Shift? In a feature story, Uma Wilson, executive vice president and director of treasury management, card and bank product UMB Bank , discusses analyzing client behaviors throughout channels to find unusual activity. Retailing 2020: Five Things To Watch.

Maine 130

Maine ATM Innovation Millennials 130

PYMNTS

JUNE 7, 2019

Spencer McLain, vice president, EMEA at Whitepages Pro, told PYMNTS that these merchants will start seeing declines on European-based transactions if they are not exempt by falling under certain thresholds, or if they do not apply 3D-Secure authentication methods to verify card-not-present transactions.

Fintech 101

Fintech Study Online Retail 101

PYMNTS

SEPTEMBER 24, 2019

Legacy banks are similarly at work, with one major FI seeking to beat out FinTech competition by offering same-day access to credit card deposits. Millennials no longer rule the mobile services space. The Nigerian branch of pan-African banking group Ecobank has been working to serve SMBs with a faster payment system.

Mobile 246

Mobile Payments Apple Millennials 246

PYMNTS

JUNE 24, 2019

Razer, a gaming hardware company based in Singapore, has partnered with Visa to offer a prepaid card that will let the company’s 60 million users make payments all over the world, according to reports. The region is also the home to more than 213 million millennials.

Company 100

Company Online San Francisco Payments 100

Chris Skinner

FEBRUARY 3, 2017

As Antony Jenkins, former CEO of Barclays, aptly put it in a 2015 speech: “Over the next 10 years, we will see a number of very significant disruptions in financial services, let’s call them Uber moments” … Some analysts believe Fintech disruption could take as much as 10% to 40% of bank revenue and eliminate 1.7

Innovation 150

Innovation Millennials ATM Data 150

Gonzobanker

OCTOBER 5, 2022

Roughly a third of respondents said that mobile banking features like account alerts, fraudulent transaction disputes, card spending limits, chatbots, and digital account statements would make them “extremely likely” to switch banks. This article originally appeared in Shevlin’s Fintech Snark Tank on Forbes and is reprinted with permission.

Survey 78

Survey Mobile ATM Cards 78

Gonzobanker

OCTOBER 5, 2022

Roughly a third of respondents said that mobile banking features like account alerts, fraudulent transaction disputes, card spending limits, chatbots, and digital account statements would make them “extremely likely” to switch banks. This article originally appeared in Shevlin’s Fintech Snark Tank on Forbes and is reprinted with permission.

Survey 78

Survey Mobile ATM Cards 78

CB Insights

JULY 11, 2019

Today, there are over 20 fintech startups that have crossed the 1 million customer account mark, according to CB Insights data — including Acorns , Robinhood , SoFi , Coinbase , and Credit Karma , among others. oVER 20 Fintech startups with 1m+ customer accounts. fintech startups are Changing the consumer experience.

Fintech 64

Fintech cryptocurrency Examples Cards 64

PYMNTS

MARCH 2, 2020

For all the differences between finance and retail, that same overriding consideration around providing a better experience around a better value is now pushing its way into consumer-facing financial services. Among bridge millennials, Americans biggest earning and spending demographic, the figure jumps to 41 percent.

Innovation 222

Innovation Data System Mobile 222

Independent Banker

NOVEMBER 25, 2015

A mix of players, FinTech firms pose threats and opportunities. Call them disruptors, upstarts or the voguish FinTech companies. FinTech customers have no idea they are exposing themselves to identity and financial risk. Illustration by Getty images / Chris Ede. By Kelly Pike. Siphoning customers.

Community Bank 70

Community Bank Community Analytics Lending 70

Gonzobanker

NOVEMBER 16, 2023

Traditional financial institutions that want to compete with fintech disruptors like Chime and X (formerly known as Twitter) need to up their social media game. MeriTrust Credit Union promoted a pink plastic credit card during the recent release of the live-action Barbie movie.

social media 97

social media Marketing Millennials Trends 97

PYMNTS

DECEMBER 20, 2019

FinTech firms have reportedly been accusing banks of preventing access to the financial data of end-users. How Grocery Retail Will Evolve In 2020 . Visa says cybercriminals are using new strategies to steal credit card information from around the country. Fun, Cool and Otherwise Interesting.

Fraud 100

Fraud Trends Payments Retail 100

PYMNTS

JUNE 17, 2019

FPS was developed and piloted with the collaboration of a dozen Russian banks and payment service providers, including Alfa Bank, Gazprombank, Raiffeisenbank and TB, all of which belonged to the Fintech Association founded by the Central Bank of Russia. This means that the FPS implies equal rights and opportunities for all participants.”.

Payments 201

Payments System National Mobile 201

PYMNTS

DECEMBER 19, 2016

While they enjoy many FinTech innovations, most millennials don’t have a snowball’s chance of earning more than their parents — ever. It’s one thing for the millennial offspring of the billionaire hedge-fund scions to fall short of making a billion because they only manage to pull down $760 million a year. It’s a fact.

Millennials 100

Millennials Fintech Cards Groups 100

Insights on Business

FEBRUARY 27, 2019

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. Banks were very successful in selling point-of-sale equipment to brick and mortar retailers for payments.

Customer Experience 107

Customer Experience Mobile Millennials Examples 107

CB Insights

SEPTEMBER 10, 2019

While the media often portrays millennials as preoccupied with the rising prices of festival tickets and avocado toast, their real financial concerns are a bit more practical. Download the free report to find out how fintech is shaping the future of wealth management and investing. get the REPORT on next generation investors.

Millennials 77

Millennials Mobile Lending Cards 77

PYMNTS

APRIL 22, 2016

Other investors included Rakuten FinTech Fund, Greycroft Partners and e.ventures. Particularly favored as a potential marriage that makes sense is a pairing of Acorns with Venmo, since they share a target audience of millennials with a mobile-friendly outlook. Card-on-file was the most common “other” in this category.

San Jose 100

San Jose Mobile Retail Survey 100

PYMNTS

JANUARY 10, 2018

And when we talk about our world, we mean not just payments, but FinTech more broadly – and, even more broadly than that, commerce,” she said. In many ways, according to Neale, it was a traditional corporate accelerator model at launch. Efforts to mentor and develop those programs have borne fruit.

Company 194

Company Meeting Millennials blockchain 194

PYMNTS

JUNE 1, 2017

Millennials and Generation Y have grown up with cybercrime, the executive stated, and parents must have “another type of talk” with their kids: the online safety and security talk, as Volmar termed it. 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