Let's Talk Payments

MAY 24, 2016

Survey finds that high-income and millennial consumers have the highest credit card usage in income and age categories, and most in favor of paying in installments New York, NY—May 23,

Survey 74

Survey Cards New York Millennials 74

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

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

Gonzobanker

APRIL 4, 2024

While valuation at many fintechs has dropped since 2022, Chime has bucked the trend. Bloomberg recently reported that Chime, the leading fintech neobank, is planning to go public in 2025. According to a July 2023 survey of U.S. According to a July 2023 survey of U.S. of Millennials, 7.5% Is it ready for an IPO?

Comparison 93

Comparison Fintech America Survey 93

Gonzobanker

OCTOBER 5, 2022

Bankers are obsessed with discovering the “secrets” of getting consumers to change banks, while market researchers feed that obsession with survey data that purports to reveal those secrets. Sadly, bankers are barking up the wrong tree, and most surveys do little to help those bankers understand consumers’ real behaviors and attitudes.

Survey 78

Survey Mobile ATM Cards 78

Gonzobanker

OCTOBER 5, 2022

Bankers are obsessed with discovering the “secrets” of getting consumers to change banks, while market researchers feed that obsession with survey data that purports to reveal those secrets. Sadly, bankers are barking up the wrong tree, and most surveys do little to help those bankers understand consumers’ real behaviors and attitudes.

Survey 78

Survey Mobile ATM Cards 78

FICO

AUGUST 19, 2022

Tackling the Fintech Threat: A Guide for Banks and Credit Unions. What financial institutions need to compete with fintech threat disrupters. As FinTech funding rises to new record levels – $131.5 According to a 2022 report by Cornerstone Advisors , the percentage of Gen Z, Millennial, and Gen X consumers in the U.S.

Fintech 52

Fintech Millennials Lending Tools 52

PYMNTS

DECEMBER 9, 2019

That’s particularly shocking because surveys now place around 73 percent of B2B decision-makers between the ages of 23 and 38 – and nearly 30 percent of people in this age range have never seen the inside of a bank. Statistical swarms of millennials and Gen Zers report never having used a paper check. Embarrass­­­ing, sure.

Millennials 130

Millennials New York City National New York 130

PYMNTS

SEPTEMBER 16, 2019

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. Bridge millennials own slightly more devices than the average consumer in our study: six devices compared to the roughly five that most consumers own. This group of 60 million U.S.

Millennials 222

Millennials Study Course Trends 222

PYMNTS

JUNE 22, 2017

Nearly a third of consumers today make purchases from brands that reflect their social and environmental values, according to a recent survey. With every purchase you make through your Aspiration debit card, your score changes,” Cherny said. The Right Tool for Millennial Shoppers? Shining a Light on Sustainable Opportunity.

Millennials 117

Millennials Digital Banking Survey Tools 117

PYMNTS

MAY 1, 2020

A digital-loving millennial, John, searches our website to find the type of account he wants and chooses to open it online,” Vas Nunes said. “As When members first join, and as they complete various transactions with us or open a new product, we have the capabilities to survey them based on their experience,” Vas Nunes said. “We

Arizona 159

Arizona Security Cards Phoenix 159

PYMNTS

SEPTEMBER 18, 2018

The rise of FinTech offers a bit of a prism through which to view those events. Mortgages and Credit Cards and Student Debt…. Outstanding credit card debt is at the second highest point seen since the end of 2008, and total outstanding debt stands at $1 trillion. The trigger for the look back has of course has been the Sept.

Lending 148

Lending Innovation Fintech Cards 148

PYMNTS

MARCH 3, 2020

Even millennials , who heavily lean on remote banking, still visit physical bank locations for more complex functions, such as loan applications. Features such as these allow customers to perform a range of banking interactions that would be impossible at traditional ATMs, such as opening accounts and obtaining new credit cards.

ATM 151

ATM Fraud Study Regional 151

PYMNTS

FEBRUARY 27, 2019

Millennial consumers probably wouldn’t be so generous. But data shows that what consumers increasingly do want is money pushed to them via the alias known as the debit card. Roughly 84 percent of consumers surveyed prefer the debit card to a mobile phone number or email alias. on a scale of 100.

US 134

US Cards Millennials Payments 134

PYMNTS

OCTOBER 5, 2017

The fight for dominance in the person-to-person (P2P) payments market has escalated over the past few weeks, with banks and credit unions rolling out a new service to help them compete with newer FinTech companies. Selling Parents (And Their Millennial Kids) on P2P. billion during the first half of 2017.

Millennials 100

Millennials social media Survey Payments 100

Gonzobanker

JULY 27, 2018

Power 2018 Retail Banking Satisfaction Survey—which did not include any digital-only banks or Fintech providers—found that the most satisfied customers regularly use both branch and digital channels (823 score of a possible 1,000), followed by branch-only users (801), with digital-only channel users the least satisfied (791).

Study 78

Study Survey Millennials Online 78

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. The survey results reveal that PayPal converts online buyers 87.5

San Jose 100

San Jose Mobile Retail Survey 100

Gonzobanker

JULY 31, 2017

In the past two weeks, PayPal has signed agreements with Chase, Citi and Bank of America, in addition to expanding its deal with Visa to issue Visa debit cards in Europe. What’s ironic is that not long ago, PayPal was listed as the most popular mobile wallet among Millennials. Mid-Size Financial Institutions Must Pivot, Too.

Samsung 69

Samsung Apple Mobile Online 69

NCR

OCTOBER 3, 2017

A Global Consumer Banking survey by Ernst & Young showed that innovating customer experience in a similar fashion to how fintech organizations have, is one of the four critical areas where legacy banks must focus their investments and efforts to restore their central place in the lives of consumers. Building AI relationships.

Millennials 40

Millennials Customer Experience Meeting Innovation 40

PYMNTS

SEPTEMBER 6, 2016

Payments had been relatively static with innovation around cash, checks and credit cards. In the last four years, we’ve had the adoption of bitcoin, Samsung and Apple Pay and the explosion of FinTech,” said Jenkins. Of course, it’s not just the FinTech industry and tech-savvy millennials who are fueling digital change.

Security 100

Security CA Payments Big Data 100

PYMNTS

MAY 30, 2016

Nearly 40 percent of SMBs surveyed had (or were in the process of) deployed EMV, with another third planning to do so in the next 12 months. Individuals who may not have traditional access to credit — millennials, immigrants, the unbanked, etc. — Get all of the details here. Online Checkout Conversion. Digital Banking.

Trends 100

Trends Retail Fraud Mobile 100

PYMNTS

JUNE 27, 2019

This offering is the latest set of APIs made available to issuers and FinTech firms via the Visa Next “digital-first” platform offering. trillion market in 2017 growing at twice the rate of credit cards. In Canada, 41 percent of cardholders surveyed said they would consider using installment payments on purchases of $500 or more.

Lending 188

Lending User Experience Cards Fintech 188

PYMNTS

NOVEMBER 18, 2019

Smart, because if successful, these accounts could become the cornerstone for the everyday app ecosystem that every Big Tech and FinTech player has its sights set on developing – which WeChat and Alipay have already created with great success in China. 4, ahead of PayPal and Amazon. player today has all of those capabilities.

Google 177

Google Study Payments Branding 177

Gonzobanker

DECEMBER 22, 2015

Now, to avoid any cue card and teleprompter issues, we’ll just go with the written list again this year. Disruptus Interuptus Award for fintech providers trying to beat the system that said, “Ah heck, let’s just sell and join the system”: Tie: Novelty media darling SmartyPig (SocialMoney) acquired by bank vendor Q2 for $10M.

Community Bank 60

Community Bank Apple Community Technology 60

Fintech Labs Insights

JULY 22, 2015

At the upcoming FinDEVr , 60 leading fintech companies will present their developer-friendly APIs, SDKs, and other solutions to an audience of financial builders and their technical colleagues. It’s the one place to gather tips and techniques from a wide cross section of fintech players in just two days, all at an affordable price.

San Francisco 12

San Francisco Video Fintech Data 12

PYMNTS

JUNE 4, 2020

Vaduvur Bharghavan , president and CEO of card services platform OnDot , recently talked with Karen Webster about what financial services will look like in the post-pandemic world — and why things will be very different than what came before. That messaging also includes a pitch for apps as a way to better manage a card.”.

Mobile 141

Mobile UX Cards Payments 141

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. Fintech innovations, including contactless payments, mobile financial services, and loan and insurance tech have all been climbing steadily for years.

Industry 101

Industry Technology Online Video 101

CB Insights

MARCH 2, 2018

Millennials account for one-third of India’s population. Other shoppers paid for purchases using online wallets that could be topped up at brick-and-mortar stores or pre-paid cards. To help improve payment options and drive more marketplace sales, Amazon invested in gift card solutions company QwikCilver Solutions in Q4’14.

Regional 68

Regional Retail Marketing Online 68