FICO

JUNE 9, 2016

Millennials, now the largest demographic group in America, are possibly the most misunderstood, elusive market ever, a notion underscored by The Wall Street Journal ’s article about the existence of $20,000-per-hour “Millennial consultants.” Millennials reward positive fraud outcomes. At least not yet.

Millennials 40

Millennials Fraud social media Survey 40

PYMNTS

OCTOBER 30, 2019

Shoppers can quickly fall victim to eCommerce marketplace fraud, which led to bad actors to making off with a full $450 million in the U.S. This month’s Digital Fraud Tracker™ explores how technologies like artificial intelligence (AI) and machine learning are helping companies better defend their customers. About The Tracker.

Fraud 101

Fraud Millennials Resources Tools 101

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. A recent study found that 75 percent of this generation’s members visit financial institutions (FIs) at least once per month. Digital-First Banking’s Advantages. million.

ATM 151

ATM Fraud Study Regional 151

PYMNTS

JANUARY 3, 2020

According to a study by Aite Group , most student loan tuition payments are made via electronic check (ACH), followed by debit cards, which are favored by millennials and Gen Yers everywhere. In Q3 2019, credit card issuer JCB International Co., The writing is on the whiteboard: School’s out for paper payments.

Payments 130

Payments Millennials Cards Study 130

PYMNTS

MARCH 30, 2020

Debit cardholders often choose this payment method because it is more secure than carrying cash — which cannot be recovered if lost — and may safeguard them against spending more than they have, which is not the case with credit cards. Rising generations show a keen interest in debit cards, according to a new report.

Cards 165

Cards Security cryptocurrency Payments 165

PYMNTS

SEPTEMBER 17, 2019

This is the premise of PYMNTS’ new report, Consumer-Centric Authentication Study: Transforming the Consumer’s Digital Banking Experience, with a focus on preferences for authentication controls when banking via mobile. Using mobile card controls (63.5 How Consumers Currently Use Mobile Banking Apps. Most consumers (78.1

Mobile 187

Mobile Millennials Study Digital Banking 187

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

CB Insights

JULY 25, 2019

Fintech is often associated with digital tools targeted at tech-savvy millennials. They make up close to 25% of the total US population and are by far the wealthiest generation — and will continue to be so until at least 2030, according to a 2015 Deloitte study. . Fintech cos are trying to prevent fraud. Source: Deloitte.

Millennials 73

Millennials Fintech Tools Fraud 73

PYMNTS

OCTOBER 23, 2018

As well, digital billing can help reduce healthcare fraud and errors in the $3.5 Sending a paper statement to a millennial or leaving a voicemail is about as useless as a hamburger driving a vehicle,” Max Tselevich, CEO of The Doctor, a medical services management company, recently told a healthcare reporter. Digital Challenges.

blockchain 173

blockchain Study Case Study Fraud 173

PYMNTS

SEPTEMBER 30, 2019

The latest Payments and the Platform Economy study examines how marketplaces are responding to the counterfeit threat as well as how they are continuing to innovate the customer experience. trillion by 2020, which has prompted some online marketplaces to work on resolving fraud repercussions. Counterfeit fraud dollars for all U.S.

Online 101

Online Fraud Branding social media 101

PYMNTS

DECEMBER 28, 2018

Looking at the results of the CUs recently commissioned Eye on Payments study, consumers expect more heading into 2019, and meeting those expectations will be about more than advanced technology alone. Moreover, Lynch told PYMNTS, the fraud is coming across on all channels. So, they are just as covered by fraud liability.

Fraud 131

Fraud Mobile Security Cards 131

PYMNTS

FEBRUARY 27, 2018

As more millennials enter the workforce, passwords are going out the door. A recent study found that three-quarters of millennials report preferring the use of biometric solutions to log into device applications, while older generations still prefer using complex passwords for authentication. News From the Digital ID Space.

Security 110

Security Report National Millennials 110

PYMNTS

FEBRUARY 18, 2019

We had roughly 340 execs register to listen live to the two of us banter about the people, processes and tech necessary to do more than simply rebrand what’s typically described as the fraud and risk departments of digital platforms. Our own studies show that more than 14 percent of all consumers over the age of 18 living in the U.S.

Cards 169

Cards Course Study New York 169

PYMNTS

DECEMBER 24, 2019

Voice is the killer app of the connected commerce experience, according to the How We Will Pay: 2019 Edition study. The company has an option to transfer money to the bank without a debit card for the same fee. Discover announced that it will start issuing contactless cards over the next several months. Now, more U.S.

Cards 160

Cards Payments Study Examples 160

PYMNTS

JUNE 26, 2020

An Amazon customer typically makes payments using payment card data that the customer’s bank already has on file, for example, resulting in the same set of valuable information located in two places, both of which could be compromised in a data breach. Open Banking Prevents Data Exposure. Countering a Lack of Trust in Open Banking.

System 198

System Data Security Examples 198

PYMNTS

OCTOBER 9, 2019

The credit card penetration in Saudi Arabia is around 35 percent for the whole country — a country known for being one of the highest in the Arab region for eCommerce,” he told PMNTS. Among the main challenges? The reliance on cash in many of the markets served by UReed, Alhassan said.

Regional 122

Regional Trends Cards Millennials 122

PYMNTS

FEBRUARY 3, 2017

But while it may seem a little bit late in the game for American Express to make its grand entrance, the company has walked this ground before — it was the first card issuer to let Canadian cardholders make contactless payments via the Apple Wallet mobile payments platform. More than 70 percent of the U.S. A brighter, more mobile future?

Payments 100

Payments Mobile Apple Study 100

PYMNTS

JANUARY 1, 2019

When PYMNTS and Visa spoke to 2,800 consumers for the 2018 edition of the How We Will Pay study, working consumers were among the groups keenest to be paid faster. In September of this year, PayPal announced the launch of Funds Now , a program built to give merchants instant access to funds generated by card sales at their establishment.

Payments 198

Payments Industry Millennials Groups 198

PYMNTS

AUGUST 5, 2016

In that same span, payment with cards, mobile wallets and direct deposit tripled, and the trend is not expected to reverse itself anytime soon. Young people especially have stopped using checks, with a study from WePay reporting that 52 percent of millennials never use checks at all.

Payments 100

Payments Mobile Cards Fraud 100

Independent Banker

OCTOBER 29, 2014

A consensus says that the future banking customer relationships—particularly for millennial consumers—will orbit to one degree or another around mobile technology. Consumer studies the Boston firm has conducted indicate increasing mobile-banking adoption and awareness and use of mobile remote-deposit capture applications. Fees follow.

Mobile 105

Mobile Community Bank Community Technology 105

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. But millennials face significant headwinds in making those financial dreams a reality. get the REPORT on next generation investors. From big banks to big tech.

Millennials 77

Millennials Mobile Lending Cards 77

Tech and Finance

JUNE 14, 2018

June 14 Remitly Study Reveals 9 in 10 Immigrants in the U.S. . June 11 Extend’s Millennials Report Shows Only 11% Of Millennials Have A Business Credit Card From Their Employer. The survey also found that nearly 25% of participants borrow a colleagues’ business credit card to make business purchases. •

Survey 28

Survey Millennials Fraud Mobile 28

PYMNTS

JANUARY 14, 2021

Consumers may lack trust in the identity verification process during onboarding, according to one study. Researchers found that shoppers’ mistrust led to 54 percent choosing one-time guest checkouts, while 37 percent said they are less likely to keep card information on file and 21 percent reported reluctance to purchase more products.

Analytics 170

Analytics Data Study Millennials 170

FICO

MAY 1, 2020

And how will banks increase their fraud protections?”. Why P2P Payments Need Fraud Protection. The Journal article also quotes a Square study that found, in January through March of 2019, consumers used cash in 37% of transactions under $20, compared with 46% in 2015. How Banks Can Protect against P2P Fraud.

Fraud 69

Fraud How To Payments ATM 69

PYMNTS

NOVEMBER 27, 2019

The following Deep Dive outlines automation’s benefits, its potential ROI for implementing organizations and how these solutions can recruit millennial workers. . The process can also be costly: A recent study found the cost to process a single invoice is $10.08, and that processing that invoice takes an average of 8.3

Millennials 161

Millennials Payments Capital Technology 161

PYMNTS

JANUARY 2, 2017

The most recent Tracker featured several virtual reality (VR) headlines, as a study from Augment found that VR and augmented reality (AR) have the potential to transform the online retail industry, and the online retail player seemed to embrace the news, debuting a home design VR app. And the costs of these attacks could be severe.

Retail 123

Retail Millennials blockchain Mobile 123

Gonzobanker

DECEMBER 22, 2015

Now, to avoid any cue card and teleprompter issues, we’ll just go with the written list again this year. According to CardFlight, only 42% of MasterCard and 52% of Visa cards are chip-enabled due to backlogged card producers and payment processors. Millennials. And the winners are …. THE BANKING AWARDS. Tie: Money 2020.

Community Bank 60

Community Bank Apple Community Technology 60

Fintech Labs Insights

AUGUST 16, 2016

Early this summer, we started reviewing applications from companies excited to present their latest fintech tools, technologies, APIs, platforms, case studies, and tutorials at FinDEVr Silicon Valley 2016. OCR Labs combats risk and fraud for banking, financial, insurance, telco and government through its OCR, FR and verification technology.

Analytics 12

Analytics Data Fintech Case Study 12

PYMNTS

SEPTEMBER 11, 2017

The exhausted holiday shopper didn’t hate going to the mall because she had to swipe a card to buy stuff, and the line languisher didn’t get angry because they had to use a chip card to dip and pay. Millennials in their twenties who use P2P payments to split an Uber ride aren’t growing into 38-year-olds who do the same thing.

How To 159

How To Online Millennials Mobile 159

PYMNTS

JANUARY 7, 2019

The How We Will Pay study, done in collaboration with Visa and published last fall, made this point quite vividly. The consumers we studied in the How We Will Pay survey want the ability to buy things while doing other things: cooking, cleaning, watching the kids, watching TV, commuting, working, traveling. are now EMV-compliant.

Mobile 205

Mobile Innovation Apple Study 205