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.

Fraud 101

Fraud Millennials Resources Tools 101

PYMNTS

JULY 30, 2019

Such tools are no longer at the far reaches of the universe, and today’s technologies would make the Enterprise’s crew feel right at home. Wingstop, a fast-casual buffalo wings chain with 1,031 locations worldwide, tends to be an early adopter for new technologies. Orderscape is also working on voice-activated ordering technologies.

Technology 119

Technology Mobile Google Software 119

Jeff For Banks

APRIL 4, 2024

Consumer Demographics and Changing Customer Demands Remember all the pre-pandemic talk about millennials? You couldn't go to a conference without every presenter having millennial this or millennial that on their slide decks. Now the oldest millennial is 43 (see table by Statista).

Banking Trends 115

Banking Trends Trends Millennials Oregon 115

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

MARCH 3, 2020

Even millennials , who heavily lean on remote banking, still visit physical bank locations for more complex functions, such as loan applications. Banks looking to make the most out of these rare visits must use the latest technologies. BMO Harris is one bank enjoying the improved efficiencies that come with digital-first banking.

ATM 151

ATM Fraud Study Regional 151

PYMNTS

DECEMBER 12, 2016

Gift cards may seem a logical answer. What happens if you buy a card from a store that’s not exactly right for that person? Stuck is stuck, with a tight smile of thanks, and perhaps that card is left in a drawer. Stuck is stuck, with a tight smile of thanks, and perhaps that card is left in a drawer. But not brand.

Cards 100

Cards Mobile Branding Retail 100

PYMNTS

AUGUST 23, 2019

Corporate eCommerce card company Brex recently announced a partnership with leading SaaS eCommerce platform BigCommerce. Trending: Meeting The Millennial Need For AI-Powered Visual Shopping. Fraud remains an ever-present challenge, however, and marketplaces worldwide are deploying new defenses. .

Marketing 116

Marketing Millennials Payments Compliance 116

PYMNTS

JANUARY 22, 2020

But as a new webinar from PYMNTS showed, retail success is not exactly some mysterious process; it simply requires close attention to changing consumer trends and new technologies, including those centered around payments. They were born into a world with this technology and access,” Parsons said. Trust Issues.

Retail 137

Retail Millennials New York City social media 137

CB Insights

JULY 25, 2019

Fintech is often associated with digital tools targeted at tech-savvy millennials. Fintech cos are trying to prevent fraud. For example, Figure Technologies , a fintech company focused on combining home equity and blockchain technology, targets customers who are generally over the age of 50 and “cash light and rich in equity.” .

Millennials 73

Millennials Fintech Tools Fraud 73

PYMNTS

DECEMBER 6, 2019

Payments technology company Payoneer announced updates to its cross-border payments solutions enabling support for small- to medium-sized businesses (SMBs) in the U.S. The solutions help SMBs compensate international gig workers through credit cards, digital checks and local bank transfers. Around The Next-Gen Payments Landscape.

Tools 186

Tools Payments Millennials Strategy 186

PYMNTS

SEPTEMBER 17, 2019

Impending 5G technology holds a great deal of promise for many industries, especially for financial institutions. Using mobile card controls (63.5 percent of seniors pay bills via mobile app, while Generation X consumers and bridge millennials are on the opposite side of the spectrum. Most consumers (78.1

Mobile 187

Mobile Millennials Study Digital Banking 187

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

JUNE 7, 2017

The latest Expectations & Experiences consumer trends survey from Fiserv , a leading global provider of financial services technology solutions, finds that consumers are paying more bills from mobile devices while slowly starting to venture into digital wallets.

Survey 115

Survey Mobile Millennials Cards 115

PYMNTS

SEPTEMBER 24, 2019

Digital banks , for one, are teaming up with technology providers to accelerate settlement times for payments collected at the point-of-sale (POS). 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.

Mobile 246

Mobile Payments Apple Millennials 246

PYMNTS

MAY 10, 2018

Go back to the first big change in cashier technology, he told PYMNTS, and “the fact that cash registers could even accept integrated payments was a huge change,” he said. Yet integrated payments technology was prohibitively expensive for smaller firms, costing, as it did back then, several thousand dollars on average.

National 130

National System United States Fraud 130

PYMNTS

OCTOBER 1, 2019

It’s not hard to find experts who predict that, even with the new date, gas stations will fail to comply with the deadline, which is set by card networks. The number of EMV payment cards in circulation around the world stands at more than 7.1 However, that’s not necessarily the case at U.S. That’s one part of the EMV story for U.S.

Innovation 167

Innovation Customer Experience Retail Operations 167

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

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

SEPTEMBER 21, 2018

Cybercriminals are finding new fraud opportunities as consumers turn to connected channels to manage their bank accounts. million Americans experienced fraud in 2017, and roughly 30 percent were notified of a data breach last year — a 12 percent increase over 2016 — as bad actors stole nearly $17 billion from unwitting victims. “We

Fraud 100

Fraud Security Cards Mobile 100

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

AUGUST 11, 2017

Over-the-top (OTT) media services started as an alternative for millennials who didn’t want to (and often couldn’t) pay $150 per month for a bloated cable package full of channels they didn’t want just so they could watch a few shows they cared about. Free trials have long been an invitation for a “bicycling” pattern of fraud.

Millennials 100

Millennials Fraud Video Company 100

PYMNTS

OCTOBER 31, 2019

Smartphones and connected technologies are becoming increasingly symbiotic in many consumers’ retail experiences. However, as connected technologies offer new linking opportunities for consumers and retailers, online merchants are facing new adversaries in the fight against fraud. Building Trust Up Front.

Fraud 100

Fraud Retail Online Meeting 100

PYMNTS

OCTOBER 8, 2019

The Millennial Challenge. Among the greatest opportunities for CUs lie some significant challenges, too — namely, tapping into and serving the financial needs of millennials. Pairing those strengths with robust credit card offerings, he said, helps CUs market a full suite of financial offerings that are comparable to marquee FIs.

United States 102

United States Millennials Course Lending 102

PYMNTS

SEPTEMBER 30, 2019

trillion by 2020, which has prompted some online marketplaces to work on resolving fraud repercussions. Millennials and Gen Z are driving the growth of the secondhand market and eCommerce, generally. Both are generations that have grown up with technology and feel comfortable using it to purchase products at all price ranges,” he said.

Online 101

Online Fraud Branding social media 101

PYMNTS

MAY 31, 2017

Debit cards, default cards, banks both bricks-and-mortar and digital. Bank, said that cash remains the most common method of transactions and “what’s amazing about that is that millennials are the most likely users of cash. Debit card usage is habit-driven, he said, and habit has grown roots over the last several years.

ATM 100

ATM Millennials Cards Management 100

PYMNTS

MAY 28, 2019

Indonesian ride-hailing and online payment company GO-JEK , for instance, is expanding its financial technology services through partnerships with peer-to-peer (P2P) lending firms Dana Cita, Aktivaku and Findaya. billion – of funds were lost to card fraud in 2018, up from $1.4 Just under $3 billion – or $2.7 billion in 2017.

Apple 159

Apple Mobile Fraud Branding 159

BankBazaar

JUNE 3, 2020

Considered to be a more nimble version of old-fashioned banking, neo-banks appeal to a more digital-savvy generation like millennials. Traditional banks have many limitations when it comes to offering digital solutions for a targeted audience starting from technological infrastructure to banking regulations. Explore BankBazaar.

Regulation 127

Regulation Cards Millennials Maine 127

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

JUNE 27, 2019

Fraudsters are finding new ways to slip past technological defenses, which leaves banks constantly upgrading the tools used to keep them out. Banks and payment players are adopting new technologies to keep customer data safe. California-based FinTech Binji has just come out of stealth mode with a new consolidated card.

Customer Experience 109

Customer Experience Digital Banking Innovation Security 109

PYMNTS

NOVEMBER 8, 2017

Millennials are taking a mobile-first approach to banking, driving that transformation. However, older populations — and even millennials — still need the services provided by bank branches. One such advance has been the ability to transact without swiping a card. Demographics are changing in the U.S.,

ATM 126

ATM Strategy Mobile Millennials 126

PYMNTS

MAY 29, 2020

How are CUs utilizing videoconferencing capabilities on interactive teller machines (ITMs) to maintain their branch operations during the pandemic, and how is biometric technology helping them offer more secure, quicker and touchless ATM services? Millennials Are Facing Their Second ‘Once-in-a-Lifetime’ Financial Crash .

Maine 130

Maine ATM Innovation Millennials 130

PYMNTS

JULY 24, 2019

They must protect both buyers and sellers against fraud, make sure payments are prompt and — most of all — ensure they are keeping the experiences unique, John Boris, CEO of experience marketplace IfOnly , told PYMNTS in a recent interview. And it’s not just millennials. People want to create memories derived from experiences.”.

Case Study 110

Case Study Study Mobile Millennials 110

PYMNTS

MAY 13, 2019

So, it is in banking with fraudsters and their victims, where attacks leverage weak points inherent in existing technologies and processes. Separation and authentication of those transactions are critical, he said, in an age where banks want to tap into a demographically desirable population: millennials.

ATM 134

ATM Mobile Security Online 134

PYMNTS

SEPTEMBER 15, 2017

According to Orloff, LendUp and Beneficial State came up with the idea to offer a socially responsible credit card product several years ago, but it only came to market this spring. Millennials , she noted, tend to enter the credit system with a bang once they start having families. It has a higher interest rate – 19.99 percent to 29.99

Fintech 198

Fintech System Lending Cards 198

PYMNTS

MARCH 8, 2018

Therefore, First American works with clients to educate them about PCI compliance, customer service, security options — such as point-to-point encryption and tokenization — and merchant fraud and chargebacks, which the EVP said are merchants’ Achilles’ heel. Do you have any concerns about the direction the payments industry is going?

Innovation 112

Innovation Security Industry Fraud 112

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. But it is our technology that creates all those sophisticated rates. Travel platforms are enabling more online bookings than ever, and 83 percent of U.S.

Industry 168

Industry New York City Online Security 168

PYMNTS

OCTOBER 23, 2017

Although some customers ( millennials : cough, cough) may value convenience above all else, that youthful sense of fiscal invincibility does not extend to their elders, who place a higher premium on transaction security. Millennials may be less concerned with risk. After all, there’s a reason the value is higher.

UX 116

UX Security User Experience Millennials 116