PYMNTS

NOVEMBER 6, 2019

bank account have access to Zelle in their mobile banking app,” Lou Anne Alexander, group president, payments solutions at Zelle operator Early Warning, said in a press release. Instant Payment Innovations. consumers can send money domestically through MoneyGram to a recipient’s eligible debit card.

Millennials 107

Millennials Payments Cards Survey 107

Bank Innovation

APRIL 25, 2018

EXCLUSIVE— Millennial and Gen Z-focused credit card provider Deserve has raised $50 million from the Keystone National Group, funding earmarked for the startup’s expansion of account receivables, the company announced today.

Millennials 199

Millennials National Groups Cards 199

PYMNTS

DECEMBER 1, 2016

More than one out of four millennials carry less than $5 cash with them. And according to another study, nearly 20 percent of millennials have not used cash in two months. With a fifth of millennials already rarely using cash, it is clear that this is happening relatively rapidly,” said Kalle Marsal, CMO of Mitek.

Millennials 100

Millennials Trends Study Groups 100

PYMNTS

APRIL 24, 2017

This week we saw scientists march, the French go to the polls and a $400 high-tech juicer turned out to be an innovation on par with something that everyone already has: their hands. The long-suffering team at American Express has a new headache to handle — losing the love of those millennial customers. Ready to jump in?

Millennials 109

Millennials Cards New York Branding 109

PYMNTS

JUNE 8, 2016

In a payments landscape that is ever-changing and rapidly growing, having a focus on innovation that takes that same approach is significant. As Peter Read , President of Peoples Card Services , recently pointed out to PYMNTS, needs are never static, and neither should the payments innovation aimed at addressing them.

Innovation 100

Innovation Millennials Cards Fintech 100

PYMNTS

JULY 13, 2018

In 1974, women won the right to apply for and control their own credit card with the passage of the Equal Credit Opportunity Act. It has made the millennial generation of women — either entering or settling into their prime spending years — something of a unique class of citizens when it comes to financial services.

Millennials 111

Millennials Tools Connecticut Study 111

PYMNTS

JULY 10, 2019

Product and eCommerce Innovation. Kohn said that he felt like Asian flavors were on trend after research, especially with millennial crowds and those in the demographic looking for out-of-the-box flavor profiles. Through the site, customers can pay with PayPal, Google Pay and card payments. The Meat Snack Market.

Innovation 140

Innovation Payments Millennials Retail 140

PYMNTS

AUGUST 4, 2017

However, if recent developments in the financial services industry are any indication, innovation waits for no institution, company, agency or, for that matter, Fed report. Many players in the financial services market were already launching innovative solutions without knowing which guidelines the Fed would recommend for the U.S.

Community Bank 116

Community Bank Community Innovation Millennials 116

PYMNTS

OCTOBER 1, 2019

The steady drumbeat of tech has brought purchasing from bills and coins to cards and contactless payments – done across all manner of devices and through pushes, taps, swipes and waves, at any time. Both groups show a similar interest in contactless payments – 43.4 percent of the bridge millennials and 42.2 percent, versus 25.9

Millennials 140

Millennials Payments Study Groups 140

PYMNTS

MAY 29, 2020

We have deep dives on Main Street’s digital shift, ATM innovation and PPP loans. Civilization has progressed enough that many of us know it’s wrong to demonize a group of people due to a personal characteristic, as it isn’t based on evidence or reason, and it simply shows base prejudice. Innovating The ATM Beyond Cash.

Maine 130

Maine ATM Innovation Millennials 130

PYMNTS

JANUARY 16, 2020

Millennials have matured financially, but many remain wary of using traditional credit to buy even routine or small-ticket items. Younger demographics are searching for retailers that grant numerous product options and payment methods as they continue to eschew credit cards and loans. How Millennials Are Driving BNPL Growth.

Millennials 130

Millennials Mobile Retail Branding 130

PYMNTS

DECEMBER 31, 2019

Might the coming year be marked by innovation at the point of sale (POS)? shoppers “finally [beginning] to embrace mobile payments and contactless cards to pay in-store.”. That shift will be driven, in part, by more card issuance from banks, said Garg. Here Come The Millennials.

eBook 170

eBook Millennials Cards Survey 170

PYMNTS

DECEMBER 9, 2019

Statistical swarms of millennials and Gen Zers report never having used a paper check. This group championed P2P a few years ago when it felt too risky and un-bank-like for a paper-centric world. As younger millennials and Gen Zers quickly become dominant in the workforce, ideas around banking and payments will change more rapidly.

Millennials 130

Millennials New York City National New York 130

PYMNTS

SEPTEMBER 18, 2018

And in lending, with the financial crisis in the rearview mirror, a decade on, invention – okay, innovation – has become a hallmark, at least in some corners. Mortgages and Credit Cards and Student Debt…. As many as 66 percent of them have credit cards, and 79 percent of them live paycheck to paycheck. Mortgages ?

Lending 148

Lending Innovation Fintech Cards 148

PYMNTS

FEBRUARY 20, 2020

Yet, what if these companies extended their presence into banking by offering accounts that improved the way consumers use and manage their credit cards and debit accounts? For the Building A Better App: Banks And The Innovation Imperative Report , a collaboration with Ondot , PYMNTS surveyed more than 3,000 U.S. In fact, 24.3

Cards 146

Cards Data Management Mobile 146

PYMNTS

DECEMBER 24, 2020

Millennials have shown remarkable interest in these solutions, which allow consumers to finance purchases with specific terms when they check out online. Millennials lead in the early adoption of BNPL, especially older “ bridge millennials ,” or those aged 32 to 41 who tend to have more purchasing power than their younger counterparts.

Payments 260

Payments Millennials Survey Trends 260

PYMNTS

OCTOBER 16, 2019

Today in the payment’s news roundup, Goldman Sachs CEO David Solomon said there has been a lot of demand for Apple Card as of its launch in August. Goldman CEO Boasts Of High Apple Card Demand. Goldman Sachs CEO David Solomon noted that there has been a lot of demand for Apple Card as of its launch in August.

Apple 108

Apple Cards San Francisco Payments 108

PYMNTS

JUNE 16, 2016

It’s no wonder why retailers love gift cards – they are known to drive foot traffic, increase revenue, boost their customer base and complement retention efforts. But as consumers continue to move toward a digital option for their gift card needs, could a retailer’s dream turn into an actual nightmare?

Retail 100

Retail Cards Fraud Data 100

PYMNTS

FEBRUARY 4, 2020

By the end of 2020 four in 10 shoppers worldwide will belong to Gen Z, the consumer group born more or less between 1996 and 2010. A bit younger than their millennial siblings and cousins, they’ve grown up totally mobile, and have idiosyncrasies that make them unique. Know Your Customer’s Preferences.

Millennials 130

Millennials Fraud Groups Payments 130

PYMNTS

SEPTEMBER 16, 2019

And so a sheepherding innovation – and new vocabulary word – was born. 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. This group of 60 million U.S. consumers shop and pay — today and in the future.

Millennials 222

Millennials Study Course Trends 222

PYMNTS

OCTOBER 1, 2019

Fraud has become particularly problematic in the United Kingdom, where last year card-based losses increased by 19 percent compared to the previous year. bank found that one group, in particular, is most vulnerable to fraudsters’ scams. 14 under the EU-wide revised Payment Services Directive (PSD2).

Fraud 156

Fraud Millennials Regulation Trends 156

PYMNTS

NOVEMBER 6, 2020

Membership has its privileges ” was the nine-year marketing campaign rolled out by American Express in 1987 to convince consumers that it was worth paying a yearly fee for one of its charge card offerings. Millennials Drive More to Faster Payments . NEW DATA: Five Payments Innovations for Winning the Digital-First Shopper.

Online 148

Online Payments Millennials Apple 148

PYMNTS

AUGUST 26, 2019

Also, Kohl’s is teaming up with Facebook to capture the attention of millennials, and world bankers met to discuss whether a new cryptocurrency would be better than relying on the dollar as a global reserve company. Kohl’s to Tap Into Facebook Data to Create Millennial Clothing Line. Trending: The New Face of Kiosk Retail.

US 109

US Millennials cryptocurrency Fraud 109

PYMNTS

MAY 11, 2020

That fact is increasingly underlined in a variety of data streams: recent PYMNTS consumer surveys, the earnings reports of the card networks, early information on how stimulus funds are being spent – they all tell the same story of consumers tightening their belts and shifting away from discretionary spending and toward necessities.

Millennials 228

Millennials Retail Groups Survey 228

PYMNTS

MAY 12, 2020

There was a time when consumers did not require much more from their local bank than a checking account, savings account and an ATM card. Consumers are paying with credit and debit cards more than ever before, and they are increasingly looking to their smartphones to gain greater control over how they spend and manage their money.

Regional 241

Regional National Cards Mobile 241

PYMNTS

NOVEMBER 26, 2018

Amid this market, chains such as Thorntons and 7-Eleven are innovating to meet the needs of modern-day consumers, as companies including GasBuddy and P97, among others, are seeking to make gas station trips more convenient through improved loyalty and reward programs and connected car payments, among other offerings. “You

Marketing 153

Marketing Mobile Millennials United States 153

PYMNTS

NOVEMBER 2, 2020

“ Membership has its privileges ” was the nine-year ad campaign launched by American Express in 1987 to persuade consumers that it was worth it to pay an annual fee for one of its charge card products. As the slogan implied, being an American Express card member was the only way to unlock those benefits. Those are the 47 million U.S.

Millennials 246

Millennials Retail Online Report 246

PYMNTS

JANUARY 29, 2019

That’s reflected in data (this is Data Drivers, after all) from the Credit Union Innovation Index , a joint effort between PSCU and PYMNTS. PYMNTS and PSCU found that 59 percent of credit union members said they want innovation, though it wouldn’t necessarily sway them to choose one CU over another. Clearly, the model has its appeal.

Innovation 176

Innovation Fintech Data Community 176

PYMNTS

JUNE 26, 2020

said John Elliott , head of open banking at banking and wealth management group Investec. What we are seeing [is] continual innovation in terms of services and offerings for corporates and for individuals that are being built utilizing open banking rails.”. Open Banking Prevents Data Exposure.

System 198

System Data Security Examples 198

PYMNTS

DECEMBER 27, 2019

Early innovators managed cooperatives using the same founding principle that CUs use today: members-first finance in place of indifferent, legacy-style banking. Strong balance sheets in key areas like credit card debt ($64.4 The Shore Porters Society. Fenwick Weavers’ Society. A Small Change It’s Not. billion), car loans ($382.9

Digital Banking 130

Digital Banking Millennials Banking Trends Mobile 130

PYMNTS

JULY 15, 2016

Brad Fauss, CEO of the National Branded Pre-Paid Card Association and MPD CEO Karen Webster dug into the potential for these rules to create the kind of inconsistencies that could very well disadvantage the very consumers that the CFPB intended to protect. Who Uses Prepaid Anyway? So far, so good.

Cards 100

Cards Millennials Regulation Cyber Security 100

PYMNTS

FEBRUARY 24, 2020

Millennials are also more likely to go the do-it-yourself (DIY) route than consumers from other age groups. Almost three quarters — or 73 percent — of millennials are doing DIY home improvement. For payments, the company accepts credit cards or debit cards through its website, and it uses Stripe for processing.

Tools 146

Tools Milwaukee Millennials social media 146

PYMNTS

SEPTEMBER 15, 2017

As LendUp CEO Sasha Orloff and Beneficial State Bank Co-CEO Kat Taylor told PYMNTS in a recent interview, banks and FinTechs need each other, and a very large segment of the population living on the margins of financial services in the United States need these two groups to work together as well. “I It has a higher interest rate – 19.99

Fintech 198

Fintech System Lending Cards 198

PYMNTS

JULY 23, 2018

Or are the 27 percent of the population — those high-income Bridge Millennials and Gen X-ers with college degrees who are steps away from financial catastrophe — happy, even if they do report feeling more positive about the stability of their financial situation than they did this time a year ago? Are the more than a third of U.S.

Cards 122

Cards Groups Report US 122

PYMNTS

DECEMBER 21, 2020

You can see it in how investors are putting money to work in both consumer-facing and B2B startups, and how startups and incumbents are forging new partnerships to move innovation faster to market. And since iPhone users skew more to the affluent, it also denied those innovators the opportunity to monetize their spend. 23-25, 2020.

Apple 227

Apple Study Innovation Survey 227

PYMNTS

OCTOBER 9, 2019

Customers can pay for their subscriptions by PayPal , credit card or debit card. The group notes that “it is the only beverage commonly served hot or iced, anytime, anywhere, for any occasion.” Berthelsen noted that some four out of five Americas drink tea, as do 87 percent of millennials. The Target Market.

Millennials 103

Millennials Innovation America Cards 103

Abrigo

OCTOBER 15, 2014

Groupe BPCE, France’s second largest bank (by customers), has utilized the API of the global social media giant Twitter to allow their customers to transfer money via a tweet. This is certainly an interesting innovation, but many bankers may be asking themselves if it’s a practical one.

social media 150

social media Apple United States Innovation 150