PYMNTS

FEBRUARY 19, 2020

Corporate buyers can pay more rapidly online with credit cards, benefitting sellers, and enjoy easy access to detailed, searchable information to guide their purchasing decisions. B2B sellers know they must offer eCommerce sales channels if they want to appeal to today’s corporate buyers — many of whom are millennials.

Mobile 197

Mobile Online Payments Tools 197

PYMNTS

JANUARY 14, 2020

Peer-to-peer (P2P) payments and mobile wallets, among other payment methods, are gaining traction among Gen Z consumers, which means banks, credit unions and players in the payments space need to up their game to best serve those younger shoppers and financial services users. And it’s not only credit products that are in play, he said.

Innovation 160

Innovation Payments Millennials Cards 160

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. Report: Millennials, Buy Now Pay Later And The Shifting Dynamics Of Online Credit.

Trends 175

Trends Fraud Millennials Community Bank 175

PYMNTS

JANUARY 8, 2021

Research indicates that consumers are recovering some of their financial confidence, with one report predicting a 64 percent year-over-year increase in new credit card applications in 2021. Another study predicted that the P2P lending market will reach nearly $559 billion by 2027 due to this expanded interest.

Lending 163

Lending Examples Tools Meeting 163

Independent Banker

OCTOBER 29, 2014

Finding the right place, at the right pace in a volatile and uncertain mobile marketplace. Research and everyday observation show how consumers are increasingly using mobile technologies. But how far are they willing to go to do their banking on small mobile devices? By Collin Canright. Ed Bachelder, payments consultant.

Mobile 105

Mobile Community Bank Community Technology 105

PYMNTS

OCTOBER 29, 2020

They’re more concerned for protecting their health, they're working remotely, they’ve relocated most of their commerce lives online and on mobile — the list goes on and on. The Upgrade card isn’t a revolving credit product like most of its competitors. The pandemic has changed all kinds of things about consumers.

Cards 245

Cards Lending Millennials Payments 245

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. Consumers who do not qualify for credit cards or become reluctant to use those tools may see BNPL plans as a convenient alternative method for deferring payments.

Payments 185

Payments Tools Retail Cards 185

NCR

FEBRUARY 17, 2016

Millennials are broke, burdened with too many college loans and living in their parents’ basements. In fact, Millennials ( who most define as those born between 1980 and the mid 2000s) contribute $1.3 In fact, Millennials ( who most define as those born between 1980 and the mid 2000s) contribute $1.3

Millennials 40

Millennials Study Mobile Training 40

Gonzobanker

OCTOBER 5, 2022

A consumer study from S&P Global—which asked mobile banking users which mobile banking features might get them to switch banks—reveals the contradictory responses consumers often provide. So why aren’t millions of mobile banking customers switching to those banks? SOURCE: S&P GLOBAL. Why Did the Switchers Switch?

Survey 78

Survey Mobile ATM Cards 78

Gonzobanker

OCTOBER 5, 2022

A consumer study from S&P Global—which asked mobile banking users which mobile banking features might get them to switch banks—reveals the contradictory responses consumers often provide. So why aren’t millions of mobile banking customers switching to those banks? SOURCE: S&P GLOBAL. Why Did the Switchers Switch?

Survey 78

Survey Mobile ATM Cards 78

PYMNTS

DECEMBER 19, 2019

India is still largely cash-based and its adoption of credit cards is low — just 3 percent of the population uses an alternative to physical money. The app-based platform uses mobile technology and artificial intelligence (AI) to partner with over 3,000 merchants, up from roughly 800 in late April. .

Fintech 130

Fintech Millennials Online Lending 130

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. Traditionally, he said, CUs have been well known when it comes to auto lending, and they have been making inroads into mortgage lending.

United States 102

United States Millennials Course Lending 102

PYMNTS

DECEMBER 28, 2018

These secretly vulnerable consumers, Webster noted, often use debt to make ends meet, either on credit cards or through alternative vehicles like online lenders. The rising rates have not only made debt more expensive, but they have been a weight on loan growth across both bank and FinTech lending platforms in the back half of the year.

Millennials 145

Millennials Lending System Data 145

PYMNTS

AUGUST 4, 2017

With various banks and FinTechs producing innovative solutions — like mobile banking and P2P tools aimed at improving the speed of payments — the pressure is on for community banks to keep up. interactions per month with their banks using digital channels, including through online and mobile banking. faster payment system.

Community Bank 116

Community Bank Community Innovation Millennials 116

PYMNTS

DECEMBER 27, 2019

Strong balance sheets in key areas like credit card debt ($64.4 Specifically, the metamorphic impact of mobile open banking and instant payments has been the first real test of the trust bond that holds CUs together. billion), car loans ($382.9 billion) and mortgages find most credits unions on solid footing as 2020 begins.

Digital Banking 130

Digital Banking Millennials Banking Trends Mobile 130

PYMNTS

MAY 29, 2019

Over the last year, we’ve worked aggressively to grow SoFi from a desktop lending business to a broad-based, mobile-first financial platform enabling members to borrow, save, spend, invest and protect their money,” said Anthony Noto, CEO of SoFi. billion in 2018, up from under $1 billion in 2013. percent annual percentage yield.

San Francisco 116

San Francisco Capital Millennials cryptocurrency 116

Bank Innovation

MAY 1, 2016

Robinhood: On Target Launched in December 2014, Robinhood is a zero-fee stock trading app that quickly gained popularity among financially ambitious millennials. Robinhood was paid the enormous compliment of having “cracked the millennial code” by none other than Jay Sidhu, CEO of Customers Bank and founder of BankMobile.

Millennials 240

Millennials social media Operations Cards 240

PYMNTS

MAY 31, 2017

Debit cards, default cards, banks both bricks-and-mortar and digital. Ours is not yet a digitally dominated world, as the slow uptake of payments by mobile wallet confirms. 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.

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

CB Insights

AUGUST 2, 2018

One of the biggest trends in fintech today is the rise of digital banking products like mobile checking accounts and new debit cards. From Square to Paypal, a host of fintechs are creating products that let consumers spend money directly out of digital accounts using a physical card. get the 86-page fintech report.

Cards 71

Cards Fintech UX Strategy 71

PYMNTS

FEBRUARY 3, 2017

While it still may be a rarity for American consumers to see other shoppers whip out their smartphones and pay with a tap against a mobile point-of-sale (mPOS) terminal, that’s not the case for their neighbors to the north. Amex Pay, like Apple Pay, allows Android mobile phone users to complete transactions this way.

Payments 100

Payments Mobile Apple Study 100

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. Additional Reading: Crash Course | Mobile Banking. Niyo offers a ‘Niyo Global Card’ that the company claims to offer the best forex rates. Explore BankBazaar.

Regulation 127

Regulation Cards Millennials Maine 127

PYMNTS

DECEMBER 22, 2016

The bot is brought by Kasisto, a company focused on transforming consumer banking through artificial intelligence (AI), and mobile banking startup Varo Money. The partnership announced that it intends to power Val through Varo’s mobile app. The bot will provide an integrated approach to deposits, savings and lending.

Millennials 100

Millennials America Study Mobile 100

Bank Innovation

JUNE 28, 2018

Bento for Business wants to provide its customers with money management tools combined with banking solutions, similar to the personal financial management app for millennials, MoneyLion, according to company CEO Farhan Ahmad. For the task, San Francisco-based Bento raised $9 million in a new round of funding today.

San Francisco 170

San Francisco Millennials Tools Management 170

PYMNTS

JULY 21, 2017

The rise in contactless payments has some additional data points in place to bolster claims that paying via mobile device is catching on, as promise transforms into practice. Finance said this past week that a third of card payments were done the contactless way, and this was up 18 percent year on year to 4.5 billion pounds.

Millennials 100

Millennials Mobile Branding Retail 100

PYMNTS

AUGUST 14, 2019

This newest P2P offering follows last year’s move by Venmo to add an option to make an instant transfer through a debit card, which would get the money to a bank account in minutes for a 1 percent fee, with a minimum of 25 cents and a maximum of $10. Zelle Trends. Venmo, of course, is not the only major P2P player in the game.

Payments 124

Payments Trends Cards Comparison 124

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

Independent Banker

NOVEMBER 25, 2015

Meanwhile new competitors regularly emerge, including person-to-person facilitators such as digital wallet provider Venmo, crowd-funding loan provider Lending Club and real-time cryptocurrency settlement company Ripple. Consider the 80 million millennials who would rather manage their finances with a smartphone app than visit a bank branch.

Community Bank 70

Community Bank Community Analytics Lending 70

Bank Innovation

AUGUST 15, 2017

This has been a good year for Affirm, the lending startup established by PayPal co-founder Max Levchin. The San Francisco-based company, has made numerous strides, from issuing its millionth loan to expanding its retail partnerships; from preparing to launch new products in the fall to moving into a permanent office space.

San Francisco 170

San Francisco Retail Lending Company 170

PYMNTS

NOVEMBER 15, 2016

Gone right – credit products are a tool of upward mobility. Starting a business , buying a home and securing a car fall into the big three of middle class social mobility, and all three are largely made possible through the extension of credit. But their experiences in lending are different. Vantage Score 3.0 (the

Lending 100

Lending Study Millennials Groups 100

PYMNTS

SEPTEMBER 25, 2019

There are solutions — low limit “toy cards” that keep new customers on a very short financial leash of a few hundred dollars, securitized cards that required an initial deposit, high-interest personal loans — but they tend to be expensive and limited.

Data 122

Data Resources Cards Security 122

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

APRIL 17, 2017

Not because he didn’t have a buyer, but because his buyer didn’t have that much cash— and McKelvey didn’t take credit cards. In 2014, Starbucks stopped accepting Square’s mobile wallet, and shortly thereafter, Square pulled the plug entirely on that mobile wallet experiment. So, how has Square shaped payments and what’s next?

Apple 110

Apple Capital Cards Payments 110

FICO

AUGUST 19, 2022

According to a 2022 report by Cornerstone Advisors , the percentage of Gen Z, Millennial, and Gen X consumers in the U.S. While this is a good start, banks cannot lose sight of the value that intentionally used overdraft protection (or similar short-term lending products) can have for customers with cash flow imbalances. See all Posts.

Fintech 52

Fintech Millennials Lending Tools 52

PYMNTS

JULY 15, 2016

Amazon also said that more than one million customers used Amazon via mobile for the first time to make a purchase. Lending Club Algorithms . It is truly not our intention to call out Lending Club week after week in this column as a fizzle. The article also reported that Lending Club had verified income for only 26.8

Retail 100

Retail FDIC Bitcoin Lending 100

Celent Banking

MARCH 16, 2015

P2P lending), and new payment schemes. A regional bank poll of millennials found that not one could name a community institution in their area. US Bank discussed Peri , its eCommerce app developed in cooperation with Monitise, while other presenters spoke about card-linked and MFR propositions. This requires additional spending.

Conference 100

Conference Retail Community Community Bank 100

Gonzobanker

OCTOBER 31, 2018

For years, banks have focused on deposits for driving low cost funds to support commercial lending, but in today’s banking landscape, deposits are making a resurgence as the priority. What is P2P and Venmo, and why should customers use debit cards or P2P payments instead of checks? What happens when customers use their debit cards?

Training 84

Training Fraud Management Tools 84