PYMNTS

APRIL 16, 2019

Mastercard has moved into point-of-sale financing with the acquisition of Vyze, a FinTech firm the payment card network calls an “an end-to-end platform that facilitates financing options for merchants’ customers at checkout.”. As well, Bankrate has estimated that roughly 33 percent of millennials have cards.

Millennials 188

Millennials Cards Maine Retail 188

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

JULY 21, 2017

So started Affirm’s Co-Founder and CEO Max Levchin ’s remarks at his firm’s first-ever AFFIRMation conference for its retail partners in San Francisco yesterday. Sixty percent of Americans fear credit cards,” Levchin noted. For people who live on the coasts, a credit card is an API access to money. “Finance is pretty broken.”.

Retail 111

Retail San Francisco Cards Conference 111

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. These plans fund retail purchases that consumers can then pay off over time in typically four installments.

Payments 185

Payments Tools Retail Cards 185

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.

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Lending Examples Tools Meeting 163

PYMNTS

AUGUST 20, 2019

And based on early indications, it seems the follow-up act to the millennial generation is much more positively inclined toward using credit products of all stripes. Far more millennials and Gen Xers make use of credit cards than Gen Zers – at 38.29 Credit cards, however, show the greatest strength. card accounts.

Millennials 124

Millennials Cards Lending Data 124

PYMNTS

AUGUST 20, 2019

And based on early indications, it seems the follow-up act to the millennial generation is much more positively inclined toward using credit products of all stripes. Far more millennials and Gen Xers make use of credit cards than Gen Zers – at 38.29 Credit cards, however, show the greatest strength. card accounts.

Millennials 101

Millennials Cards Lending Data 101

TheGuardian

SEPTEMBER 18, 2021

Fintech firms are jostling to offer millennials interest-free payment plans as they shop online. Even those trying to buy it outright using a debit or credit card see reminders of “more ways to pay” flash up. Once a niche form of credit, buy now, pay later (BNPL) deals have exploded during the pandemic.

Millennials 75

Millennials Course Lending Fintech 75

PYMNTS

AUGUST 20, 2019

And the conventional wisdom on alternative lending comes in for a gut check as more merchants learn how to reverse the course on subscription churn. percent: Share of millennials who use mobile apps most frequently for planning in-store purchases. 18 percent: Average current interest rate for credit cards.

Payments 130

Payments Millennials Google Lending 130

PYMNTS

MARCH 10, 2020

What instant lending innovation have shoppers fallen in love with? Consumers love the delayed payment options and so do retailers, but the BNPL players themselves are loving their business model, too. Many are leaving credit behind, with approximately 40 percent of millennials fearing credit card debt,” the report states.

Case Study 135

Case Study Retail Millennials Branding 135

Bank Innovation

MAY 16, 2019

KOHO, with its millennial friendly aesthetic and messaging, currently offers its users debit cards, personal finance management tools and cashback features. KOHO, a Toronto-based digital banking startup, has raised C$42 million (US$31 million) in a Series B round to add new products and services.

Millennials 186

Millennials Digital Banking Tools Innovation 186

PYMNTS

JULY 23, 2019

Nationwide is gearing up for the introduction of its business accounts, while Mastercard is planning to roll out debit cards to customers early next year, the companies announced in a joint press release. . The fund is designed to boost competition in business lending. . that caters to millennials, has raised £50M ($62.4

Millennials 144

Millennials Innovation Fintech Lending 144

PYMNTS

JULY 15, 2016

When Amazon, the largest retailer by market cap, says that it had its best day ever , it’s hard not to call that a sizzle – and then some. Lending Club Algorithms . It is truly not our intention to call out Lending Club week after week in this column as a fizzle. Pokémon GO: Pet Rock or Opportunity To Rock Retail?

Retail 100

Retail FDIC Bitcoin Lending 100

Celent Banking

MARCH 16, 2015

This last week the American Banker Retail Banking Conference 2015 was going on in Austin, TX. P2P lending), and new payment schemes. The retailer combines the in-store and app experience to enhance the customer buying process. As expected, it was a great way to read the temperature of the banking industry.

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Conference Retail Community Community Bank 100

PYMNTS

AUGUST 10, 2020

Consumers have been using internet technology for everything from nonessential health services to ordering from restaurants in the last few years, especially shopping more frequently online for retail products and groceries. The funds can then be deposited into any type of account, including a bank account, prepaid card or digital wallet.

Report 228

Report Payments Millennials Cards 228

South State Correspondent

AUGUST 16, 2023

Home equity lines of credit (HELOCs) and bank card usage are up 24% and 17%, respectively. Consumer Credit – Cards There is a shift of capital occurring to the prime tiers of cardholders. 2Q has been a record quarter for originations based on the number of cards and total volume. Unsecured personal loan usage is up 21%.

Trends 195

Trends Cards Capital Data 195

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

FEBRUARY 20, 2018

Late payments and out-and-out defaults and charge-offs are on the rise across a few lending segments. A fair portion of that interest rate, according to the Fed, was an uptick in mortgage lending. Revolving outstanding credit, made up primarily of credit cards, increased at a 13.3 Credit Card Troubles. percent annually.

Lending 105

Lending Cards America New York 105

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

SEPTEMBER 20, 2019

In the payments ecosystem, we need look no further than the bridge millennial to see how the connected purchasing experience will evolve over the next decade. Construction Payments: Building the House With Virtual Cards. Payday Lending Laws Drive Traffic to Pawn Shops. What the Trendsetters Say About How We Will Pay Next Decade.

Fraud 108

Fraud Payments Bitcoin Lending 108

PYMNTS

MAY 18, 2016

What’s a millennial to do? Well, now, they can have their experience now and pay for it later, without the pesky nuisance of credit card debt. They want to have those valuable life experiences (like Coachella or a weekend in Costa Rica), but they just don’t seem to have the cash.

Payments 101

Payments Millennials Lending Course 101

BankBazaar

MAY 31, 2022

You will usually see BNPL payment plans when you shop online at major retailers and stores. Traditional Credit Card lenders are not far behind. . Additional Reading: A New Era Of Lending: Is It Good Or Bad? . Straying from their budget will eventually make Millennials and Gen-Z risky borrowers of the future.

Millennials 78

Millennials Payments Cards Online 78

PYMNTS

SEPTEMBER 17, 2019

While short-term lending in general has a pretty rough reputation, the pawn loan is the most ill-regarded arena in an already unloved category of consumer lending. The loan amount a borrower can get from a pawnbroker is determined solely by the value of the item itself; as in most forms of short-term lending, there is no credit check.

Ohio 151

Ohio Lending Iowa South Dakota 151

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

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

Independent Banker

NOVEMBER 25, 2015

“We are going to have to lean into this digitized world, so that we can continue to serve our customers well into the 21st century,” ICBA President and CEO Cam Fine told the 24th World Congress of Savings and Retail Banks in Washington, D.C., This puts consumer data, and potentially credit ratings, reputations and bank accounts, in jeopardy.

Community Bank 70

Community Bank Community Analytics Lending 70

PYMNTS

JULY 21, 2017

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 Given that the debit and credit card share of total retail sales is at 77 percent, acceleration in contactless may be in the (virtual) cards. billion pounds.

Millennials 100

Millennials Mobile Branding Retail 100

PYMNTS

MARCH 21, 2019

The Fashion Lending Platform. For payments, the company uses Stripe and accepts credit as well as debit cards. For the target market, Prew is focusing on millennial females in central London between the ages of 25 and 35. From American Eagle to Rent the Runway, retailers are tapping into fashion rentals.

Retail 130

Retail Millennials Company Security 130

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? Sixty-six (66) percent have credit cards.

Cards 122

Cards Groups Report US 122

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

Gonzobanker

OCTOBER 5, 2022

Roughly a third of respondents said that mobile banking features like account alerts, fraudulent transaction disputes, card spending limits, chatbots, and digital account statements would make them “extremely likely” to switch banks. So why aren’t millions of mobile banking customers switching to those banks?

Survey 78

Survey Mobile ATM Cards 78

Gonzobanker

OCTOBER 5, 2022

Roughly a third of respondents said that mobile banking features like account alerts, fraudulent transaction disputes, card spending limits, chatbots, and digital account statements would make them “extremely likely” to switch banks. So why aren’t millions of mobile banking customers switching to those banks?

Survey 78

Survey Mobile ATM Cards 78

CB Insights

OCTOBER 24, 2018

get the entire 47-page lending report. See how startups and big tech are reinventing traditional lending. Download our deep dive into the disruption of lending. As competition increases and POS lending goes mainstream, startups are raising substantial funds to grab market share. a transparent alternative to credit cards.

Millennials 65

Millennials Lending Cards Capital 65

PYMNTS

FEBRUARY 3, 2017

Seventy-five percent of retailers in the country now accept mobile payments, 10 percent of domestic transactions use contactless payments, and overall, usage of the payment method is growing at a rate of roughly 1 percent a month. Users can also take advantage of the Flexible Rewards and Lending program via their mobile phones.

Payments 100

Payments Mobile Apple Study 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. Consumers still overwhelmingly rely on credit and debit cards and cash for payments and will for some time, even if a chip on the smartphone replaces plastic cards.

Mobile 105

Mobile Community Bank Community Technology 105

PYMNTS

DECEMBER 19, 2016

While they enjoy many FinTech innovations, most millennials don’t have a snowball’s chance of earning more than their parents — ever. It’s one thing for the millennial offspring of the billionaire hedge-fund scions to fall short of making a billion because they only manage to pull down $760 million a year. It’s a fact. population.

Millennials 100

Millennials Fintech Cards Groups 100

PYMNTS

AUGUST 21, 2018

Unemployment is below 4 percent, wages are growing and retail sales are surging. Adding to the fun — consumers born in the 1980s to 1990s (aka millennials) that are widely counted as the future of economy — carry the highest debt load of any generation according to the Federal Reserve Bank of St. So, time for party hats?

US 100

US Millennials New York St. Louis 100