PYMNTS

JUNE 1, 2020

Many Main Street SMBs, local restaurants and designer boutiques are doing it for the first time. Capturing and then enabling card-on-file payments when consumers buy the products or services they consume in the physical world. But given the absence of contactless card penetration in the U.S., Gas stations are encouraging it.

Cards 147

Cards Study Maine Payments 147

PYMNTS

NOVEMBER 19, 2019

Among the biggest debates is how to construct and operate the best card program possible – a decision that served as the foundation for a new PYMNTS interview with Jim Geeslin, head of strategy for Elan Financial Services , an agent credit card issuer. Do FIs want to navigate card programs through that?”. Near-Term Challenges.

Cards 140

Cards Apple Data Innovation 140

Payments Source

SEPTEMBER 24, 2020

Petal, the credit card aimed at millennials and others with limited credit histories, has raised $55 million in a Series C as main street banks pull back on credit during the COVID-19 crisis.

Millennials 112

Millennials Maine Cards Capital 112

PYMNTS

JANUARY 2, 2019

The vast majority of consumers are still feeling confident about their financial situation, and younger consumers in the bridge millennial demographic are aging into their prime spending years. 2,225: The amount bridge millennials spend on average each year on retail purchases.

Millennials 158

Millennials Fraud Maine Retail 158

PYMNTS

DECEMBER 6, 2019

Consumers — especially millennials and Generation Z — are looking for new commerce experiences during the 2019 holiday season. However, they are also hesitant to pay for those new experiences with credit cards or other traditional financing options. How Bridge Millennials Are Driving More Demand For Flexible Payments.

Millennials 219

Millennials Payments Retail Apple 219

PYMNTS

NOVEMBER 5, 2020

Webster pointed to Main Street SMBs as “a segment of physical retail that may even have the best of all digital/physical retail options,” and noting that “Direct-to-consumer brands may find them to be an attractive outlet to capitalize on the hyperlocal shopping experiences with which consumers in those communities feel most comfortable.

Retail 252

Retail Millennials Online Report 252

PYMNTS

DECEMBER 12, 2019

One of them might be the ability to get free credit without all the fees and things that people associate with credit cards,” said Siemiatkowski. As for the company’s revenue, Siemiatkowski said instant credit is still the main source. If you look at those two things going on here, first is that millennials , in the U.S.

Millennials 130

Millennials Cards Maine Online 130

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

JULY 13, 2016

Move over millennials , there’s a new kid in town that is about to become nearer and dearer to retailers’ hearts: Gen Z. These young shoppers want the store to fit three main criteria, too: They want it to be clean, they want staff that are “friendly and knowledgeable” and they want a “positive” checkout experience.

Study 100

Study Millennials Retail social media 100

PYMNTS

DECEMBER 31, 2020

Main Street SMBs: The 18-Month Outlook. Main Street small- to medium-sized businesses’ (SMBs’) confidence of survival has progressed as the pandemic has continued. percent fewer Main Street SMBs are hopeful of survival. percent of millennials believe it is “very” important to receive payments in real time. percent to 11.5

Data 277

Data Innovation Payments Millennials 277

PYMNTS

MAY 1, 2020

NEW DATA: Two-Thirds Of Main Street SMBs Are Not Ready For The Post-Pandemic Restart. Yet less than a third of Main Street small and medium-sized businesses (SMBs) are adapting their operations to meet consumers’ post-pandemic expectations. Tradesy CEO: Millennial Women, Louboutin Shoes And Restarting The Economy.

Maine 141

Maine Millennials Payments Analysis 141

PYMNTS

NOVEMBER 29, 2016

In an attempt to bring hope and better conditions, e-money firm Prepaid Financial Services (PFS) launched a prepaid card program through international relief organization Samaritan’s Purse to help financially support those refugees living under these conditions. PFS, based in the U.K.S,

Cards 100

Cards Millennials ATM Maine 100

PYMNTS

DECEMBER 22, 2020

The overall cautiousness and sense of financial prudence, he said, can be seen in the fact that consumers are embracing debit transactions over credit, using cash on hand rather than choosing to build their liabilities on a credit card. That's what the millennial and younger consumer prefer to use.”.

Cards 308

Cards Maine Millennials Course 308

PYMNTS

OCTOBER 23, 2020

Small and medium-sized businesses (SMBs) can accept payments via a mobile program or touch-free card reader with QuickAccept and get the funds immediately. Saving Main Street From Its Downward Pandemic Spiral. Main Streets will have to change to receive the social proof and vibe that made them so successful.

Apple 149

Apple Maine Millennials Bitcoin 149

PYMNTS

JUNE 18, 2016

This year shoppers are expected to spend a hair under $2 billion on cards and clothes for Dad, and around $1.7 In fact, recent data from Mintel indicates that millennial dads could be the future of retail. Millennial dads view shopping with their kids as a way to bond and teach them valuable lessons,” the report said.

Millennials 100

Millennials social media Data Report 100

PYMNTS

NOVEMBER 20, 2020

Loyalty and rewards programs have long been a common way for banks to persuade consumers to sign up for and use their credit and debit cards, but a surprisingly few number of cardholders say they are offered the types of rewards programs they really want. percent of credit card holders and 3.1 percent of credit card holders and 1.5

Data 175

Data Millennials Cards Report 175

PYMNTS

DECEMBER 10, 2020

According to PYMNTS’ new study, Buy Now, Pay Later: Millennials and the Shifting Dynamics of Online Credit , which surveyed nearly 15,000 U.S. Specifically, this financing option is not a last resort, because the majority of BNPL users have higher-than-average incomes as well as access to multiple payment options, including credit cards.

Study 173

Study Millennials Survey Online 173

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

APRIL 3, 2020

Just 33 percent of millennials carry credit cards, for example, but this demographic and Generation Z combine to make up the largest BNPL market user base. It is well on its way to replacing credit cards, however, with approximately half of the country’s BNPL users reporting they have already stopped using their cards.

Exercises 165

Exercises Payments Millennials Cards 165

PYMNTS

MARCH 2, 2018

Several major banks and FIs — including Bank of America, Discover and Wells Fargo, among others — offer cash back rewards on their credit card products to entice customers and encourage brand loyalty. Despite incentives, a new study found debit cards appear to be more popular than credit cards, especially among younger customers.

Millennials 101

Millennials San Diego Cards Retail 101

PYMNTS

DECEMBER 9, 2019

You might be shocked to discover that fully 42 percent of businesses still used paper checks as their main payment method in 2019. Statistical swarms of millennials and Gen Zers report never having used a paper check. Banking on Instant. workforce in 2020.

Millennials 130

Millennials New York City National New York 130

PYMNTS

OCTOBER 16, 2020

Some 48 percent of consumers said tipping was actually the main reason they still carry cash. For example, 33 percent of retail shoppers favor contactless card technologies for their in-store purchases. percent who would use credit cards and 45.5 percent who would employ debit cards. Merchants Take Note. The Way Forward.

Payments 166

Payments Study Survey Cards 166

PYMNTS

OCTOBER 2, 2017

The Paysafe study focused on one main question: What is the tipping point that has been moving people from cash payments to alternative cash formats, thus setting the stage for a lot of change in retail? According to Daly, the next big evolution will millennials may lie in biometrics.

Data 120

Data Payments Millennials Study 120

NCR

MAY 11, 2016

Knowing how to make, manage and invest one’s money has long been the key to financial security and stability, but what was once a relatively linear road map for many generations has shifted with Millennials. While buying a home was once seen as one of the biggest indicators of financial success, Millennials now have a different idea.

Millennials 40

Millennials New York Cards Maine 40

PYMNTS

FEBRUARY 7, 2020

The no-interest, no-fee nature of these solutions intrigues consumers — especially the millennial and Generation Z demographics — searching for alternative payment methods that can grant them further flexibility and convenience while shopping. Around The Buy Now, Pay Later World.

Industry 167

Industry Millennials Retail Mobile 167

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

SEPTEMBER 16, 2019

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. Bridge millennials own slightly more devices than the average consumer in our study: six devices compared to the roughly five that most consumers own. This group of 60 million U.S.

Millennials 222

Millennials Study Course Trends 222

CFPB Monitor

NOVEMBER 23, 2021

The briefing divides buy now, pay later (BNPL) products into two main types based on how they are offered to consumers. According to the briefing, the first type of BNPL products generally target millennials, Gen Z consumers, and financially underserved consumers such as those with no or bad credit.

Kansas City 78

Kansas City Kansas Millennials Maine 78

PYMNTS

SEPTEMBER 24, 2020

The new funding is an outcropping of the Series G round unveiled in August for the firm, which is said to have helped millennials become interested in trading. Mastercard Expands Digital Card Program To Include Instant Access, eWallet. Mastercard Expands Digital Card Program To Include Instant Access, eWallet.

Company 137

Company Payments Atlanta Massachusetts 137

PYMNTS

MAY 25, 2018

Numerous researchers have shown that consumers do not treat medical debt the same as credit or debit card debt, or other forms of outstanding bills. One reason involves incentive: A rule that took effect last year requires the three main credit reporting agencies to wait 180 days before putting unpaid medical bills on credit reports.

Technology 166

Technology Payments Millennials blockchain 166

PYMNTS

OCTOBER 9, 2017

small businesses still don’t accept card payments , found new data from Square. That’s despite a sixth of shoppers using only a card to pay at these small merchants. But 44 percent of small business owners said they don’t believe they’re missing out on sales by not accepting cards, the survey said. 3 million U.K.

Payments 101

Payments Millennials Survey Cards 101

PYMNTS

JANUARY 1, 2021

For the purposes of this exercise, we’re going to describe the “typical” grocery shopper – a bridge millennial, a 36-year-old mom of 1.93 Our shopper will use her card-on-file with her supermarket. This compares to 39 percent who wanted to register credit cards and 44 percent who wanted to register debit cards last year.

Study 362

Study Survey Exercises Cards 362

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

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? This represents roughly $2 trillion in annual credit and debit card volumes. Among Bridge Millennials (between 30 and 40 years old), 41.1 In fact, 24.3

Cards 146

Cards Data Management Mobile 146

PYMNTS

AUGUST 10, 2020

The funds can then be deposited into any type of account, including a bank account, prepaid card or digital wallet. Only 13 percent of consumers and 8 percent of microbusinesses get their money through an instant payment to a debit card, credit card, digital wallet or prepaid card.

Report 228

Report Payments Millennials Cards 228

PYMNTS

AUGUST 4, 2016

The Department of Transportation will use the back-end support of Cubic Transportation and, in collaboration with Passport, will change the EASY Card revenue management system to allow travelers to buy fares using contactless, check balances on the cards, view account history and manage accounts through a new app.

Samsung 100

Samsung Google Mobile Millennials 100

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