PYMNTS

MARCH 2, 2020

The United States’ tight labor market exacerbates competitive tensions for such agencies, though. The national unemployment rate fell to its lowest level since 1969 in April 2019 — 3.6 This month’s Deep Dive digs into the data that guides staffing agencies’ payroll disbursement decisions, including payroll cards ’ pros and cons.

Cards 130

Cards ATM United States Payments 130

PYMNTS

APRIL 9, 2020

By that time the nation had accepted the COVID-19 pandemic’s inevitability, triggering a wave of stock-up buying of household supplies as face masks were suddenly everywhere, and major coronavirus-induced lockdowns commenced. More vexing still is the market potential of mobile wallets when compared to actual performance.

Mobile 140

Mobile Apple Cards Millennials 140

PYMNTS

JANUARY 20, 2020

Millennials to the Rescue. The experience of buying, sending and receiving greeting cards continues to undergo changes in a world where social media and sparkling, decorated texts often suffice for getting across congratulatory messages. And they’re buying fancier specialty cards, often with personal touches,” the report stated.

Retail 183

Retail Millennials Cards social media 183

PYMNTS

SEPTEMBER 23, 2016

Americans are carrying more debt than ever before and paying some of the highest credit card rates every recorded, according to new data. The national average annual percentage rate (APR) for credit card debt is 15.22 percent, according to CreditCards.com’s weekly Credit Card Rate Report. Credit card balances rose 3.4

Cards 100

Cards Report National Millennials 100

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

DECEMBER 9, 2019

Statistical swarms of millennials and Gen Zers report never having used a paper check. But the situation is righting itself as dynamic market forces reshape payments. Instant” is becoming the posted speed limit nationally and globally for transactions. It’s a disconnect that could not be more glaring. Banking on Instant.

Millennials 130

Millennials New York City National New York 130

PYMNTS

JULY 15, 2020

In regards to the company’s recent filing for a national bank charter, Noto said, “Being a national bank would really be critical strategically. The idea here was to give millennials and Gen Z, our target audience, access to a diversified portfolio of new economy companies and gig economy companies,” Noto said.

Samsung 162

Samsung National Millennials ATM 162

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 . Weak iPhone Sales Cost Apple Nearly Half a Trillion Dollars in Market Cap .

Online 148

Online Payments Millennials Apple 148

PYMNTS

FEBRUARY 27, 2018

In several markets around the world, biometric solutions are gaining ground among consumers, companies and government organizations. These solutions could shift the way national security agencies in several countries operate, or force employers to change how they authenticate and identify their employees. billion USD.

Security 110

Security Report National Millennials 110

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

JULY 7, 2020

Using credit cards (aka spending the bank’s money instead of your own) seemed so cool — until it suddenly wasn’t nearly as cool anymore. consumers to shift as much as $100 billion in annual spending from credit to debit cards.”. Financial services firm Visa is also anticipating a strong consumer shift from credit to debit cards.

Cards 135

Cards Millennials Conference America 135

Independent Banker

JUNE 30, 2022

As house prices skyrocket, student loan debt grows and wages stagnate, many Gen Zers and millennials are watching their homebuying dreams move out of reach. year-over-year increase in the first quarter of 2022, according to the National Association of Realtors (NAR). By Beth Mattson-Teig. Click to enlarge. Plenty of tools in the box.

Community Bank 143

Community Bank Community Millennials Resources 143

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

CB Insights

JULY 25, 2019

Fintech is often associated with digital tools targeted at tech-savvy millennials. But there is a growing market of fintech companies serving the unique financial needs of Baby Boomers and older retirees — and for good reason. Baby Boomers (those born between 1946 and 1964) represent a massive market opportunity.

Millennials 73

Millennials Fintech Tools Fraud 73

PYMNTS

JUNE 17, 2019

In the past few years, several global markets have invested resources into developing payment systems and infrastructure that enables funds to be delivered in real-time and that operate on a 24/7 cycle. Among the] important features of the system are independence and equidistance from market participants,” Protopopov said.

Payments 201

Payments System National Mobile 201

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

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

AUGUST 27, 2018

While the payment and commerce news of the week fell far short of the tragedy in the national news, there were still some rather dark clouds dotting the horizon. Credit card debt made it over the $1 trillion mark in 2017, making it the third non-mortgage lending category to have surpassed the ten-digit mark in measuring consumer debt.

Data 103

Data Cards Millennials Groups 103

PYMNTS

FEBRUARY 25, 2019

The retailer is inviting specialty and national brands alike to offer items online, CNBC reported. Target Chief Marketing Officer and Chief Digital Officer Rick Gomez said, according to the news outlet, “We see this as a long-term opportunity to drive profitable growth.”

Branding 101

Branding Comparison Millennials Retail 101

PYMNTS

DECEMBER 27, 2019

Strong balance sheets in key areas like credit card debt ($64.4 FIs are not accustomed to customers telling them which products to offer, but in the mobile instant payments world driven by millennials and Gen Zers, that’s the deal – take it or leave it. A Small Change It’s Not. billion), car loans ($382.9 Digital Unison.

Digital Banking 130

Digital Banking Millennials Banking Trends Mobile 130

PYMNTS

JUNE 6, 2019

June brings colorful, high-energy LGBTQ Pride Month celebrations to cities across the nation. This makes enabling credit card payments critical and helps cater to those who would opt for pricier tattoos if not limited to funds on hand. “[If Even though her lollipops sell for just $2, she said credit card acceptance was critical.

San Diego 137

San Diego Boston Cards New York 137

PYMNTS

JANUARY 24, 2018

In the Americas, cash is still being put to use by a solid chunk of the population, notably among North American nations. Approximately 80 percent of Brazilian households have a payment card, which is used for 30 percent of household purchases. The service, he noted, could be especially appealing to tech-savvy millennials.

America 122

America ATM New Jersey Millennials 122

PYMNTS

FEBRUARY 28, 2019

They pay using Apple Pay, Google Pay , Venmo, a credit card or a debit card. Shoppers can also reportedly purchase tickets in less than 10 seconds, which Griffith claims is about twice as fast as other options in the market.). Overall, Griffith said the company is constantly innovating around payment types and checkout speed.

Trends 109

Trends Millennials Apple Google 109

PYMNTS

AUGUST 24, 2018

Recent days have brought the debut of the “first mobile-enable lottery card” in the state, according to the companies behind the card, Linq3 and Blackhawk Network. The product combines the gift card with the lotto entry, and here’s how it works, according to statement announcing the launch. Lotto and Payment Cards.

Ohio 103

Ohio Mobile Cards South Carolina 103

PYMNTS

MARCH 5, 2017

Americans have more payment options than ever before, from the digital payment info stored in mobile wallets to credit and debit cards in their physical wallets. market, they are still far from replacing cash. “So But even with these new choices, Americans still cling to cash when making many purchases. Paid in cash, pay in cash.

Technology 100

Technology San Francisco Analysis United States 100

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

Fintech 198

Fintech System Lending Cards 198

PYMNTS

MAY 2, 2017

Add to that the diminished value of used cars — down about 8 percent this year — and auto lenders like Ally Financial are predicting a market that will be contracting this year. Card Weakness. More telling, according to market watchers, is how Cap One is explaining the apparent weakness. trillion in loans currently outstanding.

Millennials 103

Millennials Lending Capital Cards 103

Independent Banker

AUGUST 9, 2016

Statistics are especially compelling for those trying to attract and maintain the millennial segment. As a group, millennials switch from their primary bank at a pace nearly double the average of other age groups, and they point to high fees and poor loyalty programs as the top reasons why they are dissatisfied with their banks (3).

Community 70

Community Millennials Community Bank America 70

PYMNTS

APRIL 19, 2016

Credit cards are a way of life for consumers, for the businesses that rely on them and for small business owners dealing with the volatility of day-to-day cash flows. But the traditional credit markets are showing some troubling trends for people in the U.S. with relatively lower risk scores and, by extension, small business creation.

Cards 100

Cards Regulation United States Lending 100

PYMNTS

OCTOBER 20, 2020

Apple had already more or less created the modern smartphone industry with the iPhone and remade the music industry with the iPod – so it didn’t seem too much of a stretch to believe that if Apple wanted to disrupt the plastic card, it could fall out of favor for in-store purchases. The use of mobile wallets has remained flat, with only 5.9

Apple 133

Apple Payments Study Mobile 133

PYMNTS

MARCH 15, 2016

For example, men spend about four times ($233 per binge) more than women ($54), and millennials spend 75 percent more than Generation Xers and 40 percent more than Baby Boomers. However, this amount can vary based on the age and sex of the consumer in question (as well, presumably, as the amount of alcohol imbibed).

Rhode Island 100

Rhode Island Idaho Iowa Alabama 100

NCR

MAY 9, 2017

Hawaii National Bank’s Hawaii Score enables existing bank customers and non-customers the capability to access a TransUnion credit report and score without the need for a credit card or an existing account with Hawaii National Bank. Each one appeals to a different market target. One App Is Not Enough.

Fintech 75

Fintech Hawaii Community Bank San Francisco 75

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. According to a national study conducted by PYMNTS of 2,683 consumers on Nov. consumers since March. [1]. Take PayPal, for example.

Apple 227

Apple Study Innovation Survey 227

PYMNTS

DECEMBER 12, 2017

At the dawn of the new millennium, consumers had only a few payment methods to choose from – cash, check or cards – and only a small fraction used them anywhere other than a brick-and-mortar storefront. We are seeing an evolution where it is less about where Visa cards are accepted, but rather how they are accepted,” said Singh.

Payments 151

Payments Cards blockchain Innovation 151

PYMNTS

JANUARY 25, 2018

This includes checks, brick-and-mortar bank branches, ATM cards and, yes, cash. trillion in cash in 2015, a higher rate than that of Western European nations. Once the code is entered at an enabled ATM, he or she can access the cash without using a debit card. That infrastructure is helping to keep cash a fixture of U.S.

ATM 100

ATM Millennials FDIC New Jersey 100

PYMNTS

DECEMBER 24, 2019

The company has an option to transfer money to the bank without a debit card for the same fee. The How We Will Pay study found that bridge millennials — a highly educated consumer segment that tends to earn relatively high incomes — own an average of six connected devices. Venmo also offers an example of P2P expansion. Now, more U.S.

Cards 160

Cards Payments Study Examples 160

Gonzobanker

DECEMBER 20, 2019

The company’s market capitalization, which after declining to less than $600 million in the 2009 recession, has now grown to almost $3 billion. This was a terrific combination of two education-focused cooperatives across both Southern and Northern California markets. It’s early but it’ s a great entry to the market and our industry.

Idaho 148

Idaho Conference Data Marketing 148