PYMNTS

JUNE 7, 2018

Spending on credit cards will continue to grow, but any issuer that decides to take a breath, instead of crafting creative rewards and going after young consumers, runs the risk of being left behind. However, no trend is independent of human action, and issuers will have to work hard to ensure the health of their credit card offerings.

Cards 134

Cards Millennials Maine Data 134

PYMNTS

FEBRUARY 14, 2020

Mastercard Gets Nod To Join China’s $27T Payments Market. 11 to set up a bank card clearing business, providing it with access to a $27 trillion payments market. The People’s Bank of China said it has approved an application by Mastercard’s Chinese joint venture to run a bank card clearing business in the nation.

Retail 141

Retail Cards Millennials Fraud 141

PYMNTS

MAY 20, 2017

Are millennials eating too many avocados on toast for their own good? The crux of the debate is this: are first- time home sales down because, given the choice of a two car garage and a yard in the suburbs, millennials have, en masse, decided they’d rather enjoy a more richly-delicious brunch experience, week in and week out?

Millennials 119

Millennials San Francisco New York New York City 119

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

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. Despite Meeting Swiss, US Lawmakers Remain Libra Skeptics. The company sees the country as its next big growth market. .

US 109

US Millennials cryptocurrency Fraud 109

PYMNTS

JULY 15, 2020

CEO of Afterpay , recently told Karen Webster that consumers — particularly millennials and Generation Z — were already showing distinct preferences for digital commerce and paying with debit cards rather than credit cards. Nick Molnar , co-founder and U.S. The Shifting Road To Recovery .

US 206

US Retail Millennials Trends 206

PYMNTS

OCTOBER 6, 2020

With the busy holiday season upon us, we are proud to offer a truly multi-channel payment solution that has proven to bring new customers and increased sales to our retail partners,” Afterpay Global Chief Revenue Officer Melissa Davis said in the announcement. CEO Nick Molnar said in a past PYMNTS panel. And there's a huge opportunity.

Millennials 200

Millennials Retail United States National 200

South State Correspondent

AUGUST 16, 2023

Even if your bank has limited consumer exposure, given that the consumer composes approximately 66% of the US economy, and, according to the yield curve and market pundits, we are all staring into a recession, paying close attention to consumer trends is critical. Only 8% of new cars have a price point below $30k, which used to be 38%.

Trends 195

Trends Cards Capital Data 195

PYMNTS

FEBRUARY 27, 2019

There might be one word that consumers would use to describe the state of disbursements in early 2019: mediocre. Millennial consumers probably wouldn’t be so generous. But data shows that what consumers increasingly do want is money pushed to them via the alias known as the debit card. on a scale of 100.

US 134

US Cards Millennials Payments 134

PYMNTS

DECEMBER 24, 2020

market for initial public offerings (IPOs) had a banner year in 2020 despite the pandemic — or perhaps because of it. Markets initially responded accordingly, with shares pricing at $24 — the very top of the stock’s $22 to $24 expected range. This allows us to now, publicly, showcase the progress we've made as a company.".

US 230

US Company Report Payments 230

PYMNTS

FEBRUARY 14, 2020

While it’s certainly not the case with every firm, for many, years of venture funding and building size and scale are considered favorable to an early entrance into the public markets with the vicissitudes of public investors. But in Australia, Afterpay Co-Founder and U.S.

Millennials 159

Millennials Retail Management US 159

PYMNTS

JUNE 14, 2018

Modern consumers — millennials, in particular — couldn’t care less about receiving fine china, crystal stemware or other knickknacks as wedding gifts. This shift has allowed wedding registry platforms to see the revenue opportunity, and they are now working to help satiate millennial consumers’ desires for experiential giving.

Cards 102

Cards Millennials Trends Online 102

PYMNTS

DECEMBER 30, 2020

Many enjoyed huge first-day price pops, heating up the IPO market even more — and 2021 seems poised to only continue the fireworks. Popular stock-trading app Robinhood Markets reportedly recently hired Goldman Sachs to lead a possible 2021 IPO that would value the company at more than $20 billion. Robinhood ($20 Billion+) .

Marketing 198

Marketing Company Online Management 198

PYMNTS

JANUARY 20, 2020

The first Papyrus store opened in 1973, when cursive writing was a core part of grade-school education, much to the delight of many nostalgists but which still can spark memories of horror among those of us cursed with atrocious handwriting. Millennials to the Rescue. The chain had since expanded to some 260 or so retail locations.

Retail 183

Retail Millennials Cards social media 183

FICO

AUGUST 20, 2019

China Construction Bank (CCB) hopes to reach more millennial consumers and is using alternative scoring services to improve decision making and improve financial inclusion efforts to reach this demographic. Using the FICO big data scorecard, CCB has achieved a number of benefits.

Big Data 40

Big Data Data Marketing Millennials 40

PYMNTS

APRIL 4, 2019

The trend, according to the report, is visible in most major debt categories — particularly home and credit card lending. Younger borrowers are less likely to have home loans, according to the New York Fed, and more likely to default on auto loans or credit card bills.

US 116

US New York Trends United States 116

Filene

JANUARY 18, 2016

I had about $20K in student loan debt, $8K in credit card debt, a car note for $12K, monthly rent and utilities, and of course important things like eating to worry about. It took me 18 months of a strict budget and two jobs to pay down the credit card and car. I was in over my head and did a ton of worrying. An at-risk generation.

Millennials 49

Millennials social media Video Taxes 49

FICO

JUNE 9, 2016

Millennials, now the largest demographic group in America, are possibly the most misunderstood, elusive market ever, a notion underscored by The Wall Street Journal ’s article about the existence of $20,000-per-hour “Millennial consultants.” Millennials reward positive fraud outcomes. At least not yet. with “Security.”.

Millennials 40

Millennials Fraud social media Survey 40

PYMNTS

AUGUST 21, 2018

Six days later, The New York Times reported that Bear Stearns was dangling on the age of bankruptcy and a forced liquidation after it posted a 61 percent drop in net profits as a result of hedge fund losses in the subprime mortgage market. Sixty-six percent have credit cards. into a depression a la 1929. population — fare much worse.

US 100

US Millennials New York St. Louis 100

PYMNTS

MAY 1, 2020

We’re developing personas based on demographics and other types of data we gather about our members, including the products they have with us,” she said. A digital-loving millennial, John, searches our website to find the type of account he wants and chooses to open it online,” Vas Nunes said. “As

Arizona 159

Arizona Security Cards Phoenix 159

PYMNTS

FEBRUARY 4, 2020

The firm processes about $30 billion a year and works with 140,000 merchants through 450,000 global card network acceptance endpoints, mostly in India, with some penetration into the Middle East and Southeast Asia. Every market has different needs, wants and regulatory bodies overseeing it all. The Frictionless Flow .

Austin 186

Austin Cards Marketing Mobile 186

PYMNTS

JUNE 2, 2020

Consumers Want More Than Toilet Paper (But Not More Credit Card Debt). Consumers have not forsworn shopping in the face of uncertainty as some market watchers believe, Eisen said. Eisen added that since the Great Recession, credit card use has declined and debit card use has increased.

Retail 142

Retail Meeting Millennials Branding 142

NCR

JUNE 15, 2017

The peer-to-peer (P2P) payments market has been getting crowded of late, and owners of iOS devices in the US will soon have a new option to choose from as part of the annual update to Apple’s mobile operating system. The post Apple takes on Venmo in P2P payments market appeared first on Banking.com.

Apple 53

Apple Marketing Payments Millennials 53

PYMNTS

JULY 14, 2020

The company is exploring a number of small mergers and acquisitions to accelerate roll out across potential new international markets. Post-2009, millennials demonstrated a clear aversion to financial risk, especially for lifestyle purchases, resulting in a tangible shift away from credit cards,” Nick Molnar , U.S.

Millennials 188

Millennials Capital Trends Report 188

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

DECEMBER 12, 2016

The holiday shopping season is well upon us, and the eternal question remains: How does a gift giver make sure that the gift receiver feels as though they have received the perfect gift? Gift cards may seem a logical answer. They can be picked up in a hurry and can be used at the recipient’s choosing in terms of time and place.

Cards 100

Cards Mobile Branding Retail 100

PYMNTS

FEBRUARY 23, 2018

percent in 2017, Taco Bell has been drawing in customers with new food items, a Live Más marketing campaign and new nacho fries for $1. billion in domestic sales — More and more McDonald’s markets are lovin’ it as the iconic American burger chains continues to expand its delivery efforts. Market Differentiation. McDonald’s $37.5

Online 101

Online US Payments Mobile 101

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. . that caters to millennials, has raised £50M ($62.4 A banking service targeting Britain’s 5.6 Atom, a banking startup in the U.K.

Millennials 144

Millennials Innovation Fintech Lending 144

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. According to the 2022 Home Buyers and Sellers Generational Trends Report published by the NAR, there are some clear generational trends in the homebuying market. Click to enlarge.

Community Bank 143

Community Bank Community Millennials Resources 143

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. We surveyed more than 5,000 U.S.

Report 228

Report Payments Millennials Cards 228

PYMNTS

MARCH 10, 2020

Here’s a hint: We’ll tell you now … and you can thank us later. For an important BNPL case study, we look to Australia, where Sydney-based market leader Afterpay has made such a splash that it’s changing the economy (sort of). What instant lending innovation have shoppers fallen in love with? It’s a bona fide phenomenon.

Case Study 135

Case Study Retail Millennials Branding 135

PYMNTS

AUGUST 13, 2018

For those who carry either the branded Gap card, or the Gap Mastercard (or anyone who has ever been part of a retail rewards program), the offerings are fairly familiar. Shoppers who use their Gap card get a discount (10 percent off in-store and online), accrue points and enjoy perks like free shipping, exclusive offers and events.

Fort Worth 107

Fort Worth Branding Cards Retail 107

Gonzobanker

APRIL 4, 2024

of Millennials, 7.5% of the market, and JPMorgan Chase—the nation’s largest bank (in terms of assets)—counts 7.6% Our members use us for their everyday spending, and we make a small part of that transaction when the card gets used at the point of sale.” That works out to 8.1% of all American adults: 12.3%

Comparison 104

Comparison Fintech America Survey 104

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

JUNE 8, 2016

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. Most new product and service innovations are driven by front-line customer interactions and feedback and by staying in close touch with market developments.

Innovation 100

Innovation Millennials Cards Fintech 100

PYMNTS

DECEMBER 28, 2018

There were plenty of tailwinds that pushed the segment forward: A strong economy, healthy consumer interest in credit and advances in credit scoring technology were all instrumental in pushing more consumers into the market, particularly in the first half of the year. Resetting Mortgage Services. They are becoming homebuyers.”

Millennials 145

Millennials Lending System Data 145

PYMNTS

JULY 23, 2018

Paul McCartney and The Beatles may have told us that money can’t buy us love , but new research claims that it can certainly buy us happiness. May 2018’s household income numbers were up nearly 2 percent from last year, they say, due largely to increases in base compensation resulting from a tightening labor market.

Cards 122

Cards Groups Report US 122