Bank Innovation

AUGUST 5, 2016

Banks only care about millennials, right? Yesterday Capital One, a leader in digital banking, joined OATS (Older Adults Technology Services) in launching‘“Ready, Set, Bank: Online Banking Made Easy,’” an educational tool designed to increase online banking usage among older adults, enabling them Read More.

Capital 150

Capital Online Millennials Tools 150

PYMNTS

MARCH 1, 2018

The project also offers financial literacy tools and promotes smart city initiatives in urban communities. Once payments are disbursed, cards can be used to make online and in-store purchases, withdraw funds from an ATM, transfer funds or pay bills. Can a cash back program help millennials avoid the debt trap?

Millennials 102

Millennials Trends Cards ATM 102

PYMNTS

OCTOBER 31, 2019

The two brothers ended up co-founding Scribe , an eCommerce website that sells paper greeting cards. The company lets consumers connect offline — through greeting cards that help them celebrate events with handwritten messages. The platform would then suggest that a user choose a card for her through the site.

Cards 106

Cards Omaha Millennials Virginia 106

PYMNTS

JANUARY 28, 2021

A transformation toward contactless payments is underway at the nation’s credit unions as the public shuns cash and even physical cards to lower infection risks with COVID-19. PYMNTS’ research indicates that millennials (ages 23 to 39) and bridge millennials (ages 30 to 40) have the greatest interest in P2P payment use, for example.

Innovation 187

Innovation Millennials Payments Mobile 187

PYMNTS

APRIL 12, 2019

Couples wanted a tool to help them collectively manage their financial lives, he said, but they also wanted a tool that was both very flexible and very robust. The company also learned that its tools needed to be able to grow and shift with a couple’s relationship. A More Powerful Tool. A Lot of Right Ways.

Millennials 154

Millennials Tools How To Video 154

PYMNTS

OCTOBER 6, 2020

Our new in-store solution is yet another way to support merchants by offering a powerful budgeting tool that allows shoppers to spend their own money over time — whether they prefer to buy in a physical store or online.”. Millennial and Gen Z shoppers are focusing on sustainable and ethical fashion and retail more than before.

Millennials 200

Millennials Retail United States National 200

PYMNTS

FEBRUARY 11, 2020

Consumers have long grown accustomed to online shopping, but familiarity does not necessarily result in increased purchase volumes. They may spend hours browsing retailers’ online or mobile websites, only to abandon the items placed in their carts — the digital equivalent to window shopping. BNPL Solutions and Breathing Room .

Millennials 130

Millennials Retail Mobile Online 130

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. Some online sellers eschew online marketplaces in favor of more tailored digital sales experiences, turning to eCommerce system providers for help.

Mobile 197

Mobile Online Payments Tools 197

PYMNTS

JULY 1, 2020

Despite the surge in mobile payments and online banking , no one is predicting the disappearance of traditional banks and their brick-and-mortar branches. . consumers who have at least one credit or debit card and mobile device revealed that 24 percent would be “very” or “extremely” likely to switch to the new generation of banking.

Survey 183

Survey Cards Millennials ATM 183

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. How BNPL Solutions Could Slow Cart Abandonment.

Industry 167

Industry Millennials Retail Mobile 167

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

PYMNTS

AUGUST 5, 2020

In a conversation with PYMNTS, Center CEO Naveen Singh — whose father co-founded SAP Concur — described why many of the automated expense management tools on the market today fail to address the needs of a dramatically changing dynamic in employee spend. Driving Real-Time Data Through Cards. Merging Expenses With Procurement.

Cards 199

Cards Software Management Tools 199

PYMNTS

JANUARY 16, 2020

Convenience is key in the retail sector, especially in eCommerce, where merchants with frustrating or complicated online shopping processes can easily lose customers. Avoiding such an exodus means retailers must be flexible when developing the tools consumers use to make purchases. How Millennials Are Driving BNPL Growth.

Millennials 130

Millennials Mobile Retail Branding 130

PYMNTS

DECEMBER 22, 2020

And now, thanks to a global pandemic that has pushed more business online, tightened wallets and compressed delivery times, the retail landscape has undergone huge changes in a relatively short amount of time. “So Go online, order it and we’ll just send it to you the same day’” — whether the consumer has a Target card or not.

Retail 291

Retail Online Millennials Cards 291

PYMNTS

NOVEMBER 30, 2020

This is one of the many questions we sought to answer in Location, Location, Location: How Location Data Can Help Banks Prevent Online Fraud , a PYMNTS and GeoGuard collaboration. consumers who own internet-connected devices and who use their credit or debit cards at least monthly. The report surveyed 2,141 U.S.

Fraud 171

Fraud Data social media Millennials 171

PYMNTS

MARCH 17, 2020

While user experience is key, these tools must also be agile enough to rise to small- to medium-sized businesses’ (SMBs’) digital-native foundations. “We learned that a lot of small business owners in this day and age are not tech savvy at all,” he said, adding that even millennial-run SMBs can struggle.

Millennials 168

Millennials User Experience Alabama Tools 168

PYMNTS

FEBRUARY 21, 2020

Forty-four percent of 200 millennials surveyed last year stated they were wholly responsible for making purchasing decisions at the B2B companies at which they worked, and an additional 33 percent played some role in this process. The Sizable Online Fraud Threat. Vendors do not always find the transition to online selling to be easy.

Customer Experience 152

Customer Experience Fraud Millennials Online 152

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. How have luxury retailers found a way to shift alongside this trend?

US 206

US Retail Millennials Trends 206

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

DECEMBER 14, 2020

There aren’t many online payment providers that have successfully gone offline. customers, he said Afterpay has become as much of a marketing channel for its retail partners as it is a financing tool. Ninety percent of our transactions are paid with a debit card, not a credit card,” Molnar said. million U.S.

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US Retail Cards Millennials 322

PYMNTS

JANUARY 21, 2021

Merchants, card issuers and banks are no strangers to facing off against evolving fraud threats. The pandemic has driven consumers to make the bulk of their purchases online, leading many businesses and retailers to struggle with securing their digital infrastructures and payments processes while managing floods of orders.

Fraud 148

Fraud Strategy Study Cards 148

PYMNTS

MARCH 30, 2020

Debit cardholders often choose this payment method because it is more secure than carrying cash — which cannot be recovered if lost — and may safeguard them against spending more than they have, which is not the case with credit cards. Rising generations show a keen interest in debit cards, according to a new report.

Cards 165

Cards Security cryptocurrency Payments 165

William Mills

APRIL 7, 2016

Observing the financial struggles their parents endured, the millennial generation — those born between the early 1980s to the early 2000s–have developed a different point of view about finances and the financial industry than those of the baby boomers or Generation X.

Millennials 40

Millennials social media Video Resources 40

CB Insights

JULY 25, 2019

Fintech is often associated with digital tools targeted at tech-savvy millennials. Financial education tools are being tailored to seniors. Money management tools are helping people stay independent. Financial collaboration tools target families & caregivers. get the REPORT on next generation investors.

Millennials 73

Millennials Fintech Tools Fraud 73

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?

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Retail Cards Fraud Data 100

PYMNTS

OCTOBER 30, 2019

Online tools are saving customers time on acquiring goods and services. Unfortunately, these tools are also saving time for fraudsters, who are seeking to acquire those customers’ funds. Card-not-present (CNP) fraud is a particularly sizeable threat, and fraud is increasingly afflicting eCommerce and cross-border trade.

Fraud 101

Fraud Millennials Resources Tools 101

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.

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San Francisco Millennials Tools Management 170

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. Younger millennials and Gen Z buyers—those born after 1980—represent 45% of the total homebuyer market. Plenty of tools in the box. By Beth Mattson-Teig. Click to enlarge.

Community Bank 143

Community Bank Community Millennials Resources 143

PYMNTS

OCTOBER 21, 2020

The new site focuses on electronics in five categories: laptops, portable audio, power tools, small kitchen appliances and vacuums. To expand gently used gear to more members across the country, REI launched its online reCommerce business in 2018, supplementing its members-only Garage Sale events in its stores.

Branding 192

Branding Samsung Meeting Millennials 192

BankBazaar

JULY 17, 2019

Whenever you want to buy an insurance plan, the first thing that comes to your mind is whether you should contact an insurance agent or buy it online, huh? This online facility not only helps customers compare and choose the best insurance product that suits their needs but also lets them buy the same at a lower premium.

Policies 60

Policies Online Comparison Millennials 60

NCR

JUNE 21, 2016

According to a recent study , all four of the leading banks are among the ten least-loved brands by Gen Y, and one in three millennials revealed they’re open to switching financial institutions in the next 90 days. Millennials don’t like traditional banks and don’t see any stark differences between them. The Rise of the Digital Bank.

Millennials 45

Millennials Data Study Digital Banking 45

PYMNTS

DECEMBER 22, 2018

The online retailer sold smaller versions of the trees last year, but online orders of Christmas trees made up only a small portion of overall sales of the trees. It’s always been easy to buy an artificial tree online,” Hundley said. Now it’s easy to buy a real tree online.”. Digital Boost For Old Traditions.

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Industry Millennials National Online 134

PYMNTS

SEPTEMBER 3, 2020

with cash — and consumers are even starting to ditch plastic cards. He noted that ordering grocery items online and having them delivered is a practice quickly gaining traction. For members of the millennial or Generation Z cohorts who are comfortable in the app world, payment preferences boil down to choice and control.

Payments 262

Payments Security Millennials Retail 262

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. The Tracker also explores what tools and technologies may prove beneficial for lenders looking to meet those needs. Around The Disbursements World.

Lending 163

Lending Examples Tools Meeting 163

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. The rollout of Apple Pay has long been viewed as Apple’s attempt at supplanting shoppers’ utilization of tangible cards for in-store purchases as their main payment method.

Apple 149

Apple Maine Millennials Bitcoin 149

NCR

DECEMBER 8, 2016

Given the millennial generation are often described as ‘digital natives’ who have grown up comfortable with technology such as online and mobile banking, this may seem like a reasonable assumption. The post Are interactive offerings the way to attract millennials? But is this necessarily the case?

Millennials 40

Millennials Survey Mobile Tools 40

PYMNTS

NOVEMBER 27, 2017

It’s time to shift gears when it comes to a commonly held perception about millennials and vehicle ownership. After years of believing millennials were disavowing the practice, recent studies indicate the millennial generation is kicking the tires on the concept of owning or leasing their own set of wheels after all.

Trends 120

Trends Mobile Millennials Payments 120