PYMNTS

NOVEMBER 17, 2017

credit cards, but averages can be a bit misleading. For example, that figure includes a full 30 percent of Americans who don’t carry or use a credit card at all. The average credit card-wielding American carries about four different cards (3.7 Among millennials, that number drops below 30 percent. to be exact).

Millennials 104

Millennials Cards Lending Payments 104

PYMNTS

NOVEMBER 27, 2018

Convenience store operators would be wise to pay close attention to the purchasing habits of a certain subset of consumer: the Bridge Millennial — the first generation of connected consumers with spending power. Building A Better Bridge Millennial Gas App. percent), credit cards (11.1 So what do BMs want from a gas app?

Millennials 130

Millennials Mobile Payments Survey 130

PYMNTS

NOVEMBER 19, 2019

Payments is in a state of constant change, with decision points shifting as fast as each innovation, disruption and tweak in consumer behavior. Financial institutions (FIs) face the issue of whether to outsource their credit card programs or do it themselves – a decision that will maintain its importance in the coming new decade.

Cards 140

Cards Apple Data Innovation 140

PYMNTS

DECEMBER 31, 2020

Key Data Points: 60 percent of small restaurant operators have had their revenues decline since the pandemic began. Accelerating The Real-Time Payments Demand Curve: What Banks Need To Know About What Consumers Want And Need. percent of millennials believe it is “very” important to receive payments in real time.

Data 277

Data Innovation Payments Millennials 277

PYMNTS

MARCH 8, 2019

News came this week, as noted across sites such as CNBC , that millennial homeownership has been creeping along. Bankrate polled 1,500 homeowners, and found that 63 percent of millennials say they have regrets about having bought the home they are in. But the down payments taken on were roughly 8.8 percent, compared to 11.9

Millennials 109

Millennials Taxes Lending Regional 109

PYMNTS

SEPTEMBER 29, 2020

Consumers are shopping more online , are increasingly interested in contactless payment methods and are showing up in stores to buy, not to browse. We see millennial and Gen Z customers absolutely shopping, and the brands that deeply understand them are growing at faster rates than they have ever grown before,” Molnar said.

Millennials 251

Millennials Retail Online Branding 251

PYMNTS

NOVEMBER 5, 2018

According to the firm, B2B transactions were a key driver of ACH transaction growth in the third quarter of the year, leading NACHA Chief Operating Officer Jane Larimer to describe the ACH Network as “thriving.”. New data has emerged about how SMBs use other payment rails , including cards and wire transfers. NACHA said 43.2

Payments 171

Payments Survey Millennials Cards 171

PYMNTS

DECEMBER 6, 2019

The growing significance of the gig economy is changing how businesses handle their payments. The Next-Gen Payments Report, a PYMNTS and American Express collaboration, examines how businesses are redesigning their AP and payroll to serve gig workers’ needs and stay current with a changing economy.

Tools 186

Tools Payments Millennials Strategy 186

PYMNTS

SEPTEMBER 3, 2020

Only 26 percent of all consumer payments are made in the U.S. with cash — and consumers are even starting to ditch plastic cards. Many of these smaller firms, he said, did not have individual, digitized payment experiences woven into their overall operating infrastructures before the pandemic hit. The Demographics .

Payments 262

Payments Security Millennials Retail 262

PYMNTS

JUNE 14, 2018

Millennials are a force to be reckoned with, as they are made up of approximately 90 million individuals with significant spending power: By 2030, their aggregate annual income is projected to be more than $4 trillion. Attracting Millennials. Approximately 75 percent of Gravy’s users are millennials. Payments And Cash Back.

Millennials 118

Millennials Branding Mobile Apple 118

PYMNTS

DECEMBER 6, 2019

It’s the end of the workweek, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and commerce news. We have a deep dive into Colorado’s digital driver’s license effort and news on Alphabet’s new CEO, as well as data on millennial Black Friday spending. operations. Top News

Millennials 101

Millennials Colorado Google Leadership 101

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

APRIL 24, 2017

On the slightly more serious side of the payments news this week, BJ’s Wholesale Club looks like it’s going up for sale — and the rumor of the week is that Amazon is thinking about buying it. The long-suffering team at American Express has a new headache to handle — losing the love of those millennial customers. Ready to jump in?

Millennials 109

Millennials Cards New York Branding 109

PYMNTS

SEPTEMBER 27, 2020

Sezzle , the installments payments platform, will be working on buy now, pay later (BNPL) services with Target , a press release says, which will test how the popular payment trend works with the retail giant's operations.

Leadership 302

Leadership Millennials Retail Study 302

PYMNTS

JUNE 1, 2020

Capturing and then enabling card-on-file payments when consumers buy the products or services they consume in the physical world. Like payments terminals. Not surprisingly, to make consumers more comfortable shopping and checking out in their stores, retailers have rushed to enable a “ contactless ” payment experience.

Cards 147

Cards Study Maine Payments 147

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

OCTOBER 16, 2019

Today in the payment’s news roundup, Goldman Sachs CEO David Solomon said there has been a lot of demand for Apple Card as of its launch in August. Goldman CEO Boasts Of High Apple Card Demand. Goldman Sachs CEO David Solomon noted that there has been a lot of demand for Apple Card as of its launch in August.

Apple 108

Apple Cards San Francisco Payments 108

PYMNTS

MAY 13, 2019

The spotlight burned brighter for peer-to-peer (P2P) payment services in the first quarter of 2019, with those payment methods finding popularity among more consumers. Perhaps the biggest story in P2P, though, is the ongoing battle between P2P providers Zelle (operated by Early Warning Services ) and Venmo (owned by PayPal ).

Payments 198

Payments Apple Cards Course 198

PYMNTS

DECEMBER 14, 2020

40% : Share of medical claim payment transactions carried out with paper checks. 20-25 : Number of verticals in which OMNi hopes to operate down the road. 55% : Share of millennials who are interested in giving digital gift cards this year.

Millennials 160

Millennials Retail Data US 160

PYMNTS

APRIL 24, 2019

Digital payment company Zelle sent $39 billion through its network on 147 million transactions during the first quarter of this year, the company said in a news release. Early Warning Services LLC, which is the network operator behind the company, announced the Q1 news on Wednesday (April 24).

Payments 154

Payments Millennials Groups Company 154

PYMNTS

JUNE 17, 2019

The rise of faster payment systems has become a global phenomenon. 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.

Payments 201

Payments System National Mobile 201

PYMNTS

FEBRUARY 13, 2020

Payment processing was good to financial transaction provider WEX in 2019, as the company reported double-digit growth for the year in its earnings report today. While the company is known for its payment solutions aimed at fuel for fleet services, it also has grown its corporate card and U.S. healthcare business.

Millennials 150

Millennials Examples Cards Groups 150

PYMNTS

JULY 31, 2019

Mobile technology by payments provider ACI Worldwide is a crucial part of the Co-operative Group’s (Co-op) new pay-in-aisle app, the firm said in a July 31 press release. . The new system will use ACI’s Mobile Commerce SDK and will be available alongside existing payment methods like cashiers and self-scan tills, the release said.

Retail 139

Retail Millennials Mobile Operations 139

PYMNTS

DECEMBER 3, 2019

In today’s top payments news, Wells Fargo has selected former Santander head executive Scott Powell to be its new chief operating officer. Also, Visa is working with four global finance firms to help FinTechs issue plastic as well as digital payments. operations. He will also serve on the bank’s operating committee.

Fintech 132

Fintech Colorado Payments Operations 132

PYMNTS

AUGUST 4, 2017

Are community banks missing the chance to climb aboard the faster payments train? In late July, the Federal Reserve Faster Payments Task Force released its much-anticipated report on how to strengthen and operate the U.S. faster payments system. faster payment system. Community banks] have to be more proactive.”.

Community Bank 116

Community Bank Community Innovation Millennials 116

PYMNTS

MAY 1, 2020

Plus, Visa reported earnings that show a strong shift to contactless payments. Visa posted fiscal second-quarter results that showed a plummet in spending amid the coronavirus pandemic, offset by a switch to contactless payments. Tradesy CEO: Millennial Women, Louboutin Shoes And Restarting The Economy.

Maine 141

Maine Millennials Payments Analysis 141

PYMNTS

JULY 15, 2019

Of all the banking institutions releasing Q2 earnings this week, watch for JPMorgan, whose strong performance can be credited to a growing millennial customer base and continued digital innovation. Continued development of JPM Coin has garnered interest from customers around the world, especially millennials.

Innovation 139

Innovation Millennials Conference cryptocurrency 139

PYMNTS

OCTOBER 23, 2020

It was a busy week for commerce and payments, as Apple Pay turned six and J.P. 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. 2021: The Year Business Payments Go Digital And Lose The Paper Check.

Apple 149

Apple Maine Millennials Bitcoin 149

PYMNTS

JULY 7, 2020

BNPL involves buying something on an installment plan of a few payments, often with few, if any, fees or interest charges for the consumer. For example, Afterpay, which operates in the United States, United Kingdom, Australia and New Zealand, recently reported that it served 4.4 users are millennials or from Generation Z.

United States 131

United States Millennials Examples Cards 131

PYMNTS

AUGUST 21, 2018

The pumps are often grimy, card readers might not work, the air might be frigid or hot, and there may be an odor associated with rubber, petroleum or refuse. Buying fuel is not a desirable purchase,” said Rod Tos, manager of customer payments and card services for energy provider Chevron. In-Dash Payments.

Payments 116

Payments Millennials Study Mobile 116

PYMNTS

AUGUST 10, 2020

Instant payments are one of these solutions, allowing companies to digitally transfer funds 24/7 year-round. Consumers and other businesses can access their tax refunds, benefits, freelance income, insurance claims, dividend payments and other disbursements within 30 minutes of being paid — sometimes even within seconds.

Report 228

Report Payments Millennials Cards 228

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. And it really depends on their target demographic and where they operate.”.

US 206

US Retail Millennials Trends 206

PYMNTS

NOVEMBER 17, 2017

One area of (overlooked) potential lies with credit cards. But the financial world is changing, Moorer told PYMNTS, due to generational shifts and consumers’ needs transitioning from baby boomers to the millennial. Issuing cards and creating a payments strategy, he said, can help community banks innovate in effective and exciting ways.

Community Bank 115

Community Bank Community Cards Lending 115

PYMNTS

AUGUST 14, 2019

Peer-to-peer (P2P) payments are blazing a hotter path in the digital economy as the second half of 2019 gets underway – and there is fresh evidence that the payment method is not only growing, but helping to influence related endeavors. The freshest news from this part of the global payments world demonstrates those points.

Payments 124

Payments Trends Cards Comparison 124

PYMNTS

MARCH 17, 2020

Yet this assumption, according to Jason Polancich, CEO of Invoia , fails to take into account the millions of SMBs throughout rural America, where many business owners — even millennial entrepreneurs — simply aren’t interested in complex technological solutions. SMBs’ Technology Challenge.

Millennials 168

Millennials User Experience Alabama Tools 168

PYMNTS

NOVEMBER 20, 2019

Customer-facing markets such as financial services and insurance have greatly benefited from real-time payments, and healthcare could be next. Real-time payments can address these pain points by granting claimants quicker access to funds and providing more precise data regarding insurance payments’ purposes.

Payments 111

Payments System Cards Marketing 111

PYMNTS

MAY 4, 2017

Among the more popular players in the P2P space is Venmo, a mobile payment platform owned by PayPal. The peer-to-peer mobile payment service offers a social media element aimed at making the exchange of money more fun for both sides of the transaction. Venmo has a reputation for being popular among the millennial generation.

social media 104

social media Payments Millennials Mobile 104