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

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.

San Francisco 170

San Francisco Millennials Tools Management 170

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

South State Correspondent

JULY 19, 2023

These tools can give a bank marketing team of five the power of 20. The benefits of the industrial revolution accrued to shareholders, management, and workers that could be trained to become operators. Bank marketers that start training now will become AI operators in the very near future -measured in days, not years.

Marketing 195

Marketing Training Video Tools 195

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

PYMNTS

DECEMBER 20, 2019

but after almost 50 years, it began to fade out in the 80s, disrupted by the emergence of store-branded credit cards. That’s how store-branded cards got their advantage in the first place, he noted, that feeling of satisfaction of actually having the product in one’s hand is a powerful motivator.

Millennials 137

Millennials Retail Tools Branding 137

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

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. Digital Tools Make B2B Furniture Rental Fast And Flexible. However, the transition into eCommerce is not without challenges.

Mobile 197

Mobile Online Payments Tools 197

PYMNTS

SEPTEMBER 3, 2020

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. Cash will always have a place among consumers — but its use is dwindling. Security Is Top Of Mind .

Payments 262

Payments Security Millennials Retail 262

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. operations. Wells Fargo has tapped former Santander head executive Scott Powell to be its new chief operating officer. He will also serve on the bank’s operating committee.

Fintech 132

Fintech Colorado Payments Operations 132

PYMNTS

JANUARY 27, 2020

More workers in the United States and around the world are beginning to ask for updated expense tools as business becomes more interconnected. To learn more about how her company is using flexible spend tools to ensure events go as planned, visit the Playbook’s Feature Story. The Latest Workforce Spend Headlines. About The Playbook.

Management 160

Management Taxes Tools Metro 160

PYMNTS

OCTOBER 21, 2020

The program is operable immediately. The new site focuses on electronics in five categories: laptops, portable audio, power tools, small kitchen appliances and vacuums. Beginning this month, REI members can trade in their own used gear through the co-op's online, member-only trade-in program to receive REI gift card credit.

Branding 192

Branding Samsung Meeting Millennials 192

PYMNTS

MAY 4, 2017

Cash as a Budgeting Tool. As for demographics, Pierce stated that tech use does indeed skew younger, but that millennials do use a hybrid of cash and digital payments. Cards are perhaps proving a sticking point in the move toward electronic payments. Another lure, according to Pierce: “Being able to budget their money.”.

ATM 192

ATM Millennials United States Study 192

PYMNTS

FEBRUARY 27, 2018

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. And as of late, emerging solutions are increasingly calling the effectiveness of common legacy identification tools into question. News From the Digital ID Space.

Security 110

Security Report National Millennials 110

PYMNTS

AUGUST 4, 2017

In late July, the Federal Reserve Faster Payments Task Force released its much-anticipated report on how to strengthen and operate the U.S. With various banks and FinTechs producing innovative solutions — like mobile banking and P2P tools aimed at improving the speed of payments — the pressure is on for community banks to keep up.

Community Bank 116

Community Bank Community Innovation Millennials 116

PYMNTS

DECEMBER 22, 2018

A big part of those online sales is the ability of eCommerce operators to deliver those products to buyers in short order to customers — 10 days or less after being cut seems to be a typical time frame, one that’s obtainable and repeatable thanks in large part to the logistical advances made or inspired by Amazon in recent years.

Industry 134

Industry Millennials National Online 134

PYMNTS

AUGUST 12, 2019

In early August, for instance, Groupon bought an AI-driven voice and text messaging tool called Presence AI , according to a press release. The tool is meant to enhance a customer’s ability to communicate with a merchant. After the first payment, participants can get a $5 Starbucks gift card. The program costs $4.99

Cards 100

Cards Online United States Chicago 100

PYMNTS

FEBRUARY 1, 2019

The fourth quarter of 2018 was kind to Venmo and Zelle , the two big peer-to-peer (P2P) services that are battling for consumer loyalty and market supremacy — a fight that pits PayPal , the owner of Venmo, against the banks that operate Zelle. Any merchant that accepts Mastercard payments can accept the Venmo cards. million U.S.

Cards 179

Cards Payments Mobile Operations 179

PYMNTS

DECEMBER 30, 2019

for millennial and Generation Z workers. However, it is important for companies to recognize that even minuscule delays for seemingly small amounts can have harsh, lasting consequences for their employees and operations. A lack of travel naturally leads to a lack of new business, which then affects revenues and overall operations.

System 131

System Report Management Tools 131

PYMNTS

MAY 4, 2017

Between Venmo’s services and new competitors like Zelle arriving on the scene, consumers have plenty of tools and solutions at their fingertips to help them send money requests to friends and families to split expenses. Venmo has a reputation for being popular among the millennial generation.

social media 104

social media Payments Millennials Mobile 104

PYMNTS

NOVEMBER 26, 2018

Sixty-two percent of bridge millennials say that if an app is convenient, they might use it to pay at a gas station. This demographic , which ranges from 30 to 40 years of age, is younger than Gen X-ers but older than most millennials. Almost half – or 49.4 As it stands, 122,000 C-store locations sell gas in the United States.

Marketing 153

Marketing Mobile Millennials United States 153

PYMNTS

FEBRUARY 11, 2020

Customers participate through a customer intake program in the Nordstrom New York City store in exchange for Nordstrom gift cards that can be spent at its signature brands as well as its owned brands HauteLook and Trunk Club. It is playing the sustainability card this year, with Fashion Footprint Calculator.

New York City 124

New York City Marketing New York Los Angeles 124

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

FEBRUARY 20, 2019

The challenger bank acquired a banking license when it launched, and offers each customer a fixed savings account, two credit cards and an app that offers personal spending advice. Digital-only bank Tandem announced that it now has more than 500,000 users since it launched last year.

Digital Banking 155

Digital Banking Millennials America Lending 155

PYMNTS

JULY 30, 2019

Such tools are no longer at the far reaches of the universe, and today’s technologies would make the Enterprise’s crew feel right at home. Accents also presented a problem for the Texas-based chain, as voice recognition tools have historically had trouble interpreting certain dialects. Security and Privacy Issues.

Technology 119

Technology Mobile Google Software 119

PYMNTS

DECEMBER 28, 2018

These secretly vulnerable consumers, Webster noted, often use debt to make ends meet, either on credit cards or through alternative vehicles like online lenders. As millennials grew up and entered their 30s, the adults they became weren’t quite the people forecasted by analysts, according to the PYMNTS Connected Consumer Report.

Millennials 145

Millennials Lending System Data 145

Perficient

MAY 17, 2022

Total outstanding debt in the sector grew by $84bn to $1.46tn, outpacing the increase seen in student and credit card debts combined.” Delinquency rates are rising to levels not seen since the Great Recession, especially among Millennials and Gen Z. Auto-loan originations in the U.S. Many consumers cannot afford these loans.

Strategy 294

Strategy Customer Experience Study Technology 294

PYMNTS

MAY 6, 2016

The startup may not operate in the fleet card space, but Haven’s B2B solution can certainly impact the bottom line. Haven, which operates in Singapore, Europe and the U.S., said it will use the new funds to expand operations across Asia and Europe. Turns out, it wasn’t a total bust. Fleet Management. Accounting.

Fintech 100

Fintech San Francisco Capital Big Data 100

CB Insights

DECEMBER 10, 2020

The pandemic has also accelerated recent trends in banking, especially among the millennial demographic, which tends to favor digital banking and online brands over traditional banks. However, both brands have expanded to additional products, such as Venmo’s credit card and Cash App’s stock investing offering. . Business credit cards.

America 101

America Lending Cards San Francisco 101

PYMNTS

MAY 29, 2020

How are CUs utilizing videoconferencing capabilities on interactive teller machines (ITMs) to maintain their branch operations during the pandemic, and how is biometric technology helping them offer more secure, quicker and touchless ATM services? Consumers expect secure and fast access to digital tools.

Maine 130

Maine ATM Innovation Millennials 130

PYMNTS

MARCH 3, 2020

Even millennials , who heavily lean on remote banking, still visit physical bank locations for more complex functions, such as loan applications. Digital-first transformations can improve personalization and operating efficiencies, but they also bring challenges, including adoption-related costs and new avenues for fraud.

ATM 151

ATM Fraud Study Regional 151

PYMNTS

AUGUST 16, 2018

The survey found that 43 percent of high-income millennials said they would be more likely to visit a gas station if its app offered convenience, loyalty and savings. But the situation changes when talking about younger consumers. And those younger consumers do indeed visit gas stations.

Millennials 102

Millennials Mobile Payments Survey 102

FICO

JUNE 14, 2021

For many options, borrowers first create an account with each BNPL firm they want to use, providing their debit card or bank information as the payment mechanism. For these reasons, BNPL loans, which are convenient and fast, can be an excellent spend management tool. They can then choose the BNPL option at checkout. Testing the Limits.

Fraud 52

Fraud Cards Millennials Utah 52

PYMNTS

DECEMBER 24, 2019

26, the eCommerce operator — via its Alexa Skills Kit Blog — announced the debut of “two new Alexa capabilities that will help create a more natural and intuitive voice experience for your customers.”. The company has an option to transfer money to the bank without a debit card for the same fee. 4: An Increasing Number Of Devices.

Cards 160

Cards Payments Study Examples 160

PYMNTS

DECEMBER 27, 2019

Among the common themes to emerge: Change will come to the point of sale (POS), moved by the continued pivot to contactless ways to pay — and the demographic change that will bring the mighty millennial more buying power. Behind Sysco’s Spend Management Switch To Cards. Colombia Blocks Uber From Using Its Ride-Hailing App.

Taxes 101

Taxes Mobile Management blockchain 101

PYMNTS

APRIL 13, 2019

Better algorithms , visual search tools and concierge services are just a handful of the ways retailers young and old are attempting to ensure customers get the “right” products. And then there are the businesses where astrology is not a side offering – it’s the entire core of the operation. But are they really the right products?

Millennials 136

Millennials Retail New York City Branding 136

PYMNTS

MARCH 2, 2020

The more enabled, the data shows, the more quickly and flexibly an FI can respond to changing consumer patterns in areas like credit usable, the more products it can offer and the efficiency it can operate and optimize its offers. Among bridge millennials, Americans biggest earning and spending demographic, the figure jumps to 41 percent.

Innovation 222

Innovation Data System Mobile 222