PYMNTS

OCTOBER 30, 2017

As millennials continue to grow their presence in the small business (SMB) community, the dynamics of SMB finance are also changing. According to some experts , millennial small business owners no longer accept mediocre or sub-par services from their financial providers. million millennials now make up more than a quarter of the U.S.

Millennials 109

Millennials North Carolina South Carolina social media 109

PYMNTS

SEPTEMBER 29, 2020

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. And there's a huge opportunity. That is a shift towards people wanting to spend their own money,” he said. “So, These questions are tough to answer so far.

Millennials 251

Millennials Retail Online Branding 251

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

FEBRUARY 14, 2020

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. Reynolds CEO: Recreating Grocery’s Home Goods Aisle For The Millennial.

Retail 141

Retail Cards Millennials Fraud 141

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. Second Chances.

Millennials 118

Millennials Branding Mobile Apple 118

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

APRIL 24, 2017

The long-suffering team at American Express has a new headache to handle — losing the love of those millennial customers. and yes, this looks like card data breach. American Express cards, from time immemorial, has signaled affluence among holders — particularly the Platinum Card. Ready to jump in?

Millennials 109

Millennials Cards New York Branding 109

PYMNTS

MARCH 18, 2020

percent of consumers noted they would switch financial institutions (FIs) for a better financial app, a number that jumps up to 41 percent among bridge millennials. Cards — debit or credit — they say, are not really their core business. percent indicated they would be at least somewhat likely. Meanwhile, 28.5

Cards 217

Cards Tools Mobile Google 217

PYMNTS

MARCH 2, 2020

This month’s Deep Dive digs into the data that guides staffing agencies’ payroll disbursement decisions, including payroll cards ’ pros and cons. Employees’ Payroll Card Opinions. Checks have been common in temporary staffing, but disbursements to reloadable debit cards are drawing new interest. rose from 3.1 million by 2022.

Cards 130

Cards ATM United States Payments 130

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. Part of that includes reminding consumers to use their contactless cards when they check out in their stores (if they have one) or their mobile wallets (if they choose). Uber and Starbucks pioneered it.

Cards 147

Cards Study Maine Payments 147

PYMNTS

FEBRUARY 13, 2020

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. ” Smith noted that both fuel and healthcare contributed to the strong performance, pointing to integrations with Noventis, Discovery Benefits and Go Fuel Card as examples of its core success.

Millennials 150

Millennials Examples Cards Groups 150

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

DECEMBER 10, 2020

According to PYMNTS’ new study, Buy Now, Pay Later: Millennials and the Shifting Dynamics of Online Credit , which surveyed nearly 15,000 U.S. Specifically, this financing option is not a last resort, because the majority of BNPL users have higher-than-average incomes as well as access to multiple payment options, including credit cards.

Study 173

Study Millennials Survey Online 173

PYMNTS

JULY 1, 2020

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. This “better app” would also offer transaction confirmations and alerts, card location controls and the ability to track and redeem rewards. .

Survey 183

Survey Cards Millennials ATM 183

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

PYMNTS

DECEMBER 31, 2019

shoppers “finally [beginning] to embrace mobile payments and contactless cards to pay in-store.”. That shift will be driven, in part, by more card issuance from banks, said Garg. Fagan predicted that contactless card adoption will also spur mobile wallet use. Here Come The Millennials.

eBook 170

eBook Millennials Cards Survey 170

Jeff For Banks

APRIL 4, 2024

Consumer Demographics and Changing Customer Demands Remember all the pre-pandemic talk about millennials? You couldn't go to a conference without every presenter having millennial this or millennial that on their slide decks. Now the oldest millennial is 43 (see table by Statista).

Banking Trends 119

Banking Trends Trends Millennials Oregon 119

PYMNTS

SEPTEMBER 3, 2020

with cash — and consumers are even starting to ditch plastic cards. For members of the millennial or Generation Z cohorts who are comfortable in the app world, payment preferences boil down to choice and control. 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

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?

Retail 100

Retail Cards Fraud Data 100

South State Correspondent

AUGUST 16, 2023

Home equity lines of credit (HELOCs) and bank card usage are up 24% and 17%, respectively. Consumer Credit – Auto Loan The lack of inventory, higher rates, and higher prices present a confluence of events that we have not seen before and are likely to cause greater bank model inaccuracy. Unsecured personal loan usage is up 21%.

Trends 195

Trends Cards Capital Data 195

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

DECEMBER 22, 2020

The overall cautiousness and sense of financial prudence, he said, can be seen in the fact that consumers are embracing debit transactions over credit, using cash on hand rather than choosing to build their liabilities on a credit card. That's what the millennial and younger consumer prefer to use.”.

Cards 308

Cards Maine Millennials Course 308

PYMNTS

AUGUST 23, 2019

Corporate eCommerce card company Brex recently announced a partnership with leading SaaS eCommerce platform BigCommerce. Trending: Meeting The Millennial Need For AI-Powered Visual Shopping. Fraud remains an ever-present challenge, however, and marketplaces worldwide are deploying new defenses. .

Marketing 116

Marketing Millennials Payments Compliance 116

PYMNTS

JANUARY 3, 2020

It seems extra crazy for the education market, considering that the people taking out and paying off college loans today don’t rely much on checks and don’t see paper in their future – in fact, they don’t even see it in their present. In Q3 2019, credit card issuer JCB International Co., Tuition Goes to Grad School.

Payments 130

Payments Millennials Cards Study 130

PYMNTS

JULY 31, 2019

especially in urban areas and among millennials,” said Andrew Quartermaine, vice president, ACI Worldwide. retailer to introduce both chip-and-pin and contactless cards in the U.K. ACI Worldwide announced in June the rollout of debit card disbursements that tap into the Visa Direct and Mastercard Send real-time payments platforms.

Retail 139

Retail Millennials Mobile Operations 139

PYMNTS

JANUARY 21, 2021

Merchants, card issuers and banks are no strangers to facing off against evolving fraud threats. This digital shift coincides with consumers’ growing trend toward using debit cards for eCommerce as well as for brick-and-mortar purchases. A PYMNTS study on U.S.

Fraud 148

Fraud Strategy Study Cards 148

PYMNTS

JUNE 25, 2019

But amid that growth is a fresh trend that could present challenges for law enforcement — the use of such payment methods for illicit transactions, including drug deals. P2P and Millennials. A possible limit to Zelle’s service — at least, for the time being — is its status as a payment method that relies on bank rails, not card rails.

Payments 115

Payments Marketing Millennials Trends 115

PYMNTS

DECEMBER 22, 2018

No matter what, though, the present and future of real Christmas trees — even if bought in a weekend frenzy — owes much to digital technology, eCommerce and the consumer preferences of younger buyers. That is helpful especially for “millennial and Generation Xers,” he said. An longstanding adage — cliché?

Industry 134

Industry Millennials National Online 134

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. In Millennial parlance, that’s “harsh.”.

Millennials 40

Millennials Fraud social media Survey 40

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 trend is unlikely to abate as younger generations gain greater influence in corporate buying.

Customer Experience 152

Customer Experience Fraud Millennials Security 152

PYMNTS

NOVEMBER 13, 2019

As Vladic told PYMNTS, the days of consumers visiting websites, calling 800 numbers and waiting on hold for seven minutes, entering an alt ID phone number so they can be rewarded for spending with a plastic card are over. He noted that card-linked and merchant-funded offers had been a staple of retail for more than a decade.

Millennials 118

Millennials social media Retail Cards 118

BankBazaar

JANUARY 9, 2020

Let’s take stock of the key insights garnered from the Moneymood 2020 report presented by BankBazaar. It offers insights from the credit purchase trends in India in 2019 and presents the outlook for 2020. Millennials between the age of 26 and 35 were the primary drivers, marking a 43.38% growth in applications in this segment.

Report 136

Report Metro Cards Trends 136

PYMNTS

FEBRUARY 6, 2020

Its STYLE360 initiative will be dedicated to showing fashion presentations at Metropolitan Hall along with “see and shop experiences” over a two-day period — Tuesday, Feb. The brand will host a pop-up store where attendees can shop straight from the presentations on-site. 11 and Wednesday, Feb.

Retail 142

Retail New York Branding Millennials 142

PYMNTS

JANUARY 9, 2020

Issuers sent cards to consumers and providers sent point-of-sale (POS) devices and terminals to merchants. But the lines of commerce have blurred, presenting both challenges and opportunities for merchants to engage with their targeted shoppers. Bringing consumers and merchants together used to be a fairly straightforward process.

Payments 151

Payments Case Study User Experience Millennials 151

PYMNTS

OCTOBER 30, 2019

Card-not-present (CNP) fraud is a particularly sizeable threat, and fraud is increasingly afflicting eCommerce and cross-border trade. Tackling Millennials’ $71M eCommerce Fraud Problem. Even tech-savvy millennials fall victim to scams, with this generation losing $71 million to eCommerce fraud over the past two years.

Fraud 101

Fraud Millennials Resources Tools 101

PYMNTS

AUGUST 4, 2017

Additionally, she noted, that innovation must address the needs of both baby boomer and millennial consumers alike, along with the needs of smaller businesses. It’s not just millennials using these services,” she said, noting that access to digital services is appealing to most age groups. When ‘Wait And See’ Won’t Cut It Anymore.

Community Bank 116

Community Bank Community Innovation Millennials 116

PYMNTS

MARCH 6, 2019

There is no longer much tolerance, or enthusiasm, on the part of consumers for digging into one’s pocket to find money or a payment card, or doing the mental math (well, OK, a smartphone has a calculator) to figure out how much to tip a driver. Nowadays, one’s card is on file with the ride-hailing service.

Retail 148

Retail Payments Online Course 148