CB Insights

OCTOBER 10, 2018

Startups targeting retail and commercial banking have been emerging globally, spurred by favorable tech regulations, an uptick in mobile adoption, and shifting customer demographics. This year in the US, JP Morgan launched mobile banking app Finn and Goldman Sachs’ retail banking arm Marcus crossed 1.5M Incumbents Play Catch-Up.

Retail 78

Retail Cards Millennials Mobile 78

TheGuardian

SEPTEMBER 18, 2021

Fintech firms are jostling to offer millennials interest-free payment plans as they shop online. Even those trying to buy it outright using a debit or credit card see reminders of “more ways to pay” flash up. Once a niche form of credit, buy now, pay later (BNPL) deals have exploded during the pandemic.

Millennials 73

Millennials Course Lending Fintech 73

PYMNTS

AUGUST 24, 2018

Recent days have brought the debut of the “first mobile-enable lottery card” in the state, according to the companies behind the card, Linq3 and Blackhawk Network. The product combines the gift card with the lotto entry, and here’s how it works, according to statement announcing the launch. Lotto and Payment Cards.

Ohio 103

Ohio Mobile Cards South Carolina 103

PYMNTS

JULY 15, 2016

When Amazon, the largest retailer by market cap, says that it had its best day ever , it’s hard not to call that a sizzle – and then some. Pokémon GO: Pet Rock or Opportunity To Rock Retail? The Summer’s Best Retail Opportunity? . We found one gigundo sizzle and three moderately sized fizzles. Amazon Sellers .

Retail 100

Retail FDIC Bitcoin Lending 100

Chris Skinner

FEBRUARY 3, 2017

Couple this with increasing regulation, historically low interest rates, and the fact that most (73%) millennials would prefer to get their banking services from a non-financial services company, and banks seem to be headed the way of Blockbuster. million banking jobs by 2025.

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Innovation Millennials ATM Data 150

PYMNTS

FEBRUARY 18, 2019

This week, I’m compelled to offer a few thoughts that go against the grain on several topics that made the news last week: Amazon’s NY HQ2 , card interchange fees and Facebook ad revenue. So, Amazon hasn’t just benefited its customers: It has forced retailers to lower prices and increase their levels of service.

Cards 169

Cards Course Study New York 169

PYMNTS

JUNE 7, 2019

As has been recounted in this space, the European Union’s SCA regulation looks to have hundreds of millions of consumers confirm they are who they say they are when they buy goods and services online. FinTech across the pond: Card giants are stepping up their support for FinTech , especially in Europe.

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Fintech Study Online Retail 101

PYMNTS

FEBRUARY 11, 2019

The youngest of the bridge millennials – those 30- to 40-year-olds who today represent the first generation of connected consumers with spending power – will be having their mid-life crises at the age of 50. Consumers won’t be walking up to a cashier after standing in a checkout line to swipe a card when they visit a store.

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Online Retail Mobile Branding 197

Independent Banker

NOVEMBER 25, 2015

“We are going to have to lean into this digitized world, so that we can continue to serve our customers well into the 21st century,” ICBA President and CEO Cam Fine told the 24th World Congress of Savings and Retail Banks in Washington, D.C., See “Closing the Gap” in the November 2015 issue, online at www.independentbanker.org.).

Community Bank 70

Community Bank Community Analytics Lending 70

Insights on Business

FEBRUARY 27, 2019

To ensure success in 2025, however, the focus should be on customers who use newer models in digital channels: Generation Y, Z, and Alpha, too—the children of millennials. Use case: Focus on the millennial market with mobile. Banks were very successful in selling point-of-sale equipment to brick and mortar retailers for payments.

Customer Experience 107

Customer Experience Mobile Millennials Examples 107

PYMNTS

MARCH 2, 2020

For all the differences between finance and retail, that same overriding consideration around providing a better experience around a better value is now pushing its way into consumer-facing financial services. Among bridge millennials, Americans biggest earning and spending demographic, the figure jumps to 41 percent.

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Innovation Data System Mobile 222

PYMNTS

SEPTEMBER 17, 2019

Interest rates on pawn loans vary as they are regulated by states. At the low end of the spectrum, consumers will pay an APR of 25 percent a month, roughly comparable with a high-rate credit card. In its press releases, the firm seems to much prefer the term “specialty financial services and retail company.”.

Ohio 151

Ohio Lending Iowa South Dakota 151

PYMNTS

DECEMBER 7, 2017

Discover has announced that transactions via the new Apple Pay Cash card will leverage its network. Even millennials are too old for Facebook’s latest release, a just-for-kids messaging app called Messenger Kids. They created another mask using just 2-D and 3-D printers, at a cost of around $150, which tricked the technology easily.

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Apple social media Google Video 111

PYMNTS

JUNE 1, 2017

Millennials and Generation Y have grown up with cybercrime, the executive stated, and parents must have “another type of talk” with their kids: the online safety and security talk, as Volmar termed it. dollar payments via mobile phone versus, say, a cash card from Walmart or some of the other retailers.” .

Payments 110

Payments System Software Mobile 110

PYMNTS

SEPTEMBER 3, 2018

It’s not about price — coupon a, promo code, discount loyalty programs long touted as the holy trinity of driving retail loyalty don’t have that much effect — in fact, loyal customers pay more 3 percent to 4 percent on average rather than less. Retailers are where these consumers go to find these new products.

Innovation 100

Innovation Branding Retail Regulation 100

PYMNTS

JANUARY 31, 2020

For Chinese consumers, the partnership will allow any UnionPay consumer to link their card credentials to a PayPal wallet — and start transactions with PayPal’s 24 million merchants worldwide. That is a lot more than the card networks have right now.”. But in the long term, that isn’t going to disrupt the banks.

Bitcoin 100

Bitcoin Payments Los Angeles blockchain 100

CB Insights

JULY 11, 2019

A number of specific factors are driving these changes: There are massive demographic shifts occurring in the market for customers, where millennials now make up the majority of the labor market. Nubank is the largest challenger bank today and has 9M customers (across credit cards and bank accounts). cbi_cta id=70404.

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Fintech cryptocurrency Examples Cards 64

PYMNTS

MAY 30, 2016

To add insult to injury here, the Census Bureau’s accounting for online sales as a percentage of retail sales may not be keeping up with the reality of what consumers are doing. Individuals who may not have traditional access to credit — millennials, immigrants, the unbanked, etc. — Unattended Retail. Global Fraud Attacks.

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Trends Retail Fraud Mobile 100

PYMNTS

MAY 21, 2020

These individuals are in no mood for transactions that would add to their existing bills, meaning credit card fees and interest are factors when they shop for goods and services — and sometimes tip them toward abandoning their carts entirely. BNPL provider Afterpay stated it saw $1 billion in U.S. sales and served 4.4 and Australia.

Millennials 202

Millennials Examples Retail Cards 202

PYMNTS

SEPTEMBER 6, 2016

Payments had been relatively static with innovation around cash, checks and credit cards. Of course, it’s not just the FinTech industry and tech-savvy millennials who are fueling digital change. Telcos and retailers weren’t far down the list. Then, there was sudden exponential growth in innovation.

Security 100

Security CA Payments Big Data 100

Tomorrow's Transactions

JANUARY 25, 2016

When I’m working out of our US office I use a Simple account (now owned by BBVA which actually is a bank) but Simple wasn’t a bank, Simple was a prepaid card and an app, but to me the consumer it looked like a bank and it was more than adequate for my purposes. The millennials are happy with Venmo and so on.

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Trends Payments Millennials blockchain 39

PYMNTS

DECEMBER 24, 2018

Voice-assisted retail is growing faster than many observers expected, and some 27 percent of consumers own a voice-activated device, up from 14 percent last year. 5: With Payment Cards. Credit and debit cards are also the preferred method of paying when consumers travel abroad. 10: With Contactless Cards.

Cards 207

Cards Payments Mobile Millennials 207

PYMNTS

SEPTEMBER 22, 2016

Retailers can already count on more goods flying off their shelves this holiday season, judging by consumer spending. And, according to Pew Research, millennials are the group most concerned about running out of data (and the group most likely to use a mobile phone for payments). will increase by 33.8 percent to $7.77 billion, or 13.3

Mobile 100

Mobile Video Millennials Payments 100

Gonzobanker

DECEMBER 20, 2019

Second Curve analyst Zack Maxfield opened a TD Bank checking account on his phone in nine minutes while he waited to speak with a teller at one of the bank’s branches, but waited an hour to fund the account and order a debit card. So many miles to go, retail bankers! The Tech Award – Goes to Capital One. Might be time to.

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Idaho Conference Data Marketing 148

PYMNTS

JUNE 11, 2019

First, executives must strive to comply with security and regulation mandates, which dictate how data is collected and ultimately used. It typically includes credit card data, addresses, names and even Social Security numbers. Second, executives must aggregate and transform data. Monetizing Data Internally.

Data 144

Data Compliance Security Millennials 144

PYMNTS

JULY 9, 2018

The intent of the regulation is to level the playing field for innovators by offering consumers an expanded number of point solutions that are different than what’s offered now by their existing bank. Credit is being unbundled from the traditional line-of-credit, card-based products.

Strategy 105

Strategy Millennials Online Branding 105

PYMNTS

NOVEMBER 23, 2016

Mention “mobile payments,” and many people might immediately answer that they 1) pay with smartphones or other devices but 2) spend much more time bellying up to the register and paying with physical cards or cash. One added tailwind: millennials, said op de Weegh. Therein lies a conundrum.

Mobile 100

Mobile Payments Millennials United States 100

PYMNTS

NOVEMBER 18, 2019

If usage stats are a measure of satisfaction, it would certainly appear that consumers like being part of the Google ecosystem, despite what the media, lawmakers and regulators might want us to believe. It’s obviously the card that Google – with Citi and Stanford Federal Credit Union as partners – says they will play next year.

Google 177

Google Study Payments Branding 177

Gonzobanker

DECEMBER 22, 2015

Now, to avoid any cue card and teleprompter issues, we’ll just go with the written list again this year. To PNC , who at BAI Retail Delivery pointed to hiring a behavioral psychologist to review its origination process. Regulator Award. Millennials. And the winners are …. THE BANKING AWARDS. GonzoBanker of the Year.

Community Bank 60

Community Bank Apple Community Technology 60

PYMNTS

JANUARY 26, 2018

percent related to prepaid cards and 2 percent to payday lending. The new movement on the pre-paid card rule followed news last week that the CFPB will also take another look at the payday lending rule put into place during Corday’s final days as executive director. Costco for Millennials: Forget the dad jeans.

Lending 101

Lending Cards Millennials Data 101

Fintech Labs Insights

AUGUST 1, 2016

It leverages 45+ years of franchise operations experience to help retail investors finance franchises, helping to bring them to market quicker. Dynamics offers issuers and their cardholders interactive payment cards and an authorization-based, real-time loyalty processing system.

How To 12

How To Analytics Millennials Data 12

Fintech Labs Insights

JULY 16, 2015

Dynamics’ Next Generation Payment Cards crack a 30-year lack of card innovation by embedding a full computer architecture inside a payments card. Hedgeable’s NEXT Partner Network makes private banking platforms available to millennials.

Company 12

Company Mobile Software Big Data 12

PYMNTS

MARCH 19, 2018

His premise knits together a series of storylines that regular readers of PYMNTS are quite familiar with: That the Amazon Effect on retail , despite the company’s 4 percent share of it, is real and that it uses its diversified sources of revenue, like Amazon Web Services, to subsidize its retail business at the expense of traditional retail.

Google 148

Google Apple Retail Millennials 148

Fintech Labs Insights

AUGUST 16, 2016

In the meantime, get to know the innovative established and startup organizations below: 1787fp’s mobile financial app helps millennials and young professionals track their finances and manage investments through one unified financial planning tool. We’ll announce the remaining stealth companies over the next two months.

Analytics 12

Analytics Data Fintech Case Study 12

CB Insights

JUNE 17, 2020

Retail: Shopping goes even more online as grocery joins the e-commerce revolution. In the case of telemedicine, government entities eased privacy regulations to facilitate more comprehensive remote diagnostics. Retail: Shopping goes even more online as grocery joins the e-commerce ranks. Remote learning technology. 3D printing.

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Industry Technology Online Video 101

Fintech Labs Insights

JULY 22, 2015

This means retailers need to be prepared to accept EMV transactions. Why it’s a must-see: Most FinTechs still need banks because of regulation and processing. Fidor Bank provides both regulative support and strong technology. Why it’s a must-see: October represents a major EMV liability shift for POS transactions.

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San Francisco Video Fintech Data 12

PYMNTS

JANUARY 7, 2019

And, yes, this likely sounds blasphemous from someone who’s been beating the mobile payments drum since 2005, well before the iPhone and the App Store changed how consumers, retailers and payments players all use mobile devices. That just makes the point much stronger. Consider this. Today, some 59 percent of POS terminals in the U.S.

Mobile 205

Mobile Innovation Apple Study 205