PYMNTS

NOVEMBER 6, 2019

Venmo has also been adding features to differentiate itself, such as rolling out a cash-back rewards program for its Venmo Mastercard debit card at certain retailers, as announced in a press release. Square also offers small business loans and has a Visa debit card linked to the app, which lets users treat it like a bank account.

Millennials 107

Millennials Payments Cards Survey 107

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

PYMNTS

OCTOBER 6, 2020

“With the busy holiday season upon us, we are proud to offer a truly multi-channel payment solution that has proven to bring new customers and increased sales to our retail partners,” Afterpay Global Chief Revenue Officer Melissa Davis said in the announcement.

Millennials 200

Millennials Retail United States National 200

PYMNTS

MARCH 4, 2020

That’s one of the conclusions drawn from a new report on customer loyalty from Merkle, and it holds some clues for retailers looking to improve the recency and frequency of customer visits and purchases. “To What keeps a consumer loyal isn’t a loyalty program or even a store-branded card offering goodies or rewards.

Retail 131

Retail Branding Report Tools 131

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

DECEMBER 6, 2019

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. Millennials Were Black Friday’s Big Spenders in 2019. Millennials were the big Black Friday spenders , shelling out an average of $509.50 Top News . operations.

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. These plans fund retail purchases that consumers can then pay off over time in typically four installments. Around The Buy Now, Pay Later Space.

Payments 185

Payments Tools Retail Cards 185

PYMNTS

DECEMBER 14, 2020

Although the installment concept is hardly new, Afterpay’s platform and growing catalog of retailers has brought fame and fortune to the company and its founders. A big part of Afterpay’s growth stems from the fact that its super-simple service is appealing to both customers and retailers alike. Preference For Debit. million U.S.

US 322

US Retail Cards Millennials 322

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

Bank Innovation

MAY 16, 2019

KOHO, with its millennial friendly aesthetic and messaging, currently offers its users debit cards, personal finance management tools and cashback features. KOHO, a Toronto-based digital banking startup, has raised C$42 million (US$31 million) in a Series B round to add new products and services.

Millennials 186

Millennials Digital Banking Tools Innovation 186

PYMNTS

JULY 15, 2020

Consumers were already changing their retail preferences before anyone had heard of COVID-19, let alone had their life utterly upended by it. This vastly accelerated retail realignment presents challenges — and opportunities — for retailers of all kinds, particularly those dealing in luxury goods, Molnar said.

US 206

US Retail Millennials Trends 206

PYMNTS

FEBRUARY 11, 2020

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. Cost is a major concern for consumers, especially for millennials and members of Gen Z, who tend to view spending differently than older generations.

Millennials 130

Millennials Retail Mobile Online 130

PYMNTS

JUNE 16, 2016

A lot of fuss is made over millennials and their proclivities toward things being easy. So, when it comes to something like digital banking , it’s not so much about finding what’s easy as it is about finding what service best meets millennials’ needs. Millennials to big banks: No thanks ….

Millennials 100

Millennials Mobile Digital Banking US 100

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

AUGUST 26, 2019

From a ride-hailing company expanding into Vietnam to Visa implementing new tools to fight fraud, today’s payments news runs the gamut. Kohl’s to Tap Into Facebook Data to Create Millennial Clothing Line. Kohl’s has teamed up with Facebook to create a curated clothing line aimed at capturing millennial dollars.

US 109

US Millennials cryptocurrency Fraud 109

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

JULY 21, 2017

So started Affirm’s Co-Founder and CEO Max Levchin ’s remarks at his firm’s first-ever AFFIRMation conference for its retail partners in San Francisco yesterday. Sixty percent of Americans fear credit cards,” Levchin noted. For people who live on the coasts, a credit card is an API access to money. “Finance is pretty broken.”.

Retail 111

Retail San Francisco Cards Conference 111

PYMNTS

DECEMBER 20, 2019

In the 1930s, in the era of the Great Depression, when consumers had little extra cash, retailers nationwide came up with an innovation to make it easier for people to shop without having to pony up cash right away. but after almost 50 years, it began to fade out in the 80s, disrupted by the emergence of store-branded credit cards.

Millennials 137

Millennials Retail Tools Branding 137

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

OCTOBER 16, 2020

For example, 33 percent of retail shoppers favor contactless card technologies for their in-store purchases. percent who would use credit cards and 45.5 percent who would employ debit cards. Surprisingly, a higher share of bridge millennials (23.1 The Way Forward.

Payments 166

Payments Study Survey Cards 166

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

PYMNTS

MAY 11, 2018

That’s one of the driving ideas behind a new service that Marriott International recently launched for Chinese travelers going overseas — a service that also helps to demonstrate how the country’s growing tourist class is changing payments and retail. Last year, the U.S.-based Fliggy Moves To Secure Loyalty. But mobile is only the beginning.

Retail 129

Retail Payments social media Mobile 129

PYMNTS

MAY 4, 2017

Cash as a Budgeting Tool. The bigger thing on our minds,” Bailey continued, “is how do we inform and educate consumers so they now have access to those services in a whole new way at those very prevalent retail places that they frequent with their families … it’s good for the FIs and also for the retailer in terms of traffic.”.

ATM 192

ATM Millennials United States Study 192

PYMNTS

MAY 22, 2019

Once upon a time, it was predicted that the rise of smartphones would spell the end of traditional retail, but that hasn’t really happened. And roughly one-third use their devices to “showroom” — one of retailers’ biggest fears a few years ago — to compare prices at competitors. Most use stored credit cards (38.9 percent and 63.2

Mobile 177

Mobile Study Retail Millennials 177

PYMNTS

JUNE 25, 2018

Of the 41 percent of consumers who we reported still concentrate their grocery spend predominantly online, more than a third of those physical shoppers (37 percent of the 41 percent) visit multiple stores in search of “deals” and products not found at their main “go-to” store — and two-thirds of millennials do. Prime for a Payments Switch.

Retail 156

Retail Branding Millennials Online 156

PYMNTS

SEPTEMBER 3, 2020

with cash — and consumers are even starting to ditch plastic cards. Of course, large retailers, too, are continuing to invest in accelerating their investments in their digital experiences. 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

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

MAY 11, 2020

That fact is increasingly underlined in a variety of data streams: recent PYMNTS consumer surveys, the earnings reports of the card networks, early information on how stimulus funds are being spent – they all tell the same story of consumers tightening their belts and shifting away from discretionary spending and toward necessities.

Millennials 228

Millennials Retail Groups Survey 228

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 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

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. It says some 57.5

New York City 124

New York City Marketing New York Los Angeles 124

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. And, beginning next year, they will be able to spend their crypto collections with any of the 26 million retailers currently taking PayPal. Where does Apple Pay stand today?

Apple 149

Apple Maine Millennials Bitcoin 149

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. But online retail sales are hardly the only digital boost that digital technology gives to the sale of live Christmas trees, according to Hundley. Christmas Tree Landscape.

Industry 134

Industry Millennials National Online 134

PYMNTS

SEPTEMBER 24, 2019

Legacy banks are similarly at work, with one major FI seeking to beat out FinTech competition by offering same-day access to credit card deposits. Millennials no longer rule the mobile services space. Around the Faster Payments World. Ecobank announced recently that 1 billion NGN ($2.75 Find the full story in the Tracker.

Mobile 246

Mobile Payments Apple Millennials 246

PYMNTS

APRIL 5, 2018

Some of our research has shown, particular[ly] with the underbanked and millennials, that the ability to help them ‘save them from themselves,’ relative to financial management, budgeting, savings and so on is in high demand,” Politi said. “In In many cases, they’re struggling. transfer fee.

Tools 108

Tools Survey Payments Examples 108

South State Correspondent

AUGUST 16, 2023

Home equity lines of credit (HELOCs) and bank card usage are up 24% and 17%, respectively. These are cash flow management tools that send a signal of future problems. Consumer Credit – Cards There is a shift of capital occurring to the prime tiers of cardholders. Unsecured personal loan usage is up 21%.

Trends 195

Trends Cards Capital Data 195

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