PYMNTS

AUGUST 21, 2020

Community banks and credit unions are feeling the pressure to boost their digital card services or risk losing customers to megabanks and digital challengers, Ondot Systems ’ Chief Strategy Officer Todd Lesher told PYMNTS in a recent discussion. It’s a story told by the data itself, Lesher said. What Modernization Looks Like .

Cards 224

Cards Mobile Community Bank Community 224

PYMNTS

APRIL 23, 2019

Tick down the list of offerings spanning decades (the Mac, the iPhone, the iPod, iTunes, the iOS operating system/ecosystem), and one can find that the ways we communicate, listen, stream and, indeed, interact with technology have all shifted. The digital card will be linked to Apple Pay.

Apple 200

Apple Cards Payments Course 200

PYMNTS

NOVEMBER 24, 2020

As Nick Reid, director of B2B partner development at Conferma , said in an interview with PYMNTS, virtual cards can help eliminate those hidden costs. After all, he added, it takes time to establish buyer and seller relationships, such as the process of collecting supplier bank details and other data that needs to be loaded into ERP systems.

Cards 181

Cards Fraud Payments Millennials 181

PYMNTS

DECEMBER 1, 2016

More than one out of four millennials carry less than $5 cash with them. And according to another study, nearly 20 percent of millennials have not used cash in two months. With a fifth of millennials already rarely using cash, it is clear that this is happening relatively rapidly,” said Kalle Marsal, CMO of Mitek.

Millennials 100

Millennials Trends Study Groups 100

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. Meanwhile, 28.5

Cards 217

Cards Tools Mobile Google 217

PYMNTS

APRIL 9, 2019

An issuer suspects a card has been compromised, or a consumer remembers that their debit card is in their jacket pocket only after leaving it at the cleaners. Either way, a card is cancelled and replaced with a new one. In BV’s experience, heavily used cards are replaced 1.7 It happens.

Cards 153

Cards Management Security Millennials 153

PYMNTS

DECEMBER 30, 2019

Ironing out companies’ existing expense reporting kinks is, thus, crucial for firms worldwide, but they must first examine how reimbursement frustrations are impacting their employees before they can upgrade their systems accordingly. for millennial and Generation Z workers. Expense Delays Can Seriously Stall Revenue .

System 131

System Report Management Tools 131

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

Ublocal

MAY 21, 2024

Pay Bills On Time Ensure timely payments of credit cards and loans to maintain a good credit history. Reduce Outstanding Debt Lower your credit utilization ratio by paying down credit card balances. Set up reminders or automatic payments to ensure you never miss a due date. A lower ratio can positively impact your score.

New Hampshire 52

New Hampshire Vermont Millennials Marketing 52

PYMNTS

MAY 10, 2018

In an interview with PYMNTS, National Business Systems VP David Riley noted a lack of awareness in the field for smaller firms across several verticals. Millennials are traveling and leaving their credit cards at home. After nearly three years, the transition to EMV in the United States still has its challenges.

National 130

National System United States Fraud 130

PYMNTS

JUNE 14, 2018

Modern consumers — millennials, in particular — couldn’t care less about receiving fine china, crystal stemware or other knickknacks as wedding gifts. This shift has allowed wedding registry platforms to see the revenue opportunity, and they are now working to help satiate millennial consumers’ desires for experiential giving.

Cards 102

Cards Millennials Trends Online 102

Banking 2020

DECEMBER 15, 2014

Effectively leading millennials requires understanding the collective experiences, values and motivators that make this group “tick.” Millennials, generally defined as the demographic cohort born between 1982 and the early 2000s, will account for half of the American workforce by 2020. Be transparent. Make work feel like play.

Millennials 58

Millennials Management How To social media 58

PYMNTS

NOVEMBER 29, 2016

In an attempt to bring hope and better conditions, e-money firm Prepaid Financial Services (PFS) launched a prepaid card program through international relief organization Samaritan’s Purse to help financially support those refugees living under these conditions. PFS, based in the U.K.S,

Cards 100

Cards Millennials ATM Maine 100

PYMNTS

AUGUST 11, 2016

A proposition back in 2011 to close a loophole that enables drug cartels to move large sums of money across boarders using prepaid cards has been delayed but is not dead. The proposed rule called for money stored on prepaid cards to count toward the requirement on the part of the U.S. According to a report by Reuters , the U.S.

Cards 100

Cards Millennials Industry Tools 100

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

JULY 7, 2020

Our BNPL report found that while the pandemic might have created more interest in the system, its use was already on the rise in both the United States and Australia even before COVID-19. They’re also among the most heavily affected by high student-loan and credit-card debt. users are millennials or from Generation Z.

United States 131

United States Millennials Examples Cards 131

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

SEPTEMBER 10, 2019

Because we are a bank [as well as a payments processor], we can deposit their credit-card proceeds the same day, including weekends, at no additional cost.”. JPMorgan’s strong Q2 performance can be credited to a growing millennial customer base and continued digital innovation. Some customers can already use the new feature.

Millennials 194

Millennials cryptocurrency Cards Payments 194

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

APRIL 4, 2018

For the 47 percent of Americans with prime credit scores, getting and using a credit card isn’t much of a problem. The problem, Petal co-founder and CEO Jason Gross told Karen Webster, is that it leaves around half of all Americans with only a few options: a credit card with expensive strings or no credit at all. Who Petal Serves.

Cards 133

Cards Regulation Groups Branding 133

PYMNTS

AUGUST 5, 2020

Employees were putting down their credit card to buy everything from travel to software subscriptions — things that would normally be done in procurement on an invoice were now being put on a personal credit card and funneled through the expense report.” Driving Real-Time Data Through Cards. ” .

Cards 199

Cards Software Management Tools 199

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

Payments Source

JANUARY 30, 2020

Millennials especially have shunned credit cards in favor of buying even low-ticket items using a system of installment loans, often incurring little to no interest, says Jifiti's Nufar Segal.

Millennials 69

Millennials System Payments Cards 69

PYMNTS

SEPTEMBER 15, 2020

But Ondot Systems Vice President of Customer Success Balu Kikkeri told PYMNTS that evidence of that great digital shift is now visible not only anecdotally, but in the data as well. That number climbs to 38 percent among baby boomers, 74 percent for Generation Xers and 85 percent for millennials and Generation Z consumers.

Fintech 224

Fintech Idaho Apple Google 224

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

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

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 migration from legacy payments workflows was well ongoing prior to COVID-19, but the pandemic is making for fresh urgency to transition to cloud-based digitized systems.

Apple 149

Apple Maine Millennials Bitcoin 149

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 113

Banking Trends Trends Millennials Oregon 113

PYMNTS

MAY 25, 2018

But that’s not stopping payment and commerce players from trying to use technology to bring more efficiency to the system. More directly, some companies are striving to improve the healthcare payments system by providing better information — or, if you prefer, reminders — to patients still paying off their hospital and doctor bills.

Technology 166

Technology Payments Millennials blockchain 166

PYMNTS

SEPTEMBER 15, 2017

LendUp and Beneficial State Bank have a different approach: They want to invest and make money on their customers who are succeeding financially and are able to participate in the full spectrum of the financial system. A Broken System. That means the system [is] not … relevant to a growing part of our country.

Fintech 198

Fintech System Lending Cards 198

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. Expanding financial access, boost financial competition.

Payments 201

Payments System National Mobile 201

PYMNTS

MARCH 24, 2020

Chinese smartphone manufacturer OnePlus said it would debut its mobile payment system this year when its OnePlus 7T series of mobile phones rolled out in September 2019. The payment platform currently handles a few different kinds of bank cards. The company’s mobile payment platform is now said to be live in China, GizChina reported.

Mobile 108

Mobile Payments United States Cards 108

PYMNTS

JULY 31, 2019

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. especially in urban areas and among millennials,” said Andrew Quartermaine, vice president, ACI Worldwide. The Co-op was the first U.K.

Retail 139

Retail Mobile Millennials Operations 139

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. The Nigerian branch of pan-African banking group Ecobank has been working to serve SMBs with a faster payment system. Millennials no longer rule the mobile services space.

Mobile 246

Mobile Payments Apple Millennials 246

PYMNTS

AUGUST 4, 2017

faster payments system. The report included several recommendations for banks, FinTechs and other financial services players — guidelines to establish an industry-driven framework for governing the system and encourage further research and investment in emerging financial technologies. faster payment system.

Community Bank 116

Community Bank Community Innovation Millennials 116

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

SEPTEMBER 17, 2019

Using mobile card controls (63.5 percent of seniors pay bills via mobile app, while Generation X consumers and bridge millennials are on the opposite side of the spectrum. Bridge millennials were the most likely to use an app to open a new account with a bank (23.8 How Consumers Currently Use Mobile Banking Apps.

Mobile 187

Mobile Millennials Study Digital Banking 187