PYMNTS

MARCH 17, 2020

Small businesses, particularly those launched by younger entrepreneurs, are often assumed to be a key driver of B2B FinTech innovation as business owners seek sophisticated, automated technologies to run their businesses. SMBs’ Technology Challenge. “They have a hard time using online banking. .

Millennials 168

Millennials User Experience Alabama Tools 168

PYMNTS

AUGUST 5, 2020

In the last decade, automation technology has closed the gap between booking a business trip and filing an expense report for reimbursement, significantly easing friction for both employees and finance teams. Driving Real-Time Data Through Cards. And, he said, the credit card is a valuable payment tool to achieve that insight.

Cards 199

Cards Software Management Tools 199

PYMNTS

AUGUST 2, 2018

This technology is also changing how consumers lend and borrow money, according to Travis Holoway, founder of short-term lending exchange platform SoLo Funds , particularly when it comes to low-dollar or short-term loans. What we’re trying to do is bring that technology to lending.”. Using Digital Tools To Improve Financial Health.

Lending 138

Lending Tools Technology Millennials 138

BankBazaar

JULY 29, 2019

If you’re a millennial woman who wants some useful tips handy on your journey towards financial independence, look no further! Get A Credit Card. A lot of us think of Credit Cards as a tool that can trap you steep in debt, but are Credit Cards to blame here or the users who have not learned to manage them responsibly?

Millennials 60

Millennials Cards How To Lending 60

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

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

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

Bank Innovation

AUGUST 5, 2016

Banks only care about millennials, right? Yesterday Capital One, a leader in digital banking, joined OATS (Older Adults Technology Services) in launching‘“Ready, Set, Bank: Online Banking Made Easy,’” an educational tool designed to increase online banking usage among older adults, enabling them Read More.

Capital 150

Capital Online Millennials Tools 150

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

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

JANUARY 14, 2020

For its part, Venmo now has an option to transfer money to the bank without a debit card for the same fee. And there is a credit card angle, too, which will apply to dealing with Gen Z users of P2P going forward. Most of these P2P players still allow consumers to use credit cards to fund these transfers,” he said.

Innovation 160

Innovation Payments Millennials Cards 160

CB Insights

JULY 25, 2019

Fintech is often associated with digital tools targeted at tech-savvy millennials. Financial education tools are being tailored to seniors. Money management tools are helping people stay independent. Financial collaboration tools target families & caregivers. get the REPORT on next generation investors.

Millennials 73

Millennials Fintech Tools Fraud 73

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

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

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

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

NCR

JUNE 21, 2016

According to a recent study , all four of the leading banks are among the ten least-loved brands by Gen Y, and one in three millennials revealed they’re open to switching financial institutions in the next 90 days. Millennials don’t like traditional banks and don’t see any stark differences between them. The Rise of the Digital Bank.

Millennials 45

Millennials Data Study Digital Banking 45

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.

Lending 163

Lending Examples Tools Meeting 163

PYMNTS

AUGUST 13, 2019

In June, Costco launched a revamped digital membership app that allows members to use its mobile device rather than flashing a physical card upon entry and during checkout. While mobile technology has become an integral part of the in-store experience for many shoppers, they rarely use such tools to make in-store payments.

Retail 181

Retail Millennials Mobile Payments 181

South State Correspondent

JULY 19, 2023

These tools can give a bank marketing team of five the power of 20. Instead of producing a mass ad to stereotype all millennials, bank marketing AI now allows a level of precision to produce content that can appeal to a single individual or to a mass of customers with a single intent.

Marketing 195

Marketing Training Video Tools 195

PYMNTS

NOVEMBER 25, 2019

Bottomline Technologies , for one, recently released an AI-powered solution designed to help North American businesses. The company recently partnered with Drift , a provider of conversational marketing platform tools, to enable chat capabilities through Bottomline’s Paymode-X and PTX solutions. About The Tracker.

Data 176

Data Tools Millennials Analytics 176

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. Debit And The Fraud Catch . A PYMNTS study on U.S.

Fraud 148

Fraud Strategy Study Cards 148

PYMNTS

SEPTEMBER 24, 2019

Digital banks , for one, are teaming up with technology providers to accelerate settlement times for payments collected at the point-of-sale (POS). 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. Find the full story in the Tracker.

Mobile 246

Mobile Payments Apple Millennials 246

PYMNTS

MAY 4, 2017

Cash as a Budgeting Tool. Regional banks have struggled to keep pace with technological shifts and maintain market share and have undertaken efforts to increase ATM counts to look bigger, perhaps, than they actually are, eyeing both brand presence and functionality. These are among the heaviest ATM users, said Pierce.

ATM 192

ATM Millennials United States Study 192

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 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

NCR

DECEMBER 8, 2016

Given the millennial generation are often described as ‘digital natives’ who have grown up comfortable with technology such as online and mobile banking, this may seem like a reasonable assumption. The post Are interactive offerings the way to attract millennials? But is this necessarily the case?

Millennials 40

Millennials Survey Mobile Tools 40

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. The solution uses automated technology to categorize and codify relevant data from these documents in real time, thereby trimming the time employees and expense managers need to sort through them.

Management 160

Management Taxes Tools Metro 160

PYMNTS

APRIL 18, 2017

From selfie authentication to finance tools that respond to emojis to computer-generated avatars that look and act like real people, new technological tools are giving digital banking a makeover. The April PYMNTS Digital Banking Tracker™ looks at the various ways technology is changing the digital banking landscape.

Report 110

Report Digital Banking Tools Technology 110

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? Christmas Tree Farmers.

Industry 134

Industry Millennials National Online 134

PYMNTS

AUGUST 4, 2017

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. Millennials Moving Into And Up In The Business World.

Community Bank 116

Community Bank Community Innovation Millennials 116

Gonzobanker

NOVEMBER 16, 2023

population will soon be comprised of what’s known as “digital natives,” those born after 1989 who have lived their whole lives immersed in technology. MeriTrust Credit Union promoted a pink plastic credit card during the recent release of the live-action Barbie movie. Demographically, half of the U.S.

social media 97

social media Marketing Millennials Trends 97

PYMNTS

MAY 31, 2017

Debit cards, default cards, banks both bricks-and-mortar and digital. Bank, said that cash remains the most common method of transactions and “what’s amazing about that is that millennials are the most likely users of cash. Debit card usage is habit-driven, he said, and habit has grown roots over the last several years.

ATM 100

ATM Millennials Cards Management 100

PYMNTS

MAY 22, 2019

Most use stored credit cards (38.9 percent) and debit cards (38.7 Despite low mobile wallet usage, consumers aren’t dissatisfied with the technology. percent of bridge millennials bought via smartphone. percent) and millennials had the highest usage of mobile generally (9.0 Digital wallet usage is still fairly low.

Mobile 177

Mobile Study Retail Millennials 177

PYMNTS

FEBRUARY 14, 2020

Most students are from generations that are unlikely to use checks to manage their finances as well, and many pay their tuition or other academic expenses through ACH or debit cards — but only after they receive paper check disbursements from their colleges. Just 5 percent of millennial students paid their tuition with checks.

Mobile 130

Mobile Arkansas Cards Regulation 130

PYMNTS

MAY 4, 2017

Consumers want what they want, when they want it, and digital technology in recent years has more than facilitated it. 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.

social media 104

social media Payments Millennials Mobile 104

PYMNTS

SEPTEMBER 21, 2018

The popularization and widespread adoption of digital and mobile banking tools have presented banks with plenty of new opportunities, but they’ve presented new risks as well. Many banks, including Ally, are now investing in emerging technologies to provide customers with a convenient, secure experience. All told, 16.7

Fraud 100

Fraud Security Cards Mobile 100