PYMNTS

JANUARY 27, 2021

The pandemic has upended many consumers’ financial lives and typical purchasing behaviors, leading them to reconsider their go-to payment tools. Even consumers who are feeling more financially secure may want to tap new tools to help them maintain their good financial standings and stay in control of their budgets.

Tools 131

Tools Payments Millennials Survey 131

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. And once a top of wallet is set, the card becomes invisible and changes very infrequently.”.

Cards 224

Cards Mobile Community Bank Community 224

PYMNTS

JANUARY 10, 2020

They want convenient booking tools, fast payment methods and secure reservations when planning their trips, and these needs have not changed much as millennials have come of age. Approximately 70 percent of guests use Pay Less Upfront when it is available, Shrauger noted.

Millennials 131

Millennials social media Mobile Payments 131

Perficient

AUGUST 18, 2022

However, those not in the wealthy or close to retirement-age categories – i.e., Gen Z-ers, millennials, and low to mid-income individuals – could greatly benefit from a financial advisor’s assistance, and financial advisors can stand to profit by diversifying their business books, as well. population. Research your options.

Millennials 473

Millennials Management Tools Strategy 473

PYMNTS

SEPTEMBER 15, 2020

Goldman’s Marcus Adds Personal Finance Management Tools. Franklin Templeton Teams Up With Razer to Woo Millennial Investors. Hotels.com Debuts Loyalty Program Visa Card. Hotels.com has rolled out a Wells Fargo-issued credit card to assist users in accessing rewards. Plus, First Horizon National Corp.

Tools 131

Tools Fintech Tennessee National 131

PYMNTS

FEBRUARY 25, 2020

As the report states, “We … find that a significant share of consumers are willing to bank with the institutions — financial or otherwise — that offer them the best spending and money management tools.”. Mobile Cards: Make or Break? The highest interest is among “bridge millennials” whose card spend averages $40,000 annually.

Mobile 153

Mobile Cards social media Survey 153

PYMNTS

MARCH 1, 2018

The project also offers financial literacy tools and promotes smart city initiatives in urban communities. Once payments are disbursed, cards can be used to make online and in-store purchases, withdraw funds from an ATM, transfer funds or pay bills. Can a cash back program help millennials avoid the debt trap? About the Tracker.

Millennials 102

Millennials Trends Cards ATM 102

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

JULY 13, 2018

In 1974, women won the right to apply for and control their own credit card with the passage of the Equal Credit Opportunity Act. It has made the millennial generation of women — either entering or settling into their prime spending years — something of a unique class of citizens when it comes to financial services.

Millennials 111

Millennials Tools Connecticut Study 111

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

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

APRIL 12, 2019

Couples wanted a tool to help them collectively manage their financial lives, he said, but they also wanted a tool that was both very flexible and very robust. The company also learned that its tools needed to be able to grow and shift with a couple’s relationship. A More Powerful Tool. A Lot of Right Ways.

Millennials 154

Millennials Tools How To Video 154

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 28, 2021

A transformation toward contactless payments is underway at the nation’s credit unions as the public shuns cash and even physical cards to lower infection risks with COVID-19. PYMNTS’ research indicates that millennials (ages 23 to 39) and bridge millennials (ages 30 to 40) have the greatest interest in P2P payment use, for example.

Innovation 187

Innovation Millennials Payments Mobile 187

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

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

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

AUGUST 2, 2018

Using Digital Tools To Improve Financial Health. Holoway noted that millennials’ purchasing habits and behaviors are very different from those of previous generations, meaning legacy lending risk evaluations do not accurately reflect their financial health. “Car P2P technology isn’t alone in changing the lending industry, however.

Lending 138

Lending Tools Technology Millennials 138

PYMNTS

OCTOBER 6, 2020

Our new in-store solution is yet another way to support merchants by offering a powerful budgeting tool that allows shoppers to spend their own money over time — whether they prefer to buy in a physical store or online.”. Millennial and Gen Z shoppers are focusing on sustainable and ethical fashion and retail more than before.

Millennials 200

Millennials Retail United States National 200

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. Consumers who do not qualify for credit cards or become reluctant to use those tools may see BNPL plans as a convenient alternative method for deferring payments.

Payments 185

Payments Tools Retail Cards 185

PYMNTS

AUGUST 5, 2020

In a conversation with PYMNTS, Center CEO Naveen Singh — whose father co-founded SAP Concur — described why many of the automated expense management tools on the market today fail to address the needs of a dramatically changing dynamic in employee spend. Driving Real-Time Data Through Cards. Merging Expenses With Procurement.

Cards 199

Cards Software Management Tools 199

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

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

MARCH 17, 2020

While user experience is key, these tools must also be agile enough to rise to small- to medium-sized businesses’ (SMBs’) digital-native foundations. “We learned that a lot of small business owners in this day and age are not tech savvy at all,” he said, adding that even millennial-run SMBs can struggle.

Millennials 168

Millennials User Experience Alabama Tools 168

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

JANUARY 16, 2020

Avoiding such an exodus means retailers must be flexible when developing the tools consumers use to make purchases. Millennials have matured financially, but many remain wary of using traditional credit to buy even routine or small-ticket items. How Millennials Are Driving BNPL Growth. BNPL is not a new payment method.

Millennials 130

Millennials Mobile Retail Branding 130

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

Bank Innovation

JUNE 28, 2018

Bento for Business wants to provide its customers with money management tools combined with banking solutions, similar to the personal financial management app for millennials, MoneyLion, according to company CEO Farhan Ahmad. For the task, San Francisco-based Bento raised $9 million in a new round of funding today.

San Francisco 170

San Francisco Millennials Tools Management 170

PYMNTS

DECEMBER 14, 2020

customers, he said Afterpay has become as much of a marketing channel for its retail partners as it is a financing tool. After Capital One’s decision this week to halt future credit card linkage to BNPL plans because of concerns that they carry risks consumers don’t understand, Molnar said the mandate will not hurt Afterpay.

US 322

US Retail Cards Millennials 322

PYMNTS

FEBRUARY 11, 2020

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 have available funds, so what keeps them from finalizing their purchases? BNPL Solutions and Breathing Room . BNPL products are thus emerging as helpful solutions.

Millennials 130

Millennials Retail Mobile Online 130

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

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

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 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

JUNE 8, 2020

billion hit in April, with revolving debts like credit cards taking the hardest hit — falling by a steep 64.9 In some cases, credit-card holders increasingly complain about banks slashing their credit limits or canceling their cards involuntarily. According to the latest Federal Reserve data , U.S. consumer borrowing dropped 19.6

Cards 144

Cards Millennials New York Lending 144

PYMNTS

NOVEMBER 30, 2020

consumers who own internet-connected devices and who use their credit or debit cards at least monthly. We examined their willingness to share their locations with their card issuers as well as whether they would be willing to switch to FIs that leveraged geolocation tools to thwart fraud. The report surveyed 2,141 U.S.

Fraud 171

Fraud Data social media Millennials 171