PYMNTS

MAY 4, 2020

Nearly 50 million credit card customers in the U.S. said they have had their credit limit slashed or their card closed in the past month as lenders move to minimize their risk amid the COVID-19 shutdown, a new study revealed. The sample size was 2,552 adults, including 1,230 adults with personal credit card debt.

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US Survey Cards Study 243

PYMNTS

DECEMBER 24, 2019

Christmas Eve is upon us, and the last gifts are making their way from basements, attics and bedroom closets to stockings and trees. However, after almost 50 years, it began to fade in the 1980s, disrupted by the emergence of store-branded credit cards. Sneakers used to be functional, but now, they are part of who you are,” he added.

Millennials 139

Millennials Branding Trends Retail 139

Bank Innovation

OCTOBER 28, 2016

Turns out even millennials don’t care that much about mobile payments. According to a report presented by the tech consultancy Accenture at Money20/20, the number of those of us in North America who use our mobile phones to pay at the point of sale hasn’t changed in the slightest since last year, Read More.

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Millennials Mobile Study Payments 150

PYMNTS

FEBRUARY 25, 2020

Mobile Cards: Make or Break? One way that banks or ambitious social media platforms will win this combat for customers is through the use of mobile credit and debit cards, with a highly configurable nature and full range of card and spend management controls to please the most vacillating of customers.

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Mobile Cards social media Survey 153

PYMNTS

NOVEMBER 19, 2020

In addition, 30 percent of shoppers, including 39 percent of Generation Z and millennials surveyed, would find a BNPL installment pay option a boost this year, according to the report. Klarna allows customers to use the mobile app to create a one-time virtual card at participating stores, which can be used to purchase items.

US 186

US Millennials Branding Retail 186

PYMNTS

OCTOBER 24, 2019

London-based FinTech firm Revolut partnered with Visa to roll out a multi-currency travel debit card in Singapore, Visa said in a press release on Wednesday (Oct. The new card offers users the ability to spend overseas in over 150 currencies at the real exchange rate and without hidden fees. . by the end of 2019. Launching in the U.S.

Cards 112

Cards Millennials Survey Fintech 112

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.

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Millennials Tools Connecticut Study 111

Bank Innovation

APRIL 25, 2018

EXCLUSIVE— Millennial and Gen Z-focused credit card provider Deserve has raised $50 million from the Keystone National Group, funding earmarked for the startup’s expansion of account receivables, the company announced today.

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Millennials National Groups Cards 199

PYMNTS

JUNE 7, 2018

Spending on credit cards will continue to grow, but any issuer that decides to take a breath, instead of crafting creative rewards and going after young consumers, runs the risk of being left behind. However, no trend is independent of human action, and issuers will have to work hard to ensure the health of their credit card offerings.

Cards 134

Cards Millennials Maine Data 134

PYMNTS

MAY 20, 2017

Are millennials eating too many avocados on toast for their own good? The crux of the debate is this: are first- time home sales down because, given the choice of a two car garage and a yard in the suburbs, millennials have, en masse, decided they’d rather enjoy a more richly-delicious brunch experience, week in and week out?

Millennials 119

Millennials San Francisco New York New York City 119

PYMNTS

JULY 15, 2020

CEO of Afterpay , recently told Karen Webster that consumers — particularly millennials and Generation Z — were already showing distinct preferences for digital commerce and paying with debit cards rather than credit cards. Nick Molnar , co-founder and U.S. The Shifting Road To Recovery .

US 206

US Retail Millennials Trends 206

PYMNTS

APRIL 24, 2017

The long-suffering team at American Express has a new headache to handle — losing the love of those millennial customers. and yes, this looks like card data breach. American Express cards, from time immemorial, has signaled affluence among holders — particularly the Platinum Card. Ready to jump in?

Millennials 109

Millennials Cards New York Branding 109

PYMNTS

FEBRUARY 14, 2020

11 to set up a bank card clearing business, providing it with access to a $27 trillion payments market. The People’s Bank of China said it has approved an application by Mastercard’s Chinese joint venture to run a bank card clearing business in the nation. What Amazon At 10 Can Teach Us About Uber At 10.

Retail 141

Retail Cards Millennials Fraud 141

PYMNTS

AUGUST 26, 2019

Also, Kohl’s is teaming up with Facebook to capture the attention of millennials, and world bankers met to discuss whether a new cryptocurrency would be better than relying on the dollar as a global reserve company. Despite Meeting Swiss, US Lawmakers Remain Libra Skeptics. Visa: New Cyber Threats Require New Fraud Tools.

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US Millennials cryptocurrency Fraud 109

Bank Innovation

MAY 16, 2019

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. KOHO, with its millennial friendly aesthetic and messaging, currently offers its users debit cards, personal finance management tools and cashback features.

Millennials 186

Millennials Digital Banking Tools Innovation 186

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

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. UK Digital Bank Monzo Taps Visa Exec as US CEO. Millennials Were Black Friday’s Big Spenders in 2019. Top News . operations.

Millennials 101

Millennials Colorado Google Leadership 101

The Paypers

AUGUST 14, 2020

has launched a new banking platform specifically for millennials, along with a solid metal credit card. Startup Cred.ai

Cards 53

Cards Millennials US Fintech 53

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

JUNE 1, 2020

Capturing and then enabling card-on-file payments when consumers buy the products or services they consume in the physical world. Part of that includes reminding consumers to use their contactless cards when they check out in their stores (if they have one) or their mobile wallets (if they choose). So what is ‘it’?

Cards 147

Cards Study Maine Payments 147

PYMNTS

DECEMBER 14, 2020

The last eight or so months of living life amid the pandemic have created an opportunity for consumers to make major changes to both where and how they shop – changes that many are planning to stick with , even after COVID-19 is behind us. 55% : Share of millennials who are interested in giving digital gift cards this year.

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Millennials Retail Data US 160

PYMNTS

FEBRUARY 27, 2019

There might be one word that consumers would use to describe the state of disbursements in early 2019: mediocre. Millennial consumers probably wouldn’t be so generous. But data shows that what consumers increasingly do want is money pushed to them via the alias known as the debit card. on a scale of 100.

US 134

US Cards Millennials Payments 134

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.

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Millennials Mobile Retail Branding 130

PYMNTS

NOVEMBER 27, 2019

The holiday shopping season is upon us, and the trends for the season are emerging. Millennials plan to spend more money this holiday season, and will use their mobile devices to do the majority of their shopping. Credit cards are the favored payment type for the holiday season, a growing trend over the past few years.

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Trends Millennials Retail Study 130

PYMNTS

JUNE 18, 2016

And though you might be tempted to write this off as a theory developed by this writer spending way too much time around sitcom families, please note that Father’s Day offers us a unique opportunity to quantify the difference with a number. In fact, recent data from Mintel indicates that millennial dads could be the future of retail.

Millennials 100

Millennials social media Data Report 100

PYMNTS

DECEMBER 24, 2020

Lemonade focuses on selling renters’ and homeowners’ insurance via an app that’s geared toward millennial and Gen Z consumers. Paya processes more than $30 billion a year in payments across credit and debit cards, ACH and checks. This allows us to now, publicly, showcase the progress we've made as a company.". a share on Oct.

US 230

US Company Report Payments 230

CB Insights

DECEMBER 9, 2020

Affirm wants to disrupt the credit card business, a notoriously opaque realm of consumer finance. As the millennial and Gen Z demographics look for more consumer-friendly alternatives, companies like Affirm are vying for attention from both shoppers and merchants. Where Top US Banks Are Betting On Fintech. Company Name.

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San Francisco Cards Millennials Fintech 68

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

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

Let's Talk Payments

MAY 24, 2016

Survey finds that high-income and millennial consumers have the highest credit card usage in income and age categories, and most in favor of paying in installments New York, NY—May 23,

Survey 74

Survey Cards New York Millennials 74

PYMNTS

JANUARY 20, 2020

The first Papyrus store opened in 1973, when cursive writing was a core part of grade-school education, much to the delight of many nostalgists but which still can spark memories of horror among those of us cursed with atrocious handwriting. Millennials to the Rescue. The chain had since expanded to some 260 or so retail locations.

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Retail Millennials Cards social media 183

PYMNTS

FEBRUARY 14, 2020

And we know it was a high-risk move to go public that early, but we saw it as a great path to gaining sufficient liquidity to be able to really keep us in the game and able to grow.”. For us it was just starting — now we had to go back and deliver on all the goals we laid out for our investors.”.

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Millennials Retail Management US 159

South State Correspondent

AUGUST 16, 2023

Even if your bank has limited consumer exposure, given that the consumer composes approximately 66% of the US economy, and, according to the yield curve and market pundits, we are all staring into a recession, paying close attention to consumer trends is critical. The number of cards in the wallet is almost a full card at just shy of 3.

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Trends Cards Capital Data 195

PYMNTS

OCTOBER 28, 2016

It’s clear to us that more and more people are using bitcoin as an alternative to fiat, and we want to support that movement as much as possible.”. What about gift cards? Research says millennials love gift cards , so that may be a way to create a budding bitcoin trend. Just like cash.

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Bitcoin ATM Cards Los Angeles 100

PYMNTS

APRIL 4, 2019

The trend, according to the report, is visible in most major debt categories — particularly home and credit card lending. Younger borrowers are less likely to have home loans, according to the New York Fed, and more likely to default on auto loans or credit card bills.

US 116

US New York Trends United States 116

PYMNTS

JANUARY 11, 2021

It’s overwhelming to us. The stories leave all of us weeping,” John Grant told the Sacramento Bee. Gig workers, according to the data, are majority millennials and bridge millennials, though that is shifting as the gig economy becomes more popular among demographic sets and Generation Z consumers are increasingly coming of age.

Millennials 154

Millennials Los Angeles Sacramento New York City 154

PYMNTS

DECEMBER 4, 2018

For many consumers, perks are a key driver of their credit card choice, whether it’s airline miles, cash-back or points that can be redeemed for a variety of items. These perks have been an advantage for credit cards, but could that erode as, say, Alipay offers integrated loyalty programs? The Millennials Cometh.

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Payments Millennials Cards Course 191