article thumbnail

How Digital-First Credit Unions Can Break The Impersonality Barrier

PYMNTS

That number is higher among millennial and Generation X respondents, at 77 percent and 63 percent, respectively. Nearly one-third of millennials would prefer to do their banking exclusively online and eschew branch locations entirely. Social media for member engagement. Social media for customer service.

article thumbnail

How fraudsters target different generations

Independent Banker

Gen Z, the younger generation, has transitioned into the workforce and is primarily being targeted through social media messages and chatbots,” Fratangelo says. Fraudsters typically target millennials via text messages that promise rewards, shipment tracking and other automated messages that make them vulnerable to phishing attacks.”.

Fraud 133
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Standard International Launches Recommendations App

PYMNTS

Described as “the first social travel agency,” Benny (from the phrase “friends with benefits”) would allow people to recommend rooms to friends at the best rate, while also earning a commission. “We Lalvani said most of the firm’s expansion will be in Asia , where 60 percent of the world’s millennials are based.

article thumbnail

Good News from Gen Next

Independent Banker

Out of Mom and Dad’s basement, millennials are primed to become your next best customers. He’s a high school senior who lives in suburban Chicago. Bauhs is on the tail end of the “millennial” generation, which is commonly defined as those born between 1980 and 2000. By Ed Avis. Meet Jack Bauhs, your next customer.

article thumbnail

Good News from Gen Next

Independent Banker

Out of Mom and Dad’s basement, millennials are primed to become your next best customers. He’s a high school senior who lives in suburban Chicago. Bauhs is on the tail end of the “millennial” generation, which is commonly defined as those born between 1980 and 2000. By Ed Avis. Meet Jack Bauhs, your next customer.

article thumbnail

Upscale UK Retailers Look To Land In US Market

PYMNTS

Florida, Chicago and Philadelphia are set. Weston said part of Primark’s success has come from social media, according to reports. It now has has 20 million followers across social platforms up from 13 million last year. with several more in site negotiation. Primark has opened nine stores in the U.S.

Retail 132
article thumbnail

Is Bridal Retail Ready For Digital Disruption?

PYMNTS

In New York City, the tab apparently averages out at around $82,299, while in Chicago the proper celebration of eternal love and fealty runs at about $61,265. For those keeping score at home, that is a $1,400 increase over last year — and $5,500 over the last five years. And those are just the averages.

Retail 100