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Mastercard Opens ‘Assemble,’ New Money Management Platform for Millennials

Bank Innovation

Global payments technology company Mastercard is opening a new platform aimed at the financial management needs of the millennial generation, the company announced today.

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How Pilot Is Innovating Corporate Taxes For Millennial-Run Businesses

PYMNTS

Recent research finds that 67 percent of millennial business owners operate independent companies rather than franchises. Recent research finds that 67 percent of millennial business owners operate independent companies rather than franchises. Proper tax education is critical to any business’s future, Daher said.

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PayPal Remains Most Popular ‘Innovative’ Banking Product for Millennials

Bank Innovation

It might be a better idea to focus on its parent company. Most millennials—more than 90%—have used or are using PayPal currently, according to the Millennial Money survey released last week by Vested. Still working on that Venmo-killer app? Other “innovative” banking products (i.e.,

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Leavy App Raises $14M To Help Millennials Raise Travel Funds

PYMNTS

Paris-based startup Leavy.co , which offers a travel app to help millennials finance their travel plans, has raised $14 million. Founded in 2017 by CEO Aziza Chaouachi, the app has been described as a “travel community and marketplace” that wants to help millennials travel for less. ” The Leavy.co ” The Leavy.co

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Are Millennials Really Killing Canned Tuna, Too?

PYMNTS

The millennial path of destruction allegedly continues, with those young consumers now taking blame for the decline in the popularity of canned tuna — a product that joins a casualty list that already includes diamonds and restaurants such as Applebee’s. Before we get to that, let’s review the newest charges leveled against millennials.

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PayPal Invests In Extend As Merchants Seek New Ways To Boost Online Conversion

PYMNTS

Even online merchants who offer customers extended warranties at the time of sale traditionally see about a 4 percent or 5 percent conversion rate. PYMNTS’ Retail Product Insurance Study found just such growing interest in extended warranties among some 2,700 online shoppers surveyed. Simplicity Sells.

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Wealthfront Raises $75M for its Millennial-Facing Investment Platform

Bank Innovation

Automated investing platform Wealthfront has just closed a $75 million round of funding, which will be used to build out its millennial-focused platform, the company announced yesterday.