Amex bets on millennials, Gen Z for growth
Payments Dive
MARCH 14, 2023
As it pursues younger consumers, the company is angling to ensure its high-fee cards offer enough value for millennials and Gen Zers.
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Payments Dive
MARCH 14, 2023
As it pursues younger consumers, the company is angling to ensure its high-fee cards offer enough value for millennials and Gen Zers.
PYMNTS
JANUARY 13, 2020
Millennials have long been sought-after travel and hospitality customers, partly because they are perfectly placed to seek such experiences. This unique status creates both opportunities and challenges for firms in the space, as millennials search for the experiences they crave. Furthermore, millennials are set to spend $1.4
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Bank Innovation
APRIL 5, 2017
61% of investors in the millennial generation are saving for retirement, buying a home, or for other long-term financial goals, according to a survey conducted by digital investment company Stash. The next most common […].
Bank Innovation
MARCH 8, 2018
While millennials remain the top adopters of mobile banking, the generation is also more likely to have problems with their financial apps, a new survey released by online mobile payment and identity verification company Jumio found.
Bank Innovation
JUNE 27, 2017
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.,
PYMNTS
MARCH 6, 2020
San Francisco-based Empower Finance, a mobile banking app aimed at helping millennials save wealth, has raised $20 million in a Series A funding round led by Defy Ventures and Icon Ventures, according to a report. The company, which was founded in 2017, is run by a former Sequoia Capital partner named Warren Hogarth.
PYMNTS
FEBRUARY 10, 2020
So much so that Reynolds quickly grew beyond being an aluminum foil company, expanding into an entire universe of home products: cling wrap, parchment paper, plastic containers, etc. The company also used Instagram to launch the “endless table” campaign, centered around all the foods one can cook with Reynolds wrap.
PYMNTS
MARCH 13, 2020
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.
PYMNTS
APRIL 22, 2019
Millennials have long borne the blame for a variety of problems in commerce, including the decline in popularity of diamonds and certain fast casual restaurants. Millennials could be helping to bring new life to call center commerce. Millennials are increasingly seeking access to luxury goods — including relatively affordable items.
Bank Innovation
DECEMBER 12, 2017
Global payments technology company Mastercard is opening a new platform aimed at the financial management needs of the millennial generation, the company announced today.
PYMNTS
AUGUST 7, 2020
Such payments take days to arrive and are sparking frustration among consumers, leading many companies to consider implementing digital methods that can zip these funds more directly into consumers’ hands. How Digital Disbursements Are Becoming Critical In The Millennial Investing Industry. About The Tracker.
PYMNTS
JANUARY 9, 2020
This can be difficult, even for companies used to dealing with the whims of travelers, as they must support multiple payment types and channels to ensure they are appealing to the largest possible base of potential guests. Homesharing Platforms Vie For Millennial, Gen Z Travelers. Travel, Hospitality Get A Millennial Makeover.
PYMNTS
DECEMBER 28, 2018
The new year will bring a new round of one of the hottest games in the payments-and-commerce world: What makes millennials tick? Census, millennials are 25 to 34 years old. The reason for that is because data shows a significant difference in payments and commerce between this segment and the Census view of millennials.
Bank Innovation
JANUARY 5, 2018
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.
PYMNTS
SEPTEMBER 14, 2020
trillion global investment giant founded in the 1940s and named after Benjamin Franklin is teaming up with upstart Razer Fintech to create a digital wealth management platform targeted at millennials and young investors. 14) to work together to develop the new platform.
Bank Innovation
FEBRUARY 6, 2018
EXCLUSIVE— Digital mortgage company Better Mortgage has displayed rapid growth over the last year, originating $157 million in mortgages during 2017: a 1500% increase from the $10 million it originated in 2016.
PYMNTS
AUGUST 23, 2017
AI FinTech company Douugh’s CEO Andy Taylor shared his thoughts with PYMNTS on how this technology in particular is going to affect the industry that touches all others – banking. “AI As more millennials become adults and baby boomers pass on, these young adults will have larger purchasing power. million).
PYMNTS
APRIL 5, 2019
Millennials have been unloading Tesla shares a week before the company revealed disappointing Q1 delivery numbers. The company’s Q1 report sent shares falling by more than 8 percent on Thursday (April 4), according to Markets Insider. Tesla is down nearly 20 percent so far this year.
PYMNTS
JULY 15, 2020
The enrollment period for the Greenhouse mobile banking program has ended, and we’re no longer accepting new applications,” the company wrote on the Greenhouse program’s website. Millennial-Banking Apps Are Struggling. If there isn’t, look for more banks to discontinue their millennial-focused apps. For instance, J.P.
PYMNTS
DECEMBER 4, 2018
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.
PYMNTS
MARCH 29, 2019
This month’s Faster Payments Tracker explores the latest developments, as FIs and other companies seek to provide or tap into accelerated payment services. In some cases, clients who send utilities payments may have their services temporarily cut off if the money is slow to reach the companies. Around the Faster Payments World.
PYMNTS
NOVEMBER 26, 2019
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 by the end of this year.
PYMNTS
DECEMBER 18, 2018
Millennials value experiences over things, as the familiar digital age adage goes, but sometimes millennials do, in fact, need actual things , such as sofas, beds and tables to furnish their apartments and houses. The Wall Street Journal also noted that “transparency rates highly for a typical millennial site.”
PYMNTS
SEPTEMBER 18, 2018
To get more millennials on board, the Bentonville, Arkansas-based retailer is rolling out offerings designed to attract younger, well-to-do consumes in urban areas. Jet.com is broadening its selection and rolling out same-day delivery in the Big Apple for kinds of items that millennials purportedly crave, like craft beer and local foods.
PYMNTS
SEPTEMBER 12, 2017
Millennials are making up an increasingly large portion of corporate buying teams, and it’s shaping the way buyers interact with their suppliers, finds the latest research from SnapApp and Heinz Marketing. The companies recently released a survey based on 503 B2B buying companies, conducted in June.
PYMNTS
OCTOBER 15, 2020
India’s pay-later app Slice is introducing a no-fee Visa card that offers its Gen Z and millennial customers cash back and no-cost EMIs during festive sales. “We Payments startup Slice was founded in 2016 to cater to the financial needs of the Gen Z and millennial generations.
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. Millennials and younger generations are digitally minded and want to interact with brands that can answer their personal requests through online and mobile channels.
PYMNTS
APRIL 6, 2019
Because the millennial art buyers are arriving – and what they buy, how they buy it and how they relate to it is very different than prior generations. The Simpsons,” Dolls, Shoes – The Eclectic World of Millennials’ Collections. It wasn’t the only big sale for a KAWS piece that day – a millennial Chinese buyer dropped $2.6
PYMNTS
AUGUST 23, 2017
Millennials get a bad rap for everything from being unable to commit to a job to jeopardizing the cereal market. But, here’s a bit of good news coming out of travel and expense management company Concur: Businesses that have millennials in their workforces may actually save money — at least when it comes to business travel.
PYMNTS
APRIL 5, 2019
Against this backdrop, we find, then, that millennials do not embrace credit cards as readily as other groups of users. Bankrate has estimated that roughly 33 percent of millennials have cards. In one example, the apparel company Cotton On last year began offering installments via Afterpay.
PYMNTS
AUGUST 25, 2019
Kohl’s is teaming up with the social media giant to uncover emerging brands that millennial shoppers consider cool. In another attempt to reach millennials, Kohl’s partnered with Popsugar to launch a clothing line last September. Kohl’s is following a retail movement to offer curated collections so shoppers can explore new trends.
PYMNTS
MAY 10, 2017
The millennial generation is often viewed as the entitled group of youngsters that believe everyone should get a participation trophy, while baby boomers are typically seen as more of a “pull yourself up by your own bootstraps” kind of generation. What makes this even worse is that millennial unemployment is an astounding 11.5
PYMNTS
AUGUST 23, 2019
An AI-Powered Visual Shopping Experience For Millennials, Gen Z. Tech-savvy millennials and Gen Z consumers want a shopping experience that offers visual search to enhance product discoverability, harkening to social media apps such as Instagram and Pinterest. To learn more, visit the Playbook’s feature story.
PYMNTS
JULY 24, 2019
OpenTable, an online restaurant reservation company, has partnered with Caviar, Grubhub and Uber Eats to provide delivery from restaurants all over the country, according to reports. The company has also revamped its mobile interface. It plans to eventually provide delivery times and costs inside the app.
PYMNTS
MAY 13, 2019
Bleacher Report, a millennial-focused sports website, has been steadily expanding into the sports betting space, attracting a new generation of gamblers who don’t consider sports gambling a bad thing, according to a report by CNBC. Bleacher Report said its sports betting category has shown massive growth for the company.
PYMNTS
APRIL 24, 2018
When it comes to stock market picks, Wall Street investors are placing their bets on the buying power of the millennial generation. Horton, which he believes should get a boost as more millennials become first-time homebuyers. I like to call this chart ‘millennials can’t cook,’” Ran said. homebuilder D.R. In fact, D.R.
PYMNTS
MARCH 23, 2018
In an effort to attract millennials to its platform, Square is offering a pilot program that gives its Square Cash Card customers a dollar off their coffee purchases. The effort could change millennials’ payment behaviors, MarketWatch reported. People who only opened the app were not counted in the metric.
PYMNTS
DECEMBER 17, 2019
It said that 70 percent or more of millennials are involved in B2B buying decisions. “As Indeed, it added, some most B2B buyers these days “expect B2B companies to personalize communications in a way that suits their needs. The company provides an API that employers can use to receive a services quote, at near-instant speeds.
PYMNTS
SEPTEMBER 29, 2020
We see millennial and Gen Z customers absolutely shopping, and the brands that deeply understand them are growing at faster rates than they have ever grown before,” Molnar said. Kostick said the company had to say to itself: “We have these great knowledgeable retail associates in our stores, so how do we leverage that?
PYMNTS
SEPTEMBER 22, 2017
Though many retailers have assumed millennials are behind the trend toward highly digitized, online-focused shopping experiences, baby boomers might be the real culprits. In the Northeast, 25 percent more millennials visit multiple stores when bargain shopping than baby boomers.
PYMNTS
APRIL 15, 2020
At the same time, other companies, such as online retailer Amazon , have been hiring at a brisk pace. Accenture and Verizon have launched a new initiative that aims to bring together the workers whose jobs have vanished overnight and the companies that may be booming in contrast. millennials identified as gig workers.”.
PYMNTS
OCTOBER 27, 2016
ID Analytics, a consumer risk management company, announced Wednesday (Oct. 26) new research that revealed over six out of 10 millennials declined for credit are not seen applying again for at least 12 months. A frequently referenced Bankrate.com study reported that 63 percent of millennials do not have a credit card.
Abrigo
AUGUST 1, 2016
Everywhere you look, it seems, there are articles about Millennials: Millennial workers, Millennial customers, Millennial homeowners, Millennial voters. And banks and credit unions looking to grow business loan portfolios , especially, can benefit from insights into Millennial entrepreneurs.
PYMNTS
OCTOBER 16, 2017
Millennial hourly wages are higher than those of any other generation, according to the latest data from Paychex. In its latest report, “ The Rise of the Millennial Employee ,” Paychex found that millennial hourly wages have been steadily increasing since 2011, while those of Generation X and Baby Boomers have been steadily declining.
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