PYMNTS

DECEMBER 1, 2016

More than one out of four millennials carry less than $5 cash with them. And according to another study, nearly 20 percent of millennials have not used cash in two months. With a fifth of millennials already rarely using cash, it is clear that this is happening relatively rapidly,” said Kalle Marsal, CMO of Mitek.

Millennials 100

Millennials Trends Study Groups 100

Bank Innovation

DECEMBER 6, 2018

The face of banking and financial education has changed how we market in the course of a few short years. Digital media usage has nearly tripled since 2010, with the prevalence of smartphones responsible for more than 90% of this growth. Smartphones have become the device of choice for well over half of digital media […].

Millennials 170

Millennials Marketing Trends Mobile 170

PYMNTS

NOVEMBER 12, 2018

Connected devices are becoming ingrained in consumer shopping habits: More than 50 percent of shoppers made online purchases in seven of 13 product or service categories in the past seven days, according to the PYMNTS How We Will Pay Report , while 20 percent went online with mobile apps to buy food to eat at home.

Innovation 186

Innovation Samsung Apple Mobile 186

PYMNTS

JANUARY 22, 2018

More important, perhaps, than the innovations they made on behalf of their more famous lead players, was how their contributions accelerated those innovations’ time to market. Innovation in payments and commerce has an unsung hero, too. And who will influence how innovation happens. From Betty Crocker to Boxed.

Innovation 135

Innovation Online Branding El Paso 135

PYMNTS

JUNE 8, 2016

In a payments landscape that is ever-changing and rapidly growing, having a focus on innovation that takes that same approach is significant. As Peter Read , President of Peoples Card Services , recently pointed out to PYMNTS, needs are never static, and neither should the payments innovation aimed at addressing them.

Innovation 100

Innovation Millennials Cards Fintech 100

PYMNTS

AUGUST 28, 2019

Forget millennials – well, at least for a moment. So-called Generation Z is also driving much of the innovation when it comes to retail. The items are sold in small quantities to catch the interest of Generation Z and millennial consumers who aren’t interested in buying in bulk. Take Target, for instance. Gen Z Trends.

Retail 148

Retail Trends Millennials Survey 148

PYMNTS

OCTOBER 1, 2019

To that end, ownership of the key enabler of contactless payments – that would be smartphones, of course – is up, reaching 90 percent in 2019 versus 84 percent in 2018. In paying for their retail purchases online and in store, in terms of the overall respondent pool, 9.6 percent of the bridge millennials and 42.2

Millennials 140

Millennials Payments Study Groups 140

PYMNTS

SEPTEMBER 18, 2018

And in lending, with the financial crisis in the rearview mirror, a decade on, invention – okay, innovation – has become a hallmark, at least in some corners. The trigger for the look back has of course has been the Sept. Any number of musings have graced any number of websites these past few days about what it all meant and means.

Lending 148

Lending Innovation Fintech Cards 148

PYMNTS

NOVEMBER 2, 2020

consumer seems happy to test the waters — and none more so than the coveted bridge millennials. According to PYMNTS survey data, nearly three times as many bridge millennials are Amazon Prime members as Walmart+ members. But three in 10 bridge millennials already report having both, just a month in. Those are the 47 million U.S.

Millennials 246

Millennials Retail Online Report 246

PYMNTS

SEPTEMBER 16, 2019

And so a sheepherding innovation – and new vocabulary word – was born. In the payments ecosystem, we need look no further than the bridge millennial for how the connected purchasing experience will evolve over the next decade. Analysts pinpoint certain companies as bellwethers for the performance of a sector.

Millennials 222

Millennials Study Course Trends 222

PYMNTS

JANUARY 14, 2021

percent of grocery shoppers are ordering groceries online to be delivered at home more now than they did before the pandemic began, while 21 percent are ordering grocery for curbside pickup more than before, and 11.9 percent are ordering groceries online to be picked up in-store more than they did before. Our research shows 22.7

Meeting 165

Meeting Arkansas Retail Millennials 165

PYMNTS

DECEMBER 11, 2018

Give a deep and welcoming hello to the newest form of window shopping — a consumer behavior that will help to shape retail in 2019 and beyond, and a trend that stands as an increasing part of shopping, one that promises to impact brick-and-mortar merchants as they decide how to innovate. percent innovating to improve business analytics.

blockchain 170

blockchain Retail Trends Mobile 170

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

JUNE 7, 2019

Forget millennials, that consumer segment that is blamed for the downfall of most everything while also being the target of many innovative efforts. There are signs of an emerging mini-genre online that gives advice on what single people should buy at that warehouse store – which, of course, sells items in bulk.

Retail 133

Retail Millennials Online Innovation 133

PYMNTS

JULY 25, 2019

Banks need to innovate faster and further when it comes to the technology they use on their online platforms, as to stay one step ahead of bad actors with access to the same technology. Of course, mobile and digital technologies aren’t always enough to ensure consumer loyalty.

Digital Banking 176

Digital Banking Innovation Fraud United States 176

PYMNTS

DECEMBER 4, 2018

As depicted over the summer in our Innovation Readiness Playbook , FIs are focusing efforts across digital wallets, P2P payments and, of course, loyalty programs. The Millennials Cometh. We are talking here, of course, about millennials. Eyeing the Debit Landscape Amid Thin Margins. There’s a wrinkle here, though.

Payments 191

Payments Millennials Cards Course 191

PYMNTS

MAY 30, 2016

If brick-and-mortar merchants can claim anything sacred from the total encroachment of online retail on its turf, it’s the highest echelon of uber-luxurious commerce. That is, if the current trend toward dollar shopping holds — both in-store and online. billion total. ”

Online 100

Online Retail Branding National 100

PYMNTS

OCTOBER 22, 2020

But that’s against a backdrop where interest rates are low, and thanks to the Federal Reserve, will be near zero over the course of several years. And with a nod toward capital market innovation, Bergeron predicted “a lot of money will run to them until there’s too much money in them.”. Looking Toward Growth (And Fundamentals).

Fintech 169

Fintech Capital Innovation Data 169

PYMNTS

DECEMBER 21, 2020

You can see it in how investors are putting money to work in both consumer-facing and B2B startups, and how startups and incumbents are forging new partnerships to move innovation faster to market. And since iPhone users skew more to the affluent, it also denied those innovators the opportunity to monetize their spend. 23-25, 2020.

Apple 227

Apple Study Innovation Survey 227

PYMNTS

DECEMBER 30, 2020

College-educated shoppers also outpace those with only high-school degrees or less, while bridge millennials, millennials and Generation Zers expressed greater interest than Gen-X and Baby Boomers did. Nike’s digital engagement goes beyond merely selling products online. For example, 43.9 percent who earn less than $50,000.

Branding 257

Branding Millennials Retail social media 257

PYMNTS

JANUARY 14, 2019

Of course, last week was also the long-anticipated swan song for the nation’s second oldest U.S. That’s because they’ve trained consumers over the last half decade that walking into a store isn’t as nearly as satisfying or productive an experience as shopping online—and not necessarily from those same traditional players.

Retail 198

Retail Online Mobile Data 198

PYMNTS

MAY 29, 2018

If one were trying to come up with the most millennial-sounding product imaginable, it would be hard to do much better than an artisanal marshmallow. And, for the brand’s increasingly avid fans attest, the artisanal marshmallow is not a joke: It is an innovation the world was waiting for but did expect. A New Innovative Dream.

Millennials 101

Millennials Chicago Branding Study 101

PYMNTS

JANUARY 9, 2020

Attendees will learn that younger generations – Generation Zers and millennials among them, who wield significant (and growing) spending power – care more about payment flexibility (and options) than merchants might realize. In the webinar scheduled for Jan. Retooling the Approach.

Payments 151

Payments Case Study User Experience Millennials 151

PYMNTS

APRIL 18, 2019

As covered by PYMNTS , Neiman Marcus has acquired a minority stake in Fashionphile, an online company that sells pre-owned designer handbags and other similar products. The move follows a failed relationship, one that ended in 2016, with The RealReal, an online luxury reseller that is mulling an initial public offering for this year.

Retail 117

Retail Online Trends Course 117

PYMNTS

JUNE 28, 2017

From their affinity for brunch (and avocados on toast ) to their attachment (uncorded, of course) for subscription services , it’s no secret millennials have some significant spending differences compared with older generations. Focusing on mobile millennials. That can be a tremendous help. Keeping up with what’s next.

Millennials 108

Millennials Security Mobile social media 108

PYMNTS

OCTOBER 30, 2018

But, of course, no one likes having to go and replace a tire. Unless, of course, they never want to go to the store at all. Users can order up an online valet so that their car can be picked up and dropped off after the tires are changed. There is the expense involved, often considerable. But worse, much worse, is the time.

Millennials 159

Millennials Maryland Metro Course 159

PYMNTS

FEBRUARY 21, 2020

According to Tillster research , in the last 12 months, more than 50 percent of QSR customers ordered online for delivery, and over 51 percent would order more often if delivery was offered. Of course, third-party delivery services like Seamless and DoorDash are an option. Such methods as QSR mobile apps (6.2 percent), QSR websites (4.8

Customer Experience 146

Customer Experience Operations Millennials Online 146

Accenture

OCTOBER 3, 2017

Of course, some of this investment came from banks. Based on this survey of over 2,000 consumers, it’s clear that online retailers, tech firms and social-media players face an uphill battle to convince consumers to allow them access to their financial data. That’s no surprise. So why not? It all comes down to a lack of trust.

social media 151

social media Millennials Online Fraud 151

PYMNTS

JUNE 26, 2020

What we are seeing [is] continual innovation in terms of services and offerings for corporates and for individuals that are being built utilizing open banking rails.”. Some of these innovations include improved data gathering capabilities and heightened protection against financial crime. Open Banking Prevents Data Exposure.

System 198

System Data Security Examples 198

PYMNTS

SEPTEMBER 12, 2018

A lifestyle brand for millennial buyers with an eye for design – but perhaps not the pocketbook for designer prices – the watch and accessories startup MVMT started on its path in 2013. “We are online shoppers. Being millennials, shopping online, seeing the growth of eCommerce before it really blew up … we saw that coming.”

social media 101

social media Branding Millennials Groups 101

PYMNTS

JUNE 5, 2018

When most people consider a “buy online, pick up in store” arrangement, they’ve already made the purchase when they arrive to collect their item. Millennials don’t see distinctions between fashion, music, content and commerce,” said Krishna Nikhil, SSENSE’s chief merchandising officer told The Wall Street Journal ( WSJ ).

Branding 116

Branding Millennials Retail Online 116

PYMNTS

JUNE 5, 2018

MMGY , a travel marketing firm, has found that 33 percent of millennials are willing to use travel agencies. That’s not to say travel agents have resisted the digital trend, of course. And younger consumers have not abandoned travel agents.

Millennials 100

Millennials System Trends Marketing 100

PYMNTS

OCTOBER 29, 2018

The day after Halloween marks the 60-day sprint to the end of the year – a year in which the pace of innovation has accelerated materially. The shifts associated with that innovation are beginning to take root, and those impacts are beginning to be felt. In fact, according to our recent study, they come in dead last.

Payments 196

Payments Google Apple Innovation 196

PYMNTS

AUGUST 1, 2019

In that sense it might be hard to pick them out as innovative as first glance. I really think the genesis of that is coming from millennials. And millennials are a very interesting group to watch. In many locations outside the U.S. Because if the term ‘less is more’ ever really made sense, it is for this generation.

Washington 109

Washington New York Millennials United States 109

PYMNTS

MAY 25, 2017

The firm in March won gold at Innovation Project 2017 for “Best Comeback Story.”. Broadly speaking, said the CEO, “there has been a tremendous amount of technology innovation in restaurants and certainly that has been the case with things like online ordering, online reservations.”.

System 112

System Technology Innovation Tools 112

PYMNTS

MARCH 15, 2018

Incidentally, none of these methods are any better or worse than the others if the goal is to pick a perfect bracket that correctly predicts the course of the entire tournament. The average American is far more likely to win an Academy Award, be elected President or find several four-leaf clovers over the course of their lifetime.

Payments 108

Payments Millennials US Fraud 108

PYMNTS

APRIL 30, 2018

But the world changed, of course — the digital economy rose and, though people were still using screens to shop from home, TV was no longer the screen of choice. And the the brand isn’t just moving its sales online, but is increasing expanding its businesses there. If you go to other online retailers, it’s a transaction.

Branding 129

Branding Millennials Retail social media 129