PYMNTS

APRIL 12, 2019

Couples could better manage their financial lives if they had a transparent platform where they could share the financial data they wanted to share, keep private what they wanted to hold back — and work jointly to set and meet their financial goals. When Honeyfi got off the ground in 2017, it had a pretty simple idea. A Lot of Right Ways.

Millennials 154

Millennials Tools How To Video 154

Jeff For Banks

APRIL 4, 2024

Consumer Demographics and Changing Customer Demands Remember all the pre-pandemic talk about millennials? You couldn't go to a conference without every presenter having millennial this or millennial that on their slide decks. Now the oldest millennial is 43 (see table by Statista).

Banking Trends 119

Banking Trends Trends Millennials Oregon 119

PYMNTS

SEPTEMBER 16, 2019

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. Bridge millennials own slightly more devices than the average consumer in our study: six devices compared to the roughly five that most consumers own. This group of 60 million U.S.

Millennials 222

Millennials Study Course Trends 222

NCR

MARCH 22, 2017

Today, millennials are the largest generation in the United States – and their levels of entrepreneurship are unprecedented. Millennials are starting more businesses than previous generations, and they’re starting them at a younger age than their predecessors. Of course, those relationships are not a given.

Millennials 49

Millennials Innovation Digital Banking Security 49

PYMNTS

FEBRUARY 14, 2020

That didn’t mean the process wasn’t incredibly stressful, he noted, because in 2016, the buy now, pay later (BNPL) concept Afterpay was selling was still very new, and the millennial demographic the firm was anticipating to carry it forward weren’t quite into their significant spending years yet. 18 months ago, in the U.K. The Two Big Bumps

Millennials 159

Millennials Retail Management US 159

PYMNTS

DECEMBER 24, 2020

And, of course, 2020 was the year that proved everyone’s predictions wrong (except Webster’s, actually, who predicted a banner year for the connected economy and ended up being more spot on than she could have realized at the time). Which may explain why many predictions are wishy-washy or soon proved wrong,” she noted. The Expert Opinions

Millennials 206

Millennials Retail Course Report 206

PYMNTS

AUGUST 28, 2019

Forget millennials – well, at least for a moment. 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. Millennials still have a lot of influence in retail but don’t turn your back on Generation Z. Take Target, for instance.

Retail 148

Retail Trends Millennials Survey 148

PYMNTS

NOVEMBER 20, 2018

Of course, no road trip is complete without snacks and refreshments. Bridge Millennials, a highly influential group of consumer bellwethers, agree that convenience is key for mobile app adoption. 85 percent of Bridge Millennials said receiving discounts is the most important feature of a gas app.

Millennials 177

Millennials Data Mobile Report 177

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. Webster noted that along with technology, the demographics picture is shifting a bit.

Payments 191

Payments Millennials Cards Course 191

CB Insights

JULY 25, 2019

Fintech is often associated with digital tools targeted at tech-savvy millennials. Download the free report to find out how fintech is shaping the future of wealth management and investing. Money management tools are helping people stay independent. Money management tools are helping people stay independent .

Millennials 73

Millennials Fintech Tools Fraud 73

PYMNTS

FEBRUARY 13, 2020

Among the key focal points for NCR looking ahead lies expanding card management and commerce capabilities. However, the branch experience does need to evolve, he noted, as FIs see their own customer demographics shift toward younger, tech-savvy millennials. Looking At Open Banking. Here, geography plays a role.

Millennials 231

Millennials Digital Banking Mobile Course 231

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

FEBRUARY 25, 2020

As the report states, “We … find that a significant share of consumers are willing to bank with the institutions — financial or otherwise — that offer them the best spending and money management tools.”. The highest interest is among “bridge millennials” whose card spend averages $40,000 annually. Mobile Cards: Make or Break?

Mobile 153

Mobile Cards social media Survey 153

PYMNTS

DECEMBER 20, 2019

The customer would then pay off the purchase over the course of a few weeks or months until the full purchase price had been paid. Pay over time — and with interest, Anthony Eisen, CEO and managing director of Afterpay , noted in an interview with PYMNTS. After its birth in the 1930s, layaway had a long run in the U.S.,

Millennials 137

Millennials Retail Tools Branding 137

PYMNTS

APRIL 29, 2020

The April 2020 New Payment Flows edition of PYMNTS’ Credit Union Innovation Playbook series, a PSCU collaboration, looks into the credit union (CU) space at a pivotal moment: Many concepts, from eating to shopping to traveling and, of course, how we pay, have changed forever. The main reason for that is a members-first mentality.

Innovation 152

Innovation Payments Millennials Survey 152

PYMNTS

OCTOBER 15, 2020

But Levin, whose extended warranty startup just raised $40 million from PayPal and other backers, told Karen Webster in a recent conversation that his firm has managed to boost that as much as sixfold. It's the Autumn season and golf courses are closing soon. Extend (@HelloExtend) October 5, 2020.

Online 334

Online Exercises Retail Capital 334

PYMNTS

JANUARY 14, 2020

Broadly speaking, it seems the follow-up act to the millennial generation – that is, Gen Z – is much more positively inclined toward using credit products of all stripes. Far more millennials and Gen Xers make use of credit cards than Gen Zers – at 38.29 million and 38.27 million, both cohorts have roughly quintuple the carrying rate.

Innovation 160

Innovation Payments Millennials Cards 160

PYMNTS

JANUARY 14, 2021

Delivery done right meets a consumer’s needs including around delivery time — with Walmart’s partnership with HomeValet described by Ward as “one of many solutions we’re testing” to make people’s lives “more manageable.”. Smart boxes, by design, expand the number of needs Walmart can meet, and when they can meet them.

Meeting 165

Meeting Arkansas Millennials Retail 165

PYMNTS

SEPTEMBER 3, 2020

Of course, large retailers, too, are continuing to invest in accelerating their investments in their digital experiences. Companies have had to adjust their inventory management practices, and in many cases amid lockdowns and shutdowns have had to look for alternative vendors. As he told PYMNTS, “Payments behavior is generational.”.

Payments 262

Payments Security Millennials Retail 262

PYMNTS

JANUARY 3, 2020

According to a study by Aite Group , most student loan tuition payments are made via electronic check (ACH), followed by debit cards, which are favored by millennials and Gen Yers everywhere. Sounds like they’re describing college students – and, of course, they are. The writing is on the whiteboard: School’s out for paper payments.

Payments 130

Payments Millennials Cards Study 130

PYMNTS

AUGUST 9, 2019

Automation efforts in retail, he said, can be split into two camps — one focused on the front end, or consumer experience, and the other on the back end, which ties into behind-the-scenes functions such as inventory management. He noted that millennials have “grown up with the online world on their smartphones.”

Retail 181

Retail Analytics Millennials Online 181

PYMNTS

JUNE 8, 2020

Of course, refinancing a mortgage requires having a mortgage already — something that only some 37 percent of millennials have managed to achieve. This raises an interesting question — given that credit is being crunched, will millennials find themselves further alienated from the traditional credit-card industry?

Cards 144

Cards Millennials New York Lending 144

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. It was this observation, said Fred Thomas, vice president and general manager of retail for Goodyear, that led the firm to believe it had reached a crossroads where innovation is necessary.

Millennials 159

Millennials Maryland Metro Course 159

PYMNTS

JUNE 26, 2018

“This level of debt is more manageable than it was at the time of the financial crisis because of those income numbers. But that 42 percent of debt is not divided evenly among consumers — millennials are carrying the vast bulk of it. Consumers are taking on more debt — but they have more income with which to cover it.

Millennials 116

Millennials Lending United States Comparison 116

PYMNTS

NOVEMBER 8, 2016

In the latest installment of Data Drivers, PYMNTS’ Karen Webster and Sarah Clark, general manager at Mitek, sifted through what might be done to protect those hundreds of millions (and counting) of accounts, on a large scale and writ small. “As There is, of course, no global standard on identity verification.

Security 186

Security Mobile Course Data 186

PYMNTS

FEBRUARY 19, 2020

Depending on how one defines the terms “weight management” or “weight loss services,” the industry is projected to be valued at $21 billion on the low end up to $443 billion on the high end by the year 2025. billion in revenue a year. billion in revenue a year. Noom is an app-based method for tracking calories and activity.

Marketing 131

Marketing Exercises Course Big Data 131

PYMNTS

JANUARY 9, 2019

When talking about advances in home automation and artificial intelligence (AI)-guided systems for consumers, the conversation has a natural tendency to drift toward younger consumers, particularly millennials. By Cherry, of course.

Millennials 244

Millennials Video System Technology 244

PYMNTS

MAY 31, 2017

Bank, said that cash remains the most common method of transactions and “what’s amazing about that is that millennials are the most likely users of cash. Owning and managing your own fleet is pretty expensive,” said Cullen, especially given “the increasing compliance burden.”. Then, of course, Windows 10 is coming as well.

ATM 100

ATM Millennials Cards Management 100

PYMNTS

MAY 22, 2018

This challenge is seen across the spectrum of consumers, but it’s most acutely noticeable among older or bridge millennials — consumers between the ages of 30 and 40 who are buying houses, having children and beginning to settle into their roles as the drivers of commerce in the U.S. according to the figures PYMNTS has gathered.

Millennials 109

Millennials Branding Retail Online 109

PYMNTS

MARCH 6, 2019

Use cases span the gas pump, the retailer’s aisle, the kiosk and, of course, online. That sentiment, of course, has been echoed in this space by Webster herself, who noted that Amazon’s share of eCommerce has grown to as much as 50 percent in just a few short years, and where Amazon Go is likely to ride a wave of Amazon Pay transactions.

Retail 148

Retail Payments Online Course 148

PYMNTS

OCTOBER 22, 2020

The panel included: Doug Bergeron , managing partner at Hudson Executive Capital ; Ian Drysdale , executive in residence at Great Hill Partners ; Amit Jhawar , venture partner at Accel and Rick Roberts , analyst and portfolio manager at Vulcan Capital. The discussion was part of the ongoing B2B Payments 2021 PYMNTS TV series.

Fintech 169

Fintech Capital Innovation Data 169

PYMNTS

JUNE 26, 2020

said John Elliott , head of open banking at banking and wealth management group Investec. They were exploring] how to educate people better [about] managing and spending money and bring them back into the financial system as good payers.”. But the reality is that all of those prophets of doom haven’t come to pass.

System 198

System Data Security Examples 198

Abrigo

MAY 5, 2022

Thankfully for bank and credit union executives, lenders, risk managers, and Bank Secrecy Act (BSA) Officers, banking podcasts and podcasts for credit unions are plentiful, and options are growing. Of course, there are numerous other excellent banking podcasts available that are worth a listen. Banking Resources.

Community 195

Community Lending Maine Resources 195

PYMNTS

DECEMBER 9, 2019

Kaplan expects consumers to leverage BNPL for holiday purchases, as it will allow them to free up their cash flows and better manage spending. Fashion to Figure has not completely let go of credit, of course. Cutting through the holiday buzz . Retail is all about conversion.

Millennials 131

Millennials Branding Retail Payments 131

PYMNTS

SEPTEMBER 4, 2019

In an interview with PYMNTS, Richard Noguera , chief information security officer at Yapstone , discussed the findings of the playbook titled “ Meeting the Millennial Need For AI-Powered Visual Shopping.”. And, done right, maybe a few clicks on a buy button, too. Such a shift will be subtle — and the product placements may even be subliminal.

Millennials 110

Millennials Data social media Analytics 110

PYMNTS

DECEMBER 22, 2020

In a year marked by unpredictable events, high unemployment, business closures and, of course, a global pandemic, the U.S. That's what the millennial and younger consumer prefer to use.”. A year like no other draws to a weary close. I think debit ultimately wins out,” Fagan continued.

Cards 308

Cards Maine Millennials Course 308

PYMNTS

FEBRUARY 5, 2020

And, Garg noted, as millennials and Gen Z consumers are aging into their prime spending years, he believes it will push them to an ever-greater global scale going forward. The funny statistic I hear is that 40 percent of millennials fear credit card debt – nearly as many as the 43 percent that fear car crashes,” he noted.

Cards 143

Cards Millennials Regulation United States 143