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Report: Millennials, Buy Now Pay Later And The Shifting Dynamics Of Online Credit

PYMNTS

It has been suggested that millennials are averse to having and using credit cards. Millennials are in fact as likely as other generations to have credit cards, with nearly nine out of 10 having at least one card, according to PYMNTS’ latest research. percent of bridge millennials have used BNPL, close to double the average.

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Mobile Ordering, The New Window To Winning Over Millennial Consumers

PYMNTS

It seems that most every industry these days is vying for millennial dollars and devotion. For an industry where millennials are projected to spend nearly $800 billion in 2017 (that’s 7 percent more on monthly food budgets than average Americans), restaurants are hankering to pull out all the stops to get millennials to order — in or out.

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Salesforce On Digitizing The Mortgage Process — With An Eye On Millennials

PYMNTS

As he described it, applying for a mortgage is a process that is known for how much paper is involved, the expense, and the time one spends finding documents, uploading and downloading forms, and of course keeping track of it all. The millennial borrower,” Green told PYMNTS, “expects to be able to go as far as they can with self-service.

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Affirm Unveils High-Yield Savings Account With Optional Auto-Deposit

PYMNTS

The alternate payment company said the offering is available through its app, which users can download from the Google Play Store or App Store. Affirm said that millennials and Generation Z comprise more than half of Affirm’s user base and are “especially suspicious of the fine print and hidden fees linked with traditional banking services.”

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NEW DATA: Better Customer Service Could Sway 3 in 10 Consumers To Switch Credit Cards

PYMNTS

There is a growing list of things millennials have seemingly been blamed for rendering obsolete, such as cocktail napkins, casual dining and expensive engagement rings. Billing issues and payments is the most common reason, cited by 29 percent of cardholders, followed by fraud and data security, cited by 23.8

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What The Trendsetters Say About How We Will Pay Next Decade

PYMNTS

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. Out are the devices that connect to the internet but only do one thing – fitness trackers that only track vital stats or eReaders that only download content, for example.

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Banking Apps Shun Geolocation Data; Why Fraud Risks Could Follow

PYMNTS

But he said that in some cases, banks fail to do so because a customer’s initial download of an app didn’t request it, or possibly because users might have switched off location permissions on their smartphones. “If But the consumer doesn't even know [banks] haven't asked for location. A Rude Awakening.

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