PYMNTS

SEPTEMBER 30, 2020

Luxury retailers are also targeting millennial and Generation Z consumers to expand their customer bases, with one report showing that millennials accounted for 35 percent of high-end retail purchases, for example. Australia-based installment payment provider Afterpay , for example, has seen its revenues hit $3.8

Payments 279

Payments Millennials Retail Trends 279

PYMNTS

JULY 17, 2020

This brings new urgency to challenges that have long faced subscription providers in a crowded and competitive market, including onboarding, conversion hurdles and the need to offer flexible and customizable plans and pricing options, particularly for users considering ending their subscriptions. Another survey found that the share of U.S.

Course 141

Course Marketing Survey Millennials 141

PYMNTS

OCTOBER 4, 2020

Hims , a direct-to-consumer company selling health products targeted at millennials, is using a SPAC to go public , for example. Josh Harris , co-founder of Apollo Global Management , said the SPAC trend is not a flash in the pan. The trend has grown in recent months.

Google 257

Google San Francisco Capital Millennials 257

PYMNTS

MAY 26, 2017

Fortunately, it appears the recreational market is getting some much-needed innovation to help organizations and associations process payments and participant registration. One company that is innovating in the sports and recreation industry is Amilia, an online registration and membership management platform. In the U.S., In the U.S.,

Marketing 115

Marketing Payments Community Millennials 115

PYMNTS

DECEMBER 30, 2020

Many enjoyed huge first-day price pops, heating up the IPO market even more — and 2021 seems poised to only continue the fireworks. Popular stock-trading app Robinhood Markets reportedly recently hired Goldman Sachs to lead a possible 2021 IPO that would value the company at more than $20 billion. Robinhood ($20 Billion+) .

Marketing 198

Marketing Company Online Management 198

PYMNTS

OCTOBER 5, 2020

Now that consumer packaged goods companies have shown they can create products and sell them directly to consumers, it’s time for them to step up their strong suit: marketing. The first example of such a move comes from Kellogg’s. Another marketing move can be seen from Clorox. The promotion started Sept. found that 54.6

Branding 183

Branding Millennials Resources Marketing 183

Insights on Business

FEBRUARY 13, 2019

For example, there are teams focusing on: Onboarding and Enchantment. Financial management. Revamping the company’s internal structure is one of the first steps Bradesco took to achieve the goal of creating experiences that meet expectations of millennials. If it doesn’t, negative news travels fast through millennial networks.

Albuquerque 152

Albuquerque Digital Banking Millennials social media 152

PYMNTS

SEPTEMBER 18, 2018

The changes that tech-savvy workers have imposed on their employers’ travel and expense (T&E) policies and strategies go beyond adoption of expense management FinTech solutions, too. The Pew Research Center found millennials are already the largest generation group in the U.S. “The T&E market is at a turning point.”

Millennials 138

Millennials Management Technology Innovation 138

CB Insights

JULY 25, 2019

Fintech is often associated with digital tools targeted at tech-savvy millennials. But there is a growing market of fintech companies serving the unique financial needs of Baby Boomers and older retirees — and for good reason. Download the free report to find out how fintech is shaping the future of wealth management and investing.

Millennials 73

Millennials Fintech Tools Fraud 73

PYMNTS

JANUARY 26, 2021

Market watchers have already begun listing additional features they want to see by the end of the year, according to reports. For example, many are seeking more information on how Amazon uses Alexa to collect consumer data, and how much control users have over how much data is harvested, which has been a long-running concern.

Millennials 175

Millennials Data Trends Security 175

PYMNTS

MARCH 13, 2020

Recent data shows that while millennial and Generation Z consumer groups certainly consider themselves to be digital shoppers — nearly 86 percent of millennials consider that to be the case, according to one recent report — large percentages of them still head to physical stores on a regular basis to shop.

Strategy 179

Strategy Millennials Retail Mobile 179

Independent Banker

OCTOBER 1, 2022

Each generation interacts, understands and uses technology differently, and fraudsters are triggering customers based on this understanding, says Glenn Fratangelo, director of product marketing and strategy at NICE Actimize based in Hoboken, N.J. Reports about fraud losses: Millennials vs. people 40+.

Fraud 133

Fraud social media Millennials Examples 133

NCR

NOVEMBER 9, 2017

Smartphones have revolutionized how people across the world, in particular young adults, manage their finances. For example, 59 percent of millennials have made a peer-to-peer (P2P) digital payment via a mobile device, compared with just 34 per cent of adults across all age groups. Image: iStock/diego_cervo.

Millennials 40

Millennials Mobile Maine Survey 40

PYMNTS

DECEMBER 14, 2020

customers, he said Afterpay has become as much of a marketing channel for its retail partners as it is a financing tool. Furthermore, Molnar said that Afterpay’s gross losses over the past 12 months were 1 percent, which is significantly lower than the credit card market, and the company’s average transaction size is only $150.

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US Retail Cards Millennials 322

Abrigo

SEPTEMBER 26, 2017

For example, according to a recent poll during the Sageworks Risk Management Summit, 39 percent of bankers say it typically takes their financial institutions from three to six weeks to close a new commercial loan, and another 36 percent said it takes more than six weeks. Read more about traits of millennial business owners here.

Millennials 150

Millennials Risk Management Capital Lending 150

NCR

JULY 12, 2016

Millennial customers are quickly becoming key to the growth strategy of financial institutions, particularly in hyper-competitive markets where customer churn remains high. While millennials tend to judge a bank on the basis of its digital capabilities, they still also expect a human connection to advise them.

Millennials 40

Millennials Meeting Compliance Regional 40

PYMNTS

JULY 15, 2020

CEO of Afterpay , recently told Karen Webster that consumers — particularly millennials and Generation Z — were already showing distinct preferences for digital commerce and paying with debit cards rather than credit cards. For example, luxury buyers tend to be more affluent and less likely to cut their spending during economic downturns.

US 206

US Retail Millennials Trends 206

PYMNTS

DECEMBER 11, 2020

SoFi, which works on refinancing student loans, mortgages and personal loans, and recently began offering stock trading and cash management accounts as well, was valued at $4.8 Report: Millennials, Buy Now Pay Later And The Shifting Dynamics Of Online Credit. Platform companies are coming to market with increasing frequency.

Trends 175

Trends Fraud Millennials Community Bank 175

PYMNTS

NOVEMBER 27, 2019

The bigger the IT budget, it would seem, the more can be spent on bringing innovation to market that grabs consumers’ minds and wallets. That’s especially true as millennials come up through the ranks, and are both comfortable and confident in using technology. Increasingly, technology itself promotes a personalized experience.

Innovation 215

Innovation Millennials Technology Examples 215

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. As Brown said, “In markets such as the EU and the U.K.,

Millennials 231

Millennials Digital Banking Mobile Course 231

CB Insights

MARCH 14, 2018

Sudden volatility has shaken the markets and the state of wealth management. Find out what’s ahead for traditional wealth managers and wealth tech startups. Millennials stand to inherit approximately $30T from their parents, the baby boomers, in the coming decades, and both upstarts and advisors are vying for a piece of the pie.

Millennials 53

Millennials Trends Management Company 53

PYMNTS

SEPTEMBER 15, 2020

Necessity being the mother of invention, consumers rapidly reset their lives around digital across the board — from working to shopping to learning to managing their financial lives online. That number climbs to 38 percent among baby boomers, 74 percent for Generation Xers and 85 percent for millennials and Generation Z consumers.

Fintech 224

Fintech Idaho Apple Google 224

PYMNTS

DECEMBER 10, 2020

It’s also a play to capture TikTok’s Gen Z and millennial audience. This multifunctional platform includes curation tools, allowing social sellers to build inspirational, personal web pages connected to the brand’s website, and a marketing platform where sellers can create optimized, brand-safe social posts that lead to transactions.

social media 257

social media Video Branding Online 257

PYMNTS

AUGUST 28, 2017

25) that it will implement machine learning credit approval models to determine if it will lend a consumer money as it goes after a segment of the market that doesn’t have a solid credit history. Ford said that includes millions of millennials who are also part of the fastest-growing segment of new car buyers. ƒFord Motor Credit Co.

Millennials 104

Millennials Study Lending Customer Experience 104

PYMNTS

JULY 23, 2020

Approximately 15,000 brands already offer or plan to offer BNPL provider Afterpay ’s solution, for example. It found that millennials and Generation Z consumers are seeking installment payment options and that the latter are especially wary of debt. The service has helped generate $2.4 In this month’s Feature Story, Rocky D.

Payments 181

Payments Report Retail Millennials 181

PYMNTS

MAY 4, 2017

In conversation with Cardtronics’ Brian Bailey, managing director for Global Financial Institutions, and Tom Pierce, chief marketing officer of the firm, Webster noted that even with the rallying cry of a war on cash in the digital economies — and in emerging markets — cash is alive, doing well and actually growing in terms of usage.

ATM 192

ATM Millennials United States Study 192

PYMNTS

JULY 25, 2019

In an interview with PYMNTS, Deirdre Ives, CEO and managing director at Wirecard North America, noted that when it comes to innovation, issuers face challenges in meeting the needs and expectations of a diverse populace of users spanning borders and cultures. market as an example of the co-existence and collision of cash and digital payments.

Payments 189

Payments Innovation Examples FDIC 189

South State Correspondent

AUGUST 16, 2023

Even if your bank has limited consumer exposure, given that the consumer composes approximately 66% of the US economy, and, according to the yield curve and market pundits, we are all staring into a recession, paying close attention to consumer trends is critical. These are cash flow management tools that send a signal of future problems.

Trends 195

Trends Cards Capital Data 195

PYMNTS

JULY 13, 2020

And the retailer ponied up a reported $200 million for pieces of Seattle-based startup CareZone ’s technology, which personalizes prescription drug management for individuals. markets in the next five years, with hundreds more potentially in the offing as well. Everyone From Pharma To FinTechs Is Also Involved.

Retail 219

Retail Innovation Online Seattle 219

PYMNTS

APRIL 11, 2016

Depending on your persuasion, millennials’ generational lack of interest in buying real estate can be chalked up to their inherent indolence, their preference for communal and urban living arrangements or their lagging finances. through residents’ smartphones.

Chicago 100

Chicago Millennials Exercises Management 100

Independent Banker

FEBRUARY 24, 2016

Three ways millennials could accelerate FinTech trends in 2016. When it comes to finance, millennials are a generation known to be conservative in spending and distrustful of financial institutions. Thus, it’s not shocking that millennials are a driving factor in the growing financial technology, or FinTech, movement.

Millennials 70

Millennials San Francisco Bitcoin cryptocurrency 70

PYMNTS

JUNE 8, 2020

For example, Chase announced recently that it’s temporarily tightening credit standards across the board. Of course, refinancing a mortgage requires having a mortgage already — something that only some 37 percent of millennials have managed to achieve. Banks have been open about boosting their credit requirements.

Cards 144

Cards Millennials New York Lending 144

PYMNTS

FEBRUARY 19, 2020

For example, original equipment manufacturers (OEMs) spend an average of 57 days waiting. recently sought a digital commerce solution to help its hundreds of independently managed distribution locations personalize their front-end experiences. Sellers suffer, too, frequently undergoing long waits to receive compensation.

Mobile 197

Mobile Online Payments Tools 197

PYMNTS

JANUARY 13, 2017

Last year, a report by TSYS and the NAPCP found that B2B mobile payments continue to lag in terms of adoption rates, citing supplier resistance and a lack of upper-management support to make the shift. But mobile procurement and eCommerce could be another story, according to eMarketer.

Mobile 100

Mobile Millennials Study Examples 100

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.”. Ultimately, that benefits the market space,” he said, because it might spark a consumer’s impulse to click their way through to purchase.

Millennials 110

Millennials Data social media Analytics 110

PYMNTS

AUGUST 9, 2019

In an interview with PYMNTS, Tim Moran, senior vice president of product and marketing at Worldnet , told PYMNTS that the age of automated retail is dawning — but there is no one-size-fits-all approach. Moran said the overall trend toward automation is being driven by the consumer, and in particular, by millennial consumers.

Retail 181

Retail Analytics Millennials Online 181

Independent Banker

FEBRUARY 24, 2016

How millennials will accelerate innovation and technology change. It’s where older, profitable customers have been slower to adopt new banking technologies that not-yet-profitable millennials pick up quickly and easily. Millennials, who will make up half the U.S. Millennials, who will make up half the U.S. By Paul Schaus.

Mobile 70

Mobile Millennials Community Bank Community 70