PYMNTS

OCTOBER 20, 2016

19) released a report, dubbed “Millennial Study: Privacy vs. Customer Experience,” which charts the digital consumer preferences and behaviors of millennials in seven global markets — the U.S., Germany, Hong Kong, Malaysia, Mexico and Brazil — and found millennials are guarded about sharing their personal data.

Millennials 100

Millennials Study Data Customer Experience 100

PYMNTS

NOVEMBER 8, 2019

It’s no easy task, as the recent Fraud Decisioning Playbook shows. Data: 1.4M: Number of fraud reports the FTC received in 2018. 400: Average amount lost by millennial consumers per fraud incident. 81%: Share of fraud victims who said they interacted with a “false ad” last year. .

Fraud 101

Fraud Millennials Data Report 101

PYMNTS

SEPTEMBER 20, 2019

Plot Thickens as FBI Probes Alleged MyPayrollHR Fraud. In the payments ecosystem, we need look no further than the bridge millennial to see how the connected purchasing experience will evolve over the next decade. Startups, Instant Payments Could Put $280B in Global Payments Revenue at Risk for Banks.

Fraud 108

Fraud Payments Bitcoin Lending 108

PYMNTS

NOVEMBER 4, 2019

In the company’s ongoing efforts to prevent fraud on its site, Amazon announced a new program, Intellectual Property Accelerator, last month to help sellers make sure their products won’t be copied or counterfeited. According to a new LexisNexis study , overall retail fraud attempts doubled year-over-year and tripled since 2017.

Fraud 124

Fraud Retail Online Study 124

PYMNTS

DECEMBER 6, 2019

It’s the end of the workweek, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and commerce news. We have a deep dive into Colorado’s digital driver’s license effort and news on Alphabet’s new CEO, as well as data on millennial Black Friday spending. Top News . operations.

Millennials 101

Millennials Colorado Google Leadership 101

PYMNTS

DECEMBER 6, 2019

The growing significance of the gig economy is changing how businesses handle their payments. The Next-Gen Payments Report, a PYMNTS and American Express collaboration, examines how businesses are redesigning their AP and payroll to serve gig workers’ needs and stay current with a changing economy.

Tools 186

Tools Payments Millennials Strategy 186

Payments Source

SEPTEMBER 20, 2018

For businesses that serve a predominantly millennial audience, knowing the age group’s tolerance toward online security measures is an important lesson that coincides with customer retention, according to David Britton, vice president of industry solutions of global fraud and identity at Experian.

Fraud 104

Fraud Millennials Retail Security 104

PYMNTS

OCTOBER 15, 2018

Both solutions provide increased fraud protection to online transactions made via debit or credit cards. The evolution of payment protection. offers a seamless and convenient payment experience to customers. Instead, these processes have been integrated into the site’s existing shopping and payment experiences.

Fraud 165

Fraud Security Mobile User Experience 165

PYMNTS

JANUARY 2, 2019

The vast majority of consumers are still feeling confident about their financial situation, and younger consumers in the bridge millennial demographic are aging into their prime spending years. 2,225: The amount bridge millennials spend on average each year on retail purchases.

Millennials 158

Millennials Fraud Maine Retail 158

PYMNTS

AUGUST 26, 2019

From a ride-hailing company expanding into Vietnam to Visa implementing new tools to fight fraud, today’s payments news runs the gamut. Kohl’s to Tap Into Facebook Data to Create Millennial Clothing Line. Kohl’s has teamed up with Facebook to create a curated clothing line aimed at capturing millennial dollars.

US 109

US Millennials cryptocurrency Fraud 109

PYMNTS

SEPTEMBER 24, 2019

Digital banks , for one, are teaming up with technology providers to accelerate settlement times for payments collected at the point-of-sale (POS). The Septem ber Faster Payments Tracker explores new initiatives aimed at better serving SMBs’ payment needs as well as other key developments in the space.

Mobile 246

Mobile Payments Apple Millennials 246

PYMNTS

JANUARY 9, 2020

Consumers have always influenced how payment methods evolve – stretching back centuries to the barter system, and extending, now, into the digital age. And as payments are done in bits and bytes, across all manner of use cases, consumers prize convenience and personalization. In the webinar scheduled for Jan.

Payments 151

Payments Case Study User Experience Millennials 151

PYMNTS

JANUARY 3, 2020

Grade schools and colleges could use a massive textbook dedicated to payments – their own. Many schools get an F when it comes to payments, but the culprit might actually be the infernal “paper jam.” The writing is on the whiteboard: School’s out for paper payments. Tuition Goes to Grad School.

Payments 130

Payments Millennials Cards Study 130

PYMNTS

AUGUST 3, 2017

The faster payments get, the less tolerable waiting becomes for customers, businesses and other financial players. But in late July, one of the biggest waits in the payments industry came to an end. faster payments system, efforts by NACHA to standardize APIs across the industry and recent investments in blockchain solutions.

Community Bank 117

Community Bank Community Report Millennials 117

FICO

MAY 1, 2020

I’m not big on reading tabloid confessions at the grocery checkout, but as a payments professional, I have a shocking admission to share: I am a late bloomer in adopting mainstream person-to-person (P2P) payment apps like Venmo, Cash App (owned by Square), Snapcash and a slew of others. Why P2P Payments Need Fraud Protection.

Fraud 69

Fraud How To Payments ATM 69

PYMNTS

DECEMBER 20, 2019

It’s the end of the workweek, and the PYMNTS Weekender is here to make sure you didn’t miss anything — with the latest in payments and commerce news. We have a deep, data-supported dive on fighting fraud with artificial intelligence (AI), an outlook on seven 2020 trendlines and news on gas station cyberattacks.

Fraud 100

Fraud Trends Payments Retail 100

FICO

DECEMBER 19, 2018

It’s true that more and more Americans are adopting mobile payments. smartphone users — 55 million people — over the age of 14 will make an in-store mobile payment. More than 40 percent of those people will have done so through Starbucks’s mobile payments app…” (That’s a lot of lattes.) The Next-Level “Wallet Diet”.

Fraud 80

Fraud Payments Mobile Cards 80

PYMNTS

MARCH 2, 2018

Millennials are apparently reporting losing money to fraud more often than seniors. But when seniors do become financial victims, they typically take a bigger hit than millennials do, the Federal Trade Commission (FTC) said in a press release. And tax fraud was the second most common type of identity theft reported by consumers.

Millennials 138

Millennials Fraud Taxes Report 138

PYMNTS

OCTOBER 1, 2019

The global threat of fraud shows no signs of slowing down. Losses related to fraud are valued at $14.7 billion, according to the most recent DataVisor Fraud Index Report. Developments Around The Digital Fraud World. 14 under the EU-wide revised Payment Services Directive (PSD2). Federal regulators in the U.S.,

Fraud 156

Fraud Millennials Regulation Trends 156

PYMNTS

AUGUST 23, 2019

Dutch payments processor Adyen showed significant double digit, first half gains, driven by online commerce and global business from mid market firms. Brex’s open credit line, three-month payment terms and interest-free financing are now available to all BigCommerce merchants through the BigCommerce App Store.

Marketing 116

Marketing Millennials Payments Compliance 116

CB Insights

SEPTEMBER 10, 2019

While the media often portrays millennials as preoccupied with the rising prices of festival tickets and avocado toast, their real financial concerns are a bit more practical. But millennials face significant headwinds in making those financial dreams a reality. get the REPORT on next generation investors. From big banks to big tech.

Millennials 77

Millennials Mobile Lending Cards 77

FICO

JUNE 14, 2021

Invitations to buy even the smallest items on an installment plan seem to be everywhere online, and in-store, too: called “buy now, pay later” or BNPL loans, these offers let consumers buy what they want, now, and pay for it over time in four equal payments. of North American e-commerce payments by 2024, up from 1.6% A BNPL Primer.

Fraud 52

Fraud Cards Millennials Utah 52

PYMNTS

JANUARY 24, 2020

Government disbursements can range from child support payments and annual tax returns to pension and retirement fund payouts. Some reports put the cost of cutting, mailing and processing checks at nearly $8 per instance — a hefty price for those required to send out thousands, if not millions, of these payments each year.

Payments 130

Payments US Fraud Innovation 130

PYMNTS

SEPTEMBER 19, 2016

But for those with a taste for answers, as opposed to open-ended speculation, payments and commerce probably would have been a better bet for news reading, as we learned all kinds of new and exciting things about the ecosystem. For example, what happens to the CEO of a big bank that gets caught red-handed engaging in consumer fraud?

Millennials 100

Millennials Cards Fraud Online 100

PYMNTS

NOVEMBER 27, 2019

Consumer payments have increasingly shifted toward digital methods, but accounts payable (AP) departments and B2B payment processes have remained dependent on cumbersome, paper-based practices. percent of firms still make payments using paper checks. . PYMNTS research found 72.4 percent receive them via fax. A notable 80.8

Millennials 161

Millennials Payments Capital Technology 161

Payments Source

AUGUST 29, 2019

Yet despite these limitations debit cards are beloved by millennials and anyone else who wants to avoid credit card debit. Debit cards often lack the rewards and spending power of credit cards, and thus do not figure prominently in TV ads or direct mail flyers.

Cards 136

Cards Millennials Fraud Mobile 136

PYMNTS

OCTOBER 30, 2019

Shoppers can quickly fall victim to eCommerce marketplace fraud, which led to bad actors to making off with a full $450 million in the U.S. This month’s Digital Fraud Tracker™ explores how technologies like artificial intelligence (AI) and machine learning are helping companies better defend their customers.

Fraud 101

Fraud Millennials Resources Tools 101

PYMNTS

OCTOBER 18, 2018

The world is full of inefficiencies, some more grating than others – such as B2B transactions’ ongoing reliance on paper for payments to the ongoing “tax” fraudsters and cybercriminals are exacting from businesses and financial institutions. 13 million to 17 million: Number of millennials forecast to purchase a home by 2022.

Data 123

Data Millennials Taxes Fraud 123

FICO

DECEMBER 5, 2022

Top 5 Surprises from FICO’s Fraud and Digital Banking Survey. Our survey found that good fraud protection is paramount for customers - even though they themselves may exaggerate income or claims. A report released by the FTC in February 2022 indicates a 71% increase in fraud in 2021, which cost consumers roughly $5.8 FICO Admin.

Survey 52

Survey Fraud Digital Banking social media 52

PYMNTS

MAY 22, 2020

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

Cards 216

Cards Data Millennials Report 216

PYMNTS

FEBRUARY 21, 2020

Forty-four percent of 200 millennials surveyed last year stated they were wholly responsible for making purchasing decisions at the B2B companies at which they worked, and an additional 33 percent played some role in this process. trillion by 2020, but new sales channels also invite emerging fraud forms. Detecting Fraudsters.

Customer Experience 152

Customer Experience Fraud Millennials Online 152

PYMNTS

JUNE 25, 2019

Peer-to-peer (P2P) payments continue to gain popularity among consumers, with two of the biggest providers, Zelle and Venmo, reporting ongoing and significant gains. But amid that growth is a fresh trend that could present challenges for law enforcement — the use of such payment methods for illicit transactions, including drug deals.

Payments 115

Payments Marketing Millennials Trends 115

FICO

DECEMBER 19, 2017

Just as the Wild Card Round is followed by the Divisional Round in the NFL playoffs , fraud and payments predictions are always followed by New Year’s resolutions. However, I (and most of my friends) have not yet jumped wholeheartedly onto the mobile payments bandwagon. Payment Apps Proliferate. Will we do so this year?

Fraud 55

Fraud Payments Cards social media 55

PYMNTS

FEBRUARY 14, 2020

It’s the end of the workweek, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and commerce news. Mastercard Gets Nod To Join China’s $27T Payments Market. 11 to set up a bank card clearing business, providing it with access to a $27 trillion payments market.

Retail 141

Retail Cards Millennials Fraud 141

PYMNTS

OCTOBER 2, 2019

In digital fraud news, new global regulations and solutions are being deployed to keep consumers, merchants and banks safe as fraudsters become more aggressive. 3,248: Average amount millennial consumers lost per bank scam this past year. 31.3B: Estimated value of global card losses due to fraud in 2018. who use self-storage.

Mobile 108

Mobile Millennials Fraud Data 108

PYMNTS

JANUARY 1, 2019

The need is widespread, Ingo Money CEO Drew Edwards told Karen Webster in a recent conversation , and the call for faster and instant disbursements has come in loudly from enough corners to dub 2018 as the “Great Awakening” of push payments. However, instant payments progress in the world of work wasn’t limited to the gig economy.

Payments 198

Payments Industry Millennials Groups 198

PYMNTS

JANUARY 23, 2020

Today’s consumers place greater value on personalized experiences than on physical retail goods — especially millennials, 86 percent of whom would rather spend their funds exploring new cultures than shopping. Providing freelancers speedy, seamless payments is crucial to enabling these cultural encounters.

Payments 130

Payments Millennials Security Fraud 130