PYMNTS

DECEMBER 11, 2020

Report: Millennials, Buy Now Pay Later And The Shifting Dynamics Of Online Credit. Nearly 90 percent of millennials have credit cards, yet still seek new ways to finance their online purchases. Retail Will Play Major Role In Vaccine Distribution. eBay: Offline Payment Preferences Are Changing Online Habits .

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Trends Fraud Millennials Community Bank 175

PYMNTS

JANUARY 22, 2020

For retailers, nothing really ever comes easy — and things aren’t getting any easier, at least when it involves gaining and retaining customers. Indeed, as the recently completed National Retail Federation (NRF) retail show in New York City demonstrated, commerce keeps moving to what Webster called in the webinar a “customer-centric approach.”

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Retail Millennials New York City social media 137

PYMNTS

MARCH 16, 2017

During the childhood of many millennials, the online world was in its infancy stages. As such, TransUnion’s new research shows the millennial generation is much more cautious than other generations when it comes to payments security as a whole.

Millennials 108

Millennials Online Security Payments 108

PYMNTS

JUNE 24, 2019

Retailers are getting smarter about artificial intelligence (AI), and the latest example of that innovative effort comes from Walmart. According to a new report , the retail chain, hoping to reduce checkout theft, is turning to cameras powered by AI, with deployments underway in some 1,000 stores.

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Retail Innovation Examples Online 184

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

FEBRUARY 14, 2020

We have deep dives into unattended retail, rapid settlements and cybersecurity, as well as news on Mastercard receiving the go-ahead from China’s central bank to set up a bank clearing business. What is necessary, Xie said, is a different, more holistic paradigm for combating fraud — with a wide aim of not adding more authentication steps.

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Retail Cards Millennials Fraud 141

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. .

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Fraud Millennials Data Report 101

PYMNTS

JANUARY 2, 2019

But will 2018’s strong seasonal spending portend a happy commerce new year for retailers? 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.

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Millennials Fraud Maine Retail 158

PYMNTS

DECEMBER 6, 2019

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. Millennials Were Black Friday’s Big Spenders in 2019. Millennials were the big Black Friday spenders , shelling out an average of $509.50 Top News . operations.

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Millennials Colorado Google Leadership 101

PYMNTS

JANUARY 18, 2017

While personalization can bring in customers, it turns out many retailers don’t venture into that personalization realm at all. However, 64 percent say they do use marketing technology to support the retailers’ personalization efforts.

Retail 100

Retail Millennials Study Technology 100

PYMNTS

JUNE 16, 2016

It’s no wonder why retailers love gift cards – they are known to drive foot traffic, increase revenue, boost their customer base and complement retention efforts. But as consumers continue to move toward a digital option for their gift card needs, could a retailer’s dream turn into an actual nightmare?

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Retail Cards Fraud Data 100

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. Bank: Machine Learning Is Banks’ Best Bet Against Fraud. Fun, Cool and Otherwise Interesting.

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Fraud Payments Bitcoin Lending 108

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.

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US Millennials cryptocurrency Fraud 109

PYMNTS

DECEMBER 20, 2019

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. How Grocery Retail Will Evolve In 2020 . Priceline Uses AI To Help Fight Fraud. Millennials Make Big Push For B2B Personalization.

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Fraud Trends Payments Retail 100

FICO

JUNE 14, 2021

In this post, I’ll provide a quick overview of how BNPL works, and share my thoughts on how BNPL fraud can occur and where the financial liability lays. . The company says that over half of Afterpay’s customers in the United States are millennials, aged 25 to 40 years old. A BNPL Primer. customers more than double to 6.5 In the U.S.,

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Fraud Cards Millennials Utah 52

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. Marketplaces (as well as financial services firms, grocery retailers and other businesses), therefore, must step up their protections against the wave of online attacks. over the past two years.

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Fraud Millennials Resources Tools 101

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. And in retail, pizza’s popularity constitutes a driving force for ongoing innovation in the sector, while EMV’s delay has been the convenience store’s gain.

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Mobile Millennials Fraud Data 108

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.

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Survey Fraud Digital Banking social media 52

PYMNTS

SEPTEMBER 8, 2020

He said retailers and service providers need to address such anxieties as they sketch out their digital and omnicommerce strategies and think about what new tech to put in place. As long as retailers focus on creating such safe spaces, he said, “the future is bright.”. And that is where a lot of stress is created.”. Gauthier said.

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Innovation Retail Millennials Tools 223

PYMNTS

AUGUST 23, 2019

Amazon continues its commitment to expanding into India with the purchase of a 49 percent stake in Future Coupons, which is owned by India’s second largest retail chain, Future Retail. Trending: Meeting The Millennial Need For AI-Powered Visual Shopping. The company also recently opened its biggest campus ever in Hyderabad.

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Marketing Millennials Payments Compliance 116

PYMNTS

OCTOBER 18, 2018

13 million to 17 million: Number of millennials forecast to purchase a home by 2022. 72 percent: Share of millennial consumers who rank homeownership as their top future priority. percent: Uptick in the cost of fraud for U.S. Data: 240 million: The number of invoices that run through Intuit’s QuickBooks platform annually.

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Data Millennials Taxes Fraud 123

PYMNTS

MAY 27, 2016

Omnicommerce usually refers to where and how retailers sell their products, not necessarily who they choose to sell them with. From office supplies and communal workspaces to new ways to pay for concert tickets, more barriers to siloed retail activity are falling every day to the onslaught of retail partnerships.

Retail 100

Retail Las Vegas Millennials Conference 100

FICO

DECEMBER 19, 2018

There’s hard data that supports America going cashless; in April creditcards.com reported : Three in 10 Americans say they never or rarely carry cash anymore, according to new data from Capital One , with millennial women in the Southeast and Southwest being the least likely to have cash on hand. Best wishes for a cashless 2019!

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Fraud Payments Mobile Cards 80

PYMNTS

DECEMBER 6, 2019

Independent and company-hired truckers haul goods across the nation, keeping retailers supplied and in operation. Deep Dive: Redesigning Corporate Payments For Gen Z And Millennial Consumers. Slice Labs executives recently spoke with PYMNTS about the firm’s approach and its plans to further speed disbursements.

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Tools Payments Millennials Strategy 186

PYMNTS

JANUARY 26, 2021

According to the data, consumers now shop for retail products from home at nearly double the rate they did a year ago, while three times as many have relocated their grocery shopping from the store to their homes. percent said they’d made a voice-assisted purchase in the past day.

Millennials 175

Millennials Data Trends Security 175

PYMNTS

FEBRUARY 17, 2020

The travel industry may have seen exceptional growth in recent years, but the space has also toted the heavy baggage of rising fraud costs. Fraud could cost the market more than $25 billion this year, and approximately 20 percent of attempted travel-related transactions are confirmed to be fraudulent.

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Security Tools Fraud System 141

PYMNTS

NOVEMBER 15, 2017

Fashion retailer Forever 21 revealed that it has suffered a data breach at some of its stores. With the opening of this new store, which already has 13 locations at GGP malls, the retailer will have the opportunity to experiment and focus more on social media-friendly millennials.

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Los Angeles social media Millennials Retail 151

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. Sure enough, wallets among fraud and payments professionals had already dropped some poundage. Retailers that don’t offer modern, secure payment choices will lose sales.

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Fraud Payments Cards social media 55

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. To do so, according to Parsons, businesses must embrace what she terms “an ecosystem of partners.”

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Payments Case Study User Experience Millennials 151

PYMNTS

JUNE 12, 2019

And, in retail, firms from automakers to merchants are tapping into connected commerce technology. 48 percent: Share of millennial parents who would rather not eat at all than wait in long QSR lines. All this, Today In Data. 59 billion: Estimated value of the global biometrics market by 2025.

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Security Millennials Data Retail 148

PYMNTS

OCTOBER 31, 2019

Smartphones and connected technologies are becoming increasingly symbiotic in many consumers’ retail experiences. However, as connected technologies offer new linking opportunities for consumers and retailers, online merchants are facing new adversaries in the fight against fraud.

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Fraud Retail Online Meeting 100

Accenture

OCTOBER 3, 2017

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. Fear of fraud is the primary factor. Data protection risks and increased potential for cyberattacks also feature highly.

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social media Millennials Online Fraud 151

PYMNTS

FEBRUARY 4, 2020

A bit younger than their millennial siblings and cousins, they’ve grown up totally mobile, and have idiosyncrasies that make them unique. Perhaps more than millennial cohorts, Gen Z is having a hot love affair with eCommerce and sharing platforms that specialize in and cater to their digital lifestyles.

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Millennials Fraud Groups Payments 130

PYMNTS

SEPTEMBER 24, 2019

The firm’s digital payments and collection service enables merchants to offer unstructured supplementary service data (USSD) and QR code-based mobile retail payment acceptance and immediately receive the revenue. Millennials no longer rule the mobile services space. Ecobank announced recently that 1 billion NGN ($2.75

Mobile 246

Mobile Payments Apple Millennials 246

PYMNTS

MARCH 30, 2020

Debit networks need to ensure that customers feel safe using the payment method, and that means imposing robust security measures and quickly cracking down on any instances of fraud that do slip through. customers can use to leverage funds stored in their crypto wallets for in-person retail payments. Around The Next-Gen Debit World.

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Cards Security cryptocurrency Payments 165

PYMNTS

OCTOBER 30, 2019

internet retailers with the inclusion of Amazon and Walmart. Walmart’s Daniel Eckert On Why TailFin Is Retail’s Next Big Thing . The next big thing in retail is the integration of FinTech and retail tech,” he said. “In Even tech-savvy millennials fall victim to scams.

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Analytics Study Payments Fintech 101

PYMNTS

DECEMBER 3, 2019

Whether via eCommerce shopping or retail loyalty programs, consumers are getting used to increasingly personalized experiences. “We Consumers today trust their own ability to detect account fraud more than they trust their banks’ ability. Among millennials, for instance, some 80 percent frequently use apps that offer full controls.

Mobile 137

Mobile social media Millennials Exercises 137