PYMNTS

MAY 26, 2020

The data on millennials’ lifetime earnings potential were already fairly grim long before the word “coronavirus” became part of everyone’s daily conversations – and before the U.S. A 2016 paper led by Stanford University Economist Raj Chetty found that millennials were in deeper economic trouble than a quick look at the U.S.

Millennials 153

Millennials Study Groups Survey 153

PYMNTS

AUGUST 23, 2017

Having a malleable thought process when it comes to transforming an industry is something that banks will probably need in order to capture one of the arguably most influential up-and-coming group of consumers in the United States. Census, shared that the number of millennials (75.4 million) had surpassed that of baby boomers (74.9

Millennials 196

Millennials Industry Groups Study 196

Bank Innovation

JULY 11, 2018

Citizens Financial Group joins the latest band of established FIs in launching its version of a digital-first bank called Citizens Access.

Groups 225

Groups Millennials Digital Banking Operations 225

PYMNTS

APRIL 24, 2019

Though not the top priority for onboarding members, these features play an essential role in convincing Gen Z, millennials and Bridge Millennials to sign up with their current CUs. These groups are also more likely to choose their current CUs based on their mobile apps. About the Credit Union Innovation Playbook.

Innovation 134

Innovation Millennials Digital Banking Mobile 134

PYMNTS

DECEMBER 4, 2018

The millennial path of destruction allegedly continues, with those young consumers now taking blame for the decline in the popularity of canned tuna — a product that joins a casualty list that already includes diamonds and restaurants such as Applebee’s. Before we get to that, let’s review the newest charges leveled against millennials.

Millennials 136

Millennials Branding Industry Trends 136

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. CUs value innovation that benefits members. percent and 39.4

Innovation 152

Innovation Payments Millennials Survey 152

PYMNTS

MAY 10, 2017

One of the biggest hurdles to starting a new business, in addition to developing an innovative out-of-the-box idea, can be where and how to obtain funding. All of this could likely be contributing to today’s lack of entrepreneurs in the millennial age group. percent of Generation X and 8.3 percent for Baby Boomers.

Millennials 135

Millennials Maine Groups Retail 135

PYMNTS

AUGUST 14, 2019

Youngsters tend to get all the credit when it comes to being a force that drives retail innovation, and that’s fair enough. Sure, millennials and bridge millennials use apps the most for planning in-store purchases — 47.9 PYMNTS defines bridge millennials as consumers between 30 and 40 years old. percent and 42.8

Innovation 123

Innovation Retail Millennials Mobile 123

PYMNTS

MAY 2, 2019

We’re adding the ability for cardmembers to earn rewards in even more innovative ways, from streaming their favorite shows at home to commuting to their office the next morning.”. The payment company said research shows millennials are spending the most on groceries, streaming and commuting. department stores. department stores.

Millennials 111

Millennials Cards Lending Industry 111

Bank Innovation

SEPTEMBER 26, 2018

The second day of Finovate Fall in NY kicked off with a socially oriented demo from Russian digital-only bank Tinkoff, which debuted a “stories” feature within its mobile app.

Millennials 186

Millennials Groups Tools Mobile 186

PYMNTS

DECEMBER 1, 2016

More than one out of four millennials carry less than $5 cash with them. And according to another study, nearly 20 percent of millennials have not used cash in two months. With a fifth of millennials already rarely using cash, it is clear that this is happening relatively rapidly,” said Kalle Marsal, CMO of Mitek.

Millennials 100

Millennials Trends Study Groups 100

PYMNTS

DECEMBER 11, 2019

The nearly universal need for medication and other remedies is driving retail innovation via the pharmacy sector — and that includes the area of customer experience. Among millennials, 45 percent report having no primary care doctor. That’s not the only area of pharmacy retail innovation. Delivery Programs.

Retail 132

Retail Innovation Houston Customer Experience 132

PYMNTS

DECEMBER 15, 2020

Debatably the most impactful payments innovation of recent years — and that’s saying something — BNPL is having a massive impact on retail, as evidenced by the proliferation of brands and the steady flow of venture capital to players that are defining the space. Bridge Millennials Crossing Over To BNPL. percent of bridge millennials.”

Millennials 256

Millennials Report United States Study 256

PYMNTS

JULY 13, 2018

It has made the millennial generation of women — either entering or settling into their prime spending years — something of a unique class of citizens when it comes to financial services. Millennial women are evolving into very [a] different relationship with money,” said Reilly. I think we are at a tipping point.

Millennials 111

Millennials Tools Connecticut Study 111

PYMNTS

NOVEMBER 6, 2019

bank account have access to Zelle in their mobile banking app,” Lou Anne Alexander, group president, payments solutions at Zelle operator Early Warning, said in a press release. Instant Payment Innovations. During the quarter, $49 billion was sent through the Zelle Network in 196 million transactions.

Millennials 107

Millennials Payments Cards Survey 107

PYMNTS

JANUARY 14, 2020

A fresh sign of that is how much focus is turning toward the emerging consumer group known as Generation Z. 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. Gen Z is growing up. million and 38.27

Innovation 160

Innovation Payments Millennials Cards 160

PYMNTS

JULY 18, 2019

Depending on where you look, the chasm yawns wide when it comes to innovating with new technologies or features. In a PYMNTS interview with Karen Webster, Joe DeRosa, EVP of Global Sales at i2c , discussed the findings of the July 2019 Innovation Readiness Playbook , subtitled “Leveling the Playing Field for Different-Sized FIs.”

Innovation 155

Innovation Study Technology Millennials 155

PYMNTS

JULY 10, 2019

Product and eCommerce Innovation. Kohn said that he felt like Asian flavors were on trend after research, especially with millennial crowds and those in the demographic looking for out-of-the-box flavor profiles. Overall, jerky is growing in popularity as a go-to snack among many consumer groups. The Meat Snack Market.

Innovation 140

Innovation Payments Millennials Retail 140

PYMNTS

DECEMBER 13, 2019

What this demographic wants out of peer-to-peer (P2P) marketplaces is changing, however, as more millennials become fully active members of the working world. Millennials are still spending money on trips and vacations, but how and where they do so is shifting. Millennials And Their Changing Travel And Payment Opinions.

Millennials 141

Millennials Payments Groups Mobile 141

PYMNTS

AUGUST 4, 2017

However, if recent developments in the financial services industry are any indication, innovation waits for no institution, company, agency or, for that matter, Fed report. Many players in the financial services market were already launching innovative solutions without knowing which guidelines the Fed would recommend for the U.S.

Community Bank 116

Community Bank Community Innovation Millennials 116

PYMNTS

MAY 29, 2020

We have deep dives on Main Street’s digital shift, ATM innovation and PPP loans. Civilization has progressed enough that many of us know it’s wrong to demonize a group of people due to a personal characteristic, as it isn’t based on evidence or reason, and it simply shows base prejudice. Innovating The ATM Beyond Cash.

Maine 130

Maine ATM Innovation Millennials 130

Bank Innovation

APRIL 25, 2018

EXCLUSIVE— Millennial and Gen Z-focused credit card provider Deserve has raised $50 million from the Keystone National Group, funding earmarked for the startup’s expansion of account receivables, the company announced today.

Millennials 199

Millennials National Groups Cards 199

PYMNTS

MAY 15, 2018

Millennial is now a generational definition that encompasses both those just leaving their parents’ home and entering college, and those paying a mortgage on their house and worrying about paying for their kids’ college. 30-40 : The age range of the bridge millennial consumer group. They are the present. They are the present.

Millennials 119

Millennials Online Groups Innovation 119

PYMNTS

APRIL 24, 2017

This week we saw scientists march, the French go to the polls and a $400 high-tech juicer turned out to be an innovation on par with something that everyone already has: their hands. The long-suffering team at American Express has a new headache to handle — losing the love of those millennial customers. Ready to jump in?

Millennials 109

Millennials Cards New York Branding 109

PYMNTS

JUNE 8, 2016

In a payments landscape that is ever-changing and rapidly growing, having a focus on innovation that takes that same approach is significant. As Peter Read , President of Peoples Card Services , recently pointed out to PYMNTS, needs are never static, and neither should the payments innovation aimed at addressing them.

Innovation 100

Innovation Millennials Cards Fintech 100

PYMNTS

JANUARY 16, 2020

Millennials have matured financially, but many remain wary of using traditional credit to buy even routine or small-ticket items. How Millennials Are Driving BNPL Growth. Verishop targets consumers aged 25 to 45, a demographic that encompasses older millennials with more disposable income and the youngest of Generation X.

Millennials 130

Millennials Mobile Retail Branding 130

Perficient

DECEMBER 1, 2020

Millennials are now the largest adult generation in the U.S., Even in areas that are less ethnically and racially diverse, the growth of both millennial and aging populations is proving to be both a clinical and marketing challenge. Millennials. No matter where you are in the United States, America’s citizenry is changing.

Trends 309

Trends Millennials Community Marketing 309

PYMNTS

OCTOBER 2, 2019

Travel companies are also placing more emphasis on experiences and adventure, which is intended to appeal to millennials who prefer experiences over things. percent) of bridge millennials and conventional millennials (54.2 percent) say multiple people paid for their vacations, followed by millennials at 40.3 Innovations.

Millennials 126

Millennials Study Innovation United States 126

PYMNTS

AUGUST 28, 2019

Forget millennials – well, at least for a moment. So-called Generation Z is also driving much of the innovation when it comes to retail. 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. Take Target, for instance. Gen Z Trends.

Retail 148

Retail Trends Millennials Survey 148

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

PYMNTS

OCTOBER 1, 2019

Beyond the super-connected users, bridge millennials , at an average of 36 years of age and armed with six connected devices, also have relatively high spending power. Both groups show a similar interest in contactless payments – 43.4 percent of the bridge millennials and 42.2 percent of bridge millennials.

Millennials 140

Millennials Payments Study Groups 140

PYMNTS

JUNE 15, 2016

When you talk to the co-founder and CEO of a mobile-first digital bank account offering, you are likely to hear that millennials, to put it lightly, are not fond of big banks. Whether it’s Chime or other apps, millennials are increasingly turning to their mobile devices to keep track of their financial health.

Millennials 100

Millennials Mobile Digital Banking Fintech 100

PYMNTS

OCTOBER 3, 2019

percent of the former falling into the millennial age group and 35.5 percent being bridge millennials. Millennials are also most likely to fit into the infrequent traveler profile, though to a lesser extent. This group makes up 36.2 percent), followed by millennials (30.8 percent) and baby boomers (27.2

Millennials 109

Millennials Innovation Groups Payments 109

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. cardholders across a range of age and income groups. percent of respondents overall.

Cards 216

Cards Data Millennials Report 216

PYMNTS

DECEMBER 9, 2019

Statistical swarms of millennials and Gen Zers report never having used a paper check. This group championed P2P a few years ago when it felt too risky and un-bank-like for a paper-centric world. As younger millennials and Gen Zers quickly become dominant in the workforce, ideas around banking and payments will change more rapidly.

Millennials 130

Millennials New York City National New York 130

PYMNTS

DECEMBER 11, 2019

Some marketplaces are finding innovation in this space easier than others. Why Travel Firms Need To Cater To Millennial Payment Preferences. Millennials have a different take on travel than previous generations. This consumer group takes more trips than other generations, but takes longer to plan those trips as well.

Marketing 132

Marketing Millennials social media Case Study 132

PYMNTS

JUNE 8, 2018

Driven by younger customers, such as millennials and teens, casual luxury is bolstering sales of luxury apparel, handbags and footwear. Millennials and Generation Z were expected to make up 45 percent of the high-end purchasing group within a seven-and-a-half-year timeframe, as reported in 2017.

Millennials 100

Millennials social media Branding Groups 100