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Millennials Spend Less While On Business Trips

PYMNTS

Millennials get a bad rap for everything from being unable to commit to a job to jeopardizing the cereal market. But, here’s a bit of good news coming out of travel and expense management company Concur: Businesses that have millennials in their workforces may actually save money — at least when it comes to business travel.

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Banks should know these 5 Traits of Millennial business owners

Abrigo

Everywhere you look, it seems, there are articles about Millennials: Millennial workers, Millennial customers, Millennial homeowners, Millennial voters. No doubt the group, which this year surpassed baby boomers as the largest segment of the U.S. population, will be important for bankers to understand.

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12 Industries That Will Thrive Thanks To Millennials

CB Insights

Popular media coverage of millennials often fixates on the industries the generation is allegedly killing and their supposed fiscal irresponsibility. Some industries benefiting from millennials’ increased spending power, such as travel, reflect well-worn Gen Y tropes like the general preference for “experiences” over things.

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How Brick-and-Mortar Banks Can Seize The Digital Moment

PYMNTS

Consumers are paying with credit and debit cards more than ever before, and they are increasingly looking to their smartphones to gain greater control over how they spend and manage their money. Among this group, 31.4 percent of local and regional FI cardholders that report the availability of this feature. For example, 90.3

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Interesting Answers Edition: Wells Fargo, EMV And Millennial Card Usage

PYMNTS

Will anything ever excite millennials about credit cards? Elizabeth Warren (D-MA), a group of Democratic senators has asked Wells’ chairman and CEO whether or not the bank intends to take some of that compensation back from executives and managers who allegedly supported the opening of those 2 million fraudulent accounts.

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How You Handle Fraud Will Make Millennials Drop or Love You

FICO

Millennials, now the largest demographic group in America, are possibly the most misunderstood, elusive market ever, a notion underscored by The Wall Street Journal ’s article about the existence of $20,000-per-hour “Millennial consultants.” Millennials reward positive fraud outcomes. At least not yet.

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Entrepreneurs Start Solo, But Value Networks, HSBC Finds

PYMNTS

This desire to have a positive impact on their surroundings is also the biggest motivation for younger entrepreneurs to achieve influence, the report found, with millennial entrepreneurs saying influence is more important than wealth. Older entrepreneurs, however, said wealth is more important. Fifty-eight percent of U.K. entrepreneurs.