PYMNTS

APRIL 2, 2020

Competition for customers — especially millennials — from larger banks and FIs has long required credit unions to keep pace with their more innovative counterparts. This often means providing digital solutions and convenient banking options despite smaller technology and innovation budgets, however.

United States 174

United States Security Innovation Mobile 174

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

DECEMBER 9, 2019

You might be shocked to discover that fully 42 percent of businesses still used paper checks as their main payment method in 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.

Millennials 130

Millennials New York City National New York 130

PYMNTS

SEPTEMBER 16, 2019

And so a sheepherding innovation – and new vocabulary word – was born. In the payments ecosystem, we need look no further than the bridge millennial for how the connected purchasing experience will evolve over the next decade. Analysts pinpoint certain companies as bellwethers for the performance of a sector.

Millennials 222

Millennials Study Course Trends 222

Abrigo

MAY 5, 2022

Main Street Banking: A Podcast for Community Bankers 8. Using Data to Acquire, Engage, and Retain Banking Customers,” and “Customer Identity: Balancing Security and Seamless Banking Experiences.” Weekly episodes highlight innovators and industry players driving innovation in the financial services industry. BankTalk 3.

Community 195

Community Lending Maine Resources 195

PYMNTS

DECEMBER 11, 2019

Some marketplaces are finding innovation in this space easier than others. That means taking a closer look at buyer and seller payments, as well as security measures, on the platforms, said Colin Gardiner, chief revenue officer of shared RV marketplace Outdoorsy. Why Travel Firms Need To Cater To Millennial Payment Preferences.

Marketing 132

Marketing Millennials social media Case Study 132

PYMNTS

JANUARY 24, 2020

However, government bodies are unable to innovate at the same breakneck pace as retailers or other consumer service industries, as they must adhere to complex regulations, and ensure that their software is not leaving partners behind. Payment Challenges Stall Government Innovations . Check fraud affected 70 percent of U.S.

Payments 130

Payments US Fraud Innovation 130

PYMNTS

SEPTEMBER 26, 2019

Sezzle’s main targeted demographic is younger consumers, and it wants to increase their purchasing power. Visa is committed to enabling new forms of payment innovation across the e-commerce ecosystem. Sezzle’s partnership with Visa follows its first earnings report as a publicly traded company on the Australian Securities Exchange.

Payments 133

Payments Millennials Maine Online 133

PYMNTS

MAY 23, 2019

Digital banking is not the main element that drives consumers toward using a credit union. According to the Credit Union Innovation Playbook , a PYMNTS and PSCU collaboration, trust is the driving factor in that choice. Millennials and Gen Z consumers are focused on the level of service they receive, and the value at which they get it.

Online 123

Online Millennials Digital Banking Maine 123

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

APRIL 29, 2019

Dozens of sites and services enable customers to book stays online in their local currencies, making them particularly appealing for millennials seeking cheap accommodations. Homesharing platforms are also competing for young consumers’ attentions – millennials make up approximately 60 percent of Airbnb’s guests, for instance.

Payments 100

Payments Millennials Maine Industry 100

PYMNTS

OCTOBER 1, 2019

A report by Lloyds Bank noted that the share of millennial consumers who fall victim to scams increased by 400 percent in the past year, even though overall fraud incidents declined. The report did have some good news for millennials, however: this demographic loses an average of $3,280 per scam, much less than any other age group.

Fraud 156

Fraud Millennials Regulation Trends 156

PYMNTS

FEBRUARY 19, 2020

The B2B eCommerce Report , a PYMNTS and American Express collaboration, digs into the advantages of online business purchasing, as well as efforts to overcome the difficulties involved in designing and securing these shopping experiences. This month’s Deep Dive examines what it takes to ensure convenient, secure online shopping experiences.

Mobile 197

Mobile Online Payments Tools 197

PYMNTS

NOVEMBER 2, 2020

consumer seems happy to test the waters — and none more so than the coveted bridge millennials. According to PYMNTS survey data, nearly three times as many bridge millennials are Amazon Prime members as Walmart+ members. But three in 10 bridge millennials already report having both, just a month in. Those are the 47 million U.S.

Millennials 246

Millennials Retail Online Report 246

PYMNTS

APRIL 24, 2019

As data security and transparency become greater concerns across a number of markets, some services are already working to confront the challenges. To learn more about how Spotahome is approaching data security and customer trust, read the Playbook’s feature story. Around the Payments and the Platform Economy.

Marketing 179

Marketing Regulation Case Study Security 179

PYMNTS

DECEMBER 21, 2020

You can see it in how investors are putting money to work in both consumer-facing and B2B startups, and how startups and incumbents are forging new partnerships to move innovation faster to market. And since iPhone users skew more to the affluent, it also denied those innovators the opportunity to monetize their spend.

Apple 227

Apple Study Innovation Survey 227

PYMNTS

SEPTEMBER 30, 2019

Not only are millennials turning to self-storage at a higher rate than their parents, he told PYMNTS, but the excess demand means many self-storage operators feel free to skimp on customer service, security and anything resembling even basic insurance. Get ready for more movement, innovation and disruption in this space.

Policies 117

Policies Millennials Industry Operations 117

PYMNTS

AUGUST 9, 2019

The regulation is aimed at protecting consumers and merchants from fraudsters and other online criminals aiming to access their financial information, which means increased security at online checkout. Weddings, the Millennial Way? Fun, Cool and Otherwise Interesting. KYB, Shell Companies and Pot Payments Gone Rogue.

Apple 115

Apple Virginia Regulation Millennials 115

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.

Marketing 115

Marketing Payments Community Millennials 115

PYMNTS

OCTOBER 9, 2019

Payments and other forms of innovation and disruption are taking place as the gig lifestyle spreads across the world and seeps ever further into the daily lives of consumers while becoming more critical to business. Among the main challenges? The reliance on cash in many of the markets served by UReed, Alhassan said.

Regional 122

Regional Trends Cards Millennials 122

PYMNTS

FEBRUARY 20, 2019

Chime plans to use Pinch’s background in credit building and management to offer its largely millennial user base the tools to help improve their credit scores and plan for major purchases. An Australian challenger bank recently secured a significant achievement that could help it to compete more aggressively with banks.

Digital Banking 155

Digital Banking Millennials America Lending 155

PYMNTS

DECEMBER 20, 2019

Combating fraud, however, comes at a cost, as burdensome security procedures may scare away legitimate customers. In a feature story , PYMNTS spoke with Eric Lorenz, vice president of finance operations for Priceline, about how the company leverages artificial intelligence (AI) to promote seamlessness as well as security.

Fraud 100

Fraud Trends Payments Retail 100

PYMNTS

MARCH 10, 2017

That’s bad news for commercial mortgage-backed securities tied to real estate, where loan viability and payments visibility remains in doubt if rent is not there to cover interest payments or if no tenants are left to pay said rent. Machine Learning Gets a Thumbs Up : Who likes machine learning? Fizzle of the Week: Bitcoin.

Bitcoin 122

Bitcoin Retail Security Maine 122

PYMNTS

JULY 31, 2017

. -48% of SMEs considering switching banks cite a lack of products and services as their main reason — a key statistic, analysts said, because it suggests small businesses are concerned about more than rejected loan applications and high fees.

Survey 112

Survey Community Bank Community Regional 112

PYMNTS

JANUARY 14, 2019

In addition, various technologies will be utilized for safe and secure commerce, including the Visa Token Service. It’s not just Google and Apple that are active in this space — or trying to secure bigger roles for their voice-activated digital assistant in the connected vehicle ecosystem.

Las Vegas 128

Las Vegas Samsung Technology Tools 128

NCR

AUGUST 1, 2017

The rise of the Millennials is creating a revolution in the economy. Security is one of the main concerns of online banking, and automated systems are prone to hacking unless properly secured. Although there is a lot of exciting innovation underway , banks have a long way to go in adopting state of the art technology.

Big Data 111

Big Data Data Fraud System 111

PYMNTS

JULY 15, 2016

These products are, in fact, the underpinning for pure play digital banking services offered by innovators like Chime or Green Dot. And for some consumers, especially millennials, that’s just not their choice.” Who Uses Prepaid Anyway? “The lines become very blurry,” Fauss told Webster.

Cards 100

Cards Millennials Regulation Cyber Security 100

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

Celent Banking

OCTOBER 10, 2016

The day focused mostly on mobile wallets, with a few main points shared below: Mobile wallets have been challenged by industry barriers : The old rule of thumb with a payments scheme is that it needs to please three parties: the merchant, the bank, and the consumer. I was only able to attend the final day, but it didn’t disappoint.

Mobile 100

Mobile Payments Apple Samsung 100

PYMNTS

MAY 3, 2016

In a Fireside chat with MPD CEO Karen Webster at this year’s PYMNTS Innovation Project , Paul Galant, Verifone CEO , said it’s really about the day-to-day efforts of delivering efficiency, security and ubiquity. PRIORITIZING INNOVATION.

Payments 100

Payments Innovation Mobile Millennials 100

PYMNTS

DECEMBER 31, 2016

The startup drew jealous ire from competitor Facebook/Instagram , success from millennials and confused befuddlement from baby boomers this year, along with a $1.81 Resolution: Security, security, security. But it’s not just user data and security questions. billion funding round back in May. We’ll say it again.

Apple 109

Apple Security social media Study 109

PYMNTS

JUNE 1, 2020

Many Main Street SMBs, local restaurants and designer boutiques are doing it for the first time. PYMNTS just completed the 10 th in our series of studies of consumers and Main Street SMBs on the impact of the pandemic on consumer and business behavior. Although that remains one of their main fears, they are more concerned (31.9

Cards 147

Cards Study Maine Payments 147

PYMNTS

AUGUST 24, 2018

But playing and delivery methods keep changing, with Ohio of all places — no offense to the Buckeye State, home to multiple presidents and the Wright Brothers’ aerodynamic innovations — accounting for some of the latest developments. Any money placed on the Lottery terminal using the card reader must be played,” state lottery officials said.

Ohio 103

Ohio Mobile Cards South Carolina 103

PYMNTS

JUNE 8, 2016

“Alexa, show me some cool FI, payments and commerce innovations.”. And they all had their own unique take on how the power of Alexa’s voice-activated services could innovate financial services, payments and commerce. Best Innovation Group (BIG). Twelve teams and 14 companies are ready to do just that. Enter Alexa.

Innovation 100

Innovation System Payments Groups 100

Independent Banker

OCTOBER 29, 2014

A consensus says that the future banking customer relationships—particularly for millennial consumers—will orbit to one degree or another around mobile technology. Moreover, lingering doubts over the security of mobile channels also surfaced in the Fed’s research. s entry into the payments business with Apple Pay.

Mobile 105

Mobile Community Bank Community Technology 105

PYMNTS

MAY 30, 2016

Store Front Business Index: Main Street USA, A-OK? One of the most significant: the health and importance of small businesses and, in particular, the “mom-and-pop” shops that line the Main Streets and side streets of our local communities. Secure Convenience: The New Password Death March? Digital Identity. Financial Inclusion.

Trends 100

Trends Retail Fraud Mobile 100

PYMNTS

AUGUST 17, 2017

While Engagement Labs’ research showed the two groups most influenced by social media include millennials (57 percent) and Generation Z (80 percent), the lack of engagement for teens online may be raising some red flags for the retail industry. The main reason for this significant jump in July comes from non-merchant stores, which saw an 11.5

Retail 127

Retail social media Online Mobile 127