PYMNTS

MARCH 2, 2020

It’s really difficult, the banking ecosystem is not fast and that’s just reality,” Jim McCarthy, industry expert and former innovation head for Visa, told Karen Webster in a recent conversation. The Headwinds Creating The Innovations Gap . But they all tend to have three things in common.

Innovation 222

Innovation Data System Mobile 222

PYMNTS

DECEMBER 6, 2018

Given the “Amazon effect” that has blown through retail like a cold wind over the last decade or so, many speculated that the Kohl’s attempt to boost foot traffic was about to go down in history as inviting the fox to guard the henhouse. “This is the quintessential Kohl’s shopper we want to see in the future,” she said. .

Millennials 109

Millennials Branding Retail Milwaukee 109

PYMNTS

DECEMBER 31, 2020

When you look at the spending graphs for millennials at that time, debit was growing at twice the speed of credit, but the average order value was much lower, which correlates with the lower disposable income in the demographic at the time,” Molnar noted. The other is technological innovation. managing director at Melissa, told PYMNTS.

Innovation 289

Innovation Payments Trends Regulation 289

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

MAY 26, 2017

Millennials are never, ever going to buy homes. Why millennials are never going to buy homes is more of a jump ball. According to the National Federation of Retailers, 81 percent of millennials report at least aspiring to homeowners as hip, even if they aren’t there yet.

Millennials 109

Millennials Marketing Data Taxes 109

PYMNTS

DECEMBER 12, 2019

The obituary for brick-and-mortar retail has been written many times. Retailers need to seize the moment when shoppers return gifts. Preparing for returns is a best practice; leveraging returns intelligence to inform product development and new customer acquisition strategies is next-practice retail.”. Consumer Trends.

Retail 131

Retail Milwaukee New York City New York 131

PYMNTS

MAY 29, 2020

We have deep dives on Main Street’s digital shift, ATM innovation and PPP loans. The pandemic has sped up the digital roadmap for everyone in financial services, providing for more innovation in the last few months than had been seen during several years. Innovating The ATM Beyond Cash. Retailing 2020: Five Things To Watch.

Maine 130

Maine ATM Innovation Millennials 130

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. He will be the executive responsible and accountable for leading Google, and managing Alphabet’s investment in our portfolio of Other Bets.” . Top News . operations.

Millennials 101

Millennials Colorado Google Leadership 101

Bank Innovation

MAY 16, 2019

KOHO, with its millennial friendly aesthetic and messaging, currently offers its users debit cards, personal finance management tools and cashback features. CEO and co-founder Daniel Eberhard told Bank Innovation the new funding […].

Millennials 186

Millennials Digital Banking Tools Innovation 186

PYMNTS

MAY 2, 2016

Mothers have always been a desirable retail demographic. In the days when mom (and only mom) balanced the checkbook, retailers that could influence her purchasing decisions often had an entire family’s disposable income at their, well, disposal. As it is in nearly every other generational subsection, millennial moms love mobile.

Millennials 100

Millennials US Online Retail 100

PYMNTS

JULY 5, 2019

Retailers are bolstering their supply chains in China as they seek to enhance their service and offer customers fresh products. The post also pointed out that the retailer invested over RMB 700 million – which is approximately $100 million – to create the South China Fresh Food Distribution Center. Other Brick-and-Mortar News.

Retail 101

Retail San Diego blockchain Phoenix 101

PYMNTS

JULY 13, 2020

The greatest health crisis in a generation is poised to accelerate innovation at the intersection of healthcare , technology and payments as never before. We’re not in retail healthcare,” Walmart senior director of strategy and customer experience for health and wellness Matt Parry told MedCityNews. We’re in healthcare.

Retail 219

Retail Innovation Online Seattle 219

PYMNTS

JULY 8, 2019

But that’s not stopping efforts at innovation and disruption in this space. Aspiration Bank is one of those innovators hoping to gain socially-conscious consumers via a pay-what-you-like fee structure — while also managing to please investors at the same time. We set out to build a financial firm around a sense of purpose.”.

Retail 116

Retail New York City Millennials Boston 116

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? these days.

Millennials 109

Millennials Cards New York Branding 109

PYMNTS

APRIL 16, 2019

Among the main consumer segments targeted by POS financing providers are millennials , in part because they are being left out when it comes to tapping into home equity. As well, Bankrate has estimated that roughly 33 percent of millennials have cards. Vyze already works with several U.S. Terms of the deal were not disclosed.

Millennials 188

Millennials Cards Maine Retail 188

PYMNTS

MAY 19, 2020

That trend was particularly pronounced among older “bridge millennials,” who on average owned six separate connected devices, not counting their phones. According to PYMNTS’ latest consumer data on the subject, 47 percent of millennials have shifted their routines online, while 45.1 percent of bridge millennials have done so.

Technology 205

Technology Millennials Retail Report 205

PYMNTS

JUNE 16, 2016

A lot of fuss is made over millennials and their proclivities toward things being easy. So, when it comes to something like digital banking , it’s not so much about finding what’s easy as it is about finding what service best meets millennials’ needs. Millennials to big banks: No thanks ….

Millennials 100

Millennials Mobile Digital Banking US 100

PYMNTS

MARCH 1, 2019

Brick-and-mortar fashion retailers are developing in-store experiences to encourage customer loyalty. markets, aiming to generate repeat visits as part of its experiential retail efforts. The retailer, which has 1,143 stores globally, closes an average of around 15 stores annually. Orders must be a minimum of $10.

Branding 129

Branding Retail Columbus Las Vegas 129

PYMNTS

AUGUST 14, 2017

You will observe grocery, as a retail category, is very fragmented. Its “Whole Paycheck” image combined with the rise in availability of organic foods in more traditional grocery stores put pressure on its stock, which was in the dumper, and the management team to do something to turn things around. This one is particularly amusing.

Innovation 109

Innovation Online Google Millennials 109

PYMNTS

OCTOBER 21, 2020

The company’s content management system (CMS) is a top mobile commerce platform that doesn’t require coding. It gives retailers the ability to create “fully on-brand customized experiences.”. Digital natives — millennials and Gen Z — are actually more into physical stores that Gen X and baby boomers.

Customer Experience 190

Customer Experience Branding Millennials Mobile 190

PYMNTS

NOVEMBER 2, 2020

Today, the “membership has its privileges” mantra is at the core of the latest face-off between the two retail behemoths vying for an increasing portion of consumer spend: Walmart and Amazon. consumer seems happy to test the waters — and none more so than the coveted bridge millennials. But these results also suggest that the U.S.

Millennials 246

Millennials Retail Online Report 246

PYMNTS

DECEMBER 27, 2019

We have a deep dive into spend management in addition to news involving the Sprint and T-Mobile merger, as well as data on state tax laws. . Behind Sysco’s Spend Management Switch To Cards. Retailers aiming to sell throughout the nation have to pay attention to how their goods are treated by each state’s tax code.

Taxes 101

Taxes Mobile Management blockchain 101

PYMNTS

JANUARY 14, 2021

Delivery done right meets a consumer’s needs including around delivery time — with Walmart’s partnership with HomeValet described by Ward as “one of many solutions we’re testing” to make people’s lives “more manageable.”. Tesco, the biggest grocery retailer in the U.K., Read More On Retail: Today In Retail: Ethan Allen Projects 44.9

Meeting 165

Meeting Arkansas Retail Millennials 165

PYMNTS

NOVEMBER 6, 2020

Millennials Drive More to Faster Payments . Millennials and Gen Z are among the groups that are most likely to have received instant payments. NEW DATA: Five Payments Innovations for Winning the Digital-First Shopper. Data Analytics Changes the Working Capital Management Paradigm. Trackers and Reports.

Online 148

Online Payments Millennials Apple 148

PYMNTS

DECEMBER 7, 2018

Big retailers are opening smaller-format stores in major U.S. Already, the retailer has opened a Planning Studio across the pond in London in October. In the announcement, IKEA Retail U.S. cities, and IKEA is no exception: It is intending to bring a “Planning Studio” to Manhattan this coming spring. restaurants.

Retail 122

Retail San Francisco Arizona Los Angeles 122

NCR

FEBRUARY 16, 2016

And there’s no better way to target Millennial entrepreneurs than with the technology they crave to help them in their business pursuits. More than any other generation, Millennials experience life, work and business through technology and they expect seamless interactions regardless of location.

Millennials 40

Millennials Study Retail Community Bank 40

PYMNTS

DECEMBER 20, 2019

In the 1930s, in the era of the Great Depression, when consumers had little extra cash, retailers nationwide came up with an innovation to make it easier for people to shop without having to pony up cash right away. Wanting to be able to go and buy what you want, when you want or need it, isn’t just a millennial trait,” he pointed out.

Millennials 137

Millennials Retail Tools Branding 137

PYMNTS

JULY 23, 2019

million) in the latest round of funding from the Board of Banking Competition Remedies (BCR) Capability and Innovation Fund. Over the past few years we’ve become the payment partner of choice for challenger banks and FinTechs looking to offer new retail or commercial banking solutions.” . Ireland, Nordic and Baltics.

Millennials 144

Millennials Innovation Fintech Lending 144

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?

Retail 100

Retail Cards Fraud Data 100

PYMNTS

SEPTEMBER 16, 2019

And so a sheepherding innovation – and new vocabulary word – was born. Retailers scour social media to find influencers and designer bellwethers to turn trends into sales. 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.

Millennials 222

Millennials Study Course Trends 222

PYMNTS

JANUARY 22, 2018

More important, perhaps, than the innovations they made on behalf of their more famous lead players, was how their contributions accelerated those innovations’ time to market. Innovation in payments and commerce has an unsung hero, too. And who will influence how innovation happens.

Innovation 135

Innovation Online Branding El Paso 135

PYMNTS

JUNE 21, 2019

With the bank branch of the future, large institutions such as Capital One and Fifth Third are aiming to create spaces that appeal to millennials around Chicago that provide technical support, financial advice and — in some instances — cappuccino. Pablo Sanchez, who is the head of retail banking and wealth management for HSBC in the U.S.

Chicago 120

Chicago New York City Florida Miami 120

PYMNTS

JUNE 25, 2018

Of the 41 percent of consumers who we reported still concentrate their grocery spend predominantly online, more than a third of those physical shoppers (37 percent of the 41 percent) visit multiple stores in search of “deals” and products not found at their main “go-to” store — and two-thirds of millennials do. Prime for a Payments Switch.

Retail 156

Retail Branding Millennials Online 156

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

PYMNTS

OCTOBER 20, 2020

A recent PYMNTS study found that more than two-thirds of consumers see rescuing Main Street physical retail linked to the economic vitality of their local communities. We learn that the creative innovation that’s capturing people’s imaginations more than anything now is the mighty spoken word.

Maine 221

Maine Retail Branding Study 221

Bank Innovation

APRIL 6, 2016

The branchless financial institution Ally Bank is expanding its offerings with the upcoming acquisition of TradeKing, a wealth management platform, announced yesterday. Ally had floated this ambition back in February. Ally has been adding to the functionality of its mobile app at a fast clip recently.

Management 150

Management Mobile Millennials Operations 150

PYMNTS

DECEMBER 4, 2018

As depicted over the summer in our Innovation Readiness Playbook , FIs are focusing efforts across digital wallets, P2P payments and, of course, loyalty programs. The Millennials Cometh. We are talking here, of course, about millennials. There’s recognition among the marquee names in payments that the landscape is shifting.

Payments 191

Payments Millennials Cards Course 191