PYMNTS

NOVEMBER 6, 2020

Membership has its privileges ” was the nine-year marketing campaign rolled out by American Express in 1987 to convince consumers that it was worth paying a yearly fee for one of its charge card offerings. Millennials Drive More to Faster Payments . Weak iPhone Sales Cost Apple Nearly Half a Trillion Dollars in Market Cap .

Online 148

Online Payments Millennials Apple 148

PYMNTS

JULY 31, 2017

Is the credit union market ready for its close-up? It’s a market that is showing clear signs of growth. In fact, the federally backed National Credit Union Administration (NCUA) reported credit union membership grew by 4.3 The Shifting Credit Union Market.

Report 114

Report Innovation Regulation National 114

PYMNTS

MARCH 6, 2019

By today’s standards, it looks anything like an innovative brand. But then, looks can be deceiving — 100 years ago, Corning Glass Works had just introduced a massive innovation into the lives of home cooks everywhere. Yes, Instant Pot-side chats are the fireside chats of the millennial generation. Mostly recently, New York U.S.

Branding 108

Branding Millennials Innovation Marketing 108

PYMNTS

JUNE 9, 2020

In the battle against digital challenger banks, credit unions (CUs) may be facing a bit of a perception/reality gap — and losing market share as a result. Right now, at least as found recently in the PYMNTS/PSCU collaboration , “Credit Union Innovation Playbook: Challenger Banks Edition,” CUs face some competitive pressures. .

Digital Banking 133

Digital Banking Millennials Lending Marketing 133

Abrigo

MAY 5, 2022

or largely focused on the domestic banking market. If you have an interesting podcast to share, please send it to marketing@abrigo.com. Weekly episodes highlight innovators and industry players driving innovation in the financial services industry. Check them all out in our Knowledge Center. keep me informed.

Community 195

Community Lending Maine Resources 195

PYMNTS

JUNE 7, 2019

Forget millennials, that consumer segment that is blamed for the downfall of most everything while also being the target of many innovative efforts. So much retail and payments innovation takes place in China, and, in a sense, that holds true when it comes to single consumers. Shifting Tide. Singles’ Day. It takes place on Nov.

Retail 133

Retail Millennials Online Innovation 133

PYMNTS

MARCH 8, 2017

based VocaLink , the 2016 recipient of NACHA’s Payments Award for innovation, expansion and development of products supporting faster payments to increase payments access, efficiency and security across the globe. Testing Faster Payments in Foreign Markets. Beyond the U.K., When the U.K.

Meeting 109

Meeting Payments Millennials Innovation 109

PYMNTS

FEBRUARY 20, 2020

For the Building A Better App: Banks And The Innovation Imperative Report , a collaboration with Ondot , PYMNTS surveyed more than 3,000 U.S. The market potential is even greater when considering the attitudes of younger generations toward new banking services, whether offered by the tech giants or FIs with superior card apps.

Cards 146

Cards Data Management Mobile 146

PYMNTS

DECEMBER 18, 2019

percent it fell in 2017 according to IWSR, an industry tracker for the drinks market. . It is not quite fair to say that America has become a nation of teetotalers or is even well on their way to becoming one. Folks in the Millennial generation have maybe a better sense of balance. In 2019 alcohol consumption in the U.S.

North Carolina 131

North Carolina Millennials America Boston 131

PYMNTS

NOVEMBER 21, 2017

They’re a result of the Competition and Markets Authority (CMA) inquiry, which found a serious lack of innovation in the nation’s banking sector — especially when it comes to small- and medium-sized business (SMB) services. has its own Open Banking initiatives coming into force in 2018, too. As the U.K.

Fintech 115

Fintech Millennials Meeting Innovation 115

PYMNTS

APRIL 13, 2017

According to the companies, the new GSTV will provide marketers with reach to a mass audience of 75 million unique viewers every month, including one in three adults 18 years and older and nearly 31 million millennials in the United States.

Detroit 100

Detroit Video United States Millennials 100

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

JANUARY 15, 2019

30 kickoff in Atlanta will include access to experts from Visa and entrepreneurs operating both nationally and globally. 30 Atlanta event will focus on digital marketing, which was identified as being among the top choices for an initial topic. An inaugural Jan. For example, Simon said, the Jan.

Atlanta 189

Atlanta New York social media Community 189

PYMNTS

DECEMBER 27, 2019

Early innovators managed cooperatives using the same founding principle that CUs use today: members-first finance in place of indifferent, legacy-style banking. The National Credit Union Administration (NCUA) trade group reported that net income for credit unions fell by 1.1 The Shore Porters Society. Fenwick Weavers’ Society.

Digital Banking 130

Digital Banking Millennials Banking Trends Mobile 130

NCR

MAY 9, 2017

But technology innovators and financial institutions have worked together for generations. Hawaii National Bank’s Hawaii Score enables existing bank customers and non-customers the capability to access a TransUnion credit report and score without the need for a credit card or an existing account with Hawaii National Bank.

Fintech 75

Fintech Hawaii Community Bank San Francisco 75

PYMNTS

OCTOBER 18, 2019

While self-driving vehicles might be synonymous with tech early adopters, much of the innovation could potentially target a very different user than the Silicon Valley stereotype. Similar sentiments were expressed in a study from the NAMIC (National Association of Mutual Insurance Companies).

Study 101

Study Phoenix Millennials Austin 101

PYMNTS

APRIL 23, 2019

One might argue that the shifts have been better or for worse (when was the last time one could separate a millennial from their iPhone for a decent conversation?), Apple gets its shine from the fact that, per BV, it “makes innovation accessible, and uses its brand to viscerally connect with its consumers and establish a new normal.

Apple 200

Apple Cards Payments Course 200

PYMNTS

FEBRUARY 28, 2019

Overall, Griffith said the company is constantly innovating around payment types and checkout speed. Shoppers can also reportedly purchase tickets in less than 10 seconds, which Griffith claims is about twice as fast as other options in the market.). They pay using Apple Pay, Google Pay , Venmo, a credit card or a debit card.

Trends 109

Trends Millennials Apple Google 109

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. No doubt — that’s why other young companies are striving for a piece of this market.

Policies 117

Policies Millennials Industry Operations 117

PYMNTS

MARCH 28, 2017

The current incarnation is the overly fussy millennial mom who has custom-color-change bath beads to test the baby’s water — or the urban lumberjack dad with smart-fabric kids’ clothes that allow him to monitor his toddler’s core temperature while they take their daily walk in the park together.

Innovation 100

Innovation Millennials Technology US 100

PYMNTS

JULY 30, 2018

Blue Apron has long enjoyed the distinction of being among the early innovators in the meal kit category. With millennials working multiple gigs, very few have enough time left to make a proper meal — if they aren’t eating out at a local restaurant. Truly Innovating. Hello I Must be Growing. million customers and 39.5

Industry 100

Industry Los Angeles Atlanta New York City 100

Banking 2020

OCTOBER 2, 2015

Luvleen Sidhu, Chief Strategy and Marketing Officer at BankMobile , spoke with us recently to discuss how BankMobile is connecting with a younger audience, specifically college students, to educate and empower millennials. Millennials unfortunately have a -2% savings rate, meaning they spend more than they save.

Millennials 40

Millennials social media Mobile US 40

PYMNTS

NOVEMBER 16, 2020

9, 2020, the stock market hit a high not seen since February, shortly before the world would feel the brunt of the global pandemic. PYMNTS fielded a national consumer study of 2,806 U.S. For payments and tech innovators, the opportunity may never be greater. On that day, Nov. and global economy for most of 2020.

Study 270

Study Retail Millennials Conference 270

PYMNTS

JULY 15, 2016

Brad Fauss, CEO of the National Branded Pre-Paid Card Association and MPD CEO Karen Webster dug into the potential for these rules to create the kind of inconsistencies that could very well disadvantage the very consumers that the CFPB intended to protect. And for some consumers, especially millennials, that’s just not their choice.”

Cards 100

Cards Millennials Regulation Cyber Security 100

PYMNTS

JANUARY 25, 2018

In the financial services world, most buzzworthy payment innovations are frequently aimed at rendering older, physical financial concepts moot. But not all financial innovations are focused on making such concepts obsolete. trillion in cash in 2015, a higher rate than that of Western European nations. Postal Service (USPS).

ATM 100

ATM Millennials FDIC New Jersey 100

PYMNTS

OCTOBER 31, 2018

This year, Ken Dolls, Easy-Bake Ovens, Hot Wheels toy cars and Barbie DreamHouses will all find real estate underneath the nation’s Christmas trees. A market in which they now realize, or are about to realize, they are running quite behind. But this is 2018, the year of the reboot and the relaunch.

Google 116

Google Millennials Examples Marketing 116

PYMNTS

MARCH 5, 2017

market, they are still far from replacing cash. So that equates to roughly 45 percent of households who are using cash for at least a third of their transactions, and that’s a huge market, and the lack of services to pay bills with cash is a relatively big problem.”. percent and 15.5 percent of the gross domestic product.

Technology 100

Technology San Francisco Analysis United States 100

PYMNTS

SEPTEMBER 15, 2017

I love good banks, and I love good bankers, but we are not the likely source of innovation in financial services,” Taylor noted. “It It is very hard to innovate when you have that many responsibilities and warranties to uphold. Millennials , she noted, tend to enter the credit system with a bang once they start having families.

Fintech 198

Fintech System Lending Cards 198

PYMNTS

APRIL 10, 2018

And that mindset — according to what Michelle Spellerberg, Alliant Vice President of Marketing & Digital Channels, told PYMNTS — is the mindset mistake that is keeping consumers bound to the brand, despite the fact that the concept is, in Alliant’s opinion, “on its way out.”.

Mobile 101

Mobile Digital Banking Millennials Online 101

CB Insights

MARCH 26, 2019

Every few weeks, another story about the dreaded generation surfaces: millennials are killing casual dining; millennials are killing breakfast cereal; millennials are killing home ownership. Millennials aren’t shunning luxury goods; they’re just renting them instead of buying. Millennials are in debt.

Millennials 78

Millennials Industry Trends Branding 78

PYMNTS

AUGUST 21, 2017

In San Fransisco, the figures are similar — and in most of the nation’s top cities, 750-850 are considered about the norm. Somewhat less expensive markets have somewhat larger apartment homes on offer — 1,000 or so square feet tends to run at more the norm. Some people have great taste and make tiny chic work.

New York City 105

New York City New York Millennials Miami 105

PYMNTS

OCTOBER 25, 2017

In addition to explaining how adding a social layer to money transfer platforms can enable consumers to have fun with their funds, he also stressed that there are billion-dollar markets open to firms that are willing and able to master the new tools available to spur user engagement with money transfer. We help our partners ‘win.’

Mobile 100

Mobile User Experience Examples Millennials 100

PYMNTS

NOVEMBER 3, 2016

Will alternative lending platforms eat away at traditional banks’ market share? Small Business Banking Satisfaction Study found that, as small businesses in the nation continue to grow, they’re more likely to seek out working capital financing. Released last week, J.D. Power’s 2016 U.S. Second, J.D.

Survey 100

Survey Lending Millennials Analysis 100

PYMNTS

FEBRUARY 23, 2018

percent in 2017, Taco Bell has been drawing in customers with new food items, a Live Más marketing campaign and new nacho fries for $1. billion in domestic sales — More and more McDonald’s markets are lovin’ it as the iconic American burger chains continues to expand its delivery efforts. Market Differentiation. McDonald’s $37.5

Online 101

Online US Payments Mobile 101

PYMNTS

DECEMBER 27, 2019

Among the common themes to emerge: Change will come to the point of sale (POS), moved by the continued pivot to contactless ways to pay — and the demographic change that will bring the mighty millennial more buying power. The country’s Superintendency of Industry and Commerce (SIC) reportedly said Uber went against market rules.

Taxes 101

Taxes Mobile Management blockchain 101

PYMNTS

DECEMBER 27, 2017

A new study from the Center for Talent Innovation (CTI) found that, according to the 2015 US government’s definition of disability , a significant portion of the white-collar workforce has a physical or mental impairment that substantially limits a major life activity: 30% of a nationally representative survey of 3,570 white-collar employees.

Compliance 100

Compliance Leadership Training Innovation 100

PYMNTS

MARCH 2, 2020

The United States’ tight labor market exacerbates competitive tensions for such agencies, though. The national unemployment rate fell to its lowest level since 1969 in April 2019 — 3.6 Employers disburse all or some of employees’ wages onto the cards, and the funds can immediately be withdrawn at ATMs or used to make payments.

Cards 130

Cards ATM United States Payments 130