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. The Flaw In Demonizing Big Tech.

Maine 130

Maine ATM Innovation Millennials 130

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

JULY 1, 2020

Despite the surge in mobile payments and online banking , no one is predicting the disappearance of traditional banks and their brick-and-mortar branches. . The details are offered in Building a Better App: Banks and the Innovation Imperative Report , a collaboration between PYMNTS and Ondot Systems, the Silicon Valley-based FinTech.

Survey 183

Survey Cards Millennials ATM 183

PYMNTS

AUGUST 22, 2018

The online marketplace has disrupted any number of verticals, changing the way we shop and spend, and where we grab must-have items — from books to rugs to lamps, and sometimes from across international borders. We are redefining how fashion is bought and sold through technology, data and innovation.”. Within that, how much is online?

Online 101

Online Retail Branding Data 101

PYMNTS

FEBRUARY 28, 2020

It’s hard to imagine that there’s so much technology and innovation happening up and down the mobility spectrum except for in this market — and it’s a $1.4 Via online and mobile it has introduced artificial intelligence (AI)-based technology in pricing cars as well as qualifying for financing. trillion market in the U.S. How It Works.

Marketing 242

Marketing Los Angeles San Francisco San Diego 242

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

Abrigo

OCTOBER 21, 2019

Does your financial institution support a culture of innovation and an environment that welcomes new technology? To further cultivate an innovative mindset at your institution, your bank or credit union may look to add new talent – younger talent, in particular.

Oklahoma 218

Oklahoma Millennials Innovation Technology 218

PYMNTS

DECEMBER 12, 2019

About 20 percent of those surveyed said they would probably return upwards of 50 percent of their presents. The youngest generation, Gen Z , will return the most presents. The survey showed that Generation X encompassed the most prominent online shoppers, with 57 percent of them having goods shipped to their homes.

Retail 131

Retail Milwaukee New York City New York 131

PYMNTS

JUNE 7, 2018

First, the good news: Spending on credit cards will continue to outpace spending on debit cards for the foreseeable future, even as data and other signs point to millennials having an enduring loyalty to cash over credit. That includes making credit cards more attractive to millennials as they get older and seek to gain more economic power.

Cards 134

Cards Millennials Maine Data 134

PYMNTS

DECEMBER 11, 2018

Give a deep and welcoming hello to the newest form of window shopping — a consumer behavior that will help to shape retail in 2019 and beyond, and a trend that stands as an increasing part of shopping, one that promises to impact brick-and-mortar merchants as they decide how to innovate. percent innovating to improve business analytics.

blockchain 170

blockchain Retail Trends Mobile 170

PYMNTS

JANUARY 31, 2020

Travel industry services are catering to the thousands of millennial and Gen Z travelers who are booking big trips by augmenting their platforms with online and mobile support. Travel platforms are enabling more online bookings than ever, and 83 percent of U.S. Merchants Need To Rethink Booking.

Industry 168

Industry New York City Online Security 168

PYMNTS

OCTOBER 20, 2020

PYMNTS researchers found that what we call “social shifters” moved online fast but are most likely to rush back to physical stores and outside activities. We learn that the creative innovation that’s capturing people’s imaginations more than anything now is the mighty spoken word. At least in 2020, we know where people are shopping.

Maine 221

Maine Retail Branding Study 221

Gonzobanker

OCTOBER 6, 2015

While bankers may be a bit fatigued this year by articles about payments, the more enlightened Gonzo bankers are paying close strategic attention to the single most impactful payments trend in our industry: the shift from a plastic card to a “card-not-present” world. times faster than card-based transactions.

Cards 60

Cards Fraud Apple Google 60

PYMNTS

MARCH 30, 2020

But, as the just-released PYMNTS “ Commerce Connected Playbook: Retail Innovation Edition ” indicates, the interesting thing to watch is not that digitization is happening, but how it is happening. But, Nicola noted, beyond offering the choice, it’s also incumbent on merchants to deliver on that choice to meet consumer expectations.

Retail 177

Retail social media Millennials Branding 177

PYMNTS

OCTOBER 22, 2020

And with a nod toward capital market innovation, Bergeron predicted “a lot of money will run to them until there’s too much money in them.”. Loans get people started on online stock trading platforms. Any drive toward innovation, towards leveraging data, must balance the use of that data with data privacy. Data Privacy .

Fintech 169

Fintech Capital Innovation Data 169

PYMNTS

JANUARY 9, 2020

But the lines of commerce have blurred, presenting both challenges and opportunities for merchants to engage with their targeted shoppers. Bringing consumers and merchants together used to be a fairly straightforward process. Issuers sent cards to consumers and providers sent point-of-sale (POS) devices and terminals to merchants.

Payments 151

Payments Case Study User Experience Millennials 151

PYMNTS

MAY 31, 2018

With the lockers, customers can place an order online and pick it up in a store within an hour without having to work with a staff member. With the lockers, customers can place an order online and pick it up in a store within an hour without having to work with a staff member. Even so, Nike launched a pilot with Amazon last June.

Retail 101

Retail Policies Online Millennials 101

PYMNTS

JUNE 5, 2018

When most people consider a “buy online, pick up in store” arrangement, they’ve already made the purchase when they arrive to collect their item. Millennials don’t see distinctions between fashion, music, content and commerce,” said Krishna Nikhil, SSENSE’s chief merchandising officer told The Wall Street Journal ( WSJ ).

Branding 116

Branding Millennials Retail Online 116

PYMNTS

JUNE 26, 2020

What we are seeing [is] continual innovation in terms of services and offerings for corporates and for individuals that are being built utilizing open banking rails.”. Some of these innovations include improved data gathering capabilities and heightened protection against financial crime. In the U.K.,

System 198

System Data Security Examples 198

PYMNTS

MAY 29, 2018

If one were trying to come up with the most millennial-sounding product imaginable, it would be hard to do much better than an artisanal marshmallow. And, for the brand’s increasingly avid fans attest, the artisanal marshmallow is not a joke: It is an innovation the world was waiting for but did expect. A New Innovative Dream.

Millennials 101

Millennials Chicago Branding Study 101

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. As the U.K.

Fintech 115

Fintech Millennials Meeting Innovation 115

PYMNTS

APRIL 30, 2018

QVC President and CEO Mike George said when the deal was announced,“By creating the leader in discovery-based shopping, we will enhance the customer experience, accelerate innovation, leverage our resources and talents to further strengthen our brands, and redeploy savings for innovation and growth.

Branding 129

Branding Millennials Retail social media 129

PYMNTS

DECEMBER 28, 2018

These secretly vulnerable consumers, Webster noted, often use debt to make ends meet, either on credit cards or through alternative vehicles like online lenders. High interest-rate arresting activity, as it turned out, was a theme throughout the year’s stories as well — e ven in segments where activity was, overall, quite innovative.

Millennials 145

Millennials Lending System Data 145

PYMNTS

JUNE 5, 2018

But in recent years, with more emphasis on selling extras on top of bookings, simply presenting fares and flight times in text wasn’t enough,” the report said. MMGY , a travel marketing firm, has found that 33 percent of millennials are willing to use travel agencies. That’s where the visuals come in.

Millennials 100

Millennials System Trends Marketing 100

PYMNTS

AUGUST 17, 2017

While one day a teen may be into shopping strictly online, another day may see an offline preferred experience or a mixture of both, and retailers must be at the ready to transform engagement efforts at any given time. It turns out that retailers geared toward this younger demographic are having a tough time engaging them online.

Retail 127

Retail social media Online Mobile 127

PYMNTS

AUGUST 17, 2017

While one day a teen may be into shopping strictly online, another day may see an offline preferred experience or a mixture of both, and retailers must be at the ready to transform engagement efforts at any given time. It turns out that retailers geared toward this younger demographic are having a tough time engaging them online.

Retail 114

Retail social media Online Mobile 114

PYMNTS

JULY 29, 2016

Online retail has taught merchant and consumer alike a pertinent lesson for the age of digital retail: Everything might have a price, but the quest for the ultimate bargain means it can always be lower. The effects of this new shopper ethos are widespread, and while more and more retailers try to give consumers what they think they want (i.e.

Millennials 100

Millennials Retail Conference Community 100

Celent Banking

MARCH 16, 2015

Many presenters discussed developing non-traditional revenue streams. Presentations focused on targeted marketing for “moneyhawks” , new P2P models (e.g. One of the presentations used non-FI examples to look at how banks can approach integrating omnichannel into customer interactions. Presenters proposed some solutions.

Conference 100

Conference Retail Community Community Bank 100

PYMNTS

SEPTEMBER 3, 2018

It’s not driven by the trend setting millennials and Generation Z shoppers or by the affluent — it seems to be age, generation and income-independent and geography-independent. That makes product discovery coupled with product innovation retail’s new playbook. Retailers are where these consumers go to find these new products.

Innovation 100

Innovation Branding Retail Regulation 100

NCR

AUGUST 1, 2017

The rise of the Millennials is creating a revolution in the economy. Already present in retail , HR , and marketing , AI is finding its way in the world of banking. Security is one of the main concerns of online banking, and automated systems are prone to hacking unless properly secured. Defining AI for banking. Fraud detection.

Big Data 111

Big Data Data Fraud System 111

PYMNTS

JANUARY 31, 2018

With varying shades of marijuana legality online in nearly 50 percent of all states and 61 percent of polled voters expressing support for full legalization, Americans have, by and large, turned a corner when it comes to their feelings on cannabis. Detractors can slow progress, of course, but stopping or reversing the trend seems unlikely.

Marketing 110

Marketing California Millennials Branding 110

PYMNTS

JUNE 16, 2016

It’s no surprise that among millennials the digital variety of gift cards is even more popular – approximately 90 percent said they were more interested in purchasing digital gift cards now than they were a couple years ago, especially when it comes to storing and using the gift cards on their mobile devices.

Retail 100

Retail Cards Fraud Data 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

PYMNTS

OCTOBER 29, 2018

The day after Halloween marks the 60-day sprint to the end of the year – a year in which the pace of innovation has accelerated materially. The shifts associated with that innovation are beginning to take root, and those impacts are beginning to be felt. In fact, according to our recent study, they come in dead last.

Payments 196

Payments Google Apple Innovation 196

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. Millennials, whom the company says do not provide a lot of foot traffic to retailers that sell lotto tickets.

Ohio 103

Ohio Mobile Cards South Carolina 103

PYMNTS

JUNE 25, 2018

Another had an offer with a promo code to get $10 off my first online order, which would be delivered free to my front door in two hours or less once I linked my Prime account to Whole Foods. The Amazon Prime program at Whole Foods also works by linking a mobile number presented at checkout. As one of the 90 million U.S.

Retail 156

Retail Branding Millennials Online 156

NCR

SEPTEMBER 9, 2016

Millennials and Mobile Wallets: What banks can learn from the digitally engaged generation about mobile wallets,” out this summer from the Catalyst Consulting Group, offers a clear view into this seeming disconnect—the wide availability yet lack of adoption of a tech-driven finance capability that is ideally suited for the modern consumer.

Mobile 40

Mobile Millennials social media Branding 40