PYMNTS

FEBRUARY 14, 2020

We have deep dives into unattended retail, rapid settlements and cybersecurity, as well as news on Mastercard receiving the go-ahead from China’s central bank to set up a bank clearing business. The consumer bank will be divided into one section focused on consumer lending, and the other on branches and small businesses.

Retail 141

Retail Cards Millennials Fraud 141

Bank Innovation

AUGUST 15, 2017

This has been a good year for Affirm, the lending startup established by PayPal co-founder Max Levchin. The San Francisco-based company, has made numerous strides, from issuing its millionth loan to expanding its retail partnerships; from preparing to launch new products in the fall to moving into a permanent office space.

San Francisco 170

San Francisco Retail Lending Company 170

PYMNTS

MAY 2, 2019

consumer lending and acquisition at American Express. The payment company said research shows millennials are spending the most on groceries, streaming and commuting. “If I had to pick, I’d argue that the best potential fits are older millennials and Gen Xers. department stores.

Millennials 111

Millennials Cards Lending Industry 111

PYMNTS

APRIL 5, 2019

Against this backdrop, we find, then, that millennials do not embrace credit cards as readily as other groups of users. Bankrate has estimated that roughly 33 percent of millennials have cards. FinTechs have been stepping in to feed demand for installment loans. Square late last year introduced an installment plan offering.

Millennials 115

Millennials New York Fintech Cards 115

PYMNTS

NOVEMBER 17, 2017

Among millennials, that number drops below 30 percent. Millennials don’t have credit cards because they don’t have FICO scores, or at least not the kind of FICO scores that inspire issuers. “If Paradis thinks that’s bad for millennials — many don’t agree — and the merchants who want their business. The Sezzle Experience.

Millennials 104

Millennials Cards Lending Payments 104

PYMNTS

SEPTEMBER 11, 2019

As many as 72 percent of bridge millennials say mobile apps are important for accessing bank accounts. In a bit of granular detail, the authority will offer up two “full bank” licenses, which will allow non-banking companies to offer a gamut of services, including taking on deposits from retail customers.

Digital Banking 160

Digital Banking Millennials Mobile Regulation 160

PYMNTS

FEBRUARY 12, 2019

For the connected consumer , connected commerce will be 100 percent digital , especially as the bridge millennials wield spending power across the next several decades. 2,225: The amount bridge millennials spend, on average, on annual retail purchases. trillion: The value of the leveraged loan market, as estimated by the FSB.

Millennials 154

Millennials Payments Retail Lending 154

CB Insights

MARCH 27, 2019

Over the next few decades, baby boomers and Gen X will pass on $30T in wealth to the millennial generation. More than any other generation, millennials are interested in the idea that their investments will have a positive global impact when it comes to issues like sustainability and climate change. PREPARE FOR THE FINTECH FUTURE.

Millennials 77

Millennials Fintech Trends Report 77

PYMNTS

SEPTEMBER 17, 2018

Amid China’s efforts in recent months to boost small business activities – notably through initiatives that focused on small business lending in that country – Alibaba Group’s Taobao expanded its Maker Festival to be global in scope, with a spotlight on the youngest of entrepreneurs. The September event, which spanned Sept.

Millennials 134

Millennials Lending Retail Trends 134

PYMNTS

JANUARY 8, 2021

Both consumers and businesses are exhibiting shifting expectations for how the lending process should work, and many are expressing interest in alternative forms of lending, such as peer-to-peer (P2P) loans. Another study predicted that the P2P lending market will reach nearly $559 billion by 2027 due to this expanded interest.

Lending 163

Lending Examples Tools Meeting 163

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

DECEMBER 11, 2020

Online lending startup Social Finance (SoFi) is in talks to go public through a sale to blank-check acquisition company. Report: Millennials, Buy Now Pay Later And The Shifting Dynamics Of Online Credit. Nearly 90 percent of millennials have credit cards, yet still seek new ways to finance their online purchases.

Trends 175

Trends Fraud Millennials Community Bank 175

PYMNTS

JULY 21, 2017

So started Affirm’s Co-Founder and CEO Max Levchin ’s remarks at his firm’s first-ever AFFIRMation conference for its retail partners in San Francisco yesterday. “Finance is pretty broken.”. Levchin, by his own description, has spent his career in financial services and founding companies — “some of which succeeded, some didn’t.”

Retail 111

Retail San Francisco Cards Conference 111

PYMNTS

MARCH 3, 2017

Upstart , an online lending company, just announced its $32 million round of funding. The company, which prides itself on determining which loan recipients are worthwhile, sees this money fueling its future growth and helping to license the technology to banks, credit unions and retailers.

Millennials 100

Millennials Lending Google Online 100

Bank Innovation

MARCH 4, 2016

Affirm, the lending startup piloted by PayPal co-founder Max Levchin, recently announced plans to report its loan data to the credit bureaus. This will help customers with thin files, particularly millennials, to bolster their credit histories.

Millennials 150

Millennials Lending Data Report 150

TheGuardian

SEPTEMBER 18, 2021

Fintech firms are jostling to offer millennials interest-free payment plans as they shop online. Labelled by some as “the future of millennial finance”, it has gained a foothold among the under-30s and those with tight finances, who have welcomed the ability to delay payment for goods, typically without interest.

Millennials 75

Millennials Course Lending Fintech 75

PYMNTS

JULY 15, 2016

When Amazon, the largest retailer by market cap, says that it had its best day ever , it’s hard not to call that a sizzle – and then some. Lending Club Algorithms . It is truly not our intention to call out Lending Club week after week in this column as a fizzle. Pokémon GO: Pet Rock or Opportunity To Rock Retail?

Retail 100

Retail FDIC Bitcoin Lending 100

Perficient

JANUARY 12, 2021

We’ve typically seen that this lends itself to focus on areas such as ratings, reviews, and online price shopping, but trends are now showing there are other effective methods for online, as shoppers want to engage with products both at an experiential level and to ensure the best fit for their needs. So, is now the time for AR?

Customer Experience 538

Customer Experience Branding Video Online 538

PYMNTS

JANUARY 25, 2021

These plans fund retail purchases that consumers can then pay off over time in typically four installments. Buy now, pay later options have developed differently across nations, with trends in C hina seeing retailers often providing their own installment payment plans rather than offering third-party plans at checkout.

Payments 185

Payments Tools Retail Cards 185

Bank Innovation

APRIL 19, 2019

The Detroit, Mich.-based based online-only bank, Ally Financial, had 120,000 new deposit customers in the first quarter on 2019, CEO Jeff Brown said on the bank's 1Q earnings call Thursday, bringing the Ally’s total depositor count to 1.77 million — a 20% YoY increase.

Detroit 186

Detroit Millennials Online Capital 186

PYMNTS

MARCH 10, 2020

What instant lending innovation have shoppers fallen in love with? Consumers love the delayed payment options and so do retailers, but the BNPL players themselves are loving their business model, too. Many are leaving credit behind, with approximately 40 percent of millennials fearing credit card debt,” the report states.

Case Study 135

Case Study Retail Millennials Branding 135

PYMNTS

AUGUST 20, 2019

And the conventional wisdom on alternative lending comes in for a gut check as more merchants learn how to reverse the course on subscription churn. percent: Share of millennials who use mobile apps most frequently for planning in-store purchases. Data: $800 billion+: Market cap of Google parent Alphabet.

Payments 130

Payments Millennials Google Lending 130

Celent Banking

MARCH 16, 2015

This last week the American Banker Retail Banking Conference 2015 was going on in Austin, TX. P2P lending), and new payment schemes. The retailer combines the in-store and app experience to enhance the customer buying process. As expected, it was a great way to read the temperature of the banking industry.

Conference 100

Conference Retail Community Bank Community 100

PYMNTS

AUGUST 20, 2019

And based on early indications, it seems the follow-up act to the millennial generation is much more positively inclined toward using credit products of all stripes. Far more millennials and Gen Xers make use of credit cards than Gen Zers – at 38.29 million and 38.27 million, both cohorts have roughly quintuple the carrying rate.

Millennials 124

Millennials Cards Lending Data 124

PYMNTS

JULY 23, 2019

The fund is designed to boost competition in business lending. . 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.” . that caters to millennials, has raised £50M ($62.4 Ireland, Nordic and Baltics.

Millennials 144

Millennials Innovation Fintech Lending 144

PYMNTS

OCTOBER 5, 2018

The reason private label works so well in stores, Bread CEO and Co-founder Josh Abramowitz told PYMNTS’ Karen Webster, is because they are so well-integrated with the physical retail environments for which they were created. This isn’t the case for retailers born in the online world, Abramowitz contends. What’s Next.

Cards 144

Cards Retail Online Millennials 144

PYMNTS

APRIL 14, 2016

That fact in and of itself might lend retail advertisers to, prior to tackling the above question, venture a guess regarding another one: What is the average attention span of a millennial consumer watching a mobile video, and how does it compare to that of a consumer between the ages of 35 and 54 (who’s doing the same)?

Video 100

Video Millennials Study Mobile 100

PYMNTS

AUGUST 20, 2019

And based on early indications, it seems the follow-up act to the millennial generation is much more positively inclined toward using credit products of all stripes. Far more millennials and Gen Xers make use of credit cards than Gen Zers – at 38.29 million and 38.27 million, both cohorts have roughly quintuple the carrying rate.

Millennials 101

Millennials Cards Lending Data 101

Bank Innovation

MAY 1, 2016

Robinhood: On Target Launched in December 2014, Robinhood is a zero-fee stock trading app that quickly gained popularity among financially ambitious millennials. Robinhood was paid the enormous compliment of having “cracked the millennial code” by none other than Jay Sidhu, CEO of Customers Bank and founder of BankMobile.

Millennials 240

Millennials social media Operations Cards 240

PYMNTS

SEPTEMBER 17, 2019

While short-term lending in general has a pretty rough reputation, the pawn loan is the most ill-regarded arena in an already unloved category of consumer lending. The loan amount a borrower can get from a pawnbroker is determined solely by the value of the item itself; as in most forms of short-term lending, there is no credit check.

Ohio 151

Ohio Lending Iowa South Dakota 151

The Financial Brand

SEPTEMBER 19, 2016

How can financial institutions grow their retail loan portfolios when Millennials are strapped with massive student loans quashing their ability to borrow?

Millennials 12

Millennials Lending Retail Marketing 12

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. KOHO, a Toronto-based digital banking startup, has raised C$42 million (US$31 million) in a Series B round to add new products and services.

Millennials 186

Millennials Digital Banking Tools Innovation 186

PYMNTS

APRIL 8, 2020

point-of-sale (POS) form of lending that’s become a retail sensation around the world in recent years. It is for these reasons that we see buy now, pay later solutions being so rapidly adopted across the fitness market and almost all retail categories.”. Enter ‘buy now, pay later’ (BNPL), the layaway 2.0

Exercises 173

Exercises Payments Millennials Retail 173

PYMNTS

SEPTEMBER 20, 2019

In the payments ecosystem, we need look no further than the bridge millennial to see how the connected purchasing experience will evolve over the next decade. Payday Lending Laws Drive Traffic to Pawn Shops. What the Trendsetters Say About How We Will Pay Next Decade. Burger King Now Accepts Bitcoin.

Fraud 108

Fraud Payments Bitcoin Lending 108

PYMNTS

MAY 31, 2018

In addition, the retailer has recently tested placing lockers near the entrances of its brick-and-mortar stores. As competing with Amazon’s prices has mostly been an online battle of eRetailers throwing down the gauntlet, Dick’s Sporting Goods upped the game for brick-and-mortar by including online retailers, such as Amazon , in its policy.

Retail 101

Retail Policies Online Millennials 101

CB Insights

OCTOBER 10, 2018

Startups targeting retail and commercial banking have been emerging globally, spurred by favorable tech regulations, an uptick in mobile adoption, and shifting customer demographics. This year in the US, JP Morgan launched mobile banking app Finn and Goldman Sachs’ retail banking arm Marcus crossed 1.5M Incumbents Play Catch-Up.

Retail 78

Retail Cards Millennials Mobile 78

PYMNTS

MAY 18, 2016

What’s a millennial to do? According to recent statements made at Shoptalk and reported by TechCrunch , lending company Affirm will be partnering with Expedia and Eventbrite to offer extended payment plans (that’s three, six or 12 months) for intangible experiences, including vacations and live events.

Payments 101

Payments Millennials Lending Course 101