PYMNTS

MAY 23, 2019

Digital banking is not the main element that drives consumers toward using a credit union. Millennials, Bridge Millennials and the rapidly up-and-coming Gen Z consumers mostly prefer digital banking as their go-to when they interact. That result, Chambers noted, is just an average.

Online 123

Online Millennials Digital Banking Maine 123

PYMNTS

JULY 13, 2016

Move over millennials , there’s a new kid in town that is about to become nearer and dearer to retailers’ hearts: Gen Z. Interactions’ study found Gen-Z shoppers to be extremely “digitally savvy,” although 64 percent of them shop primarily in stores rather than with online merchants.

Study 100

Study Millennials Retail social media 100

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. Security is an ongoing concern as well, with countless fraudsters set on hacking CUs to obtain customers’ data. Attracting Customers With Unique Brand, Financial Stability.

United States 174

United States Security Innovation Mobile 174

PYMNTS

FEBRUARY 19, 2020

Corporate buyers can pay more rapidly online with credit cards, benefitting sellers, and enjoy easy access to detailed, searchable information to guide their purchasing decisions. Some online sellers eschew online marketplaces in favor of more tailored digital sales experiences, turning to eCommerce system providers for help.

Mobile 197

Mobile Online Payments Tools 197

PYMNTS

DECEMBER 11, 2019

Consumers are beginning to express more preferences regarding their buying and selling experiences on online marketplaces, which are seeing an increased amount of competition in the market as they attempt to hold onto their customer bases. Why Travel Firms Need To Cater To Millennial Payment Preferences.

Marketing 132

Marketing Millennials social media Case Study 132

NCR

AUGUST 14, 2017

It can be tempting to view online banking as the inevitable future of the sector. Yet despite the rush towards online services, banks shouldn’t forget that not all their customers will be on board with this. The reasons for shunning online services. Figures from Statista show, for instance, that only 60.5

Online 85

Online United States Millennials Digital Banking 85

PYMNTS

APRIL 2, 2019

With more consumers than ever turning to mobile apps for their QSR orders, the competition among online ordering platforms is increasingly fierce. App security, speed and partnerships with brands like Deliveroo are all ways the company is looking to augment the MOA experience for the modern customer, Sharif said.

Security 152

Security Mobile Branding User Experience 152

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

Accenture

JUNE 16, 2017

The headline findings from our study suggest that this investment is justified, with fully two-thirds of all UK customers and 74 percent of millennials saying they’d be willing to receive entirely computer-generated advice on relatively simple decisions such as which type of bank account to open (see Figure 1).

Millennials 186

Millennials Maine Study Security 186

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

SEPTEMBER 26, 2019

The BNPL option is meant to help online businesses grow sales and put more items in baskets, without credit risks to the seller. Sezzle’s main targeted demographic is younger consumers, and it wants to increase their purchasing power. The purchases won’t affect credit scores.

Payments 133

Payments Millennials Maine Online 133

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

NCR

JUNE 21, 2016

According to a recent study , all four of the leading banks are among the ten least-loved brands by Gen Y, and one in three millennials revealed they’re open to switching financial institutions in the next 90 days. Millennials don’t like traditional banks and don’t see any stark differences between them. The Rise of the Digital Bank.

Millennials 45

Millennials Data Study Digital Banking 45

PYMNTS

SEPTEMBER 8, 2020

But nowadays, “every decision that we make — ‘Should I go to the grocery store or should I order my groceries online and then pick them up from the curb? Should I leverage the online capabilities?’ — taxes that budget,” Gauthier said. Should I buy this car?’” Should I send my kids to school or not?

Innovation 223

Innovation Retail Millennials Tools 223

PYMNTS

SEPTEMBER 16, 2019

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. Bridge millennials own slightly more devices than the average consumer in our study: six devices compared to the roughly five that most consumers own. This group of 60 million U.S.

Millennials 222

Millennials Study Course Trends 222

PYMNTS

APRIL 2, 2019

With more consumers than ever turning to mobile apps for their QSR orders, the competition among online ordering platforms is increasingly fierce. App security, speed and partnerships with brands like Deliveroo are all ways the company is looking to augment the MOA experience for the modern customer, Sharif said.

Security 100

Security Mobile Branding User Experience 100

Accenture

JUNE 16, 2017

The headline findings from our study suggest that this investment is justified, with fully two-thirds of all UK customers and 74 percent of millennials saying they’d be willing to receive entirely computer-generated advice on relatively simple decisions such as which type of bank account to open (see Figure 1).

Millennials 150

Millennials Maine Study Security 150

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

APRIL 27, 2016

Can the data trapped in “Digital Exhaust” – like online and social media data – be used to validate identity and predict fraud? Suppose you could build a model that would help financial institutions of any kind fill in those gaps with online and social data that could make thin files thick without increasing their risk?

Online 100

Online Data social media Fraud 100

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? Strong customer authentication (SCA) will officially roll out in one month.

Apple 115

Apple Virginia Regulation Millennials 115

PYMNTS

APRIL 14, 2020

A fair amount, but not all, of the grocery business is going online. percent of consumers shopped for groceries online, rising to 9.1 Millennials accounted for 32.9 While the main reason for the overall decrease in grocery was due to COVID-19 concerns (35.4 At the month’s start only 3.9 percent by month’s end.

Dallas 196

Dallas Texas Data Millennials 196

PYMNTS

JANUARY 24, 2020

All parties involved in sending or receiving disbursements must be able to easily share payment data to speed payouts to residents and ensure security. Such offerings are much more secure than paper checks, but a lack of digital payments ubiquity is causing U.S. Ensuring security will play an equally important role.

Payments 130

Payments US Fraud Innovation 130

PYMNTS

APRIL 9, 2020

In the latest Disbursements Tracker® , PYMNTS examines the impact of COVID-19 upon disbursements and payments, how businesses and government bodies are responding to the increased need for faster payments and rising fraud and security concerns in this space. Businesses can apply for these loans via the SBA’s online portal.

Taxes 178

Taxes Mobile Fraud United States 178

PYMNTS

JUNE 13, 2018

Whether it’s planning for a first date to the movies or a honeymoon vacation, most consumers today do so online. Industries of all types are embracing the potential of embedded payments to not only sell products, but to help plan and purchase experiences as well, and are rolling out new solutions in hopes of securing their slice of the pie.

Trends 101

Trends Payments Millennials Online 101

PYMNTS

APRIL 29, 2019

“You have to create great experiences for customers,” he said, adding that providing a friction-free, relevant and even fun experience matters, particularly to younger consumers like millennials. Not to mention, those experiences go beyond pumpside deliveries. Food Partners. If you can leverage a brand, that can be a fast track.”.

Mobile 152

Mobile Maine Trends Retail 152

PYMNTS

MARCH 8, 2018

Every business walks the same tightrope when it comes to processing payments: Convenience versus security. It doesn’t matter if the business is consumer-facing or serving other businesses (B2B); security is top of mind for all of them, yet adding more layers can introduce more friction, and that can scare customers away.

Innovation 112

Innovation Security Industry Fraud 112

PYMNTS

MAY 26, 2017

One company that is innovating in the sports and recreation industry is Amilia, an online registration and membership management platform. The lack of payment innovation could increasingly become an issue as more millennials become parents and consider activities for their families.

Marketing 115

Marketing Payments Community Millennials 115

PYMNTS

AUGUST 4, 2016

Millennials Eschew Bank Mobile Wallets. The millennial generation has already shown its love for all things mobile, but big financial institution mobile wallets were not in the mix, begging the question: Are the banks too late off the mark to deliver mobile wallets to this generation? But the similarities end there.

Samsung 100

Samsung Google Mobile Millennials 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

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. Nearly 10 percent of people in the U.S.

Policies 117

Policies Millennials Industry Operations 117

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. Mastercard’s Ethoca On Helping Merchants Grapple With The Upcoming Chargeback Deluge.

Innovation 289

Innovation Payments Trends Regulation 289

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

SEPTEMBER 25, 2019

They can’t secure underwriting because their financial file reveals no credit history, and they can’t establish any credit history because no one wants to underwrite them. Access, he noted, that they need because in many cases they need to secure credit to do things like rent an apartment, or take out a credit card or secure an auto loan.

Data 122

Data Resources Cards Security 122

PYMNTS

DECEMBER 20, 2019

Consumers rely on the reviews of other customers, a dependence that has only grown deeper in the age of online shopping and travel. The online travel industry is a pot of gold for bad actors, using stolen payment credentials to buy vacation packages and resell them for profit. Millennials Make Big Push For B2B Personalization.

Fraud 100

Fraud Trends Payments Retail 100

PYMNTS

OCTOBER 9, 2019

Among the main challenges? Cash on delivery is king in our region, but with additional security features like two-factor authentication, 3D secure to prevent fraud on credit cards, more people are building trust with using their cards and paying online,” he said.

Regional 122

Regional Trends Cards Millennials 122

PYMNTS

DECEMBER 21, 2020

And you can see it in the hustle by retailers and brands large and small to pivot their businesses and business models — and the disclaimers on just about every retail site starting a week or more ago that orders placed online might not make it in time for Christmas. Take PayPal, for example. She thanked me profusely for shopping small.

Apple 227

Apple Study Innovation Survey 227

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. That data supports earlier stats released from ACI Worldwide, which found SMEs across the U.S.

Survey 112

Survey Community Bank Community Regional 112