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Top News In Payments: Millennials Spend Big On Black Friday; Goldman Investor Day To Focus On Growth Strategy

PYMNTS

In today’s top payments news, millennials — as well as bridge millennials — were big Black Friday spenders this year. And Silicon Valley’s Figure Technologies has closed or is near closing $103 million in a Series C funding round. NEW DATA: Millennials Were Black Friday’s Big Spenders In 2019.

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National Business Systems VP: For Some SMBs, It’s Still Wait-And-See On EMV

PYMNTS

After nearly three years, the transition to EMV in the United States still has its challenges. In an interview with PYMNTS, National Business Systems VP David Riley noted a lack of awareness in the field for smaller firms across several verticals. Millennials are traveling and leaving their credit cards at home.

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Digital Banking, With Millennial, Mobile – And Governmental – Tailwinds

PYMNTS

The push toward digital banking seems an inexorable one, with the technology and demographics acting as tailwinds, and where governments have increasingly gotten into the act of promoting digital banks (the pure-play kind) and making forays into bits and bytes, where once paper and face-to-face transactions reigned. Kill the check.

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Why Technology Is Actually Helping Cash Thrive

PYMNTS

The report found that 32 percent of transactions used cash in 2015 and that demand for cash remains strong in the United States. Our partners, and 7-Eleven in particular, have always been very forward-thinking and innovative when it comes to this sort of payment technology market,” Kaplan said.

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PSCU Partners With Lean Industries For Dispute Management

PYMNTS

PSCU, a national payments credit union service organization, is teaming up with dispute management firm Lean Industries to process disputes, PSCU announced in a press release on Monday (Nov. AdjustmentHub aims to standardize the dispute management process by integrating with PSCU’s existing technologies, including NICE Actimize ActOne Extend.

Industry 101
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The Buyers: Generation Z’s Shopping Preferences

PYMNTS

Yes, those born between 1994 and 2002 are starting to push millennials over in terms of shaping commerce and eCommerce trends. The buying power of Gen Z comes out to $44 billion, according to an IBM and National Retail Federation study. Get ready, retailers. They appreciate the hands-on experience of shopping in a store.

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Gas Station TV, Verifone Combine Pump Assets Into GSTV

PYMNTS

“Under the GSTV umbrella and with Verifone’s influential backing, we will draw on our collective partnerships and experiences to strategically accelerate growth, push the boundaries of technology and deliver the proven effectiveness of video at the pump.”.

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