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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. Technology companies in China are reportedly framing facial recognition policies at the United Nations (UN). NEW DATA: Millennials Were Black Friday’s Big Spenders In 2019.

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Afterpay Teams With Simon Before Holiday Shopping Season

PYMNTS

To help merchants and promote Afterpay in-store payment services to individuals before the busy holiday shopping season, buy now, pay later (BNPL) firm Afterpay and Simon have announced a national collaboration. Millennial and Gen Z shoppers are focusing on sustainable and ethical fashion and retail more than before.

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

PYMNTS

As many as 72 percent of bridge millennials say mobile apps are important for accessing bank accounts. And at least some of those firms – Monzo among them – are applying for banking licenses in the United States. In addition, passporting can help companies expand services across nations.

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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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Outdoorsy Makes Happy Campers Out Of RV Owners And Renters

PYMNTS

“There is no Airbnb in Grand Canyon National Park. There's no Airbnb in Arches [National Park in Utah],” he said, noting that the average 8-day Outdoorsy RV rental was about 3.5 The millennials love mobility. And that’s just in the United States. There is no Hilton in Yosemite. times the average Airbnb stay.

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BJ’s On The Block, Amex’s Millennial Problem And Another Big Breach

PYMNTS

And most of the nation got a good chuckle — except perhaps the investors who threw $125 million at the disruptive future of juice. The long-suffering team at American Express has a new headache to handle — losing the love of those millennial customers. In fairness, Juicero strongly recommends hand-squeezing the juice. Ready to jump in?

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Survey: COVID-19’s Financial Effect on Millennials

MyBankTracker

The COVID-19 pandemic has added to the money challenges faced by millennials in particular. Millennials are old enough to have financial responsibilities without having had much time to build financial stability. The survey found that the pandemic added to the financial challenges that millennials face. Key Findings.