NCR

MARCH 22, 2017

Today, millennials are the largest generation in the United States – and their levels of entrepreneurship are unprecedented. Millennials are starting more businesses than previous generations, and they’re starting them at a younger age than their predecessors. This year alone, the Internet of Things will connect 8.4

Millennials 49

Millennials Innovation Digital Banking Security 49

PYMNTS

SEPTEMBER 3, 2020

He noted that ordering grocery items online and having them delivered is a practice quickly gaining traction. For members of the millennial or Generation Z cohorts who are comfortable in the app world, payment preferences boil down to choice and control. Security Is Top Of Mind .

Payments 262

Payments Security Millennials Retail 262

PYMNTS

FEBRUARY 21, 2020

Forty-four percent of 200 millennials surveyed last year stated they were wholly responsible for making purchasing decisions at the B2B companies at which they worked, and an additional 33 percent played some role in this process. The Sizable Online Fraud Threat. Vendors do not always find the transition to online selling to be easy.

Customer Experience 152

Customer Experience Fraud Millennials Online 152

Independent Banker

OCTOBER 1, 2022

Fraudsters typically target millennials via text messages that promise rewards, shipment tracking and other automated messages that make them vulnerable to phishing attacks.”. Fraudsters tend to target baby boomers via robocalls about healthcare, taxes or Social Security, but they aren’t immune to social scams. Rehman Khan, Travelers.

Fraud 133

Fraud social media Millennials Examples 133

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. Securities and Exchange Commission (SEC). Within that, how much is online? Why should luxury fashion be any different?

Online 101

Online Retail Branding Data 101

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. Security Remains Innovation’s Watchword.

Industry 168

Industry New York City Online Security 168

PYMNTS

AUGUST 23, 2019

Dutch payments processor Adyen showed significant double digit, first half gains, driven by online commerce and global business from mid market firms. Trending: Meeting The Millennial Need For AI-Powered Visual Shopping. SWIFT: Real-Time Payments Demands Real-Time Security And Compliance.

Marketing 116

Marketing Millennials Payments Compliance 116

William Mills

APRIL 7, 2016

Observing the financial struggles their parents endured, the millennial generation — those born between the early 1980s to the early 2000s–have developed a different point of view about finances and the financial industry than those of the baby boomers or Generation X. Retirement.

Millennials 40

Millennials social media Video Resources 40

PYMNTS

JANUARY 21, 2021

The pandemic has driven consumers to make the bulk of their purchases online, leading many businesses and retailers to struggle with securing their digital infrastructures and payments processes while managing floods of orders. retailers have digital oversights that leave them vulnerable to attacks.

Fraud 148

Fraud Strategy Study Cards 148

PYMNTS

FEBRUARY 14, 2020

Is No-Factor Authentication Digital Security’s Future? CAPTCHA is an obvious example of a “security” step that mostly succeeds in locking out valid customers, and the same idea applies to all of the little hurdles users must overcome during an experience. In fact, more online payments mean merchants have less cash in the till.

Retail 141

Retail Cards Millennials Fraud 141

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

JUNE 26, 2020

Open banking’s nature fortunately provides superior data security to traditional banking models. Open banking can substantially increase the security of customers’ personal information. We go to you on the secure channel that we own with you, maybe with a biometric authentication, so we know that you are who you say you are.”.

System 198

System Data Security Examples 198

FICO

JUNE 9, 2016

Millennials, now the largest demographic group in America, are possibly the most misunderstood, elusive market ever, a notion underscored by The Wall Street Journal ’s article about the existence of $20,000-per-hour “Millennial consultants.” Millennials reward positive fraud outcomes. In Millennial parlance, that’s “harsh.”.

Millennials 40

Millennials Fraud social media Survey 40

PYMNTS

JANUARY 20, 2020

The big idea was that millennial consumers were looking for payment flexibility without getting tied into revolving credit agreements — a change Afterpay saw coming when it was founded, though it was not quite evident to the entire market yet. Millennials were still a pretty small percentage of retail spend in 2015,” Molnar said.

US 157

US Millennials Retail Payments 157

PYMNTS

SEPTEMBER 4, 2019

In an interview with PYMNTS, Richard Noguera , chief information security officer at Yapstone , discussed the findings of the playbook titled “ Meeting the Millennial Need For AI-Powered Visual Shopping.”. Presenting the right images of the right products at the right time can be just as much art as data science.

Millennials 110

Millennials Data social media Analytics 110

PYMNTS

APRIL 10, 2020

“Those channels could be the mobile device, the online device, the ATM, the call center or even in-branch,” said Samy. The advent of the digital age means that, say, a millennial opening that bank account can receive products or services from their FI that touch on financial well-being and educational services.

Examples 168

Examples Mobile Security Technology 168

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

AUGUST 15, 2017

The growing popularity of mobile order-ahead is hardly news in the restaurant industry, where customers — especially millennials — crave the convenience, speed and personalization of a mobile ordering experience both in quick-service restaurants (QSRs), coffee shops and fast-casual dining environments.

Mobile 193

Mobile Millennials Survey Technology 193

PYMNTS

DECEMBER 11, 2018

And that’s unlikely to change in 2019 or beyond, given the growing purchasing power of bridge millennials. So-called online-only retailers — including Amazon — operate some 630 physical retail locations in the U.S., That presents ample opportunity for mobile retail. That’s not to say physical retail is dying. Digital Banking.

blockchain 170

blockchain Retail Trends Mobile 170

PYMNTS

JANUARY 17, 2017

And for that reason, credit bureaus, financial institutions and even eCommerce sites find they must look elsewhere for verifiable data or risk overlooking good but “thin-filed” consumers, including millennials. This leaves many without the “creditworthy” data that makes “thin files” thick. Is the phone number the future SSN?” Ayers asked.

Millennials 100

Millennials Data Fraud social media 100

PYMNTS

MAY 29, 2020

Companies that didn’t have online shopping channels couldn’t sell their products, while eateries that didn’t provide online ordering for delivery or pickup couldn’t serve their diners. Paper-based disbursements sent in the mail are many times slow to reach patients, presenting a problem for healthcare providers and consumers.

Maine 130

Maine ATM Innovation Millennials 130

PYMNTS

JUNE 7, 2019

As has been recounted in this space, the European Union’s SCA regulation looks to have hundreds of millions of consumers confirm they are who they say they are when they buy goods and services online. PetSmart aims to take its online venture public at a valuation of around $7 billion.

Fintech 101

Fintech Study Online Retail 101

PYMNTS

FEBRUARY 26, 2019

As has been spotlighted in these pages, engagement is of paramount importance in financial services, no matter the setting — at branches, online or even through the Internet of Things (IoT). He termed the above example as a “bi-directional secure dialog, using that mobile device, between the bank and the consumer.”.

Mobile 181

Mobile Examples Millennials Digital Banking 181

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

MAY 6, 2016

The company announced on Wednesday (May 4) that it secured $11 million for its freight procurement solution, which allows commodity traders across the globe to book freight and logistics services via an online portal. Canada-based Bench stands as this week’s sole B2B FinTech company that secured venture capital this week.

Fintech 100

Fintech San Francisco Capital Big Data 100

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. billion in sales for the month of November alone. Just a few weeks after the U.S.

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

NOVEMBER 8, 2017

Millennials are taking a mobile-first approach to banking, driving that transformation. However, older populations — and even millennials — still need the services provided by bank branches. Monitoring that growing number of devices presents an ever-growing challenge. However, perhaps the biggest challenge of all is security.

ATM 126

ATM Strategy Mobile Millennials 126

PYMNTS

OCTOBER 23, 2018

That’s despite findings that have shown patients are more likely to pay their medical bills if offered online options for doing so, a trend that is stronger with younger patients. More incentives and case studies encouraging a further move to digital keep emerging, though, even as they present their own challenges to be solved.

blockchain 173

blockchain Study Case Study Fraud 173

PYMNTS

NOVEMBER 21, 2017

For the first time, innovative and secure apps will provide personalized services and information to cover all financial needs in one place, and make it easy for people to find out what bank account is best for them.”. As the U.K. ’s entrepreneurs are struggling in today’s financial services climate.

Fintech 115

Fintech Millennials Meeting Innovation 115

PYMNTS

JULY 30, 2019

Millennials and members of Generation Z are particularly comfortable with voice-activated devices , with 25 percent of consumers aged 16 to 24 using smartphone-based voice assistants such as Siri or Cortana. Security and Privacy Issues. Voice ordering is gaining popularity despite the many security concerns.

Technology 119

Technology Mobile Google Software 119

PYMNTS

JANUARY 23, 2020

Today’s consumers place greater value on personalized experiences than on physical retail goods — especially millennials, 86 percent of whom would rather spend their funds exploring new cultures than shopping. Competing for these consumers in an experience economy means firms must offer adventures that cannot be found on other platforms.

Payments 130

Payments Millennials Security Fraud 130

Insights on Business

FEBRUARY 27, 2019

We moved from telephone banking to online or internet banking. The iPhone became more popular and apps got better and more secure. These customers may be satisfied for the present. Use case: Focus on the millennial market with mobile. Seamless security—and digital workflow. One hundred percent digital.

Customer Experience 107

Customer Experience Mobile Millennials Examples 107

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

FICO

DECEMBER 5, 2022

Financial Institutions, such as banks, have expended great effort to improve digital security, yet bad actors are multiplying and attacks have increased in scope and frequency. Yet along with digital adoption, FIs are also butting up against entrenched consumer thinking that creates security risks. Tue, 07/02/2019 - 02:45.

Survey 52

Survey Fraud Digital Banking social media 52

Independent Banker

OCTOBER 29, 2014

A consensus says that the future banking customer relationships—particularly for millennial consumers—will orbit to one degree or another around mobile technology. As a result, evolutionary developments and relying on existing software system vendors probably represent the present and future roadmap.

Mobile 105

Mobile Community Bank Community Technology 105

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