PYMNTS

AUGUST 23, 2019

Online marketplaces for everything from retail goods to travel services to hospitality need to ensure a quick and easy way for both buyers and sellers to transact with each other— or risk losing both sides to a waiting host of competitors. Around the Payments And The Platform E conomy. To learn more, visit the Playbook’s feature story.

Millennials 165

Millennials Trends Meeting social media 165

Bank Innovation

JANUARY 30, 2019

s robust marketing strategy for its retail bank has paid off, as the bank today reported that half of its new retail customers were millennials. Of Ally Financial’s 230,000 new retail deposit customers via its retail side, Ally Bank, 126,500 were millennials, according to bank’s earnings report released today.

Retail 170

Retail Millennials Marketing Strategies Strategy 170

PYMNTS

MARCH 30, 2020

Consumers shopping in droves via eCommerce channels is hardly a piece of breaking news — for the better part of a decade, that has been obvious to anyone watching the retail space. They are, Fiserv Senior Vice President of Retail Solutions John Nicola told Karen Webster in a recent conversation — and in great numbers.

Retail 177

Retail social media Millennials Branding 177

PYMNTS

JANUARY 12, 2021

Demand among businesses — especially smaller firms — skyrocketed as they attempted to blunt revenue challenges and keep their operations above water, but these companies faced numerous hiccups when securing financing. Payors surveyed stated that they made only 45 percent of all their disbursements via non-instant payment methods, in fact.

Millennials 239

Millennials Payments Lending Study 239

PYMNTS

AUGUST 9, 2019

In an interview with PYMNTS, Tim Moran, senior vice president of product and marketing at Worldnet , told PYMNTS that the age of automated retail is dawning — but there is no one-size-fits-all approach. Moran said the overall trend toward automation is being driven by the consumer, and in particular, by millennial consumers.

Retail 181

Retail Analytics Millennials Online 181

PYMNTS

AUGUST 31, 2017

Retailers trying to bridge the growing gap between the shopping trends of Baby Boomers, Generation Z and every demographic in between may think they have the different generations figured out, but in some cases, operating on assumptions can lead to missed sales. Millennials. Baby Boomers. was home to 81.3 was home to 81.3

Retail 147

Retail Millennials Study Trends 147

PYMNTS

DECEMBER 24, 2019

All that’s left now, more or less, is the rush of returns that will all but overwhelm some retailers. To get a better sense of what’s coming (and to have some holiday fun), PYMNTS recently caught up with Akash Garg, CTO of Afterpay — a company that offers flexible payment terms, and essentially serves a digital layaway provider.

Millennials 139

Millennials Branding Trends Retail 139

PYMNTS

APRIL 30, 2019

The rise of smart vending machines, driven by data and contactless payments, has the power to upend the way we shop, building loyalty and speeding adoption of contactless payments along the way. The Changing Retail Footprint. This has become an irreversible trend,” he said.

Retail 138

Retail Data Operations Payments 138

PYMNTS

SEPTEMBER 27, 2020

Sezzle , the installments payments platform, will be working on buy now, pay later (BNPL) services with Target , a press release says, which will test how the popular payment trend works with the retail giant's operations.

Leadership 302

Leadership Millennials Retail Study 302

PYMNTS

NOVEMBER 27, 2018

Convenience store operators would be wise to pay close attention to the purchasing habits of a certain subset of consumer: the Bridge Millennial — the first generation of connected consumers with spending power. Building A Better Bridge Millennial Gas App. For C-Stores, An Opportunity To Woo Bridge Millennials.

Millennials 130

Millennials Mobile Payments Survey 130

PYMNTS

DECEMBER 6, 2019

It’s the end of the workweek, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and commerce news. We have a deep dive into Colorado’s digital driver’s license effort and news on Alphabet’s new CEO, as well as data on millennial Black Friday spending. operations. Top News

Millennials 101

Millennials Colorado Google Leadership 101

PYMNTS

DECEMBER 6, 2019

The growing significance of the gig economy is changing how businesses handle their payments. The Next-Gen Payments Report, a PYMNTS and American Express collaboration, examines how businesses are redesigning their AP and payroll to serve gig workers’ needs and stay current with a changing economy.

Tools 186

Tools Payments Millennials Strategy 186

PYMNTS

SEPTEMBER 3, 2020

Only 26 percent of all consumer payments are made in the U.S. Beyond the wholesale shift to digital payments, Cole told PYMNTS in a recent interview, there are pockets of growth that are seeing more digital acceleration than others as lockdowns linger and businesses reopen on a staggered basis. The Demographics .

Payments 262

Payments Security Millennials Retail 262

PYMNTS

JANUARY 25, 2021

Shoppers in the United States have long turned to credit cards to let them get the products now while delaying payments until they have a chance to save up. These plans fund retail purchases that consumers can then pay off over time in typically four installments. How BNPL Plans Help Shoppers Defer Payments With Predictable Fees.

Payments 185

Payments Tools Retail Cards 185

PYMNTS

MAY 6, 2017

It’s been chronicled in these virtual pages that millennials are the driving force behind change – change in how payments are done, how banking is banked, how social media influences commerce (or doesn’t) and how shopping may become a hybrid of high touch across the digital and physical realms.

Millennials 101

Millennials Branding social media Operations 101

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. According to J.P.

Innovation 289

Innovation Payments Trends Regulation 289

PYMNTS

JUNE 14, 2018

Millennials are a force to be reckoned with, as they are made up of approximately 90 million individuals with significant spending power: By 2030, their aggregate annual income is projected to be more than $4 trillion. Attracting Millennials. Approximately 75 percent of Gravy’s users are millennials. Payments And Cash Back.

Millennials 118

Millennials Branding Mobile Apple 118

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. Circling back to the U.K.,

Digital Banking 160

Digital Banking Millennials Mobile Regulation 160

PYMNTS

DECEMBER 14, 2020

52% : Portion of customers who have made a purchase with new retailers since the pandemic began. 40% : Share of medical claim payment transactions carried out with paper checks. 20-25 : Number of verticals in which OMNi hopes to operate down the road.

Millennials 160

Millennials Retail Data US 160

PYMNTS

APRIL 9, 2019

Retail innovation labs – incubators or tech hubs – aren’t confined to operations run by the likes of Amazon or Walmart. A new lab store from 7-Eleven underscores the innovation wave that is taking place in the convenience store sector of retail – a sector ripe for change, disruption and growth. Payments Role.

Innovation 155

Innovation Millennials Dallas Retail 155

PYMNTS

JULY 15, 2020

Consumers were already changing their retail preferences before anyone had heard of COVID-19, let alone had their life utterly upended by it. This vastly accelerated retail realignment presents challenges — and opportunities — for retailers of all kinds, particularly those dealing in luxury goods, Molnar said.

US 206

US Retail Millennials Trends 206

PYMNTS

JANUARY 14, 2019

It looks like we can finally have a serious conversation about the impending collapse of physical retail in the U.S. All it took was a 160-year old retailer and a $34 billion kick in the stomach to the retail sector to get everyone’s attention. retailer, Sears, which found itself standing at Chapter 7’s front door.

Retail 198

Retail Online Mobile Data 198

PYMNTS

APRIL 24, 2017

On the slightly more serious side of the payments news this week, BJ’s Wholesale Club looks like it’s going up for sale — and the rumor of the week is that Amazon is thinking about buying it. The long-suffering team at American Express has a new headache to handle — losing the love of those millennial customers. these days.

Millennials 109

Millennials Cards New York Branding 109

PYMNTS

JULY 31, 2019

Mobile technology by payments provider ACI Worldwide is a crucial part of the Co-operative Group’s (Co-op) new pay-in-aisle app, the firm said in a July 31 press release. . s largest convenience food retailers, Co-op has more than 2,600 stores and fuel sites across the country. One of the U.K.’s The Co-op was the first U.K.

Retail 139

Retail Millennials Mobile Operations 139

PYMNTS

SEPTEMBER 29, 2020

In today’s top news, Amazon introduces pay-by-hand tech to its Amazon Go stores, and payments platform PayMongo raises $12 million. Filipino online payments platform PayMongo raised $12 million in a funding round led by Stripe, and also including existing investors Y Combinator and Global Founders Capital, and new investor Bedrock Capital.

Payments 148

Payments Apple Survey Seattle 148

PYMNTS

MAY 1, 2020

Plus, Visa reported earnings that show a strong shift to contactless payments. Visa posted fiscal second-quarter results that showed a plummet in spending amid the coronavirus pandemic, offset by a switch to contactless payments. Tradesy CEO: Millennial Women, Louboutin Shoes And Restarting The Economy.

Maine 141

Maine Millennials Payments Analysis 141

PYMNTS

NOVEMBER 15, 2017

Fashion retailer Forever 21 revealed that it has suffered a data breach at some of its stores. According to news from Fortune , customer payment card information was compromised at certain point of sale devices in stores when the encryption on those devices was not operating.

Los Angeles 151

Los Angeles social media Millennials Retail 151

PYMNTS

JANUARY 3, 2017

Retail is a dog-eat-dog world, operating at times on the thinnest of margins. And of those 500 users, 38 percent said card usage is driven by how much cash they have on hand; another 25 percent said their choice to use plastic is driven by the rewards that come with those chosen payment methods. credit cards, 1.3

Retail 137

Retail UX Cards Branding 137

PYMNTS

JUNE 17, 2019

The rise of faster payment systems has become a global phenomenon. In the past few years, several global markets have invested resources into developing payment systems and infrastructure that enables funds to be delivered in real-time and that operate on a 24/7 cycle.

Payments 201

Payments System National Mobile 201

PYMNTS

AUGUST 19, 2019

That said, there seems little question that younger consumers will continue to drive most changes in mobile, including its often complex place in the retail and shopping chain. PYMNTS-LISNR research demonstrates how younger consumers are driving this shift in the history of retail. Generational Shift. “A percent and 42.8

Mobile 179

Mobile Millennials Retail Online 179

PYMNTS

OCTOBER 1, 2019

EMV seems to be that payments issue that just won’t go away, but not in the U.S., Before getting into that, though, it pays to understand what’s going on with the EMV deadline in this specific area of retail to get a good sense of context. The number of EMV payment cards in circulation around the world stands at more than 7.1

Innovation 167

Innovation Customer Experience Retail Operations 167

PYMNTS

DECEMBER 11, 2018

Give a deep and welcoming hello to the newest form of window shopping — a consumer behavior that will help to shape retail in 2019 and beyond, and a trend that stands as an increasing part of shopping, one that promises to impact brick-and-mortar merchants as they decide how to innovate. That’s not to say physical retail is dying.

blockchain 170

blockchain Retail Trends Mobile 170

PYMNTS

JULY 13, 2020

The greatest health crisis in a generation is poised to accelerate innovation at the intersection of healthcare , technology and payments as never before. We’re not in retail healthcare,” Walmart senior director of strategy and customer experience for health and wellness Matt Parry told MedCityNews. We’re in healthcare.

Retail 219

Retail Innovation Online Seattle 219

PYMNTS

JULY 15, 2019

Of all the banking institutions releasing Q2 earnings this week, watch for JPMorgan, whose strong performance can be credited to a growing millennial customer base and continued digital innovation. Continued development of JPM Coin has garnered interest from customers around the world, especially millennials.

Innovation 139

Innovation Millennials Conference cryptocurrency 139

PYMNTS

OCTOBER 23, 2020

It was a busy week for commerce and payments, as Apple Pay turned six and J.P. Small and medium-sized businesses (SMBs) can accept payments via a mobile program or touch-free card reader with QuickAccept and get the funds immediately. 2021: The Year Business Payments Go Digital And Lose The Paper Check.

Apple 149

Apple Maine Millennials Bitcoin 149

PYMNTS

APRIL 13, 2018

It was a record-breaking first quarter for retailers in the U.S. According to a report issued by Moody’s earlier this week, the retail sector managed to notch a record number of defaults during Q1 2013, with nine retailers defaulting on their debt. As a result of the series of retail fails, the default rate of high-risk U.S.

Retail 116

Retail Course Washington Marketing 116