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. Instant Payments and the Millennial Push.

Millennials 239

Millennials Payments Lending Study 239

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

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 Mobile Millennials Operations 139

PYMNTS

OCTOBER 6, 2019

Go Global Retail announced its plans to acquire the assets of ModCloth from Walmart. ModCloth offers exclusive indie and vintage-inspired women’s clothing, shoes, handbags and accessories for 18- to 35-year-old women, while Go Global Retail is a brand investment platform for strategic investors in the consumer sector.

Retail 129

Retail Branding Strategy Digital Strategies 129

PYMNTS

APRIL 24, 2017

The long-suffering team at American Express has a new headache to handle — losing the love of those millennial customers. For a time, it seemed as though the brand might be going public, but plans have apparently changed in light of the changing state of brick-and-mortar retail in the U.S. and yes, this looks like card data breach.

Millennials 109

Millennials Cards New York Branding 109

PYMNTS

MAY 19, 2020

That trend was particularly pronounced among older “bridge millennials,” who on average owned six separate connected devices, not counting their phones. According to PYMNTS’ latest consumer data on the subject, 47 percent of millennials have shifted their routines online, while 45.1 percent of bridge millennials have done so.

Technology 205

Technology Millennials Retail Report 205

PYMNTS

JANUARY 3, 2017

Retail is a dog-eat-dog world, operating at times on the thinnest of margins. There are so many levers to engage consumers” in rewards, said Wind, and whether it is tied specifically to a card or merchant, additional leverage can come through email marketing campaigns or percentage-off programs at retailers. credit cards, 1.3

Retail 137

Retail UX Cards Branding 137

PYMNTS

FEBRUARY 29, 2016

Last week, Sears CEO Edward Lampert got personal as he went into detail about the retailer’s continuing woes and the challenges it (and many other “old-line” retailers like it) face in a rapidly changing industry. The chain, which operates both the Sears and Kmart brands, reported a loss of $580 million in the quarter ending Jan.

Retail 100

Retail Branding Taxes Operations 100

PYMNTS

SEPTEMBER 3, 2020

Of course, large retailers, too, are continuing to invest in accelerating their investments in their digital experiences. Many of these smaller firms, he said, did not have individual, digitized payment experiences woven into their overall operating infrastructures before the pandemic hit. Security Is Top Of Mind .

Payments 262

Payments Security Millennials Retail 262

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

AUGUST 22, 2018

We operate the only truly global luxury digital marketplace at scale, seamlessly connecting brands, retailers and consumers. Within that latter number, stated Farfetch, at the end of the most recent quarter, “we partnered with 614 of the world’s leading luxury retailers and 375 brands.”. Perhaps no surprise: the young’ns.

Online 101

Online Retail Branding Data 101

PYMNTS

DECEMBER 22, 2018

No matter what, though, the present and future of real Christmas trees — even if bought in a weekend frenzy — owes much to digital technology, eCommerce and the consumer preferences of younger buyers. That is helpful especially for “millennial and Generation Xers,” he said. Christmas Tree Landscape. consumers bought some 27.4

Industry 134

Industry Millennials National Online 134

PYMNTS

JULY 29, 2016

Online retail has taught merchant and consumer alike a pertinent lesson for the age of digital retail: Everything might have a price, but the quest for the ultimate bargain means it can always be lower. The story starts with a somewhat out-of-the-blue move from leading discount retailer Dollar General.

Millennials 100

Millennials Retail Conference Community 100

PYMNTS

SEPTEMBER 11, 2018

With more than one billion wireless connections, the India market presents a lot of opportunity for Samsung and other electronics players. The report noted that Samsung operates 2,100 stores in India via franchise partners. Koh said the idea is to cater to more millennials with the lower-end phones. “So

Samsung 100

Samsung Millennials Mobile Innovation 100

PYMNTS

JUNE 5, 2018

However, for SSENSE (pronounced essence), at its first retail location, the Canadian eCommerce brand turned physical retailer has opted for a slightly different flavor. When most people consider a “buy online, pick up in store” arrangement, they’ve already made the purchase when they arrive to collect their item.

Branding 116

Branding Millennials Retail Online 116

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.”. In most retail verticals, Noguera said, the approach can be somewhat scientific, based clearly on past purchasing behavior.

Millennials 110

Millennials Data social media Analytics 110

PYMNTS

DECEMBER 28, 2018

When it comes to retail, recollections seem likely to linger upon the ongoing (and significant) growth in eCommerce, the developing relationship between online and physical stores, a big boost in apparel sales, and the role of mobile in the journey from browsing to purchase. According to Mastercard , overall retail spending increased 5.1

Retail 156

Retail Trends Course Online 156

PYMNTS

MAY 29, 2020

How are CUs utilizing videoconferencing capabilities on interactive teller machines (ITMs) to maintain their branch operations during the pandemic, and how is biometric technology helping them offer more secure, quicker and touchless ATM services? Retailing 2020: Five Things To Watch. Retail Reopening Hinges On Dangerous Discounts.

Maine 130

Maine ATM Innovation Millennials 130

PYMNTS

SEPTEMBER 6, 2018

Big brands have a complicated relationship with Amazon : The eCommerce retailer serves both as a potential competitor and as a retail partner that could open up new sales channels. With J.Crew’s products presented in this way, online shoppers may be able to gain a better feel for the brand than with a more traditional Amazon listing.

Branding 101

Branding Online Millennials Retail 101

PYMNTS

FEBRUARY 11, 2019

Once travelers find the listings they want to book, they are presented with pages that request information such as their drivers’ licenses and dates of birth. At that point, the borrower signs off via a digital form that they have done the walkthrough and know how to operate the vehicle. They want everything on demand,” Cavins said.

San Francisco 219

San Francisco Millennials Miami America 219

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

APRIL 11, 2019

Well, digital commerce and payments present a new opportunity for such stories and memories – and new challenges and dangers for beer, wine and liquor merchants looking to grow and thrive. Cheaper deliveries and adults who cook less than previous generations are among the main factors behind that growth.

Online 169

Online Retail Regulation Maine 169

PYMNTS

OCTOBER 15, 2018

Kitchen United CEO Jim Collins told Karen Webster that, as the owner-operator of Montrose Town Kitchen & Grill in California, he had a front-row seat to this a few years ago when the Postmates delivery people first started showing up at his door.

Millennials 145

Millennials Online Branding Retail 145

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.

Innovation 289

Innovation Payments Trends Regulation 289

PYMNTS

JANUARY 5, 2017

Unattended retail has been on a technological march toward progress — so much so that it is no longer an afterthought for companies but a solid revenue driver if done correctly. Especially with unattended retail, as people really are creatures of habit. Video screens. Cashless payments. Mobile promos. What’s ahead?

Retail 107

Retail Technology Mobile Millennials 107

PYMNTS

JUNE 22, 2018

Charles Jarrett, vice president and CIO of Cumberland Farms (a convenience store chain with some 600 locations in eight states), recently discussed the future of that type of retail with Karen Webster, and gave an update on how the company’s redesigned SmartPay mobile app is helping lead that transformation for the regional chain.

Payments 102

Payments Retail Millennials Branding 102

PYMNTS

FEBRUARY 20, 2017

Over a year of research, development and beta testing, Shopkick Grocery was found to increase consumer basket sizes to $59 in grocery, drugstore and retail spend per trip versus the $32 national average. Retail brands and partners for Shopkick include Best Buy, Clorox, Nestle and Starbucks, among others.

social media 100

social media Virginia South Carolina North Carolina 100

PYMNTS

AUGUST 14, 2018

Amazon and its ever-expanding marketplace of goods presents a problem that looms large in retail: try to beat ’em or try to join them. For some retailers and brands, the risks outweigh the rewards: Sears, Best Buy, Nike and Chico’s are all big names that have added their shops to the Amazon digital marketplace.

Retail 100

Retail Branding Course US 100

PYMNTS

NOVEMBER 21, 2017

Open Banking will make a transformational change to banking for personal customers and small businesses,” said Alasdair Smith, the CMA’s chairman of the retail banking investigation, when the group announced its findings earlier this year. As the U.K. ’s entrepreneurs are struggling in today’s financial services climate.

Fintech 115

Fintech Millennials Meeting Innovation 115

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. A lot of these specialists [on kimkim] have been in operation for many years.

Payments 130

Payments Millennials Security Fraud 130

PYMNTS

MAY 23, 2016

It has been a particularly grim retail season for the mall staples that defined landscape of the late ’90s and early 2000s. Karen Webster described this scenario in 2014 as The Coming Physical Retail Death Spiral. “So Same-store sales in retail locations were up on average 1 percent from the same time in 2015.

social media 100

social media Retail Portland Millennials 100

Gonzobanker

JULY 22, 2019

ITMs present numerous benefits to customers and FIs alike. When the ITM screen presents a consistent feel to the customer’s mobile or online transaction or can serve up a marketing offer based on customer data, it reaffirms the digital experience and encourages the use of other digital channels. But are they worth the investment?

Video 87

Video ATM Analysis Technology 87

Insights on Business

FEBRUARY 27, 2019

These customers may be satisfied for the present. Your executive teams may feel that their current mobile apps and internet banking operations are sufficient. To ensure success in 2025, however, the focus should be on customers who use newer models in digital channels: Generation Y, Z, and Alpha, too—the children of millennials.

Customer Experience 107

Customer Experience Mobile Millennials Examples 107

FICO

JUNE 14, 2021

The company says that over half of Afterpay’s customers in the United States are millennials, aged 25 to 40 years old. Afterpay’s growth numbers are consistent with those contained in the Journal article , which says that roughly one in five millennials used a buy now, pay later service in 2020, about double the rate of Gen X.

Fraud 52

Fraud Cards Millennials Utah 52

PYMNTS

AUGUST 21, 2017

There are a variety of ways to operate it, but one favored method is commanding Ori through Amazon’s Alexa. Millennials are looking for frictionless experiences,” Hasier Larrea, one of Ori’s co-founders, noted in an interview. With a push of a button or a command correctly given, Ori becomes what the user wants.

New York City 105

New York City New York Millennials Miami 105

PYMNTS

JANUARY 3, 2020

As part of that rethinking, but with an eye toward not overly fragmenting Singapore’s small domestic retail banking market — the issuance of digital banking licenses will start small. Youth and millennials are underserved even in a crowded space like Singapore,” Meng said in a statement.

Digital Banking 130

Digital Banking Groups Regional Mobile 130

Independent Banker

NOVEMBER 25, 2015

“We are going to have to lean into this digitized world, so that we can continue to serve our customers well into the 21st century,” ICBA President and CEO Cam Fine told the 24th World Congress of Savings and Retail Banks in Washington, D.C., This puts consumer data, and potentially credit ratings, reputations and bank accounts, in jeopardy.

Community Bank 70

Community Bank Community Analytics Lending 70