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

MAY 11, 2018

That’s one of the driving ideas behind a new service that Marriott International recently launched for Chinese travelers going overseas — a service that also helps to demonstrate how the country’s growing tourist class is changing payments and retail. The Fliggy Payment Feature. Last year, the U.S.-based

Retail 129

Retail Payments social media Mobile 129

PYMNTS

JUNE 29, 2018

That bet could complicate, in a positive way, some of the general ideas out there about the preferences of millennial consumers. The integration of such tools is designed with those millennials in mind, part of the company’s effort to gain more revenue from a new generation of drivers. Winning Millennial Loyalty.

Millennials 101

Millennials social media Branding Marketing 101

PYMNTS

JULY 7, 2017

Generation Z are the next up-and-coming group of shoppers who retailers are turning to for the future of retail. Yes, those born between 1994 and 2002 are starting to push millennials over in terms of shaping commerce and eCommerce trends. Get ready, retailers.

social media 120

social media Millennials Retail Study 120

PYMNTS

MAY 31, 2017

Well, duh – but only if they can bring all of their friends, carried in their pocket and amplified via an acceptable Wi-Fi signal at the mall, says a new study by HRC Retail Advisory. However, millennials and Generation Z shoppers took their inspiration from different places.

Millennials 101

Millennials social media Study Retail 101

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. Think blazers.

Millennials 101

Millennials Branding social media Operations 101

PYMNTS

FEBRUARY 26, 2019

bank, has started beta testing of its PayMe System, a digital payment system for businesses. According to a report in Fintech Futures , HSBC started the beta test with 15 retailers in Hong Kong. They can now accept payments from customers that use HSBC’s eWallet. HSBC, the U.K. Customers pay a 1.5

social media 178

social media Millennials Fintech Retail 178

PYMNTS

JUNE 26, 2017

It seems that most every industry these days is vying for millennial dollars and devotion. For an industry where millennials are projected to spend nearly $800 billion in 2017 (that’s 7 percent more on monthly food budgets than average Americans), restaurants are hankering to pull out all the stops to get millennials to order — in or out.

Millennials 125

Millennials Mobile User Experience Survey 125

Accenture

OCTOBER 3, 2017

Based on this survey of over 2,000 consumers, it’s clear that online retailers, tech firms and social-media players face an uphill battle to convince consumers to allow them access to their financial data. Trust in online platforms and social-media companies as providers of payments services is low.

social media 151

social media Millennials Online Fraud 151

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 17, 2020

Some have become so popular that they even have fan pages on social media platforms. However, there is one shopping channel in which BNPL may be able to help retailers and additional providers generate much more revenue: mobile. BNPL Could Solve Mobile Shopping Hardships .

Mobile 130

Mobile social media Retail Study 130

PYMNTS

DECEMBER 1, 2016

More than one out of four millennials carry less than $5 cash with them. And according to another study, nearly 20 percent of millennials have not used cash in two months. With a fifth of millennials already rarely using cash, it is clear that this is happening relatively rapidly,” said Kalle Marsal, CMO of Mitek.

Millennials 100

Millennials Trends Study Groups 100

PYMNTS

JANUARY 13, 2021

The 2021 initial public offering (IPO) season is off to a fast start for the payments and commerce business, including an expected filing next week from reCommerce platform Poshmark. Unique to Poshmark are social media aspects like the ability to share “likes” on favored items. “We 31 were millennial or Gen Z consumers.

social media 169

social media Trends Retail Millennials 169

PYMNTS

DECEMBER 18, 2020

Social media-focused clothing reseller Poshmark became the latest platform company to file for an initial public offering (IPO) this week, hoping to catch an IPO wave that saw big first-day pops recently for Airbnb and DoorDash. 31 were millennials or Gen Zers, which is a very desirable demographic for an online platform.

social media 232

social media Online Millennials Training 232

NCR

JUNE 29, 2016

Coming of age during the last recession and being subjected to the barrage of headlines about financial executives misbehaving, many Millennials are distrustful of established financial brands and institutions. are in the bottom 10 of the least loved brands by Millennials. are in the bottom 10 of the least loved brands by Millennials.

Millennials 45

Millennials social media User Experience Branding 45

PYMNTS

MAY 19, 2017

From eCommerce warehouses like Amazon to social media sales, it’s no secret that constant connectivity has changed many consumers’ shopping habits. But while more people opt for mobile and online channels than ever, traditional brick-and-mortar retail hasn’t vanished. Evolving from Pup to Shark. from 1 percent to 20 percent.

social media 100

social media Branding Retail Online 100

PYMNTS

SEPTEMBER 16, 2019

Retailers scour social media to find influencers and designer bellwethers to turn trends into sales. In the payments ecosystem, we need look no further than the bridge millennial for how the connected purchasing experience will evolve over the next decade. consumers shop and pay — today and in the future.

Millennials 222

Millennials Study Course Trends 222

PYMNTS

APRIL 19, 2016

” Retailers have come to recognize the incredible marketing opportunity presented by the multi-weekend music festival in Southern California. In fact, Sonic is forgoing the decidedly unhip notion of cash and payments, opting instead to prompt customers to post their milkshakes back to Instagram as a form of compensation.

social media 100

social media Millennials San Francisco California 100

PYMNTS

AUGUST 7, 2018

And the people who try it seem to really, really like it — which signals good news for merchants and payments providers in the coming years. The payments provider and news and research firm collaborated on the new Contextual Commerce Report , with findings based on a survey of more than 2,000 consumers throughout the United States.

Meeting 110

Meeting social media Report Retail 110

PYMNTS

DECEMBER 3, 2019

Control is one of the hottest topics in the world of payments and financial services — and it seems poised to have a major impact on the world of banking going into the new year and decade. Whether via eCommerce shopping or retail loyalty programs, consumers are getting used to increasingly personalized experiences. “We Super Apps.

Mobile 137

Mobile social media Millennials Exercises 137

PYMNTS

MAY 26, 2017

Because many summer camps and recreational programs don’t offer their customers the ability to register or make payments using modern payment processing solutions, program organizers can get stuck entering customer information into a program database manually. Getting Recreational Programs to Act Like Businesses.

Marketing 115

Marketing Payments Community Millennials 115

PYMNTS

NOVEMBER 13, 2019

In an interview with PYMNTS, Mladen Vladic, general manager of loyalty solutions at Fidelity National Information Services ( FIS ), said bridging the gap between a satisfied customer and a loyal one is a matter of urgency for firms across all verticals, but especially for retailers. That’s just not engaging.”. The Mechanics.

Millennials 118

Millennials social media Retail Cards 118

PYMNTS

DECEMBER 21, 2016

Americans, especially millennials, are hungry for restaurant innovation. New payments and engagement systems are especially popular among younger consumers, according to the report, with 77 percent of North American customers between ages 18 and 34 reporting that they want more modern options at restaurant chains. Upping engagement.

social media 100

social media Survey Retail Technology 100

PYMNTS

DECEMBER 22, 2018

The online retailer sold smaller versions of the trees last year, but online orders of Christmas trees made up only a small portion of overall sales of the trees. But online retail sales are hardly the only digital boost that digital technology gives to the sale of live Christmas trees, according to Hundley. Christmas Tree Landscape.

Industry 134

Industry Millennials National Online 134

Insights on Business

JANUARY 31, 2019

Like millions of others, I enjoy having a cup of coffee at various retail coffee establishments. Enhancements start with mobile app-based personalization such as social currency, rewards programs, and probably most importantly, streamlined service that lets you get your beverage faster than ever before.

Payments 107

Payments Fraud San Francisco social media 107

PYMNTS

NOVEMBER 23, 2018

Even people without a mind for business remember that motto as one of the guiding principles of retail and other forms of commerce — absorbed, perhaps, in a high school class or via any number of articles, TV shows, commercials or bits of pop culture that have riffed on that theme. Location , location, location. Instagram Role.

social media 163

social media Mobile Branding Retail 163

PYMNTS

OCTOBER 29, 2018

For many in payments and the vast ecosystem that it powers, the scariest thing about Oct. The 2019 planning sessions that will mark the next 60 days will no doubt include topics of conversation about the scariest things in payments that could knock key players off their game – or turn their plans upside down.

Payments 196

Payments Google Apple Innovation 196

Bank Innovation

MAY 1, 2016

Robinhood: On Target Launched in December 2014, Robinhood is a zero-fee stock trading app that quickly gained popularity among financially ambitious millennials. Robinhood was paid the enormous compliment of having “cracked the millennial code” by none other than Jay Sidhu, CEO of Customers Bank and founder of BankMobile.

Millennials 240

Millennials social media Operations Cards 240

PYMNTS

JULY 24, 2019

They must protect both buyers and sellers against fraud, make sure payments are prompt and — most of all — ensure they are keeping the experiences unique, John Boris, CEO of experience marketplace IfOnly , told PYMNTS in a recent interview. And it’s not just millennials. The Experience Economy and the Digital Marketplace.

Case Study 110

Case Study Study Mobile Millennials 110

PYMNTS

JULY 15, 2016

When Amazon, the largest retailer by market cap, says that it had its best day ever , it’s hard not to call that a sizzle – and then some. iPayYou is the “only” P2P bitcoin payments method on Twitter. Pokémon GO: Pet Rock or Opportunity To Rock Retail? The Summer’s Best Retail Opportunity? . Amazon Sellers .

Retail 100

Retail FDIC Bitcoin Lending 100

PYMNTS

AUGUST 26, 2016

According to AppleInsider , although some retailers have announced plans for Apple Pay in the past, some still have not supported Apple Pay; Anthropologie and Forever 21 are two examples. Apple Again Trying Social Media Apps. Some promising news for Apple Pay, however, also in the U.K.: cardholders a week ago. .:

Apple 100

Apple social media Retail Strategy 100

PYMNTS

DECEMBER 7, 2017

Amazon takes another swing at Etsy, Apple catches up in the proprietary Pay game and Facebook matriculates a new generation of social media users with its new Messenger product for kids — this and more of the latest news from the Frightful Five, just in case you missed it.

Apple 111

Apple social media Google Video 111

PYMNTS

JANUARY 15, 2019

The payments firm said that a key offering through She’s Next will be research — and where initial findings across an as-yet unreleased report commissioned by the firm show that, across U.S. These entrepreneurs would like to sharpen their social media skills to broaden reach and grow their firms. India and Mexico.

Atlanta 189

Atlanta New York social media Community 189

South State Correspondent

JULY 11, 2022

However, instead of incurring a $10 cost or missing out on a $10 profit, you are likely missing out on a $300 profit for a retail bank customer and hundreds of thousands for some commercial customers. You want to develop more homeowners as customers or customers that care about payments, no problem, as AI will test a path to success.

Marketing 195

Marketing Data social media Groups 195

PYMNTS

FEBRUARY 24, 2020

Millennials are also more likely to go the do-it-yourself (DIY) route than consumers from other age groups. Almost three quarters — or 73 percent — of millennials are doing DIY home improvement. Since its rollout, it has been engaging in social media marketing. Marketing And eCommerce.

Tools 146

Tools Milwaukee Millennials social media 146

FICO

DECEMBER 19, 2017

Just as the Wild Card Round is followed by the Divisional Round in the NFL playoffs , fraud and payments predictions are always followed by New Year’s resolutions. However, I (and most of my friends) have not yet jumped wholeheartedly onto the mobile payments bandwagon. Payment Apps Proliferate. Will we do so this year?

Fraud 55

Fraud Payments Cards social media 55

PYMNTS

APRIL 30, 2018

” so whatever the product was could be theirs — probably for five easy payments of less than $50. As the prominent global video-commerce retailer, and North America’s third-largest mobile and eCommerce retailer, the combined company will be well-positioned to help shape the next generation of retailing.”.

Branding 129

Branding Millennials Retail social media 129