Banking 2020

FEBRUARY 20, 2015

Millennials likely to embrace nontraditional services: According to a recent survey conducted for FICO, millennials (aged 18-34) are more likely to use nontraditional services like Apple Pay or Google Wallet, proving that banking alternatives have the potential to grow rapidly if properly designed and executed.

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PYMNTS

MAY 3, 2018

In other news, Samsung Pay is making a bid to move beyond payments, and young Chinese consumers recently boosted overseas use of Alipay. Samsung Pay Launches Mobile Shopping And Rewards Features. One of those features uses Bixby, Samsung’s intelligence platform, to enable Samsung Pay users to shop via their smartphone cameras.

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PYMNTS

AUGUST 22, 2018

According to the report, the Sapphire Reserve card is popular among millennials because of the generous rewards points, which cater to their desire to travel. In late July, JPMorgan Chase announced that Chase Pay customers with Samsung Galaxy smartphones can link Chase Pay to Samsung Pay.

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PYMNTS

AUGUST 28, 2019

Forget millennials – well, at least for a moment. The items are sold in small quantities to catch the interest of Generation Z and millennial consumers who aren’t interested in buying in bulk. As a result, digital devices from the likes of Apple and Samsung are popular with this group, as are food and beverage brands.

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Retail Trends Millennials Survey 148

PYMNTS

NOVEMBER 12, 2018

And payment innovators are taking note, with Samsung Pay bringing new shopping and rewards features to its mobile payment service. When consumers point their cameras at an object, Bixby Shopping identifies it and directs that shopper to an eCommerce site operated by a Samsung partner. These apps can be quite entertaining too.

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Innovation Samsung Apple Mobile 186

PYMNTS

NOVEMBER 27, 2017

It’s time to shift gears when it comes to a commonly held perception about millennials and vehicle ownership. After years of believing millennials were disavowing the practice, recent studies indicate the millennial generation is kicking the tires on the concept of owning or leasing their own set of wheels after all.

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Trends Mobile Millennials Payments 120

PYMNTS

JANUARY 11, 2019

The lucrative “ bridge millennial ” consumer segment — relatively high-earning and highly educated, and approaching their peak earning years — are particularly fond of this technology, with 31 percent reporting ownership of a voice-activated device and 55 percent of those owners using them to make a purchase.

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PYMNTS

OCTOBER 21, 2020

The consumer electronics side excludes some key brands, such as Apple, Samsung, Dell, Google and Sony. Last week, the company reported that its online business is up nearly 100 percent compared to last year, in part due to demand from millennials who prioritize renting or buying used products over purchasing new gear.

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Branding Samsung Meeting Millennials 192

PYMNTS

APRIL 23, 2019

They can then add their cards to wallets from Google Pay, Samsung Pay and Apple Pay. Most consumers these days, especially millennials, expect products, services and information to be easily and instantly available digitally,” said Natalia Goh, Standard Chartered Bank Singapore’s head of credit cards and personal loans.

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PYMNTS

MAY 14, 2018

As noted in a recent report commissioned by ADP, roughly half of Generation Z (47 percent) and about a third of millennials (at 31 percent) would turn down a job if unable to choose how money ends up in their pockets. Wisely Pay dovetails with ADP compliance solutions and an electronic payment program that is extant across 50 states.

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Payments Millennials Cards United States 125

PYMNTS

MAY 15, 2017

The timing of Amazon’s latest release is a bit inopportune for new market entrant Microsoft, which just one day prior had announced a partnership with Samsung Electronics unit Harman Kardon to launch a smart speaker, called Invoke, powered by AI assistant Cortana. percent of all millennials will use a virtual assistant in 2017.

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Google Millennials Samsung Video 108

Banking 2020

MARCH 7, 2015

8 astonishing facts bankers should know about millennials: Did you know that recent data shows that 52% of millennials prefer non-traditional payments ? Six strategies to attract young members: With the average age of credit union members being consumers in their mid-to-late 40s, credit unions are missing a major market –millennials.

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Mobile Millennials Payments social media 40

PYMNTS

OCTOBER 13, 2016

South Korea has 11 mobile payment services such as KakaoPay, Naver Pay and Samsung Pay, and around 28 million cards were loaded onto users’ smartphones in the second quarter. Samsung Pay provides gift cards from Dunkin’ Donuts, and users earn money with its own rewards prepaid card. billion won from the previous quarter.

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Mobile Payments Apple Samsung 100

PYMNTS

MAY 28, 2019

Much thought is given to millennials and even Generation Z — consumers who were born during fixed periods of time, and who are having an increasing impact on payments and commerce. But let’s not forget the role of the teenager in digital retail, financial services and transactions.

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Digital Banking Google Mobile Groups 139

Gonzobanker

JULY 31, 2017

Mobile wallets from players like Visa, MasterCard and Chase build upon a strong base of scale and platform, while wallets from firms like Apple, Google and Samsung are tightly integrated into consumers’ mobile behaviors. What’s ironic is that not long ago, PayPal was listed as the most popular mobile wallet among Millennials.

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Samsung Apple Mobile Online 70

PYMNTS

JULY 21, 2017

The data also shared that 56 percent of millennials do not feel comfortable carrying cash in their wallet, which could be due to concerns of either spending it all too quickly or losing it. Juniper Research’s data shows that Apple Pay, Android Pay and Samsung Pay alone will reach 300 million users by the end of 2017.

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Payments Apple Cards Samsung 143

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.

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Millennials Mobile Lending Cards 77

PYMNTS

SEPTEMBER 11, 2018

Is there a secret sauce for merchants to capture the evolving millennial? One formula that offers engaging consumer experiences, and doesn’t insult the intelligence of millennials, is a combination of private-label debit and rewards or loyalty programs. Reaching Millennials. However, millennials care about more than price.

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Millennials Mobile Branding Samsung 115

PYMNTS

SEPTEMBER 20, 2016

Domino’s has been known for its strong digital ordering initiatives, but this one may make ordering even easier, especially for millennials. Users who already have a Domino’s account can choose between a recent or favorite order and then track their order once it’s been placed.

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PYMNTS

JANUARY 14, 2019

The lucrative “ bridge millennial ” consumer segment — relatively high-earning and highly educated, and approaching their peak earning years — are particularly fond of voice technology, with 31 percent reporting ownership of a voice-activated device and 55 percent of those owners using them to make a purchase.

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Las Vegas Samsung Technology Tools 128

Celent Banking

OCTOBER 10, 2016

It’s also reported that more than 50% of millennials have already used a mobile wallet at least once. This includes Apple Pay, Android Pay, or Samsung Pay. The options are fairly universal, with Samsung, Apple, and Android offering networks here.

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PYMNTS

FEBRUARY 7, 2017

There’s a demographic push at work here, too, said Carcillo, which he defined as “millennial consumer groups.”. Amid the advisory services provided by his firm, said Carcillo, “invariably, the discussion [about contactless] comes up, ”especially as wallets and marquee names, such as Apple, Google and Samsung, are all in the payments space.

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PYMNTS

JANUARY 29, 2019

By way of example, Fagan noted that with the “pays” ( Apple Pay , Google Pay and Samsung Pay ), if those firms tried to go individually to several thousand credit unions, the effort would be a struggle.

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PYMNTS

AUGUST 24, 2018

Those card readers now accept payments via Visa , Mastercard , Discover , Apple Pay , Android Pay and Samsung Pay. Millennials, whom the company says do not provide a lot of foot traffic to retailers that sell lotto tickets. In September of last year, the state began putting payment card readers in all self-service lotto machines.

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NCR

JUNE 24, 2016

While some progress will be made towards this in 2016 – primarily down to increased adoption of the technology among Millennial consumers – there’s still a long way to go. In the past couple of years, there have been a wide range of new entrants looking to claim a piece of the pie.

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Mobile US Marketing Payments 61

PYMNTS

OCTOBER 31, 2019

The Federal Trade Commission found that millennial consumers are some of fraudsters’ favorite targets, and that online commerce losses for this group alone reached $71 million over the past two years. Additionally, 76 percent of respondents indicated they made purchases during at least one everyday activity.

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NCR

JULY 20, 2016

Apple Pay, Samsung Pay and Android Pay all have fingerprint authentication payment options. Millennials are often described as the selfie generation, so it’s not surprising that businesses are trying to find ways of incorporating this trend into their services.

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Technology Payments Millennials System 40

PYMNTS

MAY 15, 2018

Nana Murugesan, vice president and general manager at Samsung Electronics America, said this is what Samsung has been building up to in recent years, continually tucking new value-add features into its ecosystem. The more that consumers interact across Samsung’s ecosystem, the more change they get to throw into that digital piggy bank.

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Samsung Millennials Online Mobile 101

The Financial Brand

AUGUST 1, 2016

Banks and credit unions need to improve mobile wallet offerings before digital consumers get accustomed to using non-bank alternatives.

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Millennials Mobile Samsung Google 12

PYMNTS

DECEMBER 24, 2019

Zigbee Alliance board member companies — like IKEA, Samsung SmartThings and Silicon Labs, among others — are also on board to join the working group and make contributions to the effort, according to the Dec. 18 announcement. #3: 3: P2P Rises And Could Move Into B2B. 4: An Increasing Number Of Devices.

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Cards Payments Study Examples 160

PYMNTS

SEPTEMBER 6, 2016

In the last four years, we’ve had the adoption of bitcoin, Samsung and Apple Pay and the explosion of FinTech,” said Jenkins. Of course, it’s not just the FinTech industry and tech-savvy millennials who are fueling digital change. “Payments had been relatively static with innovation around cash, checks and credit cards.

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FICO

SEPTEMBER 22, 2016

Millennials love their smartphones—so much so that in recent research , millennials ranked them as more important than a toothbrush or even deodorant. It is a good thing 90% of millennials have smartphones! Of course, many of our clients want to know more about millennial banking habits. That is a really mixed story.

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Millennials Survey Mobile Payments 40

PYMNTS

DECEMBER 23, 2016

And if you can spare a bit extra, we’d like to see if you have anything in your bag of tricks to help millennials get a little more credit , even if it is only one transaction at a time. They really need the former before they get more of the latter.

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PYMNTS

NOVEMBER 22, 2016

That’s the problem that Samsung set out to crack with the Samsung Rewards program launched a week ago. Cue The Samsung Rewards Multiplier. A consumer who uses a card that gives her points or 2 percent cash back will still get that cash back plus Samsung points for every dollar spent. Source: Samsung.

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Samsung Mobile Payments Cards 100

Fintech Labs Insights

SEPTEMBER 5, 2016

is being inundated with apps from Samsung Pay, Apple Pay, CVS Pay, Wells Fargo Wallet, Xiaomi’s Mi Pay, and many others. You might think of Yoyo Wallet as the Venmo of the mobile wallet industry, in that the app has struck a nerve with millennials. The mobile wallet market in the U.S.

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Samsung Mobile Millennials Retail 12

PYMNTS

JUNE 8, 2016

So we really focused our application on how to guide millennials through major financial life events,” explained Doug Brown, FIS’ head of mobile. . “Our skill helps act as an always-available coach for all of life’s needs, not just for the present, but on a go-forward basis.

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PYMNTS

JULY 25, 2018

This means firms with mobile phone ecosystems of their own — namely Google , Apple , Samsung and various Chinese manufacturers — still have the advantage when it comes to the installed base numbers (see chart to the right) and getting their AI products out in front of consumers. Rewards and loyalty schemes are way down on the list.

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