PYMNTS

FEBRUARY 4, 2020

By the end of 2020 four in 10 shoppers worldwide will belong to Gen Z, the consumer group born more or less between 1996 and 2010. A bit younger than their millennial siblings and cousins, they’ve grown up totally mobile, and have idiosyncrasies that make them unique. Flexibility and Choice. Email is the most common means (71.5

Millennials 130

Millennials Fraud Groups Payments 130

PYMNTS

MARCH 30, 2020

Bad actors can attack debit cards in many different ways, from deploying card skimmers in physical point-of-sale (POS) devices to stealing payment credentials as well as hacking online databases to make off with sensitive card information. Around The Next-Gen Debit World. Deep Dive: How Card Networks Must Compete For Merchants’ Debit Routing.

Cards 165

Cards Security cryptocurrency Payments 165

Accenture

APRIL 26, 2017

For years, we’ve heard people proclaiming the demise of the bricks-and-mortar bank branch, supposedly swept away by customers’ mass-migration to online and—increasingly—mobile alternatives. But as our latest UK banking consumer survey— Beyond Banking —confirms, there’s still plenty of life in the bank branch.

Millennials 327

Millennials social media Innovation Study 327

PYMNTS

JUNE 7, 2019

Forget millennials, that consumer segment that is blamed for the downfall of most everything while also being the target of many innovative efforts. There are signs of an emerging mini-genre online that gives advice on what single people should buy at that warehouse store – which, of course, sells items in bulk. It takes place on Nov.

Retail 133

Retail Millennials Online Innovation 133

PYMNTS

JUNE 15, 2019

What Expedia’s study actually says is that those consumers born after 2010 “may be young, but their ideas and opinions and are already influencing family travel decisions.”. Millennials and The Magic of Mircocations. OK, that’s a slight exaggeration. Another 60 percent of respondents say travel ideas come from both children and adults.

Millennials 179

Millennials Hawaii social media Report 179

PYMNTS

SEPTEMBER 12, 2016

First and foremost, according to the study, millennials will be firmly in the driver’s seat by 2020 and making most of the retail decisions. In contrast, about 80 million millennials will be in their mid-to-late 30s by 2020 and still in the prime of their retail buying years. Retail shopping space in the U.S.

Retail 100

Retail Millennials Study social media 100

PYMNTS

SEPTEMBER 18, 2018

At the peak of the crisis, the delinquency rate was 10 percent in 2010, as underwater mortgages and foreclosures hit the headlines. Now, tighter standards in the wake of Dodd-Frank’s 2010 passage helped get that down to about 4.3 Mortgages and Credit Cards and Student Debt…. Mortgages ? trillion at the peak of the financial crisis.

Lending 148

Lending Innovation Fintech Cards 148

PYMNTS

DECEMBER 28, 2018

consumers owe roughly 26 percent of their annual income to debt, up from 22 percent in 2010. These secretly vulnerable consumers, Webster noted, often use debt to make ends meet, either on credit cards or through alternative vehicles like online lenders. According to the Federal Reserve , U.S. That amounts to $13.2 trillion, up 18.5

Millennials 145

Millennials Lending Data System 145

PYMNTS

MARCH 2, 2020

percent fall in sales in November and December when online sales rose by 2.6 People now research online and then go to the store to buy,” he said. 2019 had the slowest rate of spending growth since 2010, largely driven by Brexit uncertainty. Despite this, online sales continued to grow, reaching 21% of total sales.

Retail 132

Retail Marketing US Connecticut 132

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. Online shopping grew 19.1 But that’s not all.

Retail 156

Retail Trends Course Online 156

PYMNTS

AUGUST 27, 2018

Quarterly write-offs of bad credit card debt hit their high at nearly $19 billion in the first quarter of 2010 and fell to $5 billion in 2015. Move over millennials — there is a new generation of cool kids rising and getting ready to dominate shopping. But in the last three years, they have gone up to more than $8 billion.

Data 103

Data Cards Millennials Groups 103

PYMNTS

NOVEMBER 20, 2019

They also deliver more seamless experiences that consumers — and millennials in particular — have come to expect. healthcare market saw a rise in high-deductible plans following the 2010 passage of the Affordable Care Act (ACA), shifting a greater share of out-of-pocket payments, such as deductibles and co-pays, onto patients.

Payments 111

Payments System Cards Marketing 111

PYMNTS

FEBRUARY 16, 2018

It was, by all accounts, a good year — pushed by a strengthening economy, a warming eCommerce market and and an emerging generation of millennial homeowners suddenly in need of do-it-yourself home improvement supplies. According to their CEO, it’s smart to strike while the iron is hot: The retailer is coming off eight years of expansion.

Retail 101

Retail Training Atlanta Marketing 101

NCR

OCTOBER 25, 2017

The impact of mobile on self-service and online. The study found more than four out of ten consumers (41 percent) now use mobile banking, compared with just seven percent in 2010. Younger consumers are even more enthusiastic adopters of the technology, with 69 percent of millennials using a smartphone or tablet for banking activities.

Mobile 45

Mobile ATM Study Online 45

NCR

NOVEMBER 6, 2017

Banks have spent a lot of time in the last few years trying to attract the attention of affluent millennial consumers – those born between the early 80s and mid-90s, who are currently an immensely attractive segment for financial institutions. Don’t mix them up with millennials. Branches still a key channel.

Millennials 73

Millennials Study Groups Mobile 73

Independent Banker

FEBRUARY 24, 2016

The quickness with which these Wall Street-driven nonbank lenders—variously called peer-to-peer, online marketplace or financial technology (FinTech) lenders—can fulfill borrowers’ requests has enabled alternative lending to double every year since 2010.

Community Bank 70

Community Bank Community Lending FDIC 70

PYMNTS

JANUARY 30, 2018

The new program, first launched in 2010, was a digital-only offer for customers with low-balance checking accounts. It’s a lesson that he believes banks will have to learn as well – because their customers are getting better offers from institutions that are also FDIC-insured, and that also offer a full suite of financial services online.

America 109

America Maryland FDIC Millennials 109

PYMNTS

MARCH 23, 2018

Millennials across America singing “I’m a Toys R Us kid” in as solemn a fashion as possible this week are a testament to that. The company did register for an initial public offering (IPO) in 2010, but the market stalled and sales continued to decline, leading the chain to withdraw its IPO registration in 2013. Nails in the Coffin.

US 122

US Industry Washington Company 122

PYMNTS

JULY 23, 2018

Or are the 27 percent of the population — those high-income Bridge Millennials and Gen X-ers with college degrees who are steps away from financial catastrophe — happy, even if they do report feeling more positive about the stability of their financial situation than they did this time a year ago? Are the more than a third of U.S. Today, U.S.

Cards 122

Cards Groups Report US 122

CB Insights

SEPTEMBER 4, 2019

Popular media coverage of millennials often fixates on the industries the generation is allegedly killing and their supposed fiscal irresponsibility. Some industries benefiting from millennials’ increased spending power, such as travel, reflect well-worn Gen Y tropes like the general preference for “experiences” over things.

Millennials 78

Millennials Industry Branding social media 78

Banking 2020

FEBRUARY 25, 2015

Ok, so that just qualifies as a novelty item, but it’s part of a larger report from the British Bankers’ Association that focuses on the growing phenomenon of online banking among older consumers. The first Baby Boomer turned 65 more than four years ago; today, according to a 2010 U.S. The research shows that 2.3 Consider the numbers.

Online 40

Online Millennials Video Technology 40

MyBankTracker

JULY 21, 2020

The Foreign Account Tax Compliance Act , which became an American law in 2010, has hurt Americans expats overseas because foreign financial institutions were suddenly obliged to directly report to the IRS on assets held by Americans. Smart Investments for Millennials to Make This Year. Once you have a U.S. What Are Futures?

Taxes 52

Taxes United States America Course 52

PYMNTS

OCTOBER 1, 2020

Millennials and Generation Z consumers are embracing buy now, pay later (BNPL) plans as a way to responsibly purchase items without incurring fees or debt in the process. In fact, 93 percent of millennial BNPL app users have not been subjected to late fees. Afterpay retailers are listed in an online directory that its 8.4

Millennials 210

Millennials Retail Maine Payments 210

NCR

JUNE 14, 2016

Teach Children to Save Day, which occurred on April 29, 2016, continues to be one of S&T Bank’s top community priorities since 2010. For example, in May 2016, S&T Bank encouraged our customers to go paperless by opting in for Online Loan Statements.

Pennsylvania 40

Pennsylvania Community Regional Indiana 40

Gonzobanker

DECEMBER 20, 2019

The workplace a millennial will most confuse with Silicon Valley – Live Oak Bank in North Carolina. Chime is a category killer in new digital accounts opened, but it’s still not clear how small online payment accounts and debit interchange will create a future earnings. Might be time to. New-Group-for-Stereotypes-and-Buzzwords.

Idaho 148

Idaho Conference Data Marketing 148

Tefkin

JUNE 3, 2014

It is limiting to define these businesses as just online, their capacity to craft a digital experience in line with the expectations of the younger generations is unmatched by traditional financial services players. How many financial services company will follow Merril Lynch and name a director of financial gerontology ?

Industry 42

Industry Management Innovation Analysis 42

CB Insights

OCTOBER 6, 2017

To put these numbers into perspective, estimates are that over a few years the Great Recession of 2007 – 2010 destroyed 8.7 As more people shop for products online, there is greater pressure on order fulfillment centers to ship items on time. As consumers shift online, skills transfer may not follow a similar pattern for employees.

Software 69

Software Industry Retail United States 69

CB Insights

JULY 20, 2017

The beauty and grooming segment is expanding rapidly as startups experiment with new product formulations, new distribution methods, and new strategies for online and offline consumer engagement. We do note that several startups that launched as D2C and online-only, went on to form partnerships with retailers and even launch their own salons.

Trends 28

Trends Branding social media San Francisco 28

PYMNTS

DECEMBER 11, 2017

That might not be a crazy assumption: Reports from Nielsen reveal that television viewership by that demographic has declined more than 40 percent since 2010 and is off 11 percent year over year for the older half of millennials aged 25 to 34. million visits, represent the seventh most-trafficked online retailer, ahead of Macy’s.

Millennials 109

Millennials Video Maine Operations 109

CB Insights

MARCH 2, 2018

They also know how successful a retailer can be if it builds a leading e-commerce presence and brings a country into online retail. Those users combined to spend $18.38B on online retail from Sept ‘16 – Sept ‘17. Research from Morgan Stanley projects the online retail market will explode from $15B in 2016 to $200B in 2026.

Regional 68

Regional Retail Marketing Online 68

PYMNTS

JANUARY 7, 2019

For bridge millennials, those consumers between the ages of 30 and 40 who are the first generation of connected consumers with spending power, those percentages are even higher: 31 percent own a voice-activated device, 55 percent of whom used it to make a commerce purchase in the week we asked them to report on their purchasing experiences.

Mobile 205

Mobile Innovation Apple Study 205

Fintech Labs Insights

FEBRUARY 23, 2017

Interest rates are projected to rise for the second time, millennials are starting to buy their first homes, and investors are looking to diversify out of the volatile stock market. Mortgagebot (acquired by D+H in 2011) ( FF 2010 demo ). These online lenders facilitate the mortgage application process and service the loan. .”

Fintech 28

Fintech Lending Regulation Millennials 28