PYMNTS

FEBRUARY 5, 2020

As Afterpay CTO Akash Garg noted, that confirms something they’ve believed since their launch in 2014: All over the world, consumers – particularly younger consumers – are thinking differently about shopping, and how they want to integrate it into their financial lives. Fighting the Credit Card Fear .

Cards 143

Cards Millennials Regulation United States 143

PYMNTS

JUNE 7, 2017

And digital wallet adoption is growing at a slow but steady rate, with 13 percent of consumers indicating they have used a digital wallet in the last 30 days, up from 11 percent in 2015 and 8 percent in 2014. Fifteen percent of consumers said they had used a digital wallet in the past year.

Survey 115

Survey Mobile Millennials Cards 115

Payments Source

DECEMBER 18, 2017

Loot has been in development since 2014 and has raised a total of more than $7 million thus far.

Millennials 74

Millennials Payments Cards 74

PYMNTS

MAY 25, 2018

Numerous researchers have shown that consumers do not treat medical debt the same as credit or debit card debt, or other forms of outstanding bills. TransUnion found that in 2016 — the most recent data available — almost 75 percent of millennials did not pay their medical bills in full.

Technology 166

Technology Payments Millennials blockchain 166

PYMNTS

DECEMBER 13, 2018

As a result the Robinhood Checking & Savings account earns people 3 percent interest, which it said is the highest rate available in the market, has no fees attached to it and provides access to 75,000 free ATMs, 24 hours a day along with 24/7 customer support and a debit card that can be personalized.

cryptocurrency 145

cryptocurrency Millennials ATM Mobile 145

PYMNTS

NOVEMBER 2, 2020

“ Membership has its privileges ” was the nine-year ad campaign launched by American Express in 1987 to persuade consumers that it was worth it to pay an annual fee for one of its charge card products. As the slogan implied, being an American Express card member was the only way to unlock those benefits. Those are the 47 million U.S.

Millennials 246

Millennials Retail Online Report 246

PYMNTS

JANUARY 8, 2019

King and Britt launched Chime in 2014 to address that underbanked segment. As a pure-play digital bank, Chime offers as its primary product an entirely mobile/digital banking application that gives customers access to a network-branded debit card and a savings account. The firm was valued at $500 million as of its last funding round.

Digital Banking 160

Digital Banking Tools Cards Millennials 160

PYMNTS

JANUARY 14, 2017

The world would be Google-less without Sergey and Larry maxxing out their credit cards to buy more space on servers. In this year’s report, 24 percent of respondents said they had no debt at all, up from 22 percent last year and 14 percent in 2014. About 60 percent of younger millennials think they can wipe out their debt by age 30.

Millennials 100

Millennials Data Cards Google 100

PYMNTS

SEPTEMBER 22, 2016

1,500 : The number of babies claimed by SIDS in 2014. 77% : The proportion of millennials using mobile banking each month. 700 Million : The approximate number of chip cards in circulation in the U.S. 4% : JPMC’s predicted 2014 sales growth for the iPhone.

Millennials 100

Millennials Apple Mobile Fraud 100

PYMNTS

JANUARY 10, 2020

independent sales organizations sold terminals and card processing, mostly to brick-and-mortar merchants. Are Virtual Cards The Future Of B2B Travel Payments? Battle For Millennials. When Alexa was first introduced in November 2014, it didn’t look much like the next big thing in user interfaces. Trackers and Reports .

San Francisco 130

San Francisco Millennials Cards cryptocurrency 130

PYMNTS

OCTOBER 20, 2020

20th) is Apple Pay ’s sixth birthday – a day that finds the digital payment method carrying a bit of the same air of great expectations that came with its launch in 2014. Tuesday (Oct. But, as it turned out, even Apple didn’t have the power to change people’s payments preferences. Study data indicate that 73.1

Apple 133

Apple Payments Study Mobile 133

PYMNTS

APRIL 21, 2016

The research, which surveyed 304 “heavy overdrafters” in 2014, found that they were likely to incur about $35 per incident or over $100 per year in multiple overdraft charges by big banks. These heavy overdrafters were mostly millennials and Gen Xers — two-thirds of whom paid the fee for an overdrawn debit card transaction.

Millennials 100

Millennials Survey New York Groups 100

PYMNTS

MARCH 14, 2016

This option, referred to as a digital “swipe” button, enables shoppers to see a virtual image of their debit, credit or prepaid card on the screen when selecting the digital checkout option. This feature is designed to provide shoppers with a familiar commerce experience, especially when shopping on mobile devices.

Millennials 100

Millennials Mobile Online Innovation 100

PYMNTS

FEBRUARY 18, 2019

This week, I’m compelled to offer a few thoughts that go against the grain on several topics that made the news last week: Amazon’s NY HQ2 , card interchange fees and Facebook ad revenue. own voice-activated speakers, as do more than a third of the 30- to 40-year-old bridge millennials. Card Networks Want to Raise Their Prices.

Cards 169

Cards Course Study Retail 169

PYMNTS

NOVEMBER 8, 2017

Millennials are taking a mobile-first approach to banking, driving that transformation. However, older populations — and even millennials — still need the services provided by bank branches. One such advance has been the ability to transact without swiping a card. Demographics are changing in the U.S.,

ATM 126

ATM Strategy Mobile Millennials 126

PYMNTS

NOVEMBER 20, 2019

They also deliver more seamless experiences that consumers — and millennials in particular — have come to expect. trillion in 2018, an increase of 80 percent from 2014. . The following Deep Dive highlights how real-time payments can disrupt and improve the healthcare industry. . A Prescription For More Efficient Payouts.

Payments 111

Payments System Cards Marketing 111

PYMNTS

MAY 2, 2017

And now it seems credit cards are coming to the party — Capital One, Synchrony and Discover Financial have all increased their loan-loss provisions and reported increasing delinquencies. Card Weakness. Millennials currently are responsible for $1.1 So is it time to worry? trillion of $3.6 trillion in U.S.

Millennials 103

Millennials Capital Lending Cards 103

PYMNTS

SEPTEMBER 20, 2016

Ellison’s bot was named Oracle Mobile Procurement — not the snazziest of names — and showed how one could place an order for new business cards. The bot noticed that Ellison’s title changed and asked if the updated title should be printed on the cards. Speaking of address.

San Francisco 100

San Francisco Michigan Samsung Millennials 100

PYMNTS

AUGUST 31, 2018

According to TheKnot.com , 92 percent of engaged couples used mobile devices to plan their weddings in 2017, compared to 42 percent in 2014. percent between 2014 and 2017 — some of that no doubt the result of online competitors to longstanding retailers and department stores. Online Advantages. The Amazon pitch?

Online 100

Online Retail Seattle Industry 100

Independent Banker

AUGUST 9, 2016

Statistics are especially compelling for those trying to attract and maintain the millennial segment. As a group, millennials switch from their primary bank at a pace nearly double the average of other age groups, and they point to high fees and poor loyalty programs as the top reasons why they are dissatisfied with their banks (3).

Community 70

Community Millennials Community Bank America 70

Fintech Labs Insights

MARCH 7, 2017

Offering debit card functionality will not only drive users to the app, it will also lead to a new revenue stream from interchange fees. The company’s founders George Friedman and Erik Akterin plan to “rewrite the rules of retail banking” by helping millennials “translate money into happiness.”

Cards 18

Cards Millennials User Experience New York 18

PYMNTS

SEPTEMBER 22, 2016

And, according to Pew Research, millennials are the group most concerned about running out of data (and the group most likely to use a mobile phone for payments). But the Dunkin’ Donuts app is more likely to be used by non-millennials, which could round out app usage across generations, because who doesn’t run on Dunkin’?

Mobile 100

Mobile Video Millennials Payments 100

PYMNTS

JULY 23, 2018

Median household income, which had dropped to $58,829 in June 2011, has consistently increased since the summer of 2014. And that’s not a “Geez, I forgot to pay the credit card bill since I was away for a week” late paying the bills situation. Only 4 percent of Shut Outs report having a credit card. Fewer than 7 percent (6.8

Cards 122

Cards Groups Report US 122

PYMNTS

APRIL 27, 2016

adults still prefer to use cash for purchases under $5, while 22 percent use debit cards and 11 percent use credit cards. Which age group is most likely to use a credit card for these small transactions? That would be millennials, ages 18–29, with 64 percent saying they prefer to use cards even for transactions under $5.

Taxes 100

Taxes Colorado Alaska Cards 100

PYMNTS

JANUARY 10, 2018

When Mastercard launched the Start Path accelerator program in 2014, the goal – according to VP and senior business leader, Amy Neale – was to make it easier for emerging companies to enter “our world” through a combination of operational support, commercial access and some strategic funding.

Company 194

Company Meeting Millennials blockchain 194

PYMNTS

JULY 30, 2019

Millennials and members of Generation Z are particularly comfortable with voice-activated devices , with 25 percent of consumers aged 16 to 24 using smartphone-based voice assistants such as Siri or Cortana. Bensen processes each request, learns customers’ favorite orders and charges the appropriate card registered with Amazon or Google.

Technology 119

Technology Mobile Google Software 119

Perficient

MAY 17, 2022

Total outstanding debt in the sector grew by $84bn to $1.46tn, outpacing the increase seen in student and credit card debts combined.” million vehicles from the average of 17 million vehicles each year since 2014. Delinquency rates are rising to levels not seen since the Great Recession, especially among Millennials and Gen Z.

Strategy 294

Strategy Customer Experience Study Technology 294

Banking 2020

JANUARY 15, 2015

The retail banking industry has seen major changes occurring in the industry over the last few years with the adoption of mobile banking, the rise to prominence of the millennial demographic, narrowing margins, stagnant top line revenues, the future of the branch and continued regulatory changes. Digital Banking. Cyber vulnerabilities.

Retail 40

Retail Trends Millennials Mobile 40

PYMNTS

JUNE 1, 2017

Millennials and Generation Y have grown up with cybercrime, the executive stated, and parents must have “another type of talk” with their kids: the online safety and security talk, as Volmar termed it. For businesses, 2014 was “the wakeup call” and a “banner year for internet crime.”

Payments 110

Payments System Software Mobile 110

Fintech Labs Insights

JANUARY 15, 2016

Available only via mobile app, imaginBank is a new initiative by Spanish bank, Caixabank targeting millennials. imaginBank provides customers with a complete array of financial services such as a commission-free current account, a Visa imaginBank debit card, and PFM tools, as well as up-to-date mobile and P2P payment technology.

Millennials 12

Millennials Mobile social media ATM 12

NCR

MARCH 31, 2017

The research was based on figures showing a decline in cash use in the UK between 2004 and 2014, from 71 percent to 53 percent of transactions. According to the latest data from the UK Cards Association, consumers spent £647 billion ($799 billion) on cards in 2016. The decline of cash. billion the previous year.

Millennials 40

Millennials Trends Survey Comparison 40

PYMNTS

DECEMBER 21, 2020

Just as many boomers have made the digital shift as millennials, and as many of those living in big cities and towns have made the shift as those living in less populated areas. Contactless cards are regarded as decision-drivers for shopping in a physical store 7.5 And therein lies the rub. And the Pays still haven’t. 25-31, 2020.

Apple 227

Apple Study Innovation Survey 227

Filene

MARCH 3, 2016

Millennials are more educated, more ethnically diverse, more optimistic, and more economically active than preceding generations and are set to leave a lasting imprint on American history: By 2025 three out of every four workers globally will be Millennials. The Solution.

Millennials 28

Millennials social media Study Washington 28

Long Lasting Ideas

JANUARY 5, 2015

A recent article in the Wall Street Journal states that the average Class of 2014 graduate with student-loan debt has to pay back some $33,000. A whopping 63 percent of millennials (ages 18 to 29) don’t have a credit card, according to a survey commissioned by Bankrate and compiled by Princeton Survey Research Associates International.

Marketing 40

Marketing Millennials Community Bank social media 40

Independent Banker

OCTOBER 29, 2014

A consensus says that the future banking customer relationships—particularly for millennial consumers—will orbit to one degree or another around mobile technology. Consumers still overwhelmingly rely on credit and debit cards and cash for payments and will for some time, even if a chip on the smartphone replaces plastic cards.

Mobile 105

Mobile Community Bank Community Technology 105

CB Insights

OCTOBER 10, 2018

The core product is a digital-first app that tracks spending from a linked card issued by either MasterCard or Visa. Additional services range from checking accounts, savings accounts, direct and cash deposits, peer-to-peer transfers, and pre-paid or top-off cards that can be accessed digitally. Millennials.

Retail 78

Retail Cards Millennials Mobile 78

PYMNTS

APRIL 13, 2018

Those oil and gas industry defaults, Moody’s noted, were explicable given the ongoing slump in crude prices since mid-2014. Bye-bye, sig: No signatures on debit/credit card transactions via Mastercard as of today, April 13, removing a pro forma that no one was really doing or looking at anyway.

Retail 116

Retail Course Washington Marketing 116