PYMNTS

AUGUST 11, 2016

A proposition back in 2011 to close a loophole that enables drug cartels to move large sums of money across boarders using prepaid cards has been delayed but is not dead. The proposed rule called for money stored on prepaid cards to count toward the requirement on the part of the U.S. According to a report by Reuters , the U.S.

Cards 100

Cards Millennials Industry Tools 100

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.

Millennials 77

Millennials Mobile Lending Cards 77

PYMNTS

APRIL 9, 2020

percent in 2015 and 89.8 billion in sales in 2015 — a number that had grown to almost $47 billion by 2019 — the report states that “… sales projections are expected to climb modestly to $52.7 Et tu , Millennials? The mobile wallet can now be used on 92.8 percent of all iPhones in the U.S, up from 39.3 percent in 2019.

Mobile 140

Mobile Apple Cards Millennials 140

PYMNTS

SEPTEMBER 23, 2016

Americans are carrying more debt than ever before and paying some of the highest credit card rates every recorded, according to new data. The national average annual percentage rate (APR) for credit card debt is 15.22 percent, according to CreditCards.com’s weekly Credit Card Rate Report. Credit card balances rose 3.4

Cards 100

Cards Report National Millennials 100

PYMNTS

FEBRUARY 7, 2020

The broad consumer appeal of free trading compelled the 2015 launch of Robinhood. It chiefly attracts millennials interested in trading stocks and cryptocurrency. We’ll still have existing revenue streams, and, in addition, we’ll add revenue from interchange on debit card transactions.

United States 150

United States FDIC Millennials cryptocurrency 150

PYMNTS

JUNE 7, 2017

According to a press release , the percentage of consumers using mobile pay rose significantly from late 2015 to late 2016, growing from 22 percent to 28 percent. Among mobile banking users, 41 percent used the service to pay bills in the past 30 days. Fifteen percent of consumers said they had used a digital wallet in the past year.

Survey 115

Survey Mobile Millennials Cards 115

PYMNTS

MAY 26, 2017

Small businesses that ignore next-generation payments technologies like invisible payments or cryptocurrencies are losing out big time, but new research suggests that tens of thousands of dollars are lost by SMEs because they aren’t even accepting cards. Analysis from Expert Market found that some small businesses in the U.K.

Report 140

Report Cards Millennials cryptocurrency 140

PYMNTS

AUGUST 9, 2017

Green Dot Corp released earnings on Tuesday that topped analyst expectations, with 55 cents a share reported, versus estimates of 40 cents a share, as organic growth and card counts both showed momentum in the period. Streit also said the company has entered an agreement to acquire a small tuck in secured credit card portfolio. .

Cards 100

Cards Apple Taxes Millennials 100

Payments Source

SEPTEMBER 6, 2017

s credit cards and failing to renew its partnership with JetBlue Airways Corp. in 2015, Amex has worked to increase spending on its existing co-brand arrangements. After losing a bidding war to issue Costco Wholesale Corp.’s

Millennials 60

Millennials Cards Branding Payments 60

PYMNTS

NOVEMBER 11, 2016

The army of Snapbots are debit card- and credit card-compatible, ready for a new type of Snapchat customer to fork over their payment. It’s not just millennials and post-millennials using a free service any longer. Snapchat may just get the best of both worlds. First and foremost, they’re not redundant.

Millennials 143

Millennials Video Retail Regional 143

PYMNTS

DECEMBER 9, 2019

Cards over cash – specifically, debit cards over cash. And debit card transactions, the report notes, have become the most widely used payment method , ahead of cash, at least as measured by value. consumers surveyed made more than half their payments with cards, at 54 percent of payments or 24 transactions.

Study 140

Study Payments Cards Survey 140

PYMNTS

DECEMBER 19, 2019

India is still largely cash-based and its adoption of credit cards is low — just 3 percent of the population uses an alternative to physical money. ZestMoney was founded in 2015 by Chapman, Priya Sharma and Ashish Anantharaman in 2015. ZestMoney was founded in 2015 by Chapman, Priya Sharma and Ashish Anantharaman in 2015.

Fintech 130

Fintech Millennials Online Lending 130

PYMNTS

OCTOBER 1, 2019

Fraud has become particularly problematic in the United Kingdom, where last year card-based losses increased by 19 percent compared to the previous year. A report by Lloyds Bank noted that the share of millennial consumers who fall victim to scams increased by 400 percent in the past year, even though overall fraud incidents declined.

Fraud 156

Fraud Millennials Regulation Trends 156

PYMNTS

JULY 25, 2019

Consumers may still champion cash as their preferred method of payment, but its use declined 3 percent as measured between 2015 and 2018. Other options, such as credit cards and payment apps like Venmo , are increasingly gaining traction. That’s especially true among younger users such as millennials.

Payments 189

Payments Innovation Examples Cards 189

Gonzobanker

DECEMBER 22, 2015

Well, what do we say about 2015? And, give or take a stumble or two, we snuck through it and did a reasonable job on 2015 objectives, in our humble opinion. So, it seems we’re good with only one outstanding item—digest the 2015 GonzoBanker Awards! 2015 Executive Call-out. ” – Tom Armstrong. And the winners are ….

Community Bank 60

Community Bank Apple Community Technology 60

PYMNTS

SEPTEMBER 6, 2017

percent increase in travel spend among corporations each year between 2015 and the end of the decade. Chung told PYMNTS why the consumer credit card industry is a huge factor in getting companies to spend more on travel, and how companies can shift from blindly paying for employee travel to being more strategic about spending.

How To 130

How To Cards Industry Trends 130

Chris Skinner

FEBRUARY 3, 2017

As Antony Jenkins, former CEO of Barclays, aptly put it in a 2015 speech: “Over the next 10 years, we will see a number of very significant disruptions in financial services, let’s call them Uber moments” … Some analysts believe Fintech disruption could take as much as 10% to 40% of bank revenue and eliminate 1.7

Innovation 150

Innovation Millennials ATM Data 150

PYMNTS

OCTOBER 31, 2016

Disappointed millennials rejected by credit card companies. Millennials — Once Rejected, Twice Shy. Millennials’ “take it or leave it” attitude toward credit has been well documented over the last several years. Because there was lots of disappointment to go around last week.

Data 100

Data Millennials Chicago Lending 100

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. That is a big drop from the 2015 report that indicated that 21 percent of consumers thought they were going to leave their descendants nothing but debt. And using credit wisely, it seems, is on the uptick.

Millennials 100

Millennials Data Cards Google 100

PYMNTS

NOVEMBER 30, 2017

Initially, when contactless payments were introduced, consumers used them in place of traditional debit or credit cards rather than cash, Cleland said. Alternate payments methods might be gaining popularity among millennials in the U.K., percent increase over 2015, Cleland said. Where cash is headed. As of 2016, some 3.7

ATM 165

ATM Payments Analysis Cards 165

Abrigo

OCTOBER 15, 2014

Offering convenient ways to bank can be an appealing option to draw in those new customers, particularly for the millennial generation. The customer then links the app – which will house their financial information such as their credit card number they wish to use – to their Twitter account.

social media 150

social media Apple United States Innovation 150

PYMNTS

AUGUST 27, 2018

Credit card debt made it over the $1 trillion mark in 2017, making it the third non-mortgage lending category to have surpassed the ten-digit mark in measuring consumer debt. According to the Financial Times , the good news is that delinquent credit card debt, overall, remains low. In fact, at 3.4 And finally for some good news.

Data 103

Data Cards Millennials Groups 103

PYMNTS

MAY 10, 2017

posted results Tuesday night that blew past Street estimates, boosted by strength in its card and tax refund-focused business lines. Streit also highlighted the direct to consumer business, which offers bank accounts and prepaid cards, driven in part by online activity. Green Dot Corp.

Taxes 100

Taxes Cards Trends Millennials 100

PYMNTS

JANUARY 24, 2018

percent per year between 2000 and 2015. Approximately 80 percent of Brazilian households have a payment card, which is used for 30 percent of household purchases. The service, he noted, could be especially appealing to tech-savvy millennials. Other key findings in the Global Cash Index: Americas Edition. In the U.S.,

America 122

America ATM New Jersey Millennials 122

CB Insights

JULY 25, 2019

Fintech is often associated with digital tools targeted at tech-savvy millennials. They make up close to 25% of the total US population and are by far the wealthiest generation — and will continue to be so until at least 2030, according to a 2015 Deloitte study. . get the REPORT on next generation investors. Source: Deloitte.

Millennials 73

Millennials Fintech Tools Fraud 73

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

MARCH 1, 2017

GhostBed customers are now presented with two Klarna financing options at checkout along with the ability to purchase using their existing credit or debit card. in September 2015, and since then, Billingsley said the company has experienced many learning opportunities as it continues to expand within the market.

Customer Experience 100

Customer Experience Millennials Branding Cards 100

PYMNTS

MARCH 5, 2017

Americans have more payment options than ever before, from the digital payment info stored in mobile wallets to credit and debit cards in their physical wallets. percent in 2015. The report found that 32 percent of transactions used cash in 2015 and that demand for cash remains strong in the United States.

Technology 100

Technology San Francisco Analysis United States 100

PYMNTS

MAY 28, 2019

The company integrated GO-PAY into the GO-JEK app, which lets customers store money on their mobile phones, much like a digital debit card. billion – of funds were lost to card fraud in 2018, up from $1.4 percent – is the total compound annual growth rate (CAGR) of the mobile payment transaction market from 2015 to 2020.

Apple 159

Apple Mobile Fraud United States 159

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.

Millennials 40

Millennials Survey Mobile Payments 40

PYMNTS

AUGUST 18, 2017

In Australia, cash and card-based payments have long been playing tug-of-war. In 2017, however, the balance seems to be tilting away from cash with contactless card-based payments powering close to a third of POS transactions. So, is this the beginning of the end for cash Down Under? As it turns out, not really. About the Index.

Report 100

Report ATM Analysis Cards 100

PYMNTS

APRIL 11, 2017

There’s little doubt that the home share sector is beginning to boom globally among business travelers, with millennials adopting the practice at a greater rate than their older counterparts (as millennials are wont to do). To date, the company reports renting out over 115,000 room nights from more than 800 corporate clients.

Millennials 100

Millennials Regional Marketing Report 100

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 consumers showed that of the 7.75 percent of all retail sales.

Apple 227

Apple Study Innovation Survey 227

PYMNTS

MARCH 28, 2017

He also strongly advised that people take out as many credit cards as they could and marry someone with good credit before officially telling the Federal Department of Education (DoE) to get lost. billion — a 14 percent increase from 2015. Millennial Troubles. The average debt per millennial is estimated at $25,000 a person.

Millennials 100

Millennials Lending Policies United States 100

Independent Banker

AUGUST 9, 2016

According to the 2015 Colloquy Customer Loyalty Census, the average American household maintains memberships in 29 loyalty programs (1). Statistics are especially compelling for those trying to attract and maintain the millennial segment. Customer Loyalty Program Memberships Top 3 Billion For First Time, 2015 COLLOQUY Census Shows.

Community 70

Community Millennials Community Bank America 70

PYMNTS

MAY 2, 2017

billion — a 14 percent increase from 2015. 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?

Millennials 103

Millennials Capital Lending Cards 103

FICO

JUNE 9, 2016

Millennials, now the largest demographic group in America, are possibly the most misunderstood, elusive market ever, a notion underscored by The Wall Street Journal ’s article about the existence of $20,000-per-hour “Millennial consultants.” Millennials reward positive fraud outcomes. In Millennial parlance, that’s “harsh.”.

Millennials 40

Millennials Fraud social media Survey 40