PYMNTS

OCTOBER 16, 2020

In today’s top payments news around the world, India’s pay-later app Slice is introducing a no-fee Visa Card, while Stripe is purchasing payment processor Paystack. Slice Integrates No-Fee Visa For Millennial Shoppers In India. Plus, London’s FinTech space has been going strong in 2020 despite the pandemic.

Millennials 131

Millennials Payments Cards Fintech 131

PYMNTS

JANUARY 10, 2017

Membership-only warehouse club Costco rounded out 2016 with a bang. Both millennials and Gen Z shoppers, no longer tagging along with mom, have been popping into stores to get their own membership cards. As a result, according to Costco executives, the average age of the card-carrying member has dropped by at least two years.

Millennials 100

Millennials Washington Regional Cards 100

PYMNTS

DECEMBER 29, 2016

PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of …” eBook. Payments 2016: The Year Of “Hesitation”. I’ve got more digital wallets than credit cards. Initiative vs. the reality rollout.

Payments 108

Payments eBook Industry Cards 108

PYMNTS

JUNE 22, 2020

“Post-2009, millennials demonstrated a clear aversion to financial risk, especially for lifestyle purchases, resulting in a tangible shift away from credit cards. Consumers are reaching for their debit cards and avoiding expensive credit card interest and fees,” Molnar said. Retail Response Requested.

Millennials 151

Millennials Cards Examples Retail 151

PYMNTS

JUNE 17, 2016

Millennials in China make the vast majority of the mobile payments taking place, eMarketer reported on Thursday (June 16). million users in 2016. Mobile device users ages 21–29 and 30–39 are leading the charge in the country’s mobile payments adoption. percent annually to reach 195.3 In comparison, the U.S. can claim only about 37.5

Millennials 100

Millennials Mobile Payments Marketing 100

PYMNTS

NOVEMBER 6, 2019

Venmo has also been adding features to differentiate itself, such as rolling out a cash-back rewards program for its Venmo Mastercard debit card at certain retailers, as announced in a press release. Square also offers small business loans and has a Visa debit card linked to the app, which lets users treat it like a bank account.

Millennials 107

Millennials Payments Cards Survey 107

FICO

JUNE 22, 2016

Last year Millennials surpassed Baby Boomers as the largest generation in the U.S. ( Pew Research, 2016 ). Millennials (those born between 1997-1981) now number 75.4 Yes, I’d like a Credit Card. Indeed, FICO’s research shows that just 64% of Millennials 18-24 have credit cards. Segmentation.

Millennials 67

Millennials eBook Analytics Cards 67

PYMNTS

JULY 28, 2016

Credit cards come in all sorts of flavors, from low interest ones to cards that reward you for shopping or traveling. But while variety is the spice of life, a new survey by Citi finds new credit card shoppers largely care about one thing: the rewards. The survey found only 20 percent of survey respondents use a digital wallet.

Cards 100

Cards Survey Millennials Study 100

PYMNTS

SEPTEMBER 22, 2016

We take a look at some of the mobile news in 2016 to see what the holiday season and 2017 may have in store. 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). Perhaps, if doing so is convenient and hassle-free.

Mobile 100

Mobile Video Millennials Payments 100

PYMNTS

JUNE 18, 2016

This year shoppers are expected to spend a hair under $2 billion on cards and clothes for Dad, and around $1.7 The important thing to watch, notes the NRF, is that spending is growing, and in 2016 has reached its high level since the NRF began tabulating Father’s Day spending 13 years ago. billion consumer electronics.

Millennials 100

Millennials social media Data Report 100

PYMNTS

MARCH 2, 2018

Millennials are apparently reporting losing money to fraud more often than seniors. But when seniors do become financial victims, they typically take a bigger hit than millennials do, the Federal Trade Commission (FTC) said in a press release. And tax fraud was the second most common type of identity theft reported by consumers.

Millennials 138

Millennials Fraud Taxes Report 138

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

SEPTEMBER 21, 2018

billion on candy and $400 million on greeting cards. With 179 million Americans planning to celebrate, up from 171 million the year before, sales were projected to surpass those of 2016. percent from 2016. percent from 2016. compared to 2016’s $82.93. In addition, consumers are planning to spend $2.6

National 126

National Retail Millennials Survey 126

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 20, 2017

In earnings results posted Wednesday, American Express said that its first quarter of 2017 marked a strong start to the year, driven by stronger card spend by consumers. percent, when, in the 2016 period, sales included the Costco portfolio. million new cards globally. Earnings per share came in at $1.34 versus the $1.28

Cards 101

Cards social media Millennials Marketing 101

PYMNTS

FEBRUARY 7, 2020

It chiefly attracts millennials interested in trading stocks and cryptocurrency. In the United States, by 2016, it grew to 1 million subscribers and 6 million by October 2018. 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

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

FEBRUARY 14, 2020

That didn’t mean the process wasn’t incredibly stressful, he noted, because in 2016, the buy now, pay later (BNPL) concept Afterpay was selling was still very new, and the millennial demographic the firm was anticipating to carry it forward weren’t quite into their significant spending years yet.

Millennials 159

Millennials Retail Management US 159

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.

Survey 115

Survey Mobile Millennials Cards 115

PYMNTS

FEBRUARY 28, 2020

This could mean receiving funds onto payroll cards or mobile apps, as both technologies free them from having to cash checks or wait for money to appear in their bank accounts. . That means deciding whether to have some or all of their funds delivered by direct deposit, paper check or payroll card. ADP surveyed 500 U.S.

Cards 130

Cards Meeting Resources Capital 130

PYMNTS

NOVEMBER 30, 2017

was raised in 2016 from £20 to £30, the overall volume of contactless payments tripled. As of 2016, total banknotes in circulation grew by 10 percent to reach £70 billion — the fastest growth in a decade, according to the Bank of England (BoE). in 2016, according to BoE’s data. As of 2016, some 3.7 continues to climb.

ATM 165

ATM Payments Analysis Cards 165

PYMNTS

JANUARY 8, 2019

By 2016, Chime was in the market with the full suite of features that digital banks offer today. 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. ”

Digital Banking 160

Digital Banking Tools Cards Millennials 160

PYMNTS

SEPTEMBER 4, 2017

The credit card company’s annual Digital Payments report, released Friday (Sept. say they have used contactless card technology to make a payment since the technology was first launched in September 2007. card payments made in June of 2017 were contactless, researchers noted. More than a third of U.K. More than a third of U.K.

Payments 135

Payments Survey Cards Mobile 135

PYMNTS

OCTOBER 16, 2019

Today in the payment’s news roundup, Goldman Sachs CEO David Solomon said there has been a lot of demand for Apple Card as of its launch in August. Goldman CEO Boasts Of High Apple Card Demand. Goldman Sachs CEO David Solomon noted that there has been a lot of demand for Apple Card as of its launch in August.

Apple 108

Apple Cards San Francisco Payments 108

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 12, 2019

“We’ll still have existing revenue streams, and, in addition, we’ll add revenue from interchange on debit card transactions. The cash management feature is offered in partnership with a bank, and has debit cards, as well as deposits backed by the Federal Deposit Insurance Corporation (FDIC). stocks, exchange-traded funds and options.

FDIC 135

FDIC Millennials Management Fintech 135

PYMNTS

JANUARY 24, 2018

percent between 2016 and 2021. percent from 2016 to 2021. Approximately 80 percent of Brazilian households have a payment card, which is used for 30 percent of household purchases. The value of cash-based transactions made in the Americas in 2016 is valued at approximately $3.02 In the U.S., cash usage grew by 4.7

America 122

America ATM New Jersey Millennials 122

FICO

APRIL 4, 2017

Our fascination with millennials and their like or dislike of credit continues to occupy its fair share of column inches – so much so that a while back I decided to take a look for myself. The real value of balances between 2005 and 2016 are both down by about 19% when compared to the overall movement in the retail price index.

Millennials 63

Millennials US Lending Groups 63

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. Finance’s Head of Cards, Richard Koch, commented on these findings and shared future projections for this trend.

Payments 143

Payments Apple Cards Online 143

PYMNTS

AUGUST 23, 2019

The Chicago-based company revealed that CFO Michael Randolfi, who has been with the company since 2016, is resigning, effective Friday (Aug. A study by eMarketer shows that most people, especially millennials , prefer to chat or message instead of calling on the phone. Groupon’s chief financial officer has stepped down.

Chicago 145

Chicago Millennials Tools Study 145

PYMNTS

MAY 4, 2020

The FinTech startup, which works to help millennials get into equities, crypto trading and other options, has benefited from the quarantine’s effects as people stay at home and have time to explore new finance options. Last year, the company announced it had over 10 million users , up from 1 million in 2016.

FDIC 131

FDIC Fintech Millennials Management 131

PYMNTS

APRIL 21, 2016

American Express finally got some good news, overdrafts hit millennials particularly hard, Forter had a big Series C and new parents spent a lot of money shopping online. Billion | The total value of American Express’ top line in Q2 2016, up 2 percent over Q1. So what are the data tidbits everyone should know right now?

Data 100

Data Millennials Online Cards 100

PYMNTS

NOVEMBER 8, 2016

Halfway through 2016 alone, she stated, there had been 974 known data breaches that have affected half a billion people. initiative embraces several of those recommendations, with coverage of some payment methodologies, such as prepaid cards. That is 25 percent of the world’s population.”. Europe’s adoption of the 4.1

Security 186

Security Mobile Course Data 186

PYMNTS

OCTOBER 13, 2020

Shoppers can use Afterpay to buy items in select retail stores using their Afterpay card, a virtual, contactless card stored in their digital wallet,” the firm said in a Tuesday (Oct. Afterpay has announced its in-store buy now, pay later (BNPL) service is being offered by major retailers at locations across the country.

Retail 130

Retail United States Millennials Branding 130

PYMNTS

DECEMBER 22, 2016

PYMNTS.com spoke with Britt in June about how digital banking is appealing to millennial customers. As 2016 wraps up, PYMNTS reconnected with Britt to reflect on the year in banking and look ahead to what 2017 could have in store. The millennial advantage. Doing what the big banks won’t?

Millennials 100

Millennials Digital Banking Mobile Industry 100

PYMNTS

JUNE 22, 2017

As of early 2016, SRIs had spiked a third to $8.72 With every purchase you make through your Aspiration debit card, your score changes,” Cherny said. The Right Tool for Millennial Shoppers? The good news for companies is millennials already understand the role businesses can play in making a difference in the world.

Millennials 117

Millennials Digital Banking Survey Tools 117

PYMNTS

NOVEMBER 10, 2016

The year 2016 has not been an easy one for Target — as its same-store sales have slipped, grocery has been an ongoing problem, and Target finds itself increasingly squeezed from two sides: by an expanding Walmart in the physical world and an ever-growing Amazon online. But starting with things that are pretty and fun?

Course 145

Course Groups Online Trends 145