PYMNTS

JULY 15, 2020

Millennial-Banking Apps Are Struggling. Morgan Chase reportedly began telling customers in June 2019 that it was closing Finn , an app designed to reach younger clients. If there isn’t, look for more banks to discontinue their millennial-focused apps. For instance, J.P.

Millennials 166

Millennials ATM Mobile Maine 166

PYMNTS

DECEMBER 14, 2020

Our research shows that just 20 percent of consumers own eReaders in 2020, for example, down from 23 percent in 2019 and 26 percent in 2018. Thirty-three percent of consumers now own voice assistants, in fact, up from 31 percent in 2019 and 27 percent in 2018.

Millennials 278

Millennials Report Examples Groups 278

PYMNTS

MAY 11, 2020

It could be the perfect time for millennials to stop throwing their money away on rent and buy a home — or not. A survey by the Pew Research Center found one-third of millennials have been laid off due to the COVID-19. The hardest hit are the older millennials while the younger ones were hit by the last recession.”.

Millennials 141

Millennials Survey National Regional 141

PYMNTS

APRIL 6, 2019

Because the millennial art buyers are arriving – and what they buy, how they buy it and how they relate to it is very different than prior generations. The Simpsons,” Dolls, Shoes – The Eclectic World of Millennials’ Collections. It wasn’t the only big sale for a KAWS piece that day – a millennial Chinese buyer dropped $2.6

Millennials 148

Millennials Marketing Trends New York 148

PYMNTS

JANUARY 1, 2019

Here’s a 2019 prediction that we guarantee will come true: There will be no human being or business adamantly hoping to be paid slower in 2019 than they were in 2018. We also guarantee that this prediction will hold, regardless of who one is talking about or the use case to which it pertains.

Payments 198

Payments Industry Millennials Groups 198

PYMNTS

DECEMBER 6, 2019

Consumers — especially millennials and Generation Z — are looking for new commerce experiences during the 2019 holiday season. In the inaugural Buy Now, Pay Later Tracker , PYMNTS explores the potential impact that BNPL could have on the retail world, especially during the 2019 holiday season. About The Tracker.

Millennials 219

Millennials Payments Retail Apple 219

PYMNTS

DECEMBER 11, 2018

Give a deep and welcoming hello to the newest form of window shopping — a consumer behavior that will help to shape retail in 2019 and beyond, and a trend that stands as an increasing part of shopping, one that promises to impact brick-and-mortar merchants as they decide how to innovate. percent innovating to improve business analytics.

blockchain 170

blockchain Retail Trends Mobile 170

PYMNTS

DECEMBER 24, 2018

But in hopes of hopping on the holiday bandwagon — and providing data-backed insight in the hottest payment trends for 2019 — allow us to offer this list of a dozen ways that consumers (and some businesses) are paying now, methods that promise to play big roles in 2019. 6: With Person-To-Person Mobile Tech.

Cards 207

Cards Payments Mobile Millennials 207

PYMNTS

DECEMBER 28, 2018

That means that on the brink of 2019, it remains uncertain whether the next year will look more like the best of times or the worst of times when it comes to providing consumers and small businesses (SMBs) with access to financial services — both in and outside the traditional bank-backed channels. The Two Faces Of Consumer Credit.

Millennials 145

Millennials Lending Data System 145

PYMNTS

OCTOBER 8, 2020

Data: $509: Average amount that millennials spent on Black Friday in 2019. 20.2%: Share of shoppers who went to a physical store on Black Friday 2019. 67%: Share of shoppers still concerned about the health risk of returning to pre-pandemic shopping behaviors.

Retail 233

Retail Millennials Data Technology 233

PYMNTS

FEBRUARY 13, 2020

Payment processing was good to financial transaction provider WEX in 2019, as the company reported double-digit growth for the year in its earnings report today. For corporate travel, it has been encouraging partners to focus their offerings on millennials. Millennials will book directly at a rate of 63 percent.

Millennials 150

Millennials Examples Cards Groups 150

PYMNTS

DECEMBER 3, 2019

It is a system that mostly works out for retailers, but for the 12 times in the last 80 years that were like this year (2019), when Thanksgiving fell on the latest possible date it can be in November — the dreaded 28th. According to PYMNTS data, 48 percent of millennials and 54.1 The Sky Is Falling .

Retail 139

Retail Millennials Online Data 139

Bank Innovation

APRIL 19, 2019

based online-only bank, Ally Financial, had 120,000 new deposit customers in the first quarter on 2019, CEO Jeff Brown said on the bank's 1Q earnings call Thursday, bringing the Ally’s total depositor count to 1.77 The Detroit, Mich.-based million — a 20% YoY increase.

Detroit 186

Detroit Millennials Online Capital 186

PYMNTS

AUGUST 25, 2019

Kohl’s is teaming up with the social media giant to uncover emerging brands that millennial shoppers consider cool. In another attempt to reach millennials, Kohl’s partnered with Popsugar to launch a clothing line last September. Kohl’s is following a retail movement to offer curated collections so shoppers can explore new trends.

Millennials 133

Millennials Data social media Branding 133

PYMNTS

DECEMBER 24, 2019

As such, the most popular 2019 holiday gift trends — from an Afterpay point of view — involves a particular type of consumer, one perhaps more interested in fashion and beauty products than other consumer segments. Sneakers used to be functional, but now, they are part of who you are,” he added. That’s not all. Big Brands.

Millennials 139

Millennials Branding Trends Retail 139

PYMNTS

SEPTEMBER 18, 2019

Among the forces working to influence and change retail — and do so into the 2019 holiday shopping season, as well as the 2020s — is the rise of bridge millennials. Having had the time to establish their careers, they enjoy higher spending power than younger millennials, who are just now dipping their toes into the professional world.

Millennials 109

Millennials Retail Study Online 109

PYMNTS

JANUARY 10, 2020

They want convenient booking tools, fast payment methods and secure reservations when planning their trips, and these needs have not changed much as millennials have come of age. Millennials and younger generations are digitally minded and want to interact with brands that can answer their personal requests through online and mobile channels.

Millennials 131

Millennials social media Mobile Payments 131

PYMNTS

JANUARY 8, 2019

The world of 2019 is quickly gearing up to become quite a different place than the year we just left behind. 55 percent: Share of voice-activated speaker-owning bridge millennials who have used their devices to make a purchase in the last week. 73 percent: Share of drivers who connected to the internet during their commutes.

Data 129

Data Pennsylvania Millennials Mobile 129

Gonzobanker

DECEMBER 20, 2019

GonzoBankers, 2019 was a year of extremes. Third, read and enjoy the 2019 edition of the GonzoBanker Awards, our 18 th. Mark Turner, Executive Chairman of the Board, WSFS Bank – We have to give the nod to an early 2019 retirement of Turner, who had one hell of a run in 12 years at the helm of a great community and wealth bank.

Idaho 148

Idaho Conference Data Marketing 148

PYMNTS

NOVEMBER 22, 2019

That fundamental difference in what counts as a best-case scenario has caused millennials to turn away from revolving credit products, Afterpay Co-founder and CEO Anthony Eisen told PYMNTS in a recent conversation. If they happen to forget their bill for a day or two, and end up paying a late fee, all the better.

Millennials 158

Millennials Retail Tools Branding 158

PYMNTS

OCTOBER 7, 2020

In fact, a PYMNTS data project that studied Black Friday in 2019 found that only 20.2 And then there are the millennials. Millennials spent an average of $509 on Black Friday in 2019, with bridge millennials coming in at $479. Which leads to the second issue: trend lines. On the flip side, 20.4 percent accordingly.

Millennials 241

Millennials New York City Retail Study 241

PYMNTS

FEBRUARY 10, 2020

Data Shows 41 Pct Hike In Ransomware Attacks In 2019. In the fourth quarter of 2019, companies paid on average $84,116 to get their files back from online thieves. Reynolds CEO: Recreating Grocery’s Home Goods Aisle For The Millennial. Crypto Fraud Scores More Than $4B In 2019.

US 142

US Taxes Millennials Payments 142

Perficient

JANUARY 12, 2021

In 2019, Gartner projected that over 100 million customers would be shopping with AR in 2020. Gartner also reports that 30% of Gen Z and Millennial shoppers wish that online shipping experiences would incorporate AR/VR features, though less than one-fifth of analyzed brands have integrated them.

Customer Experience 538

Customer Experience Branding Video Online 538

PYMNTS

SEPTEMBER 16, 2019

In the payments ecosystem, we need look no further than the bridge millennial for how the connected purchasing experience will evolve over the next decade. The group’s connected commerce behaviors are well-documented in the annual PYMNTS/Visa How We Will Pay 2019 study released just today. This group of 60 million U.S.

Millennials 222

Millennials Study Course Trends 222

PYMNTS

MAY 2, 2019

The company said the changes will go into effect on May 9, 2019. The payment company said research shows millennials are spending the most on groceries, streaming and commuting. “If I had to pick, I’d argue that the best potential fits are older millennials and Gen Xers. supermarkets and 3 percent cash back at U.S.

Millennials 111

Millennials Cards Lending Industry 111

PYMNTS

DECEMBER 18, 2018

This year, 2019 will likely be the first season that [holiday spending] will top $1 trillion,” Jamison explained. “I On the one hand, he noted, voice and voice commerce tech is, in some ways, a technology designed by millennials for millennials — in the sense that all experiences need to be mobile and social.

Retail 140

Retail Millennials Online User Experience 140

PYMNTS

DECEMBER 31, 2020

Key Data Points: Consumers are performing 12 percent more activities at home in 2020 than they did in 2019 and making purchases during 12 percent of those activities, on average. percent of millennials believe it is “very” important to receive payments in real time. percent of consumers who did so in 2019 — an increase of 27.4

Data 277

Data Innovation Payments Millennials 277

PYMNTS

NOVEMBER 15, 2019

The heaviest users are millennials, members of Generation X and bridge millennials. Such willingness is highest, however, among bridge millennials, those aged 30 to 40 who straddle the divide between millennials and Generation X.

Retail 128

Retail Mobile Millennials Tools 128

PYMNTS

SEPTEMBER 16, 2019

Also, bridge millennials offer profound insight into the future of connected commerce. The just-released annual PYMNTS/Visa How We Will Pay 2019 identifies marked shifts in the attitudes, behaviors and expectations for the role apps, devices and purchasing channels play in how U.S. Visa, Insurers Partner On Real-Time Claims Payouts.

Millennials 120

Millennials Payments Report Regulation 120

PYMNTS

DECEMBER 26, 2019

But before we shut the door on 2019, it bears taking a moment to note how much the world of retail has changed in the last year, a fitting capstone on a decade that has seen retail as the American consumer commonly knew it taken to the ground and rebuilt nearly from the foundations.

Retail 135

Retail Branding Course Charlotte 135

PYMNTS

JANUARY 1, 2021

The consumers who shopped for anything from groceries to sporting goods to cars in December of 2019 are completely different from the ones who shop today. For the purposes of this exercise, we’re going to describe the “typical” grocery shopper – a bridge millennial, a 36-year-old mom of 1.93 How She Thinks About Timing Her Order.

Study 362

Study Survey Exercises Cards 362

Insights on Business

FEBRUARY 13, 2019

At IBM Think 2019, Henrique Albuquerque from Bradesco Research and Innovation offered insight into how Bradesco is transforming by focusing their entire business structure around the customer journey. If it doesn’t, negative news travels fast through millennial networks. –> Browse more Think 2019 financial services blogs.

Albuquerque 152

Albuquerque Digital Banking Millennials social media 152

PYMNTS

DECEMBER 18, 2020

million in 2019, Poshmark made $21.1 That’s up 28 percent from the same 2019 period. million from $50 million in the same 2019 period. The company added that its active users spent an average of 27 minutes a day on the site in 2019, “browsing, shopping, buying, selling and connecting with each other via 20.5 30 quarter.

social media 232

social media Online Millennials Training 232

PYMNTS

DECEMBER 9, 2019

The Buy Now, Pay Later Tracker shows that flexible retail solutions can unlock the purchasing power of Generation Z and millennial shoppers. consumers are expected to spend during the 2019 holiday season. 52 percent: Share of millennials who believe it is acceptable to take on debt during the holiday season. bridge millennials.

Millennials 131

Millennials Retail Data Payments 131

PYMNTS

JANUARY 20, 2020

Millennials to the Rescue. Indeed, there are solid reports out there that millennials — that scapegoated generation blamed for the demise of certain fast-casual restaurant chains, densely-packed pieces of primeval carbon (aka diamonds ) and other consumer mainstays — are helping to keep the greeting card industry alive. percent.

Retail 183

Retail Millennials Cards social media 183

PYMNTS

DECEMBER 24, 2019

And 2019 was no exception. As Green Dot Chief Revenue Officer Brett Narlinger told Karen Webster, the same holds true for banks, particularly when it comes to millennial and Gen Z consumers. It’s been a wild ride for payment and merchant services in 2019. How IoT Can Make Payments New Again. What’s Next for Merchant Services.

Payments 134

Payments Illinois Mobile Guidelines 134

PYMNTS

OCTOBER 1, 2019

As discussed in the latest “ How We Will Pay 2019 ” survey, done in collaboration between PYMNTS and Visa, the age of the connected consumer has dawned. To that end, ownership of the key enabler of contactless payments – that would be smartphones, of course – is up, reaching 90 percent in 2019 versus 84 percent in 2018.

Millennials 140

Millennials Payments Groups Study 140