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. Download the free report to find out how fintech is shaping the future of wealth management and investing. get the REPORT on next generation investors.

Millennials 77

Millennials Mobile Lending Cards 77

PYMNTS

MAY 4, 2017

In conversation with Cardtronics’ Brian Bailey, managing director for Global Financial Institutions, and Tom Pierce, chief marketing officer of the firm, Webster noted that even with the rallying cry of a war on cash in the digital economies — and in emerging markets — cash is alive, doing well and actually growing in terms of usage.

ATM 192

ATM Millennials United States Study 192

NCR

FEBRUARY 17, 2017

That includes growth areas like mobile banking, of course, but also covers traditional cornerstones of retail banking like the ATM. Why the ATM is key to omnichannel. According to Retail Banking Research , the number of ATMs worldwide rose by five percent to 3.2 million in 2015. A driver of change. Image: iStock/Piranka.

ATM 85

ATM Mobile Strategy Fraud 85

PYMNTS

MARCH 9, 2020

That finding is also relatively consistent across income and demographic profiles, even for bridge millennials (the largely affluent 30- to 40-year-old crowd) and Gen Z respondents. The need for physical branches tops providing ATM services by a factor of almost four. The Services Expectation. According to our survey, 48.2

How To 232

How To Millennials ATM Fintech 232

PYMNTS

JULY 15, 2020

The idea here was to give millennials and Gen Z, our target audience, access to a diversified portfolio of new economy companies and gig economy companies,” Noto said. unveiled a new mobile-focused money management experience named Samsung Money by SoFi to assist users in handling their everyday finances per news in May.

Samsung 162

Samsung National Millennials ATM 162

PYMNTS

MAY 23, 2019

Zero, a company that aims to modernize credit cards for the millennial generation, has raised $20 million in a Series A funding round, according to a report. The company plans to market its card to credit-wary millennials who want to avoid getting into a deep debt cycle, but who also want the incentives of owning a credit card.

Cards 135

Cards Millennials FDIC ATM 135

PYMNTS

JULY 1, 2020

But one thing is clear: Americans would be willing to dispense with their local bank and make Amazon , Apple or Google their primary payment account provider if those 21 st -century accounts allowed them to more easily manage and spend their money. The rate rises to 60 percent among bridge millennials, those between the ages of 30 and 40. .

Survey 183

Survey Cards Millennials ATM 183

PYMNTS

NOVEMBER 6, 2020

Millennials Drive More to Faster Payments . Millennials and Gen Z are among the groups that are most likely to have received instant payments. From Online Ordering to Cupcake ATMs: How Sprinkles Prepared for the Pandemic. Data Analytics Changes the Working Capital Management Paradigm. Fun, Cool and Otherwise Interesting.

Online 148

Online Payments Millennials Apple 148

Insights on Business

FEBRUARY 13, 2019

Next has access to all of Bradesco’s ecosystem, ATMs, call center, internet banking. Financial management. Revamping the company’s internal structure is one of the first steps Bradesco took to achieve the goal of creating experiences that meet expectations of millennials. For Bradesco, a large Brazilian bank, NEXT is the answer.

Albuquerque 152

Albuquerque Digital Banking Millennials social media 152

PYMNTS

JANUARY 25, 2018

This includes checks, brick-and-mortar bank branches, ATM cards and, yes, cash. The ATM Real Estate Advantage. Cross River teamed up with Mastercard in 2017 to launch Mastercard Cash Pick-Up, a disbursement service that delivers cash on behalf of businesses to vetted recipients through a network of ATMs. Postal Service (USPS).

ATM 100

ATM Millennials FDIC New Jersey 100

PYMNTS

APRIL 23, 2019

The mobile app offers low or no-fee checking-like services, out-of-network ATM usage fees and the ability to earn 4 percent APY on balances of up to $3,000. percent of Bridge Millennials, ages 30 to 40, said mobile apps were important in accessing bank accounts, compared to 53.8 percent of Bridge Millennials did so. In fact, 72.4

Millennials 145

Millennials Mobile Study Branding 145

NCR

JANUARY 31, 2017

Consumers in the UK today enjoy unprecedented choice when it comes to making payments and managing their money. The ATM, mobile, online, phone and smartphone are all important to consumers. The UK’s 70,000 ATMs – of which almost 54,000 are free to use – dispensed more than £12 billion ($14.5

ATM 45

ATM Industry Mobile Millennials 45

NCR

JULY 5, 2017

Finding the right balance between physical and digital channels and approaches to banking is crucial for providers wanting to guarantee the highest possible levels of satisfaction for their customers – particularly in the millennial age group. The majority of transactions conducted at the ATM are for cash withdrawal purposes.

ATM 81

ATM Customer Experience Millennials Tools 81

NCR

JANUARY 31, 2017

Consumers in the UK today enjoy unprecedented choice when it comes to making payments and managing their money. The ATM, mobile, online, phone and smartphone are all important to consumers. The UK’s 70,000 ATMs – of which almost 54,000 are free to use – dispensed more than £12 billion ($14.5

ATM 40

ATM Industry Mobile Millennials 40

PYMNTS

SEPTEMBER 14, 2018

According to a company report, the Sapphire Reserve card is popular among millennials because of the generous rewards points, which cater to their desire to travel. Customers will also get a reduction in some undesirable fees, including wire transfer fees and foreign exchange fees at ATMs outside of the country.

Cards 123

Cards Millennials ATM Branding 123

PYMNTS

FEBRUARY 13, 2020

Among the key focal points for NCR looking ahead lies expanding card management and commerce capabilities. The branch is a digital ecosystem in and of itself,” he said, “and it should be connected to the digital banking, self-service ecosystem,” as the footprint — including the ATM — is not going away.

Millennials 231

Millennials Digital Banking Mobile Course 231

PYMNTS

AUGUST 17, 2017

But, while closing physical bank branches might appear to be a wise cost-saving measure, the move comes with risks that could hurt banks’ relations with new millennial customers. A separate survey from management consulting firm Bain & Co. It has also meant working in anticipation of the changing needs of millennial users.

Millennials 132

Millennials Digital Banking San Francisco Fintech 132

PYMNTS

MARCH 2, 2020

Employers disburse all or some of employees’ wages onto the cards, and the funds can immediately be withdrawn at ATMs or used to make payments. Workers may find benefits beyond simply receiving their funds, too, as many use payment cards to manage budgeting and spending. The number of activated payroll cards in the U.S. rose from 3.1

Cards 130

Cards ATM United States Payments 130

PYMNTS

OCTOBER 31, 2016

Red Sox fans here at PYMNTS vividly remember seeing a more unlikely turnaround when the New York Yankees managed to blow a three game lead in the ALCS, thus pulling off the biggest choke in the history of sports. Disappointed millennials rejected by credit card companies. Millennials — Once Rejected, Twice Shy.

Data 100

Data Millennials Chicago Lending 100

Chris Skinner

FEBRUARY 3, 2017

Snyder, chief innovation officer at venture capitalist firm Safeguard Scientifics and a senior fellow at Wharton’s Mack Institute for Innovation Management. It should be publishing informed insights but this post was more of a headline grabber from Scott A. million banking jobs by 2025.

Innovation 150

Innovation Millennials ATM Data 150

Gonzobanker

OCTOBER 5, 2022

In addition, about three in 10 respondents said reporting lost or stolen cards, cardless ATM access, turning debit and credit cards on or off, and person-to-person (P2P) payments were features that would lead them to be “extremely likely” to switch banks. SOURCE: S&P GLOBAL. Banks strive to become consumers’ “primary” bank.

Survey 78

Survey Mobile ATM Cards 78

Gonzobanker

OCTOBER 5, 2022

In addition, about three in 10 respondents said reporting lost or stolen cards, cardless ATM access, turning debit and credit cards on or off, and person-to-person (P2P) payments were features that would lead them to be “extremely likely” to switch banks. SOURCE: S&P GLOBAL. Banks strive to become consumers’ “primary” bank.

Survey 78

Survey Mobile ATM Cards 78

PYMNTS

NOVEMBER 29, 2016

“Until recently, our main support was provided through in-kind distributions,” Sally Morson, cash program manager for Samaritan’s Purse, said in a release. The cards, which each have a unique PIN code, ATM and Point of Sale (POS) capabilities, will be distributed to refugees and migrants across Greece. PFS, based in the U.K.S,

Cards 100

Cards Millennials ATM Maine 100

PYMNTS

JULY 14, 2017

The prepaid division, said the company, had what management termed a “fantastic” year, with 240,000 accounts funded, at roughly $320 million spent in the aggregate. The losses come out to be $64 per customer per year, driven by costs that come in tandem with use — namely tied to international ATM use. million, far outpacing the $1.8

ATM 109

ATM Capital Cards Millennials 109

PYMNTS

JANUARY 8, 2019

Chime also provides its customers with access to a network of roughly 40,000 free ATMs nationwide. What Britt would confirm, however, is that the Pinch team would be critical in Chime’s next phase, building credit and credit management products for their millennial customer base. ”

Digital Banking 160

Digital Banking Tools Cards Millennials 160

PYMNTS

JUNE 22, 2017

trillion , representing about one-fifth of all managed investments. The Right Tool for Millennial Shoppers? This is especially true of millennial consumers who are more likely to consider a store’s values when making a purchase than other generations. As of early 2016, SRIs had spiked a third to $8.72

Millennials 117

Millennials Digital Banking Survey Tools 117

PYMNTS

MAY 12, 2020

There was a time when consumers did not require much more from their local bank than a checking account, savings account and an ATM card. Consumers are paying with credit and debit cards more than ever before, and they are increasingly looking to their smartphones to gain greater control over how they spend and manage their money.

Regional 241

Regional National Cards Mobile 241

PYMNTS

JUNE 13, 2017

And though its mailing address will be in Salt Lake city, SoFi will continue to operate as it has since its inception — as an online-only institution, with no branches or deposit-taking ATMs. SoFi specializes in marketing financial and loan products for millennial consumers who tend to prefer the firm’s online-only approach to finserve.

FDIC 100

FDIC Utah Millennials ATM 100

PYMNTS

JUNE 22, 2016

This year’s report demonstrates the growing reliance on our mobile devices to navigate daily life and manage our finances, including significant growth in mobile banking and emerging payments,” Michelle Moore, head of digital banking at Bank of America, said in a press release announcing the study’s results.

America 101

America Payments Mobile Survey 101

PYMNTS

JANUARY 20, 2017

But in some cases, such as in New York, regulations have governed how those cards can be accessed (such as via mandated ATMs that must not take fees and must be near the workplace or workers’ homes), because of the unbanked workers who use them.

Cards 100

Cards New York Millennials ATM 100

PYMNTS

SEPTEMBER 24, 2019

That number is higher among millennial and Generation X respondents, at 77 percent and 63 percent, respectively. Nearly one-third of millennials would prefer to do their banking exclusively online and eschew branch locations entirely. Moderation is important, however, as spamming can turn consumers off.

social media 111

social media Millennials Illinois Strategy 111

PYMNTS

JANUARY 21, 2021

Recent studies have found that debit issuers lost approximately $1 billion to fraudsters targeting transactions at the physical POS or ATMs in 2019 — and this was before the ongoing pandemic expanded fraudsters’ opportunities to launch their schemes.

Fraud 148

Fraud Strategy Study Cards 148

NCR

OCTOBER 5, 2016

There are key reasons why customers continue to value face-to-face engagement with bank staff when managing their financial affairs, generally polarising around the reassurance of ownership, depth of knowledge and decision making agility, none of which can be advertised as benefits of the self-service channel. Striking a balance.

Customer Experience 100

Customer Experience ATM Strategy Millennials 100

Celent Banking

APRIL 23, 2015

We hear it all the time; “Millennials don’t use branches.” “Old The survey (an online survey administered with a managed panel of nearly 3,000 consumers designed to be representative of the U.S. Old people don’t use digital channels” and so on. Nothing could be farther from the truth – at least for the present.

Survey 100

Survey Mobile Millennials ATM 100

Fintech Labs Insights

JANUARY 15, 2016

Available only via mobile app, imaginBank is a new initiative by Spanish bank, Caixabank targeting millennials. And one in every three Spanish millennials is a customer of their bank. imaginBank also has special services for smartwatch wearers, including ATM and branch finding functionality. CaixaBank serves 2.9

Millennials 12

Millennials Mobile social media ATM 12

PYMNTS

APRIL 1, 2019

Demand for a daily pay benefit is especially strong among millennials and Generation Z workers who are accustomed to accessing goods and services via mobile and are also expecting to be paid for their work instantly. Think of it no differently from an ATM that might sit in your lobby,” Lee said. You walk by the ATM every day.

ATM 109

ATM Taxes Payments Millennials 109

PYMNTS

FEBRUARY 14, 2019

As Green Dot Chief Revenue Officer Brett Narlinger told Karen Webster in a recent conversation, the same holds true for banks, particularly when it comes to millennial and Gen Z consumers. “My Among the financial services customers want, he said, storing funds, saving funds, sending money and managing accounts are all list leaders.

Branding 155

Branding Millennials Meeting Cards 155