PYMNTS

DECEMBER 19, 2016

While they enjoy many FinTech innovations, most millennials don’t have a snowball’s chance of earning more than their parents — ever. It’s one thing for the millennial offspring of the billionaire hedge-fund scions to fall short of making a billion because they only manage to pull down $760 million a year. It’s a fact. population.

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Millennials Fintech Cards Groups 100

PYMNTS

APRIL 24, 2017

On the slightly more serious side of the payments news this week, BJ’s Wholesale Club looks like it’s going up for sale — and the rumor of the week is that Amazon is thinking about buying it. The long-suffering team at American Express has a new headache to handle — losing the love of those millennial customers. IHG’s Big Hack.

Millennials 109

Millennials Cards New York Branding 109

PYMNTS

AUGUST 3, 2020

American Express (Amex) has introduced a new way for its card members to pay for things. Platinum card holders can now join Green and Gold members with Amex’s buy now, pay later (BNPL) option, dubbed Pay Over Time. In this way, Amex said card members know upfront how much they’ll pay each month. percent and no interest.

Cards 205

Cards New York Millennials Payments 205

PYMNTS

MAY 26, 2017

American Express has rolled out a new small business credit card as part of an ongoing effort for the company to step back from its reputation as an elite-only credit card company. American Express OPEN said Thursday (May 25) that it has launched the Blue Business Plus Credit Card developed for entrepreneurs.

Cards 101

Cards New York Millennials Analysis 101

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.

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Millennials Mobile Lending Cards 77

Payments Source

JANUARY 29, 2019

The New York based Petal uses machine learning to optimize the limited financial data available for low-information consumer groups and millennials, who often turn to installment loans from companies such as Affirm, Klarna and PayPal Credit.

New York 73

New York Millennials Cards Groups 73

Payments Source

JANUARY 29, 2019

The New York based Petal uses machine learning to optimize the limited financial data available for low-information consumer groups and millennials, who often turn to installment loans from companies such as Affirm, Klarna, and PayPal Credit.

New York 60

New York Millennials Cards Groups 60

PYMNTS

JANUARY 20, 2017

The environment for the adoption of prepaid cards in a payroll setting is a mixed one. Loading salaries onto cards and giving those cards to employees can cut down on the costs of working with manually creating and printing (and sometimes mailing) checks.

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Cards New York Millennials ATM 100

Let's Talk Payments

MAY 24, 2016

Survey finds that high-income and millennial consumers have the highest credit card usage in income and age categories, and most in favor of paying in installments New York, NY—May 23,

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Survey Cards New York Millennials 74

PYMNTS

JULY 8, 2020

Bloomberg also reported that page views for Zillow’s suburban listings outside of formerly hot urban areas like New York City and San Jose, Calif., There’s [also] a lot of demand for rental homes that we’re seeing because people are fleeing especially hot spots like New York.”. rose as much as 10.5

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New York City San Jose New York Seattle 144

PYMNTS

JANUARY 11, 2021

11), New York State became the first to act on behalf of them. New York’s vaccine eligibility pool has been expanded to include grocery store workers, among other groups, according to the state’s Department of Health. For grocery workers, who are deemed in the “essential” retail category, relief has been slow in coming.

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Millennials Los Angeles Sacramento New York City 154

PYMNTS

MARCH 9, 2020

The ease and speed of credit cards and similar payment methods spook many consumers, especially when such transactions often lead to interest rate fees and other costs later in the year, souring in-the-moment purchases. Millennials and members of Gen Z are primarily driving this shift, with the former at the height of their spending power.

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Retail Millennials Cards Branding 131

PYMNTS

JUNE 8, 2020

billion hit in April, with revolving debts like credit cards taking the hardest hit — falling by a steep 64.9 In some cases, credit-card holders increasingly complain about banks slashing their credit limits or canceling their cards involuntarily. According to the latest Federal Reserve data , U.S. consumer borrowing dropped 19.6

Cards 144

Cards Millennials New York Lending 144

PYMNTS

FEBRUARY 6, 2020

Used to be that you went to Fashion Week in New York to rub elbows with Tom Ford, Ralph Lauren and Stella McCartney. Klarna has melded New York Fashion Week glitz with experiential retailing this year. This year, however, the power positions are likely to be filled by Jeff Bezos, Denise Incandela and David Sykes.

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Retail New York Branding Millennials 142

PYMNTS

MARCH 8, 2017

While millennials aspire to seek out meaningful experiences, they don’t necessarily have the spending power that enables them to do so. While on the other side of the coin, there are millennials who like to go out in groups, with budgets that may be more restricted but with time to go out more frequently. BB: Yes, exactly.

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Millennials Boston social media Groups 101

PYMNTS

OCTOBER 28, 2016

Coinsource, America’s largest bitcoin ATM provider, just announced proudly that the company now has 55 ATM kiosks, after adding six new ones in California — four in Los Angeles and two in San Francisco. The average rate of a new bitcoin ATM? What about gift cards? The math comes out to one per week. Just like cash.

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Bitcoin ATM Cards Los Angeles 100

PYMNTS

DECEMBER 9, 2019

Statistical swarms of millennials and Gen Zers report never having used a paper check. It got so bad that New York City became the first municipality in the nation to pass a law making it easier for freelancers to sue for payment. Their perception of banking, aside from ATMs, is entirely app-based – and mobile.

Millennials 130

Millennials New York City National New York 130

PYMNTS

FEBRUARY 11, 2020

Called See You Tomorrow , its “re-commerce experience” will include an online marketplace and brick-and-mortar location housed in the Nordstrom New York City flagship store on 5th Avenue. It is playing the sustainability card this year, with Fashion Footprint Calculator.

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New York City Marketing New York Los Angeles 124

NCR

MAY 11, 2016

Knowing how to make, manage and invest one’s money has long been the key to financial security and stability, but what was once a relatively linear road map for many generations has shifted with Millennials. While buying a home was once seen as one of the biggest indicators of financial success, Millennials now have a different idea.

Millennials 40

Millennials New York Cards Maine 40

PYMNTS

JANUARY 22, 2020

Titled “Why the Future of Merchant Payments Requires a Digital-First Approach,” the webinar generally revolved around questions related to the development and ongoing rise of omnichannel commerce — already a major topic in the payments and commerce world in these first weeks of the new year. Trust Issues.

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Retail Millennials New York City social media 137

PYMNTS

FEBRUARY 5, 2020

Singapore-based Kredivo ended 2019 with lots of new funding raised, while New York-based Splitit was among the BNPL providers that logged $1 million in transactions, according to the latest edition of the PYMNTS Buy Now, Pay Later Tracker. Fighting the Credit Card Fear . and around the world.

Cards 143

Cards Millennials Regulation United States 143

PYMNTS

APRIL 4, 2019

By the first quarter of 2017, household debt had passed its 2008 peak of $12.657 billion, according to a new report released by the New York Fed. The trend, according to the report, is visible in most major debt categories — particularly home and credit card lending. As of the last quarter of 2018, total U.S.

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US New York Trends Report 116

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.

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Data Millennials Chicago Lending 100

PYMNTS

SEPTEMBER 12, 2018

He recounted an anecdote that involved a high-end restaurateur in New York City who found maintaining a location to be expensive. We are in a mobile age powered by smartphones wielded by millennials, which Dye said (a bit tongue-in-cheek of the devices) are full of enough wizardry to get us to the moon and back.

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Payments Millennials Cards New York City 103

PYMNTS

MAY 17, 2018

SkyHi focuses on offering shorter flights from New York to Chicago or New York to Miami. SkyHi’s bread and butter is leisure travelers, particularly millennials between the ages of 23 and 27. Travel is already relatively seamless for Poola, as he lives in New York City and has a monthly Metro Card.

Los Angeles 110

Los Angeles New York Metro New York City 110

PYMNTS

MAY 23, 2017

It took almost a full decade, but Americans’ debt level has reached a new all-time high, surpassing the $12.68 According to the latest data out of the New York Federal Reserve , total U.S. While mortgage delinquency rates continue to fall, delinquency rates on auto loans and credit cards are trending up. Diverging Trends.

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Millennials Lending New York Trends 108

PYMNTS

DECEMBER 9, 2019

This is especially true when attitudes toward holiday payment standbys like credit cards rapidly change between generations. Shoppers are collectively expected to spend more during the 2019 holidays than last year, but many are still paying down credit card bills from 2018’s purchasing sprees.

Millennials 131

Millennials Branding Retail Payments 131

PYMNTS

JUNE 6, 2019

This year’s parades and festivals carry special significance as they mark the 50th anniversary of New York City’s Stonewall Riots. Patrons and neighbors of the Stonewall Inn gay bar resisted an aggressive police raid in 1969, kicking off a new phase of political activism for LGBTQ rights in the process.

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San Diego Boston Cards New York 137

PYMNTS

MAY 20, 2019

“Sometimes customers don’t have cash, or don’t have the right amount, and cards are fast and convenient.”. 48 percent of people use cards as one of their payment options at vending machines — and of those who prefer card payments, 82 percent cite convenience as the top reason.

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San Francisco Retail Philadelphia Cards 170

PYMNTS

APRIL 21, 2016

These heavy overdrafters were mostly millennials and Gen Xers — two-thirds of whom paid the fee for an overdrawn debit card transaction. Among millennials, the group that was found likely to take a stronger hit from overdraft charges was students, as The New York Times pointed out.

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Millennials Survey New York Groups 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.

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Cards Course Study Retail 169

PYMNTS

FEBRUARY 10, 2020

They can then choose the regions or neighborhoods in which they are comfortable staying, and pay for their room with a credit or debit card via Stripe. The company’s target market includes Gen Z and millennials. The company offers rooms in markets like New York, San Francisco, Nashville, New Orleans, Chicago and Orlando.

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Las Vegas San Francisco Nashville Chicago 142

PYMNTS

DECEMBER 18, 2018

When you think about millennial couples today, they are unlike any previous generation. To that end, Zola launched a paper-based save the date and invitations business, allowing customers to customize cards and upload photographs. for some time, getting engaged these days is very different than it was even a generation ago.

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New York City Branding Millennials User Experience 166

PYMNTS

AUGUST 21, 2018

Six days later, The New York Times reported that Bear Stearns was dangling on the age of bankruptcy and a forced liquidation after it posted a 61 percent drop in net profits as a result of hedge fund losses in the subprime mortgage market. trillion during the quarter ending in June, according to the New York Federal Reserve.

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US Millennials New York St. Louis 100

PYMNTS

MARCH 28, 2017

New York Times writer Lee Speigel spawned a lot of conversation, outrage and numerous think pieces with his article about his decision to default on his student loans and “never look back.”. Millennial Troubles. About 44 percent of millennials hold student debt — or about 33 million people.

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Millennials Lending Policies United States 100

PYMNTS

JUNE 1, 2016

I can’t have an effective employee if they are stressed and thinking about waiting tables on the side to make ends meet,” said Erik Dochtermann, chief executive of New York creative media agency MODCo Media, which has 33 full-time workers. The move comes as the American worker is facing leveled-up debt.

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New York Millennials Taxes Lending 100

PYMNTS

SEPTEMBER 20, 2019

News came at the end of the week that the FBI and the New York State Department of Labor are investigating allegations that MyPayrollHR , which abruptly shut down earlier in the month, diverted millions of dollars into its coffers that should have gone to employees. Construction Payments: Building the House With Virtual Cards.

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Fraud Payments Bitcoin Lending 108