PYMNTS

SEPTEMBER 27, 2020

With the more flexible nature of a BNPL payment, users might feel more secure in spending their money, even if they are being cautious due to the volatile economy. customers in a recent study saying they’d used BNPL to buy things, and 56 percent chose such plans to defer costs without gaining interest if they were using a credit card.

Leadership 302

Leadership Millennials Retail Study 302

PYMNTS

MARCH 18, 2020

percent of consumers noted they would switch financial institutions (FIs) for a better financial app, a number that jumps up to 41 percent among bridge millennials. Cards — debit or credit — they say, are not really their core business. percent indicated they would be at least somewhat likely. Meanwhile, 28.5

Cards 217

Cards Tools Mobile Google 217

PYMNTS

APRIL 9, 2019

An issuer suspects a card has been compromised, or a consumer remembers that their debit card is in their jacket pocket only after leaving it at the cleaners. Either way, a card is cancelled and replaced with a new one. In BV’s experience, heavily used cards are replaced 1.7 It happens.

Cards 153

Cards Management Security Millennials 153

PYMNTS

OCTOBER 22, 2018

People of all stripes — from millennials to baby boomers, from Generation X to the Greatest Generation — are increasingly swapping the friction of shopping in a store for the convenience of using one of the many connected devices they now own to shop and buy from instead. To track how we will pay, watch how Bridge Millennials pay today.

Millennials 212

Millennials Study Payments Data 212

PYMNTS

MAY 1, 2020

Many CUs are doubling down on their efforts to digitize their services in a secure manner. Establishing methods that replace face-to-face banking transactions with secure alternatives is an important need during these changing times, Vas Nunes noted. This turned out to be a win-win for our members and our staff.”

Arizona 159

Arizona Security Cards Phoenix 159

PYMNTS

DECEMBER 11, 2019

adults to possess a credit card , so the warp-speed adoption of mobile card apps has been a comparative blur. In surveying mobile card app usage for the December 2019 Bridging the Gap: Mobile Card App Adoption Report , PYMNTS found a vibrant, growing payments ecosystem. Mobile card app adopters are an enthusiastic bunch.

Mobile 132

Mobile Cards Survey Millennials 132

PYMNTS

APRIL 24, 2017

The long-suffering team at American Express has a new headache to handle — losing the love of those millennial customers. and yes, this looks like card data breach. American Express cards, from time immemorial, has signaled affluence among holders — particularly the Platinum Card. Ready to jump in?

Millennials 109

Millennials Cards New York Branding 109

PYMNTS

JULY 13, 2018

In 1974, women won the right to apply for and control their own credit card with the passage of the Equal Credit Opportunity Act. It has made the millennial generation of women — either entering or settling into their prime spending years — something of a unique class of citizens when it comes to financial services.

Millennials 111

Millennials Tools Connecticut Study 111

PYMNTS

FEBRUARY 14, 2020

11 to set up a bank card clearing business, providing it with access to a $27 trillion payments market. The People’s Bank of China said it has approved an application by Mastercard’s Chinese joint venture to run a bank card clearing business in the nation. Is No-Factor Authentication Digital Security’s Future?

Retail 141

Retail Cards Millennials Fraud 141

PYMNTS

APRIL 16, 2019

From fuel pumps to convenience stores (C-stores), many consumers worry about the security of their personal financial information. adults are concerned about the security of their financial data when making payments at these venues. Mobile wallets , however, have advantages that span from convenience to security.

Security 140

Security Mobile Retail Survey 140

PYMNTS

SEPTEMBER 2, 2016

The movement to EMV and chip cards has been one of safety, but card users themselves have been disgruntled when actually using the cards. The wait at the register may take top of mindfulness above security.

Cards 100

Cards Washington Millennials Security 100

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. Bridge millennials own slightly more devices than the average consumer in our study: six devices compared to the roughly five that most consumers own. This group of 60 million U.S.

Millennials 222

Millennials Study Course Trends 222

PYMNTS

FEBRUARY 27, 2018

These solutions could shift the way national security agencies in several countries operate, or force employers to change how they authenticate and identify their employees. As more millennials enter the workforce, passwords are going out the door. Social Security number as an identifier. News From the Digital ID Space.

Security 110

Security Report National Millennials 110

PYMNTS

SEPTEMBER 3, 2020

with cash — and consumers are even starting to ditch plastic cards. For members of the millennial or Generation Z cohorts who are comfortable in the app world, payment preferences boil down to choice and control. Security Is Top Of Mind . Cash will always have a place among consumers — but its use is dwindling.

Payments 262

Payments Security Millennials Retail 262

PYMNTS

OCTOBER 6, 2020

The offering is fully complimentary for shoppers who pay on schedule, according to the announcement, while it is a clean and secure way to pay as the payment is touch-free. Millennial and Gen Z shoppers are focusing on sustainable and ethical fashion and retail more than before.

Millennials 200

Millennials Retail United States National 200

PYMNTS

MARCH 30, 2020

Debit cardholders often choose this payment method because it is more secure than carrying cash — which cannot be recovered if lost — and may safeguard them against spending more than they have, which is not the case with credit cards. Rising generations show a keen interest in debit cards, according to a new report.

Cards 165

Cards Security cryptocurrency Payments 165

PYMNTS

SEPTEMBER 24, 2019

Legacy banks are similarly at work, with one major FI seeking to beat out FinTech competition by offering same-day access to credit card deposits. Millennials no longer rule the mobile services space. Small banks can struggle to develop such services and keep them secure, however. Around the Faster Payments World.

Mobile 246

Mobile Payments Apple Millennials 246

PYMNTS

OCTOBER 23, 2017

Oh, and security, too – but not at the expense of that frictionless user experience. Although some customers ( millennials : cough, cough) may value convenience above all else, that youthful sense of fiscal invincibility does not extend to their elders, who place a higher premium on transaction security.

UX 116

UX Security User Experience Millennials 116

PYMNTS

MAY 4, 2017

Among the core reasons for this: The perception that the use of cash was more secure. As for demographics, Pierce stated that tech use does indeed skew younger, but that millennials do use a hybrid of cash and digital payments. Cards are perhaps proving a sticking point in the move toward electronic payments. do not accept cash.

ATM 192

ATM Millennials United States Study 192

PYMNTS

DECEMBER 31, 2020

percent of millennials believe it is “very” important to receive payments in real time. Buy Now Pay Later: Millennials And The Shifting Dynamics Of Online Credit. Millennials are big fans of buy now, pay later (BNPL), as this report showed. percent of bridge millennials report using credit when paying online, while 66.3

Data 277

Data Innovation Payments Millennials 277

PYMNTS

MAY 21, 2020

These individuals are in no mood for transactions that would add to their existing bills, meaning credit card fees and interest are factors when they shop for goods and services — and sometimes tip them toward abandoning their carts entirely. Adding Financial Security . users are either millennials or from Generation Z.

Millennials 202

Millennials Examples Retail Cards 202

PYMNTS

DECEMBER 7, 2020

“I think [consumers] recognize that if location is not being asked for or provided, then that app is inherently not as secure as it could be,” he said. Unfortunately, most consumers only learn of this location loophole after something bad happens, such as a stolen credit card or a fraudulent transaction, Briggs pointed out.

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Fraud Data Detroit Security 232

PYMNTS

SEPTEMBER 17, 2019

A 5G network could markedly improve mobile banking apps’ speed, security and ease of use. Using mobile card controls (63.5 percent of seniors pay bills via mobile app, while Generation X consumers and bridge millennials are on the opposite side of the spectrum. How Consumers Currently Use Mobile Banking Apps. Most consumers (78.1

Mobile 187

Mobile Millennials Study Digital Banking 187

PYMNTS

JUNE 1, 2020

Capturing and then enabling card-on-file payments when consumers buy the products or services they consume in the physical world. Part of that includes reminding consumers to use their contactless cards when they check out in their stores (if they have one) or their mobile wallets (if they choose). Uber and Starbucks pioneered it.

Cards 147

Cards Study Maine Retail 147

PYMNTS

OCTOBER 1, 2019

The steady drumbeat of tech has brought purchasing from bills and coins to cards and contactless payments – done across all manner of devices and through pushes, taps, swipes and waves, at any time. percent of the bridge millennials and 42.2 percent of bridge millennials were interested, up from 35.4 percentage points to 31.3

Millennials 140

Millennials Payments Groups Study 140

PYMNTS

AUGUST 5, 2020

Employees were putting down their credit card to buy everything from travel to software subscriptions — things that would normally be done in procurement on an invoice were now being put on a personal credit card and funneled through the expense report.” Driving Real-Time Data Through Cards. ” .

Cards 199

Cards Software Management Report 199

FICO

JUNE 22, 2016

Last year Millennials surpassed Baby Boomers as the largest generation in the U.S. ( Millennials (those born between 1997-1981) now number 75.4 The Millennial generation came of age during the Great Recession and some studies from Bankrate and others, have shown they are credit averse, and favor debit cards over credit cards.

Millennials 67

Millennials eBook Analytics Cards 67

PYMNTS

NOVEMBER 5, 2018

New data has emerged about how SMBs use other payment rails , including cards and wire transfers. Researchers emphasized the importance of financial service providers to promote wire payments for business clients, thanks to the speed and security of the rail. today, but it’s not the only one.

Payments 171

Payments Survey Millennials Cards 171

PYMNTS

MARCH 2, 2020

This month’s Deep Dive digs into the data that guides staffing agencies’ payroll disbursement decisions, including payroll cards ’ pros and cons. Employees’ Payroll Card Opinions. Checks have been common in temporary staffing, but disbursements to reloadable debit cards are drawing new interest. rose from 3.1 million by 2022.

Cards 130

Cards ATM United States Payments 130

PYMNTS

JULY 13, 2016

Move over millennials , there’s a new kid in town that is about to become nearer and dearer to retailers’ hearts: Gen Z. Gen Zers are also cautious of shopping at retailers who have had past security breaches, according to the study, with 59 percent saying they would purposely avoid shopping at such retailers.

Study 100

Study Millennials Retail social media 100

PYMNTS

JUNE 9, 2020

percent APY, an optional auto-deposit, no fees or minimums, and security as “Affirm Savings is FDIC-insured and accounts are held by our bank partner, Cross River Bank, member FDIC,” per the announcement. The Affirm Savings account comes with 1.30 As a result, it claims that many hope to steer clear of them.

FDIC 151

FDIC Millennials Google Payments 151

PYMNTS

NOVEMBER 27, 2019

The following Deep Dive outlines automation’s benefits, its potential ROI for implementing organizations and how these solutions can recruit millennial workers. . It helps organizations realize early payment discounts, avoid unnecessary late fees and earn cash rebates on AP spend through virtual card and premium ACH programs.

Millennials 161

Millennials Payments Capital Technology 161

PYMNTS

DECEMBER 24, 2018

The lucrative “ Bridge Millennial ” consumer segment — relatively high earning and highly educated, and approaching their peak earning years — are particularly fond of this technology, with 31 percent of owning a voice-activated speaker. 5: With Payment Cards. 10: With Contactless Cards. 6: With Person-To-Person Mobile Tech.

Cards 207

Cards Payments Mobile Millennials 207

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

NOVEMBER 29, 2016

In an attempt to bring hope and better conditions, e-money firm Prepaid Financial Services (PFS) launched a prepaid card program through international relief organization Samaritan’s Purse to help financially support those refugees living under these conditions. PFS, based in the U.K.S,

Cards 100

Cards Millennials ATM Maine 100

PYMNTS

DECEMBER 11, 2020

Capital One Halts BNPL Transactions On Its Credit Cards. Capital One Financial Corp is putting a stop to buy now, pay later (BNPL) transactions on its credit cards, calling the dealings “ risky ,” for both consumers and banks. to advance secure, contactless transactions as stores reopen amid COVID-19 restrictions.

Trends 175

Trends Fraud Millennials Online 175

PYMNTS

NOVEMBER 2, 2020

“ Membership has its privileges ” was the nine-year ad campaign launched by American Express in 1987 to persuade consumers that it was worth it to pay an annual fee for one of its charge card products. As the slogan implied, being an American Express card member was the only way to unlock those benefits. Those are the 47 million U.S.

Millennials 246

Millennials Retail Online Report 246