PYMNTS

AUGUST 23, 2016

Credit card issuers will be encouraged by the latest data from The New York Fed. Credit card use, after many years of slowdown after the financial crisis of 2008, is now exploding. Among the Millennial generation, the level of credit card debt is at its lowest level since 1989, when data collection began.

Millennials 100

Millennials Data Cards New York 100

PYMNTS

DECEMBER 7, 2020

End-to-end gift card platform Qwikcilver has launched its Woohoo virtual gift card store on the Google Pay Spot Platform to enable users in India to buy and send virtual gift cards in real time, the United News of India reported on Monday (Dec. The more upscale the restaurant, the greater the decline.

Google 148

Google Cards Millennials Survey 148

PYMNTS

DECEMBER 7, 2020

Capital One Financial Corp (CapOne) is putting a stop to buy now, pay later (BNPL) transactions on its credit cards, calling the dealings “risky,” Reuters reported on Monday (Dec. Customers who use their debit cards or checking accounts can still make BNPL payments, the CapOne spokeswoman said.

Capital 184

Capital Cards Millennials Regional 184

PYMNTS

MAY 22, 2020

There is a growing list of things millennials have seemingly been blamed for rendering obsolete, such as cocktail napkins, casual dining and expensive engagement rings. These are among the key conclusions of Delivering Cardholder Customer Service Report , a collaboration with Elan , for which PYMNTS surveyed of 2,078 U.S.

Cards 216

Cards Data Millennials Report 216

PYMNTS

NOVEMBER 30, 2020

Outback Steakhouse has rolled out a new “curbside concierge” option for holiday gift card shopping, according to a Monday (Nov. Customers call ahead or go to their nearby restaurant and drive into a set gift card drive-up parking spot with the service. Customers who purchase $50 in gift cards up to Dec. 30) announcement.

Cards 144

Cards United States Millennials Survey 144

PYMNTS

DECEMBER 11, 2020

Mao, whose company provides solutions for payments, prepaid cards and gift cards, said the only way for merchants to go is forward, because going back isn’t an option. Digital Gift Cards ’ Growth. For instance, people are simply directing more spend at gift cards this holiday season. Not All ‘Gift’ Cards Are Gifts .

Cards 291

Cards United States Strategy Retail 291

PYMNTS

DECEMBER 2, 2020

In a year that’s been filled with lifestyle changes, personal pivots and business adaptations, 2020 may also go down as the year of the gift card as studies show an outsized increase in sales leading up to the busy holiday season. InMarket’s data also showed customers were spending about 17 percent more on gift cards in 2020.

Cards 160

Cards Retail Study Survey 160

PYMNTS

NOVEMBER 25, 2020

According to an exclusive consumer survey, 27 percent of shoppers expect to spend less money than they did in 2019. Among those who said they would increase spend, about a third of millennials and Gen Xers said they would increase spending. And when consumers do go online, gift cards are winning the season.

Online 176

Online Cards Retail Data 176

PYMNTS

FEBRUARY 25, 2020

Mobile Cards: Make or Break? One way that banks or ambitious social media platforms will win this combat for customers is through the use of mobile credit and debit cards, with a highly configurable nature and full range of card and spend management controls to please the most vacillating of customers.

Mobile 153

Mobile Cards social media Survey 153

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. Based on a survey of nearly 2,000 U.S.

Mobile 132

Mobile Cards Survey Millennials 132

PYMNTS

OCTOBER 30, 2017

As millennials continue to grow their presence in the small business (SMB) community, the dynamics of SMB finance are also changing. According to some experts , millennial small business owners no longer accept mediocre or sub-par services from their financial providers. million millennials now make up more than a quarter of the U.S.

Millennials 109

Millennials North Carolina South Carolina social media 109

PYMNTS

DECEMBER 15, 2020

“Buy now, pay later financing services can play an important role in motivating consumers to make purchases, particularly the key demographic of millennials,” the report states. Based on two surveys of nearly 15,000 U.S. Based on two surveys of nearly 15,000 U.S. Bridge Millennials Crossing Over To BNPL.

Millennials 256

Millennials Report United States Study 256

PYMNTS

NOVEMBER 27, 2018

Convenience store operators would be wise to pay close attention to the purchasing habits of a certain subset of consumer: the Bridge Millennial — the first generation of connected consumers with spending power. Building A Better Bridge Millennial Gas App. percent), credit cards (11.1 So what do BMs want from a gas app?

Millennials 130

Millennials Mobile Payments Survey 130

Perficient

AUGUST 18, 2022

In fact, in a survey conducted by MagnifyMoney , 42% of respondents (notably, 48% of women and 35% of men surveyed) indicated they believe financial advisors are “only for wealthy people,” and 25% of respondents indicated they don’t see the need for a financial advisor for those younger than middle-aged. population.

Millennials 473

Millennials Management Tools Strategy 473

PYMNTS

MAY 4, 2020

Nearly 50 million credit card customers in the U.S. said they have had their credit limit slashed or their card closed in the past month as lenders move to minimize their risk amid the COVID-19 shutdown, a new study revealed. The survey said 37 percent of men were three times more likely than women to see their limits cut.

US 243

US Survey Cards Study 243

PYMNTS

MAY 23, 2018

For all the press about how millennials are the future of commerce, there is one big and rather problematic roadblock in that narrative. Millennials are kind of broke – and they might always be. While other generational groups also lost ground during the Great Recession, millennials as a group have largely missed the recovery.

Millennials 109

Millennials St. Louis Study Groups 109

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

PYMNTS

JUNE 7, 2017

The latest Expectations & Experiences consumer trends survey from Fiserv , a leading global provider of financial services technology solutions, finds that consumers are paying more bills from mobile devices while slowly starting to venture into digital wallets.

Survey 115

Survey Mobile Millennials Cards 115

PYMNTS

OCTOBER 24, 2019

London-based FinTech firm Revolut partnered with Visa to roll out a multi-currency travel debit card in Singapore, Visa said in a press release on Wednesday (Oct. The new card offers users the ability to spend overseas in over 150 currencies at the real exchange rate and without hidden fees. . by the end of 2019.

Cards 112

Cards Millennials Survey Fintech 112

PYMNTS

AUGUST 10, 2020

In fact, just 13 percent of the latter and 8 percent of the former say they receive their funds through instant payments to debit cards, credit cards, prepaid cards or digital wallets. To learn more about how offering instant disbursements can help firms close the payout choice gap, download the Report.

Millennials 222

Millennials Data United States Report 222

PYMNTS

MAY 25, 2017

InComm , a leading prepaid product and transaction services company, released the results of its survey on purchasing and giving gift cards for specific events and special occasions. According to a press release , the survey found that 100 percent of the more than 500 respondents purchased one or more gift cards last year.

Cards 105

Cards Survey Millennials Data 105

FICO

SEPTEMBER 22, 2016

Millennials love their smartphones—so much so that in recent research , millennials ranked them as more important than a toothbrush or even deodorant. It is a good thing 90% of millennials have smartphones! Of course, many of our clients want to know more about millennial banking habits. That is a really mixed story.

Millennials 40

Millennials Survey Mobile Payments 40

The Paypers

FEBRUARY 26, 2020

Deloitte has found that 52% of Gen Z and 41% of millennials in our survey would prefer to use debit cards most.

Survey 44

Survey Cards Millennials Payments 44

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

DECEMBER 2, 2020

Recent research by PYMNTS and Afterpay found that millennials are especially enthusiastic about these flexible payment options, and prefer them more than any other generation. percent of millennials report being financially stable, compared to 79 percent of non-millennial consumers. In fact, only 20.7

Retail 194

Retail Millennials Payments Analysis 194

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,

Survey 74

Survey Cards New York Millennials 74

PYMNTS

SEPTEMBER 30, 2020

Luxury retailers are also targeting millennial and Generation Z consumers to expand their customer bases, with one report showing that millennials accounted for 35 percent of high-end retail purchases, for example. Around The Buy Now, Pay Later World. billion this year — almost double last year’s total. About The Tracker .

Payments 279

Payments Millennials Retail Trends 279

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.

Cards 100

Cards Survey Millennials Study 100

PYMNTS

JANUARY 28, 2021

A transformation toward contactless payments is underway at the nation’s credit unions as the public shuns cash and even physical cards to lower infection risks with COVID-19. PYMNTS’ research indicates that millennials (ages 23 to 39) and bridge millennials (ages 30 to 40) have the greatest interest in P2P payment use, for example.

Innovation 187

Innovation Millennials Payments Mobile 187

MyBankTracker

MARCH 30, 2021

According to a recent MyBankTracker survey, nearly two-thirds (61%) of American respondents said that they feel more in control of their finances in the past year since the pandemic. Here are the notable highlights from the survey: Highlights. Credit cards 7.40% 7.20% 7.70%. Report: 49% of Millennials Don’t Own a Credit Card.

Survey 52

Survey Study United States Millennials 52

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 27, 2019

Purchasing decisions are mostly driven by promotions, per 81 percent of people surveyed. Millennials plan to spend more money this holiday season, and will use their mobile devices to do the majority of their shopping. Credit cards are the favored payment type for the holiday season, a growing trend over the past few years.

Trends 130

Trends Millennials Retail Study 130

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 survey of more than 1,000 card users said 37 percent of consumers found their big complaint to be focused on slow lines.

Cards 100

Cards Washington Millennials Security 100

PYMNTS

JUNE 17, 2016

Millennials in China make the vast majority of the mobile payments taking place, eMarketer reported on Thursday (June 16). For many of those surveyed, roughly 35 percent, mobile shopping became a gateway to using other mobile payment services. But when it comes to P2P transfers, users tend to opt for WeChat over using Alipay.

Millennials 100

Millennials Mobile Payments Marketing 100

PYMNTS

DECEMBER 24, 2020

Millennials have shown remarkable interest in these solutions, which allow consumers to finance purchases with specific terms when they check out online. Millennials lead in the early adoption of BNPL, especially older “ bridge millennials ,” or those aged 32 to 41 who tend to have more purchasing power than their younger counterparts.

Payments 260

Payments Millennials Survey Trends 260

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

Bank Innovation

MAY 2, 2016

63% of the sought-after millennials don’t have a credit card, according to a survey commissioned by Bankrate and compiled by Princeton Survey Research Associates International. PayDay Lending, Overdraft Fees, Credit Cards all make money from the imprudent customer.

Fintech 150

Fintech Millennials Survey Lending 150