article thumbnail

From the source: Millennials share views about Alexa, Apple Pay, Venmo

Payments Dive

A panel at this year's Bank Customer Experience Summit brought together some college students from the University of Chicago to discuss how they view today's financial services.

Chicago 150
article thumbnail

Oars + Alps Gets $1.3-Million Funding Boost

PYMNTS

Chicago-based men’s grooming line Oars + Alps is hoping to change that with its $1.3-million Our goal is to create a year-round skincare line for millennials guys. Everything is designed for the millennials’ on-the-go lifestyle, which means it does not spill in their bag, and you can easily bring it on a carry-on for a flight.”.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Kohl’s Redoubles Omnichannel Efforts Amid Rise In Digital Sales

PYMNTS

Rewards and Millennials. And, to help reach millennials, the company has rolled out a “millennial initiative” to bring consumers in this demographic to its stores. With that aim in mind, the company plans to experiment with an “outfit bar concept” in 50 brick-and-mortar locations in Philadelphia and Chicago.

article thumbnail

Holiday 2020: Consumers Will Spend Less Overall, Spend More Time Online

PYMNTS

According to PYMNTS’ analysis of University of Chicago data, about 42 percent of consumers saved all or part of their stimulus payment. percent of millennial consumers say the same. Forty percent used the payment for debt such as mortgages, auto loans or student loans. Only about 15 percent said they spent the entire stimulus check.

Online 159
article thumbnail

Matchmaking Millennials To The Experiences They Desire

PYMNTS

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. KW: How do you make money?

article thumbnail

Banks Bring Coffee Shops To New Branches

PYMNTS

With the bank branch of the future, large institutions such as Capital One and Fifth Third are aiming to create spaces that appeal to millennials around Chicago that provide technical support, financial advice and — in some instances — cappuccino. By the same token, Capital One has brought three Capital One Cafes in Chicago.

Chicago 120
article thumbnail

‘Buy Now Pay Later’ Breaks Through

PYMNTS

Millennials and Gen Yers are notoriously distrustful of credit. millennials have a credit card – which is to say a single credit card – and why one-third of all Americans today have never even applied for one. cities (LA, Chicago, Brooklyn, Houston, Philadelphia) seeing the greatest action.