Amex bets on millennials, Gen Z for growth
Payments Dive
MARCH 14, 2023
As it pursues younger consumers, the company is angling to ensure its high-fee cards offer enough value for millennials and Gen Zers.
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Payments Dive
MARCH 14, 2023
As it pursues younger consumers, the company is angling to ensure its high-fee cards offer enough value for millennials and Gen Zers.
Bank Innovation
JUNE 27, 2017
It might be a better idea to focus on its parent company. Most millennials—more than 90%—have used or are using PayPal currently, according to the Millennial Money survey released last week by Vested. Still working on that Venmo-killer app? Other “innovative” banking products (i.e.,
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Bank Innovation
APRIL 5, 2017
61% of investors in the millennial generation are saving for retirement, buying a home, or for other long-term financial goals, according to a survey conducted by digital investment company Stash. The next most common […].
PYMNTS
NOVEMBER 5, 2020
As to who’s getting instant payments and where they are getting those payments from, it’s the bridge millennials, the younger generations, right on down to Generation Z. And the data show that millennials and Gen Z are among those cohorts most likely to have received instant payments. percent of millennials. And with 25.8
Bank Innovation
MARCH 8, 2018
While millennials remain the top adopters of mobile banking, the generation is also more likely to have problems with their financial apps, a new survey released by online mobile payment and identity verification company Jumio found.
Bank Innovation
DECEMBER 12, 2017
Global payments technology company Mastercard is opening a new platform aimed at the financial management needs of the millennial generation, the company announced today.
PYMNTS
MARCH 6, 2020
San Francisco-based Empower Finance, a mobile banking app aimed at helping millennials save wealth, has raised $20 million in a Series A funding round led by Defy Ventures and Icon Ventures, according to a report. The company, which was founded in 2017, is run by a former Sequoia Capital partner named Warren Hogarth.
Bank Innovation
JANUARY 5, 2018
Automated investing platform Wealthfront has just closed a $75 million round of funding, which will be used to build out its millennial-focused platform, the company announced yesterday.
Bank Innovation
FEBRUARY 6, 2018
EXCLUSIVE— Digital mortgage company Better Mortgage has displayed rapid growth over the last year, originating $157 million in mortgages during 2017: a 1500% increase from the $10 million it originated in 2016.
Payments Dive
DECEMBER 16, 2024
The credit card company is sticking with a strategy to concentrate marketing on the millennial and Gen Z generations shaping shopping trends.
PYMNTS
FEBRUARY 10, 2020
So much so that Reynolds quickly grew beyond being an aluminum foil company, expanding into an entire universe of home products: cling wrap, parchment paper, plastic containers, etc. The company also used Instagram to launch the “endless table” campaign, centered around all the foods one can cook with Reynolds wrap.
PYMNTS
JANUARY 13, 2020
Millennials have long been sought-after travel and hospitality customers, partly because they are perfectly placed to seek such experiences. This unique status creates both opportunities and challenges for firms in the space, as millennials search for the experiences they crave. Furthermore, millennials are set to spend $1.4
PYMNTS
MARCH 29, 2019
This month’s Faster Payments Tracker explores the latest developments, as FIs and other companies seek to provide or tap into accelerated payment services. In some cases, clients who send utilities payments may have their services temporarily cut off if the money is slow to reach the companies. Around the Faster Payments World.
PYMNTS
AUGUST 26, 2019
Retailers looking to engage tech-savvy millennials and Gen Z consumers are quickly doubling down on their efforts to offer more visual content and enhance the discoverability of their products and services. A survey conducted last year found that 62 percent of millennials prefer visual search over other search methods.
Chris Skinner
JANUARY 20, 2019
Ever since I started working in business process re-engineering and transformation a while ago, before most millennials were born I should say, I learnt a lesson early on. Transformation will never work without a crisis point.
PYMNTS
MARCH 13, 2020
Recent research finds that 67 percent of millennial business owners operate independent companies rather than franchises. Recent research finds that 67 percent of millennial business owners operate independent companies rather than franchises. Proper tax education is critical to any business’s future, Daher said.
PYMNTS
SEPTEMBER 29, 2020
We see millennial and Gen Z customers absolutely shopping, and the brands that deeply understand them are growing at faster rates than they have ever grown before,” Molnar said. Kostick said the company had to say to itself: “We have these great knowledgeable retail associates in our stores, so how do we leverage that?
PYMNTS
JULY 15, 2020
The enrollment period for the Greenhouse mobile banking program has ended, and we’re no longer accepting new applications,” the company wrote on the Greenhouse program’s website. Millennial-Banking Apps Are Struggling. If there isn’t, look for more banks to discontinue their millennial-focused apps. For instance, J.P.
PYMNTS
AUGUST 7, 2020
Such payments take days to arrive and are sparking frustration among consumers, leading many companies to consider implementing digital methods that can zip these funds more directly into consumers’ hands. How Digital Disbursements Are Becoming Critical In The Millennial Investing Industry. About The Tracker.
PYMNTS
AUGUST 23, 2019
An AI-Powered Visual Shopping Experience For Millennials, Gen Z. Tech-savvy millennials and Gen Z consumers want a shopping experience that offers visual search to enhance product discoverability, harkening to social media apps such as Instagram and Pinterest. To learn more, visit the Playbook’s feature story.
PYMNTS
APRIL 15, 2020
At the same time, other companies, such as online retailer Amazon , have been hiring at a brisk pace. Accenture and Verizon have launched a new initiative that aims to bring together the workers whose jobs have vanished overnight and the companies that may be booming in contrast. millennials identified as gig workers.”.
Perficient
AUGUST 18, 2022
However, those not in the wealthy or close to retirement-age categories – i.e., Gen Z-ers, millennials, and low to mid-income individuals – could greatly benefit from a financial advisor’s assistance, and financial advisors can stand to profit by diversifying their business books, as well. population.
Bank Innovation
AUGUST 16, 2017
Is sustainable investing just a millennial gimmick, or a valuable new model for investment? Aspiration, which calls itself a “socially conscious” banking service, tailors its products to the more discerning eye of millennial consumers, who may watch which companies are receiving […].
PYMNTS
JANUARY 26, 2021
Pilot will use the money to help boost its back-office services that remove distractions in order to help companies focus more on business, the release stated. Pilot has been working for some time to help small- to medium-sized businesses (SMBs) access the kinds of finance powers available for bigger companies.
Payments Dive
JULY 23, 2024
Gen Z and millennials are driving spending, sometimes as premium customers, to the benefit of the credit card company.
PYMNTS
SEPTEMBER 11, 2019
As many as 72 percent of bridge millennials say mobile apps are important for accessing bank accounts. In a bit of granular detail, the authority will offer up two “full bank” licenses, which will allow non-banking companies to offer a gamut of services, including taking on deposits from retail customers. Circling back to the U.K.,
PYMNTS
DECEMBER 6, 2019
Consumers — especially millennials and Generation Z — are looking for new commerce experiences during the 2019 holiday season. The Tracker also explores how the payment preferences of younger generations — such as bridge millennials, millennials and Gen Z — may be well-suited for utilizing BNPL. About The Tracker.
Bank Innovation
MAY 8, 2017
The company, launched by a PayPal cofounder Max Levchin, provides point-of-sale loans that allow customers, particularly millennials, to finance purchases with participating merchants. Affirm, the lending startup that provides loans at the POS, is looking into launching everyday-use virtual credit cards, Bank Innovation has learned.
PYMNTS
NOVEMBER 22, 2019
That fundamental difference in what counts as a best-case scenario has caused millennials to turn away from revolving credit products, Afterpay Co-founder and CEO Anthony Eisen told PYMNTS in a recent conversation. The company recently announced that Facebook’s former Chief Marketing Officer Gary S.
PYMNTS
AUGUST 10, 2020
Also striking is that payees feel they receive limited payment choices in general, even though the companies with which they do business — known as “payors” — report providing various disbursements options. To learn more about how offering instant disbursements can help firms close the payout choice gap, download the Report.
PYMNTS
MAY 1, 2020
She said she believes that because of the volume of visitors Tradesy has per month, roughly 8 million, and the demographic of those shoppers, mostly millennial women, the company’s odds are much better of recouping value via its platform than through traditional channels. And the company is aiming to make it easier still.
Perficient
JANUARY 12, 2021
Gartner also reports that 30% of Gen Z and Millennial shoppers wish that online shipping experiences would incorporate AR/VR features, though less than one-fifth of analyzed brands have integrated them. Take MTailor , a company that created a mobile app experience to be your digital tailor.
Bank Innovation
AUGUST 23, 2017
EXCLUSIVE – Add another financial wellness app to the list, millennials. Douugh, a fintech company that uses artificial intelligence (AI)-based to provide financial guidance, launches today. The AI-based platform is guided by Sophie, a 24/7 personal assistant for finances.
PYMNTS
JANUARY 8, 2021
Robinhood ’s platform is popular with amateur retail investors, particularly millennials and Gen-Zers. The IPO would come on the heels of an SEC settlement by the company over claims that it misled users of its platform. The company has also hired two new compliance officers. Robinhood may go public as early as this quarter.
Bank Innovation
APRIL 25, 2018
EXCLUSIVE— Millennial and Gen Z-focused credit card provider Deserve has raised $50 million from the Keystone National Group, funding earmarked for the startup’s expansion of account receivables, the company announced today.
PYMNTS
APRIL 8, 2019
The latest estimates from the Small Business Administration (SBA) peg the number of new SMBs at 414,000 each year, spurring job creation and economic growth for the country, with millennial entrepreneurs at the helm. Yet, once a company starts to churn a profit, business owners rarely consider their strategy of an eventual exit or sale.
Perficient
FEBRUARY 18, 2021
The former being one that is less talking about outside company walls. Companies like to focus on accelerating digital transformation to be the ‘leaders of Industry’. You can also learn more about how Perficient can help companies with their digital transformation on our site. It’s a bit sexier to spin it that way.
PYMNTS
JANUARY 12, 2021
Demand among businesses — especially smaller firms — skyrocketed as they attempted to blunt revenue challenges and keep their operations above water, but these companies faced numerous hiccups when securing financing. Instant Payments and the Millennial Push.
PYMNTS
OCTOBER 7, 2020
No responsible executive would tell their shareholders that they’re skipping aggressive sales tactics on a day when most people are off work and most retail companies are still trying to pull some semblance of a year out of the ashes of 2020. And then there are the millennials. consumers representing some $112.5 percent accordingly.
Bank Innovation
JULY 9, 2019
Savings app Digit is pinning its hopes on millennial and Gen Z customers who are storing up funds for a rainy day. “We serve a pretty diverse population relative to most finance and fintech companies, and the majority of our customers are actually women,” said Vishwas Prabhakara, Digit’s chief operating officer.
PYMNTS
SEPTEMBER 16, 2019
Analysts pinpoint certain companies as bellwethers for the performance of a sector. 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. Pundits identify bellwether states to predict election outcomes. This group of 60 million U.S.
PYMNTS
NOVEMBER 9, 2020
Having digital payment options is even more important to bridge millennials, millennials and members of Generation Z than to the average consumer — and far more important than it is to either Generation X consumers or baby boomers and seniors,” notes the PYMNTS How We Will Shop Report , a collaboration with PayPal.
PYMNTS
APRIL 13, 2020
Companies are continuously trying to meet these customers where they are, which means they must offer their full range of services via mobile — including hassle-free disbursements. Millennials are among the top financial app users: 94 percent of surveyed millennials use P2P apps like Venmo and Zelle.
PYMNTS
APRIL 16, 2019
trillion opportunity, the company said, citing a figure from Accenture. Among the main consumer segments targeted by POS financing providers are millennials , in part because they are being left out when it comes to tapping into home equity. As well, Bankrate has estimated that roughly 33 percent of millennials have cards.
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