PYMNTS

APRIL 30, 2020

Banks must now consider how to best expand remote services and emphasize these channels once consumers can safely visit branches again. This month’s Deep Dive examines how consumers are approaching digital banking and how FIs are leveraging online and mobile channels to prevent service gaps during the pandemic.

Digital Banking 150

Digital Banking Mobile Online Millennials 150

Insights on Business

FEBRUARY 13, 2019

Banks continue their digital transformation journey to create new business models to satisfy today’s demanding customers. How do banks prepare for this new reality? For Bradesco, a large Brazilian bank, NEXT is the answer. Next is a digital bank, completely disassociated from the Bradesco brand.

Albuquerque 152

Albuquerque Digital Banking Millennials social media 152

PYMNTS

MARCH 20, 2018

for assistance with its “Digital 2x” initiative. The program aims to accelerate the integration and deployment of digital banking technologies and to improve member experiences. Further collaborations could be possible if credit unions and community banks can work better together, according to J. The good news?

Millennials 110

Millennials Report Community National 110

PYMNTS

DECEMBER 6, 2019

It’s the end of the workweek, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and commerce news. We have a deep dive into Colorado’s digital driver’s license effort and news on Alphabet’s new CEO, as well as data on millennial Black Friday spending. Top News . operations.

Millennials 101

Millennials Colorado Google Leadership 101

PYMNTS

JUNE 19, 2020

The world of payments and commerce continues to be a very busy place as the world reopens for business and consumers emerge with new preferences. Yann Ranchere , partner at Anthemis Venture Investing Group, joined Karen Webster for the latest episode of This Week In Payments to talk about all of the latest developments.

Digital Banking 142

Digital Banking Payments Tools Branding 142

NCR

MARCH 22, 2017

Today, millennials are the largest generation in the United States – and their levels of entrepreneurship are unprecedented. Millennials are starting more businesses than previous generations, and they’re starting them at a younger age than their predecessors. The result? More data security. More productive employees.

Millennials 49

Millennials Innovation Digital Banking Security 49

PYMNTS

NOVEMBER 21, 2019

A digital bank that raised $110 million from investors — including celebrities Leonardo DiCaprio and Orlando Bloom — is suddenly struggling to find additional funding, CNBC reported on Thursday (Nov. Last year , Cherny noted that while his firm serves all demographics, millennials tend to be its largest audience.

Digital Banking 100

Digital Banking Los Angeles Millennials Fintech 100

PYMNTS

MAY 28, 2019

Much thought is given to millennials and even Generation Z — consumers who were born during fixed periods of time, and who are having an increasing impact on payments and commerce. But let’s not forget the role of the teenager in digital retail, financial services and transactions. million in fresh capital.

Digital Banking 139

Digital Banking Google Mobile Groups 139

PYMNTS

SEPTEMBER 24, 2019

Digital banks , for one, are teaming up with technology providers to accelerate settlement times for payments collected at the point-of-sale (POS). 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.

Mobile 246

Mobile Payments Apple Millennials 246

PYMNTS

SEPTEMBER 3, 2020

Only 26 percent of all consumer payments are made in the U.S. Beyond the wholesale shift to digital payments, Cole told PYMNTS in a recent interview, there are pockets of growth that are seeing more digital acceleration than others as lockdowns linger and businesses reopen on a staggered basis. The Demographics .

Payments 262

Payments Security Millennials Retail 262

NCR

MAY 18, 2017

What direction will the payments industry take over the coming years? One concept that looks as if it will have a big part to play in the evolution of the sector over the coming years – particularly in the US – is person-to-person payments. That proportion rises to 62 percent of millennials.

Millennials 45

Millennials US Payments America 45

Banking 2020

MARCH 27, 2015

Consumers love paying bills with their smartphones: As technology continues to develop, consumers find themselves with more options than ever before for payments. Millennials in particular are increasingly using their smartphones to pay bills. Spotlight banking Digital finances millennials mobile money payments'

Millennials 40

Millennials Digital Banking Mobile Branding 40

Bank Innovation

JULY 11, 2018

Citizens Financial Group joins the latest band of established FIs in launching its version of a digital-first bank called Citizens Access.

Groups 225

Groups Millennials Digital Banking Operations 225

The Paypers

MARCH 1, 2021

Zytara , a digital banking platform and payment network designed for Millennials, has selected i2c , a provider of digital payment and banking technology, to launch a digital banking platform.

Digital Banking 28

Digital Banking Millennials Technology Payments 28

PYMNTS

AUGUST 5, 2016

The cost of doing business for banks is going to decrease as usage of digital payment methods increase, according to Brian Moynihan, Bank of America’s CEO. 4) that the company would save money and need to employ fewer people as customers make more electronic payments. on a payments network known as clearXchange.

Payments 100

Payments America Millennials Digital Banking 100

Chris Skinner

APRIL 30, 2018

Here are my headlines: 76% of millennials are looking for new forms of banking 40% of people in their twenties have downloaded a money management app 80% of millennials … The post The future of money (research report) appeared first on Chris Skinner's blog.

Report 280

Report Millennials Management Digital Banking 280

PYMNTS

JULY 15, 2019

Of all the banking institutions releasing Q2 earnings this week, watch for JPMorgan, whose strong performance can be credited to a growing millennial customer base and continued digital innovation. Continued development of JPM Coin has garnered interest from customers around the world, especially millennials.

Innovation 139

Innovation Millennials Conference cryptocurrency 139

PYMNTS

JANUARY 8, 2021

Clients of Simple Bank, a BBVA USA subsidiary, are reportedly getting emails informing them that Simple is closing and the plan is to move them to BBVA. After Simple rolled out as a digital bank focused on high-interest savings accounts, the current economic conditions made it unfeasible. The MetaBank, N.A.-issued

Cards 143

Cards Digital Banking Millennials Report 143

PYMNTS

JUNE 9, 2020

The alternate payment company said the offering is available through its app, which users can download from the Google Play Store or App Store. Affirm said that millennials and Generation Z comprise more than half of Affirm’s user base and are “especially suspicious of the fine print and hidden fees linked with traditional banking services.”

FDIC 151

FDIC Millennials Google Payments 151

PYMNTS

DECEMBER 3, 2019

In today’s top payments news, Wells Fargo has selected former Santander head executive Scott Powell to be its new chief operating officer. Also, Visa is working with four global finance firms to help FinTechs issue plastic as well as digital payments. And London’s digital unicorn Monzo has appointed TS Anil to head up U.S.

Fintech 132

Fintech Colorado Payments Operations 132

ATM Marketplace

JUNE 15, 2018

Move over millennials. Gen Z is on the scene and ready to leave its mark on banking and payments. Born after 1999, members of this demographic view the world completely differently than the generations that have gone before them.

Digital Banking 63

Digital Banking Millennials Payments 63

Banking 2020

APRIL 3, 2015

Alerts, the gateway to wearables: While many people are discussing the topic of payments features with wearables , experts believe that it will be alerts, not payments, which will be most convenient and most used by consumers. . Designing a digital bank: What are millennials looking for in their financial institution?

Digital Banking 40

Digital Banking Millennials Security Branding 40

PYMNTS

AUGUST 17, 2017

But, while closing physical bank branches might appear to be a wise cost-saving measure, the move comes with risks that could hurt banks’ relations with new millennial customers. For Bank of the West, this has meant trying to get in front of expectations rather than perpetually attempting to catch up.

Millennials 132

Millennials Digital Banking San Francisco Fintech 132

PYMNTS

MAY 4, 2017

Cash remains a preferred method of payments, and, as noted in Webster’s own discussions with payments executives, sometimes it is the only way people can pay. As for demographics, Pierce stated that tech use does indeed skew younger, but that millennials do use a hybrid of cash and digital payments.

ATM 192

ATM Millennials United States Study 192

PYMNTS

FEBRUARY 14, 2020

It’s the end of the workweek, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and commerce news. We have deep dives into unattended retail, rapid settlements and cybersecurity, as well as news on Mastercard receiving the go-ahead from China’s central bank to set up a bank clearing business.

Retail 141

Retail Cards Millennials Fraud 141

The Financial Brand

SEPTEMBER 14, 2020

It's both a payment and lending challenge — banks must match fintechs' point of sale 'buy now, pay later' service or they'll lose share. The post Gen Z, Millennials and COVID Fueling Rise in Hybrid Credit Card Alternatives appeared first on The Financial Brand.

Millennials 38

Millennials Cards Lending Branding 38

Bank Innovation

AUGUST 5, 2016

Banks only care about millennials, right? Not really, though marketing about digital efforts may make it appear that way.

Capital 150

Capital Online Millennials Tools 150

PYMNTS

MAY 1, 2020

It’s a powerful statement on payments preference. Debit has been riding a wave of popularity for years as credit-averse millennials and their cohorts became big spenders, but didn’t want to end up like their overextended parents did in 2008. No matter what. Not even COVID-19 could tempt them. Your Money, Your Way. Touchless, too.

Guidelines 131

Guidelines Digital Banking Millennials Online 131

CB Insights

JULY 25, 2019

Fintech is often associated with digital tools targeted at tech-savvy millennials. While many Boomers and senior citizens may not be aware of the wide variety of fintech services available to them, such as digital banking, a number of tools exist that aim to raise awareness. . get the REPORT on next generation investors.

Millennials 73

Millennials Fintech Tools Fraud 73

PYMNTS

SEPTEMBER 10, 2019

Customers of the WePay platform can now get faster deposits to their JPMorgan Chase bank accounts, CNBC reported on Tuesday (Sept. With other payment processors, when a small business is looking to get paid, it can take 24, 48, sometimes 72 hours over the weekend for that payment to hit,” Bill Clerico, CEO of WePay , told CNBC.

Millennials 194

Millennials cryptocurrency Cards Payments 194

PYMNTS

DECEMBER 11, 2018

As detailed in the recent PYMNTS Remote Payments Playbook , consumers are turning away from physical stores when it comes to product discovery. And that’s unlikely to change in 2019 or beyond, given the growing purchasing power of bridge millennials. percent — are willing to switch payments service providers if offered a better deal.

blockchain 170

blockchain Retail Trends Mobile 170

PYMNTS

JUNE 22, 2016

When it comes to American consumers, many may not be ready to admit how dependent they’ve grown on devices and the impact that’s had on the rapid growth of mobile banking and payments. The data shows there is an ever-growing daily dependence on mobile devices.

America 101

America Payments Mobile Survey 101

FICO

DECEMBER 5, 2022

Top 5 Surprises from FICO’s Fraud and Digital Banking Survey. Financial Institutions, such as banks, have expended great effort to improve digital security, yet bad actors are multiplying and attacks have increased in scope and frequency. FICO Admin. Tue, 07/02/2019 - 02:45. by Sarah Rutherford. expand_less Back To Top.

Survey 52

Survey Fraud Digital Banking social media 52

PYMNTS

JULY 23, 2019

Over the past few years we’ve become the payment partner of choice for challenger banks and FinTechs looking to offer new retail or commercial banking solutions.” . Innovation is growing in the small business and payments area, and “the next 12 months will be key,” Barnett said. . “We Atom, a banking startup in the U.K.

Millennials 144

Millennials Innovation Fintech Lending 144

PYMNTS

AUGUST 21, 2020

Deposits had already been trending away from community banks and credit unions anyway, but COVID-19 has accelerated that shift. In fact, the majority of 2020’s new accounts have gone to megabanks and digital banks, not to community institutions. Payments are increasingly becoming the doorway to the world of connected commerce.

Cards 224

Cards Mobile Community Bank Community 224

Banking 2020

APRIL 28, 2015

Digital banks are no longer in the ‘money’ business but rather, in the ‘value’ business. Unlike in the past, when more than two products from one bank made a customer loyal, customer behavior is fleeting and their expectations for digital banking is increasing every day, because technology is giving them numerous choices and control.

Customer Experience 40

Customer Experience Digital Banking social media Millennials 40

PYMNTS

JUNE 21, 2017

June’s PYMNTS Digital Banking Tracker™ looks at the latest trends in the digital banking space, including efforts by banks and FinTechs to give consumers new insights into their finances and the latest developments on the path toward Open Banking. About The Tracker.

Report 131

Report Digital Banking Millennials Fraud 131