PYMNTS

MARCH 16, 2017

During the childhood of many millennials, the online world was in its infancy stages. As such, TransUnion’s new research shows the millennial generation is much more cautious than other generations when it comes to payments security as a whole.

Millennials 108

Millennials Online Security Payments 108

PYMNTS

OCTOBER 20, 2016

19) released a report, dubbed “Millennial Study: Privacy vs. Customer Experience,” which charts the digital consumer preferences and behaviors of millennials in seven global markets — the U.S., Germany, Hong Kong, Malaysia, Mexico and Brazil — and found millennials are guarded about sharing their personal data.

Millennials 100

Millennials Study Data Customer Experience 100

PYMNTS

DECEMBER 13, 2019

It’s a world that has sprung up around the spending power and tastes of millennials and Gen Zers, and it’s getting hard to keep track of all the available options. According to one Mastercard study , about one-third of millennials and Gen Zers would let a bot plan their next trip in an automated fashion using data from their travel history.

Fraud 130

Fraud Millennials Comparison Online 130

PYMNTS

OCTOBER 15, 2018

Both solutions provide increased fraud protection to online transactions made via debit or credit cards. The changes also include enhanced fraud protections for merchants. As solution providers and other partners help in the fight against fraud, banks and other financial firms would be well-served to adopt 3DS 2.0

Fraud 165

Fraud Security Mobile User Experience 165

PYMNTS

JANUARY 2, 2019

The vast majority of consumers are still feeling confident about their financial situation, and younger consumers in the bridge millennial demographic are aging into their prime spending years. 2,225: The amount bridge millennials spend on average each year on retail purchases.

Millennials 158

Millennials Fraud Maine Retail 158

PYMNTS

OCTOBER 16, 2019

Concerns over security breaches and data privacy remain high, however, so providers will need to be sure users are properly protected from all manners of fraud as this ecosystem grows. There were 760 million fraud events for IoT devices using a single protocol this year, according to one recent study.

Millennials 191

Millennials Fraud social media Study 191

PYMNTS

JANUARY 21, 2021

Merchants, card issuers and banks are no strangers to facing off against evolving fraud threats. Debit-related fraud is a particular concern for businesses and banks as failing to thwart such schemes could have significant and costly consequences. Debit And The Fraud Catch . A PYMNTS study on U.S. A PYMNTS study on U.S.

Fraud 148

Fraud Strategy Study Cards 148

Payments Source

SEPTEMBER 20, 2018

For businesses that serve a predominantly millennial audience, knowing the age group’s tolerance toward online security measures is an important lesson that coincides with customer retention, according to David Britton, vice president of industry solutions of global fraud and identity at Experian.

Fraud 104

Fraud Millennials Retail Security 104

PYMNTS

NOVEMBER 4, 2019

In the company’s ongoing efforts to prevent fraud on its site, Amazon announced a new program, Intellectual Property Accelerator, last month to help sellers make sure their products won’t be copied or counterfeited. According to a new LexisNexis study , overall retail fraud attempts doubled year-over-year and tripled since 2017.

Fraud 124

Fraud Retail Online Study 124

PYMNTS

NOVEMBER 8, 2019

It’s no easy task, as the recent Fraud Decisioning Playbook shows. Data: 1.4M: Number of fraud reports the FTC received in 2018. 400: Average amount lost by millennial consumers per fraud incident. 81%: Share of fraud victims who said they interacted with a “false ad” last year. .

Fraud 101

Fraud Millennials Data Report 101

PYMNTS

MARCH 2, 2018

Millennials are apparently reporting losing money to fraud more often than seniors. But when seniors do become financial victims, they typically take a bigger hit than millennials do, the Federal Trade Commission (FTC) said in a press release. And tax fraud was the second most common type of identity theft reported by consumers.

Millennials 138

Millennials Fraud Taxes Report 138

Payments Source

AUGUST 29, 2019

Yet despite these limitations debit cards are beloved by millennials and anyone else who wants to avoid credit card debit. Debit cards often lack the rewards and spending power of credit cards, and thus do not figure prominently in TV ads or direct mail flyers.

Cards 136

Cards Millennials Fraud Mobile 136

PYMNTS

OCTOBER 1, 2019

The global threat of fraud shows no signs of slowing down. Losses related to fraud are valued at $14.7 billion, according to the most recent DataVisor Fraud Index Report. Developments Around The Digital Fraud World. consumers lose more to romance-based fraud than any other type of scheme.

Fraud 156

Fraud Millennials Regulation Trends 156

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. Billing issues and payments is the most common reason, cited by 29 percent of cardholders, followed by fraud and data security, cited by 23.8

Cards 216

Cards Data Millennials Report 216

PYMNTS

JUNE 15, 2016

When you talk to the co-founder and CEO of a mobile-first digital bank account offering, you are likely to hear that millennials, to put it lightly, are not fond of big banks. Whether it’s Chime or other apps, millennials are increasingly turning to their mobile devices to keep track of their financial health.

Millennials 100

Millennials Mobile Digital Banking Fintech 100

PYMNTS

DECEMBER 6, 2019

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. Millennials Were Black Friday’s Big Spenders in 2019. Millennials were the big Black Friday spenders , shelling out an average of $509.50 Top News . operations.

Millennials 101

Millennials Colorado Google Leadership 101

PYMNTS

MARCH 12, 2019

The digital bank is designed to target millennial consumers who are more comfortable using digital services, and comes equipped with live chat features to support digitally native conversations. Tapping into Emerging Tech: How Wells Fargo is Fighting Fraud. About the Tracker.

Digital Banking 209

Digital Banking Fraud United States Security 209

PYMNTS

OCTOBER 21, 2018

JPMorgan Chief Executive Jamie Dimon views technology as a way to keep back the competition from FinTech startups that are luring over millennial customers in droves. The CEO also sees technology as the key way to address and fend off cyberattacks and financial fraud.

Fintech 194

Fintech Fraud Millennials California 194

PYMNTS

DECEMBER 2, 2020

We pick on millennials a lot, but when we think about generations that are coming into this environment that are more digital natives, those folks trade on values,” Carnecchia said, regardless of whether that’s a business, government, school or healthcare provider.

Fraud 256

Fraud Branding Millennials Technology 256

PYMNTS

FEBRUARY 21, 2020

Forty-four percent of 200 millennials surveyed last year stated they were wholly responsible for making purchasing decisions at the B2B companies at which they worked, and an additional 33 percent played some role in this process. trillion by 2020, but new sales channels also invite emerging fraud forms. Detecting Fraudsters.

Customer Experience 152

Customer Experience Fraud Millennials Online 152

PYMNTS

SEPTEMBER 17, 2019

percent of seniors pay bills via mobile app, while Generation X consumers and bridge millennials are on the opposite side of the spectrum. Bridge millennials were the most likely to use an app to open a new account with a bank (23.8 More control is especially enticing to bridge millennials , millennials and Generation Z consumers.

Mobile 187

Mobile Millennials Study Digital Banking 187

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. . Recent research indicates the millennial generational group, those between 22 and 37 years of age, will be reflected by one in three U.S. workforce by 2025.

Millennials 161

Millennials Payments Capital Technology 161

Independent Banker

OCTOBER 1, 2022

Financial fraud and cyber attacks aren’t a one-age-fits-all scenario. Community banks can find ways to mitigate age-related fraud through technology, as well as by educating their customers of their particular risks. Reports about fraud losses: Millennials vs. people 40+. How to minimize age-related fraud.

Fraud 133

Fraud social media Millennials Examples 133

PYMNTS

OCTOBER 18, 2018

13 million to 17 million: Number of millennials forecast to purchase a home by 2022. 72 percent: Share of millennial consumers who rank homeownership as their top future priority. percent: Uptick in the cost of fraud for U.S. Data: 240 million: The number of invoices that run through Intuit’s QuickBooks platform annually.

Data 123

Data Millennials Taxes Fraud 123

PYMNTS

DECEMBER 6, 2019

Deep Dive: Redesigning Corporate Payments For Gen Z And Millennial Consumers. Millennials, aged 23 to 38, and Gen Z workers — those 22 and younger — are rising into more significant workforce participation and bringing new payments expectations with them. Download the Tracker to read the Feature Story.

Tools 186

Tools Payments Millennials Strategy 186

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

JANUARY 19, 2021

But as GeoGuard CEO David Briggs and People’s United Bank VP of Financial Crimes and Fraud Intelligence Karen Boyer told Karen Webster, realizing the full benefits of using geolocation will take a bit of education – for consumers, yes, but also for banks. Not all data are created equal, of course. percent,” he said.

Data 227

Data Fraud Los Angeles Compliance 227

PYMNTS

SEPTEMBER 20, 2019

Plot Thickens as FBI Probes Alleged MyPayrollHR Fraud. In the payments ecosystem, we need look no further than the bridge millennial to see how the connected purchasing experience will evolve over the next decade. Bank: Machine Learning Is Banks’ Best Bet Against Fraud. Fun, Cool and Otherwise Interesting.

Fraud 108

Fraud Payments Bitcoin Lending 108

Abrigo

OCTOBER 3, 2014

In the wake of several widely publicized fraud scandals over the last dozen or more years, such as Enron and Lehman Brothers, regulation of the accounting industry has come to the forefront of the public’s attention. His comments are not only applicable to his geographic region, but for sole props and firms across the country.

New Jersey 270

New Jersey social media Industry Regulation 270

PYMNTS

AUGUST 3, 2017

Some of the strategies outlined in the Task Force report include allowing a market-first approach to governing the faster payments system, greater education efforts for the industry and more research to develop fraud detection systems. Detecting fraud early and efficiently is a growing concern for all parties as faster payments rise.

Community Bank 117

Community Bank Community Report Millennials 117

PYMNTS

JUNE 29, 2016

As a result, fraud prevention and security must be — and is — a top concern for digital companies. According to recently released research from PYMNTS , fraud attacks are on the rise, up 215 percent year over year. We look at our users and we try to see, are you who you say you are, and are you going to commit fraud against us?

Fraud 100

Fraud Security User Experience Company 100

PYMNTS

APRIL 24, 2019

Though not the top priority for onboarding members, these features play an essential role in convincing Gen Z, millennials and Bridge Millennials to sign up with their current CUs. Bridge Millennials are more likely than any other generation to consider switching their primary FI, with 12.7 Among Gen Z members, 50.4

Innovation 134

Innovation Millennials Digital Banking Mobile 134

PYMNTS

AUGUST 26, 2019

From a ride-hailing company expanding into Vietnam to Visa implementing new tools to fight fraud, today’s payments news runs the gamut. Kohl’s to Tap Into Facebook Data to Create Millennial Clothing Line. Kohl’s has teamed up with Facebook to create a curated clothing line aimed at capturing millennial dollars.

US 109

US Millennials cryptocurrency Fraud 109

PYMNTS

SEPTEMBER 24, 2019

Millennials no longer rule the mobile services space. Many real-time payment systems only enable push payments because the rail’s designers believe this lowers the risk of fraud. Find these and all the rest of the latest headlines in the Tracker. Meeting Older Generations’ Rising Demands for Mobile P2P.

Mobile 246

Mobile Payments Apple Millennials 246

PYMNTS

OCTOBER 30, 2019

Shoppers can quickly fall victim to eCommerce marketplace fraud, which led to bad actors to making off with a full $450 million in the U.S. This month’s Digital Fraud Tracker™ explores how technologies like artificial intelligence (AI) and machine learning are helping companies better defend their customers. About The Tracker.

Fraud 101

Fraud Millennials Resources Tools 101

PYMNTS

JANUARY 14, 2021

Location, Location, Location: How Location Data Can Help Banks Prevent Online Fraud , a study by PYMNTS and GeoGuard , found that 55 percent of U.S. Gaining Consumer Trust. consumers — 138 million — share location data with at least one app.

Analytics 170

Analytics Data Study Millennials 170

PYMNTS

NOVEMBER 27, 2019

That’s especially true as millennials come up through the ranks, and are both comfortable and confident in using technology. Lotz cautioned that “table stakes” essential to CUs’ self-service offerings include satisfying the expectation that consumers have control over fraud alerts and how their accounts are monitored.

Innovation 215

Innovation Millennials Technology Examples 215