CB Insights

SEPTEMBER 10, 2019

A 2018 survey by Bank of America shows that millennials’ top financial priorities were saving for emergency funds (64%), saving for retirement (49%), and saving to buy a house (33%) — not much different from the concerns their baby boomer parents had 30 years ago. From big banks to big tech. From big banks to big tech.

Finance 77

Finance Online and Mobile Banking Micro-Entry Advisors 77

Clearly Payments

MARCH 18, 2024

billion in 2018. They’re also big fans of mobile wallets. billion mobile wallet users worldwide, with Gen Z and Millennials leading the pack. Baby Boomers (born 1946-1964): They still rely on cash quite a bit, according to a study by the Federal Reserve Bank of Boston. Cash usage dips to around 13%.

Credit Cards 105

Credit Cards Federal Reserve FedNow Online and Mobile Banking 105

PYMNTS

SEPTEMBER 3, 2018

Since we would hate for anyone to go into the end of 2018 behind the eight ball, we decided to pay tribute to both a great bit and a great deal of news with our own top 10 list of the biggest news of summer 2018. million in tokens for DENT, a mobile data ICO; and over $1.1 Theranos Investors Settle. They also stole $13.8

PayPal 40

PayPal Zelle Online and Mobile Banking P2P 40

PYMNTS

MARCH 18, 2019

P2P app Venmo was born out of that argument, changing how friends, family members, co-workers and acquaintances split bills and loaned money. Now, a decade after its launch, Venmo is sharing the P2P stage with other players, Early Warning Services’ Zelle being the most notable among them. billion in assets. A P2P Balancing Act.

P2P 59

P2P Zelle Security Venmo 59

PYMNTS

JULY 25, 2019

Consumers may still champion cash as their preferred method of payment, but its use declined 3 percent as measured between 2015 and 2018. Other options, such as credit cards and payment apps like Venmo , are increasingly gaining traction. For online shoppers in Germany, payment by invoice remains the most popular choice.

Online and Mobile Banking 75

Online and Mobile Banking Payments Cross-Border Alternative Payment Methods 75

PYMNTS

DECEMBER 24, 2018

Moreover, Adobe projects that voice-assisted retail will prove to be a big hit during the 2018 holiday shopping season — and that consumers already devoted to the technology will buy even more gear for themselves and others. #3: 6: With Person-To-Person Mobile Tech. But that’s changing in this era of mobile and digital commerce.

Consumer 83

Consumer Online and Mobile Banking Debit Card Volume 83

PYMNTS

JULY 23, 2018

Target reported that its one-day sale on July 17 was its biggest online shopping day of the year, in terms of both traffic and sales. Prime Day has turned into a huge opportunity for all online retailers.” People love to comparison-shop, with many turning to Amazon’s competitors to compare deals and prices. Install Bing?

Zelle 40

Zelle Venmo P2P Online and Mobile Banking 40

PYMNTS

JUNE 22, 2018

Matching buyers and sellers is nothing new, of course, and mobile is proving to be a new conduit. Holding bank stocks pays dividends : Shareholders in 22 of the U.S.’s s largest listed banks are set to receive almost $170 billion in dividends and stock buybacks over the coming year, 25 percent more than in 2017.

P2P 40

P2P Zelle Phishing Venmo 40

PYMNTS

JANUARY 23, 2020

They may be less common in retail, especially as more purchases move online, but they are holding on as the disbursement methods of choice for businesses. Mobile apps like Bravo and Gratuu have emerged to make splitting tips less reliant on cash, but such offerings have yet to reach critical mass in the industry.

Instant Payments 56

Instant Payments Real Time Payments Online and Mobile Banking Payments 56

PYMNTS

OCTOBER 5, 2016

The use of prepaid cards has exploded over the last decade or so — in 2003 consumers put less than $1 billion on prepaid cards annually, but by 2012 that figure had grown to $65 billion and by 2018 that figure is projected to reach as much as $121 billion. The user base of prepaid cards has grown significantly as well.

CFPB 75

CFPB Rules PayPal Debit Card 75

PYMNTS

OCTOBER 26, 2018

Fitness tracker sales are forecast to fall by 43 million units in 2018, and are predicted to fall to 39 million total units sold by 2022. CCS further notes that much of the growth in 2018 has been driven by Apple and its smartwatch product. Source: How We Will Pay Report 2018 Edition. Source: How We Will Pay Report 2018 Edition.

Office of the Comptroller of the Currency 53

Office of the Comptroller of the Currency B2C P2P Online and Mobile Banking 53

PYMNTS

DECEMBER 20, 2019

The biggest example of that is bank fees. You can connect your bank accounts, and [the app] will look at all of the overdraft fees so you can get the money back.”. This process is the same for banks. After all, online payouts are still not safe from fraudsters, who can make moves with millions of stolen customer credentials.

Legal 52

Legal Checks Settlement ACH 52

PYMNTS

FEBRUARY 28, 2019

The Michigan High School Athletic Association, for instance, reported 12,722 registered sports officials in the 2008 to 2009 academic year, and that total fell to only 9,816 in the 2017 to 2018 season. The offering uses a Fiserv SDK that allows payments to be sent directly to recipients’ bank accounts via mobile or web-based platforms.

Reconciliation 43

Reconciliation Payments Payee Payer 43

FICO

FEBRUARY 17, 2023

From the rapid and sudden shift to online and mobile banking, to exploring artificial intelligence (AI) and hyper-personalization , the finance world is changing quickly. Banks and other financial institutions are adopting a digital first strategy, and there’s no going back. TJ holds a B.S. in computer science and a M.S.

Online and Mobile Banking 52

Online and Mobile Banking Scams Debit Card Risk 52

PYMNTS

DECEMBER 7, 2017

Until recently, there was a tidal wave of Pays out to conquer digital with the power of mobile payments. That may have something to do with the fact that the vastly expanded payments services providers have almost all found out that it is a lot easier to launch a mobile payments scheme than it is to actually ignite it. Target Pay .

Online and Mobile Banking 40

Online and Mobile Banking Mobile Payments Push-to-Card P2P 40

PYMNTS

JULY 1, 2019

billion, revenue was up 45 percent, profits were up 71 percent and mobile was driving a stunning 87 percent of ad revenue, just to highlight a few of the notable and impressive headlines. When Tencent made the move to mobile and launched WeChat in 2011, it had to persuade QQ users to download and use the WeChat app.

Bots 62

Bots Online and Mobile Banking Regulations PayPal 62

PYMNTS

DECEMBER 11, 2018

And they are incredibly mobile-connected – particularly when it comes to making choices about purchases, according to PYMNTS research. So-called online-only retailers — including Amazon — operate some 630 physical retail locations in the U.S., That presents ample opportunity for mobile retail. Digital Banking.

Online and Mobile Banking 68

Online and Mobile Banking Blockchain Venmo P2P 68

PYMNTS

FEBRUARY 12, 2018

The slowing growth is off a big base — and the fast growth of online commerce is coming off a very small one, they say, so it will be a long time before in-store sales really tank. What we get from the Census, then, probably underreports online’s cut of retail sales — but no one really knows by how much. billion people — will own one.

Caps 54

Caps Online and Mobile Banking P2P Economy 54