In today’s CardFlash News Que: IZP (Globebill); VIACOM (MDI); COLDWELL (Millennials) and SYNCHRONY (JA).
IZP – Chinese enterprise IZP and Lithuania’s central bank signed a cooperation agreement on setting up bank card association on June 22, allowing IZP’s global online payment arm Globebill to carry out card association business in Lithuania. Globebill, as a dual-currency card association, was being introduced to Lithuania, which the company will use as a base for exploring European market.
VIACOM – A recent three-year study (known as the Millennial Disruption Index, or MDI), sponsored by Viacom Media Networks of New York, found that the U.S. banking industry is at the highest risk of disruption by Generation Y and that 71% of these Millennials “would rather go to the dentist than listen to what banks are saying.” The MDI also states, “one in three Millennials are open to switching banks in the next 90 days.” So what’s a viable alternative?
COLDWELL – As mobile wallets and same-day online delivery become a cornerstone in the modern shopping experience, commercial real estate is quickly adapting to meet the warehousing and retail needs expected from consumers. A Coldwell Banker Commercial Affiliates survey, conducted by Harris Poll and released today, explores how retail expectations and habits have recently changed and how Millennials (ages 18-34), Gen Xers (ages 35-49) and Baby Boomers (ages 50-69) prefer to shop online and in stores.
SYNCHRONY – Synchrony Financial, a premier consumer financial services company with 80 years of retail heritage, reaffirmed its longtime support for Junior Achievement of Utah with a ribbon-cutting yesterday at its newly-branded JA City location as Synchrony Financial City Hall. The event was led by Margaret Keane, president and CEO of Synchrony Financial.