Community financial institutions (FIs) should look beyond the widely held notions about Millennials’ spending and saving habits.

While progress has been made on the U.S. EMV conversion, hurdles remain for many merchants.

Visa’s recently released Digital Commerce App gives FIs of all sizes a new option for strengthening their mobile presence and achieving top-of-wallet status. TMG plans on making this app available to its clients in the coming months.

“Omnichannel” is more than just a recent buzzword. It represents an expectation consumers have from their experiences with their merchants and their FIs. By understanding what drives consumers in this omnichannel environment, FIs can work to optimize the path to purchase.

Already, advancements in authentication methods, such as tokenization, provide greater consumer security in mobile payments.

Visa’s Quick Chip and MasterCard’s M/Chip Fast give FIs another arrow in their quiver as they woo remaining EMV doubters into embracing the technology.

The migration to EMV chip cards has been a positive experience for some and a less-than-ideal experience for others. Because EMV in the U.S. is still in its early stages, there are many kinks to iron out.

To remain relevant, card issuers should offer consumers card conveniences and benefits that best meet their needs.

Financial institutions can leverage big data in order to improve their credit card portfolios.

With the expectation that the Federal Reserve will implement additional interest rate changes in 2016, financial institutions should be prepared to respond.

When deciding whether or not to offer a rewards option, credit card issuers would do well to choose rewards.

Although student loan debt routinely makes the news as being the most challenging debt factor facing Millennials, credit card debt surpasses student loans as the most common form of debt for Millennials.