PYMNTS

FEBRUARY 13, 2019

percent for those with credit scores below 620 at the origination of the loan, up from 5.5 percent at the end of 2012. For borrowers at origination who had subprime scores between 620-659, the latest reading was 2.9 Originations last year were $584 billion, up 2.6 percent in 2012. percent, where the peak was 3.6

Federal Reserve 43

Federal Reserve Fed Credit Cards Origination 43

PYMNTS

MARCH 26, 2019

The United States Supreme Court has rejected an appeal by online shoe company Zappos over a data breach in 2012 that compromised the information of 24 million customers, according to a report from Reuters. Originally, a Nevada judge claimed only people who had suffered financial loss were eligible for damages.

Identity Theft 49

Identity Theft Data Breach Breach Encryption 49

PYMNTS

JANUARY 8, 2020

This isn’t Amazon’s first attempt at breaking into the luxury fashion market – the retail giant originally started trying in 2012, but was not successful. Amazon is planning to launch a luxury fashion platform in the first half of this year, according to reports. Part of the problem the eCommerce brand’s image.

Origination 53

Origination Participant Product Consumer 53

PYMNTS

JANUARY 15, 2020

Founded in 2012, EBANX originally processed payments for Brazilian clients of global websites and recently expanded to offer services to Brazilian eCommerce platforms. With an EBANX account, customers will get a card with 5 percent cash-back rewards and app-based payments features.

FinTech 67

FinTech Origination Accounts Economy 67

PYMNTS

OCTOBER 2, 2019

Founded in 2012, the ride-hailing unicorn – which is valued at over $1 billion – was the premier tech startup in the Middle East and North Africa. Uber and Careem originally entered into talks in July of last year in hopes of resolving what could be a costly rivalry in the area. Uber paid $3.1 billion to take ownership.

Origination 75

Origination Innovation Transactions Continuity 75

PYMNTS

DECEMBER 6, 2019

The original probe was triggered by allegations that Facebook violated a 2012 consent decree with the FTC by sharing personal information of about 87 million users with Cambridge Analytica. In July, Facebook agreed to pay $5 billion to the FTC to resolve the probe into the matter.

FTC 52

FTC Federal Trade Commission Participant Privacy 52

PYMNTS

NOVEMBER 20, 2018

Fox had acquired 80 percent of YES in two transactions, one in 2012 and another in 2014. For months now Amazon has been going after original content including live entertainment and sports. The second round of bids is slated to come in before the end of 2018. Due diligence on the bids will commence next week, reported CNBC.

Due Diligence 62

Due Diligence Origination Acquirers Transactions 62

PYMNTS

NOVEMBER 8, 2018

According to the FTC , the company violated the settlement struck in 2012 that stemmed from charges that the company had aided and abetted wire fraud. In that case, the FTC said MoneyGram did not address fraud that had originated from its large agents, and instead had focused its lower-volume, smaller agents known as “mom and pop” agents.

FTC 64

FTC Settlement Federal Trade Commission Fraud Prevention 64

PYMNTS

FEBRUARY 6, 2019

Citing the CDC, Calm said meditation practice more than tripled in terms of usage from 2012 to 2017. The company has original stories read by celebrities including Matthew McConaughey, Stephen Fry and Leona Lewis. What’s more, the company said one in four Americans have trouble sleeping.

Origination 49

Origination Participant Finance Consumer 49

PYMNTS

NOVEMBER 20, 2019

An Amazon Go grocery store initiative has been underway since 2012, and some $1 billion in salaries have gone to people working on the project, the source said. The Amazon Go concept was originally launched with big supermarkets in mind but was dropped in favor of smaller convenience stores featuring grab-and-go staples.

NOV 40

NOV Origination Technology 40

PYMNTS

APRIL 3, 2019

originally invested $1 billion for 30 percent of Alibaba in 2005, when Yahoo! sold its stake back to Alibaba in 2012, when the shares were valued at $13. Any shareholder has the right to deal stock anytime on the market, for any purpose. We’re happy to have had Yahoo!

Origination 43

Origination Returns Risk 43

PYMNTS

MAY 15, 2019

Part of the reasoning for the original rejection was that the transfers in question happened before more stringent money laundering rules were put in place — in 2014 — and the statute of limitations in the case had passed. He alleges that the accounts were used to launder $176 million between the years of 2006 to 2012.

Money Laundering 46

Money Laundering Authorization Crime Origination 46

PYMNTS

OCTOBER 14, 2019

As Tabis explained , the problem with the flower market is opacity – whether the customer walks into their local florist or picks up their phone to order a quick bouquet online, they don’t really know where those flowers originated or how they were grown. The flowers come from a middleman, and their origin is largely unknown.

Origination 57

Origination On-Demand Process Returns 57

PYMNTS

APRIL 16, 2018

The think tank found a decline of 410 basis points in the retailer’s apparel share as its revenues declined by $3 billion from 2012 to 2017. According to SimilarWeb, more than half of online traffic for general merchandise originates from mobile platforms. Even so, there are opportunities for retailers like Macy’s in the mobile arena.

Origination 44

Origination Checks Research Technology 44

PYMNTS

MAY 2, 2016

Chain Store Age reported that TJX has jumpstarted an expansion project for Sierra Trading Post (STP), a subsidiary originally acquired in 2012.

Posting 40

Posting Origination Acquirers Continuity 40

PYMNTS

AUGUST 30, 2018

The company launched in 2012 and focused on storing holographic data before shifting to glasses that can be used for augmented reality. The global augmented reality market — which includes not only retail and eCommerce, but also aerospace and other areas — will approach $134 billion in 2012, up from about $3.3 Other AR Moves.

PayPal 41

PayPal Technology Research Origination 41

FICO

AUGUST 15, 2018

The first clear trend observed around newly originated mortgages is that as we get further away from the Great Recession, underwriting criteria seems to have eased and a broader section of consumers are obtaining mortgages as a result. Mortgage Borrowers: Increases and Decreases to Their FICO Scores.

Research 53

Research Consumer Origination Underwriting 53

PYMNTS

APRIL 19, 2017

According to Stefano Favale, head of global transaction banking at the Italian FI, transactions between originator and beneficiary accounts will “take no more than 10 seconds.” Intesa Sanpaolo first partnered with Dovetail in 2012 and first offered a look into their European payments initiative a few months later.

Real Time Payments 40

Real Time Payments ISO 20022 Cross-Border Payments Cross-Border 40

PYMNTS

JANUARY 9, 2020

This isn’t Amazon’s first attempt at breaking into the luxury fashion market – the retail giant originally tried in 2012, but was not successful. We were kind of the original disruption in the fashion retail space, as it brought the concept of sharing a closet to the forefront in 2009.

P2P 55

P2P Duplicate Origination Economy 55

PYMNTS

MAY 3, 2016

2010 | The year John and Patrick Collison founded Stripe, which was originally created as a startup called /dev/payments but was changed to a less confusing name. Soon after, in May 2012, it closed a $20M Series B funding round. 2011 | The year Stripe launched to the public (September 2011) after it ran its private beta.

Origination 40

Origination Mobile Payments FinTech Payments 40

PYMNTS

JUNE 15, 2018

The think tank found a decline of 410 basis points in the retailer’s apparel share as its revenues declined by $3 billion from 2012 to 2017. According to SimilarWeb, more than half of online traffic for general merchandise originates from mobile platforms. Even so, there are opportunities for retailers like Macy’s in the mobile arena.

Technology 40

Technology Consulting Origination Research 40

PYMNTS

MAY 4, 2018

The retail chain originally launched LEASE IT in 2012, aimed at providing an affordable solution to those who do not have credit or cannot benefit from layaway because they need the product immediately. Since its debut, LEASE IT has processed over one million leases, which prompted Sears to offer it on a grander scale.

Finance 40

Finance Payment Amount Credit Cards Agreements 40

PYMNTS

MAY 4, 2018

The retail chain originally launched LEASE IT in 2012, aimed at providing an affordable solution to those who do not have credit or cannot benefit from layaway because they need the product immediately. Learn more about its pricing, its revenue challenge and why MoviePass is suing this competitor.

Data Breach 40

Data Breach Breach Origination Finance 40

PYMNTS

MARCH 18, 2019

The term “money laundering” is believed to have originated as a result of infamous Chicago gangster Al Capone’s habit of channeling criminally obtained funds through laundromats, as their cash-heavy nature made it more difficult for the right side of the law to detect such money mixed in among legitimate payments.

Money Laundering 72

Money Laundering Automation AML Compliance 72

Payment Savvy

JUNE 18, 2020

According to analysts, in 2012, it was observed that SWIFT facilitated up to $6 trillion per day. These codes comprise those of an institution, it’s country of origin, location, and Branch. In 2015, more than 6.1 billion payment instructions were sent through the network. How Does SWIFT Works? SWIFT doesn’t send money.

SWIFT 52

SWIFT Funds Transfer Facilitators Correspondent Bank 52

CB Insights

JULY 18, 2018

” Hence, the company’s original slogan: “Travel like a human.” Website as of: June 2012. Website as of: August 2012. When Instacart was founded in 2012, there were already other apps trying to push the disruption of grocery delivery forward. Website as of: September 2012. ” Flipkart.

Bitcoin 65

Bitcoin CRM Checks Cybersecurity 65

PYMNTS

MAY 6, 2016

The Walmart greeter officially said goodbye in 2012 — but now they’re back. The Walmart greeter was an innovation original to Walmart founder Sam Walmart, but the position was cut four years ago as a cost-saving mechanism and repurposed to store management and customer service functions.

Returns 40

Returns Origination Innovation Continuity 40

PYMNTS

FEBRUARY 5, 2020

This drives up cost to originate new loans, especially for the lower credit quality borrowers to whom many retail card portfolios skew.” CECL traces its roots back to 2012, and the aftermath of the Great Recession, when banks and other lenders did not recognize or reserve against loan losses as they faced economic downturns.

Rules 63

Rules Accounts Credit Cards Credit Union 63

PYMNTS

JULY 8, 2016

“When I started Flat Out of Heels, eCommerce was not in the original business plan,” Dickson said. “I wanted to go to vending and retailers first, and that is the route that I took — trade shows and trying to connect with buyers.

Origination 44

Origination Acquirers Product Continuity 44

PYMNTS

FEBRUARY 5, 2020

This drives up cost to originate new loans, especially for the lower credit quality borrowers to whom many retail card portfolios skew.” CECL traces its roots back to 2012, and the aftermath of the Great Recession, when banks and other lenders did not recognize or reserve against loan losses as they faced economic downturns.

Rules 56

Rules Credit Cards Credit Union Accounts 56

PYMNTS

JANUARY 11, 2017

Drug company Valeant Pharmaceuticals International is shedding four of its brands — three skincare and one cancer treatment business — and experts say it’s good money, considering what the company original bought those brands for. French cosmetics company L’Oréal is purchasing three skincare brands from Valeant for $1.3

Federal Trade Commission 40

Federal Trade Commission FTC Legal Origination 40

PYMNTS

SEPTEMBER 24, 2018

The retail chain originally launched a program called LEASE IT in 2012, aimed at providing an affordable solution to those who do not have credit or cannot benefit from layaway because they need the product immediately.

Credit Cards 70

Credit Cards Digital Currency Process Product 70

PYMNTS

AUGUST 3, 2017

The company launched in 2012 and operates across both consumer and business financing markets. It acquired the asset origination operations under Quark Finance last month, adding 71 branches under the Dianrong name. Dianrong recently introduced a Hong Kong marketplace for Asian investors to purchase consumer loans.

Finance 40

Finance Automation Risk Management Origination 40

PYMNTS

SEPTEMBER 19, 2017

2012 not to use third-party content such as images and reviews from parties that opted out, a practice known as “scraping.” The company is now demanding the Federal Trade Commission reopen that 2012 Google case “ immediately.”. Google agreed in Dec. Yelp has previously requested that Google stop scraping from its site. Take My Money.

Payment APIs and Integration 40

Payment APIs and Integration Federal Trade Commission Online and Mobile Banking eWallet 40

CB Insights

SEPTEMBER 22, 2017

As smaller digital media startups focus on short-form video, the big 4 subscription streaming services — Amazon, HBO, Hulu, and Netflix — are competing for market share by doubling down on long-form original content. Apple has reportedly set a budget of roughly $1B for investment into original video programming over the next year.

Origination 45

Origination Research Continuity Accounts 45

PYMNTS

NOVEMBER 25, 2019

When Wize Monkey Co-Founder and CEO Max Rivest was studying for his master’s degree in France near the end of 2012, he was also working on a design contract for a client in Vancouver, Canada. The timing, however, wasn’t ideal. It’s a nine-hour time difference,” he told PYMNTS in an interview. Rivest was working long and irregular hours.

Product 60

Product Credit Cards Consumer PayPal 60

FICO

FEBRUARY 22, 2017

According to the Ellie Mae’s Origination Insight Report , adjustable-rate mortgages (ARMs) only represent about 4-5% of mortgage originations on a unit basis. In other words, more lower-scoring consumers were given car loans during this timeframe.

Underwriting 56

Underwriting Adjustments Origination Consumer 56