PYMNTS

JULY 15, 2016

The growth in Chinese ports has hit its lowest level in seven years so far in 2016, according to a report from Alphaliner. percent at smaller river ports (used primarily to ship goods to Chinese consumers). All in, traffic in China’s ports is at its lowest level sine 2009, when cargo volumes fell by 4.6

Volume 40

Volume Consumer 40

Fintech Finance

JULY 10, 2024

Since launching SketchMyCard, Papara has observed an increase in card orders, active users and transaction volumes. Established in 2016, Papara is a fast-growing fintech with over 20 million individual users. Holders are proud to share and use their self-designed payment cards.

Transactions 76

Transactions Volume FinTech Innovation 76

PYMNTS

SEPTEMBER 28, 2016

That is the story the CFPB is putting out today — since having been founded in 2011, the Consumer Finance Protection Bureau has handled over one million consumer complaints, a milestone they sailed past earlier this month. Getting the special shout-out from the complaints of September 2016 from the CFPB are money transfer services.

CFPB 59

CFPB Consumer Credit Cards Returns 59

PYMNTS

DECEMBER 23, 2016

Tricking someone into clicking on a fake website and turning over their personal data has been a favorite scam of hackers, and it doesn’t seem to be abating, with security firm Cyren reporting a fake Michael Kors shopping website coming in as the highest volume non-malware attack of all of 2016. In a blog post Thursday (Dec.

Volume 48

Volume Ransomware Scams Credit Cards 48

PYMNTS

JUNE 19, 2020

American consumers will be spending more time at home this summer as they continue to social distance amid the COVID-19 pandemic, and they are thus examining ways to spruce up their surroundings with home improvements and backyard landscaping projects. Demand Rises For Furniture, Garden Supplies . Department of Commerce announced.

Consumer 60

Consumer BNPL On-Demand Shutdown 60

PYMNTS

DECEMBER 9, 2019

Among the findings of the recent 2018 Diary of Consumer Payment Choice , produced through several of the U.S. consumers surveyed made more than half their payments with cards, at 54 percent of payments or 24 transactions. The study estimated that the average value per consumer payment came in at $92. As for cash holdings, U.S.

Fed 56

Fed Debit Card Consumer Federal Reserve 56

PYMNTS

OCTOBER 27, 2016

Cyber Monday will mark PayPal’s top shopping day of the year, with more than $25,000 in total payment volume (TPV) per second at peak of Cyber Monday. According to PayPal’s survey, 62 percent of consumers plan to make a charitable donation during the holiday season.

PayPal 65

PayPal Volume Mobile Payments Transactions 65

PYMNTS

NOVEMBER 24, 2016

So in honor of Thanksgiving 2016, with a big assist from the innovators who’ve helped us throughout the year with our new Matchmakers series, we decided to write the starter menu for innovators and matchmakers. Frictionlessness — consumer and merchants don’t want payments so much as they want friction-free transactions in the background.

Alternative Payment Methods 66

Alternative Payment Methods Cross-Border Innovation Blockchain 66

PYMNTS

NOVEMBER 28, 2016

But things appear to be improving, and they have consumers to thank for it. After all, October was the first year-over-year volume gain in 20 months, with the robust trend appearing to continue in November as well. carried more traffic provided by retailers that goes between trucks and railroads in October than any other month in 2016.

Consumer 43

Consumer Volume On-Demand Continuity 43

PYMNTS

DECEMBER 26, 2016

PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. Payments 2016: The Year Of Clarity For The Payments Sector. 2016 was the year 3-D Secure, specifically 3-D Secure 2.0, Today the vision is clear.

Payments 49

Payments Authentication Issuers Innovation 49

FICO

JULY 10, 2017

FICO regularly tracks the national FICO Score distribution as an important gauge of US consumer credit behavior. When I last blogged about this topic based on data from April 2016, the key takeaway was “the beat goes on.” year-over-year decrease in the recent serious delinquency rate between April 2016 and 2017 (17.1%

Consumer 75

Consumer Continuity Credit Limit Underwriting 75

PYMNTS

NOVEMBER 4, 2019

P2P payment services are stretching their wings, headed into the new decade with mostly robust growth – and even some new plans to gain customers and keep a tight hold on existing consumers. For starters, Zelle ’s Q3 results show that its year-over-year payment values increased by 58 percent, while transaction volumes rose by 73 percent.

P2P 40

P2P Zelle Venmo Consumer 40

PYMNTS

MAY 30, 2016

And to make sure that everyone starts off 2016, Part II on the same footing, we thought we would bring you a few of the top trending stories, as well as hot data/research topics, that will give you a head start on that all-important planning for 2016 and beyond. Store Front Business Index: Main Street USA, A-OK? Financial Inclusion.

Online and Mobile Banking 41

Online and Mobile Banking Demand Deposit Account (DDA) EMV Cross-Border 41

PYMNTS

DECEMBER 16, 2020

By harnessing the power of cloud-based architecture, financial institutions will be able to “safely and securely handle significant payment processing volume in near-real time.” . Founded in 2016, Form3’s cloud-native, API platform powers FIs to securely and efficiently run and scale their payments infrastructure. .

Real Time Payments 133

Real Time Payments Visa Faster Payments Near Real-Time 133

PYMNTS

JANUARY 13, 2017

Merchant processing volume, the company said, stood at over $1 trillion for the year. Further delving into credit, JPMorgan said that credit card sales volume stood at $148.5 million in November 2016. As for bank earnings, themselves: JPMorgan stands out with a sizable beat on the bottom line with $1.71 Revenues of $24.3

Consumer 40

Consumer Online and Mobile Banking Credit Cards Volume 40

PYMNTS

JULY 18, 2017

The consumer business, as management pointed out during a conference call with analysts, helped offset the trading segments, and then some. Numbers reflected in supplemental earnings materials showed that the consumer segment generated $2 billion in net income, up from a recent string of $1.6 Net interest income was up 8.6

Consumer 40

Consumer Federal Reserve Mobile Banking Volume 40

PYMNTS

DECEMBER 6, 2019

In the fifth official study conducted by the Federal Reserve Banks of Atlanta, Boston, Richmond and San Francisco, the 2018 Diary of Consumer Payment Choice (DCPC) detailed the cash and non-cash payment behavior of U.S. adult consumers who are 18 years old and older. Consumers in the U.S. And consumers in the U.S.

Fed 40

Fed Federal Reserve Volume Non-Bank 40

Finovate

FEBRUARY 6, 2024

Alloy made its Finovate debut at our developers conference, FinDEVrSilicon Valley 2016. Founded in 2015 and headquartered in New York City, Alloy made its Finovate debut at our developers conference, FinDEVrSiliconValley 2016. Embedded finance platform Liberis has teamed up with identity risk management innovator Alloy.

Risk Management 59

Risk Management Risk Embedded Finance Compliance 59

PYMNTS

DECEMBER 13, 2016

12) it crossed the $1 trillion mark in merchant payments processing volume for 2016 as of 11:06 p.m. According to JPMorgan Chase , merchant processing volume has grown annually from $750 billion in 2013 to nearly $950 billion in 2015. JPMorgan Chase announced Monday (Dec. Eastern Sunday (Dec.

Process 69

Process Card Issuer Issuers Volume 69

PYMNTS

APRIL 11, 2018

percent, respectively, over 2016. 2017 marks another significant achievement in the evolution of the ACH Network, as transaction volume was exceptionally strong and Same Day ACH was made fully available,” said NACHA Chief Operating Officer and General Counsel Jane Larimer. “The percent higher than similar volume reported in 2016.

ACH Network 44

ACH Network ACH Same Day ACH Transactions 44

PYMNTS

JULY 20, 2016

We’re a few weeks away from the opening ceremonies of the 2016 Summer Olympic games, to be held, this time, in Rio de Janeiro, Brazil. But away from the face of the consumer, the Olympics also offer a new hub for international procurement. With them, a surge of millions of people will enter the city from all over the globe.

Risk 41

Risk Cross-Border Due Diligence Faster Payments 41

PYMNTS

MARCH 20, 2018

in 2016 (the last year for which data is available), spending a net total of $333 billion. It’s also a number that is only expected to grow, as both the number of tourists and volume of spend increase. When [the Chinese consumer] comes into the U.S., The consumers and Alipay are coming to the U.S., Travel Association.

Consumer 45

Consumer ISVS Mobile Payments Debit Card 45

PYMNTS

SEPTEMBER 12, 2019

Order volumes are up 130 percent as measured between 2016 to 2018, indicating that the appetite for delivery is only increasing. 90 percent: Share of consumers unwilling to wait longer than 10 minutes for food ordered via mobile app. Data: $62 billion: Projected value of online restaurant delivery sales by 2022. $25

Volume 55

Volume Consumer Continuity Process 55

PYMNTS

JANUARY 26, 2017

The Electronic Payments Association (NACHA), steward and rule maker of the ACH Network, recently provided the Same Day ACH transaction volume data for September 23 to December 30, 2016. Direct deposit made up the largest segment of Same Day ACH transaction volume — some 52 percent, or 6.8 million transactions that totaled $5.9

Same Day ACH 54

Same Day ACH ACH Direct Deposit NACHA 54

PYMNTS

JUNE 22, 2020

Like contactless payments, “buy now, pay later” (BNPL) companies are having a right time, right idea moment thanks to COVID-19, as consumers look to stretch every dollar — buying time, as it were — until livings and revenues are adequately restored across a reeling economy. Wayfair has been offering flexible payments to customers since 2016.

BNPL 60

BNPL Debit Card Credit Cards Volume 60

FICO

JUNE 5, 2017

In the depths of the Great Recession, tens of millions of consumers had lapses in meeting their credit obligations. Some seven years down the line, those missed payments are being purged from credit reports in accordance with the Fair Credit Reporting Act, and these consumers may now be looking at a clean (or at least cleaner) slate.

Consumer 61

Consumer Volume Credit Cards Assessments 61

PYMNTS

SEPTEMBER 17, 2019

The latest move by the fast-food monarch follows efforts that stretch back to 2016, when consumers in the Netherland were able to buy their meals with cryptos, in Arnhem. In addition, trading volumes on the cryptos exchanges where the Whopper coins would change hands have shown no volume at all.

Bitcoin 85

Bitcoin Ubiquitous Volume Blocks 85

PYMNTS

APRIL 17, 2017

According to the data, the number of ACH transactions in 2016 topped 25.6 2016 marked a significant year for the continued evolution and growth of the ACH Network,” said NACHA President and CEO Janet O. Same-day direct deposits accounted for more than half of that Same Day ACH volume, with B2B payments making up a third.

Same Day ACH 40

Same Day ACH NACHA ACH ACH Network 40

Fintech News

JANUARY 31, 2024

Founded in 2016, Advance Intelligence Group leverages innovative technology and partnerships to build an ecosystem of products and services serving consumers, enterprises and merchants. Advance Intelligence Group claims it serves over 500 enterprise clients, 235,000 merchants and 40 million individual consumers.

FinTech 93

FinTech Cross-Border Cross-Border Payments Security 93

CB Insights

AUGUST 23, 2018

Live briefing: Consumer Banks in The Digital Age. Learn about the playbooks of today’s top banks as they digitally re-position their consumer products. JPM is the first consumer bank to give free trades to all retail customers. That’s driven by consumer trends, like Siri, Google Home, and Amazon Alexa.”

Consumer 76

Consumer Online and Mobile Banking Credit Cards Push-to-Card 76

PYMNTS

SEPTEMBER 15, 2017

With same-day debit , Larimer said, “consumers know their true balance faster.” This may prove especially useful for lower-income consumers, for whom knowing precisely how much money they have available in their accounts is critically important, Webster surmised. “In 2016 and July 2017. 2016 and July 2017.

Same Day ACH 52

Same Day ACH ACH NACHA Credit Transaction 52

Fintech News

JANUARY 7, 2024

Between January and October 2023, QRIS transaction volume reached 1.6 Finally, fostering a strong demand for payment solutions requires continuous education and awareness efforts to encourage consumers and businesses to adopt digital payments.

Financial Inclusion 95

Financial Inclusion Innovation Payments NOV 95

PYMNTS

AUGUST 1, 2017

In lieu of the loss of the consumer finance app, Prosper Marketplace suggested in a blog post for its customers to use Clarity Money, which has partnered with Acorns. The move comes at a time when the FinTech is struggling with declining loan volumes. million in annual losses for 2016, and LendingClub is looking at $146 million.

Identity Theft 40

Identity Theft Volume Finance Settlement 40

PYMNTS

MAY 2, 2017

Signs of increasing weakness in consumer credit have been mounting for the last several months. As of January 2016, 43 percent of borrowers were behind in their payments or had stopped making them all together. Subprime borrowers now account for roughly 20 percent of the $1.2 trillion in loans currently outstanding.

Consumer 41

Consumer Caps Issuers Risk 41

PYMNTS

NOVEMBER 10, 2020

Another example of AR working in a retail application can be seen at the direct-to-consumer (D2C) sunglasses retailer goodr. It started when Founder Stephen Lease was training for a marathon in 2016. Then there are the consumers who are willing to buy a higher-consideration, lower-conversion product online.

Technology 104

Technology On-Demand Use Case Product 104

PYMNTS

JANUARY 25, 2017

The Electronic Payments Association (NACHA), steward and rule maker of the ACH Network, just released findings from the Same Day ACH transaction volume data for Sept. The combined value of these transactions totaled nearly $17 billion, with an average transaction amount of $1,283 in the period through the end of 2016.

Same Day ACH 40

Same Day ACH NACHA ACH Direct Deposit 40

PYMNTS

FEBRUARY 6, 2017

For the full year, package volume rose 4.6 percent to 4.868 billion in 2016. we completed investments that enabled our network to respond with on-time service, even with this record-setting volume. Shipments to consumers, which often are lower-revenue products than business-to-business parcels, increased 11.5

Volume 48

Volume On-Demand Addressing Automation 48