PYMNTS

APRIL 7, 2020

Customer messaging and relationship startup Podium has notched $125 million in a Series C funding round led by YC Continuity, the company announced on Tuesday (April 7). Originally launched to help businesses get prompt, genuine reviews, Podium now also supports mobile payments , webchat and customer messaging. Podium has raised $92.6

Contactless Payments 66

Contactless Payments Payments Origination Continuity 66

The Fintech Times

MAY 1, 2024

The current economic landscape across the UK continues to increase pressures on consumer pockets. According to the FCA, since 2016 H2, current accounts have remained the most complained about product. Continuing this trend, current accounts complaints rose by one per cent from 509,923 in 2023 H1 to 515,336 in 2023 H2.

Consumer Financial Protection Bureau (CFPB) 59

Consumer Financial Protection Bureau (CFPB) Volume Consumer On-Demand 59

PYMNTS

AUGUST 9, 2018

After a long, and at times painful, journey back from the wilderness that began in May 2016, it looks like things are getting back on track for marketplace lenders in the U.S. Both LendingClub and OnDeck logged better than expected results in Q2, even as interest rates continue to climb.

Origination 40

Origination AI Innovation Technology 40

PYMNTS

FEBRUARY 10, 2017

In its new report, the rating agency said it now expects aggregate department store operating income to have declined 18 percent in 2016 as opposed to the originally estimated decline of 11 percent. The outlook isn’t stellar either, as Moody’s projects the sales decline for department stores to continue into continue in 2017.

Origination 46

Origination Returns Continuity Research 46

PYMNTS

OCTOBER 8, 2018

Bloomberg cited sources that claim the company’s Marcus unit has slashed its loan originations target for next year. The news comes as a bit of surprise, given that earlier this year, it was revealed that Marcus had issued $3 billion in new consumer loans since launching in October of 2016 through the first quarter of 2018. “We

Origination 60

Origination Consumer Accounts Continuity 60

PYMNTS

OCTOBER 11, 2018

Cotter added that the solution stems from an internal program developed at American Express in 2016, where the company deployed a similar service to its own vendors. Companies then pay American Express back on the original invoice payment date. The solution offers several options for corporate buyers.

Wire Transfer 71

Wire Transfer Payments Wire Wires 71

PYMNTS

OCTOBER 2, 2020

We are working with our tenants and vendors to ensure each of these payment items are addressed as the state continues to re-open, restart and resume business.”. Since its conception, American Dream, originally named Xanadu, has had a troubled history. Construction started in 2015, bit was delayed yet again in 2016. Former Gov.

Origination 52

Origination Addressing Continuity Research 52

PYMNTS

SEPTEMBER 30, 2019

Since 2016. Marcus, a consumer bank launched in 2016 and run by Goldman Sachs, has lost a total of $1.3 The company said it will continue and wants to get consumer banking right. . Scammers net an average of $600 on platforms like Craigslist and eBay with offers of fake concert tickets or used cars. . billion so far. she writes.

Scams 40

Scams Encryption Origination Payments 40

Clearly Payments

MARCH 4, 2024

As technology continues to advance, fraudsters evolve their tactics, making it essential for businesses and regulators to stay vigilant and adapt to combat fraudulent activities effectively. The operation also involved money laundering tactics to obscure the origins of stolen funds. Wirecard AG’s collapse and ensuing insolvency.

Phishing 59

Phishing Data Breach Law Enforcement Money Laundering 59

PYMNTS

NOVEMBER 7, 2018

LendingClub reported double-digit loan origination growth in the third quarter, outpaced by a jump over the same period for application. Management pointed to tightening credit standards even as rising rates helped boost results, trends that are likely to continue. The company said it had loan originations of $2.9

Federal Trade Commission 63

Federal Trade Commission Origination Adjustments Risk Management 63

PYMNTS

MARCH 22, 2019

The latter firm had been one of the investors in the original $1 million seed round raised by Thinknum in 2014. As noted by VentureBeat , the five-year-old firm has been profitable since 2016. Thinknum , which provides web-sourced alternative data, has garnered $11.6

FinTech 71

FinTech Origination Funds Transfer Acquirers 71

PYMNTS

MARCH 2, 2018

Today in PYMNTS data, the kiosk market is seeing continued growth and proliferation, the Equifax breach impacted more U.S. million from original estimates. That will continue to position FinTechs for a vital role in helping reshape the financial services landscape.”. million | Number of U.S.

FinTech 40

FinTech Data Breach Breach Checks 40

PYMNTS

MARCH 6, 2017

The variety of Amazon private-label products continues to grow, adding convenience for brand-loyal Amazon Prime members and causing anxiety for competing eCommerce merchants. This feature plays into growing consumer interest in knowing the source of products they purchase and their composite ingredients.

Origination 51

Origination Product Consumer Continuity 51

PYMNTS

APRIL 6, 2016

In reference to methodology, NACHA’s survey extended across January and February, with 22 of the largest 25 ACH originating institutions responding. Financial institutions see the value in providing new, faster payment options to their customers with certainty and surety, and Same Day ACH allows them to do that in 2016,” Janet O.

Same Day ACH 46

Same Day ACH ACH NACHA AAP 46

PYMNTS

OCTOBER 8, 2018

Bloomberg cited sources that claim the company’s Marcus unit has slashed its loan originations target for next year. The news comes as a bit of surprise given that earlier this year, it was revealed that Marcus had issued $3 billion in new consumer loans since launching in October of 2016 through the first quarter of 2018. “We

Origination 40

Origination Consumer Accounts Continuity 40

PYMNTS

OCTOBER 1, 2018

The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. The build-back from the revelations of 2016 was a bit more of a lengthy process.

P2P 54

P2P Origination Underwriting Returns 54

PYMNTS

MAY 2, 2016

Now, it looks like 2016 is shaping up to be just as profitable for TJX as last year. 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

JANUARY 25, 2018

Although the software is free, Fiverr plans to continue to support it over the next few years and will continue to invest in it. Terms of the deal were not disclosed, but TechCrunch noted that AND CO has raised $2 million in seed funding, with Thrive Capital leading the round back in 2016.

Acquirers 40

Acquirers Origination Economy Continuity 40

PYMNTS

MAY 5, 2017

percent year-over-year decline from Q1 2016 to this year. As such, it should come as no surprise that IDC is predicting detachables will continue their upward trajectory and factor into major 2017 new product launches for the likes of Microsoft and Apple. In particular, IDC is seeing the decline occur in traditional slate tablets.

Origination 40

Origination Continuity Research Consumer 40

FICO

APRIL 9, 2018

Although results are still noticeably below those seen during the last economic downturn, more recent activity indicates possible areas of concern and debt stress: The percentage of 2 cycle accounts was 26% higher than in February 2016, and was the highest for February since 2014.

Posting 40

Posting Issuers Payer Risk 40

PYMNTS

APRIL 18, 2018

These numbers are from KPMG in 2013, and in 2016 that had grown to $220 million.”. You wind up with an industry that is much bigger and much more impactful than the industry we have today,” even if the Australian market delivered an 80 percent growth rate, continued Breslow. “So, market, the two markets are similar.

FinTech 43

FinTech Small Business Volume Finance 43

Fintech News

FEBRUARY 27, 2024

While discussions continue, the details of the IPO, such as its size and timing, are yet to be finalised. Originating from Melbourne, Airwallex has swiftly expanded in eight years, providing businesses with international money transfer services and multi-currency accounts.

FinTech 104

FinTech Risk Compliance Multi-Currency 104

PYMNTS

OCTOBER 16, 2018

billion in deals reached in H1 of 2016. “China’s outbound boom will only continue as companies look to capture new capabilities that strengthen their domestic position, while also growing overseas for a leadership position in industries in which they can gain a competitive edge,” the report stated.

Disputes 65

Disputes Risk Legal Compliance 65

FICO

FEBRUARY 25, 2019

Risk in Bankcard Originations on the Rise. Since 2015-2016, we have observed a shift downwards in the relationship between repayment odds (defined as the number of on-time payers for every one defaulter) at a given FICO® Score in the U.S. This shift has been most notable for the bankcard originations population. 2] [link].

Credit Risk 63

Credit Risk Underwriting Origination Fed 63

PYMNTS

AUGUST 9, 2016

percent through the first six months of 2016, way ahead of last year’s annual growth rate, according to a new study by The NPD Group. Toy sales are estimated to grow by 7 percent throughout all of 2016, a jump of $1.4 I expect to see continued growth for the U.S. In the U.S., the toy industry grew at 7.5

Caps 40

Caps Origination Continuity Rules 40

PYMNTS

NOVEMBER 8, 2018

After the terms of the settlement were announced, the Financial Times ( FT ) reported that the company failed to prevent “at least $125 million” in fraudulent transactions from being completed between April 2015 and October 2016. This announcement came separately on Thursday.

FTC 64

FTC Settlement Federal Trade Commission Fraud Prevention 64

FICO

FEBRUARY 23, 2022

The majority prefer text (43%) while another 17% prefer email, despite security flaws described as early as 2016. At FICO, we’ve been committed to fighting fraud for more than 30 years, and we’re continually innovating to combat evolving schemes. While the original v2.0 How FICO’s AI and Machine Learning Models Help Fight Scams.

Scams 98

Scams Fraud Detection Smishing Fraud Prevention 98

PYMNTS

AUGUST 6, 2018

We noticed that our [SMB] customers [of our original company] always ran into the same problems: managing their customer base, creating and sending offers to leads, and the invoicing process,” he said in an interview. In 2016, the firm revealed nearly $11 million raised in a Series B round.

CRM 40

CRM Origination Small Business Participant 40

FICO

APRIL 13, 2017

Thus, the scoring date for the October 2016 figures would be October 2014. The most interesting observation is the uptick in origination delinquencies, which we see across the board relative to 2013. Compare that to the broader population, where we see the generally benign to improving economic environment continues to push down rates.

Push-to-Card 40

Push-to-Card Origination Fed Economy 40

PYMNTS

JUNE 6, 2017

We’ll give a daily double for the first data point, as it’s number of ACH transactions, and the second is quoted in terms of dollars over the whole calendar year of 2016. That year “as a whole,” said Estep, “showed both the continued growth as well as the evolution of the ACH network.”. They grew over 5 percent in 2016.”.

Same Day ACH 47

Same Day ACH ACH ACH Network NACHA 47

PYMNTS

MARCH 26, 2018

The regulators will also continue to facilitate communication to support one another’s Innovation Hubs, reports noted. Back in 2016, when we signed the original agreement with ASIC, we stated that we hoped that it would be the first of many to come. For instance, if a company is already participating in the U.K.’s

Innovation 40

Innovation FinTech Agreements Authorization 40

PYMNTS

AUGUST 12, 2019

It’s a trend that starkly contrasts with continued growth in small and medium-size business (SMB) finance in the U.S., “This has been driven by a deterioration in the consumer credit environment since 2016, which affects smaller and younger companies,” the firm stated last week. Geopolitical volatility in the U.K.

Small Business 57

Small Business Volume On-Demand Finance 57

PYMNTS

MARCH 21, 2017

The Internal Revenue Service (IRS) continues its efforts to gain access to United States Coinbase customer accounts, filing new documents in federal court to get the California-based company to turn over the records. The IRS filed its initial request — known as a “John Doe” summons because it doesn’t name a specific person — in November 2016.

IRS 40

IRS Bitcoin Digital Currency Assessments 40

PYMNTS

JUNE 5, 2018

It had to continually rebrand itself to keep up with changing consumer sensibilities around health. interactive kiosk market was worth $717 million in 2016, the most recent year for which data was available. McDonald’s has not had an easy road. According to PYMNTS’ Kiosk and Retail Report, a USA Technologies collaboration , the U.S.

Origination 69

Origination Checks Consumer Technology 69

PYMNTS

DECEMBER 14, 2018

Facebook, for example, has faced controversy since consumers learned that it allowed Cambridge Analytica to harvest information from approximately 87 million profiles without consent during the 2016 presidential election. If these trends continue, the U.K. What’s more, the U.K. The market completed roughly 1.3 billion payments by 2026.

Payments 72

Payments Online and Mobile Banking Regulations Faster Payments 72

PYMNTS

JANUARY 25, 2017

Some strong news out of Discover Financial yesterday as it reported its Q4 2016 earnings — the Riverwoods, Ill.-based “We are proud of all we accomplished in 2016, including record originations in personal and student loans as well as strong new card account growth, all of which helped us to achieve nearly 7% loan growth. .

Credit Cards 43

Credit Cards Volume Origination Returns 43

Fintech News

JANUARY 4, 2024

Deal activity in the technology, media and telecom continued their downtrend in Q2 2023, with deal value falling 32% from Q1 2023 to Q2 2023 on a 15% decline in deal volume. CoinDesk was previously owned by the Digital Currency Group (DCG), which acquired the media company back in 2016 for US$500,000.

FinTech 76

FinTech Acquirers Web 3.0 Volume 76