PYMNTS

OCTOBER 20, 2017

Venmo has processed about $30 billion in total payment volume in 2017 so far. As of the close of the market today, PayPal’s market cap is $80.86 billion — and vastly larger than Discover’s market cap of $24.45 billion — and vastly larger than Discover’s market cap of $24.45 All in all, PayPal processed 1.9

PayPal 47

PayPal Venmo Caps Volume 47

PYMNTS

DECEMBER 12, 2018

The number of merchants accepting card payments around the world grew by 13 percent in 2017, to 69.2 The growth was partly driven by new regulations; India was helped along by the government placing caps on terminal charges and also pressuring banks to recruit more merchants. million, according to a report.

Caps 71

Caps Payments Funds Transfer Governance 71

PYMNTS

MAY 2, 2017

Signs of increasing weakness in consumer credit have been mounting for the last several months. According to data released by the Consumer Federation of America (CFA) earlier this year (extrapolated from data out of the U.S. More telling, according to market watchers, is how Cap One is explaining the apparent weakness.

Consumer 41

Consumer Caps Issuers Risk 41

FICO

JANUARY 25, 2019

The Australian Competition and Consumer Commission (ACCC) handed down its final report on the Residential Mortgage Pricing Inquiry and it certainly had a lot to say about the current pricing of Australian home loans. The inquiry was initially set up to monitor the implementation of the Commonwealth Government’s Major Bank Levy in May 2017.

Caps 74

Caps Returns Governance Government 74

PYMNTS

MARCH 14, 2017

Whether it’s checking a bank account balance or placing an order online, consumers expect fast, convenient and immediate results. DE: The idea of fast funds continues to consume an outsized proportion of the industry’s headspace. Best of all, it’s instant, guaranteed and comfortable for the consumer.

Consumer 40

Consumer Push-to-Card Gateways P2P 40

PYMNTS

FEBRUARY 6, 2019

Consumer advocates and some small business customers are criticizing the company for the fees, saying they take advantage of customers. “This is a business model intended to deceive,” said Andrew Left, founder of Citron Research, in an interview with Bloomberg in 2017. FLEETCOR posted $2.2 WEX Inc. ,

Payroll 66

Payroll Commercial Card Federal Trade Commission Wire Transfer 66

CB Insights

OCTOBER 21, 2018

Funding Trends: Since 2017, these 250 private companies have raised $31.85B across 373 deals. This year’s cohort has already seen more mega-rounds in 2018 YTD than 2017’s Fintech 250 list in all of 2017, with 23 mega-rounds investments. market cap and today has a market cap of $20B+. The 2017 Fintech 250.

FinTech 78

FinTech Mobile Banking Compliance Blockchain 78

PYMNTS

FEBRUARY 12, 2018

Yet, according to Fung Global Retail & Technology, 6,985 stores closed in 2017 , up 229 percent from 2016, and well above the number of stores which closed in the year that started physical retail’s death spiral: 2008. Much of GDP is based on consumer spending: price multiplied by how much people buy.

Caps 54

Caps Online and Mobile Banking P2P Economy 54

PYMNTS

JANUARY 9, 2019

In the wake of court filings this week that effectively ended a challenge to surcharges on credit card transactions in New York, merchants in the Empire State can indeed embrace those fees, contingent upon stating those costs to consumers up front. 8 to dismiss a challenge to such charges, seemingly capping a battle stretching back years.

Credit Cards 80

Credit Cards Rules Caps Laws 80

PYMNTS

APRIL 5, 2019

In 2006, 44 percent of tappable equity came from homeownerships with credit scores of 780; in 2017, the share had increased to 53 percent. And here is the kicker: “Much of the corresponding decline in share came from homeowners under 45, whose share of equity declined from 24 percent in 2006 to 14 percent in 2017.”.

Finance 46

Finance Fed Federal Reserve Correspondent 46

PYMNTS

FEBRUARY 14, 2018

13) that the asset cap imposed on it by the Federal Reserve hasn’t changed anything. As has been widely reported, the company has been under fire for opening accounts without customer permission and had also signed consumers up for auto insurance they neither asked for nor needed. Wells Fargo & Co.’s

Federal Reserve 40

Federal Reserve Regulations Caps Fed 40

PYMNTS

JULY 25, 2018

They are a popular way for consumers to pay for goods and services, and their use is growing,” the PSR wrote in its blog post on the forthcoming review. “Stakeholders have raised concerns with us that indicate the supply of card-acquiring services may not be working well for merchants and, ultimately, consumers.

Regulations 40

Regulations Card Services Caps Acquirers 40

PYMNTS

FEBRUARY 21, 2018

Today in PYMNTS data, Domino’s impressed in its Q4 earnings report, Amazon’s Alexa may soon get some additional artificial intelligence (AI)-powered skills, data breaches are more prevalent than people think, digital coupons are important to digitally savvy consumers and Walmart’s stock dip raises eyebrows. in 2017 compared to $1.48

Breach 40

Breach Data Breach Push-to-Card Caps 40

PYMNTS

AUGUST 13, 2019

And while the individual loans are small — relatively speaking — the total amount of debt is anything but “micro” — in all, Cambodian consumers owed $8 billion in loans as of the start of 2019, and the situation is teetering on the edge of becoming a full-blown debt crisis with sharp economic and political ramifications.

Governance 63

Governance Government Caps Request for Information 63

PYMNTS

JUNE 15, 2018

. “Currently, energy providers deliver energy to locations that inefficiently use the energy, which leads to increased energy costs for consumers,” the patent filing said. With the system, users may pay a capped amount of cryptocurrency up front, ahead of the expected electric demand of certain devices.

Blockchain 42

Blockchain Encryption Cryptocurrency Caps 42

PYMNTS

MAY 29, 2019

On the startup side, the best-known and best-funded player in the space is the Lambda School , founded in 2017. The consumer then agrees to pay the loan back at a set rate that runs between two and five years. The payments “continue,” but the consumer makes a $0 payment during every month they are not employed.

Agreements 59

Agreements Laws Caps Underwriting 59

PYMNTS

FEBRUARY 24, 2017

The bitcoin market cap was over $18.5 Locations on the radar for new Coinsource ATMs in 2017, according to Sharp, included in Maryland, Massachusetts, Washington, D.C., By the end of 2017, I think we could potentially be in 15–20 states,” Sharp said. On Thursday (Feb. percent over Wednesday’s close. machines per week.

Bitcoin 77

Bitcoin Money Laundering ATM Cryptocurrency 77

PYMNTS

SEPTEMBER 8, 2017

In China, for example, many consumers hold multiple cards for different purposes. In the EU, interchange fee caps have limited the profitability for card issuers, while banks in the U.K. are adopting a more cautious approach to lending due to a rising number of defaults on credit card bills in early 2017.

Debit Card 59

Debit Card Global Payments Credit Cards Issuers 59

PYMNTS

JANUARY 17, 2018

When the iconic Great Atlantic & Pacific Tea Company (A&P) was looking to brand its bulk Brazilian coffee in 1919, it asked consumers when they drank coffee. With some heavy marketing, A&P was able to sell loads of baking soda at low prices — revealing that consumers were willing to purchase private label brands.

Caps 47

Caps Consumer Product 47

PYMNTS

AUGUST 15, 2018

Headquartered in Orange County, California and founded in 2003, CashCall is a big firm that consumers likely know best from its early commercials featuring the late Gary Coleman. 13) morning, the California Supreme Court said courts “have a responsibility to guard against consumer loan provisions with unduly oppressive terms.”.

Laws 40

Laws Rules Caps Void 40

PYMNTS

NOVEMBER 6, 2017

In September, the consumer credit agency Equifax reported that the personal information of roughly 143 million Americans was compromised in a data breach of epic proportions. percent from Q2 2016 to Q2 2017. billion each year and that account takeovers have seen a sharp spike of 45 percent in Q2 2017.

FS-ISAC 47

FS-ISAC Cybersecurity Account Takeovers NACHA 47

PYMNTS

NOVEMBER 19, 2018

Consumers, executives said, continue to walk into Walmart stores and add more things to their shopping baskets. That’s a lot of feet – belonging to some 140 million consumers globally (100 million or so in the U.S.), percent of consumer retail spending in the U.S. percent of all consumer spending in the U.S.

Consumer 66

Consumer Caps Accounts Product 66

PYMNTS

MAY 30, 2018

Consumer advocates in Ohio were granted permission to start collecting signatures to get a constitutional amendment regarding payday loan reform on the ballot. “The Ohio Consumer Lenders Association favors reform that curbs excesses without ending access to credit,” association spokesman Patrick Crowley said in a statement.

FBI 40

FBI Credit Union Laws Caps 40

CB Insights

APRIL 11, 2019

While leading players such as Ovo (integrated with Grab and Tokopedia ) and Go-Jek ‘s Go-Pay are battling it out for adoption in Indonesia, cash still comprises close to 70% of all consumer payments in Southeast Asia. The ‘super app’ debate in Southeast Asia. stands at just over $17B.

FinTech 56

FinTech Caps PayPal Product 56

PYMNTS

DECEMBER 10, 2018

Headlines are filled with news of a “revolutionary” product that will change the fortunes of merchants and unlock countless benefits for consumers when using it. Consumers, by and large, haven’t taken the bait, and have even more reasons not to now. The year is 2007. Merchants paid less when they accepted those cards.

ACH 73

ACH Credential Push-to-Card Breach 73

PYMNTS

JULY 5, 2017

The board said there was no certainty an offer would materialize, and that the two suitors have until August 1, 2017, to announce whether they will make an official offer. The FT notes that JPMorgan has a market cap of its own that is several multiples higher than that, of course. credit card processor Vantiv.

Online and Mobile Banking 46

Online and Mobile Banking Caps Cross-Border PayPal 46

PYMNTS

FEBRUARY 18, 2019

In the age when consumers can enjoy digital content at their fingertips, subscriptions are no longer just a novelty: They are opening the doors to libraries of music, movies and news — a pivotal way that consumers access information and entertainment from their favorite artists as well as writers through their computers and mobile devices.

Disputes 58

Disputes Caps Consumer Research 58

PYMNTS

FEBRUARY 19, 2018

Whether it’s called President’s Day or Washington’s birthday, the holiday offers time away from school and work and gives consumers time to shop. Shoppers using the Honey browser extension saved an average of about 18 percent on President’s Day in 2017, which was about 1 percent more than the 16.9 Deep Discounts. Rise of eCommerce.

Consumer 52

Consumer Caps Government Governance 52

PYMNTS

SEPTEMBER 27, 2019

Capping a search that lasted six months, Wells Fargo has brought in an outsider — albeit one steeped in financial services — to help lead turnaround efforts as the new CEO. And before Visa, he’d been at JPMorgan Chase’s consumer banking operations. And now begins some more heavy lifting. As has been reported Friday (Sept.

Caps 51

Caps Process Continuity Risk 51

CB Insights

AUGUST 29, 2018

Independent, direct-to-consumer beauty brands are chipping away at the market share of personal care corporations. The segment saw the largest number of deals in 2017 across the industry, as corporates are increasing their investments in and acquisitions of these up-and-coming brands. The indie beauty category is booming.

Product 48

Product Fed Caps CHIPS 48

PYMNTS

JULY 26, 2016

The deal is expected to be done by the end of 2016 or by early 2017. This caps of a sometimes uneasy partnership – Donna Karan has publicly complained about LVMH’s stewardship of her brand since she retired officially last year. LVMH shares rose about 1 percent on the deal’s announcement.

Caps 43

Caps Adjustments Agreements Transactions 43

PYMNTS

JANUARY 28, 2019

And the problem isn’t that younger consumers aren’t getting married or buying things like engagement rings or wedding dresses. Azazie is an eCommerce bridal boutique that combines design with the wisdom of crowds to captures the right lineup of offerings for consumers. Bridal gowns can also be sampled for $25.

Caps 51

Caps Origination Consumer Process 51

PYMNTS

APRIL 15, 2019

After a 20 percent stock price decline last week, that price hit a 52-week low on Monday – a drop that reportedly sucked $1 billion from Lyft’s market cap. For the full year 2018, Uber had gross bookings of more than $50 billion, a 45 percent increase from 2017. By 1:55 p.m. EST) on Monday, Lyft’s stock price stood at $56.44.

Continuity 46

Continuity Mobile Payment Processing Caps Consumer 46

CB Insights

NOVEMBER 16, 2017

Based on big data and consumer feedback, it has rolled out 8 women’s brands and 9 men’s brands to date. They also grew brand awareness to 41% in May 2017 among US women age 21-65 with incomes over $50K. Blue Apron’s stock, for example, has fallen 72% since its IPO in June 2017. and $33.2M, respectively.

Caps 45

Caps Origination AI Product 45

PYMNTS

MARCH 15, 2017

Still, AD has maintained a slow, shallow ascent since the beginning of 2017. percent from Monday’s close, but still up overall for the week with an estimated market cap over €26.1 Whole Food Market’s estimated market cap sat just a smidgen over $9 billion. per share with a market cap just over $26.64 billion ($27.8

Caps 40

Caps Continuity Acquirers Product 40

PYMNTS

JANUARY 12, 2017

Amazon’s market cap currently sits at an impressive (and intimidating) $378.42 If successful overall, the marketplace could allow consumers in India to sell their used items via Amazon’s online retail platform. Amazon plans to attract consumers using other P2P online marketplaces by covering logistics.

P2P 40

P2P AI Online and Mobile Banking Bots 40

PYMNTS

NOVEMBER 3, 2017

Consumer Confidence : Might happy holidays be in store for retailers? Consumer confidence has hit a 17-year high. And, if consumers are feeling good, so too might the people who make their living from consumers. That’s according to the Global Business Travel Association 2017 business payments study.

Laws 40

Laws Caps API Consumer 40