Fintech News

JANUARY 7, 2024

Since 2017, Pyongyang-linked threat actors have caused the loss of nearly US$3 billion worth of crypto. The stolen assets are then transferred to wallets under their control, often converted to cryptocurrencies like USDT or Tron, and then exchanged for hard currency using high-volume OTC brokers.

OFAC 96

OFAC Law Enforcement Money Laundering Cryptocurrency 96

PYMNTS

JULY 6, 2018

billion payment chip cards were shipped worldwide in 2017. While shipment volumes in China and the United States “continue to normalize,” contactless payment cards are more than 70 percent of shipments in “a growing number of territories,” the association said in an announcement.

Chip Cards 44

Chip Cards CHIPS EMV Contactless Payments 44

PYMNTS

JANUARY 24, 2019

23) showed continued traction in the financial messaging service’s annual and daily average traffic volumes. News from SWIFT on Wednesday (Jan.

SWIFT 62

SWIFT Volume Cross-Border Cross-Border Payments 62

PYMNTS

NOVEMBER 9, 2017

Square continued its 2017 run of earnings strength with the release of its latest quarterly results on Wednesday (Nov. 8), notching growth in both payments volume and services revenue that came in ahead of analyst expectations. Square’s gross payment volume (GPV) was $17.4 But shares were still down 1.3

Volume 49

Volume Payments NOV Adjustments 49

PYMNTS

MAY 3, 2018

Mastercard beat estimates on Wednesday (May 2) as the company showed results that reflected higher spending on both credit and debit cards through the first quarter, as well as cross-border volumes that surged by double digits. The company said that worldwide gross dollar volume gained 14 percent to $1.4 The net revenue number of $3.6

Volume 48

Volume Visa Cross-Border Debit Card 48

PYMNTS

JANUARY 26, 2017

25) that it continues to grow its financing platform that provides consumers with access to capital. 2017, its platform has connected hundreds of thousands of consumers with new financing options and opened up more than half a billion in purchasing power at the point of sale. In a press release , Vyze said that, as of Jan.

Volume 40

Volume Finance On-Demand Consumer 40

PYMNTS

OCTOBER 26, 2017

According to CEO Alfred Kelly, Visa ended its financial year as it began, “with strong growth across payments volume, cross-border volume and processed transactions, which was bolstered by the addition of Visa Europe.” The headline was, of course, the marked increase in payment volume of nearly 10 percent (9.8 percent) to $1.93

Volume 49

Volume Cross-Border Payments Push-to-Card 49

PYMNTS

MARCH 2, 2018

and India drove a surge in FinTech venture capital funding in 2017, and Accenture Financial Services Senior Managing Director Julian Skan pointed to the B2B business model as a significant presence in this trend. Total venture capital across the global FinTech market between 2010 and 2017 hit a combined $97.7 For markets like the U.K.,

B2B 47

B2B Continuity FinTech Blockchain 47

Tearsheet

FEBRUARY 16, 2024

“Beyond extending our partnership with Mastercard, we intend to partner on innovating for the banks that use the network by looking for additional use cases that they’ve expressed interest in and that would help drive volume across RTP,” said Lee Alexander, Executive VP and CIO at The Clearing House.

Instant Payments 119

Instant Payments RTP Visa TCH 119

Fintech News

FEBRUARY 15, 2024

Despite the notable pullback, fintech continued to see traction from investors, with digital lending in particular witnessing an uptake. Among the key trends outlined in the reports, the companies note a sizable decline in tech investment volumes, adjustments in valuations and a shift towards earlier stage startups.

FinTech 82

FinTech Adjustments Volume Continuity 82

Clearly Payments

OCTOBER 3, 2024

Total Credit Card Payments Amount in the USA by Year Year Credit Card Purchase Volume in USA (USD Trillions) 2013 $2.5 trillion 2017 $3.4 Transaction Volume : Electronic payments processed through these terminals exceed $8 trillion annually. Benefits : Ideal for high-volume merchants needing a reliable and efficient terminal.

Credit Cards 83

Credit Cards Contactless Payments Payments Point-of-Sale (POS) 83

The Payments Association

NOVEMBER 18, 2024

Banks should continue to address barriers such as consumer expectations and the need for technology expertise to maintain their competitive edge. Traditional banks continue to hold a significant portion of the market, with Traditional Commercial Banking expected to dominate in the Americas with a projected market volume of US$546.37

FinTech 88

FinTech Online and Mobile Banking Acquirers Fraud Prevention 88

PYMNTS

FEBRUARY 19, 2019

19) that last year was a milestone year for the ACH Network with payment volume climbing to close to 1.5 The results for 2018 make clear that the ACH Network is vibrant and continues to be a vital component of the nation’s economic engine,” NACHA Chief Operating Officer Jane Larimer said in the press release. billion payments.

ACH Network 82

ACH Network ACH Same Day ACH NACHA 82

The Fintech Times

JULY 11, 2024

Sarwa, co-founded in 2017 by CEO Mark Chahwan, Jad Sayegh and Nadine Mezher, is on a mission to help ‘everyone put their money to work’ through a one-stop app that offers hands-off auto-investing. Our proudest moment was reaching the milestone of AED10,000,000,000 in cumulative trading volume.

Continuity 64

Continuity Volume Technology Product 64

Fintech Finance

DECEMBER 12, 2023

Between 2017 and 2021, the electronic payments industry grew at 30% and 13% CAGRs in volume and value of transactions respectively. For card acquiring specifically, the volume of transactions grew at 23% over the same period.

Consulting 52

Consulting Acquirers Fraud Detection Payments 52

PYMNTS

FEBRUARY 1, 2019

While rules introduced in 2017 were supposed to make it easier for foreign entities to enter the country, many companies believe China is using informal barriers to keep them at bay. In the meantime, Visa beat expectations on double-digit payments volume growth for the last quarter of 2018, with processed transactions at around 33.9

Visa 68

Visa Volume Transactions Credit Transaction 68

FICO

DECEMBER 21, 2016

That means 2017 should be a risky year from a compliance standpoint. The world was a risky place to be in 2016, and the global changes noted above will continue the uncertain environment next year. One of our customers, a German savings bank, detected a suspiciously high volume of money transfers through Luxembourg.

Compliance 45

Compliance Financial Crimes Crime Money Laundering 45

PYMNTS

JUNE 29, 2020

Across industries and across the globe, industry experts continue to raise concerns about shifting B2B payment habits — often to the detriment of small vendors. That’s compared to 2017 figures, during which invoices were paid on time. What has changed, the company warned, is average days payable outstanding. ” $1.3

Payments 102

Payments B2B Volume Adjustments 102

Fintech News

FEBRUARY 14, 2024

Asia annual fintech funding and deals, Source: State of Fintech 2023, CB Insights, January 2024 The drop marks a continued downtrend observed in the broader global fintech funding landscape in 2022 and 2023, a trend that’s been driven by economic uncertainties, soaring inflation and a looming global recession.

FinTech 86

FinTech AI Security Volume 86

PYMNTS

JUNE 23, 2017

Funding company Shopify Capital just released details from its Q1 2017 earnings call, which many are speculating will lead to a 25 percent return on investment (ROI). million in merchant cash advance (MCA) and $11 million in new cash advances as of April 2017, the company is likely in a solid spot.

Returns 59

Returns Volume Continuity Payments 59

Fintech News

NOVEMBER 20, 2024

A focus on Southeast Asia Founded in 2017 and headquartered in Shanghai, XTransfer is a business-to-business (B2B) cross-border payment specialist. This upward trend continued in 2024. The next layer will be major markets such as Brazil, Mexico where we will be submitting license applications.”

Cross-Border Payments 68

Cross-Border Payments Cross-Border B2B Due Diligence 68

The Fintech Times

JANUARY 22, 2024

As airline transaction volumes continue to surge through the current multi-year travel boom, the impact of fraud on the industry has risen commensurately. More travel demand, more transactions, more fraud As the volume of transactions in any industry increases, incidences of fraud also increase… it’s just a fact of business.

Payments 59

Payments On-Demand Volume Account Takeovers 59

PYMNTS

NOVEMBER 12, 2018

Online lender Social Finance (SoFi) continues to struggle, recording an adjusted loss of around $12 million during the third quarter before interest, taxes, depreciation and amortization. According to The Wall Street Journal ( WSJ ), the earnings losses follow an adjusted profit of $56 million in Q3 of 2017.

Adjustments 73

Adjustments Volume Continuity FinTech 73

PYMNTS

FEBRUARY 23, 2018

23) that counterfeit fraud, as measured in dollars, dropped 70 percent in December 2017 compared to September of 2015. In the most recent figures, chip-enabled credit cards stood at 209 million in 2017, up from 93 million in 2015. Chip transactions continued to grow in the U.S., Visa announced news on Friday (Feb.

CHIPS 46

CHIPS Chip Cards EMV Debit Card 46

PYMNTS

MARCH 2, 2020

Verdigras Commercial will work with a subscription pricing model based on volumes, with flexible contracts allowing for timelines as short as six months at a time. It will be tailored to volumes and aligned to business value for clients, customized to their individual business plans. But that isn’t true for everyone — in the U.S.,

Volume 60

Volume Community Banks P2P Verification 60

PYMNTS

FEBRUARY 22, 2018

million for Q4 2017, compared with estimates of $327.19 We are extremely pleased by our fourth quarter and fiscal year performance, with positive contributions from all three of our segments driving 2017 revenues to record levels,” she said. WEX’s Travel and Corporate Solutions unit saw purchase volume grow 17 percent to $7.4

Volume 40

Volume Payment Solutions Continuity Transactions 40

PYMNTS

DECEMBER 17, 2020

The previous record was in 2017. . percent of its portfolio is invested in bitcoin “as a small but potent insurance policy against the continuing devaluation of the world’s major currencies.” Volumes last week were 70% above the year daily average. 17), citing crypto market data provider Coin Metrics. . EST on Thursday (Dec.

Bitcoin 75

Bitcoin Digital Currency Cryptocurrency PayPal 75

PYMNTS

MAY 3, 2017

Shopify (SHOP) saw shares hit all-time highs upon the release of the eCommerce platform’s earnings report for Q1 2017. For the quarter, Shopify reported revenue growth in the period ending March 31, 2017, of 75 percent year over year (YoY) to hit $127.4 Net loss for the first quarter of 2017 hit $13.6 percent to $83.33

Adjustments 40

Adjustments EMV Volume Continuity 40

The Paypers

DECEMBER 20, 2017

In 2018, hiring volume is again predicted to increase with 61% of recruiters expecting to hire more people. According to SourceCon’s State Of Sourcing Survey, increased hiring volume coupled with stagnant recruiter headcount means the most important trend to learn and understand for recruiters are tools and technology.

AI 74

AI Automation Volume Best Practices 74

PYMNTS

JANUARY 18, 2018

The volume of same-day automated clearing house (ACH) transactions is expected to rise over the coming months, BusinessInsider reported. According to a NACHA survey, 82 percent of financial institutions surveyed anticipate that Same Day ACH debit volume will grow at a rapid or steady rate. billion transferred.

NACHA 43

NACHA ACH Same Day ACH Transactions 43

PYMNTS

NOVEMBER 5, 2020

Despite continued headwinds from the pandemic, which continue to suppress corporate spend around the world, commercial payments technology firm FLEETCOR is retaining an optimistic outlook for 2021 thanks to evidence of a trajectory of recovery, continued modernization efforts, and an aggressive mergers and acquisitions (M&A) strategy ahead.

Payment APIs and Integration 46

Payment APIs and Integration Cross-Border Volume NOV 46

Fintech News

APRIL 28, 2024

Quarterly fintech VC funding in India, Source: Fintech – India Quarterly Funding Report Q1 2024, Tracxn, Apr 2024 The data, presented in Tracxn’s “Fintech – India Quarterly Funding Report”, shows that fintech funding continued its downward trajectory in 2023, carrying on a trend that started the preceding year. billion in 2021.

FinTech 90

FinTech Consulting Security Finance 90

PYMNTS

SEPTEMBER 12, 2017

That forecast comes care of “A Mobile Mindset,” the second volume in the five-part series, “The 2017 UPS Pulse of the Online Shopper.” The projections for continued growth in mCommerce make it essential that retailers of all sizes be properly positioned to provide an optimal experience via mobile devices.”.

Volume 82

Volume Transactions Continuity Research 82

PYMNTS

NOVEMBER 8, 2018

Square posted results Wednesday (November 7) that showed double-digit gains in gross payment volumes, continued traction amid a base of larger merchants, and notable growth in subscription and software-based revenues. Supplemental materials provided by the company revealed that gross payment volume was $22.5

Volume 72

Volume Adjustments CHIPS Payroll 72

PYMNTS

JUNE 27, 2019

Bitcoin has surged 260 percent, but it’s still under the all-time high of almost $20,000 from December of 2017. The year 2018 was not kind to cryptocurrency, but bitcoin has been on a streak for the last 8 days — and with Facebook’s Libra announcement, with a tentative June 2020 release date, the interest should continue. .

Bitcoin 47

Bitcoin Cryptocurrency Volume Continuity 47

PYMNTS

MARCH 15, 2019

The exchange, which operates as a Cboe Global Markets, has said the bitcoin futures market will not be on offer this month, and per an announcement Thursday (March 14) said that it is “assessing its approach with respect to how it plans to continue to offer digital asset derivatives for trading. Now, bitcoin trades at about $3,880.

Bitcoin 49

Bitcoin Volume Assessments On-Demand 49

FICO

AUGUST 26, 2021

By 2020, TJ was teaching his parents how to Zelle , an adoption curve reflected in an astonishing growth statistic: 13% of consumers used Zelle in 2020 , up from a mere 1% in 2017. . This trend is expected to continue, with a global annual compound annual growth rate (CAGR) of nearly 24% predicted between 2020 and 2025.

Real Time Payments 52

Real Time Payments Zelle Federal Reserve FedNow 52