PYMNTS

JULY 9, 2020

Banks have been facing a concerning rise in account takeover (ATO) attacks targeting their customers, with financial institutions (FIs) losses due to such schemes rising 72 percent from 2018 to 2019. FIs lost 168 percent more to ATOs in 2018 than they did the prior year, and FIs need to get ahead of such crime.

Fraud Prevention 104

Fraud Prevention Account Takeovers Authentication Identity Theft 104

PYMNTS

JANUARY 8, 2021

“Historic declines in rent across Manhattan’s most prominent retail corridors show just how much the market has adjusted amid the unprecedented impacts of the Covid-19 crisis,” REBNY President James Whelan told CNBC. That area boasts high-end retailers like Saks Fifth Avenue and Cartier. .

Authentication 99

Authentication Adjustments Continuity Economy 99

Fintech News

FEBRUARY 15, 2024

Illicit share of all cryptocurrency transaction volume, 2018-2023, Source: Chainalysis 2024 Crypto Crime Report, Chainalysis, Jan 2024 Conversely, the data reveal an increase in ransomware attacks and darknet markets, indicating challenges in cybersecurity and a resurgence in these illicit activities.

Ransomware 116

Ransomware Crime Transactions Romance Scams 116

CB Insights

NOVEMBER 18, 2019

Globally, fintech deals rebounded slightly in Q3’19, but will likely fall short of 2018’s record. REPORT HIGHLIGHTS: Q3’19 fintech funding topped $8.9B, a quarterly record when adjusting for Ant Financials’ $14B investment in Q2’18: Through Q3’19, fintech has raised $24.6B, already surpassing 2017’s annual total. .

FinTech 77

FinTech Adjustments Research Continuity 77

The Payments Association

MARCH 18, 2025

Insurers now assess policyholders’ financial behaviouralongside payment patternsto adjust coverage dynamically. Mexico has adopted a regulated approach under its Fintech Law, introduced in 2018, laying the groundwork for open banking.

Finance 88

Finance Payment APIs and Integration Non-Bank Embedded Finance 88

PYMNTS

FEBRUARY 28, 2019

Square ‘s Q4 earnings 2018 results came after market close on Wednesday (Feb. In terms of headline numbers, the payments processing firm reported adjusted revenues of $464 million, up 64 percent year on year, while the Street had looked for $454 million. Earnings on an adjusted basis were $0.14

Debit Card 68

Debit Card Payroll Point-of-Sale (POS) Underserved 68

Fintech Finance

NOVEMBER 6, 2024

The collaboration leverages existing infrastructure and connections, avoiding the need for major investments or adjustments from banks while allowing them to service their consumer and corporate clients more effectively.

Cross-Border Payments 97

Cross-Border Payments Visa Cross-Border Multi-Currency 97

PYMNTS

NOVEMBER 8, 2018

The company’s third quarter adjusted revenues came in at $431 million, up 68 percent, and better than the $414 million consensus. Further adjusted revenues, said the firm, exclude Weebly and Zesty results, up 56 percent. Adjusted earnings per share of 13 cents beat the Street by two pennies.

Volume 72

Volume Adjustments CHIPS Payroll 72

PYMNTS

AUGUST 2, 2019

Adjusted earnings per share (EPS) came in at $0.45 The company had roughly 12,000 employees at the end of 2018, according to regulatory filings. It expects adjusted earnings per share of $1.70 Western Union ’s stock price was down in after hours trading, after missing on earnings but lodging a narrow beat on revenue.

Cross-Border 87

Cross-Border Cost Structure Adjustments Transactions 87

Fintech News

APRIL 17, 2024

In March 2023, DBS introduced with JP Morgan Asset Management the DBS Retirement digiPortfolio, which automatically adjusts asset allocation based on an individual’s life stage and retirement timeline — including automation to adjust asset flow to meet retirement income needs.

Advisors 124

Advisors Online and Mobile Banking Risk Returns 124

PYMNTS

FEBRUARY 28, 2019

billion in 2018, and that 5 percent of that total was from bitcoin. In terms of headline numbers , the payments processing firm reported adjusted revenues of $464 million, up 64 percent year on year, while the Street had looked for $454 million. Earnings on an adjusted basis were $0.14 The company filed a report with the U.S.

Bitcoin 64

Bitcoin Adjustments Volume Transactions 64

Fintech News

FEBRUARY 15, 2024

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. billion and H1 2018’s all-time high of US$7.5 Mega-rounds totaled a mere US$800 million in H1 2023, a stark contrast from H1 2021’s US$5.3

FinTech 109

FinTech Adjustments Volume Continuity 109

PYMNTS

FEBRUARY 6, 2020

The platform also saw greater-than-expected growth of its user base, with 23 million users on the platform as opposed to the 18 million enrolled at the end of 2018 — again, ahead of analyst expectations of 22.6 The firm reported an adjusted earnings loss of $4.2 Adjusted earnings per share were $.79, million users. 05 per share.

Advisors 84

Advisors Adjustments Enrollments Agreements 84

The Payments Association

OCTOBER 22, 2024

For firms that became insolvent between Q1 2018 and Q2 2023, there was an average shortfall of 65% in funds owed to clients (i.e., The FCA says that for insolvencies over the period Q1 2018 – Q2 2023, there was an average time to first distribute client funds of more than 2 years, a very significant period of time. Who is impacted?

Consulting 88

Consulting Rules Treasury Due Diligence 88

Fintech News

DECEMBER 20, 2023

But despite increased adoption among both consumers and merchants, BNPL profitability remains challenging due to high operating costs for marketing, administrative and technology expenses, which have prevented them from breaking even since 2018, the report says.

BNPL 107

BNPL Consumer Financial Protection Bureau (CFPB) Settlement Non-Bank 107

PYMNTS

APRIL 11, 2019

Uber notched a 35 percent year-over-year gain in customers in the last quarter of 2018, at least according to a company metric included as part of the Uber’s prospectus for its initial public offering (IPO), released on Thursday (April 11). The Uber document shows net income in 2018 of $997 million, and an adjusted EBITA loss of $1.85

Adjustments 55

Adjustments Consumer Payments Economy 55

PYMNTS

MARCH 18, 2019

FIS said it expects organic revenue growth of 6 percent to 9 percent through 2021, $700 million of total EBITDA synergies and pro forma 2018 revenue and adjusted EBITDA of about $12.3 billion and $4.9 billion, respectively.

Adjustments 94

Adjustments Acquirers Payments Transactions 94

PYMNTS

DECEMBER 21, 2018

With a little over a week left in 2018, the brightest minds in payments and commerce are offering their last summaries on this year, and their sharpest predictions for 2019. Layered over that are new and emerging regulations that will continue to raise the bar – and expectations – particularly when it comes to consumer privacy.

Privacy 55

Privacy Adjustments Regulations Small Business 55

PYMNTS

MARCH 4, 2019

The news comes after it was reported that Square‘s fourth-quarter earnings 2018 results displayed a continuation of several trends seen in recent quarterly reports. The payments processing firm reported earnings on an adjusted basis of 14 cents per share, which matched the Street.

Point-of-Sale (POS) 60

Point-of-Sale (POS) Chip Cards Adjustments CHIPS 60

PYMNTS

MAY 7, 2020

This amount will be $1,200 unless adjusted gross income exceeded $150,000.”. However, the erroneous payments to dead people may have come about because the IRS largely sent out payments based on people’s tax returns for 2018 and 2019.

IRS 64

IRS Checks Direct Deposit Returns 64

PYMNTS

SEPTEMBER 28, 2020

Prime boasts more than 150 million Prime members, about 50 million members since 2018, the newspaper reported. So, we’ve adjusted our strategy to adapt to these new shopping preferences. For $12.99 a month, Prime members get free shipping, access to movies, music and 10 percent off select sale items at Whole Food Market stores.

Adjustments 77

Adjustments Small Business Addressing Continuity 77

PYMNTS

FEBRUARY 16, 2020

percent last month, adjusted for the season. That number is close to the post-recession peak set in March 2018 at 101.4. A warm January led to utilities dropping 4 percent for the month as Americans reduced their reliance on heat, according to The Wall Street Journal. Business investment declined in three out of four quarters in 2019.

Consumer 63

Consumer Adjustments Product Governance 63

PYMNTS

FEBRUARY 14, 2020

With data indicating that consumer spending is still strong, retail sales – which are an indication of purchases at restaurants, stores and online – rose a seasonally adjusted 0.3 percent from December 2018. percent for all of last year, which marked a decrease from an almost 5 percent rise in 2018. Retail sales rose 0.5

Consumer 56

Consumer Economy Adjustments Continuity 56

FICO

MARCH 24, 2021

The graph below shows the trend of TBML-related SARs filed with FinCEN between 2014 and 2018. Here are some quick tips to keep you focused on your priorities: Review Risk Assessments and adjust internal controls as needed. Financial institutions in the U.S. million SARs filed overall during the same period.

Money Laundering 98

Money Laundering SARS Financial Crimes Fincen 98

PYMNTS

MAY 20, 2019

Drivers can request via voice to adjust the air conditioner, check how much gas they have or find out if there is enough gas for a specific trip, for example. In 2018, revenue increased 300 percent, and the company is predicting business will more than triple in 2019.

AI 65

AI Adjustments Participant Checks 65

PYMNTS

MARCH 9, 2020

Between 2016 and 2018, the Fed, CFPB and OCC petitioned Wells Fargo to institute internal changes to head off future problems. Wells Fargo “also faced legal penalties and a $1 billion fine for failing to make promised adjustments to home and auto loan interest rates and forced customers to buy unnecessary insurance products.”.

Consumer Financial Protection Bureau (CFPB) 57

Consumer Financial Protection Bureau (CFPB) Office of the Comptroller of the Currency OCC CFPB 57

PYMNTS

SEPTEMBER 20, 2018

billion , subject to adjustments. The transaction is expected to close during the fourth quarter of Adobe’s 2018 fiscal year, and is subject to regulatory approval and customary closing conditions. Adobe announced it has entered into a definitive agreement to acquire software company Marketo for $4.75

B2C 57

B2C B2B Agreements Acquirers 57

PYMNTS

SEPTEMBER 18, 2020

We may adjust slightly, but there’s still enough room for growth,” McDonald, who was named CEO in 2018, told the news outlet. The CEO of Lululemon Athletica Inc. told Bloomberg part of his growth strategy includes new stores. In the third quarter of 2019, the company had 460 stores.

Adjustments 70

Adjustments Consumer Transactions Technology 70

PYMNTS

AUGUST 12, 2020

Separately, in 2018, well before the pandemic, PYMNTS’ Financial Invisibles report found that 12 percent of a sample of consumers used payday loans and did not have credit cards. The San Francisco-based financial services firm said its adjusted earnings were 18 cents per share. Last week, Square reported $1.92

CashApp 70

CashApp Venmo Debit Card Adjustments 70

FloQast

JANUARY 17, 2024

With the release of the updated Code imminent, and further changes possible in 2024, FCOs, accountants, and auditors should prepare to adjust their compliance strategies to ensure that the transition to the new regime takes place as smoothly as possible. What is the UK’s Corporate Governance Code?

Governance 102

Governance Government AAP Audit 102

PYMNTS

NOVEMBER 10, 2020

Certainly, now that we’re seeing what’s happening in the crypto space, for example, there are areas we are going to have to make adjustments, and I do think we should move faster … I’m impatient there.”. The exchange has increased regulatory rules over the past two years, requiring customers to reveal their identities in 2018.

CBDC 67

CBDC Use Case Privacy Cryptocurrency 67

PYMNTS

FEBRUARY 4, 2020

Visa is adjusting its default U.S. Per the Nilson report cited, retailers spent roughly $108 billion to accept electronic payments in 2018. credit interchange structure has been largely unchanged for the past 10 years,” Visa said in the document proposing the changes and as quoted by Bloomberg.

Processors 67

Processors Adjustments Transactions Payments 67

FICO

MARCH 1, 2018

Congratulations to FICO’s Manish Gandhi, who was named to the DataIQ 100 for 2018 ! He is a worthy member of our 2018 edition.”. Helping multiple lenders adjust their risk analytics and plans to comply with IFRS 9 regulations.

Compromise 60

Compromise Adjustments Consulting AI 60

PYMNTS

DECEMBER 16, 2020

As previous users back in 2018, we realized how valuable the Market Intelligence Platform was to our pricing strategy for Benetton’s long-term growth,” Sara Veronese , licensing manager of United Colors of Benetton, said in the announcement. 16) announcement. “As

Adjustments 63

Adjustments AI Acquirers Continuity 63

PYMNTS

FEBRUARY 20, 2019

LendingClub reported that loan originations were up double digits in the fourth quarter of 2018 , marked by growth in personal loans and auto loans in what the company termed as dynamic and competitive markets, and amid rising interest rates. In reference to its servicing portfolio balance, that tally was $13.7 billion, compared to $11.9

Origination 57

Origination Federal Trade Commission FTC Adjustments 57

PYMNTS

DECEMBER 22, 2020

We’re going to learn even more when we get through the holiday season,” Lundgren, who served as the department store’s chief executive between 2003 and 2017 and retired from its board in 2018, told CNBC. Macy’s showed an adjusted net loss in Q1 fiscal 2020 of $630 million, The Motley Fool reported. TJX’s domestic sales slid only 3.5

Adjustments 62

Adjustments Finance Continuity 62

PYMNTS

NOVEMBER 13, 2020

reported an adjusted loss per share of 57 cents on $133 million in revenue. In 2018, The Supreme Court struck down a 1992 law passed by Congress that made it illegal for most states to make sports betting legal inside of their jurisdictions. As for its overall results, DraftKings Inc. million in revenue.

Payer 64

Payer B2C NOV Adjustments 64