PYMNTS

NOVEMBER 13, 2018

Selling more things is only part of Brooklinen’s expansion in late 2018. The collection also includes baby blankets, baby quilts, baby swaddle sets and a stuffed llama named Lulu , the mascot for the entire collection. The firm will also be operating a pop-up shop for the next four months in New York City.

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Caps Consumer Product Process 46

PYMNTS

JANUARY 18, 2019

As reported by Bloomberg , a selloff was sparked on Friday among small cap stocks that belong to FinTechs. For short sellers – those who bet that stocks will fall rather than rise – amid Chinese FinTechs , this week has led to big gains. There are always company-specific considerations at hand when investors bet on or against a stock.

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Caps FinTech Volume Audit 53

PYMNTS

OCTOBER 14, 2019

The law imposes a 31 percent cap on cruising time for most vehicles before 11 p.m. Lyft says the mandate is based on old, inaccurate TLC data and doesn’t hold taxis to any caps. . The law was first passed by New York City in August 2018, limiting the number of ride-hailing cars that could be on the street at once.

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Caps Laws Rules Addressing 43

CB Insights

FEBRUARY 26, 2019

More US startup unicorns were born in Q4’18 than in any other financial quarter in history, capping off the best year on record for unicorn births in the United States. In 2018, 53 new companies hit a $1B+ unicorn valuation, up 83% from 2017 figures and 26% higher than the previous record in 2015. years — down from 7.8

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Caps Volume Research Posting 58

CB Insights

OCTOBER 21, 2018

The 2018 Fintech 250 have raised approximately $53B in aggregate funding across 947 deals since 2013, and includes startups at different investment stages of development, from early-stage (seed/Series A) companies to well-funded unicorns. Outside the US: 44% of the 2018 Fintech 250 are based outside the US. Please click to enlarge.

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FinTech Mobile Banking Compliance Blockchain 78

PYMNTS

JULY 18, 2018

Amazon flirted with the $900 billion market cap club Wednesday (July 18) after completing a successful Prime Day shopping event. ” The strong showing out of Amazon for Prime Day 2018 lifted its stock earlier in the trading session, surpassing the $900 billion market cap for a brief time. percent.

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Caps Product Continuity Consumer 40

PYMNTS

SEPTEMBER 4, 2018

4), Amazon’s stock hit $2,050.50, surpassing $1 trillion in market cap. While Amazon makes most of its money on the eCommerce side of things, its other category — which consists of selling ads such as banner and display ads — grew around 130 percent in the first three months of 2018, compared with the first quarter of last year.

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Caps AI Accounts 40

CB Insights

MARCH 20, 2019

From e-commerce to software to payments, several companies with $1B+ valuations exited in 2018. Using CB Insights data, we identified the startups with a $1B+ valuation that exited in 2018. We’ve also covered 2018’s 14 European unicorns , 37 Chinese unicorns , and 55 US unicorns.). Meituan Dianping.

Online and Mobile Banking 70

Online and Mobile Banking Acquirers On-Demand Security 70

PYMNTS

JULY 2, 2018

At the start of 2018, Bloomberg said Apple’s stock market value was 50 percent larger than Amazon’s, but now the gap is closer to 10 percent. As of stock market close on Friday (June 29), the spread between the two companies’ market caps sat around $85 billion. At the same time, however, Amazon has been gaining steam.

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Caps Continuity Consumer Technology 40

PYMNTS

JANUARY 17, 2020

Alphabet Market Cap Hits $1T. billion in 2018 and makes up 60 percent of all attempted fraud against U.S. Google’s parent company, Alphabet, reached $1 trillion market value, joining Apple, Amazon and Microsoft in hitting the milestone. Facebook could be the next $1 trillion tech giant. Attempted Check Fraud Spiked 43 Pct.

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Caps Posting Deposit Account Checks 52

PYMNTS

DECEMBER 26, 2018

Eight credit unions closed in 2018, and they affected an estimated 14,000 people with a collective £25 million in savings. Credit unions cap rates at 3 percent a month. Largely hailed as safe alternatives to payday loan firms, credit unions in the U.K. Even some of the more successful CUs have had to curtail lending.

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Credit Union Caps Regulations Governance 53

PYMNTS

DECEMBER 27, 2018

However, an awful lot is in fact different at the dusk of 2018 than it was at the dawn. The year 2018 saw massive changes in where consumers shop, how they pay, and what goods and services they want in their carts. Yet, as 2018 was coming to a close, Facebook was hit with just a bit more bad news. The Facebook Follies.

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Push-to-Card Privacy Contactless Payments Consumer 49

CB Insights

MARCH 13, 2019

From gaming to healthcare to pizza delivery, US-based startups which reached unicorn status in 2018 represent a diverse range of industries. Silicon Valley produced plenty of $1B+ companies in 2018, but other parts of the country also had a strong showing. Check out our real-time Unicorn Tracker for a full list of $1B+ companies).

Online and Mobile Banking 77

Online and Mobile Banking Automation Payment APIs and Integration Technology 77

PYMNTS

JANUARY 4, 2018

Walmart has made a concerted effort in this regard — but as the largest physical retailer on Earth (in terms of sales and size, but not market cap), they may have the most options in this regard. It will be interesting to see how that spreads in 2018. Early traction from Walmart seems a clear indication of this.

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Push-to-Card Online and Mobile Banking Mobile Payments Wire Transfer 43

PYMNTS

AUGUST 6, 2018

public market’s first $1 trillion market cap two decades after it stood on the brink of bankruptcy was a pretty good twist as far as endings go. Data: $1 Trillion: Apple’s market cap. 28 Billion: The number of mPOS transactions forecast for 2018. Not all twist endings are good in payments and commerce, however.

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Caps Money Laundering Transactions Process 64

The Fintech Times

AUGUST 12, 2024

per cent between 2018 and 2023, highlighting the increasing reliance on debit cards as a preferred payment method. On average, active debit cardholders completed 34.6 transactions per month, including 30.7 point-of-sale (POS) transactions, two account-to-account transfers, and 1.9 ATM transactions.

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Debit Card Consumer Debit Transaction Point-of-Sale (POS) 63

PYMNTS

DECEMBER 19, 2018

With the launch of Ingo Money QuickConnect last week , the company capped off a year that CEO Drew Edwards told Karen Webster could best be characterized as the “Great Awakening” of push payments. We’ve finally moved beyond ‘so what is a push payment?’ to ‘how do I deliver real-time payments or fast funds to my customers?’” Edwards explained.

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Push-to-Card Payments PayPal Zelle 68

FICO

APRIL 4, 2018

FICO is proud to have Garry Kasparov as our closing keynote speaker at FICO World 2018 , April 16-19 in Miami Beach. He caps a program with more than 70 sessions on AI, analytics, machine learning, cybersecurity, fraud detection and risk management. To hear part of Kasparov's amazing story, watch his TED Talk from last year: [link].

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AI Fraud Detection Caps Cybersecurity 94

PYMNTS

MARCH 4, 2020

Bank had in place erroneously capped the number of alerts, which hindered law enforcement’s ability to spot suspicious activity. LaFontaine was warned by his subordinates and by regulators that capping the number of alerts was dangerous and ill-advised. The capped alerts were in place for at least five years.

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AML Suspicious Activity Report (SAR) Fincen BSA 52

PYMNTS

JANUARY 15, 2019

Federal Reserve asset cap on Wells Fargo will last all year instead of through the first half, said the bank’s CEO Tim Sloan on Tuesday (Jan. 15), as the financial institution (FI) disclosed its Q4 2018 earnings. The bank, trying to restore trust among consumers and commercial clients, said full-year 2018 revenue decreased about 2.3

Credit Cards 46

Credit Cards Federal Reserve Caps Debit Card 46

PYMNTS

MARCH 11, 2020

A California statue caps interest to an annual rate of 37 percent a year but out-of-state banks have figured out how to sidestep the law and use rates allowable where they are headquartered. Utah has no caps on interest rates. “A ” An uprush in predatory lending has prompted more states to institute interest rate caps.

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Regulations Caps Laws Underwriting 58

PYMNTS

DECEMBER 12, 2018

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. In the European Union, interchange fees were capped in 2015, and in Brazil, caps were announced in March of 2018.

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Caps Payments Funds Transfer Government 71

PYMNTS

JANUARY 16, 2020

Apple and Amazon hit the trillion-dollar mark in the summer of 2018. Apple was the first tech giant to see its market cap top $1 trillion. Amazon hit the $1 trillion mark in September 2018, but never went beyond it and has since dropped below. per share — a market cap of $964 billion. percent, reaching $1,397.81

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Caps Research Continuity Posting 52

PYMNTS

JANUARY 24, 2020

Federal Reserve placed a consent order on the bank in the form of an asset cap, putting a growth restriction on the bank until it shows that its processes have been completely overhauled. The asset cap was announced in 2018, and there’s no timeline in place for when it will be removed.

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Continuity Office of the Comptroller of the Currency OCC Federal Reserve 72

PYMNTS

NOVEMBER 5, 2020

The decision marks a milestone for WhatsApp, which first rolled out a test run of its new Indian payments service in 2018, with an initial user base of 1 million. WhatsApp will now be able to sign up to 20 million users for its payments service, though it is also required to work with a number of banks. Starting Jan.

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Caps Payments NOV Transactions 60

PYMNTS

SEPTEMBER 10, 2018

million loss in the first half of 2018, while revenue increased 61 percent to $142.1 Goldman Sachs is leading the IPO, along with JPMorgan, Allen & Co. and RBC Capital Markets. Founded 12 years ago by Julia and Kevin Hartz, Eventbrite reported that it had a $15.6 In 2017, losses totaled $38.6 million while earnings reached $201.6

Caps 40

Caps Processors Breach Acquirers 40

The Paypers

APRIL 7, 2021

NFTs (Non-Fungible Tokens) market cap has experienced a CAGR of 187% from 2018 to 2020, with USD 55 million in revenue for 2020.

NFTs 31

NFTs Caps 31

PYMNTS

APRIL 8, 2020

Among other top banks, Wells Fargo won its battle to lift the cap on its balance sheet (placed there in the wake of the fake account scandal from 2018), so it has resumed PPP operations as of Wednesday (April 8). The loans will be forgiven for those who can prove they used the money to pay their employees during the shutdown.

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Shutdown Small Business Caps Government 104

PYMNTS

JANUARY 15, 2019

A Federal Reserve asset cap on Wells Fargo & Co. 15) as the financial institutions disclosed its Q4 and 2018 earnings. The bank, trying to restore trust among consumers and commercial clients, said that full year 2018 revenue decreased about 2.3 Wells Fargo also reported single-digital gains in credit and debit cards.

Credit Cards 43

Credit Cards Federal Reserve Debit Card Online and Mobile Banking 43

PYMNTS

APRIL 7, 2020

Together with Visa we have been able to compose a very attractive offering which will benefit all Irish businesses whether they are an SME or a multinational Large Cap.”. trillion in spending for goods and services in 2018. In 2018, commercial card spending was $1.39 Billhop has already rolled out in Britain and Sweden.

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Commercial Card Debit Card Payments Small Business 58

PYMNTS

AUGUST 29, 2019

20 percent: Current cap for non-member deposits at federal credit unions. as of 2018. Consumer confidence level in August, per The Conference Board’s index. 2 percent: Share of SMBs forced to pay employees late due to cash flow problems. billion: Value of vehicle leasing market in U.S.

Credit Union 49

Credit Union Debit Card Caps Checks 49

PYMNTS

JANUARY 24, 2020

Federal Reserve placed a consent order on the bank in the form of an asset cap, putting a growth restriction on the bank until it shows that its processes have been completely overhauled. The asset cap was announced in 2018, and there’s no timeline in place for when it will be removed.

Office of the Comptroller of the Currency 52

Office of the Comptroller of the Currency Continuity OCC Federal Reserve 52

PYMNTS

NOVEMBER 30, 2020

Slack’s current market cap is around $24 billion, the report said. 3 billion, and MuleSoft in 2018 for $6.5 Market watchers are expecting Salesforce to announce a deal to buy business communication platform Slack after market close on Tuesday (Dec. 1), according to CNBC. Shares of Slack were up 4 percent in midday trading Monday (Nov.

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Caps NOV Acquirers Product 80

Electronic Payments Coalition

MARCH 26, 2024

merchants, more than 90 percent of which are small businesses, lowering credit interchange rates and capping those rates into 2030. The agreement will cap the reduced credit interchange rates for five years, providing an unprecedented level of cost certainty long sought by merchants. merchants, comprised largely of small businesses.

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Agreements Payment Networks Settlement Credit Cards 52

PYMNTS

SEPTEMBER 30, 2018

But with the market cap of Ethereum only slightly below that of Ripple — combined with the weak volume of XRP — it is likely that Ethereum will regain its position as the second-most valuable cryptocurrency soon. Ripple (XRP) has overtaken Ethereum within the last 24 hours, with a 7 percent surge in price for a market valuation of $24.28

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Blockchain FBI Bitcoin IRS 77

PYMNTS

DECEMBER 8, 2020

billion it was worth in 2018. If the $102 price happens, it could cap a stunning rise in fortunes for the San Francisco-based company and mark more success in the IPO market amid the pandemic's economic strife, according to WSJ. The price is above the $90 to $95 threshold DoorDash had been targeting, WSJ reported.

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Caps Posting 69

CB Insights

JULY 26, 2018

Trends Shaping the face of BEAUTY in 2018. P&G, with a market cap of approximately $199B, recently acquired skincare and cosmetics brand First Aid Beauty in a signal of how the industry is shifting. Learn about the top trends in beauty, from high-momentum startups to technologies impacting in-store experiences, and more.

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Caps Acquirers Technology 56