PYMNTS

JANUARY 24, 2020

Wells Fargo ’s woes, which began in earnest in 2016 when a scandal involving millions of fake accounts created to boost numbers came to light, are continuing and don’t show any signs of abating any time soon, according to a report by Reuters. 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

JANUARY 3, 2019

Apple , once the world’s biggest company, continues to tumble after a disastrous Q1 shortfall that saw shares drop 9 percent on Thursday (Jan. While the company was the first to hit a market cap of $1 trillion last August, it is now valued at around $680 billion, behind No. China’s economy began to slow in the second half of 2018.

Continuity 49

Continuity Caps Economy Government 49

PYMNTS

APRIL 8, 2020

The endgame is for those SMBs, most of which have had to close or drastically reduce operations to prevent the spread of the coronavirus , to be able to continue to pay employees and keep the lights on while social distancing and lockdown rules are in effect.

Shutdown 104

Shutdown Small Business Caps Government 104

PYMNTS

MARCH 19, 2018

Concerns over regulation will likely continue to plague the crypto, according to analysts. This week, Fundstrat explained how the crypto could even possibly fall below $6,000 — which is interesting, since its founder Tom Lee began the year predicting that prices would reach $25,000 by the end of 2018.

Bitcoin 49

Bitcoin Continuity Regulations Caps 49

PYMNTS

JULY 18, 2018

Amazon flirted with the $900 billion market cap club Wednesday (July 18) after completing a successful Prime Day shopping event. All of this was made possible because of our many valued associates — the global team that continues to make Prime Day bigger and better.” percent.

Caps 40

Caps Product Continuity Consumer 40

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.

Caps 71

Caps Payments Funds Transfer Government 71

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.

Push-to-Card 68

Push-to-Card Payments PayPal Zelle 68

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.

Push-to-Card 49

Push-to-Card Privacy Contactless Payments Consumer 49

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.

Caps 40

Caps Continuity Consumer Technology 40

PYMNTS

APRIL 15, 2019

It’s been a rough ride for Lyft with the approach of Uber’s initial public offering (IPO), and that dim trend continued on Monday (April 15). 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. By 1:55 p.m.

Continuity 46

Continuity Mobile Payment Processing Caps Consumer 46

PYMNTS

DECEMBER 16, 2016

The price of bitcoin has continued its December climb this week. We have 73 machines in 17 markets in eight states, and we’re going to continue to grow with demand.”. Possibly even a couple of other continents by 2018. The total market cap of all outstanding bitcoin right now is over $12.5 on Tuesday afternoon.

Bitcoin 83

Bitcoin ATM Caps Digital Currency 83

PYMNTS

NOVEMBER 11, 2020

Big technology firms in China are suffering as regulatory issues continue, triggering falling share prices, according to a CNBC report on Wednesday (Nov. It is also lower than Ant Group’s valuation in a 2018 funding round of $14 billion. Hong Kong shares of Alibaba dropped 9.8 percent; Tencent declined 7.39

NOV 83

NOV Regulations Rules Caps 83

PYMNTS

JANUARY 8, 2020

billion in 522 deals, a 30 percent growth over 2018, ZAG law firm announced Tuesday (Jan. 2019 marked a record year, capping a decade of successive increases in capital invested in the Israeli high-tech industry,” said Shmulik Zysman, ZAG founding partner. We believe that both trends will continue in 2020.”.

AI 64

AI Caps Cybersecurity Laws 64

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

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. which owns Alphabet shares.

Caps 52

Caps Research Continuity Posting 52

PYMNTS

MARCH 11, 2019

In the wake of a slew of European money laundering scandals, deposits in the euro zone region from foreign countries dropped significantly in the latter half of 2018. The former Latvian government set a cap on foreign deposits after the collapse of ABLV, at 5 percent.

Money Laundering 59

Money Laundering AML Non-Bank Caps 59

PYMNTS

DECEMBER 9, 2020

As a result, the S-1 filing with the SEC shows revenue growth of more than 220 percent measured through the first nine months of the year, and yet operating losses continuing (though they are decreasing). It remains to be seen whether those caps will proliferate or stick. The top line grew by 226 percent to $1.9

Caps 76

Caps Audit Accounts Consumer 76

PYMNTS

FEBRUARY 13, 2020

“2019 was another record year for WEX , capped off by an impressive fourth quarter driven by double-digit, top-line growth and strong operating leverage,” said Melissa Smith, WEX’s chair and CEO. The company also saw continued growth in its Shell and Chevron business, and a higher-than-expected contribution from the U.S.

B2B 60

B2B Volume Caps Transactions 60

The Fintech Times

AUGUST 12, 2024

per cent between 2018 and 2023, highlighting the increasing reliance on debit cards as a preferred payment method. As debit usage continues to grow, the study also highlights emerging challenges and opportunities for issuers. On average, active debit cardholders completed 34.6 transactions per month, including 30.7 ATM transactions.

Debit Card 64

Debit Card Consumer Debit Transaction Point-of-Sale (POS) 64

CB Insights

SEPTEMBER 13, 2018

Below, we compiled a list of the top 10 tech companies in the US by market cap (as of 9/6/18) and analyzed their private market activity in the healthcare space. Top tech companies have participated in 27 funding rounds in 2018 so far — already equal to the total number of deals seen in 2014. First Name.

Participant 73

Participant Acquirers Blockchain Caps 73

PYMNTS

FEBRUARY 18, 2019

And the company said in a statement that “growth continues to be healthy across our Family and Student plans, and the strong retention characteristics of this base continue to drive churn lower.”. In fact, the country’s mobile phone market saw shipments grew 11 percent in 2018 — and smartphone shipments increased 10 percent.

Disputes 58

Disputes Caps Consumer Research 58

PYMNTS

MARCH 7, 2018

According to news from The Wall Street Journal , citing a letter Senator Dick Durbin, a Democrat from Illinois, sent to the bank this week, Durbin is asking the financial institution (FI) to stop adding more colleges to its partnership program until the order by the Federal Reserve last month that caps Wells Fargo’s growth is addressed.

Federal Reserve 57

Federal Reserve Debit Card Fed Caps 57

CB Insights

APRIL 4, 2019

Github ($7.5B, 2018) is a source code management platform. Since being acquired by Microsoft, its division continues to develop the application under the name Microsoft Visio. Microsoft has spent over $63B for its top 10 deals (roughly 7% of its current market cap ). It is now known as Microsoft Development Center Norway.

Acquirers 69

Acquirers Caps Checks Product 69

PYMNTS

JANUARY 7, 2020

per share — a market cap of $964 billion. per share in July 2018. He added that, as the company continues to diversify itself, those issues become a lesser concern. “We Google parent company Alphabet and Facebook , despite a number of looming competition and antitrust investigations for both companies from U.S.

Regulations 52

Regulations Caps Government Governance 52

PYMNTS

DECEMBER 22, 2020

And the Italian retail association Confesercenti has asserted the new program does little to boost purchasing as most card users already spend more than the 3,000 euros-per-year cap set by the program, Reuters said. I think we will see cash back continue to increase in popularity,” Roncari predicted.

Credit Cards 75

Credit Cards Payments Government Governance 75

CB Insights

DECEMBER 4, 2019

Continue to reduce any buying/selling friction. In December 2018, Reuters reported that Amazon was looking at airports as a potential Amazon Go partner. In March 2018, Greenlight Financial announced crossing 100,000 customers, growing its customer base 300% since the investment. That scale would make Amazon Go a $4.5B

Online and Mobile Banking 101

Online and Mobile Banking Push-to-Card Payment APIs and Integration Non-Bank 101

PYMNTS

MARCH 15, 2019

million — including the $2 million bonus — in 2018. “It It is outrageous, and wholly inappropriate, that the bank has rewarded Mr. Sloan with a $2 million bonus for 2018,” Waters said in an emailed statement, according to CNBC. The bank reported that full-year 2018 revenue decreased about by 2.3 percent to $86.4

Office of the Comptroller of the Currency 43

Office of the Comptroller of the Currency OCC Caps Risk Management 43

CB Insights

DECEMBER 12, 2019

In 2018, startups in the space raised more than $45B , a record amount, while Q3’19 fintech funding recently clocked in with a quarterly record of nearly $9B. However, the company’s stock price has plummeted in the last 5 years, with its current market cap clocking in at closer to $1.1B.

FinTech 41

FinTech Caps Acquirers Issuers 41

PYMNTS

AUGUST 14, 2018

“If you are a homeowner and your home is continuing to go up in value, you feel much more comfortable investing back in that home,” he noted. percent in fiscal 2018, Home Depot said, up from a previous target of 5 percent growth. Sales on a per-square-foot basis climbed 8.6 Same-store sales should be up about 5.3

Caps 40

Caps Transactions Posting Continuity 40

PYMNTS

FEBRUARY 7, 2020

Capping as it did the biggest holiday selling season since time began at nearly $880 billion, point-of-sale (POS) investments made by merchants paid off, contributing to stellar 2019 receipts. Learnings from the year and decade just ended continue to pour in. Did someone say happy holidays? Top Merchants Do It Right.

Point-of-Sale (POS) 52

Point-of-Sale (POS) Risk Volume Caps 52

PYMNTS

FEBRUARY 6, 2020

After the market closed, Philip Krim, co-founder and CEO of Casper, told The Associated Press he was happy with the debut but said he continues “to be very focused on a long-term vision.”. The recent closing price gives the company a market cap of less than $500 million, where once Casper had a $1.1 Markedly so.

Caps 52

Caps On-Demand Economy Continuity 52

CB Insights

MARCH 27, 2019

Facebook, for example, disclosed that an unprecedented data breach in September 2018 exposed the social media accounts of up to 90M users — including login credentials — effectively compromising access to any site that lets users log in with their Facebook account. Collectively, FAMGA has poured nearly $2.5B Table of contents.

Cybersecurity 76

Cybersecurity Encryption Data Breach Breach 76

PYMNTS

JANUARY 31, 2020

Story was acquired by Macy’s in 2018, and its themed marketplaces have popped up in numerous Macy’s locations since then. Brands such as Ulta Beauty and Sephora are continuing to open new stores, which could be motivating Macy’s to compete in that area. Their market cap is about 5.2 They were down 0.6

Caps 43

Caps Acquirers Continuity Product 43

Electronic Payments Coalition

MARCH 26, 2024

The Durbin-Marshall bill has had no debate, no legitimate hearing and continues to be unnecessary. merchants, more than 90 percent of which are small businesses, lowering credit interchange rates and capping those rates into 2030. VISA STATEMENT: SAN FRANCISCO–(BUSINESS WIRE)–Mar. Interchange rates will not go up.

Agreements 52

Agreements Payment Networks Settlement Credit Cards 52

PYMNTS

MARCH 7, 2018

The addition of blockchain to the dictionary is symbolic of the technology’s continuing proliferation. To date, an estimated 130 deals have been inked in 2018, valuing about $400 million. The latest data on blockchain investments and adoption offer more concrete evidence of this trend.

Blockchain 64

Blockchain Distributed Ledger Technology (DLT) Authentication Cryptocurrency 64

PYMNTS

JUNE 18, 2018

Interestingly, while the report found that big traditional banks continue to increase their SMB lending activity, separate analysis suggests that these FIs are losing ground to their smaller competitors in the small business finance race. percent increase in shares at mid-cap regional banks and a 12.1 percent in May, down from 40.2

Small Business 44

Small Business Community Banks Credit Union Caps 44

PYMNTS

AUGUST 10, 2018

As China continues to weigh how to approach rising corporate debt, new data reveals rising corporate bond defaults this year, according to Reuters on Thursday (Aug. Reuters compared the 2018 data to last year’s, which saw 30 defaults worth $3.81 The defaults are now worth $5.5 The defaults are now worth $5.5

Caps 40

Caps Adjustments Regulations Risk 40