PYMNTS

DECEMBER 31, 2018

According to the report, cybercrime touched nearly every sector throughout 2018, including those that may seem less obvious, like education or manufacturing — and for one obvious reason: the money. Facebook’s 2018 regarding the stewardship of user data and privacy was one it would like to soon forget. Department Store Hacks.

Data Breach 92

Data Breach Breach Database Compromise 92

Payments Source

FEBRUARY 12, 2018

consumer spending had its first January decline in five years last month, dealing another blow to the hopes of retailers after an inflation squeeze sapped demand in 2017.

Consumer 61

Consumer Payments 61

PYMNTS

NOVEMBER 3, 2020

consumers across demographics and geographies for months about how their lives have changed (or not) since the pandemic began. And we’ve asked them how they envision what their lives as consumers will be when the pandemic is over. Many consumers are increasingly shopping using voice assistants while doing other activities.

Consumer 136

Consumer Posting Volume PayPal 136

PYMNTS

DECEMBER 20, 2018

Among those demands, at least on the part of the consumer, are speed, flexibility and personalization. Though 2018 remains simply a demarcation point on a continuum (and the journey is not over, many noted), some notable themes still stand. The end of the year, or the beginning of a new one, marks a good place to take stock.

Money Laundering 84

Money Laundering Payments Treasury Management On-Demand 84

PYMNTS

NOVEMBER 14, 2018

“This landmark figure cements digital advertising — whether display, search or mobile video — as one of the most powerful mechanisms of all time for brands to build relationships with consumers. billion in the first half of 2018, an increase of 23 percent year over year. percent CAGR from 2012 to 2018.

Consumer 57

Consumer Business Continuity Acquirers Continuity 57

PYMNTS

JANUARY 3, 2019

and Germany in 2018. Alexa ended the year with 56,750 skills after starting 2018 with 25,784 skills, reported voicebot.ai, marking a 120 percent year-over-year growth. In the 2017-to-2018 time frame the number of Alexa skills increased by 266 percent. Broken down further, during 2018 in the U.S.

On-Demand 66

On-Demand Consumer 66

PYMNTS

NOVEMBER 23, 2020

Consumers are moving to digital payments and cryptocurrency in droves, and it’s inevitable that more central banks will issue digital forms of currency, PayPal CEO Dan Schulman said in a televised interview on Monday (Nov. PayPal isn’t the first large name in tech to jump on the digital currency bandwagon.

Digital Currency 143

Digital Currency PayPal Consumer Cryptocurrency 143

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.

FinTech 78

FinTech Mobile Banking Compliance Blockchain 78

CB Insights

FEBRUARY 27, 2019

In 2018, 14 European startups reached unicorn status, led by Roivant Sciences with its $7B valuation. Using CB Insights data, we identified all the Europe-based startups that have reached a $1B+ valuation in 2018. stake in the company in February 2018. The hardware startup released its first GC2 chip in 2018.

CHIPS 76

CHIPS Cybersecurity Debit Card Governance 76

PYMNTS

FEBRUARY 25, 2020

The consumer confidence index, which measures people’s assessment of the business and labor environment, rose less than expected for the month of February, according to a report by CNBC. In October, consumer confidence in the European Union fell to its lowest level since the end of 2018. points to -7.6, that was predicted.

Consumer 52

Consumer Economy Central Bank Assessments 52

PYMNTS

NOVEMBER 5, 2018

Consumers want to touch before they buy, and they want to talk when they purchase. At the peak of the day (meant to encourage consumers to shop from work computers, though that habit is pretty much ingrained in the culture by now and feels less sneaky than at the dawn of eCommerce), conversion rates will hit 7.3 26 to hit $7.7

NOV 71

NOV Research Consumer Technology 71

The Paypers

MARCH 11, 2019

(The Paypers) According to a study by EY , ecommerce and consumer internet companies have raised more than USD 7 billion through private equity and venture capital funding in 2018.

Consumer 28

Consumer 28

FICO

DECEMBER 18, 2017

Taking both ends of the spectrum into account, my cybersecurity predictions for 2018 involve cyber scores, 2FA and bio hacks. In 2018, I predict that the awareness and usage of enterprise cyber scores will skyrocket. We’ll See Our First Biometrics Hack in 2018. The reality is, two-factor authentication is extremely effective.

Cybersecurity 73

Cybersecurity Authentication Credential Ubiquitous 73

PYMNTS

MARCH 5, 2019

million in 2018, according to a press release from the company. As dependence on mobile devices grows, both for business users and consumers, cybercriminals are paying more attention to mobile as an attack vector,” the company said. In 2018, the number of mobile users who interacted with malware went up 774,000, reaching 9,895,774.

Ransomware 55

Ransomware Cybersecurity Blocks Security 55

PYMNTS

DECEMBER 28, 2018

There is a decent chance that the 2018 holiday season will be remembered as a time when it became much more clear that survival in the cutthroat pursuit of commerce depends on the stories one can tell about a product or brand. Consumers also were interested in investing in new fashion trends. Consumer Experience.

Visa 62

Visa Consumer On-Demand Shutdown 62

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 Consumer spending is said to be the primary driver of the U.S. And the factors driving consumer spending in the country are still formidable.

Consumer 56

Consumer Economy Adjustments Continuity 56

Payments Source

MAY 11, 2018

It's an important pivot point for the industry — consumer trust is threatened by a steady flow of data breaches, and consumers are divided on whether they want to stick with plastic or move on to mobile and wearable payments.

Data Breach 92

Data Breach Breach Consumer Payments 92

PYMNTS

FEBRUARY 4, 2019

When it comes to managing personal finances, consumers are seemingly taking one step forward and three steps back. For one thing, the portion of consumers who fell behind on bill payments went way up, increasing from 30.7 percent in Q2 2018 to as much as 41.2 percent in Q3 2018. So, what’s behind this feel-good factor?

Credit Cards 51

Credit Cards Push-to-Card Consumer Finance 51

PYMNTS

DECEMBER 26, 2018

The following piece was written by Rob Eleveld, CEO of Whitepages Pro , as a contribution to our 2018 year-end eBook. . Payments 2018 was a year of accelerated disruption. The proliferation of these platforms has made it easy for money to be transferred among peers, consumers and businesses, both domestically and globally.

Verification 59

Verification Wire Transfer Online and Mobile Banking Cross-Border 59

PYMNTS

APRIL 24, 2019

Consumers tend to overestimate their financial literacy, according to a survey by research provider Raddon ; 44 percent said they were “very” or “extremely” literate, but when given a financial quiz only 6 percent scored an “A.” In Q3 2018, 28.0 Most consumers (52.3 percent in Q1 2018. percent in Q1 2018.

Financial Literacy 68

Financial Literacy Consumer Credit Cards Finance 68

PYMNTS

OCTOBER 8, 2018

Giancarlo also revealed that the Commission had imposed fines of more than $10 million in 10 cases in 2018, compared with an average of three big-money cases a year during the Obama administration. Total fines ordered through SEC enforcement activity fell 7.2 percent in 2017 to about $3.8

Regulations 63

Regulations Cryptocurrency Best Practices Settlement 63

PYMNTS

SEPTEMBER 4, 2020

The latest installment of the PYMNTS Whole Paycheck Tracker is an in-depth look at how the pandemic affected the two companies as they continued to position themselves as a fixture in overall consumer spend and overall retail spend. When it comes to Amazon’s share of consumer spending, things get a bit more complex. billion in Q2 2019.

Consumer 99

Consumer Accounts Continuity Checks 99

PYMNTS

FEBRUARY 12, 2019

The Federal Trade Commission released a warning on Tuesday (Feb. 12) about potential “romance scams,” which cost victims a collective $143 million last year. The FTC said these particular types of scams cost people more than any other type of swindling, and that they’re expected to become more common.

Romance Scams 53

Romance Scams FTC Scams Federal Trade Commission 53

PYMNTS

JANUARY 17, 2019

million memberships in the fourth quarter of 2018 — 1.5 For the full year 2018, Netflix paid net subscriptions increased 33 percent compared to 2017, reaching 29 million, the company said in its latest financial report. Time spent consuming Netflix content represents some 10 percent of total time spent watching TV, at least in the U.S.,

Origination 69

Origination Posting Consumer 69

PYMNTS

DECEMBER 28, 2018

Amazon might have kicked off the year of cashierless checkout with its Amazon Go store in January , but the concept took off in other parts of the world in 2018. The process seeks to streamline the time-consuming part of the consumer’s shopping journey. Cashierless Checkout. Stores Within Stores.

Innovation 77

Innovation Credit Cards Product Consumer 77

PYMNTS

APRIL 10, 2020

The IRS said that the majority of people who filed taxes for 2018 or 2019 will automatically get Economic Impact Payments starting next week. The IRS and Free File Alliance have been working around the clock to deliver this new tool to help people.”.

IRS 145

IRS Checks Social Security Consumer 145

PYMNTS

NOVEMBER 22, 2020

Consumers freed by a COVID-19 vaccine from the last eight months of disease-related restrictions could unleash enough spending on services such as travel and dining to drive inflation to levels not seen in years, economists told the Wall Street Journal.

Consumer 67

Consumer Fed Shutdown On-Demand 67

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

OCTOBER 18, 2018

A new study has found that most consumers don’t understand just how vulnerable their Personally Identifiable Information (PII) is on the Internet. First Data’s 2018 Consumer Cybersecurity Study is based on data from 1,767 U.S. First Data’s 2018 Consumer Cybersecurity Study is based on data from 1,767 U.S.

Compromise 64

Compromise Data Breach Breach Cybersecurity 64

FICO

JANUARY 8, 2019

FICO Score hitting a new high in 2018 or the use of machine learning to challenge the score - dominated reader interest on the Risk & Compliance blog in 2018. Consumers can then track their progress to their goal or modify their goals along their way. Banking Innovation: Why 2018 is the Year it Puts on its Overalls - FICO.

Compliance 40

Compliance Posting Risk Risk Assessment 40

Payments Source

APRIL 12, 2016

Nearly 60% of merchants using ShopKeep's tablet-based mobile point of sale software predict that half of consumers will be using mobile payments as a primary payment form by 2018.

Mobile Payments 64

Mobile Payments Consumer Payments Acquirers 64

PYMNTS

JANUARY 10, 2018

And so, as 2018 begins, so does the Start Path class of 2018, which is accepting applications until Jan. We are looking for solutions that create better experiences for consumers in all aspects of commerce interactions,” Neale emphasized. Mastercard, given its global nature, is well-positioned to help those expansions happen.

Visa 77

Visa Product Participant Blockchain 77

PYMNTS

FEBRUARY 12, 2019

According to a soon-to-be-released report from Sensor Tower , per-device app spending for Apple ‘s iPhone was $79 in 2018, compared with $58 in 2017. What was surprising, however, is that some non-gaming categories saw even higher year-over-year growth in 2018, especially subscription-based apps.

Accounts 53

Accounts Rules Consumer Payments 53

FICO

DECEMBER 19, 2017

This year, in the spirit of efficiency, I’m combining both predictions and resolutions by forecasting that in 2018, my wallet is going to go on a diet; it will definitely become slimmer as physical (plastic) credit cards are replaced with payment apps on my smart phone. My Predictions for 2018. Follow me on Twitter @FraudBird.

Chip Cards 55

Chip Cards Venmo Payments Credit Cards 55

PYMNTS

DECEMBER 9, 2019

Among the findings of the recent 2018 Diary of Consumer Payment Choice , produced through several of the U.S. consumers surveyed made more than half their payments with cards, at 54 percent of payments or 24 transactions. The study estimated that the average value per consumer payment came in at $92.

Fed 56

Fed Debit Card Consumer Federal Reserve 56

PYMNTS

NOVEMBER 12, 2018

In Q2 2018, only 31 percent of consumers fell behind on bill payments, as compared to 42 percent in Q4 2017. Yet, no two consumers are alike, and not everyone has been able — or chosen — to cash in on the economic uptick. For a deeper look into what is driving consumer financial behavior in Q2 2018, download the report.

Consumer 61

Consumer Credit Cards Economy Participant 61

PYMNTS

NOVEMBER 22, 2019

The sites must balance friction, authentication and security activities, as well as consumer satisfaction, all at the same time. Data: $71B: Amount consumers lost to fraudsters across online platforms in 2018. 517B: Total amount consumers spent on online purchases in 2018. No easy task, but technology can help.

Consumer 43

Consumer Scams P2P Economy 43