PYMNTS

FEBRUARY 1, 2019

The fourth quarter of 2018 was kind to Venmo and Zelle , the two big peer-to-peer (P2P) services that are battling for consumer loyalty and market supremacy — a fight that pits PayPal , the owner of Venmo, against the banks that operate Zelle. 31, 2018, with a year-end goal of 300 million.) Zelle Bank Gains. P2P Numbers.

Venmo 71

Venmo P2P Zelle PayPal 71

PYMNTS

SEPTEMBER 3, 2018

Since we would hate for anyone to go into the end of 2018 behind the eight ball, we decided to pay tribute to both a great bit and a great deal of news with our own top 10 list of the biggest news of summer 2018. million in tokens for DENT, a mobile data ICO; and over $1.1 Theranos Investors Settle. They also stole $13.8

PayPal 40

PayPal Zelle Online and Mobile Banking P2P 40

PYMNTS

JANUARY 18, 2019

Bank earnings this week gave us a bit of insight into the momentum gained by bank-backed P2P payment network Zelle in 2018. For example, Bank of America reported on Wednesday (Jan. 16) that Zelle payments were up 97 percent in Q4 2018, signaling the latest burst of growth for that payment method.

Zelle 63

Zelle P2P Online and Mobile Banking Venmo 63

PYMNTS

OCTOBER 12, 2017

Banking giant JPMorgan reported results that bested Wall Street estimates on Thursday, buoyed in part by strong growth in its card business and mobile initiatives. In the consumer and community banking segment, revenues were up 6 percent year on year to $12 billion. Credit card sales and merchant volumes were up 13 percent.

Online and Mobile Banking 43

Online and Mobile Banking Credit Cards Volume Community Banks 43

PYMNTS

JANUARY 20, 2021

In broad strokes, open banking lays out a path and process for banks and other financial institutions (FIs) to share their customers’ data with third parties (even competitors), where that data tie into apps and new products and services. Dan Weaver, open banking expert at Equifax U.K., Open Banking In The States .

Consumer Financial Protection Bureau (CFPB) 75

Consumer Financial Protection Bureau (CFPB) CFPB Online and Mobile Banking API 75

PYMNTS

JANUARY 21, 2020

The startup has said that business banking on the continent needs to be repaired, and that it can provide a much better experience with its mobile and online-first offerings. . billion USD) in transaction volume last year. . billion USD) in transaction volume last year. .

B2B 52

B2B Online and Mobile Banking IBAN Payments Institute 52

PYMNTS

JANUARY 29, 2020

airlines are cancelling all flights to and from mainland China due to the coronavirus outbreak and Starbucks reported 17 percent mobile order growth in its Q1 2020 earnings report. New reports say 1 percent of all Bitcoin transactions involve criminal activity, and while this doesn’t sound like a lot, it’s almost double from 2018.

Bitcoin 52

Bitcoin Transactions Online and Mobile Banking Cross-Border 52

PYMNTS

AUGUST 14, 2018

Coverage includes WorldRemit ’s partnership with Safaricom for money transfers to mobile money accounts in Kenya. In addition, Bambora is working with Payworks to introduce Bambora Connect, and Hong Kong-based The Bank of East Asia (BEA) has unveiled its i-Payment Hub. billion in 2018 to $22 billion by 2023.

Point-of-Sale (POS) 40

Point-of-Sale (POS) Online and Mobile Banking Cross-Border Central Bank 40

Fintech News

FEBRUARY 20, 2024

In 2022, the country was home to 993 active fintech companies, representing about 25% of all fintech ventures operating across the ASEAN region, data from a 2022 report by the United Overseas Bank (UOB), PwC Singapore and the Singapore Fintech Association (SFA) reveal. billion to US$15 billion during the period. in July 2023.

FinTech 119

FinTech Payment APIs and Integration Online and Mobile Banking Security 119

PYMNTS

JANUARY 9, 2020

Paying tuition used to be a difficult process, and involved exchanging yuan to South Korean won at a bank and then paying the university, noted the report. Although mobile payments are very common in China, simple cross-border transactions are not. In 2018, it had a daily transaction volume of over one billion.

Cross-Border 52

Cross-Border Online and Mobile Banking Card Issuer Mobile Payments 52

PYMNTS

FEBRUARY 28, 2019

Square ‘s Q4 earnings 2018 results came after market close on Wednesday (Feb. These trends included double-digit gross payment volume (GPV) growth, as measured year on year, double-digit transaction gains and traction in newer technology offerings — such as point-of-sale (POS) financing to help sellers log their own top-line growth.

Debit Card 68

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

PYMNTS

SEPTEMBER 7, 2016

Wearables are becoming the must-have of mobile devices. Trupay is one of the first private sector companies in India to offer a mobile payment app based on a unified payment interface (UPI), according to a press release. The gloves are off in the fight for Europe’s mobile payments market. But with the impending arrival of U.S.

Online and Mobile Banking 40

Online and Mobile Banking Mobile Payments P2P Credit Cards 40

CB Insights

OCTOBER 26, 2020

In 2006, investment banks were at the top of the finance world. After the collapse of Lehman and Bear Stearns and the global financial crisis that ensued, the business models of the world’s biggest investment banks needed to change. As a result, banks are facing dropping IPO profits. Some banks have collapsed.

Underwriting 78

Underwriting Research Online and Mobile Banking Non-Bank 78

CB Insights

AUGUST 23, 2018

trillion in total assets, JPMorgan Chase is the largest bank in the US. Its retail bank, Chase, spans 61 million American households. Led by Chairman and CEO Jamie Dimon, the bank is undergoing a transformation, moving away from offline legacy systems and into the digital age. Live briefing: Consumer Banks in The Digital Age.

Consumer 76

Consumer Online and Mobile Banking Credit Cards Push-to-Card 76

PYMNTS

DECEMBER 9, 2019

Among the findings of the recent 2018 Diary of Consumer Payment Choice , produced through several of the U.S. Federal Reserve Banks, electronic payments are on the rise. The Fed banks said that 14 percent of respondents reported making zero payments. Cards over cash – specifically, debit cards over cash. Cash represented 31.6

Fed 56

Fed Debit Card Consumer Federal Reserve 56

PYMNTS

JUNE 7, 2019

Mobile point-of-sale (mPOS) solutions have enjoyed widespread uptake in much of North America, and the region’s related market could see continued growth if solutions providers, government officials and other stakeholders play their cards right. percent of total payments by volume in 2017 and debit responsible for 26.5 percent and 21.5

Online and Mobile Banking 51

Online and Mobile Banking Governance Government Digital Payments 51

Fintech Labs Insights

AUGUST 22, 2024

QuickFi : Reported a 45% increase in loan volume. Tuum: Raised $48M for its modular banking technology, gaining traction with banks and financial institutions across Europe. Mahalo Banking: Raised $21M for its banking software; successfully launched new features, experiencing strong growth in client base.

Online and Mobile Banking 15

Online and Mobile Banking Acquirers Payment APIs and Integration AI 15

PYMNTS

DECEMBER 11, 2018

And they are incredibly mobile-connected – particularly when it comes to making choices about purchases, according to PYMNTS research. So-called online-only retailers — including Amazon — operate some 630 physical retail locations in the U.S., That presents ample opportunity for mobile retail. Digital Banking.

Online and Mobile Banking 68

Online and Mobile Banking Blockchain Venmo P2P 68

CB Insights

DECEMBER 4, 2019

If Amazon can get you lower-debt payments or give you a bank account, you’ll buy more stuff on Amazon.”. Based on our findings, it’s hard to claim that Amazon is building the next-generation bank. In aggregate, these product development and investment decisions reveal that Amazon isn’t building a traditional bank that serves everyone.

Online and Mobile Banking 101

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

Fintech News

MARCH 18, 2024

The report, released in September 2023, looks at the Thai fintech sector, highlighting the rise of digital payments and the explosive growth of real-time transactions, as well as presenting the opportunities that exist in digital remittances, open banking, business-to-business (B2B) payments and agricultural lending.

FinTech 105

FinTech Online and Mobile Banking Blockchain Product 105

Fintech Labs Insights

JUNE 29, 2023

Companies with a significant volume of credit/debit card payments rely heavily on payment processors to keep them afloat. The score is based on VC funding, website traffic, mobile downloads, and the number of employees. Adyen FAB Score = 4,190 (down 340) – HQ: Amsterdam – Founded: 2006 – Went public June 2018 – Raised $1.4B

Small Business 15

Small Business Processors Digital Payments Online and Mobile Banking 15

PYMNTS

JUNE 22, 2018

Matching buyers and sellers is nothing new, of course, and mobile is proving to be a new conduit. downloads stood at 37 million at the end of the first quarter, and gross merchandise volume reached 6 billion yen. Holding bank stocks pays dividends : Shareholders in 22 of the U.S.’s top Venmo and grow 73 percent in 2018.

P2P 40

P2P Zelle Phishing Venmo 40

PYMNTS

JANUARY 26, 2018

Methods like a one-time password sent by text message (SMS), for example, can cause many consumers to abandon their online shopping carts. If the same abandonment rates are applied to increased eCommerce volume, merchants could miss out on a significant amount of lost revenue. Not a New Concept. Time Is Right.

Authentication 66

Authentication Visa Regulations Online and Mobile Banking 66

PYMNTS

OCTOBER 31, 2019

Credit unions (CUs) have followed banks’ digital banking lead, churning out platforms, services and mobile apps for consumers to use speedy, convenient online services. Half of U.S. AI And Its Growing Necessity In Finance.

AI 40

AI Credit Union Innovation Online and Mobile Banking 40

PYMNTS

OCTOBER 25, 2019

What Apple Pay At Five Says About The Future Of Mobile POS Payments. Court Rules Only ‘Depository Institutions’ Eligible For OCC’s Bank Charters. Visa: Tap-To-Pay Gains Steam, As B2B Volume Hits $1T, Annualized. Trending: Mobile Order-Ahead Takes The Field (Kount Mobile Order Ahead Tracker).

Innovation 40

Innovation Office of the Comptroller of the Currency Online and Mobile Banking Void 40

PYMNTS

AUGUST 24, 2020

Online classes are also gaining the attention of workers who have been laid off during the economic downturn and want to refresh their skills or build new ones and attracting employees who may be seeking to polish their know-how while working from home. . Mobile money service M-Pesa is used by 24.5 Tackling The Currency Challenge .

International Payments 60

International Payments Cross-Border Online and Mobile Banking Cross-Border Payments 60

PYMNTS

JANUARY 23, 2020

Payments made with cash and checks are dropping in volume — the use of cash alone declined 40 percent over the past five years in Canada. They may be less common in retail, especially as more purchases move online, but they are holding on as the disbursement methods of choice for businesses.

Instant Payments 56

Instant Payments Real Time Payments Online and Mobile Banking Payments 56

PYMNTS

MAY 13, 2019

Payment values went up 54 percent year over year, and payment volume increased 72 percent. The Zelle network is used by an upwards of 5,391 financial institutions (FIs), either through a mobile banking app or by registering a debit card with Zelle’s app. According to eMarketer , nearly 80 million U.S. P2P Partnerships.

P2P 79

P2P Zelle Venmo Debit Card 79

PYMNTS

OCTOBER 29, 2018

Facebook reported on their website that their teams have made progress: They removed 837 million pieces of spam in Q1 2018 before anyone reported it, disabled 583 million fake accounts “within minutes” of going online and removed 24 million inappropriate pictures related to violence and nudity. million such pieces.

Online and Mobile Banking 78

Online and Mobile Banking Payments PayPal Payment APIs and Integration 78

PYMNTS

JULY 23, 2018

Target reported that its one-day sale on July 17 was its biggest online shopping day of the year, in terms of both traffic and sales. Prime Day has turned into a huge opportunity for all online retailers.” People love to comparison-shop, with many turning to Amazon’s competitors to compare deals and prices. Install Bing?

Zelle 40

Zelle Venmo P2P Online and Mobile Banking 40

PYMNTS

OCTOBER 5, 2018

The upcoming Netball 2018 Sunshine Series featuring Jamaica vs. England. According to one industry overview , that makes at least four online sports betting providers that accept PayPal in that state, with another “coming soon.”. The ACH tool has “real-time ability to verify bank-level data.”. Baseball playoffs.

PayPal 59

PayPal Online and Mobile Banking Legal Push-to-Card 59

PYMNTS

AUGUST 21, 2018

Increasingly, digital strategy is in the purview of banks and non-bank lenders, who in turn are seeking pairings with FinTechs. Financial Review reported that Athena aims to offer $1 billion in lending in its first year post-launch later in 2018. As noted in Insurance Business America , U.S. African Trade Gets a Nod.

FinTech 40

FinTech Cross-Border Online and Mobile Banking Verification 40

PYMNTS

JANUARY 31, 2020

Bank Is Doing to Drive Virtual Card Adoption. Bank , however, believes it has the perfect weapon to counter such reluctance: vendor and client input. BMO on Taking a Digital-First Approach to Retail Banking. Amazon’s last official update was in April of 2018, when it reported more than 100 million members in the program.

Technology 52

Technology SARS Online and Mobile Banking Contactless Payments 52

PYMNTS

AUGUST 24, 2017

Mobile 2.0, In this case, though, that upgrade comes to a security protocol designed to strengthen security around online credit card transactions, but which has seen little change since its inception 17 years ago. Of course, a streamlined user experience and mobile-first approach will encourage adoption, as well. Like Web 2.0,

Security 41

Security Online and Mobile Banking Issuers Authentication 41

PYMNTS

OCTOBER 26, 2018

Fitness tracker sales are forecast to fall by 43 million units in 2018, and are predicted to fall to 39 million total units sold by 2022. CCS further notes that much of the growth in 2018 has been driven by Apple and its smartwatch product. Source: How We Will Pay Report 2018 Edition. Source: How We Will Pay Report 2018 Edition.

Office of the Comptroller of the Currency 53

Office of the Comptroller of the Currency B2C Online and Mobile Banking P2P 53

PYMNTS

AUGUST 16, 2019

He bought his album online, The next day, the following headline ran in The New York Times — Attention Shoppers: The Internet Is Open. . In 2018 alone, global online retail sales came out at $2.8 The game-changer in eCommerce was really mobile — because it created consumers that were always on and always accessible.

Online and Mobile Banking 64

Online and Mobile Banking Push-to-Card EMV Transactions 64

PYMNTS

APRIL 30, 2020

Online transactions are more important than ever amid the coronavirus pandemic, which has consumers following stay-at-home directives and merchants shifting commerce online after temporarily closing their in-person operations. as consumers there tend to make 90 percent of their online purchases via this method.

Cross-Border 52

Cross-Border Credit Cards Payments Online and Mobile Banking 52