Payments Dive

FEBRUARY 12, 2020

In 2018 alone, ACH network volume reached nearly 23 billion payments –70 payments per person in the U.S. In the 12 months ending February 2019, payment volume across the ACH network increased 7.2%, reaching over 100 million ACH payments per banking day, a first for the ACH network.

Account Validation 84

Account Validation ACH Network Faster Payments Accounts 84

PYMNTS

AUGUST 13, 2020

The world’s largest retailer has managed this feat even as the volume of packages ordered and shipped through Amazon has exploded amid the pandemic, with volume up 46 percent in July compared to the same period last year. Overall, Amazon’s Delivery Service Partners initiative has grown explosively since its launch in 2018.

Volume 114

Volume Small Business Posting 114

Clearly Payments

NOVEMBER 6, 2024

payment processing landscape, covering market size, merchant demographics, transaction volumes, major players, and key trends shaping the industry. payment processing market remains a major player in the global economy, with transaction volumes that highlight the sector’s vast scale and continued expansion. trillion 2019 $4.0

Process 95

Process ISOs Credit Cards Online and Mobile Banking 95

PYMNTS

JANUARY 25, 2021

The relationship the government has with digital currencies has been complicated over the years, with the country’s supreme court in March overturning a blanket ban on crypto, which had affected crypto businesses there since 2018. percent increase in volume and value, respectively, since 2011. percent and 4.5

Digital Currency 127

Digital Currency Central Bank Governance Government 127

Fintech News

OCTOBER 7, 2024

Hiroko Michishita Hiroko Michishita, Managing Director, JCB International Asia Pacific, said, “Between 2021 and 2022, JCB has almost doubled the volume of ecommerce transactions in Singapore. While East Asia is our traditional stronghold, we have seen substantial growth in our ASEAN card base of 132% from 2018 to 2023.

Alternative Payment Methods 87

Alternative Payment Methods APACS Debit Card Volume 87

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 83

Ransomware Crime Transactions Romance Scams 83

PYMNTS

FEBRUARY 13, 2019

Merchants who have upgraded to chip technology saw a decrease of 80 percent in counterfeit fraud dollars in September of 2018 when compared to September of 2015. payment volume in December was done on EMV cards. Also, total counterfeit fraud dollars went down by 48 percent. More than 3.1 The number of chip cards in the U.S.

EMV 100

EMV Chip Cards CHIPS Credit Cards 100

PYMNTS

APRIL 1, 2019

percent: Projected CAGR of the real-time payments market from 2018 to 2023. 23 billion: Number of payments the ACH network processed in 2018. percent: The growth in payments volume via the ACH network between 2017 and 2018. $40 40 trillion: Value of payments transferred through SWIFT in 2018.

Instant Payments 72

Instant Payments ACH Network Real Time Payments Faster Payments 72

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.) P2P Numbers.

Venmo 71

Venmo P2P Zelle PayPal 71

Fintech Finance

JULY 11, 2024

Launched in 2018 in collaboration with Visa, Business Payments Network seamlessly links suppliers to their buyers through connectivity to their preferred bank and payables providers, radically simplifying payment acceptance through straight-through processing of virtual card payments and capture of all available remittance data.

Payment Networks 87

Payment Networks Business Payments Remittance Data B2B 87

PYMNTS

NOVEMBER 3, 2020

percent as recently as 2018: 5. consumers representing some $1 trillion of sales volume will shift some or all of their retail shopping to digital-first channels. billion of sales volume will do the same with some or all of their food ordering. Overall, the share of consumers making voice-activated purchases has risen to 13.8

Consumer 136

Consumer Posting Volume PayPal 136

PYMNTS

NOVEMBER 23, 2020

When PayPal went live, volume started exploding. The increase in itBit volume implies that within four weeks of going live, PayPal is already buying almost 70% of the new supply of bitcoins,” Pantera Capital indicated in the report. Trading volume on itBit escalated to $26.57 itBit is run by Paxos, which is PayPal partner. .

PayPal 87

PayPal Bitcoin Digital Currency Cryptocurrency 87

PYMNTS

JANUARY 29, 2019

During the fourth quarter of 2018, ACH Network volume saw more growth than it has in the last decade, according to the National Automated Clearing House Association (NACHA), which noted same-day ACH payments also reached a new level. Same-day ACH payment volume also increased by 46 percent over Q4 of 2017. Upwards of 5.9

ACH 65

ACH Same Day ACH ACH Network NACHA 65

Fintech News

JUNE 25, 2024

Founded in 2018, DANA has swiftly become one of the nation’s leading e-wallet and payment services, boasting an impressive user base approaching 200 million in 2024. As the company gained traction, it experienced an exponential surge in user adoption and transaction volumes for its payment and embedded financial options.

Database 102

Database Volume On-Demand Disaster Recovery 102

PYMNTS

SEPTEMBER 1, 2020

The Bank for International Settlements (BIS) said in a recent report that the number of correspondent banks — where banks and financial institutions (and domestic payment systems) are linked together — slipped 3 percent in 2019 vs. 2018 and declined a significant 22 percent from 2011 to 2019.

Correspondent Bank 123

Correspondent Bank Correspondent Cross-Border Cross-Border Payments 123

PYMNTS

APRIL 24, 2020

AI is capable of processing and learning from massive volumes of data in real time and can flag risks long before they appear on the radar of conventional models. PYMNTS’ latest research reveals that this is changing, however: The share of financial institutions (FIs) using AI has increased dramatically since 2018. percent today.

Credit Risk 100

Credit Risk Risk AI Underwriting 100

Fintech News

APRIL 23, 2024

The move is in response to growing transaction volumes in the global B2B travel market, which are expected to hit US$1.7 Since 2018, Nium and Thredd have issued 86 million virtual cards worldwide. trillion by 2027.

APACS 85

APACS Payment APIs and Integration Cross-Border Payments Cross-Border 85

PYMNTS

FEBRUARY 1, 2019

In the meantime, Visa beat expectations on double-digit payments volume growth for the last quarter of 2018, with processed transactions at around 33.9 In addition, payments volume came close to $2.3 Mastercard revealed continued gains in processed transactions , with gross dollar volume up 14 percent to $1.5

Visa 68

Visa Volume Transactions Credit Transaction 68

PYMNTS

OCTOBER 7, 2020

percent of shoppers went to a physical store on that day, which was down five percentage points from 2018. percent shopped online during Black Friday last year, which was double the 2018 number. consumers representing $1,025 billion of sales volume will shift some or all of their retail shopping to digital channels, 40 million U.S.

Volume 96

Volume Consumer Research Returns 96

PYMNTS

NOVEMBER 8, 2018

Square posted results Wednesday (November 7) that showed double-digit gains in gross payment volumes, continued traction amid a base of larger merchants, and notable growth in subscription and software-based revenues. Supplemental materials provided by the company revealed that gross payment volume was $22.5 billion, up 29 percent.

Volume 72

Volume Adjustments CHIPS Payroll 72

PYMNTS

FEBRUARY 17, 2020

Small business (SMB) import and export volume between Europe and China hit $323 billion in 2018, and eCommerce — Amazon, Shopify and France’s Cdiscount — exceeded $100 billion in the same year. . The startup received Seed funding of ¥5 million (just more than $45,500 USD) in 2018, and raised $4 million in 2019.

Multi-Currency 70

Multi-Currency Cross-Border Cross-Border Payments FinTech 70

Fintech News

OCTOBER 13, 2024

PasarPolis Insurance Broker will manage the insurance brokerage, using its platform to handle the high volume of transactions efficiently. This partnership builds on PasarPolis’ collaboration with Gojek, which began in 2018, offering insurance products to Gojek’s large user base.

Underwriting 92

Underwriting Volume Product Automation 92

PYMNTS

JANUARY 30, 2020

PayPal put on a strong finish to 2019, managing to beat analyst estimates nearly across the board in terms of revenue, active usership and total payments volume processed. Venmo processed more than $29 billion of total payments volume, up 56 percent over the same period last year. Revenue came in at $4.96 billion, up from $4.22

PayPal 85

PayPal Venmo Volume Cross-Border Payments 85

CB Insights

APRIL 2, 2019

At the beginning of 2018, there were 25 VC-backed fintech unicorns around the world, worth a cumulative total of almost $76B. And when Dutch payments startup Adyen went public in June 2018, its IPO was a huge success: its stock surged 90% in its first day of trading, ending the day with a $15.8B GET THE 106-PAGE FINTECH TRENDS REPORT.

FinTech 73

FinTech P2P Volume Research 73

CB Insights

APRIL 16, 2019

As of 2018, only 47% of adults in the region had a bank account, while only a third of Southeast Asian SMEs had access to loans or lines of credit. In 2018, funding to fintech startups across Southeast Asia grew 143% year over year, hitting a record of $485M invested across 68 deals. Southeast Asia is a historically underbanked region.

FinTech 73

FinTech P2P Volume Acquirers 73

PYMNTS

NOVEMBER 12, 2020

Amazon’s prior official update was in April of 2018, when it reported more than 100 million members in the program. “More people joined Prime this quarter than ever before,” said Amazon CEO Jeff Bezos during the company’s earnings call in January.

NOV 105

NOV Volume On-Demand Consumer 105

Finovate

MAY 13, 2024

billion, the lowest level since 2018. Q1 2024 was also the first time since 2018 that there were no “mega-round deals” – investments of $100 million or more. CB Insights noted that quarterly funding for Q1 of this year was only $0.9 The insurance business is ripe for innovation.

AI 119

AI Federal Reserve Underwriting Risk 119

PYMNTS

DECEMBER 18, 2020

million in 2018 and $48.7 Gross Merchandise Volume Is Rising . After losing ground during the COVID-19 outbreak’s early days, Poshmark’s gross merchandise volume – a key measure of total items sold online – has come roaring back. million in 2018 to 31.7 After losing $14.5 million in 2019, Poshmark made $21.1 30 quarter.

Volume 92

Volume Consumer Posting Technology 92

Fintech Finance

SEPTEMBER 17, 2024

Aaron Holmes, Founder and CEO of Kani Payments, says: “Since our inception in 2018, it has been a priority for us to meet the latest industry and regulatory standards.

ISO 20022 98

ISO 20022 ISOs Reconciliation Message Standards 98

PYMNTS

JANUARY 2, 2019

When the B2B payments industry began considering what to expect for 2018, commercial cards weren’t often on the radar. Cards are still expected to account for only a minor fraction of B2B payments volume in accounts payable by the end of the year, after all, with ACH gaining traction as the go-to ePayments rail for corporate payers.

B2B 75

B2B Visa Distributed Ledger Technology (DLT) Commercial Card 75

PYMNTS

NOVEMBER 25, 2018

Venmo , the digital money transfer service owned by PayPal , suffered payments fraud earlier in 2018 that played a role in the company posting losses that were higher than forecasted for the first quarter of this year. percent of overall volume at Venmo in March compared to 0.25 percent in January.

Venmo 89

Venmo PayPal Payments Transactions 89

PYMNTS

APRIL 21, 2019

According to a report in The Wall Street Journal citing people familiar with the matter, executives at the company have been having talks with banks since the end of 2018 about issuing a Venmo-branded credit card. For its fourth quarter, Venmo posted an 80 percent increase in transaction volume, reaching $19 billion.

Venmo 76

Venmo PayPal Credit Cards Zelle 76

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

FEBRUARY 8, 2019

In 2018 alone, the company said, total payments volume was $10 billion, with $2 billion in November and December. The company said in commentary that it added 120,000 new corporate customers to its rosters in 2018. Daily average user count may have stanched losses, as the tally was flat, where observers had expected shrinkage.

Bitcoin 73

Bitcoin Cryptocurrency PayPal Volume 73

PYMNTS

JANUARY 10, 2020

IKEA said it was leaving Amazon because the retail giant decided to discontinue a smart lighting program that began in 2018. for smart lighting in 2018. Those products sell at huge volumes, they’re Prime eligible and most customers don’t know any better.”. IKEA said it is “keen on exploring new areas” to reach its customers.

Consulting 74

Consulting Volume Product Continuity 74

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. And according to new research conducted by Diar , the U.S. The data, according to Cryptovest , showed that the U.S.

Blockchain 77

Blockchain FBI Bitcoin IRS 77

PYMNTS

MAY 6, 2020

Square reported earnings Wednesday (May 6) for the first quarter that showed slowing gross payment volumes, impacted by the pandemic and the shuttering of merchant locations, while the company also took reserves against potential losses. Total quarter gross payment volumes were $25.7 Volume was up three times that of March.

Direct Deposit 70

Direct Deposit Volume Bitcoin Transactions 70