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. The bank also reported general purpose credit card point-of-sale (POS) purchase volume of $20.2 Debit card POS purchase volume, meanwhile, reached $89.8 percent to $86.4

Credit Cards 46

Credit Cards Federal Reserve Caps Debit Card 46

PYMNTS

FEBRUARY 7, 2020

Try this: for the first time in the four years since PYMNTS began tracking checkout conversion, eTailers report that they’ve lowered aggregate volume of sales at risk at checkout by $76 billion within a single year. Did someone say happy holidays? That means fewer cart abandoned, more engagement — and more revenue.

Point-of-Sale (POS) 52

Point-of-Sale (POS) Risk Volume Caps 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. Going cashless has long been a conversation in the consumer payments world, but a report from HSBC in the U.K.

Credit Cards 75

Credit Cards Payments Governance Government 75

PYMNTS

MAY 14, 2020

According to The Wall Street Journal , the volume has forced FedEx to limit the volume from dozens of retailers including Kohl’s, Nordstrom, Nieman Marcus and Bed, Bath & Beyond. The move is salt in the wound for retailers that have counted on eCommerce to keep revenue flowing and to keep creditors at bay.

Volume 56

Volume Caps Economy Transactions 56

PYMNTS

JANUARY 15, 2019

A Federal Reserve asset cap on Wells Fargo & Co. The bank also reported general purpose credit card point-of-sale purchase volume of $20.2 Debit card point-of-sale purchase volume, meanwhile, reached $89.8 Instead, the asset cap imposed on the financial institution by the Federal Reserve will remain in place.

Credit Cards 43

Credit Cards Federal Reserve Debit Card Online and Mobile Banking 43

PYMNTS

OCTOBER 14, 2020

For example, for the period from March through May, Wine Insiders ’ orders increased 250-300 percent when compared with the usual volume for that time of year, driving about the same volume as Black Friday, Christmas and New Year’s Eve every single day. This is not normal for the beverage alcohol business.

Consumer 56

Consumer On-Demand B2C B2B 56

PYMNTS

JANUARY 8, 2020

17 USD) to 15 rupees on transactions of more than 2,000 rupees, and the cap is 60 basis points. UPI has garnered roughly one-third of transaction volume, and nearly one-third of transaction value. In another observation, according to Reuters, back when the no-fee debit proposals surfaced in the middle of 2019, T.R.

Debit Card 52

Debit Card Push-to-Card Caps Laws 52

PYMNTS

JULY 1, 2020

SMBs around the globe are dealing with an unprecedented surge in online payment volumes as consumers eschew in-store payments for eCommerce transactions that lack the risks of in-person contact. 14, 2019, compliance deadline, and many expected it to severely affect their customer conversions. SMBs did not know who GDPR affected.

Regulations 64

Regulations Digital Payments Contactless Payments Online and Mobile Banking 64

PYMNTS

JUNE 3, 2016

And ever since Amazon stole the top retailer in the world by market cap crown, the going has been tough for Walmart. by volume has also leveled up its online options to offer grocery delivery within two days for a $49 annual fee and pushed online order/at store pickup as an option for grocery services as well.

Caps 40

Caps On-Demand Volume Research 40

PYMNTS

JULY 6, 2020

consumers’ use of its contactless cards and digital wallets rose 150 percent between March 2019 and March 2020. . Some officials are concluding that the risk of viral transmission is a greater concern than that of card theft when using contactless payments and they have been adjusting these caps.

Transactions 52

Transactions Card Issuer Push-to-Card Contactless Payments 52

PYMNTS

MARCH 6, 2020

1, 2019, there was no shortage of predictions about which stories would drive payments, commerce and the global financial ecosystem. But as it turns out, 2019-2020 will go down in the record books as one of those years where everyone got it wrong — because a black swan showed up. The disruption, Prideaux noted, is real and profound.

Online and Mobile Banking 60

Online and Mobile Banking Disputes Economy Push-to-Card 60

CB Insights

DECEMBER 4, 2019

The company announced it would pass on the special card savings Amazon gets from card networks (because of the volume of purchases they can guarantee) to retailers that adopt Amazon Pay. In July 2019, FIS announced it was acquiring Worldpay in a $43B cash-and-stock deal and strategic move to grow its merchant solutions business.

Online and Mobile Banking 101

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

PYMNTS

JANUARY 31, 2020

Its skyrocketing share price pushed its market cap over the $1 trillion mark. He added that he fully expects that “we’ll start to lap this,” and costs will become more efficient as volume grows, new routes are put into place and additional delivery technology is added into the mix. billion, well ahead of analyst expectations of $86.02

Caps 46

Caps Volume Technology 46

PYMNTS

MARCH 30, 2020

For most SMBs , 2019 was a banner year, and 2020 was expected to be nothing less than spectacular. Two-thirds (66 percent) of SMBs expected to see their revenues grow beyond — even well beyond — what they had booked in 2019. Consumer spending was strong, as were their household balance sheets.

On-Demand 92

On-Demand Credit Cards Returns Shutdown 92

PYMNTS

JUNE 18, 2018

This week’s B2B Data Digest explores the stats behind these two conclusions, and also dives into separate analysis about the state of small business lending technology, volume and optimism. percent increase in shares at mid-cap regional banks and a 12.1 percent in May, down from 40.2 percent a month prior.

Small Business 44

Small Business Community Banks Credit Union Caps 44

PYMNTS

JANUARY 13, 2020

Grubhub saw its market cap reduced to $4.79 Grubhub CEO Matt Maloney told The Wall Street Journal in October of 2019 that the delivery space was “in some sort of a weird bubble ready to burst” after reports that restaurants were pressuring aggregators to lower fees and boost marketing and promotion for their brands. billion on Jan.

On-Demand 61

On-Demand Consumer Volume Participant 61

PYMNTS

JANUARY 31, 2020

The big winner in the headlines race this week was certainly Amazon, which dropped a stronger than expected Q4 earnings report capped off with the announcement that its Prime membership subscriptions had reached the 150 million user mark. Outside of Prime, subscriptions services seem to have ended 2019 strong. billion, ahead of the $9.81

Push-to-Card 53

Push-to-Card Caps Mitigation Posting 53

CB Insights

SEPTEMBER 10, 2019

It had over 2M users as of July 2019. In June 2019, the company announced that it had raised $110M to introduce complete banking services to its customers. As of March 2019, Betterment is the largest independent online financial advisor in the United States, with $16B under management from 400,000 accounts.

Finance 77

Finance Online and Mobile Banking Advisors Micro-Entry 77

Nanonets

SEPTEMBER 17, 2024

This is usually done to train more capable VLMs for other tasks Variations of above mentioned applications can be used in medical, industrial, educational, finance, e-commerce and many other domains where there are large volumes of images and texts to work with. There are broadly two categories of datasets for VLMs.

Best Practices 97

Best Practices Adjustments Research Assessments 97

PYMNTS

NOVEMBER 15, 2019

Smart speakers on the whole are doing well — sales are up across the board 45 percent year on year in Q3 2019, according to the report. We need to translate this repetitive food and consumable volume into a stronger Walmart.com business that’s profitable over time, so that’s what we’re working on.”. million in Echo sales and 65.9

Consumer 46

Consumer Product Wires Wire 46

PYMNTS

JULY 1, 2019

The token services already reach 100 markets, which account for 90 percent of Visa’s total payments volume. The deal will build out Cap One’s B2B finance capabilities, particularly for small- and medium-sized businesses (SMBs). The strategy, simply put, is to scale that ever more globally. Capital One Snaps up BlueTarp.

Push-to-Card 40

Push-to-Card Real Time Payments Same Day ACH ACH 40

Stax

MARCH 14, 2024

Between 2019 and 2020, the number of U.S. ACH payments take up to three days to process and cost around 1% of the transaction with a $10 cap. You can process payments from multiple locations or verticals and handle large and high-volume transactions easily and securely. Thus, it’s more secure.

B2B 88

B2B Process B2C Credit Cards 88

CB Insights

MARCH 2, 2018

in market cap. Both companies can afford to spend aggressively on expansion as their stocks have soared — market caps sit at $720B for Amazon and $483B for Alibaba. Paytm Mall is projected to handle a gross merchandise volume of $3B in the financial year ending in March, and is targeting $10B by March of 2019.

On-Demand 68

On-Demand Acquirers Product Continuity 68

Fintech Labs Insights

DECEMBER 15, 2021

Companies with a significant volume of credit/debit card payments rely heavily on payment processors to keep them afloat. Market cap: $82B (15 Dec 2021). Market cap: $80.2B (15 Dec 2021). Founded: 2019. Downtime equals lost revenue, so it’s not a function easily entrusted to a startup. 45,100,000. 33,200,000. 35,200,000.

Small Business 15

Small Business Processors NOV Digital Payments 15

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. all prior to 2021 ( Crunchbase ) – Market cap: $48.6B (29 June 2023) – Revenues: $7.4B Downtime equals lost revenue, so it’s not a function easily entrusted to a startup. SMB market for third-party solutions.

Small Business 15

Small Business Processors Digital Payments Online and Mobile Banking 15

Fintech Labs Insights

AUGUST 22, 2024

QuickFi : Reported a 45% increase in loan volume. MiddleEast 2019 (Dubai): Amber: Developing AI-driven tools for energy management, pilot projects show promising energy savings. Asia 2019 (Singapore): Bereev: End-of-life planning app, slow growth but increasing awareness about importance of planning. SAVVI AI : Raised $5.6M

Online and Mobile Banking 15

Online and Mobile Banking Acquirers Payment APIs and Integration AI 15

PYMNTS

NOVEMBER 13, 2018

percent, erasing roughly $45 billion on the day (that storied $1 trillion market cap seems a bit long ago and far away). percent, having guided to a softer than expected 2019, where growth is now, per management, expected to be 9 percent versus a previous estimate of 10 percent. Apple was down on the day as much as 4.5

On-Demand 53

On-Demand Volume Caps Research 53

Fintech News

MARCH 23, 2025

On December 2021 , Razorpay had processed USD $60 billion in total payment volume (TPV), with a goal to hit USD $90 billion by the end of 2022. As of March 2025 PB Fintech has a market cap of USD $8.25 Its first funding round dates back in 2019. As of 2025, arguably one of the biggest fintech unicorns in India achieved a USD $7.5

FinTech 70

FinTech Push-to-Card Online and Mobile Banking Credit Cards 70

PYMNTS

OCTOBER 6, 2017

Other than perhaps the very largest players in the game, most loan lenders can’t soak that kind of volume loss, since payday lending (contrary to public opinion) is not a high-margin business to start with. There are no caps on annual interest rates on loans (though some states like California do have them). So Now What?

CFPB 51

CFPB Regs Rules Credit Union 51

PYMNTS

OCTOBER 6, 2017

Other than perhaps the very largest players in the game, most loan lenders can’t soak that kind of volume loss, since payday lending (contrary to public opinion) is not a high-margin business to start with. There are no caps on annual interest rates on loans (though some states like California do have them). So Now What?

Rules 40

Rules CFPB Credit Union Regulations 40

PYMNTS

DECEMBER 13, 2018

Mail volume is off (we’ll get to the financials) and, at the same time, the service must pay billions of dollars in healthcare and retirement benefits annually. The Treasury report stated that “the USPS’ long-term sustainability is in question,” even in an age when eCommerce has boosted shipping volumes.

Treasury 58

Treasury Volume Caps Legal 58

PYMNTS

OCTOBER 9, 2017

Instead of the merchant crowd making the trip to buy things at volume to resell in their shops, buyers were mostly tourists — taking in the sights and buying as many things as their luggage and bank accounts would permit. Sellers began vigorously competing on price and merchandising. Amazon and Whole Foods, though, are just getting started.

Rules 51

Rules Online and Mobile Banking Consumer Product 51

PYMNTS

OCTOBER 9, 2017

Instead of the merchant crowd making the trip to buy things at volume to resell in their shops, buyers were mostly tourists — taking in the sights and buying as many things as their luggage and bank accounts would permit. Sellers began vigorously competing on price and merchandising. Amazon and Whole Foods, though, are just getting started.

Rules 44

Rules Online and Mobile Banking Consumer Product 44