PYMNTS

DECEMBER 4, 2020

The bank also processed record-breaking online and mobile payment transactions on Cyber Monday, up nearly 25 percent over 2019. That helped offset a 12 percent drop in payment authorizations at physical stores as people continue to largely lock down amid the coronavirus pandemic. “As with 2019 transaction volume exceeding $1.5

Online and Mobile Banking 115

Online and Mobile Banking NOV Treasury Processors 115

PYMNTS

JANUARY 29, 2020

Management expressed confidence about continued uptake of new payment flows such as with instant payments, and contactless payments in card-present situations. Supplemental materials from the company show that gross dollar volumes were up 12 percent year on year to $1.7 billion in the fourth quarter of 2019.

Volume 53

Volume Cross-Border Visa B2C 53

PYMNTS

JANUARY 14, 2021

percent year-over-year debit and credit overall same-store sales volume growth among its owner credit unions over the 2020 holiday season, according to a press release emailed to PYMNTS. Payments credit union service organization (CUSO) PSCU reported 11.4 The two weeks leading up to Thanksgiving, which spanned from Nov.

Volume 62

Volume Credit Union Credit Union Service Organization NOV 62

PYMNTS

FEBRUARY 26, 2020

As its gross merchandise volume (GMV) topped $1 billion for 2019, The RealReal Inc. In a call with analysts, CEO and Founder Julie Wainwright noted that the company generated a GMV of $1.008 billion for the full year 2019. reported a contribution profit per order of $19.72 and buyer acquisition cost (BAC) of $114 for the year.

Adjustments 52

Adjustments Non-Bank Volume Continuity 52

FICO

JANUARY 25, 2019

Synthesising insights from a large number of sources allows the pricing teams to quickly tweak their strategy to market trends, continue to meet internal KPIs and deliver the right price to the right customer, at the right time. Understanding the volume/margin trade-off is vital when responding to changes in regulatory caps.

Caps 74

Caps Returns Governance Government 74

PYMNTS

SEPTEMBER 15, 2020

Retail spending may be helping to spur freight volumes, and to push already lofty pricing higher. Yet he questioned whether that strength could continue, as the economy continues to be hit by the pandemic. Against that backdrop, spot markets, which comprise about 10 percent to 15 percent of volumes, have been tight.

On-Demand 56

On-Demand Volume Push-to-Card Credit Cards 56

PYMNTS

SEPTEMBER 15, 2020

Retail spending may be helping to spur freight volumes, and to push already lofty pricing higher. Yet he questioned whether that strength could continue, as the economy continues to be hit by the pandemic. Against that backdrop, spot markets, which comprise about 10 percent to 15 percent of volumes, have been tight.

On-Demand 56

On-Demand Volume Push-to-Card Credit Cards 56

PYMNTS

FEBRUARY 13, 2020

Payment processing was good to financial transaction provider WEX in 2019, as the company reported double-digit growth for the year in its earnings report today. The company also saw continued growth in its Shell and Chevron business, and a higher-than-expected contribution from the U.S. healthcare payments business over the past year.

Volume 60

Volume B2B Caps Transactions 60

The Fintech Times

NOVEMBER 4, 2024

In 2019, the central bank then introduced the ‘Payment and Settlement Act’, which provided the legal basis for the development, promotion, expansion, monitoring, and regulation of payments, settlement and clearing systems in the country. The post Can Nepal Continue Building Fintech Foundations to Support Economic Development and Growth?

Continuity 59

Continuity FinTech Payment Service Provider (PSP) Mobile Banking 59

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

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

AUGUST 21, 2020

And though 2019 was, well, not all that long ago, it seems like a million years ago. More recently, the executive said on Fox Business News that a return to previous travel volumes would hinge on a vaccine. I don’t think we’ll ever get back entirely to where we were in 2019 on the volume of business traffic.”.

Returns 116

Returns Volume On-Demand Continuity 116

PYMNTS

APRIL 6, 2020

Yet, consumers continue to overwhelmingly prefer physical transactions over contactless methods. percent reported in 2019. In fact, Apple Pay’s usage rate declined modestly from 2019 and to an even greater extent from late 2017, when it peaked at 6.9 Usage of Walmart Pay declined to an even greater degree since 2019, from 4.5

Point-of-Sale (POS) 93

Point-of-Sale (POS) Consumer Shutdown Contactless Payments 93

PYMNTS

JUNE 29, 2020

Across industries and across the globe, industry experts continue to raise concerns about shifting B2B payment habits — often to the detriment of small vendors. Analysis of more than 1,400 companies in the region found a whopping 40 percent increase in the portion of businesses that are being paid late, compared to 2019 research.

Payments 102

Payments B2B Volume Adjustments 102

PYMNTS

AUGUST 6, 2020

Sales began to rebound from the pandemic’s economic effects in late April, the company said in the letter, and continued to improve through the quarter with around 40 percent more year over year. “We are currently seeing more demand for our offering than we’ve ever seen in our history,” the company said in the letter.

Posting 61

Posting Volume Product Continuity 61

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. In Q4 of 2019, PayPal saw adjusted earnings per share rise to $.86 In Q4 of 2019, PayPal saw adjusted earnings per share rise to $.86

PayPal 85

PayPal Venmo Volume Cross-Border Payments 85

PYMNTS

JULY 28, 2020

For the current year, IATA’s forecasters see a decline in revenue passenger kilometers of 55 percent compared with 2019. Forecasters attributed their gloomier forecast to continued spread of the virus in the U.S. June 2020 traffic was off 86.5 percent compared with a year ago. May 2020 traffic was even worse, off 91 percent.

Volume 56

Volume On-Demand Economy Returns 56

PYMNTS

JULY 30, 2020

billion for Q2 2019. billion in second-quarter 2019. On the earnings call, Chief Financial Officer Brian Olsavsky pointed out that Q2 2020’s numbers topped Q4 2019 and that Q3 would be even bigger. “As As a reminder, Q4 is typically our largest volume quarter for the retail business. billion compared with $36.0

On-Demand 95

On-Demand Volume Continuity Posting 95

PYMNTS

AUGUST 14, 2020

Juliet Anammah , chairwoman and head of institutional affairs at Jumia, previously told PYMNTS those tailwinds have started blowing stronger during the past few months as the global public health crisis has increased the volume on demand for digital payments, eCommerce and new series of transaction experiences throughout Africa.

Volume 101

Volume On-Demand Digital Payments Addressing 101

PYMNTS

APRIL 13, 2020

The last time we had earnings season, stretching from mid-January into the end of February, banks pointed to the continued strength of the U.S. The company said volume was $2 billion from the credit card lending tied to the launch of the Apple Card. consumer, where spending was strong across cards, where auto loans remained resilient.

Online and Mobile Banking 124

Online and Mobile Banking Credit Cards Zelle P2P 124

Stax

DECEMBER 12, 2024

Merchant service accounts and how they work Merchant service providers assess your credit history, business type, and expected transaction volume during application. Simplified payment management Global cash usage dropped by 80% in 2019 and continues to decrease by 4% each year. Its easy to predict your monthly fees.

Small Business 88

Small Business Online and Mobile Banking Volume Checks 88

Fintech Finance

NOVEMBER 11, 2024

This new collaboration marks the continuation of a long-standing strategic partnership between the two companies and aims to digitize and optimize payment flows between travel agencies and the various suppliers associated with travel bookings. billion recorded in 2019.

Visa 88

Visa B2B Cross-Border Payments Cross-Border 88

PYMNTS

SEPTEMBER 9, 2019

The eCommerce brand Shopify is expected to pass eBay and become the second largest platform in the world in terms of sales volume behind Amazon , according to a report by CNBC. 9) that if it continues on its current course, Shopify will surely pass eBay. Its total merchant sales volume went up to $13.8

Volume 69

Volume Caps Research Continuity 69

PYMNTS

OCTOBER 7, 2020

In fact, a PYMNTS data project that studied Black Friday in 2019 found that only 20.2 The pandemic has accelerated everything about the digital-first economy, and it’s not too far beyond the pale to think that these trends will continue at least on the same trajectory. Which leads to the second issue: trend lines. On the flip side, 20.4

Volume 96

Volume Consumer Research Returns 96

PYMNTS

AUGUST 5, 2020

Cash App launched bitcoin deposits in June 2019. million in revenue in the first quarter of 2019. The app boasted 30 million users in June — that’s up from 26 million at the close of 2019. “We As we look toward the second half of the year, we continue to see opportunities to invest in our business for the long term.”.

Cryptocurrency 91

Cryptocurrency Bitcoin Direct Deposit Addressing 91

Fintech News

JUNE 25, 2024

However, as the company’s user base skyrocketed and transaction volumes soared, it became evident that a robust and scalable technological foundation was crucial to sustain this meteoric rise. Zikry revealed that their initial setup using MySQL-like databases struggled to cope with the escalating transaction volumes during peak events.

Database 107

Database Volume On-Demand Disaster Recovery 107

FICO

MARCH 14, 2023

To address this disconnect and truly operationalize AI, guardrails must be in place such that the overall Corpus AI continues to perform while components change. The trick is how to select the solution that minimizes behavior impedance mismatches across the dataset, so rules continue to be effective.

AI 52

AI Continuity Rules CHIPS 52

PYMNTS

MAY 13, 2019

The spotlight burned brighter for peer-to-peer (P2P) payment services in the first quarter of 2019, with those payment methods finding popularity among more consumers. During Q1 2019, Zelle sent $39 billion through its network via 147 million transactions, the company said in a news release. P2P Impacts.

P2P 79

P2P Zelle Venmo Debit Card 79

PYMNTS

APRIL 21, 2019

The aim is to announce the launch of the credit card in 2019, reported The Wall Street Journal. For its fourth quarter, Venmo posted an 80 percent increase in transaction volume, reaching $19 billion. Competitor Zelle had payment volume of $35 billion in the fourth quarter.

Venmo 76

Venmo PayPal Credit Cards Zelle 76

PYMNTS

AUGUST 6, 2020

Coca-Cola successfully worked with CONA to expand use of the blockchain software provider SAP ’s system in 2019. As it continues to innovate, Coca-Cola is grappling with plunging sales due to the coronavirus pandemic. In April, for example, Coke reported that global sales volume fell by a quarter.

Blockchain 87

Blockchain Cryptocurrency Volume Regulations 87

CB Insights

FEBRUARY 13, 2020

In an interview at CB Insights’ 2019 Future of Fintech conference, CFO and CPO William Gaybrick indicated that businesses are more constrained by developer resources than by capital. In August 2019, the company closed out its Series F funding round from Sequoia, Andreessen Horowitz, and General Catalyst at a $35B valuation.

Payment APIs and Integration 98

Payment APIs and Integration Online and Mobile Banking Payments Push-to-Card 98

CB Insights

APRIL 16, 2019

READ THE 2019 FINTECH TRENDS REPORT. In early 2019, Ant Financial invested $40M in Indonesian e-commerce payment and lending platform Akulaku, which serves customers in Indonesia, the Philippines, Vietnam, and Malaysia. By the end of the year, the tool’s transaction volume exceeded $6B.

FinTech 73

FinTech P2P Volume Acquirers 73

PYMNTS

OCTOBER 23, 2020

In the current environment, consumers continue to behave cautiously, spending less, saving more and paying down debts. Capital One said its domestic cards’ average loans fell 6 percent compared to Q3 2019 to $97.3 Purchase volume likewise dropped 1 percent year over year to $98.1 Capital One reported on Thursday (Oct.

Adjustments 70

Adjustments Consumer Volume Continuity 70

Fintech News

APRIL 1, 2024

According to the report, payment and crypto were the most targeted sectors by identity fraud attacks, with payments continuing to take the top spot in Q4 2023 by representing nearly half of all global fraud attempts during that quarter. Ransomware payments using cryptocurrencies reached US$1.1

Ransomware 108

Ransomware Payments Bitcoin Scams 108

PYMNTS

JULY 7, 2020

This will continue to be a critical and fundamental area for any payment provider, large or small.” There has been tremendous usage on an annual basis between March 2019 and March 2020, with API volumes multiplying four times. This has accelerated an expected trend. Growing Criticality of Resilience. A Flight to Network.

Innovation 110

Innovation Non-Bank Economy Treasury 110

PYMNTS

SEPTEMBER 17, 2018

Just last week NACHA revealed that ACH Network volume surpassed 2 billion transactions in August, an increase of more than 10 percent compared to the previous year. NACHA continues to expand ACH Network offerings to make it easier to use the ACH,” continued Larimer. NACHA and its members are now delivering those enhancements.”.

Same Day ACH 76

Same Day ACH NACHA ACH ACH Network 76

PYMNTS

JANUARY 2, 2019

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. What’s more, he noted that American Express is likely going to continue investing in blockchain exploration in 2019.

B2B 75

B2B Visa Distributed Ledger Technology (DLT) Commercial Card 75