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Covid-era contactless payment limit rises drove consumer usage but not adoption, research finds

NFCW

The Swiss central bank’s researchers based their analysis on anonymized, transaction-level data for a large sample of point-of-sale debit card payments made in Switzerland between 2019 and 2021. “In Switzerland – the country we study – the tap-and-go limit was doubled from CHF40 to CHF80 in April 2020.

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Here Are The Most Active Fintech Investors Since 2019

CB Insights

The post Here Are The Most Active Fintech Investors Since 2019 appeared first on CB Insights Research. For all of the underlying data and insights, check out our State Of Fintech Q1’20 Report: Investment & Sector Trends To Watch.

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U.S. Faster Payments Council Publishes Interoperability Research Report

Faster Payments Council

Faster Payments Council (FPC), in partnership with Glenbrook Partners, today released the research report, Why Interoperability is Important to Faster Payments. The report is the latest part of a three-year, multifaceted industry study consisting of quantitative and qualitative research, launched by the FPC and Glenbrook in 2019.

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Can Low Credit Card Balances Save Holiday Spending? Don’t Bet On It

PYMNTS

A new report from TransUnion shows that average consumer-level credit card balances have declined during the course of the COVID-19 pandemic and now stand at $5,075 as of Q3 2020, down from $5,668 in Q3 2019. The recent declines in total credit card balances reverse a three-year trend between the third quarters of 2017-2019,” said TransUnion.

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The State Of Fintech: Investment & Sector Trends To Watch

CB Insights

2019 saw fintech reach an inflection point on a global scale, pulling in $34.5B In 2019 there were 83 mega-rounds, an 81% jump from 2018. . 2019 saw fintech deals and funding spread to emerging and frontier markets. 2019 saw a record of 24 unicorn births, 8 of which occurred in Q4’19. across 1,913 deals.

FinTech 101
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CFPB: Santander Must Pay $4.75 Million For Credit Reporting Violations

PYMNTS

Between January 2016 and August 2019, the CFPB said it discovered numerous “systemic errors” that could have lowered consumers’ credit scores, such as the wrong date an account first became delinquent, according to a consent order.

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State Of Fintech Preview: Investment Trends To Watch

CB Insights

Deals and dollars could see a decline from 2019 despite deals bouncing back in Q4’20. Seed and angel deals are projected to fall to 37% of total deal activity in 2020, down from 42% in 2019. 97 mega-rounds YTD in 2020 has surpassed 2019’s total by 5. 97 mega-rounds YTD in 2020 has surpassed 2019’s total by 5.

FinTech 101