The Fintech Times

MAY 26, 2024

In September 2019, Konsentus started reporting on the number of regulated open banking third parties in the European Economic Area (EEA). Konsentus’ data reveals that in September 2019, 34 per cent of the total number of EEA TPPs could passport their open banking services to other EEA markets.

Cross-Border 129

Cross-Border Non-Bank Regulations Payments 129

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

Volume 62

Volume Credit Union Credit Union Service Organization NOV 62

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

APRIL 9, 2020

exhashes per second that comprised for approximately 20 percent of the computing power growth of the bitcoin network in 2019. Canaan said it sold overall computer power of 10.5

Bitcoin 70

Bitcoin Returns Volume Consumer 70

PYMNTS

DECEMBER 4, 2020

The bank also processed record-breaking online and mobile payment transactions on Cyber Monday, up nearly 25 percent over 2019. with 2019 transaction volume exceeding $1.5 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

Online and Mobile Banking 115

Online and Mobile Banking NOV Treasury Processors 115

PYMNTS

DECEMBER 8, 2020

Cash App’s gross payment volume was $2.9 billion in the third quarter, up 332 percent from 2019, the company said last month. By way of comparison, it closed out 2019 at $62.56. Third-quarter results released last month showed that gross payment volume (GPV) hit $31.7 billion during the same period in 2019.

Contactless Payments 90

Contactless Payments Volume Payments 90

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 8, 2020

200%: Minimum increase in online clothing shopping in March, compared to 2019. 74%: Increase of transaction volumes in most eCommerce retail sectors in March compared to 2019. Data: 210%: Increase in the dollar value of orders from full-assortment grocery merchants from March 12 to March 15, YOY.

Continuity 85

Continuity Volume Transactions Consumer 85

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

DECEMBER 18, 2020

million in 2019, Poshmark made $21.1 That’s up 28 percent from the same 2019 period. million from $50 million in the same 2019 period. Gross Merchandise Volume Is Rising . orders on average on our platform in 2019.”. Unlike some platform companies that have filed to go public, Poshmark is actually profitable.

Volume 92

Volume Consumer Posting Technology 92

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. Once approved, you get access to your merchant account.

Small Business 88

Small Business Online and Mobile Banking Volume Checks 88

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 69 at the same time last year, and ahead of forecasts of $.83. Revenue came in at $4.96

PayPal 85

PayPal Venmo Volume Cross-Border Payments 85

PYMNTS

APRIL 6, 2020

percent reported in 2019. Consumers were also considerably less likely to report shopping over the last 24 hours than they were in 2019, an indication that shoppers may have been “loading their carts,” perhaps to limit the frequency of their trips or in anticipation of wider shutdowns. percent, slightly higher than the 78.1

Point-of-Sale (POS) 93

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

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

APRIL 9, 2020

Those interested in the benefits must have already filed a 2019 tax return and received a refund deposited directly into their Chime account. He said Chime was able to hire “five or six people” last week, and March had been the best month in the bank’s history in terms of transaction volume and revenue.

Checks 96

Checks Economy Returns Volume 96

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

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

JULY 17, 2020

As transaction volumes soared and millions were onboarded remotely during the lockdowns, cybercriminals had a field day. In a 2019 PYMNTS eBook much like this, we made predictions for eCommerce in 2020 and the next decade. Just six months into the new decade, we’ve seen that play out in ways we couldn’t have predicted in 2019.

Fraud Prevention 89

Fraud Prevention Volume AI Risk 89

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 111

Database Volume On-Demand Disaster Recovery 111

PYMNTS

DECEMBER 28, 2020

28) on CNBC, said the cargo volume is up 50 percent. In November, the port logged 890,000 20-foot-equivalent units of shipments, a 22 percent increase from the same month in 2019. CNBC said this situation is a "stark contrast" to the beginning of the pandemic in the spring when the volume of shipments fell dramatically.

Volume 82

Volume On-Demand Consumer 82

PYMNTS

APRIL 13, 2020

As reported by the Financial Times over the weekend, joint estimates by Oliver Wyman and Morgan Stanley predict that even with rapid economic recovery seen within six months, profits would decline by 100 percent in 2020 as compared to 2019. Goldman , which has been moving downstream to capture more share of banking wallet in the U.S.

Online and Mobile Banking 124

Online and Mobile Banking Credit Cards Zelle P2P 124

FICO

MARCH 25, 2020

Home Credit , a global non-bank consumer lender, has successfully reduced its credit risk while maintaining loan volumes and keeping approval rates steady by incorporating the FICO® Score X Data to optimize its loan process in China. For its achievement, Home Credit was awarded the 2019 FICO® Decisions Award for Financial Inclusion.

Risk 97

Risk Financial Inclusion Point-of-Sale (POS) Risk Assessment 97

PYMNTS

OCTOBER 12, 2020

CEO Aditya Mishra said the company has seen around 2,000 customer sign-ups in the last week or so as almost 30 percent of BitMEX's trading volume has been withdrawn by customers since U.S. He said Qume’s goal, since forming early in 2019, was to build a regulatory-friendly, more decentralized experience for things like custody.

Bitcoin 104

Bitcoin Money Laundering Compliance Non-Bank 104

PYMNTS

OCTOBER 7, 2020

In fact, a PYMNTS data project that studied Black Friday in 2019 found that only 20.2 consumers representing $1,025 billion of sales volume will shift some or all of their retail shopping to digital channels, 40 million U.S. billion of sales volume will shift some or all of their food ordering, and around 35 million U.S.

Volume 96

Volume Consumer Research Returns 96

CB Insights

NOVEMBER 22, 2021

The company has experienced 100% growth YoY since 2019, and it processes over $100M in transaction volume on a monthly basis. The company caters to over 47M account holders. Ozow’s clients include Uber, Vodacom, MTN, Shoprite Group, and Takealot, among others. Ozow sees 140K new users each month. Want the full post?

Payment Gateways 76

Payment Gateways Gateways Online Payment Processing Payments 76

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

NOVEMBER 12, 2020

percent in 2019 and its share of borrowings at 3.63 Debit card POS purchase volume hit $102.9 Bloomberg noted that although the private-label credit card market has grown to $191 billion, Wells Fargo still lags behind major players such as Synchrony Financial, Citigroup and Capital One Financial. billion in the third quarter, up 11.1

Credit Cards 114

Credit Cards Point-of-Sale (POS) Push-to-Card Debit Card 114

PYMNTS

SEPTEMBER 30, 2020

Banking revenue from international transaction services increased 2 percent compound annual growth rate (CAGR) during the last 10 years to approximately $400 billion in 2019. In 2020, the global pandemic has brought that to a screeching halt,” the “ Banking after COVID-19 ” report noted.

Finance 95

Finance Non-Bank Underserved Cash Management 95

PYMNTS

DECEMBER 21, 2020

In December 2019, Paystand entered into an initial partnership with JCB to provide an end-to-end online payments system for clients of JCB and large Japanese companies. Even though Japan’s B2B payments space accounts for $10 trillion in yearly volume, cash transactions are still in the lead as is the case in a number of markets.

B2B 98

B2B Blockchain Product Payments 98

PYMNTS

AUGUST 7, 2020

The platform’s transaction volume increased to a record $1.34 The 2019 audit found that the personal data held by the nation’s primary digital payments system, which is operated by the RuPay card network, was vulnerable. Four years ago, India launched its Unified Payments Interface (UPI). In July, the National Payments Corp.

Digital Payments 106

Digital Payments Central Bank Online and Mobile Banking Disputes 106

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 By comparison, Square made $306 million in bitcoin revenue for Q1. Square has been a supporter of cryptocurrency, which generated $65.5

Cryptocurrency 91

Cryptocurrency Bitcoin Direct Deposit Addressing 91

PYMNTS

NOVEMBER 12, 2020

Amazon launched its Key In-Garage Delivery service in early 2019 in an effort to thwart package theft by so-called “porch pirates.”. The Key In-Garage Grocery Delivery service will initially be available in Chicago, Dallas, Los Angeles, San Francisco and Seattle before expanding to other cities around the country.

NOV 105

NOV Volume On-Demand Consumer 105

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

JUNE 29, 2020

Despite widespread disruption in global supply chains, a new report from Medius indicates that supplier invoice and payment volumes have actually remained relatively stable this year compared to last. But some analysis suggests supplier payment strategies are in flux to better support the working capital positions of corporates.

Payments 102

Payments B2B Volume Adjustments 102

Fintech Finance

NOVEMBER 11, 2024

With the volume of business-to-business payments in the EEMEA region increasing rapidly, the need for digitization has never been greater. billion recorded in 2019. At Mastercard, we are doubling down on corporate solutions and enabling new digital payment solutions to better support the markets we serve.

Visa 98

Visa B2B Cross-Border Payments Cross-Border 98

PYMNTS

JULY 24, 2020

In June, sales volumes increased by 14 percent from May, surpassing forecasts in a Reuters poll of economists. Overall sales volumes rose to within 0.6 Overall sales volumes rose to within 0.6 But when fuel sales, which have dropped as residents stay home, are excluded, volumes were 2.4 percent of February’s level.

Volume 75

Volume Returns Non-Bank Consulting 75

PYMNTS

AUGUST 5, 2020

The app boasted 30 million users in June — that’s up from 26 million at the close of 2019. And Square’s gross payments volume in Q2 dipped 15 percent year over year. Instead, Square Capital loan volume was driven by the Paycheck Protection Program, which provided $873 million to more than 80,000 small businesses.

Tax Refunds 87

Tax Refunds Small Business Shutdown Venmo 87