PYMNTS

DECEMBER 18, 2020

But of course, that mode could soon end if progress on vaccines continues at a rapid pace. Given the volume of subscriptions that consumers have started over the past year, it’s probably smart to imagine that we’ll see some “trimming back” once people are out and about again, Burkhart said. Building Subscriptions With Staying Power .

Consumer 120

Consumer On-Demand Checks Volume 120

PYMNTS

AUGUST 22, 2019

22) that showed double-digit percentage gains in volumes, driven by online commerce and increased traction among mid-market firms doing business and taking payments across the globe. Continuing a trend seen in past quarters, volume churn was less than 1 percent, said management. million euros. million euros.

Volume 66

Volume Process Processors Cross-Border 66

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

DECEMBER 22, 2020

Wilke wrote that the eCommerce giant will continue to take on the extra costs without increasing fees until June 1, 2021. "We Wilke wrote that while other companies have "passed along costs through surcharges and fee changes in 2020, [Amazon has] absorbed over $5 billion of those costs on your behalf."

Consulting 131

Consulting Volume Continuity Consumer 131

PYMNTS

DECEMBER 4, 2020

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 The bank also processed record-breaking online and mobile payment transactions on Cyber Monday, up nearly 25 percent over 2019.

Online and Mobile Banking 115

Online and Mobile Banking NOV Treasury Processors 115

FICO

JANUARY 6, 2021

Volumes will still be high and customer journeys will get more complex as initial volumes flatline. As governments rolled our payment holidays, the sheer volume of customers requesting them became a challenge of its own. There could be a bigger share of vulnerable customers needing forbearance.

Posting 98

Posting Credit Risk Risk Returns 98

The Fintech Times

APRIL 25, 2024

Continuous transaction controls (CTCs) have been introduced by numerous tax authorities to obtain business transactions in real-time or near real-time to improve the speed and accuracy of tax collection efforts. Continuous transaction controls (CTCs). The result?

Continuity 69

Continuity Near Real-Time Compliance Authorization 69

Fintech Finance

DECEMBER 9, 2024

It is committed to driving inclusive growth through open collaboration and continuous innovation. Total payment volume (TPV) of Antoms direct acquiring services nearly doubled between January and November 2024 over same period of 2023. Antom continues to strengthen its payment processing capabilities across all payment channels.

Embedded Finance 98

Embedded Finance Cross-Border AI Cross-Border Settlement 98

PYMNTS

NOVEMBER 11, 2020

The new rules expanded the parameters for determining market share to include factors such as transaction volume, user base, and page views.”. According to news site TechNode, the new rules will apply physical-economy statutes to the digital-first economy.

Regs 95

Regs NOV Law Enforcement Economy 95

PYMNTS

DECEMBER 24, 2020

Consumers, in short, entered spring 2020 realizing that their old, largely physical habits for feeding themselves were a bad fit in a world where proximity between themselves and strangers was frowned upon as a public health liability. The Industry Will Survive Because It Must, But Will Continue To Need A Boost From Tech.

Push-to-Card 82

Push-to-Card Consumer Innovation On-Demand 82

PYMNTS

DECEMBER 27, 2019

Daniel Pinto, the co-president and chief operating officer of JPMorgan Chase , told CNBC in an interview that 2020 will likely see sturdy economic growth of about 1.5 Next year, he said that will continue as uncertainties between the U.S. Because of the large volumes, large corporations tend to do better at making a profit, he said.

Economy 61

Economy Cryptocurrency Volume Blockchain 61

PYMNTS

SEPTEMBER 29, 2020

Separately, research finds B2B payments as the key driver behind surging instant payments volume in the years ahead. With faster and real-time payments adoption on the rise, the value of transactions moving via instant payment rails is expected to increase sixfold between 2020 and 2025, from $3 trillion to $18 trillion.

Instant Payments 129

Instant Payments B2B Innovation ISO 20022 129

PYMNTS

DECEMBER 27, 2019

Daniel Pinto, the co-president and chief operating officer of JPMorgan Chase , told CNBC in an interview that 2020 will likely see sturdy economic growth of about 1.5 Next year, he said that will continue as uncertainties between the U.S. Because of the large volumes, large corporations tend to do better at making a profit, he said.

Economy 54

Economy Cryptocurrency Volume Blockchain 54

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 2020 $3.8

Process 99

Process ISOs Credit Cards Online and Mobile Banking 99

PYMNTS

JUNE 1, 2020

Google issued a stark warning last week about the state of cybersecurity: Phishing attacks are on the rise and continue to take advantage of vulnerabilities resulting from the global pandemic. The case highlights the fraud risks of continued use of paper checks in B2B payments. said recently. Taking into account the estimated 30.2

Phishing 59

Phishing Continuity Data Breach Cybersecurity 59

PYMNTS

APRIL 16, 2020

Deferral requests, however, seem to have peaked about a week ago, though the bank is continuing to monitor the situation. Though Q1 2020 had been forecast to produce continued and perhaps even strengthened spending activity, the coronavirus quickly reversed that course. “We

Volume 63

Volume Push-to-Card Direct Deposit Small Business 63

PYMNTS

APRIL 6, 2020

Yet, consumers continue to overwhelmingly prefer physical transactions over contactless methods. These are among the key findings in Mobile Wallet Adoption 2020: Mobile Wallet Use And The COVID-19 Pandemic , our latest study in a series tracking the technology since 2015. For the 2020 report, PYMNTS surveyed more than 5,500 U.S.

Point-of-Sale (POS) 93

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

PYMNTS

JULY 28, 2020

June 2020 traffic was off 86.5 May 2020 traffic was even worse, off 91 percent. Forecasters attributed their gloomier forecast to continued spread of the virus in the U.S. Historical data for May and June disseminated by the IATA shows just how stark the situation has been for airlines during the worst months of COVID-19 so far.

Volume 56

Volume On-Demand Economy Returns 56

PYMNTS

SEPTEMBER 3, 2019

Transaction volumes will increase as frictions fall and everything becomes digital. Payment players can thrive in this invisible world.

Innovation 89

Innovation Credential Payments Consumer 89

PYMNTS

JULY 7, 2020

This will continue to be a critical and fundamental area for any payment provider, large or small.” ” The following is an excerpt from How 35 Execs Are Powering The Great Digital Shift Of 2020 (And Beyond) , contributed by Manish Kohli , global head of payments and receivables, Citi Treasury and Trade Solutions.

Innovation 110

Innovation Non-Bank Economy Treasury 110

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. PayPal said it expects to add approximately 35 million net new active accounts in 2020 — including acquisitions, but excluding Honey. Revenue came in at $4.96

PayPal 85

PayPal Venmo Volume Cross-Border Payments 85

PYMNTS

NOVEMBER 16, 2020

Speaking at the Citi 2020 FinTech Conference , Vosburg recounted some of the trends seen in the latest quarter and beyond, saying “we see moderate levels of growth” in overall transaction volume and in spending levels and transactions. Craig Vosburg , Mastercard ’s president of North America, said at a conference Monday (Nov.

Consumer 87

Consumer Cross-Border Visa NOV 87

PYMNTS

AUGUST 14, 2020

As of January of 2020, the internet and smartphone penetration rates in Africa were estimated to be well above half by 2025 and increasing, as they are fueled by tailwinds creating an environment for digitalization around the world. Ongoing losses, among other difficulties, has led to a decline in stock price at first.

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

PYMNTS

SEPTEMBER 1, 2020

But as the BIS wrote: “Despite the decline in the number of active correspondents and corridors, both the value and volume of cross-border payments processed via correspondent banking networks continued to grow in the last year, by roughly 5 percent and 4 percent respectively.

Correspondent Bank 123

Correspondent Bank Correspondent Cross-Border Cross-Border Payments 123

Fintech News

JULY 7, 2024

As Southeast Asia’s digital economy continues to surge, businesses are seeking robust technological solutions to support their growth. Evan Yang For example, OceanBase’s capabilities in supporting high-volume transactions have been well proven — every year during the annual 11.11 OceanBase brings high performance with lower cost.

Database 122

Database Economy On-Demand Innovation 122

Clearly Payments

OCTOBER 7, 2024

As of 2024, it is clear that the changes initiated during the pandemic are not just temporary adjustments but enduring shifts that continue to define the industry’s trajectory. in 2020, reaching $4.28 This growth trajectory has continued, with 2023 seeing e-commerce sales surpass $5 trillion for the first time.

Cross-Border 93

Cross-Border Processors Multi-Currency Contactless Payments 93

PYMNTS

NOVEMBER 27, 2020

Consumers and businesses alike have long been familiar with digital payments, but both now expect smoother payment experiences as the COVID-19 pandemic’s financial impacts continue. P2P app use has surged as expected in 2020, with Zelle recently reporting that it has now processed more than 1 billion transactions, for example.

Real Time Payments 106

Real Time Payments P2P B2B Zelle 106

PYMNTS

JULY 29, 2020

Total payment volume rose 52 percent to $37 billion, while active users grew by 8 million to north of 60 million. Rainey said PayPal is also continuing efforts “around expanding the Pay with Venmo in an eCommerce setting.”. The company was also unusual this earnings season in that it offered predictions for the rest of 2020.

Venmo 84

Venmo PayPal Direct Deposit Adjustments 84

PYMNTS

MAY 30, 2020

The hottest accessory of summer 2020? Recent data released by Walmart indicates that while consumers have continued to purchase new shirts during the pandemic, the fact that they are now only encountering their co-workers from the waist up on Zoom calls have sent pants sales plummeting during the pandemic. A face mask.

Consumer 54

Consumer Volume Continuity Process 54

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

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 125

Database Volume On-Demand Disaster Recovery 125

PYMNTS

OCTOBER 7, 2020

No responsible executive would tell their shareholders that they’re skipping aggressive sales tactics on a day when most people are off work and most retail companies are still trying to pull some semblance of a year out of the ashes of 2020. 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

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

PYMNTS

NOVEMBER 5, 2020

5), bitcoin followed suit, rising to over $15,000, signaling a continued confidence in the cryptocurrency. ET), reported CoinDesk , its highest level since January of 2018, and continued to rise throughout the day, hitting $15,237.78 Accumulation addresses are up 9 percent in 2020. "It As stocks rallied Thursday (Nov.

Bitcoin 85

Bitcoin Blockchain NOV Cryptocurrency 85

PYMNTS

DECEMBER 24, 2019

For starters, Zelle ’s Q3 results showed that its year-over-year payment values increased by 58 percent, while transaction volumes rose by 73 percent. Real-time payments — it’s a common phrase in 2019 that will become even more common in 2020. 10: Via Faster Payments. Take the U.S. Though the U.S.

Consumer 64

Consumer Zelle P2P Real Time Payments 64

Fintech Finance

MARCH 14, 2024

Great Hill Partners invested in One Inc in 2020 and will retain an equal stake to Nordic Capital alongside a significant continuing investment from the Company’s current management team. William Blair is serving as financial advisor and Kirkland & Ellis as legal advisor to Nordic Capital.

Payment Networks 52

Payment Networks Continuity Innovation Product 52