Remove 2020 Remove Micro-Entry Remove Volume
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ACH Fraud Is Rising - And New NACHA Measure Leaves Gaps

FICO

NACHA, the payments clearing house through which ACH transactions flow, reported a banner year in 2020, posting an 8.2% increase in volume and a 10.8% Additionally, ACH internet transactions rose 15% from 2019 to 2020. As it happens, 2020 was a banner year for ACH fraud, too. Trial and micro deposits of just a few cents.

NACHA 52
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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

In 2009, a decade after PayPal started offering online payments, San Francisco-based startup Square brought payments innovation to the point-of-sale , allowing businesses with smaller transaction volumes to accept card payments with its card reader and mobile phone card reader. on payment volume. Source: Square. Get the full report.

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From Investing To Budgeting, How Millennials Are Disrupting Personal Finance

CB Insights

Investing: Robo-advisors and micro-investing lower barriers to entry. Investing: Robo-advisors and micro-investing lower barriers to entry. But there’s still plenty of territory to be claimed: experts estimate that the digital advice market could surpass $1T by 2020. Payments: Mobile is replacing cash.

Finance 77
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24 Industries & Technologies That Will Shape The Post-Virus World

CB Insights

Apple and Google announced in April 2020 that they were collaborating on contact tracing technology for incorporation into iOS and Android devices. As of March 2020, Zoom’s share price increased 72% from December 2019 to April 2020. Big tech companies quickly jumped on the opportunity. Source: Business Insider.

Posting 101
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Everything You Need To Know About What Amazon Is Doing In Financial Services

CB Insights

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. Its first entry point in the market was in payments in October 2014. Overall insurance penetration in the country increased from just 2.7%