PYMNTS

DECEMBER 10, 2020

In eCommerce, Amazon ’s third-party merchants are worried they won’t be able to satisfy holiday demand due to restrictions on the volume of inventory the firm can keep in its facilities. 80%: Share of banking interactions done online in 2020. All this, Today in Data. Data: $189B : Amount that U.S.

Credit Risk 102

Credit Risk Risk Management AI On-Demand 102

PYMNTS

JULY 14, 2020

Moreover, Dimon noted that while the bank saw some of its lending portfolio hit hard by the pandemic during the second quarter, JPMC has also started seeing some green-shoot signs of returning consumer demand. Card sales volumes are down, but have been consistently trending upward since April,” Dimon said. “We billion from $9.7

Volume 65

Volume Credit Cards Non-Bank Push-to-Card 65

Fintech Finance

OCTOBER 17, 2024

The global stablecoin payment volumes have been growing quickly, increasing tenfold since 2020, reaching $2.5 To meet the demand from BVNK’s customers, the collaboration will streamline payment operations, reduce costs, and ensure faster transaction times across borders. trillion in June 2024.

Business Payments 105

Business Payments Stablecoins Use Case On-Demand 105

PYMNTS

DECEMBER 28, 2020

28) on CNBC, said the cargo volume is up 50 percent. CNBC said this situation is a "stark contrast" to the beginning of the pandemic in the spring when the volume of shipments fell dramatically. The numbers were up quite a bit from the first half of the year, which showed renewed strength in business and consumer shopping habits.

Volume 82

Volume On-Demand Consumer 82

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

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. We’ve seen a massive increase in demand for eCommerce for our business. Expect The Uncertain.

Push-to-Card 82

Push-to-Card Consumer Innovation On-Demand 82

Clearly Payments

NOVEMBER 6, 2024

The payment processing market in the United States has demonstrated robust growth, driven by rising consumer demand for digital payments, advancements in financial technology, and the expansion of e-commerce. Total Transaction Volume : The U.S. Credit Card Transaction Volume : Credit card payments specifically accounted for around $5.6

Process 99

Process ISOs Credit Cards Online and Mobile Banking 99

PYMNTS

DECEMBER 30, 2019

Apple is confident that strong sales of its Apple Watch and AirPods will be the ticket to drive up the company’s stocks in 2020, according to CNBC. Suva told CNBC demand for the wearables has become so great recently that they’ve been selling out, and people have had to wait much longer than usual to get them. CNBC spoke Monday (Dec.

On-Demand 52

On-Demand Origination Volume Continuity 52

PYMNTS

JULY 28, 2020

The latest forecast from the International Air Transport Association (IATA) has airlines grappling with reduced demand until at least 2024 – and that’s the best-case scenario. June 2020 traffic was off 86.5 May 2020 traffic was even worse, off 91 percent. percent compared with a year ago.

Volume 56

Volume On-Demand Economy Returns 56

PYMNTS

SEPTEMBER 3, 2019

Uber removed the uncertainty of getting a taxi and the planning required to book a ride by making reliable, high-quality and trackable car service available on demand. In 2009, the Uber app introduced consumers to a whole new way of getting transportation and a way for black-car drivers with the capacity to serve them.

Innovation 89

Innovation Credential Payments Consumer 89

Fintech News

JANUARY 7, 2024

But to fully realize the sector’s potential, stakeholders must focus on nurturing a robust ecosystem by enhancing capital access, attracting and retaining top talent and fostering a strong demand for payment solutions, a new report by Emerging Payments Association Asia (EPAA) says. By 2045, Indonesia’s population is expected to reach 318.96

Financial Inclusion 120

Financial Inclusion Innovation Payments NOV 120

Fintech News

JULY 7, 2024

The proliferation of super apps, diverse fintech solutions, and widespread digital transformation are creating demands on tech infrastructure, with traditional solutions often falling short of meeting the evolving needs of businesses and consumers. Global Shopping Festival in China, it helps process millions of transactions every second.

Database 122

Database Economy On-Demand Innovation 122

PYMNTS

JULY 7, 2020

” 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. The pandemic has also refocused client demand on doing business through digital-only solutions. A Flight to Network.

Innovation 110

Innovation Non-Bank Economy Treasury 110

PYMNTS

NOVEMBER 16, 2020

In today’s top payments news around the world, JD.com saw its Q3 2020 net revenues increase to $25.7 JD.com saw its Q3 2020 net revenues jump to $25.7 The subsidiary is tracking to roll out in January 2021 to meet the growing demand for eCommerce and digital payments. JD.com Touts $25.7B

Breach 92

Breach Payments On-Demand Laws 92

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 16, 2020

Requests for deferrals on mortgage payments have been relatively low in volume, according to Moynihan — though the bank has preemptively suspended foreclosures or repossessions of autos, which may have been pending before the crisis began. Demand for loan products has also fallen. Given the full-scale shutdown in the U.S.

Volume 63

Volume Push-to-Card Direct Deposit Small Business 63

Clearly Payments

OCTOBER 7, 2024

in 2020, reaching $4.28 This shift has placed immense pressure on payment processors to innovate and scale their digital offerings, ensuring they can handle the increased volume of transactions while maintaining security and user experience. trillion in 2021, a 25% increase from 2020. billion in 2022, up from $7.5

Cross-Border 93

Cross-Border Processors Multi-Currency Contactless Payments 93

PYMNTS

NOVEMBER 27, 2020

Consumers have meanwhile transitioned even more toward payment solutions that allow them to send or receive money in real time, with P2P apps like Zelle and Venmo reporting jumps in user activity during the first half of 2020. percent during Q3 2020. It is also notable that 50 percent of Zelle’s users are ages 45 and older.

Real Time Payments 106

Real Time Payments P2P B2B Zelle 106

PYMNTS

NOVEMBER 13, 2020

Looking at the plight of migrant workers and those working abroad during the COVID event, PYMNTS November 2020 Smarter Payments Tracker® powered by Nium notes that, “Legacy FIs can struggle to provide affordable remittance services that meet migrant workers’ needs, and their dependency on correspondent banking networks can drive up service costs.

Cross-Border 103

Cross-Border Cross-Border Payments Correspondent Bank Payments 103

PYMNTS

MAY 8, 2020

The first quarter of 2020 should have been business as usual — especially for the payments processors and financial services technology companies — the firms that keep commerce humming across offline and online channels. The stage had been at least partially set to help merchants meet the demands of life lived online and sheltered in place.

PayPal 98

PayPal Online and Mobile Banking Volume Point-of-Sale (POS) 98

PYMNTS

MAY 20, 2020

The company’s sales fell 25 percent in April and although there has been an uptick in May, global volumes are still negative, Quincey said, since about 50 percent of the company’s revenue stems from entertainment-type venues like restaurants, theaters and arenas.

Posting 91

Posting Federal Reserve On-Demand Returns 91

PYMNTS

NOVEMBER 2, 2020

When the World Bank issued its 2020 predictions for the remittances market, it was bad news for service providers in the space. The report , released back in April, predicted the sharpest-ever decline in remittance volume, projecting a 20 percent drop in remittance activity. A Short-Term Remittance Boom.

B2B 96

B2B Non-Bank Volume On-Demand 96

PYMNTS

JUNE 29, 2020

Yet despite the new frugality, pent-up consumer demand – especially for nonessential items like apparel and jewelry – is already starting to materialize. How people pay is what’s changing in 2020. With those trendlines, players in the sector are wasting no time.

BNPL 72

BNPL Online and Mobile Banking Volume On-Demand 72

FICO

OCTOBER 19, 2020

Home food delivery has skyrocketed during the pandemic; from January to July 2020, the number of credit card transactions for on-demand food delivery platforms increased by a whopping 86%. My team analyzed 2020 U.S. This post examines whether increased food deliveries are causing a similar rise in food delivery fraud.

Credit Cards 98

Credit Cards Correspondent Caps AI 98

PYMNTS

JULY 16, 2020

The following is an excerpt from How 35 Execs Are Powering The Great Digital Shift Of 2020 (And Beyond) , contributed by Amir Wain, founder and CEO of i2c. What has changed is the demand for certain payment types above others. What has changed is the demand for certain payment types above others.

Payments 95

Payments Contactless Payments Blocks On-Demand 95

PYMNTS

APRIL 17, 2020

However, there is one lesson that is already becoming clear from 2020’s black swan event, as businesses safeguard against future disasters — in our interconnected world, one cannot be prepared for the worst without taking into consideration the disruption of both supply and demand. and beyond, attention has turned to demand.

On-Demand 92

On-Demand Shutdown Volume Procedures 92

CB Insights

JUNE 7, 2021

Amid the pandemic-driven acceleration of e-commerce and shift to digital payments, Marqeta has seen rapid growth in revenue and demand for its card-issuing technology. Revenue is up 103% year-over-year : Marqeta’s revenue for the fiscal year ending December 30, 2020, was $290M , up from $143M in the previous year. First name.

Issuers 73

Issuers Card Issuer Payment APIs and Integration Innovation 73

Fintech News

MARCH 25, 2024

billion in private capital deal value or nearly twice that of 2020, the data show. But as these startups grow and expand, demand for larger size rounds and growth-stage capital will increase, fueling PE activity in the region. In 2022, the region recorded its highest level ever, attracting US$34.1

Participant 111

Participant B2C On-Demand Consumer 111

PYMNTS

DECEMBER 21, 2020

Strong Digital Sales Offset Weaker Wholesale and In-Store Volume. 1 ad consumers chose to watch on YouTube during 2020. Importantly, buying-member growth is outpacing new- and active-member growth, and growth in member demand is outpacing total digital growth.”. 18) on the company’s fiscal second-quarter earnings call.

NOV 106

NOV On-Demand Adjustments Consumer 106

Clearly Payments

AUGUST 24, 2024

Summary of Statistics in this Article In the United States, contactless payments accounted for 34% of all debit card transactions in 2023, a significant increase from 19% in 2020. In the United States, contactless payments accounted for 34% of all debit card transactions in 2023, a significant increase from 19% in 2020.

Debit Card 87

Debit Card P2P Cross-Border Central Bank 87

PYMNTS

AUGUST 20, 2020

Despite strong demand for food delivery in India due to dining restrictions wrought by COVID-19, transactions are below pre-pandemic levels because of a supply problem — many restaurants remain closed, delivery company Zomato concluded in a new report. As for Zomato itself, the pandemic appears to have driven an increase in overall demand.

Authorization 80

Authorization On-Demand Research Returns 80

PYMNTS

AUGUST 5, 2020

In addition to its significant revenue increase from seller fees and user deposits, the company’s Cash App generated $875 million of bitcoin revenue and $17 million of bitcoin gross profit during the second quarter of 2020, up 600 percent year over year. By comparison, Square made $306 million in bitcoin revenue for Q1.

Cryptocurrency 91

Cryptocurrency Bitcoin Direct Deposit Addressing 91

PYMNTS

JULY 30, 2020

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. 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 billion compared with $36.0

On-Demand 95

On-Demand Volume Continuity Posting 95

PYMNTS

DECEMBER 3, 2020

and Macy’s as it struggled with the unprecedented demand from the pandemic-driven eCommerce surge. A UPS spokesman told the WSJ that the company will pick up packages from customers whose “demand exceeded allocated space” once more capacity becomes available. “We 1 to March 31, 2020) and the pandemic period (April 1 to Oct.

On-Demand 62

On-Demand NOV Returns Volume 62

CB Insights

JUNE 17, 2020

Finance: Demand for contactless options accelerates digital adoption. Telehealth providers like Teladoc are optimistic that increased demand under Covid-19 will translate to long-term growth in the space, as many of its first-time users become repeat visitors. Online grocery. Enhanced e-commerce. Conversational AI/chatbots.

Posting 101

Posting Technology Online and Mobile Banking On-Demand 101

PYMNTS

APRIL 3, 2020

According to the release, Sweden is one of Europe’s most advanced European countries when it comes to instant payments usage, with large daily volumes. The conclusion of the strategy review will therefore be postponed from the end of 2020 to mid-2021.”. Today, the average number of daily instant payments is 1.5 million per day. “In

Real Time Payments 75

Real Time Payments Central Bank Instant Payments Agreements 75

PYMNTS

OCTOBER 14, 2020

Moynihan said America’s second-largest bank sees consumer and commercial demand continue to improve, alongside a U.S. Moynihan said America’s second-largest bank sees consumer and commercial demand continue to improve, alongside a U.S. Bank of America (BofA) said on Wednesday (Oct. Year to date, across $2.3 Year to date, across $2.3

Consumer 81

Consumer Credit Cards Non-Bank On-Demand 81