PYMNTS

DECEMBER 31, 2020

Key Data Points: Consumers are performing 12 percent more activities at home in 2020 than they did in 2019 and making purchases during 12 percent of those activities, on average. percent of consumers bought groceries online in 2020, compared to the 18.6 percent made purchases via mobile in the last 24 hours. 31 percent bank via app.

Innovation 111

Innovation Online and Mobile Banking Real Time Payments Cross-Border 111

PYMNTS

JANUARY 24, 2021

Cryptocurrency-related crime fell in 2020, according to a blog post from Chainalysis. percent of all crypto transaction volume, which came out to $21.4 percent, or $10 billion, by 2020, the report says. The crimes that ended up driving the change in 2020 were scams and the darknet market, the blog's stats report.

Crime 93

Crime Bitcoin Multi-Currency Debit Card 93

PYMNTS

DECEMBER 18, 2020

The National Restaurant Association ’s initial 2020 outlook was bright, as it projected sales just shy of $900 billion. Eateries are turning to online and mobile ordering as well as delivery to stay afloat, with online order volume from food chains spiking by 225 percent since the pandemic began. The Fraud Threats Of 2020.

Fraud Detection 91

Fraud Detection Security Credit Cards Card Issuer 91

PYMNTS

DECEMBER 18, 2020

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. But of course, that mode could soon end if progress on vaccines continues at a rapid pace. Building Subscriptions With Staying Power .

Consumer 120

Consumer On-Demand Checks Volume 120

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

PYMNTS

SEPTEMBER 22, 2020

Gluck said digitally-native firms that were already eCommerce-based pre-pandemic were generally well situated to deal with the great upswing in sales volume — and fraud attempts — that COVID-19 has brought. The Changing Landscape Of Need.

EMV 86

EMV Issuers CHIPS Card Issuer 86

PYMNTS

OCTOBER 14, 2020

But 2020 threw a curveball in the form of COVID-19, and a difficult springtime scramble as consumers’ reset to digital-only lives nearly overnight threw the supply chain into a slight state of disarray. In response to the radically shifted reality that emerged in early spring 2020, Prime Day was delayed. A Very Amazon Holiday Season.

Consumer 72

Consumer Volume Payments 72

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. Fiserv Head of Global Digital Commerce Nandan Sheth.

Push-to-Card 82

Push-to-Card Consumer Innovation On-Demand 82

PYMNTS

DECEMBER 19, 2020

The COVID-19 Grinch is trying to steal Christmas the way it stole most of 2020: by siphoning away all of the fun we’re used to having. The 2020 tree was, to put it mildly, something of a disappointment to bystanders on the day it was unveiled. But at least the tree made it.

Volume 122

Volume Origination Returns Process 122

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

CB Insights

JULY 30, 2021

increase the customer volume since 2020. The company claims to have $2B in payment volume, witnessing a 200% increase in monthly network payment volume since 2020. It provides its services to brands like Covetrus, True Brands, and Choozle. Catering to 250,000 businesses, Paystand has witnessed a 2.5x

B2B 82

B2B Blockchain Volume Payments 82

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.”.

Regs 95

Regs NOV Law Enforcement Economy 95

PYMNTS

DECEMBER 4, 2020

with 2019 transaction volume exceeding $1.5 The 2020 holiday shopping season is shaping up to be fundamentally different due to the increasing importance of digital sales channels,” Smith added. As the No. 1 eCommerce payment processor in the U.S. trillion, J.P.

Online and Mobile Banking 115

Online and Mobile Banking NOV Treasury Processors 115

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

Agile Payments

MARCH 17, 2020

The waste management sphere is seeing a major increase in the volume of electronic payments. More than 3/4 of consumers expect local service providers to offer the same degree of service as national brands, which simply makes having an electronic payments system that handles credit cards/ACH payments necessary in 2020.

ACH 88

ACH Payments Credit Cards Volume 88

PYMNTS

DECEMBER 22, 2020

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." billion on pay incentives and bonuses. He said Amazon plans to invest "billions more" as the pandemic continues into the new year.

Consulting 131

Consulting Volume Continuity Consumer 131

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

NOVEMBER 2, 2020

Total payment volume rose 36 percent to $247 billion, beating analyst estimates for $232 billion. PayPal is now reporting a run rate of approximately $1 trillion dollars in payment volume. Venmo also reported its best quarter ever in terms of payment volume — reporting a 61 percent year-on-year TPV increase to $44 billion.

Venmo 105

Venmo PayPal BNPL Volume 105

PYMNTS

JULY 17, 2020

As transaction volumes soared and millions were onboarded remotely during the lockdowns, cybercriminals had a field day. The following is an excerpt from How 35 Execs Are Powering The Great Digital Shift Of 2020 (And Beyond) , contributed by Brad Wiskirchen , CEO at Kount. And they still are having one.

Fraud Prevention 89

Fraud Prevention Volume AI Risk 89

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

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

Fintech News

MAY 26, 2024

Under Max’s leadership, our total payments volume grew nearly 5x from 2020 to 2023. With Max and Gang, we now have two world class operators poised to take Nuvei’s technology capabilities to new heights and further accelerate our global revenue growth during the next phase of our journey.”

Credential 106

Credential Volume Addressing Technology 106

PYMNTS

APRIL 6, 2020

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. percent of consumers reported using Apple Pay at the POS in early- to mid-March, and just 3.3

Point-of-Sale (POS) 93

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

CB Insights

SEPTEMBER 14, 2021

In 2021 so far, fintech companies in Europe have already eclipsed 2020’s full-year funding totals. Key Takeaways: Funding to Europe-based fintech companies in H1’21 surpassed 2020’s full-year total. higher than in all of 2020. Banking companies led the quarter in deal volume and growth at 34 deals, up 70% QoQ.

FinTech 88

FinTech Volume Research Posting 88

Fintech Finance

DECEMBER 9, 2024

Total payment volume (TPV) of Antoms direct acquiring services nearly doubled between January and November 2024 over same period of 2023. Antoms card processing volume grew over 10 times from that of previous year, while delivering top notch authorization rates to its global enterprise merchants.

Embedded Finance 98

Embedded Finance Cross-Border AI Cross-Border Settlement 98

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 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

NOVEMBER 3, 2020

But the running theme through all of the frustration that 2020 has created is uncertainty and the feeling that one never quite knows what’s going to happen next. consumers representing some $1 trillion of sales volume will shift some or all of their retail shopping to digital-first channels. Similarly, some 40 million U.S.

Consumer 136

Consumer Posting Volume PayPal 136

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. Businesses are joining consumers in stepping up their use of P2P and mobile payments.

Real Time Payments 106

Real Time Payments P2P B2B Zelle 106

PYMNTS

JANUARY 3, 2021

As for the logistics companies: What could be better than delivering record volume during a holiday season? Commercial real estate firm CBRE concluded in a December 2020 report that online retail in the U.S. was likely to hit $235 billion for the just-ended holiday shopping season, and that $71 billion of orders would be returned.

Returns 108

Returns Consumer Volume Process 108

PYMNTS

MAY 7, 2020

April 2020 was also a record-breaking month for PayPal in terms of enrollment and use. The first quarter of 2020 also saw payment transactions pickup by 20 percent to 1.2 billion and its total payments volume (TPV) increase by roughly $68 billion, a roughly 22 percent year-on-year increase. PayPal added 7.4 66 non-GAAP EPS.

PayPal 99

PayPal Transactions Process Venmo 99

Fintech Finance

OCTOBER 17, 2024

The global stablecoin payment volumes have been growing quickly, increasing tenfold since 2020, reaching $2.5 For BVNK’s high concentration of customers across the EU, their access to USDC is compliant with the Markets in Crypto-Assets Regulation, or MiCA, the European Union’s comprehensive law governing crypto assets.

Business Payments 105

Business Payments Stablecoins Use Case On-Demand 105

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

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. This will continue to be a critical and fundamental area for any payment provider, large or small.”

Innovation 110

Innovation Non-Bank Economy Treasury 110

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

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 billion, while Ozon is now considering plans for a $750 million IPO. JD.com Touts $25.7B Third-Quarter Net Revenues, Sales Surge In Indonesia.

Breach 92

Breach Payments On-Demand Laws 92

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