PYMNTS

JUNE 3, 2020

It now operates in 18 countries in Latin America. One difference is the use of debit cards online. For example, in Brazil, it’s very hard to use debit cards online, as most issuers don’t let consumers perform online credit card transactions. Therein lies the value proposition for Mercado Pago. million.

America 248

America Regional Fraud Mobile 248

PYMNTS

OCTOBER 23, 2020

Lego sales jumped 14 percent in the first half of 2020 compared to the same period last year, while the company’s operating profit increased 11 percent to $622 million. Nintendo’s operating profit surged 428 percent in its most recent quarter, built on surging sales of the Switch and Switch Lite consoles and the “Animal Crossing” game.

social media 215

social media Video Retail Branding 215

PYMNTS

JUNE 22, 2020

PYMNTS recently spoke with Keala Gaines , eBay’s head of global payments services, to understand how the platform’s payments strategy has changed over the years as well as to understand the role payments has played in helping it grow from a small operation to serving business and consumers across 100 countries with 27 international sites. “I

Strategy 230

Strategy Payments America Examples 230

PYMNTS

FEBRUARY 22, 2017

The cash infusion is geared toward helping the online lender build up a capital bulwark in an environment that has been a bit of rough sledding for financing done over the internet in general. Online marketplace for shipping, freight and transport services uShip had a strong close to 2016, said CEO Mike Williams.

Austin 122

Austin Online Texas Operations 122

Independent Banker

APRIL 30, 2022

While most of Alpine Bank’s in-lobby “shops” are carried out here at its Glenwood Springs branch, the program also has an online element. For example, our operations officers have stated that the shops make their jobs easier,” Smidt adds. “It By William Atkinson. Name: Alpine Bank. Assets: $6.4 Alpine Bank in Glenwood Springs, Colo.,

Community Bank 91

Community Bank Community Illinois Online 91

PYMNTS

NOVEMBER 5, 2020

That makes it that much easier for customers to scan an item with their phones and purchase it online (or within apps) in seconds. For instance, Lego sales jumped 14 percent year over year in 2020’s first half, while the company’s operating profit increased 11 percent to $622 million.

Retail 171

Retail United States Chicago US 171

PYMNTS

JANUARY 28, 2019

Yes, I know that for many of you, especially in California, this is old news and standard operating procedure – but hear me out. The card networks left it up to the states to decide whether or not to allow its operating merchants to do so. Surcharging has been permitted Down Under since 2003. Innovation by Any Other Name.

Regulation 181

Regulation Boston Cards Innovation 181

PYMNTS

OCTOBER 26, 2018

That comes in the wake of BEC scams that are growing as a threat to companies of all sizes and industries as they conduct B2B operations. The South China Morning Post reports that the SFC has set up a form online through a page titled “Reporting corporate fraud and market misconduct.”

Washington 122

Washington Fraud Security Report 122

PYMNTS

JUNE 10, 2019

In 2003, iTunes for Windows arrived in October 2003, allowing non-Mac users, the vast majority of the computing world, to buy music from Apple and sync it to an iPod for the first time. Social Finance, the online lender better known as SoFi, is losing three top executives this week. SoFi and Uber Reshuffle Their Upper Levels.

Apple 122

Apple Data social media Policies 122

PYMNTS

MARCH 2, 2020

Museums are putting their exhibitions online for people who want to visit but are unable to currently. Educators are putting coursework online so that children quarantined at home don’t have to miss out on key aspects of their education while school is closed or students can’t get there.

Innovation 281

Innovation Online Video Maine 281

PYMNTS

JULY 12, 2019

Mobile devices enable fast and secure access to services, many of which are solely available online. The city-state of Singapore has long been at the forefront of digital identity, first introducing its SingPass national ID card in 2003. The NDI is expected to be fully operational by the end of 2020.

Mobile 108

Mobile National Samsung Case Study 108

Fintech Labs Insights

DECEMBER 13, 2021

And it’s an area often lacking in traditional online banking services. Most providers operate on a dual revenue model, charging a monthly subscription fee to satisfy their VC investors craving recurring revenue predictability and a transaction fee to cover interchange costs. Founded: 2003. FAB Score*. Total Funding. 7 Dec 2021.

San Francisco 15

San Francisco Online Seattle Denver 15

PYMNTS

JULY 11, 2016

True or false: Thanks to mobile devices and apps, American consumers spend more time today shopping than they did in 2003. In 2003, the Bureau of Labor Statistics reported that American consumers spent roughly 48 minutes a day shopping offline and online. The virtuous circle of commerce online began.

Google 100

Google Mobile Apple Online 100

PYMNTS

OCTOBER 5, 2016

The use of prepaid cards has exploded over the last decade or so — in 2003 consumers put less than $1 billion on prepaid cards annually, but by 2012 that figure had grown to $65 billion and by 2018 that figure is projected to reach as much as $121 billion. The user base of prepaid cards has grown significantly as well.

Cards 189

Cards Google Tools Regulation 189

PYMNTS

JULY 12, 2018

Walmart has been operating in Japan for the last 16 years — a time described as “tumultuous” by the Financial Times ( FT ). Tesco entered the market through the purchase of an acquisition, a local discount supermarket chain in 2003 — by 2011, it had called it quits. As Walmart is refocusing its efforts in the U.S.

eBook 100

eBook Retail Marketing Report 100

CB Insights

APRIL 17, 2018

15 of the top 20 operate in the Greater Bay Area. Operating Location: San Francisco, CA. He later joined Kleiner Perkins Caufield Byers as a partner for a period between 1999 and 2003. Operating Location: San Francisco, CA. Operating Location: Philadelphia, PA. Operating Location: Menlo Park, CA.

San Francisco 71

San Francisco CA Capital Operations 71

Fintech Labs Insights

JULY 30, 2024

files recently, I ran across an Online Banking Report article I wrote in 1997 about Bank of Montreal’s pioneering online mortgage application. It was the first time anyone had put a mortgage app online and one of the first online credit apps of any kind.** Cleaning out some (paper!)

Atlanta 29

Atlanta Utah Miami San Francisco 29

PYMNTS

AUGUST 21, 2017

That’s where Reid Hoffman hatched the idea for LinkedIn in 2003 after inviting hundreds of his friends to create online profiles to get his idea for a professional online networking site off the ground. E-Bay acquired online ticket exchange, StubHub, in 2007. Speaking of online retailers, eBay went all out to court them.

Online 128

Online Retail San Francisco Mobile 128

CB Insights

JUNE 17, 2020

In the wake of the outbreak, everything from doctors appointments to schooling to workouts went online. Education: Technology and online content make the classroom optional. Online courses & content. Retail: Shopping goes even more online as grocery joins the e-commerce revolution. Online grocery. 3D printing.

Industry 101

Industry Technology Online Video 101

PYMNTS

APRIL 17, 2017

In 1997, he founded Worldpay, an online payments processor based in the U.K. In May 2007, Voice Commerce, the voice biometrics company he founded in 2003, launched VoicePay, the consumer-facing application of the company’s secure voice-initiated transactions processing platform. that he sold to RBS in 2002. Unclogging The Pipes.

Innovation 101

Innovation Fintech System Regulation 101

Independent Banker

SEPTEMBER 21, 2015

imberly Anderson, senior vice president and chief administrative officer of Cañon National Bank in southern Colorado, became her community bank’s loan compliance officer in 2003. I was familiar with the loan side of banking but not the deposit or operations parts, so all of that was new to me,” she says. By Ed Avis. Compliance.

Compliance 70

Compliance Community Bank Community Training 70

PYMNTS

JANUARY 30, 2020

spending some $163 million to buy a stake in Barstool Sports, founded in 2003 and described by the news source as a “controversial sports and pop-culture blog.” A closer look at football betting serves to illustrate how attractive online and mobile betting is becoming in the U.S., The latest news, via Bloomberg this week (Jan.

Online 131

Online Kansas City San Francisco District of Columbia 131

CB Insights

AUGUST 14, 2017

” But imminent isn’t the issue; in this area, Amazon is a looming threat extending into all aspects of the online payments and financial-services ecosystems. According to a recent Goldman Sachs report , Amazon is not “an imminent threat to PayPal or the card networks.”

Industry 47

Industry Payments Analysis Retail 47

CB Insights

MARCH 6, 2019

After soaring to a multi-billion-dollar valuation behind an iconic founder, a team of prominent backers, and a promise to revolutionize blood testing, Theranos officially ceased operations in 2018. Theranos was founded in 2003 by Elizabeth Holmes, then an undergraduate student at Stanford University’s School of Engineering.

Report 78

Report San Francisco Capital Company 78

PYMNTS

APRIL 29, 2016

These are the businesses that look simple but are the hardest businesses to operate. Reports yesterday (April 28) suggest that the CFPB will soon preside over online marketplace lending. And do that at scale. You all know them.

Apple 100

Apple Lending Report Marketing 100

CB Insights

OCTOBER 16, 2018

The online bookseller didn’t turn a profit for six years — today, it’s the second publicly traded company ever to hit a $1T market cap. 2003: Long-term thinking is rooted in ownership. In fact, in 2017, all of Amazon’s operating income came from AWS, a once-risky bet on a “dreamy” business idea.

Customer Experience 78

Customer Experience Innovation Company Technology 78

PYMNTS

JULY 18, 2016

The big daddy of the video rental industry at the time was Blockbuster , and it operated more than 4,500 such outlets. By June 2003, DVD rentals overtook VHS rentals. So, too, are the cable operators. It could have only made the app available on certain operating systems or devices. Fifteen percent of U.S.

Payments 100

Payments Video Marketing Course 100

CB Insights

MAY 10, 2018

Expertise: An experienced operator’s perspective on a problem and the different ways that it can be solved. There’s a complexity to getting these tools operational that compounds at scale. Bain, which has helped hundreds of similar businesses undergo their “digital transformation,” has that deep operator expertise.

Strategy 78

Strategy Management Analytics Tools 78

CB Insights

AUGUST 14, 2018

Following the opening of the Amazon Go store, Saks Fifth Avenue president Marc Matrick announced he was unconcerned about the threat automation poses to traditional brick-and-mortar establishments: “When you think about the online versus the offline experience, we don’t need AI in our stores,” he said on CNBC. “We We have ‘I’.

Bitcoin 78

Bitcoin Apple Industry Nebraska 78

PYMNTS

MAY 24, 2018

Necco had moved its operations to a large 50-acre site after leaving its longtime plant just outside Boston in 2003. With online grocery shopping, chewing gum and candy bars are out of sight and out of mind without, say, a checkout aisle. But, if Necco remains in business beyond autumn, it will likely relocate, Murphy said.

Boston 100

Boston Ohio Massachusetts Company 100

CB Insights

OCTOBER 29, 2018

Zynga, creator of Facebook games Farmville, Mafia Wars, and about a dozen different types of online slot machine games, paid $210M in 2012 for OMGPOP, creators of DrawSomething!, Date: March 20, 2003. The mega-company reported a $45B write-down in 2003 and then a $100B yearly loss. Zynga and OMGPOP. Date: March 21, 2012.

Google 76

Google Software Company Innovation 76

CB Insights

APRIL 24, 2018

E-commerce sales growth is pulling ahead of total retail sales ( 17% vs. 6% for year-over-year in Q4’17), and Amazon is controlling upwards of 40% of online sales in the US, according to the US Department of Commerce and Slice Intelligence, respectively. ” — Alistair Davidson, CFO, Ikea. Its membership fee revenue grew 12.6%

Retail 59

Retail Trends Technology Branding 59

Fintech Labs Insights

AUGUST 26, 2016

Online payment solution SafetyPay began operations in its 21st country this week. The Florida-based company now operates in Belgium, expanding its global footprint which covers the U.S., For SafetyPay, expanding operations in Europe fulfills one of the company’s strategic objectives.

Florida 12

Florida Maine America Operations 12

PYMNTS

DECEMBER 3, 2020

There are super apps that govern a lot of commerce, but [here in the states] I feel like I’m stuck in 2003. The payment relationships, whether B2B or B2C, he said, exist as the most fundamental relationships between parties especially for banks — not the accounts or the treasury operations.

Payments 168

Payments Innovation Capital Mobile 168

CB Insights

NOVEMBER 16, 2017

Both Lefkofsky (with Groupon) and Kleiner Perkins (with Cerent) were able to win so big in part because they had hands-on operational roles in their investments. Apax Partners also first invested in King Digital in 2005, when the company was still distressed from a point of near-bankruptcy in 2003. When Snap Inc.

Lending 78

Lending Capital Company Google 78

CB Insights

MAY 1, 2018

While still in operation, Google+ is hardly anybody’s favorite social network. ViewSonic Airpanel Smart Display V110, Microsoft (2003). Enter the Nook, their attempt at staying relevant and maybe even reclaiming some of their lost market share from the online retailer. P’zone, Pizza Hut (2003).

Innovation 78

Innovation Google Apple Video 78