Bank Innovation

JANUARY 19, 2018

EXCLUSIVE – Since its launch in 2010, Citi Ventures has focused on investments that are strategic to its parent, the global financial services provider Citigroup. But when your parent company is a bank that spans the world, you can get involved with a lot of things. The portfolio of Citi Ventures, which comprises 35 companies, […].

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Company Capital blockchain cryptocurrency 284

PYMNTS

JUNE 7, 2019

The rise in online shopping means more shoppers needing refunds on returned merchandise. Twenty-five to 30 percent of online orders are returned, three times higher than physical purchases. According to CBRE, in 2018 online returns were forecast to reach $37 billion in value during the gift-giving season.

Online 178

Online Retail Study Video 178

PYMNTS

JUNE 10, 2020

Online payment platform Trustly’s global expansion plans just got a big boost. The BlackRock-led group is injecting capital into Trustly at a time when the company is building out its network, which enables merchants to accept bank transfers with the same ease as they now take credit card payments. “At

Capital 131

Capital Groups California Online 131

PYMNTS

AUGUST 3, 2020

DayTek Capital , an Australian challenger bank known for its prepaid “Infinity” card, has been granted a banking license by the country’s Securities and Investments Commission, a report from AltFi says. In 2018, Volt was the first neobank to get a RADI, the report notes.

Capital 154

Capital ATM Analytics Report 154

PYMNTS

DECEMBER 29, 2019

As online banking continues rapidly evolving , ahead of another anticipated round of funding next year, digital challenger bank Monzo remains in discussions to secure as much as £100m in upcoming weeks. Monzo lost approximately £55m as of February 2019, a significant increase from £33m at the same point in 2018. In the U.K.,

Capital 143

Capital United States Digital Banking Online 143

PYMNTS

JANUARY 11, 2021

Capital One has signed on to join Fiserv ’s surcharge-free MoneyPass ATM network. Under the deal , MoneyPass will be made available at over 1,500 Capital One ATMs at Capital One branches, Capital One Cafés and other select locations. While ATMs are highly popular with customers, ATM fees are not.

ATM 130

ATM Capital Survey Cards 130

PYMNTS

MAY 22, 2020

Previously, Missfresh has raised $900 million thanks to investors like Jeneration Capital and Genesis Capital. As of 2018, Missfresh had $1.5 The demand for online groceries has become a factor in the U.S. A Missfresh spokesperson declined to confirm or deny the report. .

Online 209

Online Capital Report Survey 209

PYMNTS

DECEMBER 8, 2020

The surge in automotive online purchasing traffic sparked by the pandemic has led to increased demand for eCommerce. American Honda has worked with Modal, formerly Drive Motors, since late 2018 to create branded online buying tools for Honda and Acura. 8) of a $15 million Series A financing.

Oklahoma 253

Oklahoma Branding Tools Online 253

PYMNTS

APRIL 1, 2019

Some providers are capitalizing on the concept by launching new services that offer access to premium content such as newspapers and magazines in exchange for a monthly fee. The share of Americans aged 14 to 21 who subscribed to internet-based video services in 2018 is 80 percent. in the fourth quarter of 2018 (although it added 7.3

Innovation 130

Innovation Capital Los Angeles Video 130

PYMNTS

APRIL 8, 2020

Panera Bread has entered the online grocery business. An analysis from RBC Capital Markets showed that Amazon’s online grocery arm could produce $70 billion in gross merchandise volume by 2023 – more than three times that of 2019 – becoming a material portion of its total revenue. “We

Online 142

Online Analysis Report Survey 142

Bank Innovation

DECEMBER 24, 2018

While some banks and fintech view each other as competitors, that’s not always the case. In fact, there have been a number of significant bank-fintech partnerships this year. What follows is a list of four alliances that the Bank Innovation staff found most interesting. Lloyds Banking Group and Thought Machine Core overhauling is a […].

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Fintech Innovation Groups Capital 199

Bank Innovation

DECEMBER 26, 2018

This year the financial services industry saw a lot of fintech M&A activity. Here are five deals, in no particular order, that Bank Innovation's editors think will most significantly impact the landscape in 2019. PayPal Acquires iZettle Payments giant PayPal inked its largest deal ever this summer, acquiring Swedish company iZettle for $2.2

Fintech 218

Fintech Innovation Industry Payments 218

PYMNTS

APRIL 18, 2019

The Federal Reserve has released new data on small businesses’ appetite for capital, and it appears that financing demand is on the rise. Compared to 2017 figures, small businesses have increased their demand for capital. Nearly one-third sought financing online in 2018, an increase from 24 percent in 2017.

Capital 109

Capital Survey Online Lending 109

PYMNTS

JANUARY 7, 2021

Online FinTech startup SoFi announced Thursday (Jan. 7) that it was merging with publicly-traded Social Capital in an $8.6 Noto will continue in his role as CEO which he has held for three years since arriving from Twitter in 2018, where he was COO, and prior to that the NFL, where he served as CFO. consumers.

Capital 150

Capital Los Angeles Boston Lending 150

PYMNTS

APRIL 7, 2020

It’s easy to play Monday morning quarterback for the growth of online grocery. When consumers need essential items but get scared by a high-touch environment, it’s only natural for online numbers to spike. The prevailing data and wisdom at this point is that, yes, online grocery has spiked due to COVID-19.

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Online Marketing Comparison Capital 130

PYMNTS

DECEMBER 27, 2018

However, an awful lot is in fact different at the dusk of 2018 than it was at the dawn. The year 2018 saw massive changes in where consumers shop, how they pay, and what goods and services they want in their carts. Yet, as 2018 was coming to a close, Facebook was hit with just a bit more bad news. The Facebook Follies.

Retail 123

Retail Online Cards United States 123

PYMNTS

MAY 18, 2018

The rate of credit card delinquencies jumped 52 basis points (BPS) in the first quarter (Q1) of 2018, and will likely continue to increase over the next 12 months as consumers take on more debt. percent in Q1 of 2018, “down slightly from a year ago,” Moody’s said. Performance by banks was mixed again in Q1 2018. percent and 4.9

New York 120

New York Survey Cards Report 120

PYMNTS

DECEMBER 17, 2020

Account takeovers and shipping fraud increased by 347 percent and 391 percent, respectively, between 2018 and 2019, and the pandemic has only exacerbated these issues. Other fraudsters are deploying phishing schemes to net their ill-gotten gains, either using the stolen data themselves or selling it online.

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Fraud Online Retail Examples 255

PYMNTS

DECEMBER 15, 2020

billion and gave it an implied market capitalization of $14 billion. Wish, which is based in San Francisco and was founded in 2010 by ex-Google engineer Peter Szulczewski, runs an online marketplace known largely for selling discounted items from China. and it was the most-downloaded shopping app in the world in 2018.

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Report San Francisco Capital America 235

PYMNTS

DECEMBER 7, 2020

Social Finance (SoFi), a San Francisco-based online lending startup, is holding talks about selling to a blank-check acquisition company, Reuters reported, to help it debut on the stock market. The news reveals CEO Anthony Noto 's aspirations to go public after he succeeded SoFi Co-Founder Mike Cagney in 2018. SoFi was valued at $4.8

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Report San Francisco Lending America 269

PYMNTS

JULY 23, 2019

As noted in this space yesterday, there’s been a rush by venture capital firms to find and fund startups that focus on the digital transformation of buying and selling properties. Crunchbase has estimated venture capital money flowing to these firms in just the first few months of this year has topped $1.9

Capital 122

Capital Examples Course Management 122

Accenture

AUGUST 20, 2019

Consumers stay eager for friction-free, omnichannel experiences online and at the point of sale (POS). According to Worldpay’s 2018 Global Payment Report, mobile payments usage globally will grow to 28 percent in 2022 ¹. Market conditions are ripe for ISVs to move into payments. Merchants therefore need to adapt. 1 Worldpay.

Software 150

Software Capital Payments Analysis 150

Bank Innovation

APRIL 13, 2018

Berlin-based challenger bank N26 will be opening its services to users in the United States and the United Kingdom by the end of this year, founder and chief executive officer Valentin Stalf told Reuters today. The bank, which was officially launched in 2015, currently has a German banking license, allowing it to operate in other […].

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United States Operations Capital Online 210

PYMNTS

NOVEMBER 10, 2020

The amount of use cases has really expanded, as customers want to be able to answer simple questions when shopping online that aid in the consideration process. In early 2018, goodr grew from a small community of runners buying its products to appeal to a larger fanbase. Some of those questions are: How big is it? What are the details?

Retail 261

Retail Technology Training Online 261

PYMNTS

MARCH 6, 2019

PayPal said on Wednesday (March 6) that it has provided more than £1 billion in financing to small businesses in the United Kingdom through its Working Capital program. As has been reported, the company’s capital lending program lets companies receive cash advances against future revenues.

Lending 168

Lending Capital Online Company 168

PYMNTS

APRIL 8, 2019

An Israeli startup that creates anti-fraud services that deal with online transactions wants to raise $200 million for expansion, according to a report in Bloomberg. At Riskified, our goal is to turn fraud management into a growth engine for online retailers,” the company said on its website. “We

Fraud 181

Fraud Samsung Capital Online 181

PYMNTS

OCTOBER 7, 2020

percent of shoppers went to a physical store on that day, which was down five percentage points from 2018. percent shopped online during Black Friday last year, which was double the 2018 number. percent of shoppers visited both a physical store and an online store last year. On the flip side, 20.4

Millennials 241

Millennials New York City Retail Study 241

PYMNTS

MARCH 26, 2019

In 2015, news outlets ran articles about the “ gold mine ” of venture capital investments in the alternative finance sector. FinTech funding reached its highest level in five years in 2018, according to CB Insights data published last month, hitting $11.89 Further, GLI Finance revealed a $25.93

Lending 190

Lending Capital Fintech Security 190

PYMNTS

JULY 8, 2020

Ant Group, the online payment service affiliate of China’s Alibaba Group Holding Ltd, is looking to go public as early as this year, Reuters reported. . The Chinese financial services company was valued at $150 billion in a 2018 fundraising round. At the time, Credit Suisse and China International Capital Corp.

Groups 175

Groups Report Capital Regulation 175

PYMNTS

SEPTEMBER 29, 2020

“Walmart is keen to get a strong brand backing its eCommerce business, while Tata Group wants a global name and an established player in the online space,” a source told Mint. If the deal is signed, it would represent India’s largest retail space ever, eclipsing Walmart’s 2018 purchase of a 66 percent stake in Flipkart for $16 billion. .

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Groups User Experience Capital Retail 199

PYMNTS

APRIL 29, 2020

Online travel agencies (OTAs), among others, can enter a product ecosystem with a solitary integration, taking away the expensive reconciliation of payments and recouping of VAT internationally. Huaxing New Economic Fund, a subsidiary of Huaxing Capital, led the Series C+ round.

Payments 161

Payments United States Capital System 161

PYMNTS

DECEMBER 27, 2018

Matt Clark, president and COO of Corcentric , contributed the following piece as part of PYMNTS’ 2018 year-end eBook. Working together to implement solutions that provide value to both the buy-side and sell-side of the equation, buyers and suppliers achieve insight to working capital that was not previously possible.

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eBook Data Maine Capital 100

PYMNTS

JUNE 26, 2020

Albertsons’ IPO is the culmination of a saga that began in 2006 when private equity firm Cerberus Capital Management took a major position, with plans to grow the chain into one of North America’s gargantuan power grocers. in 2018 got the cold shoulder primarily for this reason. billion fundraise once anticipated.

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Idaho New York Online Capital 224

PYMNTS

NOVEMBER 15, 2018

Today’s coverage includes the latest way Instagram wants to appeal to online shoppers, along with fresh data about how fraudsters might attack on Thanksgiving Day. Instacart raises new capital, Berkshire takes a stake in Chase and bitcoin has a bad day. Welcome to Five at Five, your late look at the day’s payments and commerce news.

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Bitcoin Fraud America National 185

PYMNTS

JANUARY 3, 2019

A new study has revealed that retailers will lose around $130 billion in digital CNP (Card-not-Present) fraud between 2018 and 2023. This is something about which retailers remain undereducated, and has allowed fraudsters to capitalize on relatively low FDP spend,” explained research author Steffen Sorrell in a press release.

Fraud 152

Fraud Study Retail Online 152

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.

Online 98

Online Company Retail Payments 98

PYMNTS

JULY 9, 2019

Their efforts come as mobile ordering is more popular than ever: The volume of orders placed via mobile apps jumped a whopping 130 percent from 2016 to 2018, according to the PYMNTS Mobile Order-Ahead Tracker. Forty-five percent of customers say mobile options would encourage them to more frequently use online ordering services.

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Mobile Payments Los Angeles Hawaii 179