PYMNTS

OCTOBER 15, 2019

Citi’s latest financial report comes as the bank is engaged in various hot areas of payments, not the least of which is dealing with — and trying to get ahead of — ongoing shifts in payments, commerce, security and transparency, and giving corporate cash managers an edge when it comes to real-time and instant payments and other areas.

America 109

America Cards Regional Resources 109

Accenture

JULY 9, 2019

Guest bloggers Anupam Majumdar and Arnab Sinha from our European payments strategy team provide perspective on dissecting the changing revenue fundamentals of European payments. While this might be applicable for the oversupplied bank payments space, payments transaction economics across other segments are still generally healthy.

Payments 152

Payments Fraud Data Examples 152

PYMNTS

OCTOBER 4, 2019

FinTechs in Europe have been experiencing a rise in value as many investors look for alternatives to run-of-the-mill, brick-and-mortar banks. Digital banks are generally seen as more attractive, as they are no longer struggling to find a solid foothold after the financial crisis a decade ago. Vista purchased DH Corp.

Fintech 197

Fintech Community Bank Community Leadership 197

PYMNTS

DECEMBER 6, 2019

Royal Bank of Canada (RBC) Capital said there’s an overlooked part of Amazon ’s ecosphere of services that’s being casually overlooked but will be extremely profitable for the company in the coming years, according to a report by CNBC. RBC said Amazon Business will see revenue exceeding over $30 billion in just a few years. “We

Capital 149

Capital Retail Industry Marketing 149

PYMNTS

JANUARY 14, 2021

Grab Financial Services Raises $300 Million, 2020 Revenues Up 40 Pct. Showing the continued struggles of retail stores in the pandemic era, Nordstrom reported a 22 percent net sales decline for the nine-week holiday period that ended Jan. NEW DATA: Relevance Test: Majority Of Consumers Find Bank Web Content Lacking.

eBook 130

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PYMNTS

APRIL 30, 2019

Fidelity National bested first quarter estimates on the heels of transaction growth and increased spending by banks as they embraced upgrades to infrastructure amid transitions to digital banking and payments. beat the Street by a dime; revenue of $2.06 CFO James Woodall said banking and wealth results were up 7.2

Conference 134

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PYMNTS

OCTOBER 16, 2018

Goldman Sachs booked a 4 percent year-over-year revenue increase for the third quarter of 2018, with that growth powered in part by increased lending through its Marcus by Goldman Sachs online consumer savings and lending platform. Q3 revenue for the investment bank hit $8.65 percent higher than the $5.02

Lending 147

Lending Digital Banking Retail Branding 147

PYMNTS

JANUARY 14, 2019

billion, which was down 2 percent from last year. billion in revenue contribution was down 14 percent from last year, proved a headwind, and clients proved risk-averse, as management stated on the earnings call. The firm noted that revenue from Treasury and Trade Solutions , which focuses on corporate services, gained 7 percent to $2.4

Mobile 108

Mobile America Branding Cards 108

PYMNTS

FEBRUARY 26, 2020

Digital banking and payments firm i2c is partnering with next-generation commerce firm Sightline Payments to deliver cashless, mobile and omnichannel programs to over 45 gaming resorts, state lotteries, digital gaming and sports betting sites across eight states, i2c announced on Wednesday, Feb.

Oregon 232

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PYMNTS

JANUARY 20, 2020

There are a few common themes among big bank earnings reports. consumer spending is carrying over to other areas where banks get their bread and butter. That positive consumer mindset has also helped foster positive sentiment among corporate and commercial customers of the bank, said Piepszak. In the U.S., In the U.S.,

Cards 134

Cards America Course Mobile 134

CFPB Monitor

MAY 18, 2022

In the coming weeks, we will explore the proposal in more detail, including how the proposal differs from the OCC’s rescinded rule, how assessment areas are delineated, the Community Development Test, and the impact of the rule on small, intermediate, and large banks. Small and intermediate banks would not be subject to this requirement.

FDIC 78

FDIC Regulation Community Lending 78

PYMNTS

APRIL 14, 2020

Revenues were off by 3 percent to $29 billion in the quarter. Eyes on Wall Street may have been focused on trading revenues, at a record $7.2 JPMorgan has projected that the verticals most likely to be impacted by the “fairly severe” recession, per remarks made by CEO Jamie Dimon , would be energy, real estate and retail.

Cards 131

Cards Community Bank Conference Community 131

PYMNTS

APRIL 15, 2019

Revenues were $8.8 At least part of that miss came as investment management revenues were lower than forecast, at $1.5 Additionally, within the investment and lending segment, revenues were $1.8 billion were shy of consensus of about $2 billion. Additionally, within the investment and lending segment, revenues were $1.8

Apple 115

Apple Operations Management Online 115

PYMNTS

AUGUST 6, 2019

Apple is looking to bolster revenues as sales of iPhones slow , while the card is an opportunity for Goldman Sachs to grow its reach into retail banking. Services or goods that are bought directly from Apple, such as its online store, retail stores, Apple music and iTunes, will come with 3 percent cash back.

Apple 155

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PYMNTS

JANUARY 24, 2019

First, it announced an investment from UPS which will allow both companies to boost their retailer demand generation programs, while giving UPS My Choice members a strong shopping platform. ShopRunner will provide Precognitive’s product to its network of retailers. Online shopping network ShopRunner has had a big week.

Retail 129

Retail Fraud Meeting Analytics 129

Accenture

OCTOBER 18, 2019

For banks, this transition is both an opportunity and a threat. Mobile apps from industry newcomers, like the French challenger bank Kard and US-based Zelle, allow users to make payments and send and receive money instantly. Our analysis shows that consumer credit card revenue per transaction dropped 12 percent, from $1.21

Industry 150

Industry Payments Survey User Experience 150

PYMNTS

JUNE 19, 2020

To qualify, they must have spent or expect to exhaust their first PPP loan and can demonstrate a 50 percent revenue loss due to the COVID-19 pandemic. the global technology company specializing in retail, and JD.com Inc., And, in fact, that $2 billion had never been there in the first place. Alibaba Group Holding Ltd.,

Payments 141

Payments social media Tools Resources 141

PYMNTS

JANUARY 3, 2020

Looking past the cheerful numbers tied to holiday shopping and the tens of billions of dollars spent on Black Friday, Cyber Monday and into Christmas, the decline of retail, at least the traditional retail model, continues into the new year, and across oceans. The retail sector is among the largest employers in the U.K.,

Retail 131

Retail Samsung National Taxes 131

Accenture

OCTOBER 14, 2019

Digital credit for consumers is an underpenetrated and underestimated opportunity for banks and retailers alike. For example, merchant service providers in the retail sector often work with digital invoicing suppliers to enable a pay-later or pay-by-installment option within the e-commerce checkout.

Payments 150

Payments Lending Examples Innovation 150

PYMNTS

OCTOBER 1, 2019

The government has promised to spend half of the extra revenue on Social Security and free childcare, as well as reducing the budget deficit. Retailers must sign up to participate, with different payment companies implementing the system in various ways. While there were some system problems reported on Tuesday (Oct.

Taxes 101

Taxes System Security Retail 101

PYMNTS

APRIL 15, 2020

times their W-2 payroll if they apply. Retailers received just under 105,800 loans and 8.6 As has been widely reported, the PPP got off to a bumpy start , as several big banks were slow to set up web portals to accept loans. The average firm surveyed by PYMNTS had 28 employees and revenue of $1.5 percent, or $22.7

Survey 201

Survey Texas New York California 201

PYMNTS

FEBRUARY 25, 2020

The fund’s investors include retail landlords like Acadia Realty Trust and Macerich. Those companies will be the middlemen if eCommerce companies look to follow Amazon, Warby Parker, Casper and others as they seek new revenue flows and omnichannel synergies. There will never be a 1,500-store retailer that is truly ubiquitous.

Retail 130

Retail Branding America Online 130

PYMNTS

JANUARY 17, 2020

However, there is one shopping channel in which BNPL may be able to help retailers and additional providers generate much more revenue: mobile. Global retailers’ average mobile cart abandonment rate is approximately 86 percent, according to some studies. BNPL Could Solve Mobile Shopping Hardships .

Mobile 130

Mobile social media Retail Study 130

PYMNTS

OCTOBER 24, 2019

Capital One ’s domestic card business provided strong results and continued to pick up momentum, the bank said on Thursday (October 24). The bank also reported that non-interest expenses increased 2 percent to $3.9 The bank also reported that non-interest expenses increased 2 percent to $3.9

Capital 101

Capital Cards Conference Customer Experience 101

PYMNTS

SEPTEMBER 2, 2019

Some VASPs are regulated as money transmitters under the Bank Secrecy Act (BSA) while others escape regulation, said David Murray, FIN’s vice president for product development and services. The testimony also suggested that transparency of retail and other consumer payments improve. financial system.

Groups 124

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PYMNTS

JANUARY 13, 2021

The Fed itself has kept rates at or near historic lows for quite some time; and for now, inflation is well below the 2 percent target that has traditionally been cited by the central bank. PYMNTS found that 71 percent use online channels, 68 percent use physical stores, 66 percent use the telephone and 59 percent use marketplaces.

St. Louis 167

St. Louis Los Angeles Meeting Maine 167

PYMNTS

OCTOBER 4, 2017

Orange, the French telecom company, is gearing up to launch an online banking service in an effort to diversify its revenue. According to news from Reuters, the company plans on launching the online banking service on Nov. 2,” a Orange spokesman told Reuters, confirming a report by La Tribune , a French newspaper.

Online 100

Online Mobile Operations Retail 100

PYMNTS

JANUARY 23, 2017

billion in revenue, which marked 15 percent growth year over year. Excluding Costco from the mix, the report found the rate declines to 2 percent year over year in terms of growth. While the help from Costco is good news in the short term, the Business Insider report implied it could hurt the bank down the road.

Branding 100

Branding Cards Maine Analysis 100

Abrigo

OCTOBER 28, 2022

Managing loan workouts and modifications Tips for preparing your bank or credit union to handle an increased volume of problem loans while ensuring prudent credit risk management. Takeaway 2 Meanwhile, banks and credit unions will likely see a beefed-up regulatory emphasis on credit risk management practices, especially tied to CRE. .

Management 195

Management Risk Management Policies Lending 195

PYMNTS

FEBRUARY 14, 2018

Payfone announced that it has raised $23 million to expand its cybersecurity services in the retail, insurance, and healthcare sectors. Our research shows that by 2020, 2/3 of eCommerce sales will be conducted by adults under 40.

United States 100

United States Fraud Customer Experience Innovation 100

PYMNTS

DECEMBER 30, 2020

There were several notable rounds, including high-value deals for supply chain management, B2B eCommerce and small business banking. Snap Accounts Payable, otherwise known as SnapAP, has announced the completion of the first stage of funding from angel investors as it continues on its way toward a planned $2 million seed investment round.

Capital 211

Capital Management Operations Security 211

Gonzobanker

APRIL 8, 2020

As the old “why our stuff is best” sales-pitch falls on deaf ears for digital-first buyers, bank and credit union leaders have slammed into overdrive in their efforts to respond to the industry’s non-negotiable demand for entirely digital delivery. Granted, some of this difference has to do with big banks having more products.

Leadership 173

Leadership Analytics System Digital Banking 173

Insights on Business

MARCH 6, 2019

2] How do you do better predictions, how do you automate things you don’t want to do, how do you optimize your business? Digitally reinventing themselves, financial services firms are leveraging AI to achieve superior customer experiences, create new revenue streams and lower costs. Digital humans by UBS and U Bank [6].

Customer Experience 195

Customer Experience System Management Digital Strategies 195

PYMNTS

APRIL 15, 2019

Coverage includes the tie-up of Rapyd and OCBC Bank for real-time payments for shoppers in Singapore as well as online retailers. FinTech provider Rapyd is teaming up with OCBC Bank to provide Singapore shoppers as well as eCommerce retailers with real-time bank payments, Rapyd said in an announcement.

Mobile 108

Mobile Online Retail System 108

PYMNTS

OCTOBER 14, 2019

China Construction Bank ’s vice president has revealed that the bank has added new abilities to its trade finance blockchain platform, including cross-chain and inter-bank transactions. billion transactions between exporters, banks and non-bank financial institutions.

Taxes 109

Taxes blockchain Bitcoin social media 109

PYMNTS

SEPTEMBER 20, 2019

Startups, Instant Payments Could Put $280B in Global Payments Revenue at Risk for Banks. Financial institutions currently control the international payments sector — anticipated to reach $2 trillion globally by 2025 — but startups will continue to crowd the market, taking 15 percent of banks’ revenues.

Fraud 108

Fraud Payments Bitcoin Lending 108

PYMNTS

SEPTEMBER 10, 2019

Revenue is up $448 million, slightly more than last year’s $423 million. Paytm has raised over $2 billion from SoftBank, Alibaba and Berkshire Hathaway and is still the largest mobile wallet app provider in India. We will invest Rs 20,000 crore ($2.7 billion) in the next two years towards achieving this,” a company spokesperson said.

Google 139

Google Payments National Mobile 139