Bank Innovation

JUNE 9, 2017

The Office of the Comptroller of the Currency published an FAQ section on its website this week, in order to clarify several points from its “Third-Party Relationships: Risk Management Guidance” issued in 2013. As expected, the questions also addressed bank-fintech partnerships. Most notably, the OCC […].

Fintech 319

Fintech Risk Management Management Operations 319

PYMNTS

FEBRUARY 1, 2017

Coin, which was founded as a mobile payment company initially in late 2013, has seen its fair share of ups and downs over the years. The inevitable end of the mobile payment company acquired by Fitbit last May is finally here.

Cards 100

Cards Operations Mobile Security 100

PYMNTS

DECEMBER 21, 2020

Founded in 2013 in Salt Lake City, Utah, Acima operates in over 15,000 retail partner locations and eCommerce platforms. The deal is $1.273 billion in cash and approximately 10.8 million shares of Rent-A-Center common stock currently valued at $377 million. The transaction is expected to close in the first half of 2021. .

Utah 263

Utah Retail Taxes US 263

PYMNTS

JANUARY 18, 2021

DN Capital was one of the early backers of Auto1, investing in the company in 2013, just a year after the company founded, Bloomberg noted. We intend to invest significantly over the next years to further strengthen our Autohero brand and operations to deliver the best experience to our customers,” the release said.

Capital 234

Capital Groups Branding Online 234

Bank Innovation

MARCH 1, 2019

This is up from 35% in 2017, and way up from 18% in 2013, according to Financial Technology Partners’ 2018 Annual Fintech Almanac. Strategic participation in fintech climbed in 2018, with 41% of all fintech financings containing either a corporate VC or strategic investor.

Fintech 170

Fintech Financial Technology Technology Operations 170

PYMNTS

JANUARY 24, 2020

In a move that’s been in the works since 2012, the city of Vancouver has approved Uber and Lyft to operate in the city, according to reports. . 23), the city finally acquiesced and both Uber and Lyft are now allowed to operate in the city. . “We The applications for Uber to operate were opened in September of last year. .

Metro 130

Metro Operations Regional America 130

PYMNTS

MARCH 22, 2017

In Sears’ latest annual report for the past fiscal year, it issued a statement saying, “Our historical operating results indicate substantial doubt exists related to the company’s ability to continue as a going concern.”. billion | Losses since 2013. 44 percent | Percentage decline in revenue since 2013.

Data 101

Data Operations Report Retail 101

Abrigo

MARCH 9, 2015

Net income was up almost 28% over the fourth quarter of 2013 led by higher net operating revenue and lower loan loss provisions. percent from 2013. Net interest income accounts for almost 80 percent of net operating revenue at community banks. percent of community banks were unprofitable during the quarter.

Community Bank 150

Community Bank Community FDIC Industry 150

Abrigo

MARCH 9, 2015

Net income was up almost 28% over the fourth quarter of 2013 led by higher net operating revenue and lower loan loss provisions. percent from 2013. Net interest income accounts for almost 80 percent of net operating revenue at community banks. percent of community banks were unprofitable during the quarter.

Community Bank 150

Community Bank Community FDIC Industry 150

CFPB Monitor

JANUARY 30, 2017

the company (and its CEO) sued by the CFPB in 2013 for allegedly charging advance fees for debt relief services in violation of the TSR and engaging in deceptive acts and practices in violation of the CFPA. The company then shut down its operations and a trustee appointed by the bankruptcy court took control of the company’s assets.

Operations 60

Operations California Company Marketing 60

PYMNTS

NOVEMBER 25, 2019

German bank N26 is partnering with financial software firm Eurobase International for its treasury management operations, BobsGuide reported on Monday (Nov. Headquartered in Berlin, N26 will use the Eurobase Siena platform to support its treasury management operations throughout most of the Eurozone, U.K., Switzerland and the U.S.

Management 142

Management User Experience Software Operations 142

PYMNTS

JANUARY 9, 2019

8) that his office, as well as 42 other state attorney generals, have settled with Neiman Marcus over a 2013 breach of customer payment card data at 77 of the retailer’s stores. million settlement, the department store operator has agreed to take steps to prevent another breach from happening in the future.

Maryland 158

Maryland Cards Payments Data 158

PYMNTS

APRIL 26, 2020

Digits was created by the team responsible for building Crashlytics, which was sold to Twitter in 2013. It should learn in real time as the business evolves, and it should empower business owners and operators everywhere, without requiring any prior financial training.”.

Management 151

Management Training Google Operations 151

PYMNTS

MAY 18, 2020

Although Robinhood said on Twitter that the service is operational (the tweet has since been removed), some of the platform’s 10 million users countered that they were still having issues. Based in Silicon Valley, Robinhood was founded in 2013 by Stanford University classmates Baiju Bhatt and Vlad Tenev.

social media 185

social media Tools Report Marketing 185

PYMNTS

MARCH 25, 2020

Dan is a highly regarded leader and accomplished executive with operational expertise and over two decades of deep experience in the FinTech space. He is also an innovator who has spearheaded, built and operated two publicly-traded payments companies,” said Jacobs. 31, 2019 showed an increase in total operating revenues of $249.3

Fintech 139

Fintech Operations Innovation Company 139

PYMNTS

DECEMBER 17, 2020

N26 , a German FinTech, is looking to do at least one more funding round before going public in 2023 at the earliest, and eyeing breaking even on an operating level in 2021, Reuters reported.

Fintech 183

Fintech Meeting Report Capital 183

PYMNTS

OCTOBER 5, 2020

Lalamove has been operating since 2013 and has 22 markets in Asia, Latin America and North America. There is no revenue share model, so restaurants are able to boost their operations through adding delivery services for customers, avoiding paying commissions usually seen in specialized delivery programs, the release stated.

Dallas 131

Dallas Fort Worth America Training 131

PYMNTS

SEPTEMBER 13, 2019

By being able to operate as a bank, we have the tools to take the next step and drive true positive change for the users.”. There is a number of cloud-operated FinTechs offering the same services as Northmill. N26, which started in 2013, has a valuation of €2.38 It will be competing with N26 in Germany, Revolut in the U.K.

cryptocurrency 156

cryptocurrency Fintech Innovation Operations 156

PYMNTS

MAY 19, 2019

Carrefour opened its first supermarket in Beijing in 1995, and now operates stores in more than 70 cities in the country. As a result, Carrefour revealed plans last year to expand its eCommerce operations. billion USD) in eCommerce by 2022 — six times Carrefour’s current investment in its web operations. billion euros ($3.4

Retail 134

Retail Operations Online Report 134

PYMNTS

AUGUST 13, 2020

Wirecard reportedly provided multimillion-dollar loans to Bauer to operate his two businesses in the Philippines, PayEasy Solutions, an online payment company, and Froehlich Tours, a bus and coach rental company. He was part of an ongoing probe by the National Bureau of Investigation and the Anti-Money Laundering Council. .

Report 157

Report Operations Online Fraud 157

Chris Skinner

FEBRUARY 20, 2017

There’s a line in the 2013 film Her, it’s not just an operating system, it’s a consciousness. Theodore is a lonely writer who gets to trial a new operating system OS1, the world’s first artificially intelligent operating system. The film is about Theodore, played by Joaquin Phoenix.

Phoenix 251

Phoenix System Operations Examples 251

PYMNTS

JULY 22, 2019

Once the transaction closes, Reverb will continue to operate as a standalone business. Vibrant two-sided marketplaces are lightning in a bottle — there are only a handful of them operating at scale — and Reverb is one,” said Etsy CEO Josh Silverman in a press release. We’ve always found inspiration in Etsy.

Marketing 109

Marketing Community Chicago Operations 109

PYMNTS

MARCH 3, 2020

There are said to be 42 makers responsible for the machines, and the world was introduced to the concept of a bitcoin ATM in 2013. Miami International Airport received a bitcoin ATM in the second half of last year, while another bitcoin ATM firm collaborated with a mall operator in the U.S. in the fall of 2019.

ATM 168

ATM Bitcoin National Miami 168

PYMNTS

JANUARY 24, 2020

Founded in 2013, N26 has raised a total of $683 million in financing. In 2019, N26 began operating in the United States. Stalf would not divulge financials or share market demographics, but noted growth at N26 was strongest in Germany, France and Austria, with Italy and Spain poised to show similar expansion. Nicolas Kopp, the U.S.

United States 193

United States Examples Marketing Fintech 193

PYMNTS

MARCH 18, 2019

A new study by the Organisation for Economic Co-operation and Development (OECD) shows that trading in pirated and counterfeit goods has risen significantly, according to a report in the Financial Times. The value of fake and counterfeit products went from $461 billion in 2013 to $509 billion in 2016. percent in 2013.

Report 124

Report Innovation Study Security 124

PYMNTS

JANUARY 13, 2020

Plaid, which was launched in 2013, is attractive to Visa because it has the technology to get access to a customer’s bank account data, collect it and aggregate it for financial services providers to use. Visa has signed a deal to purchase FinTech firm Plaid for $5.3 billion, according to a report.

United States 143

United States Fintech Cards Operations 143

PYMNTS

SEPTEMBER 16, 2020

The FTC doesn't always move forward with antitrust cases that it is investigating, as in the case of the 2013 investigation into Google. But if the company ended up losing an antitrust case, the FTC could restrict how the company operates or break off pieces of its business, according to WSJ.

social media 163

social media Google Company Report 163

PYMNTS

DECEMBER 16, 2019

The bank is expected to start operating during the first six months of 2021 after it gets the final nod for a license. Viva Republic, which was founded in 2013, first launched Toss as a peer-to-peer (P2P) money transfer service, Deal Street Asia reported. Since its launch in 2015, Toss has become the only FinTech unicorn in Korea.

Fintech 131

Fintech Online Digital Banking System 131

PYMNTS

JULY 22, 2019

Once the transaction closes, Reverb will continue to operate as a standalone business. Vibrant two-sided marketplaces are lightning in a bottle — there are only a handful of them operating at scale — and Reverb is one,” said Etsy CEO Josh Silverman in a press release. We’ve always found inspiration in Etsy.

Community 100

Community Chicago Operations Retail 100

PYMNTS

JUNE 25, 2020

Long reportedly operated a third-party payment processing company, V Internet Corp, which worked to create and deposit remotely-created checks (RCCs), which Long maneuvered to have his name on, saying the checks were authorized by the account holder rather than the payee. This lasted for six months during that year, the press release says.

Fraud 167

Fraud Las Vegas Company Texas 167

PYMNTS

MARCH 26, 2020

Jeffrey Zack, a spokesperson for the company, said there was “no evidence” that the breach had hit the company’s own network, adding that it was “fully operational.” The company said it was looking into a “security incident” that involved unauthorized access with a third-party company. Zack did not say anything beyond that.

Security 171

Security Data Training Groups 171

PYMNTS

FEBRUARY 18, 2019

billion in payouts, Allianz found in its Global Claims Review report that fire and explosions were the biggest causes of loss between 2013 and 2018. Overall, he said, organizations have to take a holistic view of their operations and the risks they face.

Study 191

Study Industry Operations Innovation 191

PYMNTS

OCTOBER 2, 2019

He is accused of setting up and operating Darkode, a black marketplace that operated between 2008 and 2013, as well as creating and deploying Mariposa, one of the largest botnets. Hard Fork reported that Matjaz Skorjanc, the co-founder of NiceHash, was reportedly taken into custody on Monday (Sept.

blockchain 145

blockchain Security Bitcoin United States 145

PYMNTS

FEBRUARY 20, 2020

Steve Chen, the mastermind behind a $147 million gemcoin fraud from 2013 to 2015, pleaded guilty of his crimes of tax evasion and conspiracy to commit wire fraud, reported on Wednesday (Feb. As part of his plea agreement, Chen admitted to operating the U.S.

Bitcoin 130

Bitcoin Fraud cryptocurrency California 130

PYMNTS

APRIL 29, 2020

startup was launched in 2013 and operates in 13 markets globally, with the biggest presence in Europe, the Middle East and Asia. . Delivery riders across the U.K. told CNBC that the pandemic has decimated the demand for takeout.

Marketing 205

Marketing Operations How To Company 205

PYMNTS

SEPTEMBER 4, 2019

North America’s biggest food delivery service was launched in 2013 and operates in more than 4,000 U.S. DoorDash also teamed up with restaurant management app Revention in August to help restaurateurs streamline delivery operations. cities as well as in Canada. billion in February.

San Francisco 116

San Francisco America Regional Operations 116

PYMNTS

APRIL 1, 2019

It has grown at a rapid pace since launching in 2013, and is now the sixth largest hotel operator in the world. The acquisition puts Airbnb in direct competition with online travel website operators such as Expedia, Priceline and Travelocity. OYO has a presence in China, the Philippines, Indonesia and the U.K.

Operations 122

Operations Report Marketing Online 122