Remove Cards Remove Marketing Remove Regional Remove Taxes
article thumbnail

Square: Card Not Present Transactions, Square Card Spend See Gains In Q3

PYMNTS

Square posted third-quarter results that showed continued tailwinds in card not present transactions, a continued shift to larger seller contributions to gross payment volumes (GPV) and increasing embrace of Cash App. Square Card And Card Not Present . Square Card And Card Not Present . stimulus funds.”.

Cards 158
article thumbnail

Guest Post: Financial Markets and Economic Update - First Quarter 2024

Jeff For Banks

In the markets, we watched helplessly as real GDP plummeted -5% in 1Q20 and -31% in 2Q20 before rebounding by +33% in 3Q20. I’ve previously theorized that China would try to reclaim its global market share lost during the pandemic by flooding the markets with cheaper goods. This development could give us good news on inflation.

Marketing 145
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Visa On Tap To Pay, Cash Displacement And B2B Payments

PYMNTS

Visa President Ryan McInerney said that beyond the core card business there remains the opportunity to “capture new flows of money using our expanding network of networks.” McInerney also pointed to government to consumer (G2C), which is a “more nascent” market, with presence in government benefits and tax refunds.

Payments 163
article thumbnail

Lending Is Failing To Live Up To 2018’s Great Expectations

PYMNTS

regional bank executives were gearing up for a bumper year, according to Bloomberg. Crediting lower taxes, thanks to the end of the year tax reform bill passed by Congress, regional bank executives saw a sudden and notable pick up in both commercial loan demand and a big jump in spending on credit and debit cards.

Lending 100
article thumbnail

Revolut Taps JPMC To Raise $1.5B For Global Expansion

PYMNTS

Late last month the company announced it was expanding its partnership with Visa to include five new regions in 24 markets including Canada, Japan, Singapore and the U.S. bringing Revolut’s total global footprint to 56 markets. banking licence. But despite its growth, the company has not turned a profit.

Taxes 163
article thumbnail

Mastercard Tops 20174Q Views on Robust Cross-Border Transactions

PYMNTS

tax laws had on other firms recently reporting results, Mastercard put up numbers Thursday (Feb. Excluding the aforementioned tax impact, earnings per share came in at $1.14, two pennies better than Wall Street expectations. billion Mastercard and Maestro-branded cards issued globally as of year-end. Absent the same impact U.S.

Taxes 100
article thumbnail

Virtual cash management: A catalyst for new business models for European transaction banks

Accenture

European banks are in the midst of a ‘perfect storm’ of negative interest rates, regulatory pressures and market disruption, and are in search of new sources of value. The solution of choice for each bank must be qualified based on the specific characteristics of its client segments and local market considerations.