CFPB Monitor

SEPTEMBER 22, 2022

Expressing a range of concerns, several key industry groups submitted comments to the Federal Trade Commission (“FTC”) last week regarding its proposed rule that would impose new substantive and disclosure obligations on auto-dealers in the auto finance process.

Regulation 148

Regulation Groups Customer Experience Retail 148

PYMNTS

OCTOBER 17, 2017

The business advisory firm FTI Consulting has forecasted that online retail sales in the United States will top $1 trillion by 2027 , CNBC reports. As of 2017, online retail sales account for 12 percent of total retail transactions in the United States, but 50 percent of retail sales growth over the span of the previous year.

Retail 114

Retail Online United States US 114

PYMNTS

NOVEMBER 23, 2017

New York Venture Bank, a new financial institution (FI) created by big names in the financial services industry, has applied for a national bank charter. Carpenter currently serves as chairman of Pacific Mercantile Bancorp and as a consultant to the group through his Carpenter & Co. According to a Wednesday (Nov.

New York 100

New York National FDIC Lending 100

PYMNTS

JANUARY 7, 2021

In today’s top payments news around the world, China’s Ant Group is mulling the creation of a new consumer loan unit, while the British financial watchdog Financial Conduct Authority (FCA) warned that the pandemic could flatline financial services companies. Ant Plans Credit Unit Overhaul to Avoid Sharp Drop in Loans.

Survey 172

Survey Payments Groups Data 172

PYMNTS

AUGUST 21, 2020

The companies are testing the service in four California and Oklahoma markets, with an eye toward a national launch in 2021. Our customers are increasingly turning to our eCommerce solutions provided at Kroger.com for their grocery and household essential needs,” Kroger group vice president of product experience Jody Kalmbach said.

Online 160

Online Seattle NV Oklahoma 160

Perficient

FEBRUARY 10, 2021

While the Centers for Disease Control and Prevention(CDC ) recommends healthcare consumers over 65 get vaccinated, few communications have targeted these groups or provided understanding and navigation to how to access the vaccine in their community. Make scheduling COVID-19 vaccination appointments an easier experience online and offline.

New York City 484

New York City social media Community System 484

PYMNTS

JANUARY 1, 2021

Starting with some of the most recent changes — and a sign of what’s to come — earlier in the month, the European Commission offered up its initial draft of the Digital Services Act and the Digital Markets Act. As reported in this space , the DSA and DMA cover online marketplaces, social media and other platforms.

Regulation 352

Regulation social media Course Apple 352

PYMNTS

MARCH 7, 2017

A new study from the NPD Group revealed how changing consumer needs and the evolving retail marketplace contributed to increased online apparel sales in the U.S. The growth of online shopping was boosted during and immediately after the holiday shopping season, which the report identified as one of the biggest retail shifts in 2016.

Online 101

Online Retail Millennials Groups 101

PYMNTS

NOVEMBER 3, 2020

Hong Kong-based digital payment platform Statrys has recently landed $5 million in funding through a closed-door funding deal with an angel investor with the expectation that the firm will get market share in the expanding remittance and digital payment arena, according to an announcement.

Payments 263

Payments Resources Lending Online 263

PYMNTS

NOVEMBER 13, 2020

13), Beijing’s proposed new laws had a negative effect on the market value of the country’s tech leaders like Tencent and Alibaba , dropping some $290 million in two days. 12) earnings call, Martin Lau, Tencent president, told analysts that the proposed new laws will not overly affect its online entertainment and gaming business.

Regulation 227

Regulation social media Video Groups 227

PYMNTS

SEPTEMBER 22, 2020

Plus, digital payment provider Ant Group is looking for a record return as it goes public. JD won’t be the only online shopping company to work with the PBoC to bring cryptocurrency to the country. Ant Group Investors Drive IPO To $35B. JD.com Joins China’s Central Bank To Advance Digital Currency. 18) and Saturday (Sept.

cryptocurrency 200

cryptocurrency social media Payments Groups 200

PYMNTS

APRIL 24, 2017

Kicking off this week’s grocery tracker, Whole Foods Market (WFM) shares hit their highest level seen since the summer of 2015 as activist investor Jana Partners puts the squeeze on innovation and pressures the organic grocer towards a possible sale. percent from Thursday’s close with a market cap of just over $11.6

National 108

National Retail Branding Course 108

PYMNTS

JULY 26, 2020

Since its debut four years ago, India’s Unified Payments Interface (UPI), the instant payment system developed by the National Payments Corp. of India (NPCI) that facilitates inter-bank transactions, has propelled the growth of online payments, the Financial Times (FT) reported. Transaction volume of the platform soared to a record 1.34

Payments 309

Payments Mobile Analysis Google 309

PYMNTS

OCTOBER 6, 2020

To help merchants and promote Afterpay in-store payment services to individuals before the busy holiday shopping season, buy now, pay later (BNPL) firm Afterpay and Simon have announced a national collaboration. However, these purchases can be viewed as too costly in a market full of less expensive alternatives.

Millennials 200

Millennials Retail United States National 200

PYMNTS

JULY 21, 2020

In a deal expected to create the world’s largest online classifieds company, eBay Inc. has agreed to sell its ad division to Adevinta ASA, the Norwegian online marketplace, for $9.2 The combined companies will solidify 20 markets containing 1 billion people and is likely to attract 3 billion monthly visits, the companies said.

San Jose 130

San Jose Online Branding National 130

PYMNTS

FEBRUARY 19, 2019

.” Other critics have raised the issue that the OCC is advising examiners to take community group concerns into consideration separately from their M&A approval processes. making it one of the nation’s first new community banks in years. MOXY also has its sights set on the small business community, the report said.

Marketing 108

Marketing Community Community Bank Industry 108

PYMNTS

JULY 1, 2020

A group of big European banks is planning to challenge Visa ’s and Mastercard ’s positions as the world’s two largest payment processing networks, Electronic Payments International reported. . A so-called “scheme manager” will be the central governing body, the online news service reported.

System 327

System Payments Cards Groups 327

Abrigo

APRIL 20, 2015

Much like peanut butter and jelly, social media and content marketing are two things that go together in the world of forward-thinking marketers and business owners. Marketing yourself or your firm to potential new clients can happen anywhere, anytime. But they should. The site sees about 500 million tweets sent per day.

social media 150

social media Marketing Groups Leadership 150

Perficient

JULY 10, 2020

Achieving these commitments will require clinical, marketing, and operations teams partnering more closely together and in a way they never have before. The Chartis Group estimates that 10% of the patient market for elective care will disappear. The $200B question. In practice, EMRs have fallen far short of the vision.

US 522

US Marketing Automation Marketing System 522

PYMNTS

OCTOBER 10, 2019

Demand is rising for online services such as those providing cloud-based backups and storage. The cloud storage subscription market is expected to increase at a compound annual growth rate (CAGR) of 24.8 I think credit cards will be on the market for a long time.”. Serving Emerging Markets. percent from 2016 to 2022.

Marketing 116

Marketing Payments Cards cryptocurrency 116

PYMNTS

OCTOBER 16, 2019

In August, Facebook instituted changes to its advertising policies as the result of a settlement it reached with anti-discrimination groups and the federal Department of Housing and Urban Development (HUD). In regard to big national banks, or even regional banks, he said, that rule makes some sense.

social media 110

social media Online Groups Community 110

PYMNTS

APRIL 21, 2020

Thierry Breton, the European Union’s (EU) commissioner for internal market and services, said the 27-nation bloc is facing its most difficult challenge since it was founded in 1993, and stated that its nations should be a top priority for bailouts, the Associated Press reported. It could take 1.5 trillion euros (1.63

National 177

National Regional Groups Marketing 177

PYMNTS

MARCH 15, 2017

International food retail group Ahold Delhaize (AD) saw a minor upward push in the past week, though a broader view shows prices down overall compared to all-time highs in July 2016. percent from Monday’s close, but still up overall for the week with an estimated market cap over €26.1 per share with a market cap just over $26.64

Marketing 100

Marketing Trends Online Retail 100

PYMNTS

AUGUST 11, 2020

“Fraud prevention solutions need to address the most common types of insurance fraud, like bots that submit illegitimate bulk quotes to open fake policies by using consumer information” that is purchased or stolen, Jay Sarzen, senior analyst, Aite Group, said in the announcement.

Fraud 234

Fraud Industry Idaho Customer Experience 234

PYMNTS

SEPTEMBER 4, 2017

The recommerce trend is sweeping not just the nation, but perhaps the world. Chinese consumers have demonstrated interest in the recommerce field, but the category is still growing and doesn’t yet include a particularly large group of players. Smaller firms are growing quickly and making gains in the market.

Marketing 100

Marketing social media Retail Mobile 100

PYMNTS

JULY 17, 2018

The credit union (CU) market has long argued that rules intended for larger, more traditional banks have unjustly been applied to their industry, stifling their growth and pace of innovation. However, recent changes in regulations could open new doors for the credit union market to more efficiently serve its members.

Hawaii 100

Hawaii Marketing Report Texas 100

PYMNTS

MARCH 15, 2019

Some of the largest global financial institutions are taking steps further into Mexico’s small business lending and finance space, the result of heightened competitive pressure imposed by FinTechs and alternative lenders in the market, reports in the Wall Street Journal said Thursday (March 14).

Lending 189

Lending Fintech National Taxes 189

PYMNTS

NOVEMBER 13, 2019

But according to newly released data from The NPD Group, while every consumer is worth pursuing, depending on their demographic segment, some consumers may well be more lurable than others. “No Baby boomers and Gen X will lead holiday spending this year, according to the 2019 Holiday Purchase Intentions Survey from The NPD Group.

Millennials 101

Millennials Groups Retail Online 101

South State Correspondent

MAY 18, 2022

In two recent articles, we reviewed the banking industry’s deposit behavior with regard to cost of funding earning assets (COF) ( HERE ), and we compared how community banks’ COF behaves relative to national banks in a rising interest rate cycle ( HERE ). A graph for SouthState Bank appears below.

Community Bank 195

Community Bank Community Analysis Industry 195

PYMNTS

SEPTEMBER 16, 2019

According to the new PYMNTS Order To Eat Tracker , the volume of mobile app orders rocketed 130 percent from 2016 to 2018, and the overall mobile order market value is set to reach $38 billion by 2020. Postmates , for instance, is joining Caviar and DoorDash in letting diners make group orders. The projected share of U.S.

Innovation 192

Innovation Mobile Groups Indiana 192

PYMNTS

JANUARY 10, 2017

There is also the surprising reality that goods that less affluent consumers favor also tend to stay in the market longer with fewer changes over time, meaning their prices more or less trend up with inflation. Said simply, premium goods favored by wealthier shoppers go on sale more often than staple goods bought by more down-market shoppers.

Online 100

Online Chicago New York Mississippi 100

PYMNTS

JUNE 8, 2020

London-based Paysafe , a global online payments company, has announced the U.S. The firm’s money transfer service was launched in Europe two years ago to send money to more than 40 nations globally. Paysafe’s research has revealed that Americans are increasingly turning to alternative online payment methods.

US 130

US Online Cards National 130

CFPB Monitor

JULY 19, 2022

On July 13, 2022, the House Committee on Oversight and Reform, Subcommittee on National Security held a hearing entitled “Protecting Military Servicemembers and Veterans from Financial Scams and Fraud.” A recording of the hearing is available here. .

Fraud 78

Fraud National Security social media 78

PYMNTS

JANUARY 21, 2020

In today’s top news, Uber sells its India food delivery service to Zomato for a stake in the business, and JPMorgan created a $100 billion funding arm to expand investments in emerging markets. Also, Amazon leads the pack in Europe’s expanding smart home market. Amazon Unseats Google in Fast-Growing EU Smart Home Market.

Retail 130

Retail Groups Payments Innovation 130

PYMNTS

MARCH 27, 2019

“We see growth opportunities to come into a market where there is rising employment and great population growth, and where the shift into eCommerce and mobile commerce is significant,” he said. Worldpay will set its sights on the online gaming, digital content, online retail and travel industries. and Ireland are paid late.

Online 172

Online Payments Software National 172

PYMNTS

AUGUST 24, 2020

Here’s the latest news from Facebook, Amazon and others, which are coming under increasing scrutiny from regulators, trade groups and politicians the world over. The services are not currently registered as distinct entities, although they are provided to users in the nation. RILA Joins Trade Groups in Tackling Counterfeit Merchandise.

social media 152

social media Data Apple Compliance 152

PYMNTS

APRIL 14, 2020

Delivery drivers or those who pick up food orders for online platforms such as Instacart have seen demand skyrocket as consumers obeying calls for quarantining have ordered food and supplies to their homes rather than venturing to physical stores. This new perspective could also change the value placed on freelancer relationships by firms.

Regulation 285

Regulation Examples United States National 285