PYMNTS

APRIL 6, 2020

But to do that, the bank may have to have its asset cap, placed there by law after a fake accounts scandal in 2018, lifted so it can do more to help, according to the Financial Times. Scharf said the bank had extended nearly $70 billion in new loan commitments last month to help clients during the pandemic.

Caps

CB Insights

MARCH 20, 2019

From e-commerce to software to payments, several companies with $1B+ valuations exited in 2018. Using CB Insights data, we identified the startups with a $1B+ valuation that exited in 2018. We’ve also covered 2018’s 14 European unicorns , 37 Chinese unicorns , and 55 US unicorns.). Meituan Dianping.

Online and Mobile Banking

PYMNTS

JUNE 10, 2020

Last week, Apple inched closer to the all-time high market cap when its stock sold at $326 a share. In 2018 , Ives, a software and technology analyst at Wedbush Securities in Los Angeles, said Apple was on its way to set a U.S. On Wednesday (June 10), Apple stock climbed 2 percent to $352 a share, making the tech giant the first U.S.

Caps

CB Insights

FEBRUARY 26, 2019

More US startup unicorns were born in Q4’18 than in any other financial quarter in history, capping off the best year on record for unicorn births in the United States. In 2018, 53 new companies hit a $1B+ unicorn valuation, up 83% from 2017 figures and 26% higher than the previous record in 2015. years — down from 7.8

Caps

PYMNTS

OCTOBER 30, 2018

An MKM analyst said in a research note to clients that AWS may be worth $1 trillion in six years – that would be larger than Amazon’s market cap, which currently stands at $929 billion. Now, though, discussions about Amazon and its market cap are — for the time being, at least — a more subdued affair. Amazon reported $56.6

Caps

CB Insights

MARCH 13, 2019

From gaming to healthcare to pizza delivery, US-based startups which reached unicorn status in 2018 represent a diverse range of industries. Silicon Valley produced plenty of $1B+ companies in 2018, but other parts of the country also had a strong showing. Check out our real-time Unicorn Tracker for a full list of $1B+ companies).

Online and Mobile Banking

PYMNTS

JANUARY 18, 2019

As reported by Bloomberg , a selloff was sparked on Friday among small cap stocks that belong to FinTechs. For short sellers – those who bet that stocks will fall rather than rise – amid Chinese FinTechs , this week has led to big gains. There are always company-specific considerations at hand when investors bet on or against a stock.

Caps

PYMNTS

NOVEMBER 13, 2018

Selling more things is only part of Brooklinen’s expansion in late 2018. The collection also includes baby blankets, baby quilts, baby swaddle sets and a stuffed llama named Lulu , the mascot for the entire collection. The firm will also be operating a pop-up shop for the next four months in New York City.

Caps

PYMNTS

AUGUST 16, 2019

The sources pointed out that about one-third of its employees left in 2018. According to a report in The Wall Street Journal , sources said that employees sent a warning to Capital One about high turnover in its cybersecurity unit as well as the failure to install some software to help spot and defend against hacks.

Caps

FICO

APRIL 4, 2018

FICO is proud to have Garry Kasparov as our closing keynote speaker at FICO World 2018 , April 16-19 in Miami Beach. He caps a program with more than 70 sessions on AI, analytics, machine learning, cybersecurity, fraud detection and risk management. To hear part of Kasparov's amazing story, watch his TED Talk from last year: [link].

AI

PYMNTS

DECEMBER 26, 2018

Eight credit unions closed in 2018, and they affected an estimated 14,000 people with a collective £25 million in savings. Credit unions cap rates at 3 percent a month. Largely hailed as safe alternatives to payday loan firms, credit unions in the U.K. Even some of the more successful CUs have had to curtail lending.

Credit Union

PYMNTS

OCTOBER 14, 2019

The law imposes a 31 percent cap on cruising time for most vehicles before 11 p.m. Lyft says the mandate is based on old, inaccurate TLC data and doesn’t hold taxis to any caps. . The law was first passed by New York City in August 2018, limiting the number of ride-hailing cars that could be on the street at once.

Caps

PYMNTS

JULY 18, 2018

Amazon flirted with the $900 billion market cap club Wednesday (July 18) after completing a successful Prime Day shopping event. ” The strong showing out of Amazon for Prime Day 2018 lifted its stock earlier in the trading session, surpassing the $900 billion market cap for a brief time. percent.

Caps

PYMNTS

AUGUST 6, 2018

public market’s first $1 trillion market cap two decades after it stood on the brink of bankruptcy was a pretty good twist as far as endings go. Data: $1 Trillion: Apple’s market cap. 28 Billion: The number of mPOS transactions forecast for 2018. Not all twist endings are good in payments and commerce, however.

Caps

PYMNTS

APRIL 8, 2020

Among other top banks, Wells Fargo won its battle to lift the cap on its balance sheet (placed there in the wake of the fake account scandal from 2018), so it has resumed PPP operations as of Wednesday (April 8). The loans will be forgiven for those who can prove they used the money to pay their employees during the shutdown.

Shutdown

PYMNTS

SEPTEMBER 4, 2018

4), Amazon’s stock hit $2,050.50, surpassing $1 trillion in market cap. While Amazon makes most of its money on the eCommerce side of things, its other category — which consists of selling ads such as banner and display ads — grew around 130 percent in the first three months of 2018, compared with the first quarter of last year.

Caps

PYMNTS

DECEMBER 19, 2018

With the launch of Ingo Money QuickConnect last week , the company capped off a year that CEO Drew Edwards told Karen Webster could best be characterized as the “Great Awakening” of push payments. We’ve finally moved beyond ‘so what is a push payment?’ to ‘how do I deliver real-time payments or fast funds to my customers?’” Edwards explained.

Push-to-Card

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.

Push-to-Card

PYMNTS

JANUARY 17, 2020

Alphabet Market Cap Hits $1T. billion in 2018 and makes up 60 percent of all attempted fraud against U.S. Google’s parent company, Alphabet, reached $1 trillion market value, joining Apple, Amazon and Microsoft in hitting the milestone. Facebook could be the next $1 trillion tech giant. Attempted Check Fraud Spiked 43 Pct.

Caps

PYMNTS

JULY 2, 2018

At the start of 2018, Bloomberg said Apple’s stock market value was 50 percent larger than Amazon’s, but now the gap is closer to 10 percent. As of stock market close on Friday (June 29), the spread between the two companies’ market caps sat around $85 billion. At the same time, however, Amazon has been gaining steam.

Caps

PYMNTS

DECEMBER 12, 2018

The growth was partly driven by new regulations; India was helped along by the government placing caps on terminal charges and also pressuring banks to recruit more merchants. In the European Union, interchange fees were capped in 2015, and in Brazil, caps were announced in March of 2018.

Caps

PYMNTS

JANUARY 4, 2018

Walmart has made a concerted effort in this regard — but as the largest physical retailer on Earth (in terms of sales and size, but not market cap), they may have the most options in this regard. It will be interesting to see how that spreads in 2018. Early traction from Walmart seems a clear indication of this.

Push-to-Card

PYMNTS

SEPTEMBER 30, 2018

But with the market cap of Ethereum only slightly below that of Ripple — combined with the weak volume of XRP — it is likely that Ethereum will regain its position as the second-most valuable cryptocurrency soon. Ripple (XRP) has overtaken Ethereum within the last 24 hours, with a 7 percent surge in price for a market valuation of $24.28

Blockchain

PYMNTS

JANUARY 24, 2020

Federal Reserve placed a consent order on the bank in the form of an asset cap, putting a growth restriction on the bank until it shows that its processes have been completely overhauled. The asset cap was announced in 2018, and there’s no timeline in place for when it will be removed.

Continuity

PYMNTS

NOVEMBER 15, 2018

New data shows a projected 14 percent increase in fraud attempts during the upcoming 2018 holiday season, with fraud likely to peak on Thanksgiving Day. At the same time that bitcoin’s market cap was falling, rival digital currencies Ripple XRP and Ether were battling it out for the second-place spot in terms of digital currencies.

Digital Currency

PYMNTS

NOVEMBER 30, 2020

Slack’s current market cap is around $24 billion, the report said. 3 billion, and MuleSoft in 2018 for $6.5 Market watchers are expecting Salesforce to announce a deal to buy business communication platform Slack after market close on Tuesday (Dec. 1), according to CNBC. Shares of Slack were up 4 percent in midday trading Monday (Nov.

Caps

FloQast

MARCH 29, 2024

On March 29, 2018, Scott Foster, then a senior financial accountant from suburban Chicago, found himself achieving a childhood dream in perhaps the most unlikely way possible. in the Spring of 2018, Scott Foster was about to become the most famous accountant in the universe. And then, I think you just kind of blacked out after that.”

Accounts

PYMNTS

MARCH 11, 2020

A California statue caps interest to an annual rate of 37 percent a year but out-of-state banks have figured out how to sidestep the law and use rates allowable where they are headquartered. Utah has no caps on interest rates. “A ” An uprush in predatory lending has prompted more states to institute interest rate caps.

Regulations

PYMNTS

JANUARY 15, 2019

Federal Reserve asset cap on Wells Fargo will last all year instead of through the first half, said the bank’s CEO Tim Sloan on Tuesday (Jan. 15), as the financial institution (FI) disclosed its Q4 2018 earnings. The bank, trying to restore trust among consumers and commercial clients, said full-year 2018 revenue decreased about 2.3

Credit Cards

CB Insights

JULY 26, 2018

Trends Shaping the face of BEAUTY in 2018. P&G, with a market cap of approximately $199B, recently acquired skincare and cosmetics brand First Aid Beauty in a signal of how the industry is shifting. Learn about the top trends in beauty, from high-momentum startups to technologies impacting in-store experiences, and more.

Caps

PYMNTS

NOVEMBER 11, 2020

The combined losses of the five tech heavyweights since their Monday’s close has contributed to more than $280 billion being wiped off in terms of market cap at the close of the trading day in Hong Kong,” according to CNBC’s calculations. It is also lower than Ant Group’s valuation in a 2018 funding round of $14 billion.

NOV

PYMNTS

DECEMBER 16, 2016

Possibly even a couple of other continents by 2018. The total market cap of all outstanding bitcoin right now is over $12.5 It’ll be interesting to see what happens when that market cap doubles again next year.”. On the radar for 2017 are new Coinsource ATMs in Maryland, Massachusetts, D.C. and Minneapolis. “By

Bitcoin

PYMNTS

MARCH 4, 2020

Bank had in place erroneously capped the number of alerts, which hindered law enforcement’s ability to spot suspicious activity. LaFontaine was warned by his subordinates and by regulators that capping the number of alerts was dangerous and ill-advised. The capped alerts were in place for at least five years.

AML

PYMNTS

JANUARY 16, 2020

Apple and Amazon hit the trillion-dollar mark in the summer of 2018. Apple was the first tech giant to see its market cap top $1 trillion. Amazon hit the $1 trillion mark in September 2018, but never went beyond it and has since dropped below. per share — a market cap of $964 billion. percent, reaching $1,397.81

Caps

PYMNTS

NOVEMBER 5, 2020

The decision marks a milestone for WhatsApp, which first rolled out a test run of its new Indian payments service in 2018, with an initial user base of 1 million. WhatsApp will now be able to sign up to 20 million users for its payments service, though it is also required to work with a number of banks. Starting Jan.

Caps

PYMNTS

MARCH 11, 2019

In the wake of a slew of European money laundering scandals, deposits in the euro zone region from foreign countries dropped significantly in the latter half of 2018. The former Latvian government set a cap on foreign deposits after the collapse of ABLV, at 5 percent.

Money Laundering

PYMNTS

APRIL 7, 2020

Together with Visa we have been able to compose a very attractive offering which will benefit all Irish businesses whether they are an SME or a multinational Large Cap.”. trillion in spending for goods and services in 2018. In 2018, commercial card spending was $1.39 Billhop has already rolled out in Britain and Sweden.

Commercial Card