| Nov 2 Global payments newsletter: Top 25 US e-commerce leaders, 14% of US adults own cryptocurrency, cashless business pros and cons, ATM fraud, payments-by-face in Canada, more…
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| We’ve got payments news from around the globe to keep you informed about the latest industry developments. A new Jumpshot report highlights the top 25 US e-commerce leaders, who’s hot and who’s not. According to Findr.com, 14% of US adults now own cryptocurrency, up 81% over last year. Can you spell FOMO? Our guest post from Meredith Wood at Fundera takes a look at the pros and cons of cashless business.
Our news roundup below is loaded with payments industry business intelligence from around the world. We cover pay-by-face in Canada, ATM cash-out fraud, 61% of small business now using mobile banking apps, fintech Zelle’s 58% rise in Q3 payments processing volume, Apple credit card growth, huge payments provider losses in India and much more. That’s all we know, and now so do you. Enjoy your weekend!
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| US e-commerce top 25: Who’s hot, who’s not, and why?
Online consumer research company Jumpshot is out with a new research report that provides helpful insight into the top 25 US e-commerce sites and what direction these leaders are headed – both up and down. In its analysis of more than 1.5 billion US online transactions in the first nine months of 2019, Jumpshot’s analysis shows Amazon leading, eBay faltering, and Walmart, Target and Etsy delivering strong sales results. Read more… |
| Cryptocurrency now on the radar of 14% of US investors
With the value of bitcoin rising this year, cryptocurrency is back on the radar of US investors and consumers, even if the whipsaw in market values is likely to give some a migraine. New research from Finder.com shows just how far cryptocurrency has come as it reports the number of Americans who own a cryptocurrency has almost doubled from 7.95% in 2018 to 14.4% in 2019, an increase of 81% in one year. Read more… |
| | The pros and cons of cashless businesses
This cashless trend should not come as too much of a surprise. The number of non-cash payments in America reached 120 billion last year, according to the Federal Reserve, and the number of people who still carry paper in their wallets continues to plummet. A Capital One study found that only about one in four Americans carries cash, and almost 75% of transactions are cashless. Read more... |
| Nov 1 global payments news roundup
The news roundup is a full house starting in Canada where SnapPay will introduce pay-by-face payments despite some pushback. “Jackpotting” or ATM cash-out fraud is growing according to Visa and one Indian bank lost $13.4 billion. JD Power research shows 61% of small business are now using their banks’ mobile apps. Zelle’s Q3 payment processing volume grew 58% to $49 billion on the heels of 196 million transactions (+78%). After the most successful US credit card launch in history, Apple is promoting iPhones to its new card users. The top payments companies in India lost more than $1 billion in 2018 in the high-stakes, competitive payments market. Finally, UK consumers are increasingly cashless thanks to rapid adoption of contactless cards. Read more… |
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