Visa reports 11 percent volume growth, Stripe hits $22B in market value, PayPal misses Q4

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January 31, 2019

Visa Earnings

Visa Beats Street On 11 Pct Payments Volume Growth

Factors such as the government shutdown, Brexit and a trade war all weighed slightly on Visa’s fiscal first quarter, but the company still managed to put up numbers that showed debit transactions were up double digits. Meanwhile, management noted that eCommerce growth remains robust, and B2B remains a key strategic focus moving forward.

 

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PayPal Earnings

PayPal’s Hit And Miss For Q4

PayPal announced four consecutive quarters of earnings beats in 2018 — but its first revenue miss in three years, coupled with a disappointing Q1 outlook, sent its stock tumbling after hours. CEO Dan Schulman highlights the growth in active users and total P2P payments volume that handily topped that of Zelle’s. Here’s the breakdown.

 

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Podcast: Artificial Intelligence

Databases Don’t Store Intelligence — Getting Past AI Misconceptions

Financial institutions (FIs) are taking a closer look at artificial intelligence (AI), but the road to true AI is paved with misconceptions about what it takes to get it. In a new PYMNTS podcast, Karen Webster talks with Brighterion CEO Akli Adjaoute about the four areas where FIs need a knowledge reset.

 

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Digital Banking Tracker™

Why Banks’ Immune Systems Need Both AI And Human Boosts

What good is an AI-powered insight if core banking systems do not know how to act on it in real time? In the new Digital Banking Tracker, Jeremy Balkin, HSBC’s head of innovation, explains how a combination of AI and human insights can boost a bank’s “internal immune system.”

 

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