In the late 1800’s and early 1900’s — the era when radio was getting off the ground, television was still mostly a theoretical possibility and the notion of laptops, smartphone or the internet were outlandish science fiction — Americans on the hunt for entertainment would visit the traveling carnival when it came to town.
Anyone who has ever been to a state fair is familiar with the highlights – rides of questionable safety, rigged games and extremely high calorie (but delicious) junk food. But one element that has dropped out more or less of the modern version of going to the fair is the 5- in -1.
The 5-in-1 was the part of the carnival for the value conscious shopper with something of a mean streak – the place one went to see all the “wonders of the world.” Strong men, one-trick ponies, acrobatic Siamese twins, snake charmers, the bearded lady – you get the drift.
The world moved on thanks to the emergence of radio and TV, movies, cable and Netflix.
But we at PYMNTS can’t help but miss the one stop shop for all the best you can get at the carnival. Since we don’t have rides, cotton-candy or popcorn to offer (yet), we instead are humbly bringing back the 5-in-1: your daily data one-stop-shop for the five most important payments stats of the day.
Think of it as your data carnival without the creepy side shows.
What’s in the hopper today?
1.5 billion: The dollar value of securitizations backed by online marketplace loans in Q1 2016. That’s down 21 percent in 3 months.
2.3 billion: The number of dollars the FBI estimates fraudsters have stolen since 2013 with email scams.
646: The number of merchants (out of 650 representing 70 percent of eCommerce volume) that flunked the Checkout Conversion Test.
400 + 48: The number of dollars + hours a budding entrepreneur needs to start the next “Uber for X.”
60: The number of hours per year merchants spend physically writing out checks.
We’re always on the lookout for opportunities to partner with innovators and disruptors.
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