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The PYMNTS 5-In-1: April 21 Daily Data Digest

Another day, another opportunity to dive into the data driving the biggest news.

American Express finally got some good news, overdrafts hit millennials particularly hard, Forter had a big Series C and new parents spent a lot of money shopping online.

So what are the data tidbits everyone should know right now?

American Express And Some Long-Awaited Good News 

$8.1 Billion | The total value of American Express’ top line in Q2 2016, up 2 percent over Q1.  Total cards were up 6 percent; spend on those cards grew by 4 percent year over year and 2 percent globally.

The High Cost Of Overdraft  

$11 Billion | The total amount 628 major banks in the U.S. bagged in revenue from overdraft fees.

New Parents' Online Shopping Addiction

$6 Billion | The total amount new parents spend online each year; about $2.58 billion of that is spent on Amazon.

Forter's Big Series C

$32 Million | The amount of Series C funding Forter raised in a round led by Scale Venture Partners.

First Data's SMB Strength

28 | The percent of global online transactions First Data powers – a differentiator that First Data President Guys Chiarello says positions Clover Online Store well in serving SMBs with its newly launched Clover Online Store.

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WATCH LIVE: MONDAY, JANUARY 18, 2021 AT 12:00 PM (EST)

About: From the online betting sector where one’s physical location at the time of wager is a matter of state law, to banks complying with stringent international Know Your Customer (KYC) regulations, geolocation services are proving a powerful weapon against fraudsters. Curiously, however, new PYMNTS research shows that consumers are more willing to share location data with food-ordering apps than with their own bank’s mobile app. Be part of the discussion as PYMNTS CEO Karen Webster and experts from the geo-data sector talk about the revolution in geolocation data usage, and why banks must take part.

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