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"What we see now is a tidal wave of transactions that hits as soon as the news breaks," Randich says.
A year ago, many interpreted the buy-outs of Dell and Heinz, purveyors of computers and ketchup respectively, to be the start of a new wave of transactions.
Still, it may well be that the trophy property craze spawned a wave of transactions for more modest — believe it or not — $20 million and $30 million apartments.
While regulators grappled with the reserve question and one another, a wave of transactions washed through the life insurance industry, sweeping billions of dollars' worth of business offshore, where reserve requirements are different.
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The documents outlined projects with code names like "Project Gazelle," money flowing to Iran's central bank, United States executives warning of "criminal liability," and a manual that told employees how to hide the wave of questionable transactions.
The smartphone app has already garnered $1.7 million£1.0606 million) from Wellington Partners and Octopus Investments and is very much part of this new wave of "effortless transactions" on mobile.
In payments, this is translating into a new wave of services where transactions are being enabled at the point at which you need them, with minimal friction: no log-ins, no jumping to new sites or apps, no additional steps.
Last week in Barcelona, Spanish bank La Caixa launched what it says is a world first: a city-wide network of contactless cash machines that allow customers to withdraw money and carry out other transactions with a wave of their bank card across a card reader.
Use of the risk intelligence database is linked to a growing wave of bank account closures and blocked transactions, as banks increasingly "de-risk" their operations to avoid mammoth US Treasury fines.
When it comes to new-wave revenues, PayPal is showing some of its legacy: the company only completes 26% of transactions on mobile devices today, versus 22% a year ago.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com