Fintech News

MARCH 10, 2024

UOB’s analysis reveals a 70% surge in total billings for the UOB Lady’s Debit and Credit Cards from 2019 to 2023, with transactions more than doubling in the same timeframe. Moreover, the average spending per Lady’s Credit Card user increased by over 50%.

Credit Cards 105

Credit Cards Deposit Account SWIFT Adjustments 105

FICO

JANUARY 25, 2019

Linking pricing decisions to return on equity and risk-adjusted return provides useful insight when pricing marginal business and will see pricing favour less capital intensive segments of the portfolio. In January 2019 APRA announced that they are going to cease actively monitoring the investor and interest-only lending caps.

Caps 74

Caps Returns Governance Government 74

PYMNTS

JULY 31, 2020

Companies may have to adjust the two-week payment cycle to a process that meets the changing needs of the workforce. 278%: Shipt’s revenue bounce in Q1 2020 compared to 2019. And in next-gen payments, companies and workers are seeking quicker and more flexible payroll solutions , particularly in a time of uncertainty.

Payroll 87

Payroll Adjustments Process Payments 87

PYMNTS

OCTOBER 23, 2020

Capital One said its domestic cards’ average loans fell 6 percent compared to Q3 2019 to $97.3 Capital One’s net charge-off rate fell 48 basis points compared to Q3 2019 to 3.64 in diluted losses per common share after excluding adjusting items on net revenues of $7.4 per diluted common share in the third quarter of 2019.

Adjustments 70

Adjustments Consumer Volume Continuity 70

PYMNTS

DECEMBER 2, 2020

Adobe adjusted its online sales forecast slightly downward to $184 billion for the entire holiday season, a 30 percent hike over 2019. Cyber Monday orders for curbside pickup were up 30 percent from 2019, and 37 percent of digital sales were made on mobile devices, according to Adobe’s data.

Adjustments 85

Adjustments Origination Consumer Continuity 85

PYMNTS

MAY 1, 2019

In terms of headline numbers, the company’s adjusted earnings per share of $1.78 Mastercard’s results continued a string of double-digit gains in transaction count, growth in card count and, of particular note, continued traction in cross-border activity. billion, better than the $3.8 billion that had been expected.

Volume 49

Volume Visa Cross-Border Credit Union 49

PYMNTS

DECEMBER 15, 2020

Overall cash consideration for the purchase of the company is $325 million, which is subject to “customary cash/debt and working capital adjustments,” of which $100 million has been deferred and will be paid on different dates over the 12 months to come. 31, 2019, and the gross assets in its audited balance sheet were $197 million as of Dec.

Audit 88

Audit Adjustments Continuity 88

PYMNTS

JULY 9, 2020

Banks have been facing a concerning rise in account takeover (ATO) attacks targeting their customers, with financial institutions (FIs) losses due to such schemes rising 72 percent from 2018 to 2019. percent of all fraud reported in 2019.

Fraud Prevention 104

Fraud Prevention Account Takeovers Authentication Identity Theft 104

PYMNTS

OCTOBER 29, 2020

Seasonally adjusted initial unemployment claims dipped to 751,000 the week ending Oct. The seasonally adjusted insured unemployment rate dropped 0.5 Comparatively, in 2019, the total number of people filing for benefits was 1.4 24, some 40,000 lower than the previous week's revised levels, according to the Thursday (Oct.

Adjustments 83

Adjustments Accounts Economy 83

PYMNTS

JULY 30, 2020

billion in the second quarter of 2020, a 59 percent increase from Q2 2019, with an average order size of $39 rising 20 percent year over year and net revenues coming in at $459 million, a 41 percent YOY increase. Adjusted EBITDA was $13 million ($0.23 of adjusted EBITDA per order in virtually all of our markets,” Grubhub stated.

Adjustments 56

Adjustments Contactless Payments Fed On-Demand 56

Fintech News

DECEMBER 20, 2023

Between 2019 and 2023, global BNPL activity, measured by gross merchandise value (GMV), increased over sixfold, soaring from about US$50 billion to surpass US$350 billion, the report shows. During the period, a similar growth pattern in BNPL app use was observed, which grew from just a little over 250k daily active users in early 2019 to 2.5

BNPL 104

BNPL Consumer Financial Protection Bureau (CFPB) Settlement Non-Bank 104

PYMNTS

NOVEMBER 13, 2020

million from $492 million in Q3 2019. million in Q3 2019, according to an announcement. million rise in brand platform GMV from New Guards as a result of its August 2019 acquisition and a formidable demand for merchandise in their brand collection. It also foresees “positive adjusted EBITDA.”. million, up from $420.3

NOV 41

NOV Adjustments Procedures On-Demand 41

PYMNTS

OCTOBER 27, 2020

billion for 2020’s first nine months versus the same 2019 period. Revenue within the Acceptance and Payments segments included revenue from the First Data acquisition in July 2019.). The company also raised its full-year 2020 outlook, now expecting adjusted earnings per share to grow at least 11 percent over 2019.

Economy 67

Economy Contactless Payments Adjustments Processors 67

PYMNTS

NOVEMBER 6, 2020

percent beyond North America, in contrast to Q3 2019. The executive noted that occupancy in mainland China reached 67 percent in September, which was slightly ahead of occupancy in September 2019, and an extraordinary improvement from 9 percent occupancy in February. Marriott International, Inc. reported on Friday (Nov.

Adjustments 47

Adjustments NOV Finance 47

PYMNTS

NOVEMBER 6, 2019

The climb back from that has been long and at times arduous, but has been making progress throughout 2019. Yesterday, when earnings dropped, LendingClub announced that it had finally returned to adjusted net income profitability, and even CEO Scott Sanborn noted this as a very important milestone. Revenue came in at $204.90

Adjustments 40

Adjustments Credit Cards Origination Returns 40

PYMNTS

NOVEMBER 17, 2019

million in the second quarter of 2019. “We In the third quarter of 2019, our adjusted net income available to common stockholders was $105.6 million, and our adjusted diluted earnings per share [EPS] available to common [stockholders was] $0.52. percent and adjusted return on average tangible common equity of 16.3

Innovation 46

Innovation Finance Adjustments Treasury Management 46

PYMNTS

JUNE 9, 2020

billion for the first quarter of 2019. It also forecast a preliminary adjusted diluted loss per share of $2.03 for the first quarter compared to adjusted diluted earnings per share of 44 cents in first-quarter 2019. .” Macy’s reported preliminary net sales of $3.02 The news comes as Macy’s Inc.

Agreements 52

Agreements Adjustments Finance Continuity 52

PYMNTS

SEPTEMBER 18, 2020

We may adjust slightly, but there’s still enough room for growth,” McDonald, who was named CEO in 2018, told the news outlet. In the third quarter of 2019, the company had 460 stores. million at the conclusion of Q2 2019. percent, marking a fall of 520 basis points from Q2 2019. And Lululemon reported a 54.2

Adjustments 70

Adjustments Consumer Transactions Technology 70

PYMNTS

NOVEMBER 11, 2020

a share, for the same quarter in 2019. Adjusted EBITDA for the 2020 quarter was a loss of $27.6 Looking forward, Lemonade said it sees fourth-quarter 2020 revenue coming in between $18 million and $19 million, with an adjusted EBITDA loss of $34 million to $32 million. For the quarter ended Sept. million, or $0.57 million.

Posting 57

Posting Adjustments Bots NOV 57

PYMNTS

FEBRUARY 20, 2020

per share on an adjusted basis, which was 15 cents higher than forecast. “Our relentless focus on our customers, our franchisees and the long-term growth and profitability of the Domino’s business model helped us deliver a solid 2019 in the face of unique competitive headwinds.” Total revenue exceeded estimates of $1.13

Adjustments 56

Adjustments Product Technology 56

PYMNTS

JANUARY 30, 2020

100: Approximate number of kiosks Amazon aimed to deploy in India by the end of 2019. 79 cents: Starbucks’ adjusted earnings per share for Q1 FY 2020. Data: 539: The number of net new stores Starbucks opened in Q1. 110 percent: Maximum sales growth of unattended retail units bringing in less than $2K a year.

EMV 52

EMV Adjustments Automation Payments 52

PYMNTS

SEPTEMBER 29, 2020

Target’s event, first reported by the Minneapolis Star Tribune, will feature “digital deals on thousands of items, more than double what the retailer offered last year, as it adjusts to the surge of consumers who have shifted to shopping online during the coronavirus pandemic.

On-Demand 104

On-Demand Adjustments Volume Continuity 104

PYMNTS

JANUARY 8, 2021

Rent for retail space in New York City took a nosedive amid the pandemic, dropping about 25 percent from the same period in 2019, as longtime retailers like Neiman Marcus and Century 21 shuttered stores. And 11 areas saw an increase in available retail space on the market, from 6 percent up to 67 percent.

Authentication 99

Authentication Adjustments Continuity Economy 99

PYMNTS

FEBRUARY 11, 2020

Breslow pointed out that the company’s analytics capabilities were enhanced in 2019 with innovations in its fraud prevention capabilities. Adjusted net income came in at $3.3 For the full year 2020, OnDeck forecasts an adjusted net income of $25 million to $35 million. Adjusted net income had come in at $7.8

Enrollments 52

Enrollments Origination Adjustments Fraud Prevention 52

PYMNTS

NOVEMBER 11, 2020

percent compared to Q3 2019, according to an announcement. percent from 29 percent in 2019 because of “creative efforts” to bolster efficiency in marketing and decrease advertising expenses. As for its overall results, Purple reported adjusted net income of 27 cents per diluted share on net revenue of $187.1

Adjustments 63

Adjustments On-Demand Consumer Product 63

PYMNTS

FEBRUARY 26, 2020

The G4S operations generated roughly $800 million in 2019, with an operating profit of about $85 million and an adjusted EBITDA of approximately $115 million. In total, these investments are anticipated to produce an adjusted EBITDA of around $300 million, “resulting in an average post-synergy purchase multiple of approximately 6.5

Adjustments 70

Adjustments Cash Management Acquirers Transactions 70

PYMNTS

JULY 30, 2020

Adjusted net income was $1.9 billion, a nearly 9 percent increase above Q2 in 2019. At the same time, adjusted operating profit was $2.3 Adjusted diluted earnings were $2.13 In early morning trading, UPS shares were $136.09, a 10 percent rise from the close on Wednesday (July 29) of $123.68. . billion, up 7.4

Adjustments 56

Adjustments On-Demand Volume Economy 56

PYMNTS

JULY 27, 2020

Albertsons reported an adjusted EBITDA of $1.7 Net income rang in at $586 million for the quarter, with adjusted net income per share of $1.35, compared to eight cents during the same quarter in 2019. The Idaho-based supermarket chain reported overall sales and revenue of $22.8 billion for the first quarter, up 21.4

Adjustments 56

Adjustments On-Demand Continuity Posting 56

PYMNTS

APRIL 3, 2019

In the case of CTO Papas, Blue Apron said he is also pursuing new opportunities and that his last day will be May 3, 2019. The Board and I believe this is an appropriate time to transition to a new leader who can optimize for growth.

Adjustments 49

Adjustments Advisors Product Consumer 49

PYMNTS

MAY 7, 2020

WEX’s Chair and CEO Melissa Smith said in an announcement , “WEX began the year benefiting from favorable execution and building upon the strong momentum coming out of 2019. million – up 15 percent from the first quarter of 2019. Total fuel transactions increased 7 percent from the first quarter of 2019 to 150.7

Agreements 61

Agreements B2B Acquirers Volume 61

PYMNTS

SEPTEMBER 8, 2020

million at the conclusion of Q2 2019. percent, marking a fall of 520 basis points from Q2 2019. As for its overall results, Lululemon reported adjusted diluted earnings per share of 74 cents on net revenue of $902.9 Lululemon concluded Q2 with cash and cash equivalents of $523 million compared to $623.7 Lululemon reported 54.2

Adjustments 67

Adjustments On-Demand Consumer 67

PYMNTS

JUNE 29, 2020

The whole world is adjusting to the new normal related to [COVID-19], and we’re seeing our customers adjust their financial behavior and interactions with us accordingly,” said Ben Soccorsy , head of digital payments at Wells Fargo. How Digital Banking Has Adjusted to the New Normal.

Online and Mobile Banking 126

Online and Mobile Banking IRS Adjustments Checks 126

PYMNTS

JANUARY 12, 2021

percent in Q3 fiscal 2019. million in Q3 fiscal 2019. As for its overall results, Albertsons Companies reported 66 cents in adjusted net income per share on $15.4 Gross profit margin rose to 29.3 percent in the quarter in contrast to 28.3 The metric rose 25 basis points outside of the impact of fuel.

Adjustments 52

Adjustments Continuity 52

PYMNTS

JUNE 19, 2020

Müller, co-founder and CTO of mobile measurement company Adjust. percent purchase rate was measured over 2019’s 10.5 The number of cross-border mobile commerce orders has increased globally by more than 43 percent, according to 2019 data from solutions provider Global-e. per customer.

Cross-Border 70

Cross-Border Adjustments Consumer Economy 70

PYMNTS

MAY 12, 2020

Bolt rebranded from Taxify in 2019 and upped its scooter-sharing and food delivery divisions, a move that Villig said was ideal as stay-at-home mandates changed everyday life. The company first started food delivery in Estonia in August of 2019. We’re not looking at doing any layoffs,” Villig said.

Adjustments 52

Adjustments Technology 52

PYMNTS

JANUARY 29, 2020

invested in its further growth in non-grocery channels such as eCommerce, discounters and convenience, the confectionary company experienced its first full year under its new consumer-centric growth strategy in 2019. He also noted that the company made great progress in 2019 in embedding its purpose to “empower people to snack right.”

Adjustments 56

Adjustments Volume Product Innovation 56

PYMNTS

JANUARY 21, 2021

United Airlines reported that Q4 2020 operating revenue plunged by 69 percent from Q4 2019 as the pandemic continued to challenge the aviation industry. The company also reported that Q4 2020 operating expenses decreased by 45 percent compared to Q4 2019. The results fell short of analyst estimates of $6.60 loss per share on $3.44

Adjustments 56

Adjustments On-Demand Continuity Payments 56