PYMNTS

MAY 26, 2020

percent in April compared to March, but they fell by 6 percent compared to April 2019, according to the U.S. The seasonally adjusted number of new houses sold last month totaled 623,000, down from 664,000 in April 2019. Census reported from January through April that 241,000 new homes have sold, up from 238,000 in April 2019.

Mitigation 95

Mitigation Adjustments Economy On-Demand 95

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

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 96

Credit Cards Deposit Account SWIFT Adjustments 96

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

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

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

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

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

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

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

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

AUGUST 7, 2020

Uber Eats is now bigger in terms of adjusted net revenue that Uber’s “core” ride-hailing business, which has been one of the many casualties of the COVID-19 pandemic’s stay-at-home orders and overall consumer reluctance to physically interact with strangers. billion during Q2 2020, a decline from Q2 2019’s net loss of $5.24

Adjustments 101

Adjustments Innovation Transactions Continuity 101

PYMNTS

OCTOBER 4, 2020

Square's usership was up 60 percent from the previous year as of Q4 2019, PYMNTS writes. billion and adjusted earnings per share sat at $0.23, which was better than analysts had expected. The distribution was fairly even across urban, suburban and rural recipients. Revenues had surged to $1.3

Federal Reserve 92

Federal Reserve Small Business Adjustments Finance 92

PYMNTS

AUGUST 14, 2020

These types of technology-based supports are in demand in AP departments: A 2019 study of 1,000 U.S. A 2019 study found that 40 percent of companies said AP automation led to improved oversight of their outstanding invoices. . The pressures of the ongoing crisis are highlighting the value of this type of assistance. .

Process 106

Process Duplicate Automation AI 106

PYMNTS

AUGUST 2, 2019

Adjusted earnings per share (EPS) came in at $0.45 We remain on track to deliver on our 2019 outlook, excluding the costs related to the operating model changes we announced today,” President and CEO Hikmet Ersek said of the result. It expects adjusted earnings per share of $1.70 This compares to earnings of $0.46 to $1.80.

Cross-Border 87

Cross-Border Cost Structure Adjustments Transactions 87

FICO

MARCH 25, 2020

For its achievement, Home Credit was awarded the 2019 FICO® Decisions Award for Financial Inclusion. Home Credit’s feedback and cooperation has been valuable for us when constantly adjusting and recalibrating the score to adapt to market headwinds to ensure that the model provides a fair assessment of consumer credit risk.

Risk 97

Risk Financial Inclusion Point-of-Sale (POS) Risk Assessment 97

PYMNTS

JUNE 29, 2020

Separate analysis from The Hackett Group found that as businesses adjust their supplier payment terms, they’re relying less on external financing tools like supply chain financing, and more on invoice payment optimization, to improve their cash positions.

Payments 102

Payments B2B Volume Adjustments 102

Fintech News

APRIL 17, 2024

2 Syfe Syfe , a relative newcomer to the robo advisory landscape, has quickly made a name for itself since its launch in 2019. 3 Endowus Endowus , established in 2019, has carved a niche for itself by focusing on providing low-cost, globally diversified investment portfolios.

Advisors 106

Advisors Online and Mobile Banking Risk Returns 106

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

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

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

DECEMBER 30, 2020

In 2019, the industry’s overall sales went up about 4 percent worldwide. What will matter the most, according to the experts, is not so much when the pandemic period ends, but how much consumer tastes have really adjusted, Chrisman-Campbell notes. “A But apparel sales dropped off 19 percent year on year, according to the data.

Consumer 113

Consumer Adjustments Returns Continuity 113

PYMNTS

FEBRUARY 6, 2020

during 2019. Grubhub’s sales were strong for the final leg of 2019, with a 19 percent increase to $341 million from $288 million at the same time last year. The firm reported an adjusted earnings loss of $4.2 Adjusted earnings per share were $.79, That came in ahead of analyst forecasts of $325 million. million users.

Advisors 84

Advisors Adjustments Enrollments Agreements 84

PYMNTS

APRIL 24, 2020

Sales of new single-family dwellings fell to a rate of 627,000 in March on a seasonally adjusted basis following a 4.6 A small slump occurred in 2019 because of borrowing cost rises, but it was previously reported that the market appeared to be rebounding from that. Rick Palacios, Jr.,

Consulting 79

Consulting Adjustments On-Demand Government 79

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 93

BNPL Consumer Financial Protection Bureau (CFPB) Settlement Non-Bank 93

PYMNTS

DECEMBER 31, 2020

Addressing security concerns is no trivial pursuit for debit issuers, as they incurred more than $1 billion in net fraud losses in 2019. Advanced learning-powered defenses can respond flexibly and adjust their assessments based on results, which can help FIs reduce false positives while maintaining strong defenses. The Face of Fraud.

Issuers 109

Issuers Card Issuer Point-of-Sale (POS) Debit Transaction 109

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

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

AUGUST 5, 2020

Adjusted earnings per share were 18 cents. The app boasted 30 million users in June — that’s up from 26 million at the close of 2019. Square saw its shares skyrocket Tuesday (Aug. 4) night after the San Francisco-based financial services company posted better-than-expected quarterly results for its mobile payment app.

Tax Refunds 87

Tax Refunds Small Business Shutdown Venmo 87

PYMNTS

AUGUST 2, 2019

In terms of headline numbers, adjusted earnings of 12 cents a share beat the Street by a nickel. Revenue should decline 8 percent through 2019, said the company, though Holmes said the company has been “slightly behind where we expected to be … but the return to growth is picking up speed.”. Revenues of $323.8 million were down 13.6

Transactions 78

Transactions Cross-Border Settlement Cross-Border Returns 78

PYMNTS

FEBRUARY 10, 2020

” Fiserv posted Q4 adjusted earnings of $1.13 The adjusted revenue was $3.7 Fiserv acquired First Data in January 2019 and cloud-based point-of-sale firm Clover in July. per share, which just missed the consensus of $1.14. billion, slightly under the $3.8 billion expected.

B2B 67

B2B PCI DSS Payments Adjustments 67

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

DECEMBER 22, 2020

Success in the shifting post-pandemic global business world will require companies to adjust their order-to-cash (O2C) processes from top to bottom. trillion reported in 2019. Many firms are eying new technologies that could accelerate their global B2B transactions amid these shifts.

Cross-Border 94

Cross-Border Innovation B2B Automation 94

PYMNTS

JUNE 17, 2020

percent at a seasonally adjusted annual rate of 1,220,000 compared to 1,066,000 permits issued in April, the two agencies said in data released Wednesday (June 17). percent below the May 2019 rate of 1,338,000. percent below the May 2019 rate of 1,268,000. percent below the May 2019 rate of 1,230,000.

Adjustments 56

Adjustments Shutdown Economy On-Demand 56

PYMNTS

OCTOBER 29, 2020

Our strategy, planning and execution enabled us to adjust to changing market conditions, rebound quickly from the sharp downturn COVID-19 caused during the second quarter, and deliver strong profitability for shareholders," said Ersek, adding that while macroeconomic headwinds persist, "our business continues to improve.". "We

Cross-Border 81

Cross-Border Adjustments Use Case B2B 81

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

SEPTEMBER 24, 2020

These types of payment flows made up 5 percent or more of the gross domestic product (GDP) for 66 countries in 2019, reaching as high as 20 percent of GDP in nations like Haiti and Nepal. . Another study found that the number of correspondent banking relationships in existence worldwide had dropped 22 percent from 2011 to 2019. .

Regulatory Compliance 89

Regulatory Compliance Compliance Correspondent Bank Correspondent 89