PYMNTS

JANUARY 7, 2021

The new year is here, and the grocery business gets to finally close the book on a difficult and complicated 2020. Nonetheless, it does give a potentially significant boost to the brands that do, as the continuation of certain trends, including a shift to grocery at the expense of restaurants, is expected in 2021.”.

Contactless Payments 81

Contactless Payments Payroll Adjustments Consulting 81

PYMNTS

DECEMBER 30, 2020

The American Bankers Association found that 82 percent of consumers favored banking digitally over visiting brick-and-mortar locations, even before the pandemic began, and a separate study found that 88 percent of credit unions surveyed in early 2020 planned to invest more in such technologies than they had during the previous year.

Credit Union 55

Credit Union Continuity Online and Mobile Banking Innovation 55

PYMNTS

JULY 1, 2020

Macy’s said it had net sales of just over $3 billion, as reported in the past, and adjusted diluted loss per share of $2.03. It also noted that it continues to forecast a “gradual sales recovery.”. While our stores are reopened, we expect that the COVID-19 pandemic will continue to impact the country for the remainder of the year.”.

Adjustments 93

Adjustments Addressing Continuity Security 93

PYMNTS

DECEMBER 21, 2020

billion in 2020. About $225 million in adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) is expected for 2020. . Founded in 2013 in Salt Lake City, Utah, Acima operates in over 15,000 retail partner locations and eCommerce platforms.

Federal Trade Commission 105

Federal Trade Commission Acquirers FTC Adjustments 105

PYMNTS

JUNE 25, 2020

That “troubled” group of companies continues to struggle, seeking Chapter 11 or other financial lifelines. It will also cut staff across its stores portfolio, supply chain and customer support network, which it will adjust as sales recover. COVID-19 has significantly impacted our business. Crew and Neiman Marcus. “To

Continuity 56

Continuity On-Demand Adjustments Finance 56

PYMNTS

DECEMBER 30, 2020

But the style changes on display in 2020 are quite a bit different than previous years. In 2020, according to the report, the industry’s economic profit will fall by 93 percent. But subdued tourism, limited events and consumers continuing to stick close to home in the first half of the year will act as a persistent drag to recovery.

Consumer 113

Consumer Adjustments Returns Continuity 113

Fintech News

MARCH 10, 2024

The bank introduced a flexible rewards system in 2019, allowing cardholders to choose and adjust their preferred rewards categories quarterly, thus personalising benefits to fit evolving lifestyle needs. We leverage these useful insights to continually enhance our products and offerings for ladies.

Credit Cards 108

Credit Cards Deposit Account SWIFT Adjustments 108

PYMNTS

AUGUST 10, 2020

The new numbers come from growth even in the second quarter of 2020, HelloFresh said in the release. Then there were even more diverse options such as the initiative from Impossible Foods to make plant-based burgers, including adjusting orders for individual protein-based diets. In May, the company reported a 66.4 That included U.S.

Continuity 60

Continuity Adjustments Consumer Product 60

PYMNTS

NOVEMBER 19, 2020

Digital continues to thrive, and as a healthy component of our business. Most importantly, our growing digital business continues to contribute to profitability. There are things that we learned about our business in 2020, that gives us confidence in the future,” he said on the call.

Continuity 57

Continuity On-Demand NOV Adjustments 57

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

AUGUST 17, 2020

The Commerce Department released July’s retail sales last week, showing an increase in seasonally adjusted retail spending – up 1.2 Analysts reported that physical retail sales, seasonally adjusted, were up 2.7 Using Census data, the trailing 12 months of non-adjusted physical retail sales show a decline of 1.9

Economy 134

Economy Adjustments Consumer Product 134

PYMNTS

JANUARY 21, 2021

The total number of continued weeks claimed for benefits in all programs for the week ending Jan. million weekly claims filed for benefits in all programs during the same week in 2020, the BLS said. For 20 consecutive weeks in 2020, claims were above 1 million. The previous week's level was 926,000, revised down by 39,000.

Adjustments 87

Adjustments Continuity Economy 87

PYMNTS

AUGUST 7, 2020

Before Q2 2020, Uber was the innovator that launched the concept of a digitally backed ridesharing business with a growing side hustle in the world of delivery. billion during Q2 2020, a decline from Q2 2019’s net loss of $5.24 If restrictions continue or need to be re-imposed, our delivery business will compensate.”.

Adjustments 101

Adjustments Innovation Transactions Continuity 101

PYMNTS

MAY 8, 2020

In preparing to play … we will continue to make our decisions based on the latest medical and public health advice, in compliance with government regulations, and with appropriate safety protocols to protect the health of our fans, players, club and league personnel, and our communities,” NFL Commissioner Roger Goodell said in a statement. “In

Adjustments 52

Adjustments Compliance Governance Government 52

PYMNTS

DECEMBER 30, 2020

With trade shows canceled and enterprise digitization accelerated, 2020 was a big year for the adoption of B2B eCommerce. Retail giants like Flipkart ramped up their investments in online wholesale operations this year, with the pursuit of the "Amazon-like experience" continuing to be a driving influence for the sector.

B2B 121

B2B Embedded Finance Finance On-Demand 121

Clearly Payments

OCTOBER 7, 2024

As of 2024, it is clear that the changes initiated during the pandemic are not just temporary adjustments but enduring shifts that continue to define the industry’s trajectory. in 2020, reaching $4.28 This growth trajectory has continued, with 2023 seeing e-commerce sales surpass $5 trillion for the first time.

Cross-Border 93

Cross-Border Processors Multi-Currency Contactless Payments 93

PYMNTS

OCTOBER 23, 2020

In the current environment, consumers continue to behave cautiously, spending less, saving more and paying down debts. in diluted losses per common share after excluding adjusting items on net revenues of $7.4 22) announced net income for the third quarter of 2020 of $2.4 Capital One reported on Thursday (Oct. billion, or $5.06

Adjustments 70

Adjustments Consumer Volume Continuity 70

PYMNTS

JULY 29, 2020

Rainey said PayPal is also continuing efforts “around expanding the Pay with Venmo in an eCommerce setting.”. This has been our best quarter, and we plan to continue to invest in building out Venmo because it’s got a really bright future and is really a crown jewel of ours.”. Adjusted earnings per share came in at $1.07

Venmo 84

Venmo PayPal Direct Deposit Adjustments 84

The Fintech Times

SEPTEMBER 23, 2024

The Credit Where It’s Due: Trade Credit and Digitisation Report shows a significant jump in the number of suppliers offering repayment terms longer than 60 days – from seven per cent in 2020 to 17 per cent in 2024. This rise comes as more businesses demand greater payment flexibility from suppliers.

B2B 69

B2B Adjustments Payments Risk 69

PYMNTS

FEBRUARY 13, 2020

In terms of headline numbers, adjusted earnings per share came in at $1.57, three pennies better than expected. The company has increased its 2020 cost synergy target to $600 million. As a result, he said the company is increasing its revenue synergy targets to $200 million exiting 2020, and $550 million exiting 2022.

On-Demand 75

On-Demand Adjustments Continuity Posting 75

PYMNTS

JANUARY 26, 2021

Chuck Fagan, president and CEO of PSCU , reflects on the challenges of 2020 and looks ahead to what 2021 will bring. 2020 was a year like no other, yielding unprecedented challenges as the United States faced a global pandemic and civil unrest, among other unexpected events.

Credit Union 69

Credit Union Continuity Adjustments Innovation 69

FICO

DECEMBER 9, 2019

There are a myriad of views but one thing seems certain: Brexit has already cost the UK substantially and will continue to do so! Now, what does 2020 promise on the C&R front? This is happening now and I see it continuing. AI and machine learning will continue to lag in adoption. Here’s what I see. Source: [link].

AI 52

AI Risk Non-Bank Push-to-Card 52

PYMNTS

MAY 19, 2020

Kohl’s also saw continued digital strength in areas such as toys, active and beauty as well as growth in areas such as sleepwear, intimates and basics. It also suspended its regular quarterly cash dividend starting in Q2 of 2020 and halted its share repurchase program. billion and adjusted diluted loss per share of $3.20

Returns 94

Returns Procedures Adjustments On-Demand 94

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.".

Cross-Border 81

Cross-Border Adjustments Use Case B2B 81

PYMNTS

AUGUST 12, 2020

Looking at spring 2020 sales figures, people pretty much stopped buying everything from bras to pants, as lockdowns turned ubiquitous video staff meetings into virtual pajama parties. 21, and “excluding non-recurring items, the company expects to report adjusted earnings per share of 66 cents to 70 cents.” retailers.”.

Posting 92

Posting Ubiquitous Advisors On-Demand 92

PYMNTS

OCTOBER 27, 2020

billion for 2020’s first nine months versus the same 2019 period. The company also raised its full-year 2020 outlook, now expecting adjusted earnings per share to grow at least 11 percent over 2019. And 69 percent of those respondents say they plan to continue using contactless payments after the pandemic subsides.

Economy 67

Economy Contactless Payments Adjustments Processors 67

PYMNTS

DECEMBER 2, 2020

Throughout the remainder of the holiday season, we expect to see record sales continue and curbside pickup to gain even more momentum as shoppers avoid crowds and potential shipping delays," Taylor Schreiner, a director at Adobe Digital Insights, said in a blog post. Original 2020 forecasts were $189 billion. according to Adobe.

Adjustments 85

Adjustments Origination Consumer Continuity 85

PYMNTS

FEBRUARY 6, 2020

The year 2020 is off to a rocky start for food delivery platform Grubhub. The firm reported an adjusted earnings loss of $4.2 is likely the question Grubhub faces as early 2020 unfolds, and as it continues working to outdraw DoorDash, Uber Eats and Postmates all at once. Adjusted earnings per share were $.79,

Advisors 84

Advisors Adjustments Enrollments Agreements 84

PYMNTS

APRIL 21, 2020

percent of sales for the first quarter of 2020. He noted that the company is seeing small transaction increases throughout all frequency bands and that it foresees the lever turning into “a bigger driver in the future as we gain greater customer insights while continuing to expand our digital ecosystem.”. percent and accounted for 26.3

Enrollments 74

Enrollments SWIFT Adjustments Continuity 74

PYMNTS

DECEMBER 3, 2020

had signaled that its third-quarter 2020 report would deliver excellent earnings. In the earnings announcement, Chairman and CEO Rodney McMullen said the company had continued to execute on its “Restock transformation.” Grocery giant Kroger Co. And when the company released its Q3 results on Thursday (Dec. billion since March.”.

Adjustments 60

Adjustments Returns Continuity Authorization 60

PYMNTS

DECEMBER 22, 2020

Amid a year in which over 11,000 retail closings have been announced, past Macy’s CEO Terry Lundgren foresees that disruption to the retail vertical related to COVID-19 will continue into 2021 and possibly bring about additional closings of stores, CNBC reported. billion and has cut its losses quicker than anticipated during 2020.

Adjustments 62

Adjustments Finance Continuity 62

PYMNTS

NOVEMBER 24, 2020

For many consumers, the holiday-shopping rush kicked off in October with Amazon Prime Day and has continued as “Black Friday” sales started popping up before Halloween decorations had even come down. Or at least it was unheard of before 2020, PayPal ’s Lisiewski said. In some ways, it already is. Doing It Better In The New Year .

PayPal 100

PayPal BNPL Adjustments Consumer 100

PYMNTS

DECEMBER 21, 2020

Our strategy is sound, our strategy is working and we’re excited by what we’re seeing as we continue to execute it,” Nike President and CEO John Donahoe said on Friday (Dec. The company said digital sales of its flagship Nike brand (the firm also owns two others) soared by 84 percent during the period without adjusting for currency changes.

NOV 106

NOV On-Demand Adjustments Consumer 106

PYMNTS

DECEMBER 16, 2020

economy to a screeching halt in Q2 2020. One recent report predicted that the market could reach $157 billion in 2020, and another projected its expanse to a staggering $623 billion by 2023 at a compound annual growth rate (CAGR) of 18 percent. . SaaS Sector On The Rise . Many school districts across the U.S.

Consumer 74

Consumer On-Demand Origination Privacy 74

PYMNTS

JANUARY 28, 2021

The total number of continued weeks claimed for benefits in all programs for the week ending Jan. million weekly claims filed for benefits in all programs in the comparable week in 2020. . Some 426,856 workers filed for Pandemic Unemployment Assistance, which is not seasonally adjusted. million without seasonal adjustments.

Federal Reserve 56

Federal Reserve Adjustments Economy Continuity 56

PYMNTS

OCTOBER 21, 2020

Higher demand and tight inventory should continue into the next year, he said. This individual retail demand is lasting and will continue for the next several years.” AutoNation does not have the inventory on the new side or on the pre-owned side to meet the demand that’s out there, so the firms has adjusted pricing (upwards, that is).

Economy 89

Economy Online and Mobile Banking On-Demand Consumer 89

PYMNTS

MAY 22, 2020

workers who were not in the labor force as companies closed during the past two months will begin seeking work as the economy slowly recovers in the latter half of 2020 per the report. Seasonally adjusted jobless initial claims were 2.4 The four-week moving average was 22 million, marking a rise of 2.3

Federal Reserve 74

Federal Reserve Economy Non-Bank Adjustments 74