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

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 88

Cross-Border Processors Multi-Currency Contactless Payments 88

PYMNTS

APRIL 14, 2020

Amazon has reportedly upped its online grocery capacity by more than 60 percent since the start of COVID-19 outbreak — but shopper demand for digital delivery of grocery items continues to outstrip the number of timeslots available. The number of Whole Foods stores offering pickup ?expanded A new survey has found that Walmart Inc.

Adjustments 79

Adjustments On-Demand Returns Consumer 79

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

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 Government Governance 52

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

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

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 102

Credit Cards Deposit Account SWIFT Adjustments 102

PYMNTS

DECEMBER 18, 2020

billion in revenue on an adjusted (non-GAAP) basis. billion in adjusted revenue reported for Q2 fiscal 2020. Our strong revenue and earnings growth during the quarter is a reflection of their continued hard work and commitment to our customers,” FedEx Chairman and CEO Frederick W. For Q2 fiscal 2021, FedEx reported $4.83

Volume 105

Volume Adjustments On-Demand Returns 105

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].

Risk 52

Risk AI Non-Bank Push-to-Card 52

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

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

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

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

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

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

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

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

PYMNTS

JANUARY 12, 2021

percent as part of its Q3 fiscal 2020 results, according to a Tuesday (Jan. Our constant focus on our customers continued to drive strong growth and market share gains in the third quarter,” President and CEO Vivek Sankaran said in the announcement. “It million in Q3 fiscal 2020 in contrast to $154.8 Albertsons Companies, Inc.

Adjustments 52

Adjustments Continuity 52

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

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

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 concluded 2020 with $19.7 The company also reported that Q4 2020 operating expenses decreased by 45 percent compared to Q4 2019. loss per share on $3.44

Adjustments 56

Adjustments On-Demand Continuity Payments 56

PYMNTS

JUNE 9, 2020

reported that its reopened stores are “performing better than anticipated” in its preliminary first-quarter 2020 financial results. Our strong digital business sales trend continued throughout May, and it is encouraging to see that as we reopen a store, the digital business in that geography continues to be strong.”

Agreements 52

Agreements Adjustments Finance Continuity 52

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

FICO

JANUARY 8, 2021

Here are our top 5 posts from 2020. #1. Investment to redefine for new normal (continued table stakes). Since machine learning models use algorithms that can learn and improve themselves in real time with each transaction, these models will dynamically adjust to revised consumer behaviour patterns. Value of Digitalization.

Posting 52

Posting Origination Online and Mobile Banking Assessments 52

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

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

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 per order) in Q1 2020. per order) in Q2 compared to $21 million ($0.45

Adjustments 56

Adjustments Contactless Payments Fed On-Demand 56

PYMNTS

JANUARY 30, 2020

Data indicate that the three biggest economies in the eurozone, France, Germany, and Italy, all report higher-than-expected consumer morale as shoppers continue to open their wallets and spend to support expanding a strong overall economy. In Italy, consumer confidence in January 2020 grew to 111.8 from 110.8 in December of last year.

Economy 56

Economy Consumer Shutdown Central Bank 56

PYMNTS

JANUARY 13, 2021

for Q4 fiscal 2020 compared to diluted EPS of $2.39 In addition, guidance factors in a rise in operating expenses by roughly the same dollar amount as Q3 fiscal 2020. The off-price retailer anticipates diluted earnings per share (EPS) to be between $2.40 for the comparable quarter last year. per share average cost for roughly $55.7

Adjustments 57

Adjustments Authorization Continuity Product 57

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

The Payments Association

OCTOBER 28, 2024

In the world of digital payments, fraud is an ever-present threat that continues to evolve, creating serious risks for both businesses and consumers. One of the most alarming trends identified in the report is the continued rise in social engineering scams, which now account for a significant portion of fraud activity.

Scams 88

Scams Push-to-Card Fraud Detection Online and Mobile Banking 88

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

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

Braintree

APRIL 8, 2020

This does not guarantee that you will win the dispute, so we encourage you to continue to attach additional evidence to the dispute if available. This functionality went into effect on April 3, 2020 for merchants of all sizes processing in the US. To determine if your fees were waived, refer to your monthly account statement.

Disputes 52

Disputes Debit Card Adjustments PayPal 52

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

APRIL 22, 2020

Last month, Expedia withdrew its 2020 adjusted EBITDA, or earnings before interest, taxes, depreciation, and amortization, in the wake of the growing impact from the COVID-19 outbreak, which has brought the travel industry to a near halt. “As Expedia runs travel booking brands including Travelocity, Orbitz and Vrbo.

Adjustments 60

Adjustments On-Demand Finance Continuity 60