PYMNTS

JULY 30, 2020

billion, a nearly 9 percent increase above Q2 in 2019. At the same time, adjusted operating profit was $2.3 GAAP results included a pre-tax charge of $112 million, equivalent to $0.10 GAAP results included a pre-tax charge of $112 million, equivalent to $0.10 Adjusted net income was $1.9 billion, up 7.4 per share, an 8.7

Atlanta 141

Atlanta Taxes Operations Community 141

PYMNTS

MAY 8, 2020

Cardtronics , which calls itself the world’s largest ATM owner-operator, disclosed its first-quarter results on Friday (May 8), which reflected lower revenues due to lockdowns and some location closures. . million compared to Q1 in 2019. . Cardtronics’ ATM operating revenues dropped to $291.9 million, down from $318.3

ATM 131

ATM NJ Houston Operations 131

PYMNTS

MARCH 15, 2019

The publication pointed to Goldman Sachs as the latest FI giant to grow operations in Mexico, after it provided a $100 million credit facility to Credijusto, a FinTech startup that makes three-year loans to small businesses.

Lending 189

Lending Fintech National Taxes 189

PopularBank

OCTOBER 28, 2020

The branch closures, which are expected to be completed simultaneously by January 29, 2021, are projected to reduce annual operating expenses by approximately $13 million. Popular is committed to meeting the needs of our customers and communities, guided by our 127-year legacy. The expenses include a pre-tax charge of approximately $2.4

Puerto Rico 52

Puerto Rico New York Metro Community 52

PYMNTS

FEBRUARY 11, 2020

For its three years in operation, Brandless generated no shortage of buzz with its concept of “private label for less” and the idea that the best brand is no brand at all. Facing a growing cash crunch — and trying to streamline its operation — Brandless laid off 13 percent of its staff last March.

Branding 150

Branding Operations Leadership Millennials 150

Abrigo

MAY 22, 2020

CRBs are real, essential businesses paying federal taxes, and many argue that they should be included in federal programs. In September 2019, the House passed the SAFE Banking Act , which would provide protections for financial institutions servicing legal CRBs and MRBs. Know who you're banking with CRB monitoring. learn more.

Lending 195

Lending Industry Taxes Community 195

PYMNTS

MARCH 14, 2019

Unfortunately, the report found, recent tax reform in the U.S. has only had a minimal impact on the corporate community. tax reform to provide a significant benefit, nearly half said in 2019 that there has been no significant impact on their companies at all.

Fraud 115

Fraud Survey Taxes Regulation 115

Abrigo

NOVEMBER 7, 2019

Strategies to lessen the impact of CECL on smaller community banks. Hal Schroeder, a Financial Accounting Standards Board (FASB) board member, led a presentation, “Roadmap to the Future: Fact vs. Fiction (on CECL and Other FASB Standards),” at the 2019 ThinkBIG conference in September. WARM was geared specifically to community banks.

Community Bank 150

Community Bank Community Lending Analysis 150

Abrigo

MARCH 30, 2020

Key Takeaways The CARES Act and its $349 billion Paycheck Protection Program give financial institutions a tremendous opportunity to help small businesses in their communities access much-needed capital during the coronavirus crisis. Numerous SBA loan programs will provide assistance to small businesses and self employed workers.

Lending 195

Lending Capital Community Examples 195

Abrigo

OCTOBER 21, 2019

It sounds like the beginning of a joke, but for many community financial institutions, a spectrum of different customers and banking needs is something that they see every day. You can’t ignore an entire group, said Jill Hudson, Vice President of Loan Operations at Vision Bank, another panelist at the ThinkBIG conference.

Oklahoma 218

Oklahoma Millennials Innovation Technology 218

Abrigo

FEBRUARY 15, 2023

Foreign and domestic terrorist financing – Terrorists require financing to recruit and support members, fund logistics, and conduct operations. intelligence community clarify who is considered a domestic or foreign terrorist and provide activity patterns to add to banks’ monitoring systems and manual reviews of transactions.

Fraud 195

Fraud United States Training Policies 195

Abrigo

FEBRUARY 27, 2020

Many community bankers expect a recession will start by at least mid-2021, according to the most recent Community Bank Sentiment Index. 21, 2019 – Jan. I’m surprised at how inefficient and poorly automated things are,” said David O’Connell, Senior Analyst with research firm Aite Group , after reviewing the survey results.

Lending 243

Lending Survey Data System 243

Jeff For Banks

JUNE 10, 2022

Mark was a senior financial analyst at Wellington since 1994 and a partner from 1996 until his 2019 retirement. Another that operates above a 15% ROE operates in a state that investors hate and therefore won't buy the stock much above 115% of tangible book value. Mark Lynch, Retired Partner, Wellington Management. Technology?

Conference 78

Conference Taxes Strategy Community Bank 78

PYMNTS

DECEMBER 11, 2020

Right now, we've been taking a look at 2018 and 2019 tax returns. As Puskar noted, it involves a bit of "reading the tea leaves" – not only when it comes to assessing small business performance, but also when it comes to what's ahead for the small business community as a whole.

Lending 233

Lending Capital Resources Taxes 233

PYMNTS

MARCH 18, 2019

Last week, NACHA issued an ACH operations bulletin announcing the delay of the rollout of a third Same Day ACH (SDA) processing window by six months, to March 19, 2021. Also keen on the Fed’s involvement were the community banks and credit unions that worry (as they should) about having TCH as the only operator of an RTP network in the U.S.

Payments 201

Payments Cards Operations System 201

PYMNTS

JANUARY 29, 2020

Even so recent news does show that the brand — now owned by a France-based operation after Atari all but faded out after the late 1970s and early 1980s video game craze and the massive industry crash that followed — is making a play to take part in the emerging trend of making hotels more attractive to gaming-minded consumers.

Georgia 131

Georgia Las Vegas Video San Jose 131

Independent Banker

FEBRUARY 24, 2015

During my 20-plus years of dealing with community bankers, either as an investment strategist, sales rep or business-development manager, I have come to understand that certain buzz words fall on deaf ears. tax-equivalent yield, 2.) With the typical community bank investment, each of these variables should be easily attainable.

Management 70

Management Community Bank Community Comparison 70

CB Insights

FEBRUARY 13, 2020

In an interview at CB Insights’ 2019 Future of Fintech conference, CFO and CPO William Gaybrick indicated that businesses are more constrained by developer resources than by capital. Stripe’s early success in acquiring customers was largely due to its mass appeal to the developer community. Sigma aims to streamline business operations.

Online 98

Online Company Retail Payments 98

Lex Sokolin

DECEMBER 25, 2019

If you read anything but this newsletter, you’ve got to read: Blockchain Capital’s 2019 Year in Review Messari Research Crypto Theses for 2020 DappRadar 2019 dapp Industry Review Decentralized Finance Overview So let’s narrow our entire lens to decentralized finance. Two 2019 symptoms have caused this rush?—?Facebook’s

blockchain 52

blockchain Bitcoin Software Lending 52

Vitalik Buterin

NOVEMBER 22, 2019

At the end, I’ll include my new picks for hard problems of 2019. There are also other smaller developments like Cross-shard communication via receipts as well as "constant-factor" enhancements such as BLS signature aggregation. That said, sharded blockchains have still not been seen in live operation.

cryptocurrency 143

cryptocurrency blockchain System Maine 143

CB Insights

OCTOBER 26, 2020

While the rules against prop trading have more recently been loosened, the restriction has still changed how investment banks operate. Even so, September 2020 was one of the strongest months for IPOs since Uber went public in May 2019. Investment banking revenues hit a 13-year-low in 2019. Table of contents.

Management 78

Management Capital Company Marketing 78

PYMNTS

APRIL 5, 2019

As 2019 ended its first quarter, it may have been the deals worth tens of billions of dollars that garnered the lion’s share of headlines. IPO Tax Windfall: Amid dizzying IPOs — they’re up and they’re down! According to The Wall Street Journal , state tax coffers will swell by $13.8 community shopping centers hit 10.2

Payments 117

Payments social media Taxes Chicago 117

PYMNTS

JANUARY 1, 2021

You hear a lot about the new normal and stuff like that, but I really see it as banking at the speed of life,” said CarrieAnne Cormier , senior vice president of Retail Operations and Strategy at Avidia. There was another inconspicuous but remarkable dimension to these trends, however.

Trends 259

Trends Video Retail Payments 259

FICO

JANUARY 19, 2022

This extends to an operational level, at which account-based operations are segmented from transaction-based monitoring; if first-party fraud is suspected, it must be addressed separately from standard third-party suspicious fraud transaction verification queues. Credit card fraud was the FTC’s second most-reported fraud type in 2019.

Fraud 52

Fraud Cards Report Analytics 52

CB Insights

JUNE 14, 2018

These companies are advancing a variety of construction methods to build ambitious development projects that reimagine everything from the wood used in homes to the ways we think about private vs. communal space. Several startups are already operating in this space; however, so far they’ve had only fledging success.

Seattle 56

Seattle Capital Industry New York 56

PYMNTS

DECEMBER 12, 2018

The American Bankers Association has stated that “we believe the time has come for Congress and the regulatory agencies to provide greater legal clarity to banks operating in states where cannabis has been legalized for medical or adult use.”. There will be some attention, of course, on how cannabis firms can access banks.

Company 170

Company Taxes Compliance Industry 170

PYMNTS

DECEMBER 11, 2019

This law, while enormously beneficial to public and environmental health, meant that many independent truck drivers would have to cease operating if they could not afford to retrofit or replace their trucks,” Urrutia noted. is created in the economy in the form of new wages, new spending and additional tax revenue.

California 131

California District of Columbia Lending Taxes 131

PYMNTS

SEPTEMBER 27, 2019

Even say in a dispensary that is legally operating under state law. It is also the only tool that they can use for paying their staff, contractors, bills and taxes because they can’t get banking service. Plus, though it is mentioned less frequently, cash industries are notoriously hard to tax. The Proponent’s Pitch .

Taxes 151

Taxes Compliance District of Columbia Industry 151

PYMNTS

FEBRUARY 14, 2019

The hearing itself was a small victory for proponents who wish to open up the banking system to legal pot operators. That’s because it marked the first hearing dedicated to a proposed bill in Congress that would offer financial institutions protections against federal regulators when dealing with legal cannabis operations.

Oregon 230

Oregon Colorado Operations Washington 230

PYMNTS

FEBRUARY 13, 2019

The hearing itself was a small victory for proponents who wish to open up the banking system to legal pot operators. That’s because it marked the first hearing dedicated to a proposed bill in Congress that would offer financial institutions protections against federal regulators if dealing with legal cannabis operations. Cash Dangers.

Oregon 115

Oregon Colorado Operations Washington 115