ATM

Isabella Bank Corporation Announces Fourth Quarter and 2023 Earnings

Retrieved on: 
Saturday, February 17, 2024

MT. PLEASANT, Mich., Feb. 16, 2024 /PRNewswire/ -- Isabella Bank Corporation (the "Corporation") (OTCQX: ISBA) reported fourth quarter and year-end 2023 earnings, demonstrating resilience during a year buffeted by rising interest rates on deposit accounts.  Net income for the fourth quarter was $3.8 million and $18.2 million for the year ended December 31, 2023.  Earnings per common share were $0.51 in the fourth quarter and $2.42 for the year.

Key Points: 
  • PLEASANT, Mich., Feb. 16, 2024 /PRNewswire/ -- Isabella Bank Corporation (the "Corporation") (OTCQX: ISBA) reported fourth quarter and year-end 2023 earnings, demonstrating resilience during a year buffeted by rising interest rates on deposit accounts.
  • Net interest income, fourth quarter 2023: Net interest income for the fourth quarter 2023 declined $2.7 million, or 16%, compared to the fourth quarter of 2022.
  • Noninterest income and expenses, fourth quarter 2023: Noninterest income increased $244,000 compared to the fourth quarter of 2022, primarily driven by wealth management fees and ATM and debit card income.
  • Dividend: The Corporation paid a $0.28 per common share cash dividend for the fourth quarter of 2023.

SurgePays Taps Derron Winfrey as Vice President

Retrieved on: 
Friday, February 16, 2024

BARTLETT, Tenn., Feb. 16, 2024 (GLOBE NEWSWIRE) -- SurgePays, Inc. (Nasdaq: SURG) (“SurgePays” or the “Company”), a technology and telecommunications company focused on the underbanked and underserved communities, announced today the appointment of Fintech and prepaid industry veteran Derron Winfrey as vice president, business development of the Company.

Key Points: 
  • BARTLETT, Tenn., Feb. 16, 2024 (GLOBE NEWSWIRE) -- SurgePays, Inc. (Nasdaq: SURG) (“SurgePays” or the “Company”), a technology and telecommunications company focused on the underbanked and underserved communities, announced today the appointment of Fintech and prepaid industry veteran Derron Winfrey as vice president, business development of the Company.
  • Upon joining SurgePays, he became president of SurgePays' prepaid division and has been serving in various business development and advisory roles.
  • In his new position, Mr. Winfrey will work with SurgePays President Jeremy Gies to help drive innovation by discovering, developing, and implementing new fintech products and services.
  • "Derron helped build the foundation of SurgePays' prepaid business," said Jeremy Gies, president of SurgePays.

AlgoSec Achieves Outperformer Status in GigaOm’s Cloud Network Security Radar Report

Retrieved on: 
Thursday, February 15, 2024

RIDGEFIELD PARK, N.J., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Global cybersecurity leader AlgoSec has been named a Market Outperformer in GigaOm’s first cloud network security Radar Report, recognizing its position at the forefront of Cloud security innovation.

Key Points: 
  • RIDGEFIELD PARK, N.J., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Global cybersecurity leader AlgoSec has been named a Market Outperformer in GigaOm’s first cloud network security Radar Report, recognizing its position at the forefront of Cloud security innovation.
  • The GigaOm Radar report highlights key cloud network security vendors to equip IT decision-makers with the information they need to select the best fit for their business.
  • In the report, Andrew Green, IT writer and practitioner, acknowledged several of AlgoSec’s distinguishing capabilities including Automation and Security Policy Management: "AlgoSec automates application connectivity and security policy across the hybrid network estate including public cloud, private cloud, containers, and on-premises networks."
  • Comprehensive Solution Suite: "AlgoSec delivers cloud network security solutions via its Firewall Analyzer, FireFlow, and AlgoSec Cloud products.

AITX’s RAD Announces ATM Hook & Chain Attack AI Analytic

Retrieved on: 
Thursday, February 15, 2024

Detroit, Michigan, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Robotic Assistance Devices (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc. (the “Company”) (OTCPK:AITX), today announced a significant addition to its suite of AI analytics. This innovation equips RAD's robotic security solutions with the capability to detect the rampant threat of Hook & Chain ATM attacks plaguing the banking industry. A Hook and Chain attack involves attaching one end of a chain or cable to an ATM and using a vehicle to exert force on the machine, usually by pulling the chain with the vehicle, with the objective of forcefully open the ATM's safe doors, allowing thieves to access the cash inside. With this development, RAD continues to lead the charge in providing cutting-edge security solutions tailored to meet the evolving challenges faced by financial institutions and other enterprise clients.

Key Points: 
  • This innovation equips RAD's robotic security solutions with the capability to detect the rampant threat of Hook & Chain ATM attacks plaguing the banking industry.
  • Hook and chain attacks were the leading ATM crime, in which thieves steal the cash from an ATM machine and cause extensive property damage, sometimes with loss and damages approaching $500K per incident.
  • Mark Folmer, CPP, PSP, FSyI, President of RAD, added, “The Hook & Chain analytic was requested during discussions with a leading national bank with over 1000 branches.
  • We currently have highly satisfied banking clients who are eager to implement the ATM attack detection analytic.

McCune Law Group Files Class Action Lawsuit Challenging AAA Mass Arbitration Rules

Retrieved on: 
Thursday, February 15, 2024

ONTARIO, Calif., Feb. 15, 2024 /PRNewswire/ -- On February 8, 2024, McCune Law Group (MLG), a national consumer firm dedicated to upholding consumer rights, filed a class action lawsuit alleging that consumers were misled by Wells Fargo's overdraft fee policies and that the American Arbitration Association (AAA) has allowed Wells Fargo to evade accountability.

Key Points: 
  • The lawsuit alleges Wells Fargo violated Regulation E by charging consumers overdraft fees on one-time debit card and ATM transactions without proper disclosures and procedures.
  • MLG's class action lawsuit against Wells Fargo highlights an apparent unfair advantage for Wells Fargo, which has faced many lawsuits in previous years for allegedly unreasonable or unlawful practices.
  • "This class action lawsuit against Wells Fargo highlights the importance of financial institutions adhering to regulations designed to protect consumers," states Emily J. Kirk , the MLG's Financial Services Practice Group Leader.
  • To obtain comments from Richard McCune or Emily Kirk regarding this case matter, contact McCune Law Group's Public Relations department at [email protected] .

Clip to Showcase Next-Gen ATM Solution with Strategic Partner NCR Atleos at 2024 ATMIA Conference in Las Vegas

Retrieved on: 
Thursday, February 15, 2024

This year's conference marks a significant 25th anniversary, celebrating education, advocacy, and networking within the ATM industry.

Key Points: 
  • This year's conference marks a significant 25th anniversary, celebrating education, advocacy, and networking within the ATM industry.
  • Aligned with the conference's "Next-Gen ATMs" initiative, Clip will showcase its pioneering business cash deposit solution in the event exhibition booth of valued partner NCR Atleos , a leader in expanding financial access for financial institutions, retailers and consumers.
  • This strategic partnership propels Clip's market expansion while bolstering cash management offerings from NCR Atleos for issuers and merchants.
  • NCR Atleos, as owner and operator of the world’s largest independent ATM network , has partnered with Clip to incorporate business cash deposits into thousands of existing NCR Atleos cash-deposit ATMs in Q1 2024.

Piero Cipollone: Preserving people’s freedom to use a public means of payment: insights into the digital euro preparation phase

Retrieved on: 
Thursday, February 15, 2024

Our approach relies on a term structure model of traded headline inflation-linked swap rates, which we assume span core inflation.

Key Points: 
  • Our approach relies on a term structure model of traded headline inflation-linked swap rates, which we assume span core inflation.
  • The model provides estimates of market-based expectations for core inflation, as well as core inflation risk premia, at daily frequency, whereas core inflation expectations from surveys or macroeconomic projections are typically only available monthly or quarterly.

FCPT Announces Fourth Quarter 2023 Financial and Operating Results

Retrieved on: 
Wednesday, February 14, 2024

Four Corners Property Trust, Inc. (“FCPT” or the “Company”, NYSE: FCPT) today announced financial results for the three months and twelve months ended December 31, 2023.

Key Points: 
  • Four Corners Property Trust, Inc. (“FCPT” or the “Company”, NYSE: FCPT) today announced financial results for the three months and twelve months ended December 31, 2023.
  • NAREIT-defined FFO per diluted share for the fourth quarter was $0.41, representing a $0.01 increase compared to the same quarter in 2022.
  • FCPT declared a dividend of $0.345 per common share for the fourth quarter of 2023.
  • During the fourth quarter, FCPT sold one property for sales price of $3.8 million representing $0.3 million of gain.

NETSTREIT Reports Fourth Quarter and Full Year 2023 Financial and Operating Results

Retrieved on: 
Wednesday, February 14, 2024

Reflects 5,983,711 of unsettled forward equity shares under the ATM program at the December 31, 2023 available net settlement price of $16.48.

Key Points: 
  • Reflects 5,983,711 of unsettled forward equity shares under the ATM program at the December 31, 2023 available net settlement price of $16.48.
  • On February 13, 2024, the Company’s Board of Directors declared a quarterly cash dividend of $0.205 per share for the first quarter of 2024.
  • The Company is reaffirming its initial full year 2024 AFFO per share guidance in the range of $1.24 to $1.28.
  • During the conference call the Company’s officers will review fourth quarter and full year 2023 performance, discuss recent events, and conduct a question and answer period.

Getty Realty Corp. Announces Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Wednesday, February 14, 2024

During the quarter ended December 31, 2023, the Company invested $61.8 million, including:

Key Points: 
  • During the quarter ended December 31, 2023, the Company invested $61.8 million, including:
    The acquisition of 16 properties for $31.1 million (net of prior period development funding advances $20.2 million).
  • Incremental development funding of $24.5 million for the construction of 20 new-to-industry express tunnel car washes and auto service centers.
  • Getty Realty Corp. will host a conference call and webcast on Thursday, February 15, 2024 at 8:30 a.m. EST.
  • Participants may also access the call via live webcast by visiting the investors section of the Company's website at ir.gettyrealty.com.