Debit and Credit

CPI Card Group Inc. Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Thursday, March 7, 2024
Online Retail, Data Management, Retail, Communications, Technology, Software, Public Relations, Investor Relations, Senior, Debit and Credit, Note, Telephone, Share repurchase, Visa, Growth, Loss, Nature, Debt-to-GDP ratio, Adjustment, PMTS, GAAP, CPI, Public expenditure, Tax, LTM, ABL, Credit, Environment, Depreciation

As anticipated, fourth quarter sales were similar to third quarter levels as customers generally remained cautious with spending and continued their focus on managing inventory levels.

Key Points: 
  • As anticipated, fourth quarter sales were similar to third quarter levels as customers generally remained cautious with spending and continued their focus on managing inventory levels.
  • “Fourth quarter business trends were largely in-line with expectations, as customers continued to prioritize managing inventory levels,” said John Lowe, President and Chief Executive Officer.
  • Fourth quarter gross profit decreased 25% to $35.4 million and gross profit margin was 34.4%, which compared to 37.6% in the prior year fourth quarter.
  • CPI Card Group Inc. will hold a conference call on March 7, 2024 at 9:00 a.m. Eastern Time (ET) to review its fourth quarter and full year 2023 results.

CPI Card Group Inc. Reports Third Quarter 2023 Results

Retrieved on: 
Tuesday, November 7, 2023
Data Management, Technology, Professional Services, Payments, Digital Cash Management, Digital Assets, Apps, Applications, Networks, Internet, Fintech, Mobile, Wireless, Finance, Adjustment, Loss, Tax, Public expenditure, Debit and Credit, EBITDA, Telephone, Visa, Share repurchase, GAAP, Scott Scheirman, PMTS, Software, CPI, Senior, Nature, LTM, Growth, Credit, Borrowing base, Depreciation, ABL, Payment card, Pharmaceutical industry, Video game, Financial services, Cryptocurrency, Online shopping, Bookkeeping, Bank, Music

CPI Card Group Inc. (Nasdaq: PMTS) (“CPI” or the “Company”), a payment technology company and leading provider of credit, debit, and prepaid solutions, today reported financial results for the third quarter ended September 30, 2023 and updated its financial outlook for 2023.

Key Points: 
  • CPI Card Group Inc. (Nasdaq: PMTS) (“CPI” or the “Company”), a payment technology company and leading provider of credit, debit, and prepaid solutions, today reported financial results for the third quarter ended September 30, 2023 and updated its financial outlook for 2023.
  • The Company believes long-term growth trends for the U.S. card market remain strong, led by consumer card growth, widespread adoption of eco-focused cards and the ongoing conversion to contactless cards.
  • Net sales decreased 15% year-over-year to $105.9 million in the third quarter of 2023.
  • “We are managing operating expenses tightly as we deal with the softer customer demand in 2023,” said Jeff Hochstadt, Chief Financial Officer of CPI.

Driving Impact Innovation: Optty achieves B Corp Certification, Global evolution of Payments Technology, and Mastercard "Priceless Planet" Coalition Alliance

Retrieved on: 
Wednesday, August 16, 2023
Social responsibility, Heart, Organic, Fintech, Digital wallet, API, GHG, Carbon, Debit and Credit, Climate change, Mastercard, ESG, Credit, B Corporation (certification), Tutoring, Online shopping, Cryptocurrency

B Corp certification is awarded to companies meeting the highest standards of social and environmental impact.

Key Points: 
  • B Corp certification is awarded to companies meeting the highest standards of social and environmental impact.
  • Optty joins this elite group with a solid track record of contributions to sustainable development and carbon offset initiatives.
  • Optty has set new benchmarks in the fintech and payments industry, sparking a global trend that prioritises impact as much as profit.
  • To learn more about Optty, its B Corp certification, and its innovative platform, please visit www.optty.com .

Driving Impact Innovation: Optty achieves B Corp Certification, Global evolution of Payments Technology, and Mastercard "Priceless Planet" Coalition Alliance

Retrieved on: 
Wednesday, August 16, 2023
Social responsibility, Heart, Organic, Fintech, Digital wallet, API, GHG, Carbon, Debit and Credit, Climate change, Mastercard, ESG, Credit, B Corporation (certification), Tutoring, Online shopping, Cryptocurrency

B Corp certification is awarded to companies meeting the highest standards of social and environmental impact.

Key Points: 
  • B Corp certification is awarded to companies meeting the highest standards of social and environmental impact.
  • Optty joins this elite group with a solid track record of contributions to sustainable development and carbon offset initiatives.
  • Optty has set new benchmarks in the fintech and payments industry, sparking a global trend that prioritises impact as much as profit.
  • To learn more about Optty, its B Corp certification, and its innovative platform, please visit www.optty.com .

CPI Card Group Inc. Reports Second Quarter 2023 Results

Retrieved on: 
Tuesday, August 8, 2023
Banking, Payments, Professional Services, Technology, Fintech, Borrowing base, Loss, Senior, CPI, Telephone, Tax, Software, GAAP, Scott Scheirman, LTM, EMV, Visa, Public expenditure, Debit and Credit, EBITDA, Retirement, Nature, ABL, Depreciation, Growth, Adjustment, Debits and credits, Credit, PMTS, Payment card, Bank, Online shopping, Financial services, Mobile phone, Film industry, Bookkeeping

CPI Card Group Inc. (Nasdaq: PMTS) (“CPI” or the “Company”), a payment technology company and leading provider of credit, debit, and prepaid solutions, today reported financial results for the second quarter ended June 30, 2023 and updated its financial outlook for 2023.

Key Points: 
  • CPI Card Group Inc. (Nasdaq: PMTS) (“CPI” or the “Company”), a payment technology company and leading provider of credit, debit, and prepaid solutions, today reported financial results for the second quarter ended June 30, 2023 and updated its financial outlook for 2023.
  • Net sales increased 1% year-over-year to $115 million in the second quarter of 2023.
  • Second quarter gross profit increased 1% to $40.8 million and gross profit margin was 35.5%, which compared to 35.8% in the prior year second quarter.
  • CPI Card Group Inc. will hold a conference call on August 8, 2023 at 9:00 a.m. Eastern Time (ET) to review its second quarter results.

Optty partners with Triple-A to expand payment architectures into Cryptocurrencies

Retrieved on: 
Monday, July 31, 2023
Bitcoin, Ethereum, Tether, USD Coin, Money, ACPR, AAA, IVR, Platform as a service, Partnership, ETH, Digital wallet, USDC, BNPL, Monetary Authority of Singapore, Financial Crimes Enforcement Network, Debit and Credit, USDT, BTC, Credit, Cryptocurrency, Online shopping

SINGAPORE, July 31, 2023 /PRNewswire/ -- Optty, the world's first universal payments platform, today announced a new partnership with Triple-A, a licensed crypto payment gateway, to add cryptocurrency as a payment option on the platform. As the central hub connecting and streamlining a robust global network of Buy Now Pay Later (BNPL) providers, this milestone marks the launch of Optty's sixth payment architecture, further expanding viable payment options for merchants and convenience for their end customers.    

Key Points: 
  • Through the collaboration with Triple-A's white label crypto payment gateway, Optty enables retailers and merchants to offer a wide range of payment methods.
  • Triple-A's crypto payment gateway is compatible with all crypto wallets, allowing customers to make hassle-free payments using their preferred wallet.
  • Optty plans to further expand payment architectures to a total of nine by the end of 2023.
  • "We are excited to partner with Optty and bring crypto payments to their merchants," said Eric Barbier, CEO of Triple-A.

Optty partners with Triple-A to expand payment architectures into Cryptocurrencies

Retrieved on: 
Monday, July 31, 2023
Bitcoin, Ethereum, Tether, USD Coin, Money, ACPR, AAA, IVR, Platform as a service, Partnership, ETH, Digital wallet, USDC, BNPL, Monetary Authority of Singapore, Financial Crimes Enforcement Network, Debit and Credit, USDT, BTC, Credit, Cryptocurrency, Online shopping

SINGAPORE, July 30, 2023 /PRNewswire/ -- Optty, the world's first universal payments platform, today announced a new partnership with Triple-A, a licensed crypto payment gateway, to add cryptocurrency as a payment option on the platform. As the central hub connecting and streamlining a robust global network of Buy Now Pay Later (BNPL) providers, this milestone marks the launch of Optty's sixth payment architecture, further expanding viable payment options for merchants and convenience for their end customers.    

Key Points: 
  • Through the collaboration with Triple-A's white label crypto payment gateway, Optty enables retailers and merchants to offer a wide range of payment methods.
  • Triple-A's crypto payment gateway is compatible with all crypto wallets, allowing customers to make hassle-free payments using their preferred wallet.
  • Optty plans to further expand payment architectures to a total of nine by the end of 2023.
  • "We are excited to partner with Optty and bring crypto payments to their merchants," said Eric Barbier, CEO of Triple-A.

CPI Card Group Inc. Reports First Quarter 2023 Results

Retrieved on: 
Tuesday, May 9, 2023
Apps, Applications, Technology, Mobile, Wireless, Payments, Finance, Fintech, Banking, Professional Services, Software, Borrowing base, Prepayment, IBM, University, Senior, CPI, Hochstadt, Telephone, Partner, Senior advisor, Tax, Western Union, Business, Master, GAAP, MSCI, Scott Scheirman, SOX, Washington University in St. Louis, LTM, Master of Business Administration, Public expenditure, Visa, Wharton School of the University of Pennsylvania, Business administration, Debit and Credit, EBITDA, Nature, PwC, Widener University Commonwealth Law School, Growth, ABL, Depreciation, First Data, Free cash flow, Adjustment, Debits and credits, Credit, PMTS, Son, Payment card, Video game, Mobile phone, Financial services, Security (finance), Bank, Management, Bookkeeping, Science

CPI Card Group Inc. (Nasdaq: PMTS) (“CPI” or the “Company”), a payment technology company and leading provider of credit, debit, and prepaid solutions, today reported financial results for the first quarter ended March 31, 2023 and affirmed its financial outlook for 2023.

Key Points: 
  • CPI Card Group Inc. (Nasdaq: PMTS) (“CPI” or the “Company”), a payment technology company and leading provider of credit, debit, and prepaid solutions, today reported financial results for the first quarter ended March 31, 2023 and affirmed its financial outlook for 2023.
  • CPI is a top payment solutions provider in the U.S. serving thousands of banks, credit unions and fintechs.
  • “The first quarter results demonstrate continued progress for CPI, including strong cash flow improvement from our focus on working capital management,” said Amintore Schenkel, Chief Financial Officer of CPI.
  • “We are excited to have Jeff join the CPI team,” said Scott Scheirman, President and Chief Executive Officer of CPI.

CPI Card Group Inc. Reports Fourth Quarter and Full Year 2022 Results

Retrieved on: 
Wednesday, March 8, 2023
Banking, Software, Mobile, Wireless, Networks, Professional Services, Internet, Fintech, Payments, Apps, Applications, Technology, Marketing, Communications, Finance, Adjustment, PMTS, Borrowing base, CPI, Free cash flow, Growth, Debit and Credit, Credit, Public expenditure, Telephone, Debits and credits, ABL, Senior, Cryptocurrency, Bank, Financial services, Mobile phone, Video game

CPI Card Group Inc. (Nasdaq: PMTS) (“CPI” or the “Company”), a payment technology company and leading provider of credit, debit, and prepaid solutions, today reported financial results for the fourth quarter and full year ended December 31, 2022 and provided its initial financial outlook for 2023.

Key Points: 
  • CPI Card Group Inc. (Nasdaq: PMTS) (“CPI” or the “Company”), a payment technology company and leading provider of credit, debit, and prepaid solutions, today reported financial results for the fourth quarter and full year ended December 31, 2022 and provided its initial financial outlook for 2023.
  • Net sales increased 36% year-over-year to $126.4 million in the fourth quarter of 2022.
  • Fourth quarter gross profit increased 54% to $47.5 million and gross profit margin was 37.6%, which compared to 33.2% in the prior year fourth quarter.
  • “We delivered record results in 2022 and further strengthened our financial position,” said Amintore Schenkel, Chief Financial Officer of CPI.

Financial Industry and Payments Veteran Executive Robert Keil Joins Sutton Bank

Retrieved on: 
Thursday, October 21, 2021
Banking, Other Professional Services, Professional Services, Finance, SVP, Technology, Industry, Knowledge, Financial technology, Sutton Bank, Financial services, Independent, VP, Payment, CEO, Growth, Independent Community Bankers of America, Debit and Credit, Bank, Payment card

Sutton Bank announced today that Robert C. Keil has joined the Bank and Sutton Payments as SVP, Chief Payments Officer.

Key Points: 
  • Sutton Bank announced today that Robert C. Keil has joined the Bank and Sutton Payments as SVP, Chief Payments Officer.
  • Robert will provide strategy, direction and growth initiatives to Sutton Banks existing Payments business lines as the Bank continues to expand its products and services to the market.
  • Robert is a proven leader in the Payments and Financial Services industry with over 20 years of management experience.
  • He brings a wealth of experience, contacts and knowledge to Sutton Bank, as we continue to grow and expand in the Fintech payments space, and will provide leadership to Sutton in all aspects of our Prepaid and Payments organization.