The U.K.’s Competition Appeal Tribunal announced its judgment Tuesday (May 20) in a long-running class action lawsuit that was brought against Mastercard over its swipe fees.The judgment determines the distribution of the settlement of 200 million pounds that was announced in February, the Competition Appeal Tribunal said in a summary of the judgment.It approves the settlement sought by the class representative, Walter Merricks, and Mastercard, according to the summary.The funder of Merricks’ lawsuit, Innsw ...

Summary of WEX FY Conference Call (May 20, 2025) Company Overview - **Company**: WEX Inc. - **Industry**: Mobility and Corporate Payments Key Points Mobility Segment - **Tariff Impact**: The Over the Road (OTR) segment, which constitutes about one-third of the Mobility business, experienced strong volumes initially in Q1, but saw a softening towards the end of April due to tariff discussions and Easter-related disruptions [2][3] - **Domestic vs. Import Freight**: Approximately 90% of trucking in the U.S. involves domestically produced goods, with only 10% related to imports. This indicates a limited impact from import-related freight on overall volumes [4][5] - **Volume Increase**: A 50 basis point increase in volumes was estimated from Q4 to Q1 due to demand pull forward [4][5] - **Freight Pricing Correlation**: There is a loose correlation between freight prices and WEX's performance, particularly with spot rates reflecting real-time shipment needs [6][9] Credit Management - **Dynamic Credit Box**: WEX has invested in data analytics and machine learning to manage its credit box dynamically, allowing for adjustments based on customer spending patterns and delinquencies [10][11] - **Credit Losses**: Credit losses improved to 12 basis points in Q1, down from 15 basis points in the previous year, indicating effective credit management [12][13] - **Recession Preparedness**: The company has conducted scenario modeling for potential recession impacts and feels well-prepared to manage credit losses [17][18] Electric Vehicle (EV) Transition - **Market Readiness**: WEX has developed solutions for the EV transition, including on-route charging and home charging solutions, but adoption in commercial fleets is slow due to complexity and varied use cases [21][24] International Opportunities - **Global Expansion**: WEX sees potential for international growth, particularly in Europe and Australia, but prioritizes investments based on the highest return opportunities [26][28] Corporate Payments Segment - **Travel and Non-Travel Business**: The travel segment is undergoing a contract migration, which has temporarily affected revenue, but volumes remain strong. The non-travel segment is slower growing, but investments in embedded and direct business are yielding positive results [29][31] - **Volume Growth**: The direct business saw a 25% volume growth in both Q1 and Q4, reflecting successful investments [33] Competitive Landscape - **Infrastructure Advantage**: WEX's established infrastructure for servicing complex travel needs provides a competitive edge over new entrants who lack similar capabilities [40][41] - **Market Position**: WEX has captured market share due to its scale and ability to meet sophisticated client needs across multiple geographies [48] Financial Sensitivity to Interest Rates - **Revenue Impact**: A 100 basis point change in interest rates could impact revenue by approximately $40 million, primarily affecting the mobility and HSA segments [54][55] - **EPS Sensitivity**: Higher interest rates could negatively impact EPS due to corporate debt, despite benefiting revenue [56] Capital Allocation Strategy - **Leverage Management**: WEX is focused on reducing leverage to historical levels and is not currently pursuing M&A opportunities [63][64] Additional Insights - **SaaS Accounts Growth**: A 6% increase in SaaS accounts was noted, driven by a successful open enrollment season [49][50] - **HSA Market Trends**: The HSA market continues to grow, supported by regulatory advocacy and employer interest, despite a slowdown in account growth rates [51][52] This summary encapsulates the key insights and data points from the WEX FY Conference Call, highlighting the company's performance, strategic initiatives, and market dynamics.

Berkshire Hathaway owns dozens of stocks in its huge $288 billion portfolio. There's one tiny position that the Warren Buffett-led conglomerate owns that has generated a total return of 13,690% since its initial public offering in May 2006. Investors might want to learn what this business is.As of May 14, this financial stock is up 9% in 2025. At the same time, the S&P 500 index is little changed. Is it time to add this Buffett holding to your own portfolio and keep it for the next two decades? Business as ...

Forward-looking statements This presentation may contain forward-looking statements. These forward-looking statements convey dLocal's current expectations or forecasts of future events, including guidance in respect of total payment volume, revenue, gross profit and Adjusted EBITDA. Forward-looking statements regarding dLocal and amounts stated as guidance involve known and unknown risks, uncertainties and other factors that may cause dLocal's actual results, performance or achievements to be materially dif ...

Paymentus (PAY) FY Conference May 13, 2025 04:30 PM ET Speaker0 Alright. Let's get started. My name is Tien Tsin Huang. I follow payments and IT services at JPMorgan, and this is the Paymentus fireside chat. We're happy to take questions at the end and also through the through the portal. But thank you to the Paymentus team for being here. Dushant Sharma, CEO Sanjay Kahara, CFO. Again, thank you both for for being here. I I always say like, Dushant, what you founded Paymentus of what, 02/2004, is that what ...

Core Insights - The international operations of Global Payments (GPN) are crucial for assessing its financial resilience and growth prospects, especially in a tightly interconnected global economy [1][2][3] Revenue Performance - GPN's total revenue for the quarter was $2.2 billion, reflecting a 1% year-over-year increase [4] - Europe generated $398.85 million, accounting for 18.09% of total revenue, slightly below the consensus estimate of $399.04 million [5] - Asia Pacific contributed $64.46 million, or 2.92% of total revenue, exceeding expectations by 7.27% [6] Future Revenue Forecasts - Analysts predict GPN will report total revenue of $2.35 billion for the current fiscal quarter, a 1.1% increase from the previous year, with Europe expected to contribute 18.6% and Asia Pacific 2.7% [7] - For the full year, total revenue is anticipated to reach $9.29 billion, a 1.5% increase, with Europe and Asia Pacific expected to contribute 18.7% and 2.8% respectively [8] Strategic Considerations - GPN's reliance on international markets presents both opportunities and challenges, making it essential to monitor international revenue trends for future projections [9][10]

Paysafe (PSFE) Q1 2025 Earnings Call May 13, 2025 08:30 AM ET Company Participants Trevor Williams - Managing DirectorKirsten Nielsen - Head, Investor RelationsBruce Lowthers - CEO & Executive DirectorJohn Crawford - Chief Financial OfficerDarrin Peller - Managing DirectorTimothy Chiodo - Managing DirectorMatthew Inglis - Equity Research Senior Associate Conference Call Participants Andrew Harte - Director & FinTech AnalystJamie Friedman - Senior FinTech and IT Services Research Analyst Operator Greetings. ...

First Quarter 2025 Earnings Supplement May 13, 2025 1 Important Disclosure 2 2 • This presentation is intended to provide general information only and is not, and should not be considered, as an offer to purchase or sell the Company's securities, or a proposal to receive such offers. In addition, this presentation is not an offer to the public of the Company's securities. By attending or viewing this presentation, each attendee ("Attendee") agrees that he or she (i) has read this disclaimer, (ii) is bound b ...

The partnership supports seamless, secure payments through Quadient’s AR and AP solutions for businesses across North America, the UK and Europe Quadient (Euronext Paris: QDT), a global automation platform powering secure and sustainable business connections, and Nuvei, a leading global payments company, today announced a strategic technology partnership to enhance cloud payment capabilities for businesses globally. Through this partnership, Nuvei’s advanced payment processing technology is now integrated i ...

On July 11, 2019, Thunder Bridge Acquisition Ltd. ("Thunder Bridge") and Hawk Parent Holdings LLC ("Hawk Parent") completed their previously announced business combination under which Thunder Bridge acquired Hawk Parent, upon which Thunder Bridge changed its name to Repay Holdings Corporation. Forward-Looking Statements This presentation (the "Presentation") contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not ...