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PAR Technology Corporation Releases Conference Call Information for Fiscal 2025 Second Quarter Financial Results

PAR Technology Corporation Releases Conference Call Information for Fiscal 2025 Second Quarter Financial Results

Business Wire14 hours ago
NEW HARTFORD, N.Y.--(BUSINESS WIRE)--PAR Technology Corporation (NYSE: PAR) today announced that it will report its second quarter financial results on Friday, August 8, 2025. The results are scheduled to be released at 7:30 a.m. ET, followed by an investor presentation and conference call at 9:00 a.m. ET.
The earnings conference call will be webcast live. To access the webcast, please visit the PAR Technology Investor Relations website at http://www.partech.com/investor-relations/. A recording of the webcast will be available on this site after the event.
PAR Technology looks forward to your participation in this conference call. Please call Tiffani Temple at 315-738-0600 x 6325 with any questions.
About PAR® Technology
PAR Technology Corporation (NYSE: PAR) is a leading foodservice technology provider, powering a unified, purpose-built platform engineered to scale and adapt with brands at every stage of growth. Designed with flexibility and openness at its core, PAR's solutions—spanning point-of-sale, digital ordering, loyalty, back-office, payments, and hardware—integrate with others, yet deliver maximum impact as a unified system. With intentional innovation at the forefront, PAR's solutions streamline operations, drive higher engagement, and strengthen guest experiences in over 130,000 restaurants globally and 26,000 national c-store retailers. To learn more, visit partech.com or connect with us on social media.
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UnionBank Onboarded 50,000 Customers a Month at Peak with 5-Minute Approvals Using FICO Platform
UnionBank Onboarded 50,000 Customers a Month at Peak with 5-Minute Approvals Using FICO Platform

Business Wire

timea few seconds ago

  • Business Wire

UnionBank Onboarded 50,000 Customers a Month at Peak with 5-Minute Approvals Using FICO Platform

MANILA, Philippines--(BUSINESS WIRE)-- FICO (NYSE: FICO): UnionBank deployed FICO® Platform in just nine months, enabling 80% straight-through processing and onboarding 50,000 credit card and loan accounts per month at peak — all in just 5–15 minutes. Highlights: UnionBank implemented FICO® Platform in just nine months, enabling seamless integration with Citibank's systems Over 1 million customers transferred as part of UnionBank's $700 million acquisition of Citibank's consumer banking business in the Philippines More than 80% of credit card and personal loan applications are now processed straight-through, reducing onboarding time to 5–15 minutes Record-breaking account bookings of 50,000 new credit card and loan accounts per month at peak UnionBank won a 2025 FICO® Decision Award for Customer Onboarding and Management Union Bank of the Philippines (UnionBank), one of the country's most innovative banks, has transformed its customer onboarding and credit decisioning process using FICO® Platform. Following its US$700 million acquisition of Citibank's local consumer banking business in 2022, which transferred approximately 1 million customers, UnionBank deployed FICO Platform to seamlessly integrate Citibank's IT systems and launch its Credit Decision Engine (CDE). This transformation has enabled the bank to process more than 80% of applications straight-through, reducing onboarding times to just 5–15 minutes and expanding credit access to underserved populations. This achievement underscores UnionBank's commitment to advancing financial inclusion in the Philippines, where high digital penetration provides a unique opportunity to address the needs of the underbanked. The rapid deployment of FICO Platform in just nine months highlights UnionBank's agility and ability to balance customer experience with operational efficiency. 'FICO Platform has been instrumental in helping us integrate Citibank's systems while improving operational efficiency and customer experience,' said Manoj Varma, consumer banking head at UnionBank. 'As a result, we have achieved record-breaking growth while expanding financial inclusion across the Philippines.' Watch UnionBank tell their story on video: Expanding Financial Inclusion In the Philippines, financial institutions face significant challenges in serving the underbanked population, which includes many gig workers and consumers with thin or no credit histories. Limited availability of credit information has traditionally slowed onboarding processes and excluded large segments of the population from accessing credit. However, the country's high digital adoption and geographic spread make it an ideal environment for innovative, branchless banking solutions. UnionBank's Credit Decision Engine, powered by FICO Platform, was designed to address these challenges. By leveraging advanced analytics and alternative data, the Credit Decision Engine has enabled UnionBank to score and assess customers who were previously underserved. This includes integrating bureau data and new methods for evaluating creditworthiness, allowing UnionBank to create comprehensive customer profiles and expand credit opportunities, while effectively managing risk. The Credit Decision Engine also incorporates risk-based verification strategies to accelerate approvals for low-risk applicants, while maintaining rigorous checks for higher-risk segments. This tailored approach ensures that credit is granted responsibly, while reducing manual interventions, speeding up the process, and enhancing customer satisfaction. These innovations align with UnionBank's mission to make financial services more accessible across the Philippines' archipelago. 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Bakkt Announces Pricing of $75 Million Public Offering
Bakkt Announces Pricing of $75 Million Public Offering

Business Wire

time31 minutes ago

  • Business Wire

Bakkt Announces Pricing of $75 Million Public Offering

ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. ('Bakkt' or the 'Company') (NYSE: BKKT) today announced the pricing of its previously announced underwritten public offering of 6,753,627 shares of Class A common stock and pre-funded warrants to purchase up to 746,373 shares of Class A common stock at a public offering price of $10.00 per share and public offering price of $9.9999 per pre-funded warrant, which represents the per share public offering price of each share of Class A common stock less the $0.0001 per share exercise price for each pre-funded warrant. The offering is expected to close on or around July 30, 2025, subject to customary closing conditions. The gross proceeds from the offering, before deducting underwriter discounts and commissions and other estimated offering expenses, are expected to be approximately $75 million. Bakkt intends to use the net proceeds from the offering to purchase Bitcoin and other digital assets in accordance with its investment policy, for working capital and for general corporate purposes. Bakkt has granted the underwriters a 30-day option to purchase up to an additional 1,125,000 shares of Class A common stock and/or pre-funded warrants at the public offering price, less underwriting discounts and commissions. Clear Street LLC and Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC, are acting as joint book-running managers of the offering. The offering is being made pursuant to a shelf registration statement on Form S-3 (File No. 333-288361) declared effective by the Securities and Exchange Commission (the 'SEC') on July 3, 2025. A final prospectus supplement relating to the offering will be filed with the Securities and Exchange Commission, together with an accompanying base prospectus. The securities may be offered only by means of a written prospectus forming a part of the effective registration statement. Copies of the final prospectus supplement relating to the offering, together with the accompanying base prospectus, may be obtained, when available, from the SEC's website at from Clear Street LLC, Attention: Syndicate, 4 World Trade Center 150 Greenwich St Floor 45 New York, NY 10007, or by email at syndicate@ and from Cohen & Company Capital Markets, Attention: Prospectus Department, 3 Columbus Cir, New York, NY 10019, or by email at capitalmarkets@ This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein. Bakkt will not, and has been advised by the joint book-running managers that they and their affiliates will not, sell any of these securities in any state or other jurisdiction in which such offer, solicitation, or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction. About Bakkt Founded in 2018, Bakkt builds solutions that enable our clients to grow with the crypto economy. Through institutional-grade trading and onramp capabilities, our clients leverage technology that's built for sustainable, long-term involvement in crypto. Bakkt is headquartered in Alpharetta, GA. For more information, visit: | @Bakkt | LinkedIn Bakkt-C Cautionary Note Regarding Forward-Looking Statements This release contains 'forward-looking statements' within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities and Exchange Act of 1934, as amended. Such statements include, but are not limited to, statements regarding the offering. Forward-looking statements can be identified by words such as 'will,' 'likely,' 'expect,' 'continue,' 'anticipate,' 'estimate,' 'believe,' 'intend,' 'plan,' 'projection,' 'outlook,' 'grow,' 'progress,' 'potential' or the negative of such terms or other variations thereof and words and terms of similar substance used in connection with any discussion of future plans, actions, or events identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. Such forward-looking statements are based upon the current beliefs and expectations of the Company's management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and beyond the Company's control. Actual results and the timing of events may differ materially from the results anticipated in such forward-looking statements as a result of the following factors, among others: the Company's ability to continue as a going concern; the Company's ability to grow and manage growth profitably; the possibility that the Company may be unable to obtain the applicable regulatory approvals to execute on the cooperation agreement with Distributed Technologies Research Global Ltd. ('DTR'); finalizing the proposed commercial agreement with DTR, including whether such agreement will be executed on terms favorable to the Company or if at all, or be completed on the expected timeline, and whether the Company will be able to successfully integrate its operations with those of DTR, including its infrastructure, and achieve the expected benefits therefrom; the regulatory environment for crypto currencies and digital stablecoin payments; changes in the Company's business strategy, including its adoption of its updated investment policy ('Investment Policy') as described in the Company's Current Report on Form 8-K, filed with the U.S. Securities and Exchange Commission (the 'SEC') on June 10, 2025 (the 'June 10, 2025 8-K'); the price of digital assets, including Bitcoin; risks associated with owning digital assets, including Bitcoin, including price volatility, limited liquidity and trading volumes, relative anonymity, potential widespread susceptibility to market abuse and manipulation, compliance and internal control failures at exchanges and other risks inherent in its entirely electronic, virtual, form and decentralized network; the fluctuation of the Company's operating results, including because the Company may be required to account for its digital assets at fair value; the Company's ability to time the price of its purchase of digital assets pursuant to its strategy; the impact of the market value of digital assets on the Company's ability to satisfy its financial obligations, including any debt financings; unrealized fair value gains on its digital asset holdings subjecting the Company to the corporate alternative minimum tax; legal, commercial, regulatory and technical uncertainty regarding digital assets and enhanced regulatory oversight of companies holding digital assets including the possibility that regulators reclassify any digital assets the Company holds, including Bitcoin, as a security causing the Company to be in violation of securities laws and be classified as an 'investment company' under the Investment Company Act of 1940; competition by other Bitcoin treasury companies and the availability of spot-traded products for Bitcoin; enhanced regulatory oversight as a result of the Company's Investment Policy; the possibility of experiencing greater fraud, security failures or operational problems on digital asset trading venues compared to trading venues for more established asset classes, and any malfunction, breakdown or abandonment of the underlying blockchain protocols, or other technological difficulties, may prevent access to or use of such digital assets; the concentration of the Company's expected digital asset holdings relative to non-digital assets; the inability to use the Company's digital asset holdings as a source of liquidity to the same extent as cash and cash equivalents, due to, for example, risks associated with digital assets and other risks inherent to its entirely electronic, virtual form and decentralized network; the Company or a third-party service provider experiencing a security breach or cyber-attack where unauthorized parties obtain access to its digital assets; the loss of access to or theft or data loss of the Company's digital assets, which could be unrecoverable due to the immutable nature of blockchain transactions; 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2Q25 Results: Telefonica Brasil S.A.
2Q25 Results: Telefonica Brasil S.A.

Associated Press

time32 minutes ago

  • Associated Press

2Q25 Results: Telefonica Brasil S.A.

Sao Paulo, Brazil--(Newsfile Corp. - July 28, 2025) - Telefônica Brasil (B3: VIVT3) (NYSE: VIV) announces its results for 2Q25. Strong operating performance led to robust Revenue, EBITDA and Net Income growth. 1 - Other Revenues include Fixed Voice, xDSL, FTTC and IPTV. 2 - AL means After Leases. 3 - Net Income attributable to Telefônica Brasil. 4 - Earnings per Share (EPS) calculated based on net income attributable to Telefônica Brasil divided by the weighted average of outstanding shares in the period. EPS for 2024 was calculated considering the effects of the Split and Reverse Stock Split effective on April 15, 2025. 5 - Does not include amounts related to IFRS 16 effects. 6 - Operating Cash Flow is equivalent to EBITDA less Capex ex-IFRS 16. 7 - AL Operating Cash Flow is equivalent to EBITDA After Leases less Capex ex-IFRS 16. Net revenue expanded by +7.1% YoY, driven by a strong performance on postpaid (+10.6% YoY) and fiber (+10.4% YoY) revenues. Postpaid's performance is supported by the increase in the customer base (+7.0% YoY), that ended the quarter with 68.5 million accesses due to significant migrations and the acquisition of new customers. Additionally, the impact of annual price adjustments contributed to the +5.1% YoY increase in mobile ARPU, that reached the highest value in the Company's history, R$31.1. Fixed revenue increased +8.0% YoY, supported by strong growth in FTTH (+10.4% YoY) and Corporate Data, ICT, and Digital Services revenues (+20.7% YoY) in 2Q25. Our FTTH network reached 30.1 million homes passed (+10.2% YoY), with 7.4 million homes connected (+12.6% YoY). EBITDA grew by +8.8% YoY, with a margin of 40.5%, an increase of +0.6 p.p. in the annual comparison. EBITDA AL expanded by +9.3% YoY, with a margin of 31.5% (+0.6 p.p. YoY). In 2Q25, Capex totaled R$2,439 million, an increase of +4.2% YoY, representing 16.7% of revenues (-0.5 p.p. YoY), reflecting the reduction in Capex intensity over net revenue. Investments were mainly directed to the strengthening of our 5G network, which is already present in 596 cities (+2.6x YoY), covering 64% of the Brazilian population, and expanding our fiber operation, with consistent growth in homes passed (+10.2% YoY). Operating Cash Flow totaled R$3,494 million (+12.2% YoY), with a margin of 23.9% (+1.1 p.p. YoY) over net revenue. Net income attributed to Telefônica Brasil reached R$1,344 million in the quarter, an increase of +10.0% YoY. The remuneration paid to shareholders totaled R$5,233 million by the end of July 2025. Recently, on July 15, 2025, we paid R$2,000 million related to the second capital reduction event. The Company has just deliberated an additional R$330 million in interest on equity, totaling R$1.7 billion to be paid until April 30, 2026. We committed to distribute to our shareholders an amount equal to or greater than 100% of net income for each fiscal year from 2024 to 2026. As a reminder, in 2024, we met the guidance, with a payout of 105.3%. TELEFÔNICA BRASIL - Investor Relations [email protected] To download the complete version of the Company's earnings release, please visit our website: To view the source version of this press release, please visit

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