Earnings Show Power Of Digital Commerce — And Cash At The ATM

Earnings Show Power Of Digital Commerce

Continuing in the tradition of PYMNTS earnings roundups:

Walmart’s eCommerce efforts, including grocery delivery and pickup options, soared in the fourth quarter of 2018, and online lending picked up for LendingClub, also by double digits. Meanwhile, cash still holds its drawing power, as evidenced by Cardtronics.


  • US eCommerce sales were up 43 percent in 4Q, measured year over year
  • Same-store sales were up 4.2 percent in the U.S.; Street had seen 3.2 percent
  • eCommerce offered up 180 basis points of same-store sales growth
  • Online grocery spans 800 stores
  • International sales were up 2.7 percent year on year to $32.3 billion


  • Loan originations were up 18 percent in the quarter to $2.87 billion
  • Near-prime and super-prime borrower lending was $611 million
  • Total top line was up 16 percent year on year to $181.5 million
  • Banks were 41 percent of loan originations
  • Management tightened credit by 17 percent, boosting interest rates by as much as 114 basis points


  • Revenues were up 21.4 percent year on year to $190.6 million
  • Same-store sales were up 5.6 percent
  • Total capital expenditure for 4Q 2018 was $120 million, which includes supply chain and tech investments
  • 125 net locations were added in the quarter


  • U.S. cash withdrawal transactions were up 6 percent
  • 21 new FIs joined the Allpoint surcharge free network
  • Total ATM count at the end of the year stood at roughly 229,000
  • ATM operating revenue was up 5 percent year over year


New PYMNTS Report: Preventing Financial Crimes Playbook – July 2020 

Call it the great tug-of-war. Fraudsters are teaming up to form elaborate rings that work in sync to launch account takeovers. Chris Tremont, EVP at Radius Bank, tells PYMNTS that financial institutions (FIs) can beat such highly organized fraudsters at their own game. In the July 2020 Preventing Financial Crimes Playbook, Tremont lays out how.