PYMNTS

DECEMBER 27, 2020

PC sales worldwide peaked in 2008, with about 300 million units sold, and have declined since then to a level of about 250 million units sold annually, Reuters said — but analysts now see the figure returning to about 300 million PCs shipped per year. When the year draws to a close, some 1.77

Processors 112

Processors On-Demand Returns Government 112

PYMNTS

JULY 3, 2018

The rise of eCommerce, and the fierce competition it has produced among merchants, has led to return policies that are liberal, inexpensive and nearly hassle-free for consumers. Returns stand out, though, given the importance they have gained as more consumers shop digitally.

Returns 40

Returns On-Demand Product Consumer 40

PYMNTS

DECEMBER 9, 2020

Lukies said that prior to the 2008 financial crisis, regulators and the like normally left banks to their own devices, as long as they didn’t mess it up so that people couldn’t pay their bills or go shopping. Before 2008, banks were making a lot of money from a lot of things,” noted Lukies.

Innovation 122

Innovation Rules FinTech Acquirers 122

PYMNTS

JULY 23, 2020

Buffett’s investments in BoA connects to the aftermath of the 2008 financial crisis, in which he made millions buying stake in BoA, purchasing preferred shares with warrants coming attached. Because of the warrants, Berkshire could buy 700 million shares in the company for around $7 a piece.

Economy 90

Economy Returns 90

PYMNTS

NOVEMBER 4, 2020

Management said it is encouraged by the fact that today’s household balance sheets compare favorably to the 2008 recession year. The company added that it wouldn’t ask its employees to stop working from home and return to their offices until at least summer 2021. All in, LendingClub reported a Q3 net loss of $34.3

Volume 111

Volume On-Demand NOV Continuity 111

PYMNTS

JULY 29, 2019

Many people have been using Glint to get a larger return on savings, and Cozens said if the system crashes, people can always claim their physical gold. He said he got the idea for the business after the big financial crisis of 2008. When a person runs out of gold, the card stops working. They lend out more than they have.”.

Debit Card 76

Debit Card FinTech Visa Returns 76

PYMNTS

OCTOBER 8, 2019

Expensify started as a corporate card way back in 2008, before we decided to focus on expense, so it’s fun to see the product come full circle with a card that naturally extends our existing platform,” he said. In a statement, Expensify CEO and Founder David Barrett said the company is going back to its roots with the new card solution.

Commercial Card 43

Commercial Card Returns Advisors Settlement 43

Wharton Fintech

AUGUST 21, 2023

But someone asked him a question about public equity returns over the last 15 years and where he thinks public equity returns may be over the next 15 years. What we expect is maybe 0% return. I started out with a couple of partners.

Accreditation 130

Accreditation Returns Regs Origination 130

PYMNTS

NOVEMBER 28, 2020

Back in 2010 after the 2008 market crash, American Express wedged in a new commercial holiday between Black Friday and Cyber Monday, dubbed Small Business Saturday. 14, where beset sales associates get to drop water balloons on the rude customers who talk big, spend small and return everything. This year, it falls on Nov.

Disputes 79

Disputes NOV Small Business P2P 79

PYMNTS

SEPTEMBER 4, 2020

Returns at the more than 100 banks supervised by the ECB dropped to 5 percent last year, down from 6 percent in 2018, behind most of their Asian and U.S. As the number of Spanish banks has dwindled to just a dozen, down from 55 since the financial crisis of 2008, regulators have continued to advocate for mergers. and Asian rivals.

Cross-Border Payments 75

Cross-Border Payments Cross-Border Correspondent Bank SWIFT 75

PYMNTS

JANUARY 11, 2021

On the West Coast, the Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey for 2020-2023 recently surveyed industry experts and found that “the current view is that retail properties will be generating significantly lower, if any, returns in 2023 compared to the middle of 2020.”. Some Good News.

Returns 82

Returns On-Demand Agreements Authorization 82

FICO

JANUARY 6, 2021

There were a number of things that we did not do during the last global crisis, the global financial crisis of 2008,” he noted. “In We didn't profile their likely return to financial good and we didn't understand any differences in their financial morality.”. What circumstances drove their reduction of income? Redundancy?

Posting 98

Posting Credit Risk Risk Returns 98

PYMNTS

MARCH 27, 2020

It’s too soon to tell how coronavirus will impact the venture capital ecosystem, but some analysts are turning to the economic crisis of 2008 to make some educated guesses. In a recent report, CrunchBase looked back at how VC investors reacted to the market downturn over a decade ago.

FinTech 72

FinTech Cross-Border Small Business Credit Cards 72

PYMNTS

NOVEMBER 20, 2020

By comparison, at the peak of the Great Recession in 2008 GDP only lost 8.4 The survey showed that 59 percent are eager to return to things like dining out but will wait until there is a vaccine. . Disposable personal income dropped $636.7 billion, or 13.2 percent, in the third quarter. trillion, or 44.3

Economy 78

Economy NOV Returns Continuity 78

PYMNTS

JULY 2, 2020

It has been a relevant question since the 2008 financial crisis. When factoring in shipping and returns, it gets harder for revenue to count against overhead. It is hard for discount retailers to turn a profit when factoring in the cost of shipping and returns. What will be the fate of department stores?

Shutdown 98

Shutdown Returns Caps Advisors 98

PYMNTS

JULY 6, 2020

After the RBS bailout in 2008 by the British government, the vehicle was made to meet the state aid regulations of the European Union. The new funding had become available after two banks that had been granted funds at first — Nationwide and Metro Bank — returned £100 million overall.

Government 57

Government Governance Returns Regulations 57

PYMNTS

JULY 30, 2020

That number would be four times as many as lost their homes during the Great Recession from 2008. In addition, the $600 a week extra unemployment money is about to stop coming, with Republicans looking at much lower amounts for the foreseeable future or potentially incentives to return to work instead.

Laws 69

Laws Returns Government Governance 69

PYMNTS

JULY 13, 2018

Dr. Andrew Weil and Phoenix restaurateur Sam Fox founded True Food Kitchen in 2008 and modeled it around Weil’s anti-inflammatory food pyramid. Fishbowl, a restaurant data firm, placed True Food Kitchen at No. 1 on its list of the top 10 emerging restaurant brands of 2018.

Returns 40

Returns Product Continuity Consumer 40

PYMNTS

JUNE 6, 2019

Already, the increasing rate of consumer returns in the eCommerce era – a trend sparked by fierce competition and liberal return policies, including by Amazon – is leading to more such web and mobile commerce sales. According to Gartner Research , less than half of returned goods are resold at full price. Liquidation Trends.

Returns 58

Returns Laws Consumer Regulations 58

PYMNTS

SEPTEMBER 18, 2018

15, 2008 fall of Lehman, which filed for bankruptcy that day. Outstanding credit card debt is at the second highest point seen since the end of 2008, and total outstanding debt stands at $1 trillion. Auto loans have mushroomed from $773 billion in 2008 to $1.2 The trigger for the look back has of course has been the Sept.

Innovation 59

Innovation Federal Reserve Credit Cards Economy 59

PYMNTS

MAY 14, 2020

By the end of the year, the unemployment rate is likely to sit at around 10 percent, which would be near the apex of the 2008 Great Recession’s numbers, Goldman said. Goldman is still optimistic about the rebound, though, with companies starting to ease back into doing regular business and consumers, if slowly, returning to shopping.

Returns 52

Returns Payroll Research Risk 52

PYMNTS

JANUARY 24, 2019

A server running an Elasticsearch database contained sensitive data from as far back as 2008 that included loan and mortgage agreements, repayment schedules and other financial and tax documents. Unfortunately, the server wasn’t password protected, giving anyone access to the documents.

Law Enforcement 62

Law Enforcement Social Security Database Agreements 62

PYMNTS

AUGUST 5, 2020

based CVS acquired insurer Aetna in 2008. In addition, the company said, it has launched “Return Ready,” a COVID-19 business-to-business testing program. “We’re a health innovation company that is built to meet the evolving needs of the millions we serve every day,” said CVS Health President and CEO Larry J. Woonsocket, R.I.-based

Returns 58

Returns Acquirers Continuity Consumer 58

The Payments Association

MARCH 19, 2025

But with all of that in mind, they achieved in a short period, as reminded by JFK when he gave his speech with the now immortal words, I believe this nation should commit itself to achieve the goal, before this decade is out, of landing a man on the moon and returning him safely to the earth.

Push-to-Card 88

Push-to-Card AI Bitcoin Blockchain 88

PYMNTS

JANUARY 23, 2019

Four former high-ranking bank officials at Barclays have been accused of hiding 322 million pounds ($420 million) in payments to Qatar in exchange for investing in the bank and cash infusions in 2008, according to a report from Reuters. percent in return for investing in the bank. percent before acquiescing to 3.25

Agreements 46

Agreements Returns Security Financial Crimes 46

PYMNTS

JULY 1, 2019

In fact, BIS said the boost in borrowing in recent years by businesses with low credit scores could cause a crisis like the one that led to the 2008 banking crash. He added that investor demand for higher returns led financial institutions to approve loans to firms with poor credit scores.

Central Bank 51

Central Bank Settlement Returns Economy 51

Segpay

FEBRUARY 28, 2024

Merchant Acquirers/Payment Facilitators, Merchants, and Content Creators are ALL required to file tax returns. In 2008, the IRS passed legislation that required Merchant Acquirers/Payment Facilitators to report on any merchant that processed over $20,000 in annual volume or 200 transactions. Simply submit a request for an extension.

IRS 52

IRS Returns Facilitators Acquirers 52

PYMNTS

JULY 4, 2017

and that bank pay for global banking CEOs hasn’t changed much even with regulations and other responsibilities that result in lower shareholder returns. bank CEOs on average made $20 million a year before the 2008 financial crisis and have made $20 million on average in the last three years. “A CEOs made 3.26 times their global peers.

Returns 43

Returns Checks Regulations 43

PYMNTS

MARCH 19, 2020

Many establishments would like for their teams to return to work as soon as possible or otherwise keep them employed. Mnuchin said the economic fallout from the pandemic could potentially be worse than the 2008 financial crisis if Congress fails to pass a $1 trillion coronavirus stimulus package.

Shutdown 52

Shutdown Treasury On-Demand Returns 52

PYMNTS

FEBRUARY 15, 2018

If we see a high return rate, we’ll analyze why.”. A high return rate could be caused by a design defect. Around 1912, customers returned the company’s leather and rubber bottomed shoes en masse due to a quality control issue. Now, customers will be limited to a one-year return window. Prior to the change in policy, L.L.

Blockchain 46

Blockchain Returns Product Technology 46

PYMNTS

APRIL 21, 2020

There may be echoes of 2008 in the current crisis, said Fagan, with the unemployment spike and looming credit crunches. A natural progression will take place amid that recovery, he said, as jobs return and the trillions of dollars in stimulus help underpin that recovery. What’s Different This Time?

Consumer 67

Consumer Credit Union Credit Cards Debit Card 67

PYMNTS

OCTOBER 8, 2019

Three former Barclays executives are facing a retrial and accused of participating in a “dishonest mechanism” to pay Qatar extra fees in exchange for emergency fundraising to avoid a bank bailout during the financial crisis in 2008. The bank allegedly looked to the Middle East twice in 2008, once in June and once in October.

Agreements 43

Agreements On-Demand Origination Returns 43

Green.Money

JULY 11, 2019

If a customer’s check is returned unpaid for any reason, place them on a list and do not allow them to pay you by check again. If they pay you for the returned item and you feel like giving them a second chance, make sure you have a set of rules in place you NEVER BREAK. Third, build a list of trusted customers. Why be so harsh?

Checks 52

Checks Returns Wire Transfer Processors 52

PYMNTS

NOVEMBER 4, 2020

Pinterest CFO and Head of Business Operations Todd Morgenfeld “credited the surge in part to factors like a rebound in advertiser demand, positive return on investment (ROI) from advertising products and expansion to other parts of the world.” billion toward online shopping advertising” through the end of 2020.

Returns 70

Returns On-Demand Business Continuity Continuity 70

PYMNTS

MARCH 2, 2020

are asking for government intervention in what they call a “farcical” program meant to help business banking after the program experienced a number of setbacks, including one bank returning half of its awarded money, according to a report by the Financial Times. Bankers in the U.K. to give customers more choices in banking.

Non-Bank 52

Non-Bank Audit Treasury Government 52

Fintech Review

APRIL 11, 2025

Its a recap of the key themes weve explored, a primer for new readers, and a cornerstone reference for those returning. The real explosion, however, began after the 2008 global financial crisis. Through interviews, opinion pieces, and sector-specific deep dives, weve helped readers understand where fintech is today and where its going.

FinTech 52

FinTech Online and Mobile Banking Payment APIs and Integration Cross-Border 52

PYMNTS

OCTOBER 18, 2019

The trade war could cause the global economy to stall to its lowest point since the 2008 financial crisis, according to the International Monetary Fund, which has warned the U.S.-China But a multinational index of Chinese production indicates a much smaller growth coupled with fewer workers returning to their jobs.

Economy 40

Economy Adjustments On-Demand Returns 40