PYMNTS

OCTOBER 14, 2019

The Rise of the Gig Economy. Uber, when it launched in 2009, popularized a new label for the drivers it recruited for the supply side of its platform: gig workers. That’s consistent with the findings of the quarterly studies PYMNTS has done of 6,000 gig economy workers over the last several years.

Economy 71

Economy On-Demand Regulations Push-to-Card 71

PYMNTS

OCTOBER 22, 2016

If one were to ask the average person if 2009 feels like it was a very, very long time ago, odds are the answer you would get is “no.” The iPhone 3G was the top-selling phone of 2009, and it was the only pure, touchscreen-only smartphone on the market. Seven years later and, in many ways, it’s a very different and exciting world.

Innovation 79

Innovation Consumer Mobile Payments Payments 79

PYMNTS

MARCH 31, 2019

Consumer sentiment improved in March as Americans felt better about the economy and the potential to earn money. The decline in December was the biggest one notched since September of 2009. According to a report in The Wall Street Journal over the weekend citing the University of Michigan’s index of U.S. in March, up from 93.8

Economy 46

Economy Federal Reserve Fed Consumer 46

PYMNTS

OCTOBER 15, 2019

and China have made for a “precarious” economic state, the International Monetary Fund (IMF) said worldwide growth is slated to drop to its slowest rate since the global recession in 2009. In 2019, the world economy will grow at just 3 percent per the organization’s estimate. That figure is lower than the 3.8

Economy 43

Economy Central Bank Agreements 43

PYMNTS

APRIL 9, 2020

In that case, the economy could rebound by around 23 percent in the third quarter and another 13 percent in the fourth, with a 10 percent decline in the first quarter. The number of those unemployed now surpasses the high from the 2009 recession, which maxed out at 6.64

Shutdown 100

Shutdown On-Demand Economy Product 100

PYMNTS

OCTOBER 21, 2020

Those latter two firms have been in the in-store POS market for quite some time (Square, for example, since 2009). As economies reopen, there is a need for flexibility at the POS and for in-store (or curbside) contactless payments – along with the hardware to make those transactions possible. . – and, by extension, the U.S.

Point-of-Sale (POS) 122

Point-of-Sale (POS) Push-to-Card PayPal Volume 122

PYMNTS

JUNE 26, 2019

Months after he called out “irrational” student lending that has been impacting the economy through his annual letter, JPMorgan Chase CEO Jamie Dimon noted that U.S. student lending is “hurting America.”

Economy 77

Economy Government Governance Finance 77

PYMNTS

OCTOBER 22, 2016

If one were to ask the average person if 2009 feel like it was a very, very long time ago – odds are the answer you would get is “no.” The iPhone 3G was the top selling phone of 2009 – and it was the only pure, touchscreen only smartphone on the market. Don’t believe us? Well step into our not-so-way-back machine.

Innovation 76

Innovation Consumer Mobile Payments Economy 76

PYMNTS

NOVEMBER 10, 2016

economy, but another sign its role in the economy is diminishing comes from the Labor Department, which showed job gains from startups are at the lowest level in the past 20 years. Since 2009, when a recovery in the U.S. economy began, job gains have stayed around 1.1 Entrepreneurship was once the backbone of the U.S.

Economy 61

Economy NOV Product Innovation 61

PYMNTS

NOVEMBER 4, 2016

Zimbabwe may not be the first place people think of when they talk about a cashless economy, but the country is speeding toward a cashless future, according to The New York Times. dollar, which was adopted in 2009. And there is one reason for it: The country is running out of cash, particularly the U.S.

Push-to-Card 72

Push-to-Card Debit Card Economy Government 72

PYMNTS

APRIL 2, 2020

Georgia-based Kabbage claims it has provided small business borrowers with over $9 billion in loans as of its 2009 establishment. However, banks have tapped into their strategy over the last financial crisis by limiting credit access amid a shrinking economy. Lenders such as Fundbox Inc. and OnDeck Capital Inc.

Small Business 78

Small Business Underwriting Adjustments Economy 78

PYMNTS

NOVEMBER 2, 2020

The ISM said that the latest reading was the second-largest positive change since May of 2009. The manufacturing economy continued its recovery in October,” the ISM said in its latest report. A reading above 50 generally indicates expansion. But the latest report underscores a U.S. Importantly, the ISM’s “new” orders rose to 67.9,

Consumer 81

Consumer On-Demand Economy NOV 81

PYMNTS

JUNE 8, 2020

NBER defines a recession as a “significant decline in economic activity spread across the economy, normally visible in production, employment and other indicators. A recession begins when the economy reaches a peak of economic activity and ends when the economy reaches its trough. If there was any doubt that the U.S.

Research 57

Research Economy Product 57

PYMNTS

MAY 1, 2019

Since the economy remains strong and the unemployment rate is low, most consumers can stay current on debt repayment. The four biggest banks in the country, collectively, “had almost $4 billion in charge-offs from credit cards in the last quarter,” with only $656 million from other loans, the biggest gap since 2009.

Credit Cards 76

Credit Cards Consulting Economy Consumer 76

PYMNTS

MARCH 18, 2019

recently fell to the lowest rate since the 2007-2009 financial crisis, but a new product launch from JPMorgan Chase & Co. According to the Federal Deposit Insurance Corporation (FDIC), the percentage of unbanked Americans fell to its lowest level since the 2007-2009 financial crisis. The percentage of unbanked people in the U.S.

Consumer 70

Consumer Online and Mobile Banking FDIC Checks 70

PYMNTS

APRIL 9, 2020

in May of 2009. . Economists said the economy has entered a recession and it will hit especially hard in the second quarter, with estimated double-digit declines in GDP. Figures for the week ending March 28 were revised up by 219,000 from 6.648 million to 6.867 million. . The previous high was 6.64

Continuity 65

Continuity Non-Bank Economy 65

PYMNTS

OCTOBER 19, 2020

percent in 2019, the lowest since the FDIC began tracking this stat in 2009. percent in 2009, according to the FDIC, which notes that the rate then fell 2.8 households without checking accounts fell to 5.4 The unbanked rate jumped to 8.6 percent in 2011, up from 7.6 percent over the next eight years through 2019.

FDIC 75

FDIC Checks Accounts Research 75

PYMNTS

OCTOBER 1, 2020

economy, and we’re proud to be working with Barclays to help drive further growth,” Propel CEO Mark Catton said in an announcement. Ebury, which was started in 2009 and has offices in more than 20 nations, becomes a part of Nexi Open with the deal. SMBs] are the lifeblood of the U.K.

Finance 91

Finance FinTech Cross-Border API 91

PYMNTS

APRIL 14, 2020

The organization warned that the possibility of a sustained and acute slump will test firms, even though banks have amassed formidable liquidity and capital buffers while having successful stress tests as of the financial crisis of 2007 to 2009, Reuters reported. The worldwide economy is predicted to slump 3 percent this year.

Economy 60

Economy Payments 60

PYMNTS

FEBRUARY 4, 2019

Amid a sluggish economy and rising debts, China’s corporations are bracing for losses and drops in asset values, The Wall Street Journal ( WSJ ) said on Friday (Feb. Reports added that revenue declines and rising costs are combining with asset write-downs and an overall weakening economy to result in these losses.

Economy 56

Economy Authorization Security Finance 56

PYMNTS

APRIL 29, 2020

“The recession will be worse than the one we went through from 2007 to 2009,” said Sung Won Sohn, economics and business professor at Loyola Marymount University in Los Angeles. There are also mounting fears that COVID-19 could once again escalate as soon as the economy is reopened, forcing it to close again. percent in February.

Federal Reserve 52

Federal Reserve Economy On-Demand Product 52

PYMNTS

MARCH 3, 2019

Amid the biggest drop in consumer spending since 2009, personal incomes in the U.S. The moves began the early part of the first quarter by placing the economy on a path of weak growth, Reuters reported. percent in December in the largest fall since December of 2009. economy slowed to an annual rate of 2.6

Consumer 43

Consumer Shutdown Economy Fed 43

PYMNTS

MARCH 30, 2020

economy was already sliding into declines during February, well before the coronavirus and the accompanying lockdowns were a factor. The Confederation of British Industry (CBI) said on Thursday (March 26) that its monthly survey of retailers showed the weakest outlook since April 2009. Data from February shows the U.K.

Non-Bank 56

Non-Bank Economy Advisors Government 56

PYMNTS

JUNE 2, 2020

That’s more than all of 2009, when jobless rates skyrocketed due to the Great Recession. The estimated gap of some $67 billion shows that states are failing to deliver on what they are supposed to do: Take care of as many as possible of the more than 40 million people who filed for unemployment as the economy shut down.

Checks 53

Checks Economy Fed Government 53

FICO

SEPTEMBER 13, 2022

As the UK economy transitions from the pandemic to the cost-of-living crisis, is there anything that can be learnt from how the 2008 financial crisis impacted credit card usage? Before the financial crisis of 2008-2009, average spend had been steadily rising with the same increasing trend seen before the pandemic hit. Darcy Sullivan.

Credit Cards 52

Credit Cards Advisors Issuers Consulting 52

PYMNTS

SEPTEMBER 15, 2017

retail sales fell in August, and industrial output recorded its biggest drop since 2009, due to the impact of Hurricane Harvey. Hurricane Irma, which struck Florida last weekend, will also likely have a negative effect on the economy. percent in August — the biggest drop since May 2009, following six straight monthly gains.

Federal Reserve 51

Federal Reserve Fed Advisors Returns 51

PYMNTS

SEPTEMBER 8, 2016

The figures for 2015 represent the best results the survey has seen since the FDIC started keeping track of the data with a biennial survey in 2009 (the share of unbanked Americans was 7.6 According to FDIC data, unbanked American consumers peaked toward the end of the Great Recession in 2011 at 8.2 percent at that time).

FDIC 65

FDIC Non-Bank Regulations Consumer 65

PYMNTS

AUGUST 4, 2020

The company, founded in 2009 by chief executive Rob Frohwen , ex-chairman Marc Gorlin and president Kathryn Petralia as a way to provide easy funding for small businesses, has aimed to provide amounts up to $250,000, along with underwriting and service loans. Kabbage had no comment.

Small Business 64

Small Business Underwriting Non-Bank Community Banks 64

PYMNTS

APRIL 9, 2020

With an economy heavily reliant on tourism, Nevada may have the largest number of unemployed workers due to the coronavirus pandemic. Stephen Miller, an economist at University of Nevada, told the news outlet that economic downturn during the recession of 2007 to 2009 was deeper and longer than in Las Vegas than many other U.S.

Advisors 64

Advisors Economy Risk On-Demand 64

PYMNTS

APRIL 2, 2020

In a virtual talk , “COVID-19 and the Economy,” Neel said policymakers must look to the past and “be less selective this time when deciding whom to help,” according to a report in CNBC. Treasury Department’s Troubled Asset Relief Program (TARP) during the Great Recession of 2007-2009. Kashkari was the director of the U.S.

Fed 52

Fed Federal Reserve Small Business Shutdown 52

PYMNTS

JULY 7, 2020

The investor’s portfolio value was sitting at around S$313 billion as of March 31, 2019, but the global pandemic caused the economy to slow, financial markets to crash and valuations to fall. Temasek’s portfolio, according to Ho, includes listed firms and private companies that are bond issuers or still report to shareholders.

Audit 61

Audit Digital Currency Issuers Economy 61

PYMNTS

JUNE 26, 2020

and other countries, this resulted in cut jobs and shifting business models to help accommodate the downturn in the economy. This will be East Ventures’ eighth fund since forming in 2009. As in the U.S. But Cuaca preferred an optimistic outlook. “It Crisis brings clarity.”.

Shutdown 56

Shutdown Economy Government Governance 56

PYMNTS

OCTOBER 11, 2016

Is the economy really improving? Only 49 percent of retailers said sales at established locations rose during the second quarter this year compared to a year earlier, which is the lowest amount since 2009 when the U.S. If holiday sales are robust this year, it would mark a drastic turnaround from the beginning of the year.

Economy 53

Economy Assessments Consulting Research 53

PYMNTS

JUNE 1, 2020

For advanced economies, the transition to the digital age where manufacturing once reigned has its downside. Then again, some economists surveyed see the Australian economy eking out a small 10-basis-point gain for the period, boosted by consumers buying goods at supermarkets and other merchants amid the coronavirus pandemic.

Economy 52

Economy Small Business On-Demand Returns 52

PYMNTS

OCTOBER 20, 2018

On this day in history in the year 2009, the world of payments and commerce was changed forever. No, we’re not talking about the launch of Square – that was in February of 2009. True in 2009. The idea of spreading risk across the borrowers, we see that as long-term detrimental to the economy. . In The Beginning.

Online and Mobile Banking 71

Online and Mobile Banking Innovation Credit Cards PayPal 71

PYMNTS

AUGUST 6, 2019

Broker John Hecht of Jefferies told the news outlet that since the CARD Act of 2009, banks have been pricing in more risks since the law says card issuers “can’t reprice you once they sell you a card,” he said. . percent and many feared it could negatively affect consumer spending, which has an effect on the overall economy.

Credit Cards 49

Credit Cards Federal Reserve Card Issuer Economy 49

PYMNTS

AUGUST 14, 2019

High unemployment combined with weak production and consumption point to an ever-slowing economy in China as the trade war with the U.S. China’s industrial productivity is at its slowest pace since 2009 as weakening market confidence forces manufacturers to reduce both production and investment while consumers reel in spending. “The

Economy 46

Economy Central Bank Origination Product 46