PYMNTS

JULY 12, 2020

manufacturers dropped in May to its lowest level since May 2009. Typically, the company spends $226 million on cap expenditures, Rajkowski said. Chief Financial Officer Patrick Goris said Rockwell will put off non-essential maintenance projects because lower volumes have given its equipment a longer life expectancy.

Automation 64

Automation Caps On-Demand Volume 64

PYMNTS

OCTOBER 1, 2018

The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. Attorney Alex Tse. “We The Response.

P2P 54

P2P Origination Underwriting Returns 54

Fintech Labs Insights

DECEMBER 15, 2021

Companies with a significant volume of credit/debit card payments rely heavily on payment processors to keep them afloat. Market cap: $82B (15 Dec 2021). Founded: 2009. Market cap: $80.2B (15 Dec 2021). Downtime equals lost revenue, so it’s not a function easily entrusted to a startup. Total Funding. Visits (Nov 21).

Small Business 15

Small Business Processors NOV Digital Payments 15

Fintech Labs Insights

JUNE 29, 2023

Companies with a significant volume of credit/debit card payments rely heavily on payment processors to keep them afloat. Block/Square FAB Score = 5,130 (up 600) – HQ: San Francisco – Founded: 2009 – Went public Nov 2015 ( NYSE:SQ ) at $2.9B all prior to 2021 ( Crunchbase ) – Market cap: $48.6B (29 June 2023) – Revenues: $7.4B

Small Business 15

Small Business Processors Digital Payments Online and Mobile Banking 15

PYMNTS

APRIL 17, 2017

So, while McKelvey lost out on that $2,000 sale — he and his (friend) and Co-Founder Jack Dorsey — the founder of Twitter — did end up with a $17 billion idea (Square’s market cap at the time this piece went to press). That churn, and low volume, which also came with a big dose of chargebacks, raised red flags for many. loss last year.

Push-to-Card 44

Push-to-Card Debit Card Online and Mobile Banking EMV 44

CB Insights

OCTOBER 29, 2018

Date: May 21, 2009. When Cisco paid almost $600M for Pure Digital in 2009, it probably seemed like a great investment for their consumer products department; Pure Digital’s Flip HD digital camera was a hot seller at the time. .” By 2009, Time Warner had spun off the once-mighty internet titan back into a separate entity.

Acquirers 76

Acquirers Online and Mobile Banking Non-Bank Innovation 76

PYMNTS

JUNE 17, 2016

It has lost more than 80 percent of its market cap since its late December 2014 IPO. Bitcoin grew explosively after its 2009 introduction by becoming the currency of choice for criminal commerce, including hiring hitmen , giving the term “killer app” new meaning. Most others have struggled, too. Again, it hasn’t worked out.

Bitcoin 45

Bitcoin Blockchain Online and Mobile Banking Caps 45