In an article titled "New York’s Cabbies Like Credit Cards? Go Figure", Michael M. Grynbaum writes for the New York Times about how New York cabbies have grown to appreciate the benefits of payment card acceptance as they've emerged as "an unlikely savior for New York’s taxi industry." When initially introduced two years ago, cabbies were very unhappy with the requirement to accept cards. According to Grynbaum, all of that has changed.

On Friday, the Federal Reserve released its G.19 Consumer Credit report for the month of September 2009 showing that consumer credit outstanding overall decreased at an annual rate of 7.2 percent in August 2009. Revolving credit outstanding decreased at an annual rate of -13.3 percent, and nonrevolving credit decreased at an annual rate of -3.7 percent.