Friday September 14, 2018 –
Here are the new and noteworthy stories we have been following this week.
U.S. Bank Launches Simple Loan to Meet Customers’ Short-Term Cash Needs
US Bank launches short-term small dollar loan product as a payday lending alternative.
U.S. Consumer Credit Exceeded Estimates in July on Broad Demand
Total credit outstandings increased by $16.6 billion to $ 3.92 trillion.
Apple Pay and Google Pay can buy you a Slurpee at 7-Eleven
7-Eleven to start accepting Apple Pay and Google Pay by the end of September.
https://www.engadget.com/2018/09/10/apple-pay-and-google-pay-available-at-7-eleven/
Nets makes first overseas foray in tie-up with China’s UnionPay
Singapore’s Nets is partnering with China Union Pay to expand internationally.
Mastercard unveils global trade platform
Mastercard launches a global trade platform to streamline and automate the procure-to-pay process.
https://www.finextra.com/newsarticle/32648/mastercard-unveils-global-trade-platform/wholesale
Discover Introduces No Annual Fee Business Credit Card with Unlimited 1.5 Percent Cashback Rewards on All Purchases
Discover launches business credit card with no annual fees and 1.5% cashback.
The Next Financial Calamity Is Coming. Here’s What to Watch
Ten years after the financial crisis new risks are emerging.
https://www.nytimes.com/interactive/2018/09/12/business/the-next-recession-financial-crisis.html
JP Morgan goes after rich millennials, offering Sapphire users 60,000 points to sign up for checking
Chase is targeting affluent millennials with 60,000 points to open a Sapphire bank account.
State regulators refile lawsuit over OCC fintech charter plans
US state financial regulators are refiling a lawsuit against the OCC to prevent fintech banking charters.
Umpqua Bank Advances Human Digital Strategy With Launch of Innovative Go-To™ Platform
Umpqua launches app for consumers to connect with and communicate with a personal banker.
Mary Meeker, the legendary internet analyst, is leaving Kleiner Perkins
Mary Meeker is leaving Kleiner Perkins to setup her own firm focusing on late stage investing.
https://www.recode.net/2018/9/14/17858582/kleiner-perkins-mary-meeker-split
