Category: Financial

Equifax compromised half of the country’s information. Trump’s CFPB isn’t looking into it.

Emily Stewart VOX Credit reporting agency Equifax in September revealed that a data breach had left the information of 145 million customers exposed. The company waited weeks before disclosing the incident to the public, during which time three executives sold nearly $2 million worth of the company’s shares. Not even six months later, the Consumer Financial […]

Alaskans turn to government for food and health care amid recession, prompting questions about costs

JUNEAU — Tens of thousands of people have turned to the government for health care and food amid Alaska’s recession, prompting questions from state lawmakers about the sustainability of those safety-net programs. Gov. Bill Walker’s administration projects 240,000 people to be enrolled in the Medicaid health-care program next year, up […]

POLL: Paramus Mayor Won’t Change The Blue Laws

Paramus Daily Voice PARAMUS, N.J. — Despite being home to New Jersey’s largest shopping center, Paramus Mayor Richard LaBarbiera won’t be changing the blue laws, he said. Responding to a recent opinion article by NorthJersey.com correspondent Jackie Goldschneider, the mayor said that protecting the blue laws — which prohibit shoppers from purchasing certain […]

Mastercard sets biometric ID deadline for banks

Mastercard has committed to guaranteeing that every one of its customers will have access to biometric authentication services by April 2019 Mastercard has set a deadline of April 2019 for widespread use of biometric identification for users of its service. The payments company said all of its customers would be able to use biometrics, […]

Auckland leads drive towards cashless cities, Visa says

Auckland is one of nine cities to be dubbed “digital leaders” in a global study on realising the benefits of digital payments paid for by Visa. The Cashless City report makes a plea to governments around the world to drive their cities towards a cashless future, which Visa says would drive efficiencies, boost […]

Deadline Passes, Triggering Shutdown; Senate Rejects Short-Term Spending Bill

Both chambers were expected to be in session Saturday, continuing discussions over how to resolve underlying disputes WASHINGTON—The Senate rejected a one-month spending bill early Saturday, triggering the shutdown of many government services and setting off a partisan fight over who would bear the political consequences. In a dramatic night […]

Visa may be waging war against bitcoin by rejecting it as currency

The largest cryptocurrency, bitcoin, is a commodity and not a payment system, according to Visa’s chief executive. Visa will also not give bitcoin or other cryptocurrencies a platform for wire transfers and exchanges. “I don’t view it as payment system player,” CEO Alfred Kelly told CNBC. “We at Visa won’t process transactions that […]

American Airlines Joins United In Cashless Transactions At MIA

MIAMI (CBSMiami) — Don’t forget to pack your credit or debit card next time you travel on American or United Airlines out of Miami International Airport. Starting Thursday, American will join United in saying no to cash and yes to plastic. “We’re cashless in cities like New Orleans, Dallas and […]

Starbucks tests no-cash policy at downtown Seattle store

Starbucks is experimenting with refusing cash at a posh location in downtown Seattle. Since Tuesday, your money is no good at the cafe inside the Russell Investments Center unless it’s in the form of plastic. Starbucks is experimenting with refusing cash at a posh location in downtown Seattle. Since Tuesday, […]

American Airlines is going cash-free at airports

If you’re planning on flying American Airlines out of Miami International Airport, don’t forget your debit card. Starting Thursday, the mega-airliner has announced it is moving to a cashless model at the Florida airport and will no longer be accepting anything other than credit or debit cards for desk transactions […]

Visa Shuts Down Crypto Credit Card Company Without Warning: “All the Cards Were Shut Down in One Second”

Gibralta based payment solutions company, Wavecrest, was shut down by Visa today — stranding thousands of people with Bitcoin credit cards now effectively worthless. Source: CNBC The card provider, WaveCrest, confirmed in an email to CNBC that it was required “to immediately close all Visa cards.” “As a licensed E-Money […]

Cash Might Be King, but They Don’t Care

The other day at Dig Inn, a just-opened lunch spot on Broadway and 38th Street in Midtown Manhattan, Shania Bryant committed a consumer faux pas. She placed her order for chicken and brown rice and yams, and when she got to the register, she held out a $50 bill. “Sorry,” […]

Cash is dead as small businesses opt for e-payment in China’s digitalisation drive

China’s US$5t e-payment market accounts for 42 per cent of the world’s e-commerce transactions Cash, alas, is no longer king as operators of mainland China’s small businesses will tell you. In major Chinese cities, paying by paper money is all but dead thanks to the convenience of mobile payment, which […]

‘Toward a cashless society’ – Gov’t to limit cash transactions

Finance Ministry pushing to limit use of cash, checks between private individuals, businesses. Cash payments over $1450 to be banned. Israel’s Finance Ministry is pushing to limit the use of cash in private business transactions, both between customers and businesses, as well as between private individuals. Based on the findings […]

Plumbers and electricians are the workers who will be last to lose their jobs to robots, AI expert reveals

But Mr Ford, whose most recent book is called Rise of the Robots: Technology and the Threat of a Jobless Future, warns that humans cannot become to complacent about the oncoming AI revolution. Speaking to Daily Star Online, Mr Ford warned that most jobs are going to be carried out by […]

U.S. demands CNN or DirecTV sale to approve AT&T/Time Warner deal -sources

NEW YORK/WASHINGTON (Reuters) – The U.S. Department of Justice is pushing AT&T Inc (T.N) to sell Turner Broadcasting, parent of CNN cable network, or its DirecTV satellite television unit to satisfy antitrust concerns over its purchase of Time Warner Inc (TWX.N), sources told Reuters on Wednesday. U.S. President Donald Trump […]

Get Rid of Capitalism? Millennials Are Ready to Talk About It

Ben Silverman Bloomberg One of the hottest tickets in New York City this weekend was a discussion on whether to overthrow capitalism. The first run of tickets to “Capitalism: A Debate” sold out in a day. So the organizers, a pair of magazines with clear ideological affiliations, socialist Jacobin and libertarian Reason, found a larger venue: […]

Venezuela: Teenage Girls Turn to Prostitution to Fight Starvation

Ben Kew Breitbart (Archive) Growing numbers of young girls in Venezuela are selling their bodies for sex in exchange for food as the crisis-stricken country’s humanitarian crisis continues to worsen. A report from the American Spanish-language channel Telemundo recounts a 13-year-old girl’s experience of the sex trade. “Neither my mother nor my father […]

Drone delivers fried chicken to residents of city in Fukushima

The Asahi Shimbun (Archive) MINAMI-SOMA, Fukushima Prefecture–An experimental project using a drone to deliver fried foods has started in this city affected by the 2011 Fukushima nuclear disaster. The joint project by Internet company Rakuten Inc. and convenience store operator Lawson Inc. is aimed at spurring the return of elderly evacuees […]