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Today In Payments: Apple Purchases Mobeewave; Trump Encourages Microsoft To Buy All Of TikTok

PYMNTS

Minneapolis Fed President Kashkari Urges 4-6 Week ‘Hard’ Shutdown . Neel Kashkari, the president of the Minneapolis Federal Reserve Bank, has suggested that the American economy would be best served if the country were to be locked down for as long as six weeks to battle the ongoing pandemic. Securities and Exchange Commission (SEC).

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U.S. Bank Announces Amazon Alexa Integration

Bank Innovation

The Minneapolis-based bank ran an employee pilot over the summer and initiated work on the Alexa skill earlier in 2017, said Gareth Gaston, executive vice president and head of omnichannel banking at U.S. […]. EXCLUSIVE- U.S.

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3M Anti-Counterfeit Campaign Targets Respirator Knockoffs

PYMNTS

The Minneapolis-based giant said on Monday (Oct. The firm added that it has also succeeded in taking down “13,500 false or deceptive social media posts, over 11,500 fraudulent eCommerce offerings and at least 235 deceptive domain names.”. million counterfeit respirators that were being falsely marketed as made by 3M.

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Today In Payments: Western Union On An M&A Hunt; Amazon, Simon In Talks To Turn Malls Into Distribution Centers

PYMNTS

In a New York Times opinion piece, Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, and Dr. Michael Osterholm, director of the Center for Infectious Disease Research and Policy at the University of Minnesota, urged instating a restrictive lockdown to defeat the coronavirus. Fed’s Kashkari Advocates For New Lockdown.

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Buy Now Pay Later Startup Sezzle Tops 1M Active Customers

PYMNTS

Founded in 2016 and headquartered in Minneapolis, Sezzle’s buy now, pay later (BNPL) payments platform is in the U.S. Boosting shopping via smartphone has been a challenge for retailers, even as consumers spend many hours each day using their phones to interact with banks, brands, news platforms and social media outlets.

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FinTech Startup Sezzle Tops 1M Active Customers

PYMNTS

Founded in 2016 and headquartered in Minneapolis, Sezzle’s buy now, pay later (BNPL) payments platform is in the U.S. Boosting shopping via smartphone has been a challenge for retailers, even as consumers spend many hours each day using their phones to interact with banks, brands, news platforms and social media outlets.

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Hormel Selling Bacon Via VR

PYMNTS

The VR experience was created in conjunction with marketing agencies BBDO Minneapolis and Made in Haus. Hormel will be tracking user participation and resulting sales on the VR platform and is promoting the program on social media. Will this VR tactic work out for Hormel?