Remove society poverty
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Things worth reading: 20th May 2020

Chris Skinner

Things we’re reading today include … Coronavirus: World Bank warns 60m at risk of ‘extreme poverty’ Fiserv’s First Data pays $40 million to settle FTC charges it aided merchants’ fraud Boom for payments companies as crisis forces shoppers online Covid-19 a ‘wake-up call’ to build fairer society, says (..)

Fraud 408
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Gary Stevenson, City trader turned campaigner: ‘I made money betting on a disaster’

TheGuardian

The inequality activist grew up in poverty, became a millionaire at Citi, then rebelled against a career that ‘wasn’t right’ Gary Stevenson became a multimillionaire by “betting inequality was going to destroy our economy and make the poorest in society even poorer”.

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Mastercard Expands Global Commitment To Connect 1B People 

PYMNTS

He said that this moves beyond philanthropy and offers a chance to “develop commercially-sustainable and scalable social impact with government and private sector partners — and to do it in a way that helps society-at-large thrive.”. Bringing them into the digital economy “is a powerful force multiplier for societies.

Regional 185
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JP Morgan boss Jamie Dimon is paid $31.5m after decrying income inequality

TheGuardian

The news is likely to cast a harsh spotlight on a figure who has opined about the need for a more caring and equitable capitalism yet appears to have vastly increased his fortune at a time of immense suffering due to the coronavirus pandemic that has seen millions of people plunged into poverty and homelessness.

America 117
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Too Many People Would Be Left Behind In UK Cashless Society

PYMNTS

moves to a more cashless society, the country’s Access to Cash Review report cautioned that groups of people will be left behind in the movement. society is far from homogenous,” the Access to Cash Review report stated. As the U.K. “The challenge is that U.K. ” The review noted that while U.K.

Survey 134
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AmazonSmile Donations Exceed $215M

PYMNTS

Matt Bershadker, president and chief executive of the American Society for the Protection of Cruelty to Animals, said in a prepared statement: “Over the last five years, compassionate AmazonSmile customers have helped generate millions of dollars in donations to help us rescue and protect countless animals in need across the country.

Seattle 154
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Financial Planning & Women

BankBazaar

WOMEN SUFFER from “time poverty”. Our society still places the primary responsibility of family and household care squarely on women’s shoulders. Indian women spend roughly 7 hours a day on household duties compared to 2.7 hours that men do.

Study 78