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Float Raised $3M to Offer Credit Cards, ‘Without the Plastic’

Bank Innovation

It’s not news that millennials hate credit cards. Float – a Los Angeles-based startup, launched today – is set to change that. Which is one of the reasons a lot of them end up as “thin file,” with through-the-roof overdraft fees.

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Forever 21 Stores Hacked

PYMNTS

According to news from Fortune , customer payment card information was compromised at certain point of sale devices in stores when the encryption on those devices was not operating. “These new, experiential spaces will be focused on accessories, cosmetics and home goods for the millennial consumer.

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NYS Covers Grocery Worker Vaccine Eligibility; Instacart Leads Debate Over Gig Economy Employees

PYMNTS

Grant is president of United Food and Commercial Workers Local 770, the union representing thousands of Los Angeles-area grocery employees, many hundreds of whom have been sickened in workplace outbreaks as the second wave of the COVID-19 pandemic has surged. Interest in getting vaccinated is highest among older generations, with 46.5

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Bitcoin Tracker: Easy Access Is ‘Easier’ With ATMS & Gift Cards

PYMNTS

Coinsource, America’s largest bitcoin ATM provider, just announced proudly that the company now has 55 ATM kiosks, after adding six new ones in California — four in Los Angeles and two in San Francisco. What about gift cards? Turns out, former Amazon executive Gene Kavner’s already on the bitcoin gift card ball.

Bitcoin 100
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Reseller Market Maintains Momentum With Nordstrom’s Entry

PYMNTS

Customers participate through a customer intake program in the Nordstrom New York City store in exchange for Nordstrom gift cards that can be spent at its signature brands as well as its owned brands HauteLook and Trunk Club. It is playing the sustainability card this year, with Fashion Footprint Calculator.

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Subscriptions As The Ticket To Filling Empty Airplane Seats

PYMNTS

SkyHi’s bread and butter is leisure travelers, particularly millennials between the ages of 23 and 27. He has also considered offering tickets for longer distances — say, Los Angeles to New York — and wants to encourage “a world where people do have more travel in their life and it’s super easy.”.

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Retail’s Ups And Downs: Amazon Pop-Ups, John Lennon And The iPhone 7

PYMNTS

Wells Fargo settled the investigation, which was sparked by the Consumer Financial Protection Bureau, the Office of the Comptroller of the Currency and the Los Angeles prosecutor, last week by agreeing to pay a fine of $185 million. About 5,300 employees, or 1 percent of Wells Fargo’s workforce, were fired as a result of the scandal.