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Mastercard Commits $500M To Boost Black Communities, Businesses

PYMNTS

Mastercard said the new program would, among other things, expand city programs that aid Black communities in such cities as Atlanta, Birmingham, Los Angeles, New Orleans, New York, St. Louis and Dayton, Ohio.

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Transactions: Edward Jones partners with Citi for BaaS

BankInovation

Wealth management company Edward Jones selected Citibank on Aug. Louis-based company will also integrate Citi Alliance, the bank’s lending service, into its platform to provide loans to its customers, according to an Edward Jones release. 15 to provide bank accounts to its more than 8 million clients.

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Payments Tech Firm InComm Acquires Meridian Loyalty

PYMNTS

InComm acquired Meridian to help strengthen its incentive initiatives with the creation of rewards and membership-type programs and management tools for employee, B2B and B2C platforms. Also, 53 percent of merchandise and gift card programs bought by corporate users don’t report or analyze the performance of these programs.

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Fed Concerned Trade War Could Trigger Recession

PYMNTS

At last month’s meeting, James Bullard, president of the St. Louis Fed, voted for a bolder rate cut of 50 basis points. Invesco portfolio manager Noelle Corum told the FT that the U.S. percent interest on credit cards, the Federal Reserve said in May. at the end of the day they can’t ignore the data.”. growth in general.

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Mobile Payments: Adornments For the U.S., mVisa For The Unbanked In Nigeria

PYMNTS

Consultants will don a Bluetooth reader that pairs with Apple iOS or Android smartphones or tablets, to accept payment of credit and debit cards. Louis-based startup has defied the odds and raised $750,000 during a slowdown in funding for Fintech startups. Already the app is generating $1 million in sales for local restaurants in St.

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Retail Pulse: Walmart Tests ‘Great Workplace,’ Sainsbury’s Opens Cashierless Store

PYMNTS

Brick-and-mortar retailers are changing the way they manage their workforces in the age of Amazon: Walmart , for instance, is testing multiple versions of a new team structure called the “Great Workplace” in some of its locations. Louis, Tampa and New York. billion for its stores in comparison to $1.63 billion in the year prior.

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Mastercard: The Inclusive Futures Of Cities, SMBs And The Next-Gen Workforce

PYMNTS

Until last week, the card network’s highest-profile efforts have been centered in the developing world – Latin America, Asia Pacific and Africa – in an effort to move cash digital. Among those on Mastercard’s Inclusive Futures listening tour were New York, Atlanta, Chicago, Cleveland, Oakland and St.

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