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Fintech consortium boosts Sacramento banking innovation

BankInovation

A recently launched fintech consortium in Greater Sacramento is already generating partnerships between local technology providers and financial institutions.

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Bitcoin Daily: CoinFLEX Takes Bets On Libra Launch; Germany’s Finance Minister Speaks Out Against Private Currency

PYMNTS

He added, however, that the power of currency issuance should not be left in the hands of tech giants: “A core element of state sovereignty is the publication of a currency, we will not leave it to private companies.”. Rewards can be redeemed for prizes and events including signed merchandise and courtside tickets.

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CFPB expands consumer complaint access to local governments

CFPB Monitor

The Government Portal gives local, state, and federal government agencies access to more granular information about consumers’ complaints and companies’ responses than the public is able to view through the CFPB’s public-facing Consumer Complaint Database.

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Amazon Grocery Delivery Expands To 3 New Cities

PYMNTS

When Amazon launched Prime Now delivery for groceries out of its Whole Foods Marketpalce subsidiary, the company turned some heads — and heard some minor complaints, since the service was only initially only available in four markets: Virginia Beach, Austin, Dallas and Cincinnati. Those who need a rushed delivery can elect to pay a $7.99

San Diego 101
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eCommerce Grocer Weee Notches Almost $50M In Funding

PYMNTS

And the company seeks to expand its delivery network to encompass 20 major Canadian and American cities in the three years to come. The company provides its offering in the San Francisco Bay Area, Los Angeles, Sacramento and Seattle. The firm evolved into an online shopping website with a warehouse and delivery network in 2017.

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Uber, Lyft Lose AB5 Appeal In California

PYMNTS

In a 74-page ruling, the appellate judges maintain that both companies caused “irreparable harm to drivers” by classifying workers as independent contractors and denying them benefits that regular employees receive. The law requires that companies using gig workers treat them as employees rather than independent contractors.

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Grocery Stores Shutter In-Store Pharmacies

PYMNTS

Also, the large hand of big pharmaceutical companies has had an influence. With CVS and Walgreens’ connections to insurers and pharmacy companies, they also have access to the better deals on drug costs that have eluded smaller stores. Analysts and grocery stores alike are saying that the store pharmacies have several issues.