Remove society food-banks
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The Guardian view on bankers’ bonuses: the sky’s the limit (again) | Editorial

TheGuardian

How’s that for a healthy society? The Bank of England found that “a bonus cap is not routinely imposed in other leading international financial centres outside the EU”. This week, it was estimated that nearly 4 million Britons are living in destitution , getting by on one meal a day or relying on food banks.

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SWIFT Eyes gpi Payments Across Blockchain

PYMNTS

In the continuing move to bring data (and transactional data) to blockchain, among the latest examples is the announcement this week that the Society for Worldwide Interbank Financial Telecommunications (SWIFT) will enable blockchain-focused companies to use its global payments innovation (GPI) platform, as reported in Cointelegraph.

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Why Cash Is No Longer King In The Country Of Jordan

PYMNTS

Women, refugees, the poor and the young had historically had low inclusion in Jordan’s banking system because there’s no good onboarding process for them – but mobile-phone penetration runs deep across Jordanian society, even among critically underbanked segments. Building Better Payments And Banking Services .

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Today In Payments: Uber Expects Revenue Plunge; Coronavirus Triggers First GDP Decline In China

PYMNTS

Plus, banks can take stimulus money to cover withdrawn accounts. Banks Can Take Coronavirus Money To Cover Negative Accounts. Some cash-strapped people have reported losing some or all of their coronavirus stimulus money because their bank accounts are overdrawn. Uber Expects Revenue Plunge As It Retracts 2020 Guidance.

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DBS Introduces QR Code Product For B2B Payments 

PYMNTS

The product was created based on information gleaned from almost 20 DBS digital workshops with food and beverage (F&B) owners who were asked questions about their payments infrastructures and pain points. The results indicated that almost 90 percent of B2B payments in the F&B industry made via cash or bank transfers.

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Using P2P Payments To Bank More Of The Unbanked

PYMNTS

Although lower costs and increased availability of new peer-to-peer (P2P) payment systems have allowed more first-time users to enjoy the ease and benefits of the banking system, the fact remains that 1.7 billion adults are still “unbanked.”. The Cash Culture. Crypto And AI/ML.

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Bezos: Global Testing Needed To Combat COVID-19

PYMNTS

For this to work, we as a society would need vastly more testing capacity than is currently available,” he wrote. Earlier this week, James Bullard, president and CEO of the Federal Reserve Bank of St. Working with medical experts and health authorities, we’ve distributed face masks…” Bezos said.

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