Larry Kudlow, director of the U.S. National Economic Council, said he thinks the idea of cash incentives for people going back to work could be in the cards. “It’s something we’re looking at very closely,” he said, speaking to CNBC. “We may go with something like that.” Kudlow said there...
Green Dot To Launch Mobile Banking For US Immigrants
Welcome Technologies, which works to aid immigrants as they integrate into life in a new country, is partnering with Green Dot for the PODERCard, which will help U.S. Hispanic immigrants access digital banking services, according to a press release. Less than half of U.S. Hispanic immigrants have access to actual...
SDF Invests $550K In SatoshiPay For B2B X-Border Solution
The Stellar Development Foundation (SDF) has made a $550,000 strategic investment to go toward SatoshiPay‘s development of a B2B cross-border payments solution and its digital wallets, according to a press release. SDF’s investment came by way of convertible loan notes and was the third investment the foundation has made in...
Will Hotels Win Back Customers By Cleaning Up Their Act (Literally)?
Of all the verticals hit hard by the global pandemic, hotels have seen their business slowed to a near stop as shutdowns and social-distancing rules bring travel of all kinds to a near halt. But the lodging industry is slowly reopening, with hotels working overtime to stress cleanliness in a bid...
Bitcoin Daily: Gemini Teams With Samsung For Mobile Crypto Access; Russia Seeks To Put Mortgage Records On Masterchain
Gemini Trust Co. is teaming with Samsung Electronics Co. to let users exchange and keep digital assets on smartphones in an easier fashion, Bloomberg reported. Gemini is said to be the first digital currency exchange to allow Canadian and U.S. Samsung blockchain wallet users to see their balances in the...
Coronavirus Refunds: Allstate To Lengthen Shelter-in-Place Payback Program
As the pandemic continues to disrupt everyday life the world over, auto insurance companies are crediting their customers’ accounts for a portion of their monthly premiums. Allstate is lengthening its Shelter-in-Place Payback up to the end of June for personal vehicle insurance clients as they don’t drive as much and become involved...
Aion Bank’s BusinessMax Offers Digital Solutions For SMBs
Aion Bank’s newly-launched BusinessMax aims to generate high-quality digital banking services for small and medium-sized businesses (SMBs), according to a press release. The Belgian challenger bank says the program will be “fully digital” from start to end, and everything from account setup to loan applications and approvals can be handled...
IRS Wants To Make Sure You Don’t Throw Out Your Stimulus Card
The Internal Revenue Service (IRS) wants to make sure you don’t throw out your prepaid government stimulus debit card. Many people have done that, thinking the cards are junk mail and discarding them, according to MarketWatch. In a press release, the IRS states that the debit cards will arrive in...
Report: SEC Probing Public Firms That Received PPP Funds
The U.S. Securities and Exchange Commission (SEC) has launched an investigation into publicly traded companies that received COVID-19 stimulus funds, Bloomberg News reported. Agents are looking into whether the companies’ loan applications for the Small Business Administration (SBA’s) Paycheck Protection Program (PPP) were consistent with the disclosures made to investors...
American Express Canada Introduces Offers To Support SMBs
In an effort to bring greater value to its small and medium-sized business (SMB) card members, American Express Canada is debuting limited-time offers as well as solutions. The company said that the changes seek to tackle the evolving requirements of today’s businesses, with the inclusion of modifications to spending habits...