The Week in Review

The Week in Review

Friday September 14, 2018 –

Here are the new and noteworthy stories we have been following this week.

U.S. Bank Launches Simple Loan to Meet Customers’ Short-Term Cash Needs

US Bank launches short-term small dollar loan product as a payday lending alternative.

U.S. Consumer Credit Exceeded Estimates in July on Broad Demand

Total credit outstandings increased by $16.6 billion to $ 3.92 trillion.

Apple Pay and Google Pay can buy you a Slurpee at 7-Eleven

7-Eleven to start accepting Apple Pay and Google Pay by the end of September.

Nets makes first overseas foray in tie-up with China’s UnionPay

Singapore’s Nets is partnering with China Union Pay to expand internationally.

Mastercard unveils global trade platform

Mastercard launches a global trade platform to streamline and automate the procure-to-pay process.

Discover Introduces No Annual Fee Business Credit Card with Unlimited 1.5 Percent Cashback Rewards on All Purchases

Discover launches business credit card with no annual fees and 1.5% cashback.

The Next Financial Calamity Is Coming. Here’s What to Watch

Ten years after the financial crisis new risks are emerging.

JP Morgan goes after rich millennials, offering Sapphire users 60,000 points to sign up for checking

Chase is targeting affluent millennials with 60,000 points to open a Sapphire bank account.

State regulators refile lawsuit over OCC fintech charter plans

US state financial regulators are refiling a lawsuit against the OCC to prevent fintech banking charters.

Umpqua Bank Advances Human Digital Strategy With Launch of Innovative Go-To™ Platform

Umpqua launches app for consumers to connect with and communicate with a personal banker.

Mary Meeker, the legendary internet analyst, is leaving Kleiner Perkins

Mary Meeker is leaving Kleiner Perkins to setup her own firm focusing on late stage investing.