Kotak Mahindra Bank on Wednesday announced that its VISA debit and credit cardholders can now make payments via the Google Pay mobile app. Using a process called tokenisation that hides sensitive card information, Kotak customers can now link their Kotak debit and/or credit card to Google Pay and then seamlessly and securely digitally transact using their mobile phones across different payment platforms.
“Not only is this process highly secure, but also very convenient as cardholders now do not need to enter their card information for every transaction, transforming the end-user experience,” Kotak Mahindra Bank said.
“Under this value proposition, Kotak customers can now use their Kotak VISA debit and/or credit cards to make payments virtually via Google Pay. Put simply, sensitive card information such as the card number, expiry date, CVV etc. is replaced with a token, and this token gets used for processing payments
third-quarter profit nearly doubled, the latest confirmation that, even in a pandemic and a recession, Wall Street can still make money.
Goldman reported a quarterly profit of $3.62 billion, or $9.68 a share, on revenue of $10.78 billion. Both measures were better than the expectations of stock analysts, who forecast $1.94 billion in profit, or $5.54 a share, on revenue of $9.38 billion. Goldman posted a profit of $1.88 billion, or $4.79 a share, in the third quarter of 2019.
Worries that the coronavirus would rival 2008 as a threat to the U.S. financial system have subsided for now. Banks’ trading fees have surged. Bond investors’ appetite has allowed companies that borrowed billions from banks in emergency loans this spring to pay them back. Big corporate bankruptcies have leveled off.
Pain may still lie ahead, especially if unemployment stays high and a resurgence
HONG KONG (Reuters) – Huawei Technologies Co Ltd is in talks with Digital China Group Co Ltd <000034.SZ> and other suitors to sell parts of its Honor smartphone unit in a deal that could fetch up to 25 billion yuan ($3.7 billion), people with knowledge of the matter said.
Embattled Huawei is resetting its priorities in the face of U.S. sanctions and will focus on its higher-end Huawei phones rather than the Honor brand which is aimed at young people and the budget conscious, they said.
The assets to be sold have yet to be finalised but could include Honor’s brand, research & development capabilities and related supply chain management business, two of the people said.
The deal may be an all-cash sale and could end up smaller, worth somewhere between 15 billion yuan and 25 billion yuan, one of the people said.
FILE PHOTO: Bottles of prescription painkillers Oxycodone Hydrochloride, 30mg pills, made by Mallinckrodt sit on a counter at a local pharmacy, in Provo, Utah, U.S., April 25, 2017. REUTERS/George Frey/File PhotoReuters
(Reuters) – Mallinckrodt filed for bankruptcy protection on Monday, saddled with lawsuits alleging it helped fuel the U.S. opioid epidemic.
Adding to its woes, the company in March also lost a court battle to avoid paying higher rebates to state Medicaid programs for its top-selling drug.
Mallinckrodt said on Monday it had agreed to pay $1.6 billion over several years to settle opioid-related litigation. About $450 million would be paid as part of its settlement once the company emerged from chapter 11 bankruptcy.
The company would then pay $200 million in the first and second year after its emergence from the bankruptcy, and $150 million subsequently through the seventh year.
Residents of a Tennessee town are on edge after Ku Klux Klan propaganda was found scattered in the yards of homes with political signs expressing support for Joe Biden.
“I was really startled by it and also kind of scared,” Shelbyville resident Breana Green told WPLN News of the moment she noticed a neighbor’s yard littered with 20 “business cards” purporting to be from the white supremacist hate group.
The cards described a “social visit” from the Knights of the Ku Klux Klan and warned, “don’t make the next visit a business call.”
Green said her neighbor’s Biden-Harris yard sign was also destroyed and appeared to have been run over, WSMV reported.
”It’s scary knowing that just supporting a presidential candidate can incite this kind of vandalism,” she told the news station.
Another resident reported that the same cards were left behind after someone swiped a Biden-Harris sign from a
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Ku Klux Klan business cards describing a “social visit” from the hate group — and warning that the next one would be a “business call” — are appearing in the yards of Joe Biden supporters in Tennessee.
Shelbyville resident Breana Green told local outlet WSMV-TV that her friend’s home was targeted.
“We noticed that there was litter in the yard,” Green told the outlet. “I started to pick up the litter and noticed these business cards.”
About 20 Ku Klux Klan business cards bearing the threatening message were strewn across the yard, she said.
It appeared that whoever left the cards was provoked by the Biden-Harris sign in the yard, Green said.
“There [were] also tire marks in the yard which indicated the sign had been [run] over,” she told the outlet.
“I was really startled by it and also kind of scared,” Green told WPLN-FM, another local station.
Small business owners have to juggle a lot of hats, especially amid coronavirus. To help you navigate these challenging times, American Express is moving its Business Class LIVE: Summit for Success online.
The event takes place next Tuesday, October 20 and has over 35 virtual sessions hosted by a variety of speakers including Shaquille O’Neal and executives from Dell, Amazon, Google, Netflix and more. The events aim to support small business owners through networking, resources and tools. Plus it’s completely free to attend, regardless if you’re an Amex card member or not.
If you’re interested in attending the summit, you must register by October 18.
Here’s what to expect from the ninth-annual Business Class LIVE: Summit for Success, plus how a small business credit card can help you manage business expenses.
Amex Virtual Campus Auditorium at Business Class LIVE: Summit for Success.
Until last week, the last time I stayed at a hotel was back in March. Since the pandemic began, I spent months locked down alone in my D.C. apartment, then with family in Upstate New York. I took bike trips and road trips to go camping, but I avoided hotels completely.
In the meantime, hotels, like the rest of the travel industry, were suffering. According to the American Hotel & Lodging Association, hotels are facing a debt crisis and a historic wave of foreclosures as the pandemic’s economic impact on the industry is estimated to be nine times greater than that of 9/11. As a result, they’ve been doing everything they can to attract business.
For some, that means promoting packages for remote workers or encouraging families to take remote-school vacations. For most, it means amplifying their new coronavirus precautions so that customers feel safe booking (and staying at) hotels