Payments – Karma https://karmaimpact.com Advancing people, planet and profit. Tue, 10 Dec 2019 16:14:23 +0000 en-US hourly 1 https://wordpress.org/?v=5.2.3 ‘Crucible for Innovation’: Why Jack Dorsey Is Planning on Spending Quality Time in Africa in 2020 /crucible-for-innovation-why-jack-dorsey-is-planning-on-spending-quality-time-in-africa-in-2020/ /crucible-for-innovation-why-jack-dorsey-is-planning-on-spending-quality-time-in-africa-in-2020/#respond Mon, 09 Dec 2019 16:54:00 +0000 /?p=14174 When Jack Dorsey, CEO of social media giant Twitter and mobile payments company Square, announced he’ll be spending up to half a year in Africa on Nov. 27, a chorus of criticism erupted calling his move “ill-advised.”  Scott Galloway, Twitter shareholder and New York University marketing professor, even wrote a letter to the board calling […]

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]]> /crucible-for-innovation-why-jack-dorsey-is-planning-on-spending-quality-time-in-africa-in-2020/feed/ 0 ‘Billionaire Effect’ Provides Investors with Higher Returns, UBS Says /billionaire-effect-provides-investors-with-higher-returns-ubs-says/ /billionaire-effect-provides-investors-with-higher-returns-ubs-says/#respond Mon, 11 Nov 2019 19:54:23 +0000 /?p=13659 Billionaires are of a different breed, which may be good news for investors. Their determination, focus and appetite for risk not only sets them apart, but also drives their companies to outperform others. This so-called “Billionaire Effect” means that investors in a billionaire-controlled company saw a 17.8% return in the period from 2003 to 2018, […]

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]]> /billionaire-effect-provides-investors-with-higher-returns-ubs-says/feed/ 0 Can This Digital Payment Card Win Over Gen Z Clients? Not So Fast. /can-this-digital-payment-card-win-over-gen-z-clients-not-so-fast/ /can-this-digital-payment-card-win-over-gen-z-clients-not-so-fast/#respond Fri, 08 Nov 2019 17:00:28 +0000 /?p=13637 Key Takeaway: Mitto hopes that its digital payment card wins over Generation Z clients in Spain, Latin America, and the E.U., but heavy competition and an underwhelming history with prepaid debit cards might put the breaks on its global expansion. Mitto, a Spain-based company tailoring its digital payment cards exclusively to Generation Z, wanted to […]

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]]> /can-this-digital-payment-card-win-over-gen-z-clients-not-so-fast/feed/ 0 Carlyle Group’s Big Bets on Energy, Technology Help Propel Third-Quarter Profit /carlyle-groups-big-bets-on-energy-technology-help-propel-third-quarter-profit/ /carlyle-groups-big-bets-on-energy-technology-help-propel-third-quarter-profit/#respond Thu, 31 Oct 2019 20:24:19 +0000 /?p=13253 Private equity giant Carlyle Group completed a blockbuster majority stake acquisition in the energy sector and invested in a promising artificial intelligence technology company in an upbeat third quarter that topped estimates.   Co-CEOs Kewsong Lee and Glenn Youngkin said that the company achieved “solid operating momentum” while cautioning they are operating in an “investment environment […]

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]]> /carlyle-groups-big-bets-on-energy-technology-help-propel-third-quarter-profit/feed/ 0 Congress Grills Zuckerberg for Pitching Libra as Solution for the Unbanked /congress-grills-zuckerberg-for-pitching-libra-as-solution-for-the-unbanked/ /congress-grills-zuckerberg-for-pitching-libra-as-solution-for-the-unbanked/#respond Wed, 23 Oct 2019 21:29:31 +0000 /?p=13089 Facebook CEO Mark Zuckerberg, testifying again today on Capitol Hill, faced pushback from members of Congress skeptical of his claims the social media giant’s proposed Libra stablecoin is intended to help the world’s unbanked. The hearing before the House Committee on Financial Services was supposed to be about Libra but ranged from banning anti-vaccination ads […]

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]]> /congress-grills-zuckerberg-for-pitching-libra-as-solution-for-the-unbanked/feed/ 0 Want to Release the Animal Spirits? Break the Glass Ceiling, Study Suggests /want-to-release-the-animal-spirits-break-the-glass-ceiling-study-suggests/ /want-to-release-the-animal-spirits-break-the-glass-ceiling-study-suggests/#respond Thu, 17 Oct 2019 20:52:56 +0000 /?p=12851 Key Takeaway: Gender diversity can pay off for investors as companies that promote women to CEO and CFO are likely to be more profitable and have better stock performance. Shattering the glass ceiling isn’t just the right thing to do. Turns out it’s the profitable thing to do.  Promoting women to executive positions leads to […]

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]]> /want-to-release-the-animal-spirits-break-the-glass-ceiling-study-suggests/feed/ 0 World’s Biggest Banks Slowly Embracing Climate Initiative Championed by Carney, Bloomberg /worlds-biggest-banks-slowly-embracing-climate-initiative-championed-by-carney-bloomberg/ /worlds-biggest-banks-slowly-embracing-climate-initiative-championed-by-carney-bloomberg/#respond Wed, 16 Oct 2019 19:49:57 +0000 /?p=12842 Wells Fargo, Commerzbank and UniCredit are among the world’s biggest banks yet to sign on to a climate change initiative championed by Bank of England governor Mark Carney and billionaire Mike Bloomberg that would help environmental impact investors allocate their funds. The Task Force on Climate-related Financial Disclosures (TCFD) seeks to get banks and other […]

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]]> /worlds-biggest-banks-slowly-embracing-climate-initiative-championed-by-carney-bloomberg/feed/ 0 Citi’s New Sustainability Chief to Lead Low-Carbon Transition, As Banks Push Green Incentives /citis-new-sustainability-chief-to-lead-low-carbon-transition-as-banks-push-green-incentives/ /citis-new-sustainability-chief-to-lead-low-carbon-transition-as-banks-push-green-incentives/#respond Tue, 01 Oct 2019 21:48:24 +0000 /?p=12466 Citigroup, ready to meet a ten-year $100 billion sustainability goal four years ahead of schedule, named the executive in charge of the initiative to the new position of chief sustainability officer as the company joins a host of banks and big corporations boosting their green bona fides. Val Smith, 49, who oversaw the $100 billion […]

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]]> /citis-new-sustainability-chief-to-lead-low-carbon-transition-as-banks-push-green-incentives/feed/ 0 Protect the Environment, Borrow at Discounted Rates: The Rise of Sustainable Loans /protect-the-environment-borrow-at-discounted-rates-the-rise-of-sustainable-loans/ /protect-the-environment-borrow-at-discounted-rates-the-rise-of-sustainable-loans/#respond Fri, 06 Sep 2019 20:16:28 +0000 /?p=11813 Plenty of companies say they want to save the planet. It makes for good headlines and warm, fuzzy feelings, but what about investing actual money to back claims of environmental and social responsibility?  Enter the sustainability-linked loan, or SLL.  SLLs are a type of loan where a borrower is incentivized to meet sustainability performance goals […]

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]]> /protect-the-environment-borrow-at-discounted-rates-the-rise-of-sustainable-loans/feed/ 0 Chase Pay App Demise Highlights U.S. Lag in Mobile Pay Adoption /chase-pay-app-demise-highlights-u-s-lag-in-mobile-pay-adoption/ /chase-pay-app-demise-highlights-u-s-lag-in-mobile-pay-adoption/#respond Fri, 23 Aug 2019 21:42:23 +0000 /?p=11572 When JPMorgan Chase & Co. said this week it was shutting its Chase Pay app, it was a sign of struggles — and opportunities — for banks and tech firms as Americans lag the world in paying for stuff with their smartphones.  The winding down of Chase Pay , a mobile wallet app for in-store […]

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