PROFILE
FROM Joshua Brustein
Rejecting Apple Pay It’s been one week since the launch of Apple’s new mobile payment app, the appropriately named Apple Pay. But some retailers didn’t get the memo: CVS and Rite-Aid have both rejected Apple Pay, along with Google Wallet and other mobile payment apps. Wal-Mart, meanwhile, is planning its own mobile payment technology. What’s in store for consumers?
Could the Post Office Be a Bank for the Poor? With almost no banks in their neighborhoods, 68 million Americans don't have checking or savings accounts. Fees to pay-day lenders and other financial predators cost some 10% of their incomes. That's according to the Inspector General of the Postal Service , who says his agency may have a solution. With three fifths of all post offices in ZIP codes with only one bank or no banks at all, the Postal Service is well positioned to provide such financial services. The banking industry doesn't like it.
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Securing Public Spaces, Super Wealthy Asians Vehicles are increasingly being used as weapons, as seen in the London Bridge attack over the weekend and in New York’s Times Square last month. The Compton-based company Calpipe is designing security bollards to help make public spaces safer. And novelist Kevin Kwan satirizes the “crazy rich” Asian jet set and their luxurious tastes in his latest book, “Rich People Problems.”