CLEAR for Restaurant Access, Wells Fargo $250M Fine, Transforming Rewards into Savings & More

news roundup

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News Roundup

This is a roundup of news and other interesting pieces that I’ve come across over the last few days. Read about a new partnership between Resy, AmEx and CLEAR, another $250M for Wells Fargo, Walmart to start accepting Litecoin, options for transforming rewards into more savings and Southwest to start serving alcohol-free mixers.

Resy and American Express Partner with CLEAR for Restaurant Access

As restaurants grapple with evolving vaccine requirements and the complexity of operating amidst COVID-19, Resy, the hospitality technology platform owned by American Express, is partnering with CLEAR (NYSE: YOU), the secure identity company, to provide CLEAR’s Health Pass technology to all Resy restaurants free of charge through 2022. Health Pass by CLEAR – a premium tool within the CLEAR app – allows employers to manage staff health and safety protocols digitally, so the process is streamlined and simpler.

CLEAR’s Health Pass and Digital Vaccine Card are mobile experiences on the free CLEAR app. CLEAR’s digital vaccine card is able to link to vaccination results from hundreds of vaccine providers and national pharmacies, including Walmart, Atlantic Health System, state of California, and New York.

Wells Fargo Fined Another $250M by Federal Regulators

Even as Wells Fargo announced the expiration of a 2016 consent order levied by federal regulators in the wake of a fraudulent account scandal, it now faces a new $250 million fine related to issues stemming from the bank’s mortgage loss modification practices.

“Wells Fargo has not met the requirements of the OCC’s 2018 action against the bank. This is unacceptable,” Michael J. Hsu, acting comptroller of the currency, said in a statement Thursday accompanying the announcement.

Walmart to Accept Litecoin Payments

Walmart spokesman Randy Hargrove confirmed the press release is not authentic. He also said the retailer has been in touch with the newswire company to investigate how the false press release got posted.

Walmart has announces a major partnership with Litecoin. The eCommerce giant intends to give its millions of shoppers across the world an opportunity to seamlessly make payments with cryptocurrencies.

Released in 2011, Litecoin is one of the oldest digital currencies in the crypto ecosystem. Litecoin (LTC) is similar to Bitcoin (BTC), in that it uses the same code as the latter, and shares many similarities. However, Litecoin is cheaper and faster than Bitcoin. Litecoin is also a peer-to-peer cryptocurrency that facilitates cross-border transactions and enhances digital payment systems. Like Bitcoin, Litecoin has no central authority.

Points in the Bank – 15 Simple Options for Transforming Rewards into More Savings

How to save money with points, credit cards, and other loyalty programs. Some options involve taking tried and true methods and tweaking them for cash over travel. Others involve redirecting lifestyle creep possibilities to more practical, everyday savings solutions. 

Southwest Will Start Serving Cocktail Mixers On Board, Without The Alcohol

While alcohol won’t be served on board, mixers will be as a standalone starting next month because the airline had planned to bring back cocktail service and had to order things like seltzer water and tonic water along with cranberry cocktail juice, orange juice, and ginger ale. These will be added to the current lineup of Coke, Diet Coke, water and 7-Up.

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