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Philadelphia Passes Ban On Cashless Stores To Fight Income Discrimination

PYMNTS

Lawmakers in Philadelphia have passed a ban on cashless stores, making it the first major city in the U.S. The politician who introduced the bill, Philadelphia City Councilman William Greenlee, said he thinks the general move toward a cashless city is discriminatory toward lower income individuals and other marginalized populations.

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Fed banks analyze consumer use of card promos

Payments Dive

New research from the Philadelphia and Boston Feds finds that consumers are cycling through low APR credit card offers.

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Philadelphia Mall Owner Takes Care Of Its Own

PYMNTS

But apparently they’re doing something right in Philadelphia. The Philadelphia Real Estate Investment Trust (PREIT) owns 17 malls surrounding the New York-New Jersey-Pennsylvania corridor, with a smattering of properties near Detroit and Washington, DC.

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Today In Retail News: Philadelphia Mall Reopens, Ralph Lauren Cuts Workforce

PYMNTS

In today’s top retail news, Philadelphia Real Estate Trust reopens its newest property, Ralph Lauren cuts its workforce and Mall of America offers space to local businesses. Philadelphia Mall Owner Takes Care Of Its Own.

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JPMorgan Bucks The Trend, To Open 50 New Branches In Philadelphia

PYMNTS

CNBC, citing an interview JPMorgan Chase Chief Executive Jamie Dimon had with Jim Cramer on Squawk Alley, reported the company is gearing up to open 50 new branches in Philadelphia, Delaware and southern New Jersey during the course of the next five years. in an effort to strengthen its retail business. .”

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Wells Fargo Loses Contract With City Of Philadelphia

PYMNTS

Wells Fargo is trying to move beyond its fake account scandal, but that’s not happening at least in the city of Philadelphia, where the embattled bank lost a big government contract. Officials in the city of Philadelphia said the move to switch payroll providers wasn’t due directly to the scandal, although it did play some role. “We

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Coronavirus Refunds: Philadelphia Flyers, 76ers To Provide Reimbursement Options; Journey Calls Off Tour To Enable Refunds

PYMNTS

Two Philadelphia sports teams, the 76ers and the Philadelphia Flyers, will reportedly provide fans with credits or reimbursements for regular-season games at their shared stadium that go unplayed due to COVID-19, The Philadelphia Tribune reported.