Chapter 7
https://www.amazon.com/Cashless-Society-101-Leadership-Innovation/dp/1637306660/ref=tmm_pap_swatch_0?_encoding=UTF8&qid=1660677390&sr=8-1 #bookcreators #booklaunch #cashlesssociety
2020, despite the covid-19 pandemic and other strange realities was the year for political commentary, racial tension and yes digital expertise. As if we were actors commissioned for one large intergalactic stage performance, all mere mortals were forced to halt their goals, dreams, plans and lives to survive, care for each other and yes, even reflect and reckon with history.
JPMorgan Chase & Co., Wells Fargo & Co., U.S. Bancorp and others recently announced that they will factor in information from applicants’ checking or savings accounts at other financial institutions to increase their chances of being approved for credit cards late 2021. The effort, if successful, would mark a significant change in the underwriting tactics of big banks, which for decades have enshrined credit scores and credit reports as the main tools to determine who gets a loan. They generally reflect a person’s borrowing history in the U.S., including whether they pay their loans on time. Those who pay only with cash or debit cards, or who are new to the U.S., often don’t have credit scores.
#AskAsingia about #CashlessSociety101:
2020: The Year of Reckoning
The Long, Ugly History of “Creditworthiness” and 3 Ways a Cashless Society Promotes Equity
From Boeing to Ballots: Trust in the Digital Age