Payments Monitor

Good morning, welcome to Payments Monitor, my name is Faisal Khan, today is the 9th of October 2015, and some top stories of interest in my feed are: TOP STORIES Starbucks will soon be accepting Apple Pay. This announcement was made by Jennifer Baily at the Code/Recode Mobile conference in California. Starbucks has already started trials of accepting payments via Apple Pay in some of it stores and expect a complete rollout by 2016. British Bank Standard Chartered’s CEO Bill Winters announced plans to lay-off 1,000 top managers, as part of the overhaul in progress to turn the bank around. Oddly enough Mr. Winters was issued more than 6 Million British Pounds worth of shares in compensation for leaving City of London hedge fund that he founded. Will the US economy, the largest in the world, expect a recession in 2016? A delayed Fed rate hike and turmoil in global equity markets might suggest so. The probability that US will enter a recession jumped to 15%, the highest since October 2013. However, in a separa