Separate incentives for debit, credit transactions
US bank Wells Fargo is offering one-time payments as an incentive to try Apple Pay. Customers willing to make a first-time credit card transaction through the service are being given $20, while a debit or prepaid transaction is worth $10. Both offers expire after November 30th; the $20 credit should appear on a statement in one or two billing cycles, but the $10 credit should appear in a checking account within 45 days.
Kodak readying Chapter 11 filing as precaution
Kodak is drafting Chapter 11 bankruptcy filings in the event it can't sell patents in the next few weeks, insiders asserted Wednesday. The proposed plan seen by the Wall Street Journal would see the camera legend possibly enter bankruptcy later this month or in early February. The reorganization would see it get $1 billion of debtor-in-possession funding and sell its entire library of 1,100 patents through a bankruptcy auction rather than a typical process.