Friday, September 28th, 2018

Chase Lets Customers Lock, Unlock Credit Cards from Their Phone and Computer
Press Release

Chase announced a new feature that provides its customers with the ability to “temporarily turn off their Chase credit cards immediately, stopping them from being used when left behind or misplaced.”

According to a company press release, “the lock/unlock feature will allow customers to quickly lock or unlock their credit card right from their phones through the Chase Mobile app or by computer via to instantly block new purchases, cash advances and balance transfers.”

The feature will be available to Chase debit cards before the end of the year.

The SEC Sues Elon Musk
SEC Complaint

The Securities and Exchange Commission filed a lawsuit against Tesla CEO, Elon Musk. The suit looks to bar Musk from running a public company.

Musk is accused of misleading investors over his tweets last August stating that he had secured funding to take Tesla private.

Musk has since released a statement to TechCrunch stating that the lawsuit was an “unjustified action by the SEC”.

Cargo, a Company that Turns On-Demand Rides into Mini Corner Stores Gets New Funding

The company announced in a tweet that it raised its Series A round of funding which was led by Founders Fund and includes investors such as CRCM Ventures, and Rosecliff Ventures.

According to Forbes, the company raised $22.5 Million.

Cargo reports that it works with over 12,000 drivers across 10 U.S. cities. The company announced in the summer that it has team with Uber and Grab to offer its services to drivers and riders on the network.