Payments Dive

MAY 31, 2019

The long-awaited pilot program to test tap-and-go payments in public transit in New York City is being closely watched to see if U.S. consumers will finally embrace mobile wallet and contactless card use.

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Payments Dive

APRIL 13, 2018

That was the overarching message to retailers from a group of executives on a panel at the recent Oracle Industry Connect in New York City. Retailers must be aware of what's changing in payments to better serve their customers.

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Bank Innovation

OCTOBER 5, 2016

Earlier this week, it was announced that both Apple Pay and Masterpass are now integrated into MTA’s eTix, meaning that the millions who use the MTA trains to get into and out of New York City every day can purchase tickets digitally. The announcement was made yesterday and changes went into effect today.

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Payments Dive

MAY 31, 2019

The long-awaited pilot program to test tap-and-go payments in public transit in New York City is being closely watched to see if U.S. consumers will finally embrace mobile wallet and contactless card use.

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Bank Innovation

MARCH 20, 2018

’s Barclays, Square Capital, Goldman Sachs, Nasdaq, Lemhi Ventures, HCA, and the Partnership Fund for New York City. Artificial intelligence startup Digital Reasoning has raised $30 million from a group of major banks, in a round led by French bank BNP Paribas. The other investors include U.K.’s The.Read More.

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Bank Innovation

FEBRUARY 14, 2020

In this episode, editors discuss the following news developments: The implications of banking startup Varo’s FDIC approval; How U.K. card startup Curve opened a New York City office in advance of its U.S. Welcome to the latest episode of our Weekly Wrap series, for the week ending Friday, Feb.

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Bank Innovation

JANUARY 26, 2020

New York City-based Grasshopper Bank is geared toward startups, with a focus on pain points for founders. Grasshopper opened in May 2019 after securing FDIC and OCC approval, a rare distinction for a digital-only bank.

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Bank Innovation

SEPTEMBER 27, 2019

New York City-based business banking startup Novo is growing its partnership model to attract and retain customers. This week, digital-only Novo integrated with money transfer service TransferWise to allow its clients to send money across borders through Novo’s mobile banking platform.

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PYMNTS

FEBRUARY 19, 2020

Such is the situation emerging in New York City among taxi and ridesharing drivers — who, in an attempt to avoid the coronavirus, are avoiding Chinese passengers. so far — none of which have been in New York state, let alone New York City. The flu in 2020 has a higher lethality rate. “We

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PYMNTS

SEPTEMBER 25, 2020

Dining out has taken on new meaning in New York City. Open Street, the city program that closes street blocks to vehicular traffic, will also be permanent. “I New York winters can be cold and restaurateurs who want to heat their outdoor dining spaces with enclosures can do so.

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PYMNTS

JANUARY 8, 2021

Retail rents have plummeted to historic lows in New York City amid the COVID-19 pandemic, as bankruptcies and vacancies penetrated the area, CNBC reported on Friday (Jan.

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PYMNTS

JANUARY 29, 2021

If coronavirus cases stay at a stable level, New York Governor Andrew Cuomo said eateries in the Big Apple will be able to open again for indoor dining starting on Valentine’s Day at restricted volume, CNBC reported. The holiday surge from New Year's and Christmas seems to be over, reaching a high on Jan. 28 from a 7.1

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Bank Innovation

AUGUST 29, 2019

New York City commuters this week will have their first exposure to European banking brand N26 through ads posted on subway cars. The Berlin-based company launched its mobile banking product to U.S.

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Bank Innovation

JULY 3, 2017

The Office of the Comptroller of the Currency (OCC) announced its Office of Innovation will host Office Hours for financial institutions and fintechs, to be held from July 24 to 26, at the OCC’s district office in New York City. Companies can request a slot by July 5. The OCC held its […].

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PYMNTS

AUGUST 3, 2020

It’s closing time for many small businesses in New York City. The New York Times said a new report from the Partnership for New York City estimated that one-third of the city’s 240,000 small businesses could close down and vanish.

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PYMNTS

JANUARY 14, 2021

As the pandemic continues to bash the economy, all too many New York City apartment dwellers simply can’t pay the rent. Meanwhile, the city’s overall economic situation does not look good. The result, according to a landlords group said, is that NYC tenants have fallen behind to the tune of more than $1 billion.

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PYMNTS

JANUARY 6, 2021

The new Fiscal Outlook from the New York City Independent Budget Office finds that the COVID-19 pandemic has likely made it so the city's economy won't fully recover for years. The report released Wednesday (Jan.

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PYMNTS

SEPTEMBER 15, 2020

intends to provide a $20,000 bonus to workers who choose to leave San Francisco, Seattle or New York while reducing their base salaries by up to 10 percent, Bloomberg reported, citing an unnamed source. As a number of companies have provided workers with greater flexibility with the location and method of work, Stripe Inc.

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PYMNTS

MAY 14, 2020

Union Square Hospitality Group founder and CEO Danny Meyer said he doesn’t see reopening the dining rooms of his 19 restaurants located across New York City until after there is a vaccine for the coronavirus. Outdoor seating is another option being considered as New York City explores ways to expand outside dining space. .

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PYMNTS

MAY 22, 2019

specifically, the use of such payments for mass transit in New York City. In an new PYMNTS discussion, Dan Sanford, Visa ’s global head of contactless payments, talked with Karen Webster about the May 31 launch of a contactless payments pilot involving the Metropolitan Transportation Authority (MTA) in New York City and Chase.

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South State Correspondent

SEPTEMBER 23, 2019

If you want a more innovative bank, it starts, and largely stops, with what your approval process looks like for new technology. Take a human and force them to grow up in New York City. Around age 20, you force them to go to conferences on living in the outdoors, hunting, fishing, and survival.

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PYMNTS

SEPTEMBER 17, 2020

In fact, things are so bad that hotel industry leaders and municipal officials in New York and other major cities are already arguing about what will happen after hotels close. It follows on the heels of similar legislation passed by city officials in Los Angeles and other big cities, the Journal reports.

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Bank Innovation

JULY 4, 2019

ComplyAdvantage, a New York City-based firm that uses machine learning to […]. Charlie Delingpole, founder and CEO of regtech startup ComplyAdvantage, said big tech firms like Google, Apple, Facebook and Amazon face no shortage of regulatory headaches by venturing into financial services.

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PYMNTS

SEPTEMBER 9, 2020

New York City will reinstate indoor dining as of Sept. Indoor dining was one of the few things still banned in the Big Apple as the city began reopening procedures months ago, with the reasoning being the ease of transmitting the highly-contagious coronavirus in closed indoor settings.

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PYMNTS

SEPTEMBER 29, 2020

Bankruptcy filings are surging in New York City with almost 6,000 closures, representing a 40 percent increase, according to Bloomberg , and it's forecasted to keep getting worse.

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PYMNTS

SEPTEMBER 22, 2020

Eighty-seven percent of New York City restaurants, bars and other such venues couldn't pay their full rent during August, according to the most recent Rent Report from the NYC Hospitality Alliance. The alliance surveyed 457 restaurants, bars, nightclubs and event venues in the NYC area between Aug. 25 and Sept.

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PYMNTS

MAY 19, 2019

The New York City taxicab industry has been suffering, with a series of suicides plaguing taxi drivers over the past year as they struggle with debt and financial strife. While New York City has long blamed Uber and Lyft for the industry’s woes, a New York Times investigation found the fault lies with industry leaders.

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PYMNTS

DECEMBER 11, 2020

New York City's famous FAO Schwartz store will be listed on Airbnb for someone to stay in for a night on Dec. The booking will only be available for one New York City family of four, all living under the same roof, for just $25 plus taxes. 21 this year, Radio.com reports.

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Bank Innovation

SEPTEMBER 19, 2019

New York City-based Grasshopper Bank is building a digital banking product ecosystem for the startup community.

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Bank Innovation

JUNE 3, 2019

New York City-based Grasshopper Bancorp, a newly-launched digital-only bank targeting startups, was built from scratch with its sights on global expansion. The approach requires flexibility -- and lots of it. “We We rewrote everything,” CEO Judith Erwin told Bank Innovation.

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Bank Innovation

MAY 9, 2019

Though he could not disclose a timeline, Mitchell noted he's currently visiting New York City to lay the groundwork for the launch. “We Payments software provider Episode Six will launch in the U.S. soon, according to its co-founder and CEO John Mitchell.

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PYMNTS

APRIL 14, 2020

For example, in New York City … Grubhub has a whopping 66 percent market share of the meal delivery market,” the lawsuit says. She added that said she should not be “paying more for my food” to protect apps. As more people work from home during the coronavirus pandemic, Uber Eats made the move to expand globally.

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Bank Innovation

DECEMBER 26, 2018

By the time the API-powered recommendation platform company Even Financial announced this month that JPMorgan Chase executive Nadine Murray joined the team as senior vice president of strategy, it merely capped off a year of big moves for the New York City-based fintech. The […].

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PYMNTS

OCTOBER 23, 2020

Mastercard first celebrated National Women’s Small Business Month last year by gathering its Women’s Business Advisory Council for a retreat in New York City. A partnership model also invites cross-pollination between FinTechs and the Mastercard matrix. .

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PYMNTS

DECEMBER 21, 2020

Nordstrom is rolling out a same-day gift delivery service in New York City that will be available for orders placed by late afternoon. Meanwhile, Walmart and Amazon are jousting to the end in an effort to win holiday shoppers’ last-minute orders and get them delivered for Christmas.

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PYMNTS

NOVEMBER 26, 2019

Mastercard has announced that it will refund cardholders up to $10 off their cab rides, every Tuesday through the end of the year (including New Year’s Eve and Day), in yellow or green taxis equipped with Curb Mobility or CMT technology systems in New York City. Merchants and Acceptance Linda Kirkpatrick, at the time.

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PYMNTS

SEPTEMBER 25, 2020

New York City might shutter nonessential businesses in multiple districts and prohibit groups of over 10 individuals, city officials cautioned, The Wall Street Journal reported. The warning come as city leaders said on Friday (Sept. New York has given the locations up to the night of Monday (Sept.

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