San Francisco Board of Supervisors passes ban on cashless retail
Payments Dive
MAY 9, 2019
San Francisco became the latest municipality to ban cashless retail as vulnerable populations demand equal access to shopping and dining service.
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Payments Dive
MAY 9, 2019
San Francisco became the latest municipality to ban cashless retail as vulnerable populations demand equal access to shopping and dining service.
PYMNTS
MAY 15, 2018
The Amazon Go store is getting ready to expand into San Francisco and Chicago. According to Mashable , the company posted four job listings last month looking for retail employees in the new locations. The first cashierless Amazon Go store opened in January in Seattle after being in development for five years.
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Bank Innovation
AUGUST 15, 2017
The San Francisco-based company, has made numerous strides, from issuing its millionth loan to expanding its retail partnerships; from preparing to launch new products in the fall to moving into a permanent office space. This has been a good year for Affirm, the lending startup established by PayPal co-founder Max Levchin.
Bank Innovation
MARCH 27, 2019
SigFig, a San Francisco fintech specializing in robo advice, today unveiled SigFig Atlas, an interactive platform for financial advice and software-guided sales that faces both retail banks and their customers.
Bank Innovation
MARCH 9, 2018
EXCLUSIVE - On March 6 in San Francisco, 12 impressive startups demoed their latest in fintech technology at INV Fitnech's 2nd annual demo day. INV Fintech, the sister accelerator to Bank Innovation, is partnered with Fiserv and eight banking partners with over $3 trillion dollars in assets.
Bank Innovation
MARCH 2, 2018
EXCLUSIVE – Anand Talwar, deposits and consumer strategy executive at Ally Bank has joined the speaker faculty for Bank Innovation 2018, taking place next week March 5 to 6 in San Francisco. He also is responsible for.Read More.
PYMNTS
JANUARY 12, 2021
Organized crime rings are taking advantage of the pandemic, looser police enforcement and a softening in anti-shoplifting laws to swipe tons of merchandise from retail stores and warehouses across the United States. Just in the past month, police in San Francisco and Polk County, Fla., A Growing Problem.
PYMNTS
JANUARY 11, 2021
retail rents falling in many locales by percentages even greater than those seen in or after the 2007-08 Great Recession. These decreases are historic,” the Real Estate Board of New York wrote in a new report showing that average Manhattan retail asking rents fell in all of the island’s 17 retail corridors during autumn.
PYMNTS
MARCH 25, 2019
To help meet customer expectations in the digital age, retailers have to know who their shoppers are and what they want. While eTailers already have this information about consumers, brick-and-mortar retailers don’t have this in-depth knowledge. They can also help capture the ages, genders and emotions (in some cases) of shoppers.
Bank Innovation
MAY 18, 2018
The San Francisco-based challenger bank just crossed the one-million accounts mark, Britt told Bank Innovation, over a span of less than […]. Neobanks, better established across the Atlantic in Europe, are starting to grow up in the U.S.
PYMNTS
SEPTEMBER 11, 2019
Virtual reality could have more retailers reach more consumers in the coming few years — in large part by upping the consumer experience. Four temporary pop-ups have opened and are opening in New York, San Diego, San Francisco and in the Las Angeles suburb Santa Anita, CNBC reports. and Europe by 2022. Amazon VR Push.
PYMNTS
NOVEMBER 20, 2020
San Francisco-based Chipper got its start building a base in the P2P payments sector in Kenya, Rwanda, Tanzania, Nigeria, Uganda and Ghana. The startup has since expanded into eCommerce with a service targeted at retailers and other online merchants, Chipper Checkout. Ribbit Capital, a VC firm in the U.S.
PYMNTS
SEPTEMBER 29, 2020
But there are plans to expand it across Seattle, New York, Chicago and San Francisco, the company said. If it’s a hit with users, Amazon plans to bring it to other retailers as well as performance venues and the nation’s offices.
Bank Innovation
FEBRUARY 19, 2020
Level, a digital banking startup based in San Francisco Calif., is trying to hook customers with a 2.1% savings account annual percentage yield.
Bank Innovation
SEPTEMBER 13, 2017
This makes sense, since the San Francisco-based digital bank’s mobile app is currently only available on iOS. EXCLUSIVE- SME banking app, Seed, is gearing up to roll out a tool that supports Apple iPhone X’s new Face ID feature, Bank Innovation learned.
Bank Innovation
MARCH 7, 2018
EXCLUSIVE (SAN FRANCISCO) -- Welcome back to the fintech boom. At this time last year, fintech was in a downturn. Fintech venture funding was down more than 9% year-over-year; valuations seemed stuck. But the fintech market has rebounded.
Bank Innovation
SEPTEMBER 11, 2019
In one fell swoop, the San Francisco-based startup rebelled against a trend that’s become a table-stakes offering among digital-only banks, including N26’s “Spaces” and Monzo’s “Pots.” ” […].
PYMNTS
AUGUST 28, 2020
We have deep dives on retail’s digital D2C shift, blank-check companies, and DoorDash’s IPO plans. DoorDash , the San Francisco-based prepared food delivery service, is planning to go public by year’s end, after filing confidentially in February. DoorDash Moves Ahead With Q4 IPO Plans. Trackers and Reports.
PYMNTS
JANUARY 9, 2020
And in unattended retail, Stockwell ’s new name sparked a turnaround for the firm. 1,000: Minimum number of Stockwell machines across the San Francisco Bay Area, Los Angeles, Houston and Chicago. percent: The rate by which overall retail sales increased from Nov. All this, Today in Data.
Bank Innovation
JUNE 19, 2019
The Series C funding round, led by Andreessen Horowitz, will help the San Francisco-based company hire more engineers to help build out more products, according to Erica Dorfman, Tally’s head of finance and operations. […].
PYMNTS
JULY 2, 2020
The Payment Choice Act is aimed at businesses that refuse to accept cash as payment or retailers that charge a fee for cash transactions, the network reported. State laws to protect cash have already been passed in Massachusetts, New Jersey, New York City, San Francisco and Philadelphia.
PYMNTS
NOVEMBER 19, 2020
The round was led by Food Retail Ventures and joined by existing investors Innovation Endeavors , Maersk Growth , and Baseline Ventures. The San Francisco-based startup also is welcoming food industry veteran James McCann to its board. McCann is CEO of Food Retail Ventures and a former CEO of supermarket giant Ahold USA.
PYMNTS
JANUARY 18, 2021
“As we respond to the urgent challenges of the COVID-19 pandemic and look forward to our economic recovery, we can’t lose sight of our long-term financial situation,” said San Francisco Mayor London Breed in a press release. The New York Times reported that remote work has meant many San Franciscans have fled the Bay area.
PYMNTS
APRIL 14, 2020
COVID-19 could mark the true rise of the robots in retail. After seeing an initial crash due to unprecedented demand when the COVID-19 crisis hit, the retailer is now using robots to pick and pack customer orders. consumers showed a negative stance toward robots at retail, but it will be interesting to see if that changes post-COVID.
PYMNTS
AUGUST 22, 2019
To differentiate his eCommerce site from the many other sock sellers, Williams came up with the idea of introducing a vending machine for socks – otherwise known as an automated retail unit – at the Westfield San Francisco Centre shopping mall. It sits at the Powell/Market Street Bart entrance of the mall’s concourse level.
PYMNTS
FEBRUARY 21, 2019
could force retailers and restaurants in a number of states to accept cash as a payment method. Meanwhile, the paper reported New York City, Washington, San Francisco and Chicago are looking at similar legislation. With a move toward cashless societies growing around the world, new legislation in the U.S.
Bank Innovation
JUNE 20, 2019
Citizens Bank is generating one-third of its mortgage applications online, thanks to a suite of tools the company rolled early this year and a partnership with San Francisco-based fintech firm Blend.
PYMNTS
MARCH 11, 2020
With personal interactions under scrutiny due to the COVID-19 disruption, it’s a good time for retailers to take stock of their mobile and online commerce capabilities and technologies. The company announced this week that it has signed high-end fashion retailer Anine Bing. The first is Perfect.
PYMNTS
MARCH 19, 2020
Square Financial Services will originate commercial loans to the retailers that use Square for payments. The Utah Department of Financial Institutions still has to issues approvals to the San Francisco-based FinTech. The headquarters will be in Salt Lake City, Utah. Square, Inc.
PYMNTS
NOVEMBER 17, 2020
Adyen , a FinTech whose payments platform is used by merchants and retailers around the world, is teaming up with San Francisco-based installment payment company Affirm in a new partnership, the companies announced on Tuesday (Nov.
PYMNTS
MARCH 17, 2020
It was supposed to be a thriving retail center in Milwaukee when it was built seven years ago. It’s one approach to a growing retail vacancy issue that local governments are getting more aggressive in trying to solve. and San Francisco. But it never happened. No one ever leased from the development called Viets Field.
PYMNTS
MARCH 6, 2020
The same could be same for retail, where foot traffic is key, where wandering customers and impulse buys can propel the top line. And if the reverse is true, if traffic does not materialize, or people look but don’t buy, well, retailers suffer. Some airports are starting to offer rent relief, said the Journal.
PYMNTS
DECEMBER 21, 2020
Bolt was founded in 2014 in San Francisco and works on tools to streamline web transactions. Retail Index showed that this accelerated the digital shift by five years, with eCommerce transactions for grocery orders alone hitting $5.9 The round saw the company's valuation hit over $215 million. Data from the IBM U.S.
Bank Innovation
FEBRUARY 18, 2019
Aura, a San Francisco-based fintech offering affordable loans to low to moderate-income households, wants to partner with banks to offer those loans to consumers who have traditionally been unable to secure them from larger institutions.
Bank Innovation
SEPTEMBER 24, 2019
For Aura, an online lending platform for low-income families, reaching underbanked borrowers means going beyond the bank setting and working with retailers to reach customers who may be overlooked by traditional lenders. In addition to […].
Bank Innovation
SEPTEMBER 25, 2019
The San Francisco-based company was one of the early movers in digital money management. By setting aside random amounts of money users don’t immediately need, personal finance app Digit has saved its customers more than $1 billion since its launch in February 2015.
Bank Innovation
AUGUST 2, 2019
Nyca Partners has closed on $210 million for its third investment fund, a vehicle that will let it continue to support the growth of fintech innovation, David Sica, partner at the New York- and San Francisco-based venture firm, told Bank Innovation. “I think there’s still a lot of opportunity,” Sica said.
PYMNTS
DECEMBER 28, 2016
Activewear brand Fabletics , which was co-founded by Kate Hudson in 2013, announced plans for a retail expansion across the U.S. The company confirmed that the new locations will bring the brand’s total retail store count to 30 locations throughout the U.S.
PYMNTS
MARCH 6, 2020
That’s the case with the new employment report from the Bureau of Labor Statistics, which showed that retail jobs held steady between January and February. Manufacturing, mining, wholesale and retail trade, and transportation and warehousing saw little change in employment for the month, the BLS said. Sometimes no news is good news.
PYMNTS
OCTOBER 5, 2016
Now, the big card companies — Visa, Mastercard, American Express and others — are all facing a class-action lawsuit brought by retailers over the new chip readers. It’s been a year since the EMV card reader deadline. Florida-based B&R Supermarket Inc. Florida-based B&R Supermarket Inc. 1, 2015.
PYMNTS
OCTOBER 23, 2018
To help shoppers check out without waiting in line, grocery retailers are rolling out entire stores centered around cashierless shopping experiences, enabling consumers to purchase fresh food and grocery items with a mobile payments app. ABI Research predicts that one million automated retail units will be in the Asia-Pacific region by 2023.
PYMNTS
SEPTEMBER 19, 2019
Apparel used to be mostly a brick-and-mortar retail experience, but that has changed drastically over the last few years – and has been one of the main innovations when it comes to commerce related to the clothes we wear. But at this point, it is also mostly table stakes in the race to bring apparel retail online.
PYMNTS
JUNE 29, 2020
are in talks with Sistema , one of the largest publicly traded companies in Russia, to purchase Ozon , the Russian online retailer, Reuters reported. In late March, PYMNTS reported Princeville Capital of San Francisco made a $50 million investment in Ozon. Amazon and SoftBank Corp.
PYMNTS
DECEMBER 14, 2018
Retailers are bringing experiential stores to big cities, and Starbucks is no exception: The coffee chain was set to open its Starbucks Reserve Roastery New York City on Friday (Dec. According to the announcement, the offering is available on the retailer’s eCommerce site and at its 1,400 retail locations.
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