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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Ampm opens autonomous convenience store in San Francisco stadium
Payments Dive
AUGUST 14, 2023
The store uses AiFi and Verizon Business technology to power a frictionless shopping experience where customers swipe a credit card at the entrance, grab their items and leave.
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San Francisco May Be First City To Ban Facial Recognition
PYMNTS
APRIL 16, 2019
The city of San Francisco moved a little closer to banning facial recognition software after adding amendments to the Stop Secret Surveillance ordinance. If it passes, San Francisco would become the first city to ban the technology that is used to unlock mobile devices and make purchases.
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San Francisco Surveys On-Demand Delivery Couriers
PYMNTS
OCTOBER 5, 2018
To learn more about the workers who deliver items such as food and groceries through startups, the San Francisco Municipal Transportation Agency (SFMTA) is launching a survey. San Francisco has concerns over traffic: To that end, the city is one of the most congested in the world.
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San Francisco Votes To Ban eCigarettes
PYMNTS
JUNE 26, 2019
In a ban that would be the first of its kind to go into effect in the United States, San Francisco has voted to prohibit the sale of eCigarettes. While the law is reportedly geared toward all eCigarette firms, the report noted that the legislation “has to feel personal” for San Francisco-based Juul Labs Inc.
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Postmates Testing Robot Delivery In San Francisco
PYMNTS
AUGUST 16, 2019
Postmates sidewalk delivery robots are coming to San Francisco, but the autonomous service will have a human escort, TechCrunch reported on Friday (Aug. Marble, a San Francisco robot-delivery company, has also applied to deliver within city limits. . and after 6:30 p.m. on weekdays, the report said.
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California Opens Door For San Francisco Public Bank
PYMNTS
OCTOBER 7, 2019
California Governor Gavin Newsom has signed legislation allowing for the establishment of public banks in the state, and advocates in San Francisco are jumping at the opportunity. These institutions would connect other public entities to financing, reports explained, so they can fuel various projects to support the local community.
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101 Lyft Brings Pedal-Assisted Bikes, New Branding To San Francisco
PYMNTS
JUNE 11, 2019
With its rollout of pedal-assisted bikes, Lyft is using its own branding in the San Francisco Bay Area. Customers in San Jose are said to have access to the bicycles beginning on Tuesday (June 11). According to reports, the company is working with San Francisco to put out its eBikes later in June.
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Stripe To Give $20K Bonus, Then Pay Cut For Workers Who Leave New York City, San Francisco Or Seattle
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. Stripe, which is based in San Francisco, has approximately 2,800 employees and has depended on telecommuting for a long time.
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151 Amazon Go To Expand To San Francisco And Chicago
PYMNTS
MAY 15, 2018
The Amazon Go store is getting ready to expand into San Francisco and Chicago. We plan to open Amazon Go in Chicago and San Francisco,” said an Amazon spokesperson, who didn’t have information about other cities where the store might launch. Come join Amazon Go and help our customers get good food, fast!”
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Prime Members In San Francisco And Atlanta Get Free Whole Foods Delivery
PYMNTS
MARCH 6, 2018
Adding to the sundry benefits of Prime, Amazon is launching free two-hour delivery of Whole Foods groceries in Atlanta and San Francisco through Prime Now. Customers in San Francisco can order “select alcohol” for delivery as well. throughout 2018.
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Local Insights On Airbnb In San Francisco
PYMNTS
DECEMBER 2, 2016
San Francisco recently voted to impose a limit on the maximum number of days hosts could rent out their properties — which could bring major changes to the city’s gig economy. Airbnb eventually sort of settled with San Francisco back in 2015 — though it turned out to not be enough — and said it would better police its platform.
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How Five Star Bank aims to fill gap left by San Francisco failures
American Banker
JULY 8, 2024
A first-quarter rise in Bay Area deposits is a sign of bigger gains to come, San Francisco Bay Area President DJ Kurtze says. The Sacramento-area institution moved quickly and decisively to fill the gap created by the loss of First Republic and Silicon Valley Bank.
Five At Five: Amazon Gets Beat In San Francisco
PYMNTS
AUGUST 21, 2018
Cashierless Challenger Zippin Debuts i n San Francisco. Zippin, the cashierless store operator, is beating Amazon and its Amazon Go stores to the punch, opening up its first cashierless store in San Francisco. Today’s news includes coverage of how a company beat Amazon to the punch, and a new batch of worries for Tesla.
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San Francisco Fed bank-supervision chief to depart
American Banker
AUGUST 28, 2023
Azher Abbasi, executive vice president of the supervision and credit group at the Federal Reserve Bank of San Francisco, will retire on Oct. Niel Willardson, a former Minneapolis Fed official, will replace him as interim executive vice president Oct.
San Francisco DA Files Lawsuit Against DoorDash For Employee Mistreatment
PYMNTS
JUNE 17, 2020
Delivery company DoorDash is facing a lawsuit from the California Attorney General over allegedly illegally classifying its workers as contractors rather than employees.
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Stripe buys software rival Lemon Squeezy
Payments Dive
JULY 30, 2024
The San Francisco payments giant bought the 4-year-old Salt Lake City startup as it continues its global expansion.
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SF tech worker charged in murder of Cash App founder
Payments Dive
APRIL 13, 2023
San Francisco police arrested an IT worker in the murder of Bob Lee, who was knifed to death in the early morning hours of April 4. Police declined to discuss a motive at a Thursday press conference.
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Google Testing Same-Day Delivery In San Francisco
PYMNTS
JUNE 29, 2018
According to the report, the service — dubbed Google Shopping Express — is being tested with a small number of consumers in San Francisco and suburbs around it. If the test is successful, Google told NBC News it could expand into other markets. “We
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Ripple founder funds upgrades in San Francisco small-business zones
Payments Source
MARCH 3, 2021
Chris Larsen, co-founder and former CEO of the payments company, is donating $1.7 million to help merchant associations improve the city's lighting, crosswalk markings, sidewalks and trash receptacles.
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San Francisco Official Wants Tax On Robots That Put People Out Of Work
PYMNTS
SEPTEMBER 5, 2017
With a growing number of automated machines performing jobs and tasks that could eliminate jobs, one San Francisco official is pushing a statewide “tax” in California on robots that put people out of work. jobs are lost to automation. Gownder, an analyst at the research firm Forrester. “A
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San Francisco puts the kibosh on cashless retail, restaurants
ATM Marketplace
MAY 10, 2019
San Francisco has become the latest city to say no to cashless retail and foodservice as advocates for vulnerable populations demand equal access to shopping and dining establishments for the unbanked.
San Francisco Home Loan bank's president and CEO to retire in 2024
American Banker
AUGUST 4, 2023
The board of the Home Loan Bank of San Francisco chose not to renew Teresa Bryce Bazemore's contract that ends in 2024, and has initiated a search for a new CEO.
What The San Francisco 49ers’ New Loyalty Rewards Play Means For The Field
PYMNTS
OCTOBER 22, 2019
According to CNBC, the “San Francisco 49ers announced Monday that season ticket holders next year will get unlimited food and beverage items at Levi’s Stadium, as part of the team’s ‘Member Inclusive Menu’ initiative. The latest example of that comes from the NFL.
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Visa appoints advisory council for policy institute
Payments Dive
OCTOBER 18, 2023
The new council is tasked with providing “strategic guidance” to the San Francisco-based card giant’s Washington think tank, but none of the initial members are based in the U.S.
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Retail Pulse: Rent The Runway Opens San Francisco Store; Crate & Barrel Plans Restaurant
PYMNTS
SEPTEMBER 21, 2018
Rent the Runway , in particular, is opening a 2,600-square-foot store in San Francisco after outgrowing its 1,800-square-foot space inside of a Nieman Marcus store in the city. In San Francisco, the company’s third-largest market, 83 percent of transactions by subscribers are “self-service.”.
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Robo-Baristas Serving Up Coffee At San Francisco Cafe
PYMNTS
JANUARY 31, 2017
Like a scene right out of “The Jetsons,” patrons at Cafe X, a new coffee shop in San Francisco, can have their cup of joe served up to them by a robot. Yes, an actual robot.
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Nationwide to Talk Personalization, Data, and AI at Dreamforce 2024
Perficient
AUGUST 28, 2024
Dreamforce is right around the corner taking place in San Francisco on September 17 to 19, and learning how to get the most out of your customer data with AI-powered tools is top of mind. Next-level personalization strategies will undoubtedly be a key topic at Salesforce’s largest event this year.
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California’s fintech startups are invading New York
Bank Innovation
DECEMBER 3, 2019
Now, though, Stripe is leaving the tech mecca of San Francisco, awash in tech talent and investor cash, and is in the process of moving its main office about 10 […]. When two Irish brothers started Stripe Inc. together in 2010, there was little question about where they should put their headquarters. It had to be California.
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367 Momentum Machines Gets $18M In Venture Funding For San Francisco Restaurant Run By Its Burger Bot
PYMNTS
JUNE 15, 2017
Momentum Machines introduced its fully autonomous burger bot in 2012, and now, with news of an $18 million venture capital funding round , it’s one step closer to opening its flagship San Francisco restaurant based around the prototype, which has been in the works since June of last year. What does that even mean?
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FedNow won’t bring ‘tidal wave’ of change
Payments Dive
APRIL 21, 2023
“Payments solutions reach scale when they provide better usability, affordability, and security,” write partners at a San Francisco venture capital firm.
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San Francisco Startup Lumoid Lets Best Buy Shoppers Try Before They Buy
PYMNTS
JUNE 13, 2017
Thanks to a partnership with San Francisco startup Lumoid, it’s a rental option that lets electronics shoppers try before they buy. What does Best Buy have that Amazon doesn’t?
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Fiserv, Affirm partner on BNPL
Payments Dive
MAY 5, 2022
The company said Wednesday that San Francisco-based Affirm will be the first BNPL option integrated into its Carat service, which is directed at larger enterprises. Brookfield, Wisconsin-based Fiserv is adding a new buy now-pay later player to its roster.
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Fundbox nudges SMBs to shift strategies in face of inflation
Payments Dive
JUNE 28, 2022
The San Francisco-based provider of credit and payment solutions to small businesses recently announced partnerships with both card network Visa and payment processing platform Stripe.
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BNPL giant Affirm counts on debit card for growth
Payments Dive
MAY 17, 2022
The San Francisco-based company said the product is being “rolled out to tens of thousands of consumers" through a beta program.
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Restaurant payments startup SpotOn raises $300M
Payments Dive
MAY 19, 2022
SpotOn plans to use the capital to develop new products and services, the San Francisco-based company said. The funding round was led by Dragoneer Investment Group.
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GOP senator says research by San Francisco Fed is 'mission creep'
American Banker
MARCH 29, 2021
Pat Toomey, R-Pa., warned the regional Federal Reserve bank that its papers about environmental, social and corporate governance policies hurt its ability to stay neutral on partisan issues. ]].
PLI 24th Annual Consumer Financial Services Institute, San Francisco and Live Webcast – 25% discount available
CFPB Monitor
NOVEMBER 6, 2019
The third location of PLI’s 24th Annual Consumer Financial Services Institute will take place in PLI’s San Francisco Conference facility and via concurrent live Webcast on December 9-10, 2019 in San Francisco (and by live webcast). I am co-chairing the event, as I have for the past 23 years.
Block 'just getting started' with Afterpay
Payments Dive
MAY 6, 2022
San Francisco-based Block is focused on expanding buy now-pay later provider Afterpay’s customer base and managing its loss rate, Block executives said during Thursday’s first-quarter earnings call.
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Alanna McCargo to head San Francisco Home Loan bank
American Banker
MAY 8, 2024
McCargo will succeed Teresa Bryce Bazemore at what the former sees as a "transitional, pivotal moment" for the Federal Home Loan bank.
Cashless Payments Coming To San Francisco Festival
PYMNTS
AUGUST 3, 2016
5–7 in San Francisco’s Golden Gate Park. For the fifth year in a row, payment company PayPal announced its partnership with Outside Lands Music and Arts Festival , which runs Aug. Under terms of the partnership, PayPal will be the digital payment provider for the festival, enabling concertgoers to attend the event cash-free.
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Relocations And Remote Work Hit San Francisco’s Finances
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.
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Checkout startup Fast seeks buyer: report
Payments Dive
APRIL 1, 2022
Now, the San Francisco-based one-click checkout startup has reportedly hired Morgan Stanley to consider a sale and may lay off hundreds of employees, according to the publication The Information. In January, CEO Domm Holland said his company was fielding "incredible demand" from investors and planning big growth this year.
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Cryptocurrency Is an Asset Class, Chain CEO Adam Ludwin, says
Bank Innovation
MARCH 6, 2018
EXCLUSIVE – Cryptocurrency is an asset class that enables a new kind of software, Adam Ludwin, co-founder and CEO of blockchain technology platform Chain said at the Bank Innovation 2018 conference in San Francisco. At Bank Innovation 2018 in San Francisco, Ludwin spoke on the topic. Even, bitcoin,Read More.
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