Fed banks analyze consumer use of card promos
Payments Dive
MARCH 20, 2024
New research from the Philadelphia and Boston Feds finds that consumers are cycling through low APR credit card offers.
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Payments Dive
MARCH 20, 2024
New research from the Philadelphia and Boston Feds finds that consumers are cycling through low APR credit card offers.
PYMNTS
NOVEMBER 19, 2020
One restaurant that is working to incorporate AI into numerous parts of its operations is Boston Market , a Colorado-based fast-casual chain that has 330 locations in 37 states. I’m very excited about what AI can do for restaurants, and we are looking at how it fits with Boston Market right now,” he said. “I
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PYMNTS
JUNE 1, 2020
Boston’s biotech industry raised more than $1.5 Cohere Capital Partners, a Boston-based private equity firm focused exclusively on middle-market growth companies, closed its initial fund at $200 million, and Founder Collective raised $85 million for its newest fund, BostInno reported. LaunchPad Medical of Lowell received a $2.5
PYMNTS
SEPTEMBER 23, 2020
Without additional financial aid, all of these things could make it harder for both consumers and businesses to access credit, according to Boston Federal Reserve President Eric Rosengren. “I Some of the warning signs could be a rise in foreclosures and more business bankruptcies.
PYMNTS
DECEMBER 3, 2019
Airbnb has removed thousands of listings in Boston in response to new regulations regarding residency in the city, according to a report by CNBC. In Boston, the new regulations are meant to stop the practice of investor units, which are properties that are used specifically for the purpose of short-term rentals.
Bank Innovation
APRIL 2, 2018
Boston-based startup Nift has raised $16.5 million in a Series A to fund its platform for “business gift cards,” a way for local businesses to drive customer engagement by providing gift cards to their consumers.
BankInovation
FEBRUARY 21, 2024
Allison Baller, Federal Reserve Bank of Boston vice president and head of industry readiness for FedNow, will speak at Bank Automation Summit U.S. Baller will join the panel “Strategies for automating real-time payment processes” on Tuesday, March 19, at 3 p.m.
PYMNTS
NOVEMBER 18, 2020
Boston Market On The Fraud-Fighting, Customer Service-Enhancing Power Of AI. Merchants can also use the platform to send order and delivery updates via text message, further enhancing the mobile experience. For more on these stories and other mobile order-ahead headlines download this month’s Tracker.
PYMNTS
NOVEMBER 19, 2020
Then the city of Boston told us we have a curfew of 10:00 p.m., That honors the 2015 passing of Boston hot dog cart owner Ezra “Speed” Anderson, Campbell’s friend. “A month or so ago, when we thought about this concept, we were planning to stay open till 1:00 a.m. like our liquor license tells us we can,” Campbell said.
PYMNTS
DECEMBER 3, 2019
Airbnb has removed thousands of listings in Boston in response to new regulations regarding residency in the city, according to a report by CNBC. In Boston, the new regulations are meant to stop the practice of investor units, which are properties that are used specifically for the purpose of short-term rentals.
PYMNTS
APRIL 1, 2020
Boston Federal Reserve President Eric Rosengren said on Wednesday (April 1) that despite the best efforts of politicians and central bankers to contain COVID-19’s economic impacts, the U.S. The Boston Fed chief said the central bank has already moved to help lessen the coronavirus pandemic’s economic harm.
PYMNTS
SEPTEMBER 9, 2020
Amwell , the Boston-based telemedicine company, is planning to go public as the demand for virtual healthcare offerings skyrockets amid the coronavirus pandemic. The Motley Fool reported privately-held Amwell, a subsidiary of Aligned Telehealth Inc.,
PYMNTS
NOVEMBER 6, 2019
Amazon is planning to build a $40 million state-of-the-art robotics innovation hub near Boston that will result in the creation of 200 tech and manufacturing jobs, Amazon announced in a press release Wednesday (Nov. The 350,000-square-foot facility will be located in Westborough, Massachusetts, which is 35 miles west of Boston.
PYMNTS
JANUARY 11, 2019
Facebook , which is headquartered in Menlo Park, California, opened a new office this week in Boston. The company had kept a small presence in Boston, in a small space by a Dunkin Donuts in South Station, and grew to about 200 employees working on projects like a Wi-Fi finder and the safety check feature.
PYMNTS
JUNE 11, 2020
The city reminded residents and visitors to Boston that COVID-19 is still a risk throughout the city: “If you choose to dine outdoors, please continue to take the necessary steps to protect yourself and others. Charlie Baker has said t he next phase of the reopening will include opening dining rooms.
PYMNTS
MAY 22, 2020
Boston’s Petit Robert Bistro , one of the city’s fanciest French restaurants, started 2020 with expectations that were anything but small.
PYMNTS
JUNE 19, 2020
The Billy Joel concert that was scheduled for Fenway Park in Boston has a new date because of worries over the coronavirus, according to an announcement , and those who have tickets will be given reimbursement choices by email. Concertgoers are offering refund options in some cases. The event is now scheduled for Aug.
PYMNTS
MARCH 31, 2017
Known for its Irish roots and sports teams, the city of Boston has significantly stepped up its technology game over the past few years. With 35 higher education institutions in the Boston area pumping out innovative tech startup companies left and right, the city has attracted big-time players in the industry. billion in 2015.
PYMNTS
MAY 1, 2018
Amazon , announced news on Tuesday (May 1) that it will expand its Boston Tech Hub, creating 2,000 new tech jobs in fields including machine learning, speech science, cloud computing and robotics engineering. According to Amazon, the teams based in Boston are focused mainly on Alexa, Amazon Web Services and Audible.
PYMNTS
DECEMBER 3, 2020
Morgan Asset Management has announced that it has agreed to acquire FinTech 55ip , which works to help financial advisors deliver tax-smart investment strategies, according to a press release. The release stated 55ip will still operate as its own separate company, but it will have the "full support" of J.P.
PYMNTS
AUGUST 15, 2019
Amazon has announced that it is set to open an Amazon Books location in Nashville, as well as an Amazon 4-star store in Boston. Geek Wire reported that the announcement came on the same day the eCommerce giant launched its fourth 4-star store in Seattle. The first location opened in New York City last September.
Banking Exchange
APRIL 28, 2021
SVB Financial won’t pay more for Boston Private despite opposition from one vocal investor Management Feature M&A Feature3.
PYMNTS
JUNE 19, 2020
More people going back to work is only positive news if it can be done safely and in the long term, Boston Fed President Eric Rosengren indicated in remarks to the Greater Providence Chamber of Commerce on Friday (June 19). However, he acknowledged that U.S. employment is at 13.3
Payments Dive
JUNE 8, 2022
As Toast adds services, the Boston startup is taking business from larger rivals and fintech peers, analysts say.
PYMNTS
APRIL 21, 2016
How can one sum up the history of Boston? And that’s exactly what happened this week after MasterCard named Boston on its list of MasterCard Priceless Cities, a program designed to connect consumers with the city through exclusive access options to popular destinations. “Priceless.”
PYMNTS
SEPTEMBER 9, 2020
Boston Telemedicine Company Amwell Prices IPO. Amwell, the Boston-based telemedicine company, is planning to go public as the demand for virtual healthcare offerings skyrockets amid the coronavirus pandemic. Amwell plans to raise between $490 million and $560 million.
PYMNTS
APRIL 27, 2016
While there was more conjecture than proof behind Amazon’s apparent decision to exclude a Boston neighborhood from its same-day delivery service, the issue appears to be off the table now. “Demographics play no role in it,” Berman said. “Zero.”
PYMNTS
DECEMBER 7, 2017
Lyft has started its self-driving car pilot with the self-driving car company nuTonomy , matching its riders with autonomous vehicles in parts of Boston. nuTonomy made the announcement that passengers in Boston’s Seaport district will experience self-driving rides on the Lyft network in nuTonomy vehicles.
PYMNTS
JULY 21, 2017
Sephora has announced the launch of Sephora Studio, a new, 2,000-square-foot concept store in Boston that will focus on artistry and skin care services. According to a news release , the opening of the brick-and-mortar Boston location comes on the heels of the company’s largest North American store opening on Manhattan’s 34th Street.
PYMNTS
AUGUST 3, 2016
Boston doesn’t quite make it into the top tier of U.S. A “Priceless Boston” experience that includes an all-frills tour of Fenway Park (and tickets to that night’s game), a NASA astronaut-led session at the Museum of Science and a fishing trip with head chef Ken Oringer from the Toro restaurant. The prize?
Payments Dive
JULY 19, 2022
Following its second acquisition as a public company, Boston-based Flywire will continue to look for purchase opportunities that expand the payments company’s reach globally, said CEO Mike Massaro.
PYMNTS
SEPTEMBER 22, 2019
The Boston Federal Reserve president think that co-working spaces could ultimately hurt the economy, and even worsen the next U.S. recession. “I
PYMNTS
APRIL 5, 2016
Federal Reserve Bank of Boston President Eric Rosengren delivered a speech yesterday (April 4) at the bank’s 2016 Cybersecurity Conference highlighting the economic and cyber risks financial institutions are facing today.
BankDeals
JANUARY 22, 2021
City of Boston Credit Union (MA) has many competitive CDs, including a limited-time 13-month Share Certificate Special ($500 minimum deposit).
PYMNTS
JUNE 8, 2017
Industrial rents in already-expensive cities like Los Angeles and Boston are expected to get a boost because of weed startups, according to Bloomberg Markets. Space in those cities will be snapped up as part of a wave of pot legalization that was set in motion when eight states voted to permit cannabis in some form.
American Banker
MARCH 5, 2024
Berkshire Hills Bancorp declined to detail the savings it expects from the downsizing, though one analyst estimated it could shave $3 million from the company's annual noninterest expenses.
PYMNTS
APRIL 14, 2020
It starts with an undergrad degree from Boston College and a law degree from Boston University. But a slew of Boston area residents are thankful that she hasn’t. Then she purchased two adjacent buildings and re-purposed them into one 13,500-square-foot facility where it is now the leading destination spa in metropolitan Boston.
American Banker
JANUARY 27, 2021
The investment fund HoldCo Asset Management said the $900 million price tag of the agreement with SVB Financial Group “substantially undervalues” Boston Private Financial Holdings.
PYMNTS
JUNE 23, 2017
Rinse has a solution for both, and thanks to a $14 million Series B funding round led by Partech, it’s taking that solution to two new cities: Boston and Chicago. Everyone needs clean clothes, and those working in the industry have to make a living. The solution is simple, but that doesn’t mean it was easy.
BankInovation
MARCH 22, 2024
Nearly 600 financial institutions have joined the government’s payment network since it went live July 20, 2023, Allison Baller, vice president at the Federal Reserve Bank of Boston, […]
Bank Innovation
APRIL 21, 2020
The Boston-based bank is creating its own solution in advance of the PPP forgiveness process that will start […]. Radius Bank is standing up a Paycheck Protection Program loan forgiveness tool, even as many banks feel left in the dark by the Small Business Administration, which hasn’t yet released details on how the process will work.
Let's Talk Payments
OCTOBER 3, 2017
Ex-Adyen North America President, Peter Caparso, joins Checkout.com to lead US growth Boston, October 3, 2017, 9:00 AM EST – Leading international online payments company, Checkout.com has today announced its.
ATM Marketplace
NOVEMBER 14, 2019
Today, their Boston-based startup LibertyX boasts the largest network of bitcoin ATMs, cashiers and kiosks in the world. At a time when buying bitcoin was full of friction, Chris Yim and Kyle Powers saw opportunity.
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