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Artificial Intelligence Startups Make a Splash in New York

Bank Innovation

Artificial intelligence is set to challenge traditional technologies in financial services, if the startups that demoed at BBVA Open Talent in New York today are any indication. Today’s event is one of three regional finals, from which a few Read More. The BBVA Open Talent Challenge is part of Next Money NYC.

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Payroll Cards Find Opportunity In Corporates’ Digitization Push

PYMNTS

With the pandemic nudging businesses further into the digital payments realm, commercial card innovation is heating up to capitalize on the opportunity for adoption. Boost Bolsters BMO Harris Bank’s Biz Cards. Global Cash Card’s Legal Saga Ends. ” Mastercard, EedenBull Expand Into APAC.

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DoorDash Partners With Payfare To Launch Banking Solution For Drivers

PYMNTS

The platform offers drivers a mobile banking app and a business Prepaid Visa Card, along with new rewards. Dashers can choose to have earnings automatically added to the card every day at no cost. The new tool is available to Dashers in select regions across the East Coast. DoorDash earlier reached a $2.5

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PayPal And Visa Extend Partnership To Europe, Plan Debit Card Release

PYMNTS

Rivals Visa and PayPal have shaken hands over a joint plan to issue debit cards in Europe. The truce stands to benefit merchants most of all, as it will expand their ability to use their PayPal funds to support business expenses and unlock new possibilities at the point of sale. customers already have access to PayPal debit cards.

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Mastercard Enables Contactless Payments At TriMet

PYMNTS

Commuters in Portland, Oregon and Vancouver, Washington can now add a digital Hop Fastpass card to their iPhone or Apple Watch, thanks to an alliance between Mastercard and Apple. Mastercard will roll out its contactless payment technology for public transportation in more cities in the coming months, include New York City’s MTA.

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COVID-19 Disrupts Leisure In US, But China Expects ‘Revenge Travel’ Boost

PYMNTS

New York City, in one case, is calling off festivals, concerts, and nonessential gatherings through May and potentially June while the city aims to reduce COVID-19 infection rates, CNBC reported. The news comes one day after Governor Andrew Cuomo put forward the extension of New York’s closure of nonessential companies to May 15. .

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Fed Data: The U.S. Economy Is Reopening, But Not Rebounding

PYMNTS

The Beige Book takes commentary from various regional Federal Reserve banks and drills down into what the Fed terms “anecdotal information” to paint a portrait of the economy ’s current state. The data reflects findings and commentary from business owners as measured through May 18. Where might there be some green shoots?

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