PYMNTS

MAY 6, 2020

The Fed acknowledged the challenges brought on by the coronavirus but noted the FedNow Service is still scheduled to be unveiled in 2023 or 2024. Montgomery, Federal Reserve Bank of Boston first vice president, in a statement.

Community 234

Community Payments Boston Groups 234

PYMNTS

AUGUST 21, 2020

Earlier this month, as PYMNTS noted , the Federal Reserve said its Boston bank is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing digital currency. And there’ll be quite a bit of tinkering with the technology (especially the infrastructure) and the use cases to get there.

Boston 269

Boston Massachusetts Knowledge Base Policies 269

Fintech Labs Insights

JULY 11, 2023

Below is our curated list of the best global banking tech events, conferences and trade shows in 2023. These are the largest events in the financial services industry geared towards banking technologists, program managers, marketers, developers and C-Suite execs at both legacy financial institutions and upstart banktech and fintech firms.

Las Vegas 12

Las Vegas San Diego Austin Conference 12

PYMNTS

MAY 7, 2020

While sales fell 25 percent in the first quarter, the slowdown is expected to accelerate in the second quarter and could lead to an estimated contraction by as much as 35 percent for the year, said the Boston-based investment firm. Bain & Company said it anticipates that a recovery to 2019 levels will not occur until 2022 or 2023.

Data 151

Data Survey Boston Study 151

Fintech Labs Insights

MAY 2, 2023

Below is our curated list of the best global banking tech events, conferences and trade shows in 2023. These are the largest events in the financial services industry geared towards banking technologists, program managers, marketers, developers and C-Suite execs at both legacy financial institutions and upstart banktech and fintech firms.

Las Vegas 12

Las Vegas San Francisco San Diego Austin 12

Fintech Labs Insights

JUNE 27, 2023

views (470 subscribers) Instagram : 2,400 followers TrustPilot : 4.6 (513 513 reviews) Founders: – John Swigart, CEO (previously CMO at Esurance) – Dax Craig, President (previously co-founded Valen Analytics) 2. Note: Only 5 reviews) – YouTube : 51M views (up 4M since April); 5,400 subscribers 4.

Online 15

Online Denver San Francisco DC 15

PYMNTS

OCTOBER 18, 2020

the Federal Reserve System’s involvement in high-speed payments work includes the FedNow project, which has a target service date of 2023 or 2024. The announcement from Lisbon, Portugal comes as bankers around the world are working to improve the speed with which secure and economically reasonable transactions can be carried out. In the U.S.,

Payments 167

Payments Boston System Survey 167

PYMNTS

AUGUST 5, 2019

In addition, India’s video-streaming market could reach 10 times that size by the time 2023 rolls around, per a Boston Consulting Group report in 2018. The services are competing in a market that could reach 829 million smartphones users by 2022, up from half a billion today, per estimates from Cisco Systems Inc.

Video 108

Video Seattle Boston Retail 108

PYMNTS

OCTOBER 6, 2020

A study found that the industry expanded by 20 percent over the past five years, with online food delivery revenue expected to hit $24 billion by 2023. cities, including Boston, Chicago, New York and Washington, D.C. QSRs are also improving their in-house ordering systems to make up for declines in walk-in traffic.

Report 237

Report Innovation Boston Chicago 237

PYMNTS

AUGUST 24, 2019

As other PYMNTS research confirms, consumers are set to spend $23 billion buying mobile tickets for sports and gaming events by 2023. For the 2019 NFL season – PYMNTS is based in Boston, so Go Pats! – But it’s not just payments where the NFL and other sports can shine when it comes to digital and mobile technologies.

Payments 161

Payments social media Mobile Seattle 161

PYMNTS

AUGUST 3, 2018

That kind of growth is slated to continue, with researchers predicting that by 2023, the volume of mPOS transactions will increase threefold over an estimated 28 billion in 2018. Meanwhile, in the United States, mPOS is making its presence known among commuters in the Boston area. Adopting mPOS for a Smoother Commute.

Trends 105

Trends Massachusetts United States Boston 105

Independent Banker

JANUARY 31, 2022

The FedNow Service is launching in early 2023, giving community banks about a year to plan. 2022 will be a big year as we move from development to pilot testing and begin to engage more with financial institutions in active planning,” says Nick Stanescu, senior vice president, FedNow business executive, the Federal Reserve Bank of Boston. “We

Community Bank 91

Community Bank Community Resources Fraud 91

PYMNTS

AUGUST 7, 2020

As for a time frame for launching the new system, Fed officials said in a webcast detailing the particulars that FedNow would debut in 2023 or 2024 and would take a phased approach to implementation. The most recent details on FedNow come roughly a year after the central bank announced its plans to build and operate real-time rails.

America 189

America Kansas City Payments Kansas 189

PYMNTS

JANUARY 21, 2020

billion by 2023 at a compound annual growth rate (CAGR) of 27.9 Clover started with one food truck and it now has 12 restaurant locations throughout the greater Boston area. Diners want such innovations, too, and are turning so sharply to mobile food orders that the global food delivery mobile app market could rise to $16.6

Technology 130

Technology Massachusetts Mobile Boston 130

PYMNTS

APRIL 27, 2018

The restaurant, Spyce , is set to open this spring in central Boston. By 2023, the size of the interactive kiosk market is projected to be $34.1 Not to be outdone, famed chef Daniel Boulud is opening his own tech-centric QSR with four Massachusetts Institute of Technology graduates. An earlier version was opened at an MIT cafeteria.

Innovation 105

Innovation Study Google Survey 105

NCR

SEPTEMBER 1, 2016

According to new research by Google and Boston Consulting Group , the value of digital transactions in the world’s second-biggest nation is expected to reach $500 billion by 2020 – ten times the level seen today. India set for a digital boom. One market that’s particularly poised for growth is India.

Regional 75

Regional Payments National Boston 75

PYMNTS

FEBRUARY 18, 2019

RBR Research reports that card volume worldwide increased by 13 percent to $25 trillion in 2017, and is expected to increase to $45 trillion in 2023. In the meantime, consumers everywhere are using cards more and more. It can’t do that, certainly not as well, without collecting lots of data. Now, getting back to where we started with Amazon.

Cards 169

Cards Course Study New York 169

Independent Banker

JULY 31, 2022

Connors notes that in Fitchburg, 40 miles west of Boston, he’s competing against Fidelity Investments and MFS on the financial services side, as well as a thriving high-tech corridor. We’re all competing for the same people, and a lot of the younger people want to live in Boston, so attracting young talent is a challenge,” he says.

Strategy 135

Strategy Community Bank Louisville Community 135

PYMNTS

MAY 12, 2020

According to the Fed, the rollout of FedNow remains on track for 2023 or 2024. The creation of the FedNow Community group aims to promote collaboration between industry stakeholders to ensure that the product roadmap remains optimized. In a statement, Kenneth C.

Payments 130

Payments Fraud Community Boston 130

CB Insights

MARCH 26, 2019

Experts predict more than 1,000 department stores will die by 2023, and their overall share of the apparel category will plummet by 66%. There’s no denying that traditional department stores are in turmoil. Department stores saw $230B in total sales in 1999. By 2016, that number had fallen to $155.5B. The way we shop is changing.

Millennials 78

Millennials Industry Trends Branding 78

Independent Banker

NOVEMBER 30, 2021

According to STR and Tourism Economics, full recovery of demand is expected in 2023, and revenue per available room (RevPAR) is not expected to surpass 2019 levels until 2024. Hotels owners and operators are notching steady improvement in key metrics, which, for many, is putting operations back in the black. for RevPar and $130.91

Community Bank 209

Community Bank Community Texas Dallas 209