Boston Fed's Cunha Looks Toward Practical Side Of Crypto

PYMNTS

Although Powell speaks for the Fed, it has 12 banks in its system, including The Federal Reserve Bank of Boston. The Boston Fed could well become the epicenter of the U.S. One of the Boston Fed’s most resonant voices is Jim Cunha ’s, SVP of secure payments and FinTech.

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Boston Market Deploys AI To Fight Fraud, Improve ROI

PYMNTS

Boston Market On The Fraud-Fighting, Customer Service-Enhancing Power Of AI. Mobile Order Ahead AI Boston Market COVID-19 delivery drive-thru Featured News fraud Kount mobile MOBILE ORDER-AHEAD TRACKER News QSR Restaurants Tracker Series voice recognition

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Boston FinTech Circle Teams With NYC’s Signature Bank

PYMNTS

Boston-based FinTech Circle has chosen New York City-headquartered Signature Bank to become its lead financial institution to hold reserve deposits, the firm announced in a Monday (April 19) press release.

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Boston Fed Official Sees Economy Gaining Momentum In Late 2021

PYMNTS

The head of the Federal Reserve Bank of Boston indicated on Wednesday (Feb. Economy Coronavirus economy Federal Reserve Bank of Boston News What's Hot17) that he continues to anticipate that the economy with gain momentum in the second half of 2021, The Wall Street Journal reported. “We’re

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Boston Boosts Outdoor Seating For Restaurants

PYMNTS

Boston’s Hanover Street parking spots, nearly impossible to find, have been eliminated and replaced with seating for more than a dozen restaurants, the city announced on Thursday (June 11). Retail boston Coronavirus economy Mayor Martin J.

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52 Boston Startups Net $1.5 Billion+ In May

PYMNTS

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.

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Boston Fed Chief Warns Of US Credit Tightening; Calls For More Aid

PYMNTS

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 Economy Boston Federal Reserve economy federal reserve News What's HotThe U.S.

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Boston Market On Tapping AI To Combat Fraud And Meet Mobile Customers’ Needs

PYMNTS

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. We are investigating ways we can leverage AI in Boston Market and do many things.” .

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Facebook Opens New Boston Office

PYMNTS

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. Facebook boston headquarters News office social media What's Hot

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Boston Telemedicine Company Amwell Prices IPO

PYMNTS

Amwell , the Boston-based telemedicine company, is planning to go public as the demand for virtual healthcare offerings skyrockets amid the coronavirus pandemic.

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Airbnb, Eyeing IPO, Removes Boston Listings Due To New Regs

PYMNTS

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, units must now register with the city. Boston has received 1,778 applications for registration, and only approved 737.

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New Regulations Prompt Airbnb To Yank Boston Listings

PYMNTS

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, units must now register with the city. Boston has received 1,778 applications for registration, and only approved 737.

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Amazon To Build $40M Robotics Innovation Hub Near Boston

PYMNTS

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. Amazon Amazon Robotics boston Innovation jobs News Robots What's Hot

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Boston Private Investor Opposes Silicon Valley Bank Merger

Banking Exchange

HoldCo Asset Management says shareholders should vote against deal following ISS report Management Feature M&A Feature3. 1Management

What Famed Boston Eatery Petit Robert’s Owner Sees As Restaurants’ Future

PYMNTS

Boston’s Petit Robert Bistro , one of the city’s fanciest French restaurants, started 2020 with expectations that were anything but small.

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Boston FinTech Flywire Could Go Public With $3 Billion Valuation This Year

PYMNTS

Boston-based FinTech Flywire submitted a draft registration statement with the U.S. Securities and Exchange Commission (SEC) in another step toward an initial public offering (IPO), the startup said in a Thursday (March 11) press release.

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Amazon Launches Bookstore In Nashville, 4-Star Store In Boston

PYMNTS

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. Amazon 4-Star Store B2B Payments bookstore boston Nashville News What's HotGeek 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.

Boston Fed Chief Rosengren Expects Jobless Rate To ‘Rise Dramatically’

PYMNTS

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. Unfortunately, we expect the unemployment rate to rise dramatically,” Rosengren said in remarks prepared for delivery via video to the Greater Boston Chamber of Commerce. The Boston Fed chief said the central bank has already moved to help lessen the coronavirus pandemic’s economic harm.

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Boston Startup Nift Raises $16.5M for Business Gift Cards

Bank Innovation

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. The company, which announced its funding round last week, allows its business clients to provide their customers with a “special” […]. Capital Cards Exclusive Online Payments Startups amazon business payments cards funding Gift Cards Nift online payments payments startups

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Citi, Flywire move $2M to secure PPE for Boston hospitals 

BankInovation

A partnership between Citi Commercial Bank and payments fintech Flywire benefited Boston health care workers last month. Carousel Corporate Banking Customer Experience Innovation Strategy Payments Premium Boston Citi Citibank Coronavirus Flywire PPE

Lyft Tests Self-Driving Cars In Boston

PYMNTS

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. ” Ridesharing autonomous cars boston Lyft News NuTonomy Self-Driving Cars What's Hot

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COVID-19 Pivot: Boston Restaurateur Turns Idle Space Into Cozy Money Maker

PYMNTS

Like restaurant owners and operators everywhere, restaurateur Chris Campbell of Boston’s Troquet on South has found the past eight months to be full of challenges. Then the city of Boston told us we have a curfew of 10:00 p.m.,

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Amazon Expands Boston Tech Hub; Adds 2,000 New Tech Roles

PYMNTS

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. Amazon is excited to create 2,000 more jobs in greater Boston,” said Amazon’s Vice President and Head Scientist of Amazon Alexa, Rohit Prasad, who is based in the Boston area, in the press release. “In

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Coronavirus Refunds: Billy Joel Ticketholders Get Reimbursement Option For Boston Concert

PYMNTS

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.

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Tech Center: Boston Steps Up Its Tech Game

PYMNTS

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. In addition to Google, Microsoft, Oracle and IBM, other tech companies have followed suit to have offices in Boston, including Twitter and Amazon.

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Boston Fed President: Reopening Must Protect Health To Be Positive News

PYMNTS

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).

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Boston Fed Pres. Thinks Co-Working Spaces Could Hurt Economy

PYMNTS

The Boston Federal Reserve president think that co-working spaces could ultimately hurt the economy, and even worsen the next U.S. recession. “I

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How Citi and Flywire sped payments to get PPE from China to Boston

Payments Source

The shortage of personal protective equipment (PPE) for medical workers is one of the most troublesome elements of the coronavirus outbreak, though prior work to declutter cross-border supply chain payments provides some hope.

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Cannabis Startups Expected To Boost Warehouse Rents In Boston, L.A.

PYMNTS

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. Real Estate boston legalization Los Angeles Marijuana News Recreational marijuana Rent Retail startups warehouse weed What's HotSpace 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.

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Today In Payments: Apple Seeks Punitive Damages Against Epic; Boston Telemedicine Company Amwell Prices IPO

PYMNTS

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.

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Shareholder amplifies concerns about sale price in Boston Private deal

American Banker

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. SVB Financial Community banking M&A

MasterCard Adds Boston To ‘Priceless Cities’ Program

PYMNTS

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 Boston, as it’s officially called, includes partners such as the Boston Red Sox, Boston Pops, Museum of Science, TPC Network golf courses, exhale spa and restaurateur Ken Oringer, to name a few.

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Boston Fed Takes On Cyber Risks, FinTech Competition

PYMNTS

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. Risk Management banking regulation cyber threats Federal Reserve Bank of Boston financial innovation FinTech risk management What's Trending

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Amazon Same-Day Delivery Expands In Boston

PYMNTS

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. NPR reported that Amazon has agreed to extend same-day delivery to Roxbury, a predominantly black neighborhood of Boston that was previously excluded from the coverage area that already included many other communities in the the vicinity of Roxbury.

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Low premium in Boston Private deal has big investor howling

American Banker

HoldCo Asset Management wants more details about the banking company’s pending merger with SVB Financial. The shareholder's concerns center on payouts to the seller's management team and questions about the sale process. Corporate governance M&A