PYMNTS

JUNE 1, 2020

Capturing and then enabling card-on-file payments when consumers buy the products or services they consume in the physical world. Like payments terminals. Not surprisingly, to make consumers more comfortable shopping and checking out in their stores, retailers have rushed to enable a “ contactless ” payment experience.

Cards 147

Cards Study Maine Payments 147

PYMNTS

MARCH 22, 2019

“From mobile ticketing to digitizing commuter cards and enabling contactless payments, Mastercard has already embedded its technology in 16 metro areas including Los Angeles, Boston and Denver to make getting from Point A to Point B as simple as buying a morning cup of coffee,” the company said.

Los Angeles 193

Los Angeles New York City Payments Denver 193

PYMNTS

JULY 6, 2020

The COVID-19 pandemic has changed how consumers buy goods, and some of these new payment behaviors could continue well after the crisis ends. Customers are also looking for options like digital and card-not-present (CNP) transactions that allow them to make eCommerce purchases as smoothly and seamlessly as possible. . percent of U.S.

Cards 130

Cards Survey Examples Retail 130

PYMNTS

JUNE 25, 2020

With universities and students across the world struggling with a cash crunch amid the pandemic, digital payments company Flywire announced in a press release that it wants to help. Colleges and universities, in turn, can choose which payment methods to add or offer “based on student demand,” Flywire noted in the release.

Payments 162

Payments United States Boston Study 162

PYMNTS

NOVEMBER 26, 2018

Cubic Corporation announced Monday (November 26) that its Cubic Transportation Systems unit and Transport for New South Wales will expand the contactless payment system to cover Sydney’s train network. That is being made possible by recent contract wins by the company.

Training 182

Training System San Francisco Payments 182

PYMNTS

NOVEMBER 4, 2016

But when it’s time for payment, the smooth sailing can sometimes get abruptly choppy. Traditionally, bike taxis accept only cash payments, which creates a significant barrier to entry for many potential customers. That’s why many pedicab companies and drivers are increasingly embracing mobile payment acceptance solutions.

Cards 100

Cards Payments Industry Mobile 100

PYMNTS

DECEMBER 6, 2019

In the fifth official study conducted by the Federal Reserve Banks of Atlanta, Boston, Richmond and San Francisco, the 2018 Diary of Consumer Payment Choice (DCPC) detailed the cash and non-cash payment behavior of U.S. The survey measures payment behavior via the daily recording of the spending of U.S.

Study 101

Study Report Cards San Francisco 101

PYMNTS

DECEMBER 12, 2019

When Visa launched a contactless payments pilot with New York’s Mass Transit Authority (MTA) seven months ago, the company started small, and with modest goals. This “public pilot” made contactless payments available on a few train lines, and only at 16 stations, including Grand Central Station and Union Station. Yesterday (Dec.

New York 167

New York US Payments Training 167

PYMNTS

AUGUST 14, 2020

A week after details of the Federal Reserve’s instant payment initiative emerged, news came via Bloomberg that the central bank is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing digital currency. Digital dollars on the horizon? Maybe – but first comes a focus on policy.

San Francisco 283

San Francisco Boston Policies Massachusetts 283

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. But a race to a rollout is not in the cards. Central bank digital currencies (or CBDCs) have been gathering steam, at least as a concept.

Boston 269

Boston Massachusetts Knowledge Base Policies 269

PYMNTS

NOVEMBER 15, 2019

Welcome to the PYMTS Weekender, where we recap the week’s biggest development in payments and commerce. This edition includes news about Facebook’s new payments push, Amazon’s new robotics plan and why Google is working more closely with financial institutions. Facebook Launches ‘Facebook Pay’ For Cross-App Payments.

Google 139

Google Payments Apple cryptocurrency 139

PYMNTS

APRIL 15, 2016

New research published by the Harvard Kennedy School of Government’s Mossavar-Rahmani Center for Business and Government found that regulation is stifling access to credit cards and that the trend is bad news for small business owners. This means low-income consumers are seeing reduced access to the payment tool.

Cards 100

Cards Report Boston Regulation 100

PYMNTS

MAY 10, 2018

If the longest journey begins with a simple step, might the streamlined journey begin with a simple tap of the card? Late April saw the debut of the HOLO card, used for Oahu Transit, a project in which the cards are to be used across the system’s busses and a rail system being built out over the next several years. How bustling?

Hawaii 100

Hawaii Cards Honolulu San Francisco 100

PYMNTS

NOVEMBER 23, 2020

It uses payment data, location data, unique customer data and digital identifiers to detect fraud in real time. As the Mobile Order-Ahead Tracker® states, “AI can be leveraged to analyze and tally credit card transactions similar to how banking transactions are examined. This establishes identity trust or risk in real time.

Mobile 289

Mobile Boston Fraud Colorado 289

PYMNTS

JUNE 6, 2019

Skirting Cash Shortages at Boston Pride. Boston’s pride celebration is one of the season’s biggest events for Mandy Roberge, the owner and artist behind Wicked Good Henna. The 2018 Boston Pride parade reportedly saw more than 750,000 spectators and over 55,000 marchers. Her needs are relatively simple.

San Diego 137

San Diego Boston Cards New York 137

PYMNTS

NOVEMBER 27, 2019

The Greater Boston Food Bank (GBFB) is one such organization fighting community hunger. Headquartered in Boston, the group serves over 500 pantries and programs in 190 cities and towns across eastern Massachusetts and distributes nearly 57 million meals annually. . Putting Fuel Cards on the Road. Putting Fuel Cards on the Road.

Tools 130

Tools Boston Massachusetts Cards 130

PYMNTS

JUNE 14, 2020

In an email, Square told Tamara Hudson , Bluebonnet’s owner, the decision was based on the fact that she works in an industry where payment disputes are common, and she hasn’t been using Square’s service for very long, the newspaper reported. Now, “this is a place where the pipe can actually burst.”.

San Francisco 221

San Francisco Boston Washington Software 221

PYMNTS

SEPTEMBER 30, 2019

As weaknesses in authorization systems can be exploited by online thieves, financial services firms are more vulnerable to hackers and get hit 300 times more often than other businesses, according to the Boston Consulting Group. As cyberattacks grow in scale and sophistication, it is critical that we advance trust in our payments system.”.

Boston 177

Boston Security System Cards 177

PYMNTS

OCTOBER 31, 2016

From loyalty to inventory management and data to omnicommerce strategy, there’s no shortage of available features and options for retailers looking to upgrade to full-service payments solutions. Around the full-service payments world. To download the October edition of the Payments as a Service Tracker™ , click the button below.

Payments 100

Payments Boston Retail System 100

PYMNTS

JANUARY 15, 2021

Despite that, there have been early studies of such payment methods at the central bank’s Boston location, CoinDesk reported. The Chinese efforts have slowly begun to involve the central bank controlling and tracking digital fiat, with its own direct issuance and existing card networks working together.

Boston 168

Boston Bitcoin cryptocurrency Study 168

PYMNTS

NOVEMBER 14, 2018

Etsy is hardly alone: eCommerce is experiencing year-over-year growth of 14 percent, according to the Payments Powering Platforms Tracker , and merchants looking to capitalize on this rise must accept the preferred payment methods of their customers, which include everything from credit cards to PayPal to Venmo and everything outside and in between.

Retail 131

Retail Payments Apple Online 131

PYMNTS

NOVEMBER 24, 2020

Toast reduced its staff in April by 1,300, roughly 50 percent, but has since recovered as COVID-19 prompted the pivot to digital restaurant sales and contactless payments. . The secondary offering gives Boston-headquartered Toast a valuation of about $8 billion, up from a $4.9 billion valuation pre-pandemic in February.

Boston 231

Boston National Tools Cards 231

Payments Source

NOVEMBER 21, 2017

Boston’s Massachusetts Bay Transportation Authority has approved a $723 million overhaul of its fare system that would eliminate cash payments on buses and trains.

Boston 64

Boston Massachusetts Training System 64

PYMNTS

NOVEMBER 26, 2019

Many card-based solutions have recently debuted, aimed at helping businesses to more easily track expenses, and gain insights into how company funds are spent in the field. The solution also allows managers to set limits on how much money can be spent with the cards, and cancel or freeze them at any time, if necessary. Yordex , a U.K.-based

Tools 141

Tools Boston Cards Management 141

PYMNTS

JANUARY 28, 2019

Since about mid-December of 2018, checking out in the stores here in Boston has become even more of a hassle. Never mind the people who start rummaging around in their purse or wallet to pull out their cards after stepping up to the checkout counter. The ability for merchants to surcharge in the U.S. is nothing new.

Regulation 181

Regulation Boston Cards Innovation 181

PYMNTS

OCTOBER 12, 2020

The BIS noted of central bank digital currency ( CBDC ) that “a CBDC could provide a complementary central bank money to the public, supporting a more resilient and diverse domestic payment system. To be sure, recent PYMNTS research shows an increasing comfort level with digital payments, in general.

Boston 233

Boston System Online Payments 233

PYMNTS

MARCH 17, 2017

PricewaterhouseCoopers — after 83 consecutive years of tabulating the Academy Awards without incident — managed to accidentally put the wrong card in Warren Beatty/Faye Dunaway’s hands for the Best Picture award and … well the rest is YouTube history. PwC is now called Probably Wrong Card!”. Alexander questioned, for example, how Adm.

Innovation 175

Innovation Payments social media America 175

Payments Source

JANUARY 9, 2017

Eastern Bank in Boston has hired a former Citi Cards executive to oversee its consumer-lending business.

Lending 60

Lending Cards Boston Massachusetts 60

PYMNTS

SEPTEMBER 14, 2020

USA Today reported the “Uber Eats Contactless Order Feature” allows users to pay the tab with the app while at a restaurant to eliminate the use of bill holders, credit cards and pens. The dine-in payment feature will launch in Atlanta, Boston, Chicago, Indianapolis, Philadelphia, New York City, Vermont, and Washington, D.C.

San Francisco 190

San Francisco Indianapolis New York City Vermont 190

PYMNTS

NOVEMBER 26, 2019

In today’s top payments news, more than half of the 3,114 counties in the United States lost bank branches from 2012 to 2017. Among the nonprofits working to feed local communities this holiday season is the Greater Boston Food Bank (GBFB), which offers food services to 190 cities and towns in the eastern Massachusetts region.

United States 130

United States Community Payments Massachusetts 130

CFPB Monitor

APRIL 3, 2017

The CFPB has issued its March 2017 complaint report that highlights credit card complaints. The report also highlights complaints from consumers in Massachusetts and the Boston metro area. Consumers complained about the terms of deferred-interest programs, including confusion as to how payments were applied to multiple balances.

Massachusetts 89

Massachusetts Cards Report West Virginia 89

PYMNTS

JANUARY 30, 2020

Talk of “friction” in the payments industry is mostly about removing obstacles to consumer transactions, and how easily (or not) those payments get processed on the backend by merchants and banks. PYMNTS research found that 42 percent of B2B payments were made via paper check in 2019, for example. Disrupting Paper-Based Systems.

Management 130

Management Las Vegas Cards Taxes 130

PYMNTS

SEPTEMBER 20, 2016

The payments industry is a fairly large pie, but the way things are currently set up is skewed to favor larger vendors and businesses — a $4 trillion industry in the U.S. million small businesses make up about 26 percent of the overall payments industry but are responsible for 79 percent of its total fees. Payments are complex.

Meeting 100

Meeting Los Angeles Payments Resources 100

CFPB Monitor

APRIL 3, 2017

The CFPB has issued its March 2017 complaint report that highlights credit card complaints. The report also highlights complaints from consumers in Massachusetts and the Boston metro area. Consumers complained about the terms of deferred-interest programs, including confusion as to how payments were applied to multiple balances.

Massachusetts 74

Massachusetts Cards Report West Virginia 74

PYMNTS

MAY 1, 2018

Welcome to Five at Five , your late look at some of the freshest payments news of the day. Today’s stories include a new mark in the evolving relationship between payments and biometrics, along with a look at possible new regulation for digital currency. Mastercard Introduces Remote Biometric Card Enrollment.

Regulation 101

Regulation Boston Bitcoin cryptocurrency 101

PYMNTS

OCTOBER 13, 2016

NanoPay is finding that for mobile payments to take off, even among early adopters, using a phone to pay must be much more rewarding and convenient than tapping a card. Korean consumers see no evil in mobile payments. can now use their PayPal accounts for contactless payments. is mired in cybersecurity anxieties.

Mobile 100

Mobile Payments Apple Samsung 100

PYMNTS

MARCH 25, 2019

The current best-in-class method of payment for a ride on a subway in any American city works just fine – until it doesn’t. As of last week, the card network announced it will be bringing contactless payments to transit turnstiles in more than 20 U.S. cities in the next few years. Building New Consumer Habits.

New York City 179

New York City Los Angeles New York Training 179