PYMNTS

AUGUST 21, 2020

And there’ll be quite a bit of tinkering with the technology (especially the infrastructure) and the use cases to get there. 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.

Boston 269

Boston Massachusetts Knowledge Base Policies 269

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

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

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

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 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. Some categories, including travel, had chargebacks of 40 percent.

San Francisco 221

San Francisco Boston Washington Software 221

PYMNTS

JANUARY 15, 2021

Despite that, there have been early studies of such payment methods at the central bank’s Boston location, CoinDesk reported. According to Powell, the Fed is “investing heavily” in the technology and is looking into the policy questions posed by CBDCs. The report speculated that CBDCs could see major progress in 2021.

Boston 168

Boston Bitcoin cryptocurrency Study 168

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

NOVEMBER 24, 2020

Record sales following a massive staff reduction prompted point-of-sale (POS) restaurant technology (ResTech) startup Toast to hold a share purchase offering on an $8 billion valuation. The secondary offering gives Boston-headquartered Toast a valuation of about $8 billion, up from a $4.9 A Toast spokesperson told CNBC on Tuesday (Nov.

Boston 231

Boston National Tools Cards 231

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

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

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

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

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.

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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. Contactless technology in the U.S., cities in the next few years.

New York City 179

New York City Los Angeles New York Training 179

NCR

APRIL 26, 2018

The growth of contactless technologies as a fast, convenient option for everyday payment has been illustrated by new figures from Transport for London (TfL), which have revealed half of all pay as you go journeys on the UK capital’s transport networks now use this technology.

Payments 53

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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

JUNE 5, 2019

While some markets may be seeing relatively slower adoption of mobile point-of-sale (mPOS) than others, there’s no denying that the overall popularity of mobile and contactless payments are growing fast among consumers. Meanwhile, POS solution providers like Ingenico are betting on the growing popularity of contactless payments.

San Diego 130

San Diego Apple America Mobile 130

PYMNTS

FEBRUARY 4, 2017

Super Bowl LI is less than 24 hours away from kicking off and deciding once and for all which city is better — Atlanta or Boston (though obviously it’s Boston — since the global headquarters for PYMNTS.com is located here). All of those viewers present a massive commerce opportunity and a chance for payments to really shine.

Boston 100

Boston San Francisco Houston Georgia 100

PYMNTS

FEBRUARY 4, 2017

Super Bowl LI is less than 24 hours away from kicking off and deciding once and for all which city is better — Atlanta or Boston (though obviously it’s Boston — since the global headquarters for PYMNTS.com is located here). All of those viewers present a massive commerce opportunity and a chance for payments to really shine.

Boston 100

Boston San Francisco Houston Georgia 100

PYMNTS

AUGUST 4, 2016

The latest news on mobile payments shows that the big banks are wanting in on the mobile wallet race, but are they already too far back in the pack? Here’s the latest news on the mobile + payments + commerce front. Miami Transportation To Offer Mobile Payments. Miami Transportation To Offer Mobile Payments.

Samsung 100

Samsung Google Mobile Millennials 100

PYMNTS

FEBRUARY 4, 2019

Fostering this growth means enabling food truck operators to quickly accept customers’ payments as they dish out food and friendly service. When it comes to completing in-store payments, 36 percent of customers prefer to use credit cards and 33 percent opt for debit cards. Card acceptance has also been key.

Massachusetts 100

Massachusetts Boston Cards Operations 100

PYMNTS

NOVEMBER 3, 2016

Even a decidedly low-tech business can benefit from a little technological boost to help it roll smoothly into the future. They are increasingly able to serve more customers than ever before, thanks in large part to mobile payment acceptance technology. Pedicab drivers in cities like Boston, Chicago and Washington, D.C.,

Mobile 100

Mobile Dallas Apple Boston 100

PYMNTS

AUGUST 3, 2018

Payment software solution provider Alcinéo is one player putting a new focus on improving mPOS security. The company is integrating a Trustonic solution as part of an effort to better protect customer data and payment information processed through its mPOS apps, according to a press release. Around the mPOS World.

Trends 105

Trends Massachusetts United States Boston 105

PYMNTS

MARCH 6, 2017

While many in the Greater Boston area stayed indoors to keep clear of the arctic chill that had descended upon the region, eight teams hunkered down in offices in the middle of the Financial District with another goal in mind: reimagining the retail and payments experience using AR/VR technologies. Payment-enabled, of course.

Retail 101

Retail Payments Boston Innovation 101

PYMNTS

NOVEMBER 5, 2019

While there, Orgel was most recently involved in the launch of the new Apple Card. As Boston-based Flywire’s President and COO, Orgel will oversee its global payment network, business operations, finance, legal, compliance, and corporate strategy and development. Flywire announced his appointment Tuesday (Nov.

Apple 152

Apple Leadership Customer Experience Boston 152

PYMNTS

MARCH 16, 2017

And indeed, the middle of this month has been nothing if not gusty, but daunted not the gutsy — who trekked by the hundreds to Boston for the opening of the annual Innovation Project. The winds blew cold, but discussion ran heated with ideas, writ large and granular, about the future of payments, for the first of two days.

Payments 102

Payments Innovation Data Course 102

NCR

SEPTEMBER 1, 2016

Banks and card providers have been devoting a lot of attention recently to Asian markets, and it’s not hard to see why. Recent figures have highlighted how efforts are being made to boost banking infrastructure in this part of the world and deliver the right technologies to consumers to help them embrace digital.

Regional 75

Regional Payments National Boston 75

Independent Banker

NOVEMBER 30, 2021

Here, a fraudster obtains a legitimate user’s details to take over their online accounts, enabling the theft of money or a credit card, according to Marianne Crowe, vice president in the Secure Payments Innovation and Research group at the Federal Reserve Bank of Boston. Online U.S. Education as an anti-fraud tool.

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Fraud Strategy Community Bank New York City 160

PYMNTS

MARCH 16, 2017

And indeed, the middle of this month has been nothing if not gusty, but daunted not the gutsy — who trekked by the hundreds to Boston for the opening of the annual Innovation Project. The winds blew cold, but discussion ran heated with ideas, writ large and granular, about the future of payments, for the first of two days.

Payments 102

Payments Innovation Data Course 102

PYMNTS

MARCH 29, 2018

In investment news, Boston-based Flipside Crypto notched $3.4 And Denmark’s Danske Bank is removing options for customers to purchase financial instruments that are tied to the price of digital currencies, CoinDesk reported – although the bank’s customers will still be able to buy cryptocurrencies using their credit cards. In the U.S.,

Bitcoin 111

Bitcoin cryptocurrency Boston Groups 111

PYMNTS

JANUARY 15, 2018

It also explains why some innovations in payments have been met with open arms by consumers and others given the cold shoulder. And why advances in the field of voice and visual, particularly when applied to authentication, are poised to become such a disruptive force across the payments and commerce landscape.

Innovation 109

Innovation Payments Google Training 109

NCR

FEBRUARY 23, 2018

The growth of mobile banking over the last few years is a trend that should put the technology at the heart of every financial institution’s strategy. This is a message that US banks appear to be hearing loud and clear, at least according to the findings of a recent study by the Federal Reserve Bank of Boston.

Mobile 72

Mobile US Payments Study 72

PYMNTS

APRIL 22, 2019

Thousands descended upon T-Mobile Park stadium in Seattle on March 28 — the earliest opening day in Major League Baseball (MLB) history — to see their home team, the Mariners, take on last year’s World Series champions, the Boston Red Sox. CenturyLink Field, home of the Seattle Seahawks , was the first NFL stadium to adopt the technology.

Seattle 122

Seattle social media Boston National 122

PYMNTS

OCTOBER 20, 2018

On this day in history in the year 2009, the world of payments and commerce was changed forever. The traditional gift for a ninth anniversary is pottery, and our offices are in Boston – but, you know, no pressure.). and was followed by the great cybercriminal migration to the web and card-not-present transactions. True in 2009.

Innovation 177

Innovation Payments Cards Retail 177

Celent Banking

JANUARY 23, 2017

Payments Product – for launching the best consumer or business payments product. Process Automation – for the most effective deployment of technology to automate business processes or decision-making. Emerging Technology for Consumers – for creative deployment of emerging technologies for consumers (e.g.

Risk Management 100

Risk Management Innovation Case Study Boston 100

Independent Banker

DECEMBER 13, 2015

What’s necessary or optional with technology is always changing. In a Federal Reserve Bank of Boston survey of mobile banking and payment services released in August, roughly three-fourths of about 600 community banks and credit unions in five Federal Reserve districts that were polled were offering some kind of mobile service.

Community Bank 70

Community Bank Boston Community Iowa 70