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Fed Sees Possible Path To ‘Direct Issuance’ Of Digital Dollars

PYMNTS

Cleveland Federal Reserve President Loretta Mester said in a speech this week that a digital dollar could conceivably be a form of money transfer that would enable the Fed to disburse money to all individuals in America. Digital dollars could make the leap from concept to reality, but there might be a few ways to get there.

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Bahamas Launches Digital Sand Dollar; Adds To Rise Of Central Bank Digital Currencies

PYMNTS

Cleveland Federal Reserve President Loretta Mester said in a speech in September that a digital dollar could conceivably be a form of money transfer that would enable the Fed to disburse money to all individuals in America (seemingly taking the approach that we are seeing in the Bahamas).

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Bank of America To Update Branches In Response To Customer Behavior

PYMNTS

The modernized branches will have more interactive technology and a layout that will help customers who need longer visits for more complicated issues. “We BoA said it’s going to expand to Cleveland and Lexington, Kentucky next year, and it previously made a pledge to open 500 new branches. and Pittsburgh.

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Amazon Announces HQ2 – On Mars

PYMNTS

Reaction worldwide to the news that Amazon had built the technology necessary to colonize Mars, up to and including a possible teleportation machine, was somewhat mixed. Boston residents shrugged and collectively muttered something about being cursed.

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Wayfair Launches Real-Time Delivery Tracking

PYMNTS

Currently available in 10 retail markets — including Atlanta, Boston, Chicago, Dallas, New York City and San Francisco, among others — Chain Store Age reports the new feature will “transform what is considered a time-consuming, even frustrating, process.”

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18 Corporate Innovation Labs In Healthcare

CB Insights

From the digitization of medical records to smart patient care platforms, technology is disrupting the healthcare industry. The Mayo Clinic Departments of Information Technology and Public Affairs teamed up with CFI to create the Mayo Clinic App. One solution: in-house healthcare innovation labs. Cardinal Health — Fuse. Founded: 2014.

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Not a Session at Acquire or Be Acquired: Culture

Jeff For Banks

When Mike Butler, CEO of Radius Bank, spoke of technology experimentation and implementation: "you have to change the culture in the company". Mike is from Cleveland. When Raphael Reznek, CIO of Mascoma Bank, spoke about the biggest challenge to launch online account opening: "our internal culture". And surprisingly a Yankees fan.