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Fed Launches FedNow Community For Instant Payments, Seeks Participants

PYMNTS

The Federal Reserve has formed a FedNow Community group for its upcoming instant payment offering, the FedNow Service , and needs volunteers to support it, the Fed announced Wednesday (May 6). Montgomery, Federal Reserve Bank of Boston first vice president, in a statement. toward faster, digital payments.

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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. The change comes as a result of a Bloomberg report published on the process by which Amazon selects its same-day service coverage areas.

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Google Moves In Where Amazon, GE Move Out

PYMNTS

Amazo n and GE may be giving up on New York City and Boston respectively, but Google is taking a different approach, expanding in both cities. According to reports , Google — which already announced plans to expand its Hudson Square space late last year — is investing billions of dollars into real estate in New York.

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ICBA President takes on The Boston Globe on cybersecurity

Long Lasting Ideas

Usually, we at BankMarketingCenter.com don’t hand out kudos to individual bankers, but an exception must be made in the case of Independent and Community Banks of America (ICBA) President and CEO Camden Fine for his articulate defense of small community banks.

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POS Toast Cuts Staff In Half As More Restaurants Close

PYMNTS

Restaurant point-of-sale (POS) software provider Toast said it would have to cut about half of its staff — about 1,300 people — as the coronavirus shutters businesses nationwide, according to a CNBC report on Tuesday (April 7). Based in Boston, Toast provides POS technology that helps eateries maneuver from dine-in to takeout.

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Staples To Debut New Store Format With Coworking, Podcasting

PYMNTS

Staples is thinking outside the box with a new store format that highlights podcasting, community events and coworking spaces. The Staples Connect concept, which will be officially introduced in six Boston area stores on Feb. 5, offers experiences and solutions as well as a place to transact, Chain Store Age reported.

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Many Unemployed Still Waiting For Their First Check

PYMNTS

Nearly 17 million Americans have applied for unemployment assistance in the last three weeks as the nation’s economy came to a virtual halt amid the coronavirus pandemic, and states were overwhelmed by applications, Reuters reported Friday (April 10). But in Maine, at least, the benefits have yet to flow, according to the report.