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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.

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Walmart Online Chief Departs

PYMNTS

Walmart confirmed on Thursday (April 7) that Brian Monahan, formerly the head of marketing for the retailer’s U.S. online operations, had vacated his post effective April 1. Walmart has also spread blame to its international operations, while claiming that its U.S.-based

Online 100
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QSRs Supersize Their Digital Ante

PYMNTS

The company has also expanded Starbucks Delivers with the help of Uber Eats, which is in more than 2,700 stores in 11 markets. During a conference call with analysts late last week (July 25), Starbucks President and CEO Kevin Johnson said the company continues to learn as it expands and drives customer awareness of the new channel.

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PG&E Bankruptcy Plans May Hit Suppliers, Too

PYMNTS

billion annually if it renegotiates to the now-lower market rates. The publication said that late payments have been cited by companies ranging from Bechtel to Boston Consulting Group. Some firms have said the delayed payments from Saudi Arabia have impacted operations. Peacocks Extends Payment Terms.

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Chapter 11 Watch: Cosi Files, But Are Sears, Claire’s Next In Line?

PYMNTS

Cosi, the Boston-based sandwich chain renowned for its flatbread sandwiches, filed for bankruptcy in a Boston courtroom. Cosi operated 74 company-owned restaurants and 31 franchised restaurants in 15 states at the time of filing. The company also fired CEO R.J. Dourney and other executives in August. “We billion in debt.

Boston 100
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Five Ways QSRs Are Encouraging Diners To Skip Lines And Order Ahead

PYMNTS

The Coffee Bean & Tea Leaf® Senior Vice President of Operations Aidan Hay said in a press release at the time, “When people want coffee or tea, they want it now and we want their orders to be ready when they are.” Grubhub served some 180 delivery markets at the time and had plans to have 200 in all by the end of 2018.

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A Tale of Two Cities (Conference Season)

Celent Banking

Spring is usually the season for conference travel, and this season has been no exception. The fine warm weather was not the only thing that these two conferences had in common, as Temenos and FIS each took the opportunity to showcase their recent investments in new enabling technologies.