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Fed Exploring ‘Hypothetical’ Digital Currency

PYMNTS

In a speech delivered by webcast at the Federal Reserve Board and Federal Reserve Bank of San Francisco’s Innovation Office Hours, Fed Governor Lael Brainard said that the Federal Reserve Bank of Boston is working with researchers at MIT to “build and test a hypothetical digital currency oriented to central bank uses.”.

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Rinse Clothing Service Raises $14M To Expand To Boston, Chicago And Beyond

PYMNTS

Rinse has a solution for both, and thanks to a $14 million Series B funding round led by Partech, it’s taking that solution to two new cities: Boston and Chicago. Rinse currently serves its home base of San Francisco as well as Los Angeles and Washington, D.C. The solution is simple, but that doesn’t mean it was easy.

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Entrepreneurial Upscale Chefs Are Plating Recovery Plans

PYMNTS

Quick-service restaurants (QSRs), fast casual eateries and fast-food drive-thrus keep dominating headlines throughout the pandemic as a nation is understandably obsessed with staying fed on lockdown and after, when breathing the open air still feels oddly risky. As reported by Eater San Francisco, “the restaurant announced Wednesday (Sept.

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Uber’s Loyalty Play Links Merchant Deals To Free Rides

PYMNTS

Uber has shown that it’s far from shy about putting its brand alongside other ventures, and it’s recently demonstrated propensity for non-automotive transport is an indication that innovators there don’t lack the spine to take some risks when necessary. We’re excited to partner with Visa on this initiative.”.

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Helping Homeowners Access Home Equity Without Debt

PYMNTS

And this, Unison CEO Thomas Sponholtz told PYMNTS in a recent conversation has pretty much been in its terms of innovation in the world of homeownership financing since the mortgage was invented in 1192. ” Unison offers its services to both potential homebuyers and homeowners with equity in their properties.

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FinCEN Steps up Efforts to Protect Against the Six Biggest Threats to the U.S. Financial System

Abrigo

Financial criminals are working hard, using technology and innovation to their advantage, to stay one step ahead of FinCEN and financial institutions. Blanco discussed the organization’s active approach toward addressing the top financial threats to our financial system, our national security, and our communities and families.

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In Hawaii, Streamlined Mass Transit In The (HOLO) Cards, Beyond The Paper Pass

PYMNTS

Nouchi noted his transit system is marked by density of population and high use — and has the fifth-highest ridership in the nation, taking its place alongside New York, San Francisco and Boston, for example. Notably, he said, some of those transit-innovating peers are on their second or third generation of smart cards.

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