PYMNTS

AUGUST 3, 2017

Plain cake, glazed, chocolate dipped, Boston creme, powdered sugar and jelly was the standard line – with perhaps the occasional cruller or blueberry cake thrown in for exoticism. We felt it was going to cause a lot of chaos from the operations side.”. There was variety of course- but within limits. Moving To Mobile Payments .

Innovation 101

Innovation Mobile Michigan Ohio 101

Celent Banking

FEBRUARY 24, 2017

This particular article is focused on innovations in small business and corporate banking: two critical market segments for financial institutions as they seek revenue growth and relevance in the evolving digital B2B marketplace. Operations and Risk. Legacy Transformation / IT Platform Innovations. Emerging Innovation.

Innovation 114

Innovation Boston Technology Meeting 114

PYMNTS

APRIL 27, 2018

The restaurant, Spyce , is set to open this spring in central Boston. While the Restaurant Readiness Index revealed that QSR industry adoption of innovation has been spotty, kiosks were the one area where the best-performing and worst-performing QSRs were making advances. An earlier version was opened at an MIT cafeteria.

Innovation 105

Innovation Study Google Survey 105

Bank Innovation

MAY 24, 2019

Radius Bank, a one-branch Boston-based community bank with $1.2 As big banks try to win over customers with digital upgrades that resemble slick user interfaces from fintech startups, community banks are looking at new ways to keep pace with customer expectations. Many are seeing partnerships as the path to growth.

Community Bank 225

Community Bank Community Fintech Boston 225

PYMNTS

OCTOBER 6, 2020

The delivery sector is setting record revenues as dining rooms are operating at limited capacity, but this trend was in the works long before the pandemic began. cities, including Boston, Chicago, New York and Washington, D.C. Developments From The Order To Eat World. About The Tracker.

Report 237

Report Innovation Boston Chicago 237

PYMNTS

APRIL 4, 2019

Amazon also announced six new Alexa healthcare skills from healthcare providers, payors, pharmacy benefit managers and digital health coaching companies that are now operating in Amazon’s HIPAA-eligible environment.

Boston 151

Boston Management Innovation Technology 151

PYMNTS

JUNE 23, 2020

PYMNTS explores these stories and others in this week’s Payment Rail Innovation Tracker. First to test the infrastructure will be Siam Cement Public Company, which will adopt the technology for its procurement and supplier payments operations. And when it comes to legacy rails, the U.S. RTP Gains Community Bank Traction.

Fraud 266

Fraud Community Bank Virginia Community 266

PYMNTS

MAY 13, 2020

Atul Gawande will resign as Haven’s CEO to serve as chairman of its board of directors, the Boston-based organization announced on Wednesday (May 13). A search for a new CEO is underway while Mitch Betses, chief operating officer, manages day to day operations. s Optum unit.

Boston 130

Boston Policies Leadership System 130

Bank Innovation

MAY 17, 2018

At the JPMorgan Technology, Media and Communications conference in Boston yesterday, Kelly said: Remember blockchain actually is not very good about facilitating low-value high-volume scale transactions, which is the core of what we do. […].

blockchain 199

blockchain Technology Boston Conference 199

PYMNTS

APRIL 21, 2020

Halfway through the year, the company began winding down the number of cities in which it operated, shutting down in major markets like Boston, Chicago and New York City. GM said the decision came down to an evaluation of how the service was doing. Early in 2019, the head of Maven left her post.

New York City 140

New York City Boston Chicago Washington 140

PYMNTS

JANUARY 17, 2020

CarGurus, an auto marketplace based in Boston, has acquired car shopping platform startup Autolist, according to reports. PistonHeads also still operates under its own brand name. “We Like CarGurus, Autolist is a technology company with a pioneering mindset, which makes them a great fit with our innovative culture.

San Francisco 130

San Francisco Boston Leadership Branding 130

PYMNTS

JUNE 8, 2020

I look forward to working with the Paytronix team to bring its industry-leading innovation, including contactless ordering for table service … to markets around the globe,” said Porter. Paytronix clearly delivers value to the market by enabling operators to drive incremental sales and deliver safer environments for staff and guests.”.

Industry 130

Industry Payments Austin Boston 130

PYMNTS

JANUARY 28, 2019

Since about mid-December of 2018, checking out in the stores here in Boston has become even more of a hassle. This newfound friction is the result of the City of Boston passing a bill that bans plastic bags and gives merchants the right to charge for ones made of paper. Innovation by Any Other Name.

Regulation 181

Regulation Boston Cards Innovation 181

PYMNTS

SEPTEMBER 23, 2020

Such has been the case for Boston wine bar haley.henry , an eatery known for small plates, tinned fish and all-natural, small-batch wines shipped from all over the world. The pandemic has been fundamentally disruptive for restaurants, requiring rapid pivots — mostly on the fly.

Boston 266

Boston US Operations Company 266

PYMNTS

DECEMBER 11, 2017

Kenneth Montgomery, first vice president and chief operating officer of the Federal Reserve Bank of Boston, is taking up the position. The position means Montgomery will chair the Secure Payments Task Force, one of several task forces the Fed has formed to promote innovation and advancement in the industry.

Security 112

Security Kansas City Payments Boston 112

Celent Banking

JANUARY 20, 2017

Ongoing innovation in banking technology is clearly beginning to pay off, and we’ve been privileged to learn an immense amount from all of the financial institutions that took the time to tell us about their how they’ve been using technology and innovation to serve customers better, become more efficient, and mitigate risk.

Case Study 100

Case Study Boston Innovation Massachusetts 100

Chris Skinner

MAY 18, 2017

Can Wal-Mart’s Expensive New E-Commerce Operation Compete With Amazon? were put in charge of Wal-Mart’s entire domestic e-commerce operation, overseeing more than 15,000 employees in Silicon Valley, Boston, Omaha, and its home office in Arkansas. It’s a benchmark article showing how an incumbent giant finds it hard to adapt.

Omaha 277

Omaha Video Arkansas Boston 277

PYMNTS

NOVEMBER 3, 2020

Bloomberg reported this week that Boston-based home décor eCommerce giant Wayfair turned in strong third quarter financials, noting that the firm’s quarterly results “exceeded analysts’ estimates, suggesting the wave of home improvement inspired by the COVID-19 pandemic is lingering.”. These are the top stories in retail for Tuesday (Nov.

Company 131

Company Retail Boston Capital 131

PYMNTS

OCTOBER 19, 2020

More consumers mean more sales – and more sales means growth, expansion, jobs and prosperity for the business, its workforce and the local economy in which it operates. The owner of an upscale hair salon in Boston is an example of a business living this reality. Social proof can also work in reverse. Saving Main Street.

Maine 199

Maine Boston Branding Retail 199

PYMNTS

SEPTEMBER 30, 2018

Fidelity Investments , the Boston-based fund company, is becoming a leader in blockchain technology, investing billions of dollars on that and other cutting-edge technologies. CNBC noted that operating profits at partner company FMR increased 54 percent in 2017 with revenue topping $18.2 Revenue was up 13.7

blockchain 164

blockchain Boston Technology Fintech 164

PYMNTS

OCTOBER 12, 2020

It might also offer opportunities not possible with cash while supporting innovation.”. The BIS noted of central bank digital currency ( CBDC ) that “a CBDC could provide a complementary central bank money to the public, supporting a more resilient and diverse domestic payment system.

Boston 233

Boston System Online Payments 233

PYMNTS

SEPTEMBER 17, 2020

Earlier this year, as noted by PYMNTS , the bank said it “established a small in-house Innovation Lab as a way to strengthen engagement with, and understanding of, new and emerging technologies that are relevant to its policy and operational responsibilities.”

Policies 181

Policies Boston Examples ATM 181

PYMNTS

NOVEMBER 11, 2019

From an operational and risk perspective, we’ve handled the inflows smoothly, and without comprising our credit underwriting standards.”. According to reports last week, Amazon will soon be heading to Boston to construct a $40 million state-of-the-art robotics innovation hub. Amazon’s Big Robotics Investment .

Apple 101

Apple Massachusetts Data Cards 101

PYMNTS

JULY 5, 2017

Its abundance in payments and commerce is what inspires innovators to challenge a friction-filled status quo and create something new. But none rose to the level of the seriously friction-filled experiences that might motivate a would-be innovator to quit her day job and give up her life to solve for it.

Boston 124

Boston Regulation Innovation Study 124

PYMNTS

JANUARY 21, 2020

Lisa Bari, a consultant and former lead with health information technology for the Centers for Medicare and Medicaid Services Innovation Center, said data was a hot commodity, and that it essentially belongs to “whoever has it.” laws, data from patients can’t be shared unless it is needed for treatment, payment or hospital operations.

Data 130

Data Boston Washington Google 130

PYMNTS

AUGUST 7, 2020

The most recent details on FedNow come roughly a year after the central bank announced its plans to build and operate real-time rails. But she added that such innovation has raised “fundamental questions” about legal and regulatory safeguards. FedNow Will Augment Private Systems, Not Replace Them .

America 189

America Kansas City Payments Kansas 189

PYMNTS

SEPTEMBER 17, 2020

16) that it’s signed an exclusive multiyear arrangement with the New York Giants NFL team, making DraftKings the franchise’s “official sports betting, iGaming and daily fantasy operator.” DraftKings already has similar arrangements with three NBA franchises: the Boston Celtics, Indiana Pacers and Philadelphia 76ers.

Online 168

Online Indiana New York Nevada 168

PYMNTS

FEBRUARY 26, 2019

The access is exclusive to Caesars locations across select states where the company operates casino properties. ” Founded in 2012, Boston-based DraftKings offers daily fantasy sports contests across 11 professional sports and in eight countries, including the U.S., and Australia. . and Australia.

Online 108

Online Mississippi New Jersey Boston 108

PYMNTS

JUNE 21, 2018

The new company will be based in Boston and will operate as an independent entity free from profit-making incentives and constraints. Its new CEO is a globally-renowned surgeon, writer and public health innovator. He is also founding executive director of the health systems innovation center, Ariadne Labs.

Boston 100

Boston New York Resources Innovation 100

PYMNTS

MARCH 20, 2018

The Boston Consulting Group (BCG) has released a new report that suggests corporate bankers may be able to halt shrinking profits through digital transformation. According to the BCG’s “Corporate Banking Executive Survey,” “front-to-back digital transformations” are essential to halt this shrinkage.

Boston 109

Boston Survey Digital Strategies Regional 109

PYMNTS

NOVEMBER 15, 2019

Amazon To Build $40M Robotics Innovation Hub Near Boston. Tye Brady, chief technologist at Amazon Robotics , said the new hub will speed-up innovation and will be a “world-class facility, where our teams can design, build, program, and ship our robots, all under the same roof.”. Deutsche Bank told U.K.

Google 139

Google Payments Apple cryptocurrency 139

PYMNTS

DECEMBER 11, 2018

In that instance, the venture firm has yet to turn a profit, and the investments/firms that it funded were not even expected to gain traction on top lines, let alone find their way toward showing black ink on the operating line. Perhaps easier said than done, because innovation needs development – and development needs cash.

blockchain 154

blockchain Boston cryptocurrency Capital 154

PYMNTS

JULY 6, 2020

Anyone who has ever driven North on Route 1 from Boston, Massachusetts, has seen Kowloon Restaurant. Over the past 50 years, the Wong family has been the owners and operators, constantly adding themed dining rooms and even a comedy club. It’s hard to miss. Kowloon can accommodate 1,200 customers. That part was relatively easy.

Massachusetts 230

Massachusetts United States Boston Innovation 230

PYMNTS

OCTOBER 2, 2017

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.”

San Francisco 101

San Francisco New York City Cleveland Detroit 101

PYMNTS

OCTOBER 12, 2020

In an interview with Karen Webster, Boston Federal Reserve Chief Operating Officer and FedNow Program Executive Ken Montgomery said the central bank’s ambitious payments initiative remains on track — and will inject competition into the instant payments market.

Payments 244

Payments Boston System Operations 244

PYMNTS

FEBRUARY 7, 2020

Our team is dedicated to continuing 7-Eleven’s legacy of innovation with industry-leading digital solutions. RBS had the task of application development, food retail operations and technology connectivity, while UST Global and its partners provided the artificial intelligence (AI) solution and physical infrastructure.

Retail 143

Retail Dallas Massachusetts Technology 143

PYMNTS

JULY 30, 2019

That said, mobile order-ahead apps — as can be the case generally when comes to many types of retail innovations — have lower adoption among smaller QSRs. Additionally, 86 percent of mobile app operators said their offerings boosted revenues, and 93 percent said apps improved guests’ experiences and encouraged repeat purchases.

Mobile 148

Mobile New York Philadelphia Google 148