PYMNTS

OCTOBER 12, 2020

The recently released report by the Bank for International Settlements ( BIS ) offers a general framework for digital currencies. It might also offer opportunities not possible with cash while supporting innovation.”. The idea that digital fiat will replace coins and bills may be conventional wisdom.

Boston 233

Boston System Online Payments 233

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.”. percent year over year,” PYMNTS reported.

Company 131

Company Retail Boston Capital 131

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. According to a report in CNBC citing Fidelity, billions of dollars are going toward Fidelity blockchain, Fidelity AI and Fidelity VR. Revenue was up 13.7

blockchain 164

blockchain Boston Technology Fintech 164

PYMNTS

SEPTEMBER 17, 2020

As reported by Cointelegraph Thursday (Sept. 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

Chris Skinner

MAY 18, 2017

Can Wal-Mart’s Expensive New E-Commerce Operation Compete With Amazon? After humblebragging about reading every annual report since 1972, he says he’s been “struck by Wal-Mart’s maniacal focus” over its storied 54-year history. It’s a benchmark article showing how an incumbent giant finds it hard to adapt.

Omaha 277

Omaha Video Arkansas Boston 277

PYMNTS

JANUARY 21, 2020

The story as WSJ reported it shines a light on the towering role hospitals play — effectively as brokers of data — when large companies are venturing into the healthcare industry, which is worth billions. 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

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. The trend is even worse among Western European FIs, with shrinking profits prevalent among 57 percent of institutions in this region, reports said.

Boston 109

Boston Survey Digital Strategies Regional 109

PYMNTS

DECEMBER 11, 2018

The Wall Street Journal reports that cryptocurrency firms are laying off employees, a survival tactic in a world where crypto prices have crashed in some instances by more than 85 percent. The number of employers listing blockchain-related jobs is still rising, but at a much lower rate,” said the report. The anecdotes abound.

blockchain 154

blockchain Boston cryptocurrency Capital 154

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

OCTOBER 2, 2017

According to reports from Chain Store Age, the company’s new Day of Delivery Tracking offering is part of an increased focus on improved customer service. In retail news, home goods eTailer Wayfair announced Friday (Sept. 29) it had launched a new tracking feature to help keep its delivery team accountable for deadlines.

San Francisco 101

San Francisco New York City Cleveland Detroit 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

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. He added that the service will provide additional reporting and messaging features as implementation takes shape. FedNow Will Augment Private Systems, Not Replace Them .

America 189

America Kansas City Payments Kansas 189

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

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

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.”. Reports and Trackers .

Google 139

Google Payments Apple cryptocurrency 139

PYMNTS

FEBRUARY 16, 2017

And while partnerships, collaboration and internal product development have helped banks to improve their reputations for innovation among their corporate clients, a new report from Boston Consulting Group says it’s not enough. Baumgärtner also coauthored the report. ” Positive Developments, New Opportunities.

Survey 109

Survey Regional America Boston 109

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

OCTOBER 12, 2020

As of fall 2020, a third of consumers report that they are very or extremely likely to select a merchant based on the availability of suitable digital, touchless offerings. The number of consumers who report missing the physical shopping experience has dropped by 20 percent since April. The Power of Persistence.

Retail 220

Retail Study Report Boston 220

PYMNTS

DECEMBER 21, 2020

You can see it in the quarterly earnings reports this year of just about every publicly traded company and among the list of companies that have either gone public one way or the other or have filed S-1s because they plan to do so soon. Source: PYMNTS.com survey of 2,683 consumers conducted between Nov. 23-25, 2020.

Apple 227

Apple Study Innovation Survey 227

Independent Banker

NOVEMBER 30, 2021

Here, a fraudster obtains a legitimate user’s details to take over their online accounts, enabling the theft of money or a credit card, according to Marianne Crowe, vice president in the Secure Payments Innovation and Research group at the Federal Reserve Bank of Boston. The best defenses against fraud. Education as an anti-fraud tool.

Fraud 160

Fraud Strategy Community Bank New York City 160

PYMNTS

JANUARY 26, 2018

cities, such as New York, Los Angeles, Boston and Chicago, PC Magazine reported. Farnsworth said many movie theater operators are interested in partnering with MoviePass — but not AMC. MoviePass has dropped a few AMC Theatres from its popular movie ticket subscription service. He said that equates to $34.4

Los Angeles 110

Los Angeles Boston Chicago New York 110

PYMNTS

JUNE 24, 2016

Recode is reporting that Lyft and GM are throwing more backing behind their jointly run Express Drive program that lets Lyft drivers rent GM vehicles for use through the ride-hailing platform. However, aspects of that partnership are already bearing fruit, and both companies are ready to bear much more of it. In Washington, D.C.,

Baltimore 101

Baltimore Chicago Washington Boston 101

PYMNTS

SEPTEMBER 9, 2016

million in seed funding, reports by TechCrunch said on Wednesday (Sept. Reports said the company is looking at blockchain technology to streamline invoice payment, purchase orders and other procurement necessities. While it’s unclear exactly when the funding occurred, InstaSupply has raised $1.5 B2B eCommerce.

Capital 100

Capital Boston Management Report 100

PYMNTS

NOVEMBER 8, 2017

Uber, Lyft, cab companies and delivery companies are all reporting trouble keeping their staffing rolls sufficiently stocked to handle the sudden upswing in demand to keep people and things on the road and on the go. That is today. A decade from now? Well, things are a bit more murky.

Michigan 101

Michigan Colorado Operations Boston 101

PYMNTS

FEBRUARY 22, 2018

Uber Eats, the food delivery branch of the ridesharing company, was on track to post more than $3 billion in gross sales by the end of 2017, The Financial Times reported. Introduced in 2014 alongside a handful of other experimental services, Uber Eats operates worldwide in 29 countries. Target Market.

Marketing 134

Marketing Boston Operations Retail 134

PYMNTS

MARCH 11, 2016

So reads a job posting for Target’s new Silicon Valley-based startup project that is currently hiring for 20 positions, according to reports that first appeared in the Minneapolis Star Tribune. Stringfellow was promoted to the permanent position of VP of internal innovation and operations.

Retail 100

Retail San Francisco California Minneapolis 100

PYMNTS

FEBRUARY 12, 2018

Apocalypse, Schmapolcalypse, reports say, as a strong economy and historic levels of unemployment have driven people to open their wallets and buy more stuff than they have in a very long time. Some analysts project that one in every four of the 1,100 malls that operate today will close by 2022 — just four years from today.

Big Data 135

Big Data Data Retail Marketing 135

CB Insights

SEPTEMBER 6, 2017

As internet retailers are expanding their operations into brick-and-mortar operations (think Warby Parker, Argent, Bonobos, and BaubleBar ), venture capitalists are also investing in “physical-first” startups focused on creating new brick-and-mortar business models. Funding and investor information is as of 9/6/17. .

Maine 70

Maine Capital Rhode Island DC 70

PYMNTS

MARCH 30, 2018

Boston-based PreVeil did not disclose how much it raised in its Series A funding round, but it did note that Spark Capital provided the funding to support the company’s email and file security solution. Kenna said it plans to use the funds to expand its team, focus on sales and continue innovation efforts. Cybersecurity.

US 116

US Capital California San Francisco 116

PYMNTS

JANUARY 17, 2020

That matters because as time goes by and existing cities become prohibitively expensive — think San Francisco, New York City and Los Angeles, with Chicago, Boston and other areas not far behind — many younger, well-educated consumers are making moves to exurban or even rural areas, or smaller cities. Government Efforts.

Payments 131

Payments Los Angeles San Francisco New York City 131

PYMNTS

APRIL 30, 2018

Store count isn’t everything,” CEO Suzanne Greco told The Boston Globe. Bankruptcy protection will reportedly enable the company to close stores faster, breaking its losses and keeping operations running in the meantime. Subway has 44,000 locations worldwide, all of them independently owned. It’s about growing the business.

Retail 100

Retail Branding Boston Washington 100

PYMNTS

SEPTEMBER 22, 2017

The Hilton hotel chain is now allowing its customers to redeem their Hilton Honors rewards points via Amazon, making it the first hotel operator to offer such an ability. Boston Retail Partners (BRP) is attributing the shift to Amazon Prime, which, by dominating the retail landscape, is forcing competitors to keep up or give up.

Strategy 102

Strategy Los Angeles Retail Google 102

PYMNTS

APRIL 20, 2017

As we reported about three weeks ago, Bank of America has announced its plans to invest $1.5 The North Carolina Technology Association’s 2017 State of Technology Industry Report found that Charlotte and the Research Triangle area account for 60 percent of the state’s tech sector.

Charlotte 118

Charlotte North Carolina Community United States 118

PYMNTS

DECEMBER 7, 2018

In an interview with PYMNTS’ Karen Webster, Gradifi’s new CEO David Chang — all of a week and a half in his role and a PayPal alum (where he helmed that firm’s Boston office) — said that all too often in conversation with young borrowers, it becomes apparent that debt is steering their career choices.

Study 170

Study United States Boston Millennials 170

PYMNTS

AUGUST 10, 2017

In this case , “a bit” goes back as long ago as January 2016, when it came out that beginning in the third quarter of 2015, Uber began to displace rental cars, at that point only in Boston. And, as has been known for a while, Avis has a pact in place with Waymo, to help manage self-driving vehicles based and operating in Phoenix, Ariz.

Phoenix 112

Phoenix Trends United States Boston 112

PYMNTS

SEPTEMBER 24, 2018

Emma Nutt, born in 1860 in a small town in Maine, was hired by Alexander Graham Bell in 1878 to be the world’s first female telephone switchboard operator. She stayed with Bell and the Boston Telephone Dispatch Company for more than 30 years until her retirement. At the end of her three-decade-plus career, about 25 percent of the U.S.

Google 190

Google Branding System Apple 190

PYMNTS

FEBRUARY 18, 2019

That’s the only way the business can ultimately continue to create value for its customers, create jobs for people, serve the ecosystem in which it operates and provide tax revenues. It has also spurred other businesses to follow its lead, irrespective of whether Amazon is even a relevant player in the ecosystem in which it operates.

Cards 169

Cards Course Study New York 169