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FinCEN reissues real estate Geographic Targeting Orders

Abrigo

The purchase amount threshold for the GTOs to apply remains at $300,000 , where it has been set since 2018 when it was determined that money laundering is widespread within all residential real estate, not only on higher-end, expensive properties. New York City and Miami were the original targets under the first order in 2016.

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Travel, Retail Takes A Hit From The Coronavirus 

PYMNTS

Three quarters — or 75 percent — of companies in a poll noted they sidelined trips to Hong Kong, Taiwan, China and other places in the Asia-Pacific region. And food delivery platform Grubhub , along with mayors of large cities, has rolled out a economic relief plan for independent restaurants that face negative coronavirus impacts.

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And Then There Were 20 — The Amazon HQ2 Finalists

PYMNTS

The finalists are in, and Amazon has chosen its list of the 20 cities still in the running to be the home of its second headquarters (HQ2), according to Bloomberg reports. Austin, Boston, New York and D.C. Amazon first solicited proposals for its new HQ2 in September 2017. Boston, Massachusetts.

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Site Visits Fuel Anticipation For Amazon’s HQ2

PYMNTS

According to a person with a understanding of the visits, the eCommerce retailer visited Chicago, New York City and Chicago, The Wall Street Journal reported. That is partly because Amazon Chief Executive Jeff Bezos owns The Washington Post and has a house in the region. Austin, Boston, New York and D.C.

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Today In Payments: Facebook Closes $5.7B Deal For Stake In Reliance Jio; GM Shutters Its Car-Sharing Platform

PYMNTS

billion deal on Tuesday (April 21) for a minority stake in Indian telecom startup Reliance Jio, giving the social media giant a larger foothold in the region. Maven had already began winding down the number of cities in which it operated, shutting down in major markets like Boston, Chicago and New York City.

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Rescuing The Restaurant Business From App Decline

PYMNTS

Currently exiting beta in New York City, Fahmy’s new company, DineVite, claims to put the discounts back where they belong — with the restaurant owners. As the year rolls on he expects to launch in Seattle, Los Angeles, San Francisco, Austin, Dallas, Houston, Chicago, Boston and Miami.

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Tech Center: Startup Genome’s 2017 Global Startup Ecosystem Report

PYMNTS

Throughout the globe, there are cities that are traditionally thought of when it comes to startup epicenters. Whether it’s San Francisco, New York City, London or Hong Kong, each of these areas have become well-known for developing and implementing innovative ideas. The technology industry currently sits at 4.5

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