PYMNTS

DECEMBER 6, 2019

In the fifth official study conducted by the Federal Reserve Banks of Atlanta, Boston, Richmond and San Francisco, the 2018 Diary of Consumer Payment Choice (DCPC) detailed the cash and non-cash payment behavior of U.S. An average of 14 percent of consumers per day reported making zero payments. consumers. And consumers in the U.S.

Study 101

Study Report Cards San Francisco 101

PYMNTS

OCTOBER 10, 2016

As retailers improve their inventory and fulfillment options, the gap between in-store and online commerce appears to be shrinking, at least according to a new report. foot traffic to retail stores saw its largest drop, 9.9 percent, in May, according to RetailNext. mobile ad spending is expected to increase by $12.8

Online 100

Online Boston Retail Mobile 100

PopularBank

DECEMBER 1, 2021

Costs of paying by mail vs. online and mobile banking. On the other hand, mobile and online bill pay from Popular Bank is free and available 24/7. The Federal Reserve Bank of Boston reports that bills represent about 30 percent of overall consumer payments, with most bills being paid by using a card or electronic methods.

Online 98

Online Mobile Fraud Boston 98

PYMNTS

AUGUST 10, 2018

To help drive customers to its online ordering system, McDonald’s is rolling out a free food “for life” promotion. The winner will score a McGold Card that gives two free meals a week over a 50-year period, USA Today reported. According to the contest’s website , the prize is worth $52,350. Why not have some fun with it?

Online 105

Online Cards ATM Boston 105

PYMNTS

APRIL 8, 2016

Online retail is known for moving fast, and sometimes, the execs pulling all the levers behind the scenes move even faster. online operations, had vacated his post effective April 1. online operations, had vacated his post effective April 1. “We’re in the process of identifying a successor.”

Online 100

Online Conference Boston Retail 100

PYMNTS

AUGUST 12, 2020

Federal Reserve officials said they don’t think the economy is coming back in full until the pandemic is contained, Reuters reported. citizens will likely have to learn to “live with” the virus for now, according to the report. Instead, U.S.

Dallas 242

Dallas Massachusetts Boston Survey 242

PYMNTS

JUNE 19, 2020

The Boston-based online sports gambling company announced Friday (June 19) it will sell 16 million shares of its stock. million in the first quarter, Boston Business Journal reported. which changed its name to DraftKings Inc. as part of the deal. . “I We have a ton of money on the balance sheet,” he said.

Boston 174

Boston Massachusetts Innovation Course 174

PYMNTS

SEPTEMBER 25, 2020

And as PYMNTS has previously reported , the Boston Federal Reserve has been working with the Massachusetts Institute of Technology to explore tech infrastructure. Participants reported boosting their average cash held on their persons by 17 percent to $81 from a previous $69.

Cleveland 330

Cleveland Massachusetts Boston Survey 330

PYMNTS

DECEMBER 23, 2019

Online betting company DraftKings is merging with two other companies and going public, according to a report by the Boston Business Journal. Jason Robins, the co-founder and CEO of DraftKings, is going to run the new company, which will be incorporated in Nevada and keep its headquarters in Boston.

Las Vegas 130

Las Vegas Company San Francisco Boston 130

PYMNTS

DECEMBER 23, 2019

Online betting company DraftKings is merging with two other companies and going public, according to a report by the Boston Business Journal. Jason Robins, the co-founder and CEO of DraftKings, is going to run the new company, which will be incorporated in Nevada and keep its headquarters in Boston.

Las Vegas 130

Las Vegas San Francisco Boston Nevada 130

PYMNTS

FEBRUARY 18, 2020

FinTech LendingClub is purchasing Radius Bancorp for $185 million in cash and stock, according to a report by CNBC. LendingClub provides personal lending online, and it wants access to funding that is more stable and not as expensive. Radius is based in Boston and has in the neighborhood of $1.4 billion in assets.

Fintech 242

Fintech FDIC Boston Lending 242

PYMNTS

MAY 18, 2017

From responsive mobile websites to on-demand offerings, consumers are increasingly demanding that retailers, both online and in the real world, cater to their needs in the moment. . And Boston Dynamics is working on their own robotic delivery system, which it showed off at this past April’s TED 2017 conference. On-Demand Days .

Report 109

Report San Francisco Retail United States 109

PYMNTS

JULY 11, 2017

These days, the best place to look may just be on an online platform. Meanwhile, Boston-based international payments and receivables solution Flywire recently announced a collaboration with PayPal to process payments from students and patients using the Flywire platform.

Report 161

Report Boston Trends Payments 161

PYMNTS

OCTOBER 20, 2017

And, rather than spending on overhead costs like stores and inventory, the company launched online, selling directly to consumers. There’s nothing more disappointing than ordering something online and it not being up to the quality you expect and that you paid for. The future of footwear may just be digital.

Online 100

Online Branding Los Angeles Miami 100

PYMNTS

OCTOBER 12, 2020

The recently released report by the Bank for International Settlements ( BIS ) offers a general framework for digital currencies. As many as 40 percent of individuals are shopping online more often, which of course means they are shopping in stores less often. But there’s room for co-existence of cash and digital currencies.

Boston 233

Boston System Online Payments 233

PYMNTS

APRIL 10, 2020

Nearly 17 million Americans have applied for unemployment assistance in the last three weeks as the nation’s economy came to a virtual halt amid the coronavirus pandemic, and states were overwhelmed by applications, Reuters reported Friday (April 10). But in Maine, at least, the benefits have yet to flow, according to the report.

New Hampshire 242

New Hampshire Maryland Massachusetts Boston 242

PYMNTS

MAY 6, 2020

Montgomery, Federal Reserve Bank of Boston first vice president, in a statement. Last summer, PYMNTS reported the FedNow initiative was expected to speed up the time it takes to process paper checks, inching the U.S. Interested individuals can apply online. toward faster, digital payments.

Community 234

Community Payments Boston Groups 234

PYMNTS

APRIL 10, 2020

CNBC reported that the global financial services company launched MarcusPay this week, allowing users to spread out big-ticket purchases across monthly payments. Marcus , the online-only consumer banking and lending arm of Goldman Sachs, offers personal loans with no late fees of up to $10,000, with rates ranging from 10.99

Los Angeles 212

Los Angeles San Francisco New York City New York 212

PYMNTS

DECEMBER 4, 2019

The brand will only sell its “Glossier You” fragrance, which has become one of the top-rated products on Glossier.com since rolling out in October 2017, CNBC reported. A Nordstrom partnership should help Glossier reach more shoppers who don’t reside close to its Los Angeles and New York stores, per the report.

Los Angeles 131

Los Angeles New York Miami Austin 131

PYMNTS

NOVEMBER 4, 2020

the Federal Reserve Bank of Boston said, “To date, U.S. A September report found that the number of open banking users in the U.K. This figure includes new users of online banking platforms or money management FinTechs, services that are covered under U.K. One need only look to the U.K. for a foretaste. “A

US 171

US Boston Regulation Data 171

PYMNTS

MAY 7, 2020

While sales fell 25 percent in the first quarter, the slowdown is expected to accelerate in the second quarter and could lead to an estimated contraction by as much as 35 percent for the year, said the Boston-based investment firm. Online luxury has remained resilient, while brand name stores and department stores have seen sharp drops.

Data 151

Data Survey Boston Study 151

PYMNTS

APRIL 4, 2018

Retail continues to migrate toward eCommerce, but warehouse space is not designed to keep up with the increasing pace of online orders. is more than 30 years old, and many lack modern features, CNBC reported. are in areas such as New Jersey, Boston, Pittsburgh and Philadelphia. The average age of a warehouse in the U.S.

Las Vegas 221

Las Vegas New Jersey Phoenix Philadelphia 221

PYMNTS

SEPTEMBER 23, 2020

Four former eBay employees have agreed to plead guilty next month in federal District Court in Boston, U.S. Bloomberg reported the four could cooperate with federal prosecutors in the pursuit of Baugh and Harville. Calls and emails to the six defendants’ attorney were not returned, the news outlet reported.

San Jose 173

San Jose Massachusetts New York City Leadership 173

PYMNTS

AUGUST 10, 2020

Boston-based Advent International , a global private equity firm focused on overseas buyouts, has purchased a stake in the United Kingdom’s parcel delivery group Hermes for 1 billion euros ($1.3 The goal for Advent is to profit on the surge in online sales. It will also take a 25 percent stake in its German business.

Boston 141

Boston Online Groups Retail 141

PYMNTS

OCTOBER 17, 2017

It’s a hungry brand, gobbling up three different food delivery competitors in the last quarter alone: Boston-based Foodler, Groupon’s OrderUp and most recently, Yelp’s Eat24. Grubhub absorbed 27 of OrderUp’s markets, including Baltimore itself, reported The Baltimore Business Journal. Foodler launched in Boston in 2005.

Baltimore 138

Baltimore Boston Chicago Mobile 138

PYMNTS

APRIL 29, 2020

Although the COVID-19 pandemic has pushed Opening Day off by more than a month, ESPN reported that league officials had previously declared all games missed to date as “postponed” rather than “canceled.” The network said that allowed franchises to hang onto ticket revenue.

Los Angeles 141

Los Angeles California Boston Policies 141

PYMNTS

NOVEMBER 7, 2018

The health retailer is looking to open concept stores in the beginning of 2019, CNBC reported. The news comes as CVS is testing a program in Boston in which customers get free delivery on prescriptions and online purchases, among other perks.

Boston 118

Boston Retail Branding Report 118

PYMNTS

OCTOBER 12, 2020

1-8 saw an increase in local spending and online foreign sales as the COVID-19 pandemic prevented millions from traveling overseas, CNBC reported Monday (Oct. Boston Consulting Group in September has estimated that the demand for luxury goods could underpin a spending boost on the order of 30 percent as the Chinese economy rebounds.

Boston 130

Boston Retail Groups National 130

PYMNTS

SEPTEMBER 22, 2020

As reported by Bloomberg on Tuesday (Sept. 22), Boston Consulting Group has estimated that that demand for luxury items could underpin a spending boost on the order of 30 percent as the Chinese economy rebounds. As reported in this space last week, the country saw retail sales increase for the first time since the pandemic took root.

Retail 169

Retail Boston Groups Regional 169

PYMNTS

DECEMBER 24, 2020

Square, for example, said in its latest earnings report that revenue from bitcoin trading came to $1.6 As reported, the company also said bought $50 million of bitcoin to hold on its balance sheet. “Staking a claim on bitcoin trading can pay off,” we wrote in this space recently.

cryptocurrency 258

cryptocurrency Bitcoin Course Boston 258

PYMNTS

APRIL 21, 2020

The San Francisco-based online food ordering and delivery service launched by Uber in 2014 said it will match up to $3 million in contributions made by customers, according to TechCrunch. As reported in early April, the National Restaurant Association created the fund to support U.S. It was led by Food Network host and chef Guy Fieri.

South Carolina 133

South Carolina San Francisco Montana New York City 133

PYMNTS

JANUARY 17, 2020

CarGurus, an auto marketplace based in Boston, has acquired car shopping platform startup Autolist, according to reports. Like CarGurus, Autolist is a tech-centric online auto shopping provider,” Jeremy Sacco, CarGurus’ director of B2B content and communications, wrote in a blog post.

San Francisco 130

San Francisco Boston Leadership Branding 130

Abrigo

OCTOBER 7, 2016

Have you purchased anything online recently? One study by The Boston Consulting Group estimated that small and midsize U.S. Leaders reap multifaceted benefits from the technology tools they adopt,” BCG’s report said. Writing a report while analyzing a business. Reducing the IT burden.

Technology 170

Technology Boston Software Study 170

PYMNTS

AUGUST 16, 2018

bills paid online. trillion in 2017, and that could nearly double by 2021 — online billing platforms are rushing to incorporate payment processing capabilities into their offerings. Younger consumers are leading the way when it comes to online bill payments, with 61 percent of those payments coming from millennials.

Industry 105

Industry Payments Online Boston 105

PYMNTS

OCTOBER 4, 2019

Online retailers are expanding their brick-and-mortar footprints – and using feedback from eCommerce customers to inform the selections in their new stores. Amazon , in one case, has added a suburban Boston location to its roster of Amazon 4-star stores, marking the fifth location of its type in the United States.

Retail 109

Retail San Francisco United States Boston 109

PYMNTS

JANUARY 8, 2020

A New York man, 39-year-old Bogdan Rusu, was sentenced to 60 months in prison on charges of using credit card skimming tactics to steal $390,141 from various New Jersey banks, according to a Department of Justice (DOJ) report. The case was prosecuted by Homeland Security Investigations, along with agents of the U.S.

San Diego 130

San Diego Cards New Jersey Massachusetts 130

PYMNTS

MAY 27, 2020

As The Wall Street Journal reported, the eatery hoped to avert a complete liquidation of its 98 locations in New York, the Mid-Atlantic, California, Illinois and Florida with a proposed $3 million sale of the business to Aurify Brands LLC. SeafoodSource.com has reported that a number of U.S. Le Pain Quotidien , the U.S.

Florida 131

Florida New York New York City Delaware 131