PYMNTS

APRIL 1, 2020

Boston Federal Reserve President Eric Rosengren said on Wednesday (April 1) that despite the best efforts of politicians and central bankers to contain COVID-19’s economic impacts, the U.S. The Boston Fed chief said the central bank has already moved to help lessen the coronavirus pandemic’s economic harm.

Boston 109

Boston Regulation Video Analytics 109

PYMNTS

SEPTEMBER 9, 2020

Boston Telemedicine Company Amwell Prices IPO. Amwell, the Boston-based telemedicine company, is planning to go public as the demand for virtual healthcare offerings skyrockets amid the coronavirus pandemic. Where People Spent Stimulus Payments – And Where They Didn’t. Amwell plans to raise between $490 million and $560 million.

Boston 131

Boston Apple Company Payments 131

PYMNTS

DECEMBER 3, 2020

Sridhar Kanthadai , APAC head of wholesale payments at J.P. Morgan , spoke with PYMNTS last month about the digitization of treasury departments, which need to modernize in the face of the pandemic by streamlining how cash is handled and more.

Boston 228

Boston Fintech Taxes Management 228

PYMNTS

MAY 22, 2020

Boston’s Petit Robert Bistro , one of the city’s fanciest French restaurants, started 2020 with expectations that were anything but small.

Boston 244

Boston Massachusetts Operations US 244

Perficient

NOVEMBER 30, 2022

Our Payments Practice recently had the opportunity to represent Perficient at the 2022 Real-time Payments & Fraud Management Summit held in New York City. . Real-time payments are going mainstream. . 2023 will bring to mainstream The Federal Reserve “FedNow” service and The Clearing House Real-time payments (RTP) Network.

Fraud 275

Fraud Management Payments New York City 275

PYMNTS

AUGUST 15, 2019

Amazon has announced that it is set to open an Amazon Books location in Nashville, as well as an Amazon 4-star store in Boston. Geek Wire reported that the announcement came on the same day the eCommerce giant launched its fourth 4-star store in Seattle. The first location opened in New York City last September.

Nashville 153

Nashville Boston New York City Colorado 153

PYMNTS

MAY 13, 2020

Preserving trade flows of particular importance in the healthcare sector today, with cross-border B2B payments essential to this effort. But in a collaborative effort with Flywire , Citi Commercial Bank is working to accelerate these transactions for Boston-area hospitals that need equipment fast. Accelerating PPE Procurement.

Boston 204

Boston Payments Security Massachusetts 204

BankInovation

MAY 13, 2020

A partnership between Citi Commercial Bank and payments fintech Flywire benefited Boston health care workers last month.

Boston 69

Boston Security Fintech Payments 69

Payments Source

MAY 3, 2020

The shortage of personal protective equipment (PPE) for medical workers is one of the most troublesome elements of the coronavirus outbreak, though prior work to declutter cross-border supply chain payments provides some hope.

Boston 153

Boston Payments 153

Bank Innovation

JANUARY 9, 2018

While mobile banking has become normal for the majority of Americans, mobile payments remain less ubiquitous in the U.S. To change that, merchants and consumers are going to have to find a way out of the “chicken-and-egg” syndrome that is slowing adoption, a report released last week by Federal Reserve Bank of Boston found.

Mobile 296

Mobile Boston Payments Report 296

PYMNTS

SEPTEMBER 22, 2019

The Boston Federal Reserve president think that co-working spaces could ultimately hurt the economy, and even worsen the next U.S. recession. “I

Boston 116

Boston New York Exercises Conference 116

PYMNTS

MAY 6, 2020

The Federal Reserve has formed a FedNow Community group for its upcoming instant payment offering, the FedNow Service , and needs volunteers to support it, the Fed announced Wednesday (May 6). Montgomery, Federal Reserve Bank of Boston first vice president, in a statement. toward faster, digital payments.

Community 234

Community Payments Boston Groups 234

Bank Innovation

MARCH 17, 2017

Boston-based money transfer firm Flywire has launched a new offering, targeted at international business-to-business (or B2B) payments. The fintech will enable faster settlement between businesses, seeking to make those transaction “local.”

Boston 191

Boston Payments Fintech Online 191

BankInovation

MARCH 22, 2024

FedNow, launched just eight months ago, has overtaken its main competitor, The Clearing House’s Real-Time Payments network, in terms of the number of banks on the platform.

Boston 71

Boston Maine Payments 71

PYMNTS

APRIL 2, 2020

Plus, the Boston Federal Reserve Chief said the U.S. Previously, Apple had users pay solely through its own payment service, taking a cut of between 15 and 30 percent before passing the remainder onto a third-party service like Amazon. Boston Fed Chief Rosengren Expects Jobless Rate To ‘Rise Dramatically’.

Apple 140

Apple Boston Payments Video 140

Payments Dive

MARCH 23, 2017

A recent field test from the Boston Fed's Payments Strategies group shows the shortcomings of today's market.

Boston 170

Boston Payments Mobile Strategy 170

PYMNTS

OCTOBER 18, 2020

Portuguese payments provider SIBS has taken its instant payments service international two years after launching it as a intra-country platform. SIBS said more than 5 million instant payments were made inside Portugal over the past year — a rate of about 450,000 transactions per month. In the U.S.,

Payments 167

Payments Boston System Survey 167

PYMNTS

JUNE 25, 2020

With universities and students across the world struggling with a cash crunch amid the pandemic, digital payments company Flywire announced in a press release that it wants to help. Colleges and universities, in turn, can choose which payment methods to add or offer “based on student demand,” Flywire noted in the release.

Payments 162

Payments United States Boston Study 162

Let's Talk Payments

OCTOBER 3, 2017

Ex-Adyen North America President, Peter Caparso, joins Checkout.com to lead US growth Boston, October 3, 2017, 9:00 AM EST – Leading international online payments company, Checkout.com has today announced its.

Boston 66

Boston US America Online 66

Bank Innovation

OCTOBER 22, 2019

Payments giant Mastercard has acquired Boston-based SessionM, a nine-year-old software company that helps clients improve customer relationships through data analysis.

Boston 170

Boston Data Branding Analysis 170

PYMNTS

JULY 31, 2019

says its insurance customers can now receive claim payments through the digital platform PayPal. This is the natural evolution of our claim payment processes, and it is one more way we’re making the entire claim experience easier.”. It is teaming up with NACHA – The Electronic Payments Association to make this happen.

Company 163

Company Payments Boston Industry 163

American Banker

SEPTEMBER 18, 2023

Payments revenue growth is slowing from economic headwinds, lower-cost digital transactions and upstarts cutting into incumbents' profit margins, according to a Boston Consulting Group report. Here's what to expect.

Report 41

Report Boston Payments Cards 41

PYMNTS

OCTOBER 12, 2020

There is no dearth of faster payments initiatives — and no certainty that there will be one faster payments scheme to rule them all. Along the way, not surprisingly, we’ll transition more fully to digital payments across modernized (and streamlined) rails, flowing domestically and eventually across borders.

Payments 244

Payments Boston System Operations 244

PYMNTS

DECEMBER 5, 2019

Faster Payments Council (FPC) as a founding sponsor, the Fed announced in a press release on Thursday (Dec. Our payment system is a vital part of America’s infrastructure that touches everyone,” said Esther George, president and chief executive officer of the Federal Reserve Bank of Kansas City. payment system is improved.

Kansas City 135

Kansas City Payments Kansas Boston 135

Payments Dive

FEBRUARY 13, 2018

The Boston-based company has a new twist on in-vehicle payments that uses a device already present in some 35 million automobiles on the road today.

Boston 210

Boston Marketing Payments Company 210

PYMNTS

MARCH 22, 2019

“From mobile ticketing to digitizing commuter cards and enabling contactless payments, Mastercard has already embedded its technology in 16 metro areas including Los Angeles, Boston and Denver to make getting from Point A to Point B as simple as buying a morning cup of coffee,” the company said.

Los Angeles 193

Los Angeles New York City Payments Denver 193

PYMNTS

NOVEMBER 26, 2018

Cubic Corporation announced Monday (November 26) that its Cubic Transportation Systems unit and Transport for New South Wales will expand the contactless payment system to cover Sydney’s train network. That is being made possible by recent contract wins by the company. The project began with a trial on the Manly ferry in 2017.

Training 182

Training System San Francisco Payments 182

PYMNTS

DECEMBER 11, 2017

Federal Reserve System has appointed its Payments Security Strategy leader, the agency announced Friday (Dec. Kenneth Montgomery, first vice president and chief operating officer of the Federal Reserve Bank of Boston, is taking up the position. Treasury and financial market, among other responsibilities.

Security 112

Security Kansas City Payments Boston 112

PYMNTS

JUNE 8, 2020

Amy’s payments industry insight and unique experience in properly scaling a company will be valuable assets to our growth strategy,” said Paytronix CEO Andrew Robbins. “I Amy is an exceptional entrepreneur,” said Nick Cayer, partner at Boston-based Great Hill Partners.

Industry 130

Industry Payments Austin Boston 130

PYMNTS

AUGUST 14, 2020

A week after details of the Federal Reserve’s instant payment initiative emerged, news came via Bloomberg that the central bank is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing digital currency. Digital dollars on the horizon? Maybe – but first comes a focus on policy.

San Francisco 283

San Francisco Boston Policies Massachusetts 283

PYMNTS

DECEMBER 6, 2019

In today’s top news in payments, Visa has announced it’s going to begin a new certification program in dispute resolution, as well as fund scholarships that can be used toward the training. Also, the co-founder of Boston-based payments firm Circle will step down from his co-CEO role at the end of the month.

Training 130

Training Boston Payments Tools 130

PYMNTS

AUGUST 7, 2020

For the Federal Reserve, real-time payments will take time — three or four years’ time, to be specific. Federal Reserve Board members this week shed some light on the timing and mechanics of FedNow — an always-on, fully interoperable interbank-settlement service that will give rise to instant payments in the United States.

America 189

America Kansas City Payments Kansas 189

Payments Source

AUGUST 15, 2019

Kenneth Montgomery, a top executive at the Federal Reserve Bank of Boston, will head the push to make faster payments available across the industry in the next four to five years.

Boston 62

Boston System Payments Industry 62

PYMNTS

AUGUST 21, 2020

Earlier this month, as PYMNTS noted , the Federal Reserve said its Boston bank is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing digital currency. The focus on wholesale payments may bring various retail use cases to reality — including stimulus and disbursement of government payments.

Boston 269

Boston Massachusetts Knowledge Base Policies 269

Bank Innovation

AUGUST 17, 2017

Silicon Valley, New York City, and Boston all have thriving fintech communities, and are definitely worth a trip for the invested fintech entrepreneur, but the U.S. is already seeing a cluster of other fintech hubs emerge. These cities boast strong tech communities, talent pools, good coffee, and cheaper rents.

New York City 365

New York City Fintech Georgia Boston 365

PYMNTS

SEPTEMBER 24, 2020

The funding initiative is being led by existing investors Great Hill Partners LP, the Boston-based private equity firm, Eight Roads Ventures, the global venture capital firm based in China and.406 406 Ventures, the Boston venture capital fund. MineralTree Inc.,

Company 169

Company Atlanta Boston Software 169

PYMNTS

NOVEMBER 14, 2017

s first new payment and clearing system in more than 40 years is up and running. was moved between accounts at two different banks (there was only one customer with two bank accounts) via RTP, the name for a new “Real-Time Payments” system set up by The Clearing House. At 4:59:40 p.m. on Monday, $3.50 Progress in the U.S.

Payments 193

Payments Boston System New York 193