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

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

SEPTEMBER 15, 2020

In Berlin, where last week saw a two-day meeting of financial officials from Europe, central bankers discussed digital payments and the confines of digital, national currencies. She said, too, that “an increase in protectionist policies” may present risks in a landscape where foreign payment service firms still hold sway.

Boston 227

Boston Retail Meeting Maine 227

PYMNTS

AUGUST 24, 2019

As diehard baseball geeks pout about having to share TV time with another major sport, and most of the country goes into New England Patriot-hating mode, the digital payments and commerce industry gets pretty optimistic – and even excited. That’s because every NFL season promises to bring advances in payments. Biometric Plays.

Payments 161

Payments social media Mobile Seattle 161

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

PYMNTS

NOVEMBER 15, 2019

Welcome to the PYMTS Weekender, where we recap the week’s biggest development in payments and commerce. This edition includes news about Facebook’s new payments push, Amazon’s new robotics plan and why Google is working more closely with financial institutions. Facebook Launches ‘Facebook Pay’ For Cross-App Payments.

Google 139

Google Payments Apple cryptocurrency 139

PYMNTS

DECEMBER 18, 2020

As reported by Reuters , the Sand Dollar – a new digital currency issued and backed by the Bahamian central bank – is now in circulation, and bit by bit, has been making inroads into retail use cases. The money is spendable at a number of retail locations. Central Banks Around the World Eye CBDCs.

Cleveland 357

Cleveland Massachusetts Boston cryptocurrency 357

PYMNTS

OCTOBER 31, 2016

From loyalty to inventory management and data to omnicommerce strategy, there’s no shortage of available features and options for retailers looking to upgrade to full-service payments solutions. Even after a retailer does find a suitable option, integrating the system into their operations can be a challenge.

Payments 100

Payments Boston Retail System 100

PYMNTS

AUGUST 9, 2017

But, while more consumers are heading to mobile retail channels, the personal experience and ability to touch and preview items in-person offered by physical stores still holds allure for roughly 70 percent of shoppers. People aren’t [going] online anymore — they’re online all day,” Schambach said.

Mobile 110

Mobile Retail Metro Online 110

PYMNTS

MARCH 6, 2017

While many in the Greater Boston area stayed indoors to keep clear of the arctic chill that had descended upon the region, eight teams hunkered down in offices in the middle of the Financial District with another goal in mind: reimagining the retail and payments experience using AR/VR technologies. Payment-enabled, of course.

Retail 101

Retail Payments Boston Innovation 101

PYMNTS

FEBRUARY 1, 2019

Nike North America Media Relations Director Josh Benedek told Front Office Sports that the company took the “heavy lifting” out of shopping with its checkout experience: “All your preferences, all your credit card payments, everything like that is already set up on your phone. It makes that purchasing much easier.”

Atlanta 127

Atlanta Retail New York City New York 127

PYMNTS

JULY 8, 2019

In a new PYMNTS interview, Andrei Cherny, CEO at Aspiration Bank, shares with Karen Webster his experience in building this new retail banking concept over the last four years. What we’ve really done is create this category of socially conscious, sustainable retail banking that really didn’t exist before,” Cherny said. “We

Retail 116

Retail New York City Millennials Boston 116

PYMNTS

JANUARY 17, 2020

These days, it seems like you can hardly go a minute without hearing about the rise of 5G, the spread of facial recognition or how friction is being removed from all types of payment methods. Better internet for more people has obvious and positive implications for eCommerce and payments. communities. Expensive Cities.

Payments 131

Payments Los Angeles San Francisco New York City 131

PYMNTS

SEPTEMBER 22, 2020

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. As reported by Bloomberg on Tuesday (Sept.

Retail 169

Retail Boston Groups Regional 169

PYMNTS

JUNE 25, 2018

Then I went to Whole Foods on the North Shore of Boston Saturday morning to do some grocery shopping. I’ve been a Whole Foods shopper since I moved to Boston 17 years ago for the same reasons that each of you may be too: organic meat, seafood, produce and foods, great bread and cheese and a fun vibe. Prime for a Payments Switch.

Retail 156

Retail Branding Millennials Online 156

PYMNTS

OCTOBER 12, 2020

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. To be sure, recent PYMNTS research shows an increasing comfort level with digital payments, in general.

Boston 233

Boston System Online Payments 233

PYMNTS

DECEMBER 24, 2020

Building The (Retail) Use Cases. Said Allaire of the bid to get digital currencies more front and center: “Regulators are getting their arms around them … the digital asset market is now moving, more and more, into the mainstream of finance, FinTech payments and banking world.”. It’s not about going to production.”.

cryptocurrency 258

cryptocurrency Bitcoin Course Boston 258

PYMNTS

MAY 27, 2016

Omnicommerce usually refers to where and how retailers sell their products, not necessarily who they choose to sell them with. From office supplies and communal workspaces to new ways to pay for concert tickets, more barriers to siloed retail activity are falling every day to the onslaught of retail partnerships.

Retail 100

Retail Las Vegas Millennials Conference 100

PYMNTS

AUGUST 16, 2018

trillion in 2017, and that could nearly double by 2021 — online billing platforms are rushing to incorporate payment processing capabilities into their offerings. That’s according to the new “ Payments Powering Platforms Tracker ” from PYMNTS. Source: Payments Powering Platforms Tracker , powered by WePay.

Industry 105

Industry Payments Online Boston 105

PYMNTS

JUNE 5, 2019

While some markets may be seeing relatively slower adoption of mobile point-of-sale (mPOS) than others, there’s no denying that the overall popularity of mobile and contactless payments are growing fast among consumers. Meanwhile, POS solution providers like Ingenico are betting on the growing popularity of contactless payments.

San Diego 130

San Diego Apple America Mobile 130

PYMNTS

SEPTEMBER 17, 2020

One key reason: the New Payments Platform is doing just fine. An increase in protectionist policies” may present risks in a landscape where foreign payment service firms still are dominant, she said. That approach differs from the “wholesale” payments explorations that are increasingly in focus in other countries.

Policies 181

Policies Boston Examples ATM 181

PYMNTS

JUNE 6, 2019

Skirting Cash Shortages at Boston Pride. Boston’s pride celebration is one of the season’s biggest events for Mandy Roberge, the owner and artist behind Wicked Good Henna. The 2018 Boston Pride parade reportedly saw more than 750,000 spectators and over 55,000 marchers. Her needs are relatively simple.

San Diego 137

San Diego Boston Cards New York 137

PYMNTS

OCTOBER 9, 2020

The BIS report issued this week that focuses on “foundational principles” defines a CBDC as “a digital payment instrument, denominated in the national unit of account, that is a direct liability of the central bank.”. The Bank of Thailand has announced a project to develop payments for businesses using CBDCs.

National 175

National Boston Examples Course 175

PYMNTS

JULY 6, 2020

The COVID-19 pandemic has changed how consumers buy goods, and some of these new payment behaviors could continue well after the crisis ends. These safety and convenience considerations are pushing more consumers to use — and more merchants to enable — contactless and CNP payments. Safety Concerns Encourage Contactless Card Use .

Cards 130

Cards Survey Examples Retail 130

PYMNTS

JUNE 2, 2020

Caplan said the goal of the new program, called Alibaba.com Payment Terms, is to “get both sellers and buyers quickly set up for success and provide the critical tools and services that are required for growth. Beauty , a makeup and beauty products retailer. “Ultimately, our goal is to give SMBs even greater access to the $23.9

Kansas 143

Kansas Boston America US 143

PYMNTS

JULY 30, 2018

” The news comes more than a year after the McDonald’s in Boston was to activate what it called a “customized digital Big Mac ATM.” In lieu of payment, hungry customers will “pay” with their Twitter handles and get a free lunch. Create our own currency.” and the Grand Mac — free of charge.

Boston 100

Boston ATM Examples Retail 100

PYMNTS

APRIL 11, 2017

The Super Bowl may be a memory, but the somewhat improbable victory of the New England Patriots was still fresh in the minds of many at snow-jammed Boston during Innovation Project 2017. In many firms, “from SMBs up to the biggest retailers,” said the executive, assets have been siloed. Bisignano agreed (“This is a journey”).

Data 138

Data Payments Innovation Retail 138

PYMNTS

FEBRUARY 4, 2019

To serve customers who want to shop in stores and online, retailers and solution providers are working to offer a unified retail experience across multiple channels. According to the latest PYMNTS mPOS Tracker , almost two thirds – or 63 percent – of retailers plan to offer this option within the next three years.

Innovation 126

Innovation Retail Mobile Massachusetts 126

PYMNTS

OCTOBER 3, 2019

Today in the payments news roundup, FinTech startup Brex is launching a business cash management account to take the place of traditional business bank accounts. Goldman reportedly wants to keep expanding retail offerings and raising revenue, while Saga wants to become more competitive in regards to savings offerings.

Management 108

Management Fraud Payments Boston 108

Abrigo

JULY 25, 2023

How offering FedNow instant payments affects fraud & AML/CFT compliance What financial crime staff can do to prepare fraud and AML functions for implementing the FedNow Service for instant payments. Would you like other articles on fraud and AML/CFT compliance in your inbox? Instant payments service What is FedNow?

Fraud 195

Fraud Payments Security Resources 195

PYMNTS

OCTOBER 18, 2016

ImageSurge, a Boston-based unattended retail service provider, is looking to change the way consumers window shop. Here’s a preview: So far, Alshine said, imageSurge has been adopted by more than 150 retail storefronts and dozens of real estate companies throughout the U.S. ” Around the Unattended Retail world.

Retail 100

Retail Boston Mobile Technology 100

PYMNTS

DECEMBER 21, 2020

And you can see it in the hustle by retailers and brands large and small to pivot their businesses and business models — and the disclaimers on just about every retail site starting a week or more ago that orders placed online might not make it in time for Christmas. One hundred and ten (110) million U.S. consumers — 47.2

Apple 227

Apple Study Innovation Survey 227

PYMNTS

OCTOBER 13, 2016

NanoPay is finding that for mobile payments to take off, even among early adopters, using a phone to pay must be much more rewarding and convenient than tapping a card. Korean consumers see no evil in mobile payments. The statistics get even better as the daily average number of mobile payments increased almost 83 percent to 810,000.

Mobile 100

Mobile Payments Apple Samsung 100

PYMNTS

AUGUST 3, 2017

Are shopping malls doomed to fall by the wayside along with retail trends of the past? This year, Boston Retail Partners principal analyst Ken Morris shared his thoughts with Glossy on the closing department stores and what’s happening as a result. Not quite yet. But what’s interesting is what’s happening to the good malls.

Retail 133

Retail Massachusetts Technology Boston 133

PYMNTS

OCTOBER 12, 2020

Among the leading new capabilities were curbside pickup (55 percent) and contactless payments (51 percent). In some cases, like retail and restaurants, it’s because they are open for business. And big players have demonstrated the ability to make pivots and capture average volume in a retail race that has become heavily digitized.

Retail 220

Retail Study Report Boston 220

PYMNTS

JULY 16, 2018

It’s Boston. It’s February (or maybe it’s May, because it’s still snowing in Boston). So much so that P97 will go live this week with one of the largest fuel retailers in the United States, across 10,000 U.S. The firms are eyeing a confluence of mobile commerce, digital marketing and ease of payments. Picture this.

Millennials 109

Millennials Boston Retail Mobile 109

Payments Source

FEBRUARY 8, 2017

merchants now, up from 16% a year ago, according to a new report from Boston Retail Partners (BRP). Consumers can use Apple Pay at 36% of U.S.

Apple 60

Apple Report Boston Retail 60