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Fed Banks’ Study Reports Rise In Card, ePayments

PYMNTS

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. payments per day,” the study stated. adult consumers who are 18 years old and older. Consumers in the U.S.

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Study: Virus Has Sent Most Adult Children To Live At Home

PYMNTS

Last week, despite a better than expected jobs report, Boston Federal Reserve President Eric Rosengren told CNBC a full recovery will not be possible until COVID-19 is under control. “We One-third of millennials have been laid off due to the COVID-19, and another 42 percent said their pay has been cut, researchers reported.

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Tracksmith: Taking DTC Running From Heartbreak Hill To The Global Market

PYMNTS

Boston is home to the world’s “statement race” — the Boston Marathon. you’d be hard-pressed to find a Chowdahead who doesn’t think Boston is the running capital of the world. you’d be hard-pressed to find a Chowdahead who doesn’t think Boston is the running capital of the world. He studied psychology and biology at Yale.

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Silicon Valley Investor Aims To Create Tech Hub In Maine

PYMNTS

The city can’t hope to compete in every way with heavy-hitters like Boston, Seattle, San Francisco and Silicon Valley, which captured nine out of 10 jobs between 2005 and 2017. So it will have to go its own way with the new institute to be called the Roux Institute after Silicon Valley investor David Roux, its patron.

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Fed’s Powell: CBDC Will Be Years, Not Months, Away

PYMNTS

Despite that, there have been early studies of such payment methods at the central bank’s Boston location, CoinDesk reported. “Effectively, we already have a first-mover advantage because [the U.S. dollar is] the reserve currency.”. Powell said it would likely be years rather than months before the Fed had any sort of CBDC ready.

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Data: Luxury Goods Sales May Drop 35 Pct This Year

PYMNTS

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. A PYMNTS study paints an even more grim picture, at least for brick-and-mortar stores.

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Bahamas Launches Digital Sand Dollar; Adds To Rise Of Central Bank Digital Currencies

PYMNTS

It’s been no secret that central banks around the world have been studying digital currencies or are actively in the midst of developing them. Meanwhile, the Boston Fed has been working with the Massachusetts Institute of Technology to explore the necessary tech infrastructure. Central Banks Around the World Eye CBDCs.

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