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

MAY 13, 2020

But in a collaborative effort with Flywire , Citi Commercial Bank is working to accelerate these transactions for Boston-area hospitals that need equipment fast. Citi and Flywire are putting their decade-old partnership to a new use in an initiative with The Boston Foundation , a community foundation connecting nonprofits to funding.

Boston 204

Boston Payments Security Massachusetts 204

PYMNTS

APRIL 1, 2020

Customer engagement firm Paytronix Systems said its online ordering software, using the software-as-a-service model, has what it takes to beef up food-delivery revenues. Paytronix said its online ordering saves time by taking brand information directly from Toast’s POS system, including menus and hours.

Online 150

Online Boston Massachusetts Software 150

PYMNTS

AUGUST 14, 2020

In a speech delivered by webcast at the Federal Reserve Board and Federal Reserve Bank of San Francisco’s Innovation Office Hours, Fed Governor Lael Brainard said that the Federal Reserve Bank of Boston is working with researchers at MIT to “build and test a hypothetical digital currency oriented to central bank uses.”.

San Francisco 283

San Francisco Boston Policies Massachusetts 283

BankInovation

APRIL 19, 2022

State Street Bank spent $423 million on technology and communications in the first quarter, up 5% year over year but down 3% from the Q4 2021 as the Boston-based bank continues to focus on tech infrastructure.

Technology 98

Technology Boston System Security 98

BankInovation

DECEMBER 7, 2021

Boston-based startup Numerated, which automates commercial loan generation, has acquired Fincura, Inc., a spreading automation and financial analysis fintech.

Fintech 96

Fintech Boston Analysis Software 96

Payments Source

NOVEMBER 21, 2017

Boston’s Massachusetts Bay Transportation Authority has approved a $723 million overhaul of its fare system that would eliminate cash payments on buses and trains.

Boston 64

Boston Massachusetts Training System 64

PYMNTS

JULY 8, 2020

The Federal Reserve Bank of Boston issued a state-by-state listing of lenders accepting applications from new business customers for the Main Street Lending Program on Wednesday (July 8). Launched in April, the Fed initiative pledged to purchase 95 percent of each loan banks provide to small and medium-sized businesses (SMBs).

Maine 142

Maine Boston Lending Resources 142

PYMNTS

APRIL 10, 2020

Charlie Baker said the payment system is completely online, and its success stems from the fact that the unemployment service was moved to a cloud-based system years ago. Still, not everyone is convinced the system is working in the Bay State. Massachusetts may be one of the rare exceptions.

New Hampshire 242

New Hampshire Maryland Massachusetts Boston 242

PYMNTS

JULY 22, 2020

Boston University , Northwestern , Trinity College , Georgetown and Duke have unveiled decreases in wages or to retirement contributions for the time being in an effort to mitigate the reduction of funds coming into the schools because of the pandemic. Some of the newest groups of people impacted by cost cutting are teachers, CNBC reported.

North Carolina 130

North Carolina Boston Houston Arizona 130

PYMNTS

NOVEMBER 23, 2020

Advanced AI Makes Systems Smarter. To illustrate how AI adoption is playing out in the field, the November Mobile Order-Ahead Tracker® contains a deep dive on the efforts of the Colorado-based Boston Market chain. Businesses rapidly embraced digital solutions in 2020 as shopping (and eating) moved online while everyone hid out indoors.

Mobile 289

Mobile Boston Fraud Colorado 289

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

Perficient

NOVEMBER 30, 2022

Among its attendees were representatives from The Clearing House (TCH), The Federal Reserve Bank of Boston, and SWIFT, along with some of the largest financial institutions in the U.S. . It’s easy to reach the conclusion that real-time payments are better for several reasons and understand that legacy payment systems have not been perfect.

Fraud 275

Fraud Management Payments New York City 275

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. And there’ll be quite a bit of tinkering with the technology (especially the infrastructure) and the use cases to get there.

Boston 269

Boston Massachusetts Knowledge Base Policies 269

PYMNTS

SEPTEMBER 30, 2019

As weaknesses in authorization systems can be exploited by online thieves, financial services firms are more vulnerable to hackers and get hit 300 times more often than other businesses, according to the Boston Consulting Group. The new service is being featured at the Mastercard Cybersecurity Summit in Croatia from Sept.

Boston 177

Boston Security System Cards 177

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. merchants and acceptance at Mastercard.

Los Angeles 193

Los Angeles New York City Payments Denver 193

Perficient

JULY 8, 2020

Recently, Built In Boston , a well-known online tech community, profiled our own Vice President of People, Andrea Lampert, SPHR, to get her take on how companies can continue to build a culture while working remote that will last for the long-term. You can read the full article here and enjoy her takeaways below. BONUS: Meet Andrea.

Company 365

Company Boston Meeting Leadership 365

PYMNTS

MAY 13, 2020

Atul Gawande will resign as Haven’s CEO to serve as chairman of its board of directors, the Boston-based organization announced on Wednesday (May 13). It will also enable me to devote time to policy and activities addressing the immediate and long-term threats to health and health systems from COVID-19.”.

Boston 130

Boston Policies Leadership System 130

PYMNTS

JANUARY 25, 2018

In an interview with PYMNTS, CEO and Founder of Reviver Auto Neville Boston said that for the firm, which traces its genesis to 2009, the “initial thought process was simplifying the registration process. It’s about fixing a broken system with technology,” he said, “and then working in concert with the DMV or DOT to that desired end.”.

Boston 128

Boston California Michigan Georgia 128

PYMNTS

NOVEMBER 6, 2018

A new global study shows that metro systems around the world are carrying close to 170 million passengers each day, and with that number only expected to grow, improving the speed and reliability of transit services is a key concern for most urban residents.

Metro 176

Metro New York City New York United States 176

PYMNTS

DECEMBER 18, 2020

Facebook’s Libra might be fading a bit as a perceived threat to monetary systems that have been in place around the globe for centuries. Meanwhile, the Boston Fed has been working with the Massachusetts Institute of Technology to explore the necessary tech infrastructure.

Cleveland 357

Cleveland Massachusetts Boston cryptocurrency 357

PYMNTS

OCTOBER 6, 2020

Restaurants will once again have to pull out all stops to draw customers, including relying on third-party ordering systems like Grubhub and Uber Eats. QSRs are also improving their in-house ordering systems to make up for declines in walk-in traffic. cities, including Boston, Chicago, New York and Washington, D.C.

Report 237

Report Innovation Boston Chicago 237

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. The upgrade to the system also allows the U.S.

Payments 193

Payments Boston System New York 193

PYMNTS

DECEMBER 5, 2019

The Federal Reserve System has joined the U.S. 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. As a result, the FPC was created in 2018.

Kansas City 135

Kansas City Payments Kansas Boston 135

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. Those questions include: How does the Fed get those digital dollars to move throughout the banking system?

Boston 233

Boston System Online Payments 233

PYMNTS

OCTOBER 18, 2020

The new SIBS arrangement is possible, SIBS said, because SIBS has been connected to the TARGET Instant Payment Settlement, the system launched in November 2018 that allows European banks to make instant payments between each other. In the U.S.,

Payments 167

Payments Boston System Survey 167

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

SEPTEMBER 25, 2018

The popularity of our streaming and tablet entertainment systems is proof,” the company wrote in a blog post. “For a limited time, we’re taking it a step further by creating a movie theater-like experience at 35,000 ft.”

Alaska 133

Alaska San Diego Boston Missouri 133

Bobsguide

APRIL 11, 2017

Prior to his current role, he was the director of fixed income trading systems for Bank. With over 20 years of experience in building, implementing and supporting financial service applications, Christopher John currently leads the revenue and expense management solutions as president at Broadridge.

Boston 60

Boston Management Trends Industry 60

PYMNTS

JANUARY 18, 2018

Austin, Boston, New York and D.C. Boston, Massachusetts. Amazon’s preferences for its HQ2 site specify a metropolitan location, a local population exceeding 1 million people, access to a solid mass transit system, a major airport nearby and a strong enough local economy to attract and retain talented workers.

Columbus 101

Columbus Los Angeles North Carolina New York 101

PYMNTS

MAY 5, 2020

Ironically, the fact that many CUs have undertaken core systems upgrades can make them a more visible target, although one that has been hardened against just these kinds of cyber raids. Fraudsters are finding increasingly sophisticated ways to beat the system to commit financial fraud, however,” including big spikes in phishing attempts.

Fraud 239

Fraud Analytics Boston New York 239

PYMNTS

APRIL 6, 2020

Aside from headquarters in Dublin, the startup also had offices in Edinburgh and Boston. . Cahill said in 2018 that his company “managed to shrink its system to the point where, once the AI is trained, the software uses as little as 25 megabytes of memory — about the same size as four Apple Music songs.

Apple 160

Apple Boston Software Training 160

PYMNTS

JUNE 23, 2020

Business clients of HSBC Hong Kong can integrate instant electronic Direct Debit Authorization (eDDA) within their own systems to support real-time funds transfer, the bank said, without requiring those businesses to separately log in to their banking portals and set up direct debit instructions.

Fraud 266

Fraud Community Bank Virginia Community 266

PYMNTS

SEPTEMBER 9, 2020

Also participating were existing investors Boston-based Optum Ventures, which offers capital and strategic guidance to startups; TI Platform Management LLC., Also participating were existing investors Boston-based Optum Ventures, which offers capital and strategic guidance to startups; TI Platform Management LLC.,

Company 184

Company Los Angeles Connecticut Massachusetts 184

PYMNTS

NOVEMBER 22, 2020

The WSJ reported that Boston-based Bain raised the funds even though other global impact funds have struggled with fundraising this year, drawing just $14.6 While COVID-19 has spurred the move to digital payments for companies, Bain Capital investors also see shifting cultural norms making more room for digital systems.

Capital 188

Capital Policies Massachusetts Boston 188

PYMNTS

JULY 23, 2020

James Gardner, a Boston-based retail healthcare consultant, told CNBC opening clinics in different places will let Walmart test its success. In Florida, he said, the large senior citizen population will possibly be attracted to the low costs of the system due to their fixed incomes.

Atlanta 170

Atlanta Georgia Jacksonville Florida 170

PYMNTS

SEPTEMBER 17, 2020

In notes on its most recent (August) meeting of the bank’s Payments System Board, the members said that “at present there is not a strong public-policy case for issuance in Australia, given that the electronic payments system in Australia compares very favorably with those in many other countries and access to cash remains good.”.

Policies 181

Policies Boston Examples ATM 181