New York City moves to ban cashless stores

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The city would join San Francisco and Philadelphia among cities that prohibit stores and restaurants from only accepting electronic payments. Payments Mobile payments Payment methods Credit cards Cash Visa Mastercard American Express New York

Visa: US Contactless Payments Primed For A Big 2020

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When Visa launched a contactless payments pilot with New York’s Mass Transit Authority (MTA) seven months ago, the company started small, and with modest goals. By June, the MTA’s goal is to have half of all New York stations enabled.

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NYC Meters Won’t Take Credit Due To Y2K Bug

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Parking meters in New York City won’t take credit cards because they weren’t programmed to get card payments after Jan. 1, 2020, according to a report by the New York Post. It’s the city’s fault.

Visa Uses NYC Mass Transit To Ignite Contactless Payments

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specifically, the use of such payments for mass transit in New York City. That means riders can use any Visa credential – whether it’s a Visa contactless card , mobile device or wearable – to pay for rides (along with other retail purchases, of course).

Mastercard Offers Refunds For Tap-and-Go Customers In NYC

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Mastercard is running two transportation-friendly holiday season options for cardholders using tap-and-go payment in New York City, the company announced in a release. . This promotion goes through New Year’s Day.

Mastercard Offers Holiday Refunds For Tap-and-Go Customers In NYC

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Mastercard is running two transportation-friendly holiday season options for cardholders using tap-and-go payment in New York City, the company announced in a release. . This promotion goes through New Year’s Day.

Former Visa CEO Scharf named chairman of New York City Ballet

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was named chairman of the New York City Ballet, the largest dance organization in the U.S. Payment cards Charles Scharf Visa New YorkCharlie Scharf, the former chief executive officer of Visa Inc.,

Mobile Apps Unlock Urban Oases For Rest And Productivity

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Take 3DEN , which is located at New York City’s Hudson Yards development. In addition to the current Hudson Yards location, additional New York City locations are planned to roll out this year).

Fizzle Of The Week: The NYC Amazon HQ That Will Never Be

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Amazon and the city of New York managed to pull off one of history’s more spectacular break-ups this week, with the Valentine’s Day announcement that the city and the nation’s largest eCommerce firm would not be joining forces to build half of Amazon’s HQ2 in Long Island City.

Five At Five: Even Financial Gets New Funding Round

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Coverage includes Even Financial raising additional funding , Mattress Firm considering bankruptcy , the New York City Council planning to limit ridesharing licenses, Visa buying a stake in Israeli-startup Behalf and Microsoft Pay supporting MasterPass. Even Financial Gets New Round Of Funding. is reportedly mulling a move to file for bankruptcy protection as it looks to close some money-losing outlets and get out of some lease agreements, according to a new report.

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The New York Subway’s Better Digital Ticket To Ride

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New York City commuters – arguably the most on-the-go demographic in the United States – do not want to wait for anything. ” It’s an inefficiency that the New York Metropolitan Transportation Authority (MTA) has not only acknowledged, but committed to doing something about. Last week, they officially tasked long-term Mastercard partner Cubic Transportation Systems to implement a new fare payment system across the city’s entire subway (and bus) system.

Five At Five: NYC Votes To Impose Ridesharing Cap

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Coverage includes New York lawmakers seeking to put a cap on ridesharing services, states working to embrace blockchain , Hawaii saving money by converting some functions to digital, new data from the Federal Reserve and Starbucks clearing up the confusion over cryptocurrency. City Council Weighs In On Ridesharing Debate With Cap. The new figures show a slowdown from 5.1 Welcome to the Five at Five, your late look at the payments and commerce news of the day.

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New York Seeking Tip Option On Uber App

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Tipping a taxi driver is a common occurrence in New York City. As such, the Taxi and Limousine Commission put forth a proposal this week requesting car services to only accept credit cards if there’s a tip option available. Ridesharing credit cards Lyft mobile app New York new york city New York Taxi and Limousine Commission News nyc ride-hailing Rideshare taxi tip tipping Uber What's Hot

Mastercard Introduces True Name Card

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To address a major pain point for the LGBTQIA+ community, Mastercard is introducing the True Name card. The product will allow for chosen names to appear on the front of the card, according to news from Mastercard.

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NYC public transit pilot puts contacless payment adoption on notice

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The long-awaited pilot program to test tap-and-go payments in public transit in New York City is being closely watched to see if U.S. consumers will finally embrace mobile wallet and contactless card use

NYC public transit pilot puts contactless payment adoption on notice

Mobile Payments Today

The long-awaited pilot program to test tap-and-go payments in public transit in New York City is being closely watched to see if U.S. consumers will finally embrace mobile wallet and contactless card use

MasterCard helps fashion make a splash on the payments runway

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The card network hosted a hack event this past weekend at The New School Parsons School of Design in New York City

Chase Card Services President On Why It’s Time For Cards To Tap And Go

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To that end, Chase , the largest card issuer in the U.S., 14) that it’s rolling out tap-to-pay functionality across its Chase Visa card portfolio. Tapping the plastic card is much more familiar than some other form factors.”. How to speed the checkout process?

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Credit Evolution: From Coin To Card And Back Again

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It’s hard to imagine a world without credit cards. And credit card debt reached $870 billion at the end of last year, setting a new record. Believe it or not, the concept of “credit cards” has been around for a long time.

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American Express Acquires Resy, Plans Perks For Card Members

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American Express has completed its acquisition of Resy, a restaurant booking service, and will offer a number of perks to card members, according to a news release. There are a number of upcoming events which begin in August for card members.

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Earl Enterprises Acknowledges Data Breach Of 2M Cards

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Buca di Beppo , the Italian restaurant chain, reportedly knew about a data breach that resulted in two million credit card and debit numbers being stolen since Feb. According to a report in KrebsOnSecurity , the firm contacted the restaurant chain in late February after finding strong evidence of the breach, including evidence that the credit card and debit card numbers were being sold on the dark web.

White-Hat Hacker Swipes 26M Stolen Credit Cards From Dark Web

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Data from more than 26 million credit and debit cards was stolen from BriansClub, an underground marketplace for stolen credit card information, KrebsOnSecurity reported Tuesday (Oct. KrebsOnSecurity was contacted in September by someone who said he had a “full database of cards” that were either currently for sale on BriansClub or had been in the past. According to the leaked data, card information for sale on BriansClub showed a steady increase of inventory.

Mastercard Offers Fare Discounts, Refunds For Contactless Transit Payments

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Mastercard has announced that it will refund cardholders up to $10 off their cab rides, every Tuesday through the end of the year (including New Year’s Eve and Day), in yellow or green taxis equipped with Curb Mobility or CMT technology systems in New York City.

How Prepaid Cards Played A Role In El Chapo’s Global Drug Operation

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Prepaid debit cards are playing an important role. Mexico border (sophisticated tunnels, modified trains and rail spurs, even jalapeño cans designed to fool border inspectors), and whose main distribution points were Lost Angeles, Chicago and New York City.

Iowa State Fair will require vendors to accept both cards and cash

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In the tug-of-war over merchants refusing either cash or cards embroiling local governments in New Jersey, New York City and Philadelphia, the Iowa State Fair is taking the middle ground. Beginning next year, all fair vendors will be required to accept cash, cards and contactless payments through First Data’s Clover devices. Mobile point-of-sale Mobile payments Cash Payment cards Iowa

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American Express To Roll Out Credit Card Made From Recovered Plastics

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The payments company is planning to launch the first Amex card made from plastics recovered from the oceans and coasts. It’s important that we raise awareness and do our part to keep our oceans blue,” said Doug Buckminster, group president of global consumer services, in the press release announcing the new efforts. The card is expected to be publicly available in the next 12 months, American Express said in the press release.

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Top News In Payments: ECB Has Mulled Public Digital Currency; Grab Debuts Numberless Card In Batches

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Also, Grab is introducing Asia’s first numberless card in batches. Grab Launches GrabPay Card. Grab is introducing Asia’s first numberless card in batches, with Singapore rolling out on Thursday (Dec.

Uber Debuts Prepaid Commuter Cards

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cities may get a bit cheaper through the use of prepaid cards, thanks to Uber. Uber said on its website that riders can use commuter prepaid cards to pay for uberPOOL, its carpool ride service. The commuting service now accepts cards including WageWorks’ Commuter Prepaid Mastercard and Visa Prepaid card, along with TransitChek’s QuickPay Prepaid Visa Card. Commuting in some big U.S.

Data Dive, New Rules Edition: Starbucks, San Francisco And Card Interest Rate Caps

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In addition, Microsoft is working with Starbucks on a new blockchain program. The list of locations banning cashless shops in the name of financial inclusion grew this week, with San Francisco joining Philadelphia and New Jersey in barring cashless retailers from the city.

It Takes Two to Tango: The ‘Hidden Gems’ in Banking Technology

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Mexico City is in Mexico. Guatemala City is in Guatemala. Panama City is in Panama…easy. But it can get harder: I had lived in the greater New York City area for. Banking Cards Commerce Fintech Innovation Insights Interviews Payments insights US

Ivalua Launches Gov’t Procurement Tools Amid NYC Debacle

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Enterprise spend management company Ivalua is launching its solution designed for the public sector as criticism mounts over the firm’s contract with New York City.

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On Track With Contactless Mass Transit Payments

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May 31 marks the launch of a contactless payments pilot with a joint effort between the Metropolitan Transportation Authority (MTA) in New York City and Chase. In terms of contactless options, commuters can use Visa contactless cards , mobile devices or wearables.

Mastercard NYC MTA Commuters Can Get Refunded Fares, Rewards  

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Card users who tap to pay, whether in the subway or at a merchant that accepts that type of payment, will also be eligible for Priceless Surprises rewards, which give access to special sports, entertainment and culinary events in the city.

Mastercard Enables Contactless Payments At TriMet

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Commuters in Portland, Oregon and Vancouver, Washington can now add a digital Hop Fastpass card to their iPhone or Apple Watch, thanks to an alliance between Mastercard and Apple.

The Public Sector Takes The Lead On eProcurement

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Government procurement moved to the spotlight last week when New York City Comptroller Scott Stringer announced he is closely monitoring the state’s eProcurement project following reports of surging costs.

Visa: US Starting To Close The Contactless Gap

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Globally, tapping to pay with contactless cards has taken off remarkably, and the U.S., after years of lagging behind, is starting to catch up, according to a new blog post from Visa. “We’re nearly half of all Visa transactions at physical points of sale happen via contactless card tap.

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Amazon Launches First Pop-Up Store In Spain

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In September, the eCommerce giant opened Amazon 4-star in New York City where every product is rated 4 stars and above, is a top seller or is new and trending on Amazon’s website. “We The company added that the average rating of all the products in the new store is 4.4

New York Commuters Can Use Apple Pay On Subways, Select Buses

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Apple Pay is coming to New York City thanks to a partnership with the Metropolitan Transportation Authority or MTA. According to TheVerge, the rollout of Apple Pay is part of the MTA’s One Metro New York initiative in which it’s testing new payment methods for fares. The Verge , citing Apple Pay, reported that on May 31st, people can use Apple Pay for public transportation in the sprawling metropolis.

Philadelphia Passes Ban On Cashless Stores To Fight Income Discrimination

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Lawmakers in Philadelphia have passed a ban on cashless stores, making it the first major city in the U.S. The new law will take effect in July and would require most retail outlets to accept physical currency.

Mastercard Pushes Multiple Cashless Solutions For Transit Payments

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cities in the next few years, the company said on Friday (March 22). In 2019, Mastercard plans to bring “tap-and-go” payments to New York City buses and subway systems. “At Mastercard plans to bring cashless transit solutions to more than 20 U.S.

Why Pride Vendors Are Forgoing Cash For mPOS

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June brings colorful, high-energy LGBTQ Pride Month celebrations to cities across the nation. This year’s parades and festivals carry special significance as they mark the 50th anniversary of New York City’s Stonewall Riots.

Uber Eyes Retail Delivery

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Khosrowshahi was speaking at a meeting at the Economic Club of New York, and he talked about his tenure at the head of Uber, a position he took in 2017. Riders who use a business profile in the Uber app and pay with their corporate Amex card will earn 2 to 6 points per dollar.

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Mastercard’s Kirkpatrick: Transit Is The Ticket To Everyday Spend

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The current best-in-class method of payment for a ride on a subway in any American city works just fine – until it doesn’t. As of last week, the card network announced it will be bringing contactless payments to transit turnstiles in more than 20 U.S. cities in the next few years.