New York City moves to ban cashless stores

American Banker

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

Coronavirus Fear Infects NYC Ridesharing


Such is the situation emerging in New York City among taxi and ridesharing drivers — who, in an attempt to avoid the coronavirus, are avoiding Chinese passengers. so far — none of which have been in New York state, let alone New York City.

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Former Visa CEO Scharf named chairman of New York City Ballet

Payments Source

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.,

Visa: US Contactless Payments Primed For A Big 2020


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.

NYC Meters Won’t Take Credit Due To Y2K Bug


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


specifically, the use of such payments for mass transit in New York City. In an new PYMNTS discussion, Dan Sanford, Visa ’s global head of contactless payments, talked with Karen Webster about the May 31 launch of a contactless payments pilot involving the Metropolitan Transportation Authority (MTA) in New York City and Chase. This is really going to change New Yorkers’ daily lives,” Sanford said. The first time is a charm.

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


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.

Delivery Wars, B2B Payments, Cereal Makers Top This Week’s News


General Mills is seeking to gain ground on the revenue side by pricing its new Morning Summit cereal at nearly five times the price of standard entries. The new offering is more nut-based and probiotic.

Amazon HQ2, JPM Coin And The Weird, Wild Week Of Payments’ Left Turns


After heavy speculation that not all was proceeding smoothly in the deal to put one-half of Amazon’s second headquarters in Long Island City, New York, Amazon announced via a blog post that the deal is indeed off. The Crystal City, Virginia HQ2 plans are still underway, as are plans for a new operations hub in Nashville. Yet all of them were devoid of the reality of how consumers want to pay merchants, and the underlying benefit of using payment cards.

The New York Subway’s Better Digital Ticket To Ride


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: Even Financial Gets New Funding Round


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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Mobile Apps Unlock Urban Oases For Rest And Productivity


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). To purchase access to the space, visitors can enter their credit card information into the app to receive a pass with a code, which the host scans at the location.

Five At Five: NYC Votes To Impose Ridesharing Cap


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


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. And so, NYC HQ2 is off – and according to Amazon , they will not be looking to find a replacement site for the location that was once supposed to house 25,000 new employees.

New York Seeking Tip Option On Uber App


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

NYC public transit pilot puts contacless 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

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 Introduces True Name Card


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. In an announcement, the company said, “For many in the LGBTQIA+ community, the name on their credit, debit or prepaid card does not reflect their true identity.

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MasterCard helps fashion make a splash on the payments runway

Mobile Payments Today

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

Weekly Wrap: Varo gets FDIC approval, as Curve prepares for US launch

Bank Innovation

card startup Curve opened a New York City office in advance of its U.S. Welcome to the latest episode of our Weekly Wrap series, for the week ending Friday, Feb. 14, 2020.

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

Payments Source

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


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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Rising Credit Card Use In UK Could Mean The End For ‘Petty Cash’


The increasing number of businesses using cards over cash could prompt some companies in the U.K. Contactless transactions using commercial credit cards surged nearly a fifth higher in 2019 than they had been prior, according to the U.K.

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Earl Enterprises Acknowledges Data Breach Of 2M Cards


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.

Credit Evolution: From Coin To Card And Back Again


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. By the 1940s, banks started rolling out their own cards, issued only to members of the bank and used locally. Within its first year, the company had 10,000 cardholders and was accepted at 28 restaurants and 2 hotels throughout New York City.

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American Express Acquires Resy, Plans Perks For Card Members


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. The credit card company said it wants to expand what Resy already does and develop products that will provide new experiences for customers. . There are a number of upcoming events which begin in August for card members.

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


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.

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


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. As Guzmán prospered, he reportedly bought a “private jet (to) pick up the cash at the border and fly it back to Mexico City, where it would be wheeled in suitcases to be deposited at banks.”

American Express To Roll Out Credit Card Made From Recovered Plastics


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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Uber Debuts Prepaid Commuter Cards


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.

Mastercard Offers Fare Discounts, Refunds For Contactless Transit Payments


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. To know if a card has tap-and-pay capability, consumers can check for a Wi-Fi logo on the front or back of the card.

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


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 Eats Updates Its App To Pay Tab While Dining In


USA Today reported the “Uber Eats Contactless Order Feature” allows users to pay the tab with the app while at a restaurant to eliminate the use of bill holders, credit cards and pens.

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


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. Under the new rules, all physical stores will be required to accept cash as a payment method. “I Reports indicate that New York City is expected to soon follow suit with its own cashless ban.

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

Let's Talk Payments

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