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Philadelphia Passes Ban On Cashless Stores To Fight Income Discrimination

PYMNTS

Lawmakers in Philadelphia have passed a ban on cashless stores, making it the first major city in the U.S. The move could affect innovation for companies like Amazon and its cashless “Go” stores, which link to an Amazon account through a mobile device and automatically charges for purchases.

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Philadelphia Mall Owner Takes Care Of Its Own

PYMNTS

The entire process, cradle to grave, has failed to evolve and innovate with the customer in mind.”. But apparently they’re doing something right in Philadelphia. “It was an amalgamation of numerous challenges, either ignored or wrongly addressed, that has led to the question of relevance plaguing the industry today.

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5 takeaways from Michael Barr’s views on CBDCs, stablecoins and more

Payments Dive

The Federal Reserve’s vice chair for supervision spoke about “responsible innovation” Friday at a Philadelphia Fed fintech conference.

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How TD Merged an Innovation Lab with a Retail Branch to Drive Customer Insight

The Financial Brand

This article How TD Merged an Innovation Lab with a Retail Branch to Drive Customer Insight appeared first on The Financial Brand. An innovation lab in Philadelphia wrapped in an urban retail bank branch has produced valuable synergies for TD Bank.

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New Jersey Outlaws Cashless Businesses

PYMNTS

Philadelphia recently became the first major city to pass a ban on cashless shops; New York, San Francisco, Chicago and Washington are reportedly considering passing similar legislation. The Philadelphia law takes effect in July and will also require most retail outlets to accept physical currency.

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Philly Mall Owner Sets The Tone For Digital 3.0

PYMNTS

A Philadelphia-based mall owner is taking a proactive approach to the digital shift and back-to-school shopping. PREIT (Philadelphia Real Estate Investment Trust) is curating its first eCommerce offering in what it says is a unique avenue to engage consumers from a multi-retail perspective. Coradino , CEO of PREIT.

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Data Dive, Forward Backward Edition: The Cashless Tango And Amazon’s Opposite Moves

PYMNTS

While it is easy to imagine the path of progress is ever forward, often in the innovation game it is a bit more like the Paula Abdul hit song from the late ’80s — two steps forward, one step back. The city of Philadelphia certainly worried it is …. The Philadelphia measure does have some exceptions.