Retail Vacancies Spike In New York City

PYMNTS

As New York City ’s vacancy rate has skyrocketed by nearly 50 percent, a report released by City Comptroller Scott Stringer showed that the amount of empty retail space in the city has doubled in the last 10 years or so.

New York City Mulls Fur Sales Ban

PYMNTS

Following the lead of other municipalities, New York City could be going fur-free with a proposed law on the horizon. Council Speaker Corey Johnson recently introduced a bill to ban companies from selling fur apparel in the city, which comes after similar efforts in cities such as West Hollywood, Calif., Two other cities in California — San Francisco and Berkeley — have also passed similar laws. Retail fashion Fur new york city News regulation What's Ho

Amazon Rethinks New York City HQ2 Campus

PYMNTS

After facing resistance from politicians and protestors, Amazon is reportedly rethinking its planned New York City campus. While Virginia officials provided the company with an incentive package, the state of New York is not projected to provide final approval for another year.

Tech Center: New York City Takes on Tech Full Force

PYMNTS

For years, New York City has been at the epicenter of United States’ culture with the fashion and entertainment industries leading the way. With the top modeling agencies, MTV and the home of American broadway plays, there’s no denying New York City is bustling with creativity. With a big focus on technology in Silicon Valley and Boston, New York City slowly made its way to becoming a powerhouse tech player.

Minimum Income You Need to Rent an Apartment in New York City Neighborhoods

Money Crashers

Rent in New York City is notoriously expensive. Those rent-controlled apartments on “Friends” and “Sex and the City” weren’t remotely realistic in terms of what the average 20- or 30-something can afford.

IBM hosting two day Sales Performance Management Summit in New York City

Insights on Business

IBM is excited to be hosting the 2019 Sales Performance Management Summit, being held in New York City for sales executives and compensation leaders. Featured Carousel Featured Homepage Sales Performance Management events ICM Incentive Compensation Management New York NYC

MWBE banks team up with NYC comptroller to win more business

BankThink

Representatives of minority- and women-owned small banks from around the country met to discuss how to expand business opportunities.

Sleep Number Unveils New Interactive Store In New York City

PYMNTS

Sleep Number is opening a new brick-and-mortar store in the New York City’s Flatiron District, adding to its portfolio of over 560 locations. Our new Sleep Number store in the Flatiron District demonstrates the transformative impact of our smart beds on individual comfort, restfulness and well-being.”. With the store experience, shoppers can see a digital map that shows how people in neighborhoods across the city are sleeping.

Grubhub Fees Eating Into Restaurant Profits, NYC Councilman Says

PYMNTS

New York City Council Member Mark Gjonaj says the food delivery app Grubhub is hurting restaurant profits by charging fees that are too high, The New York Times reported on Monday (Sept. A federal investigation is being launched in New York by Sen.

Lyft Follows Uber With NYC Lawsuit Over Cruising Time Cap

PYMNTS

Lyft has filed a lawsuit against New York City over a mandate limiting the time its drivers are allowed to spend cruising in Manhattan without passengers, Cnet reported on Friday (Oct. Ridesharing Lawsuit Lyft new york city News Taxi and Limousine Commission Uber What's Hot

NYC Summit To Tackle Lack Of Influencer Regulation

PYMNTS

The first Influencer Fraudnomics Summit in New York City on Tuesday (Sept. Like with all new innovations, there are going to be some hitches to it,” Cavazos said. eCommerce fraud Influencer Fraudnomics Summit influencer marketing new york city News social media What's Ho

Lyft Stock Pops On News Of Faster Path To Profitability

PYMNTS

Earlier this month, Lyft filed a lawsuit against New York City over a mandate limiting the time its drivers are allowed to spend cruising in Manhattan without passengers, CNET reported, following a similar lawsuit by rival Uber last month.

NYC Lawsuit Targets Online eCigarette Companies

PYMNTS

More than 20 online eCigarette retailers are being sued by New York City for allegedly selling to children. New York City requested that a Brooklyn federal judge on Wednesday (Oct. Legal eCigarettes JUUL Lawsuit new york city News vaping What's Hot

IBM Opens Bluemix Garage in New York City

Fintech Labs Insights

In opening its latest Bluemix Garage in New York City , IBM continues to put its money where the developers, software designers and others are. IBM is partnering with Galvanize, who will host the New York garage on its new New York campus.

Despite Caps On Ridesharing In NYC, Uber And Lyft Have Biggest Month Ever

PYMNTS

New York City has been trying to reduce traffic congestion by limiting new licenses to ridesharing drivers and making passengers pay an additional congestion fee. The city rejected the offer immediately.

Airbnb Is Cooperating With A Subpoena From NYC

PYMNTS

Airbnb is reportedly complying with a New York City subpoena that wants information about some of its listings, according to reports. According to the agreement, the city is permitted to follow up by submitting another request for de-anonymized data.

Second Amazon Go Store Comes To NYC

PYMNTS

comes after the online retailer opened one of the concept locations in New York City in a mall, CNBC reported. New York really fits … what we’re looking for,” said Amazon Vice President of Physical Stores Cameron Janes. “It’s

Taxi Drivers Driven To Bankruptcy Over Medallion Loans

PYMNTS

The New York City taxicab industry has been suffering, with a series of suicides plaguing taxi drivers over the past year as they struggle with debt and financial strife.

Payroll Startup Gusto Plans NYC Expansion With $200M Series D

PYMNTS

Reeves said he plans to pursue new products beyond payroll and HR as the company grows, adding FinTech features like its Flexible Pay, which allows wage advances for employees. The company also has New York City expansion plans for its R&D team, the article said.

Visa Uses NYC Mass Transit To Ignite Contactless Payments

PYMNTS

specifically, the use of such payments for mass transit in New York City. This is really going to change New Yorkers’ daily lives,” Sanford said. Over time, all New York City subway lines and bus routes will accept contactless payments, Visa said.

Uber Dials Back Drivers’ Hours In NY

PYMNTS

17), per new regulations in New York City , according to a report by Reuters. The new regulations are meant to boost driver pay and help to lessen congestion in the city. Lyft recently took similar action due to city regulations.

When DTC Experiential Retail Goes To The Theater

PYMNTS

When SHOWFIELDS opened up in New York City a little under a year ago, just in time for the 2018 holiday season, it advertised its experiential retail concept as “the most interesting store in the world.” She tells me she’s been working on a new formula.

NY Lawsuit Claims Online Retailers Selling e-Cigs To Underage Buyers

PYMNTS

More than 20 online eCigarette retailers are being sued by New York City for allegedly selling to children. New York City requested that a Brooklyn federal judge on Wednesday (Oct. Legal eCigarettes JUUL Lawsuit new york city News vaping What's Hot

New Nordstrom Location To Deliver Food And Drink To Shoppers

PYMNTS

Bloomberg is reporting that the new store will have a bevy of innovative options intended to entice customers into spending more time shopping. Retail brick and mortar Department Stores food and beverage new york city News Nordstrom What's Hot

Federal Prosecutors Open Probe into New York City Taxi Medallion Lending

Keith Leggett's Credit Union Watch

The New York Times is reporting that the United States Attorney’s Office for the Southern District of New York has opened an investigation into possible lending fraud in the New York City taxi industry. Federal agents have started to interview cabdrivers, who took on massive amounts of debt to purchase taxi medallions and were not fluent in English. The investigation appears to be focused on possible crimes including bank, wire or mail fraud.

NYC Scrutinizes eProcurement Deal With Ivalua

PYMNTS

New York City Comptroller Scott Stringer is scrutinizing the city’s $47 million contract with Ivalua to develop an eProcurement system after a previous report uncovered surging costs and delays in the initiative. New York City has so far spent $27.5

Hudson Yards To Open 100+ Retail Shops

PYMNTS

Hudson Yards is a New York City neighborhood that’s quickly establishing itself as a must-visit destination as Manhattan’s retail influence heads west, bringing with it a technological edge, Forbes reported Sunday (Aug.

Retail 180

Google To Debut Pixel 4 Phone At Oct. Launch Event

PYMNTS

15 in New York City , where it’s expected to debut the Pixel 4 phone. According to CNBC , the invite says the tech giant will unveil a “few new things” at the event. In March, Google also released its new voice recognition app for the Pixel, which works entirely offline.

Google 163

Amazon Picks Two HQ2s

PYMNTS

Amazon is expected to announce later Tuesday (November 13) that it chose New York City and Northern Virginia as the homes for its second and third headquarters, reported the Wall Street Journal. Both are located directly across from city centers.

12 Hottest Cybersecurity Companies in New York City

Let's Talk Payments

Booz Allen provides professional services primarily to US government agencies in the defense, security, and civil sectors, as well as to corporations, institutions, and not-for-profit organizations. The company provides a. Cybersecurity Data Analysis Fraud / Risk Insights insights US

Dunkin’ Delivery Boosts Grubhub Shares

PYMNTS

More than 400 Dunkin’ restaurants throughout New York City’s five boroughs are now offering delivery through Seamless, Grubhub’s New York brand. ” Markets delivery Dunkin grubhub new york city News What's Hot

Minimum Income to Rent a 1-Bedroom Apartment in New York City Neighborhoods

Money Crashers

Rent in New York City is famously expensive. We’ve all heard that those rent-controlled apartments on “Friends” and “Sex and the City” were not remotely realistic in terms of what the average 20- or 30-something could reasonably afford.

New York City Taxi Medallions Valued at $358,000

Keith Leggett's Credit Union Watch

Signature Bank in its earnings press release provided a new data point on the value of New York City taxi medallions. According to its second quarter earnings release and conference call transcript, Signature Bank either reserved for or wrote down each New York City taxi medallion loan by approximately $168,000 to a value of $358,000. This would suggest New York City taxi medallion loans held by credit unions are likely to be written down further.

How Might NYC’s New Ride-Hailing Minimum Wage Change Things?

PYMNTS

The new year will bring a minimum wage for Uber and Lyft drivers in New York City — that much is clear, even if the new rules on payments are a bit complicated. 4), New York City’s Taxi and Limousine Commission voted to set a minimum wage for ride-sharing drivers.

Investigative Story Looks at the Rise and Fall of the New York City Taxi Medallions

Keith Leggett's Credit Union Watch

A two-part story in the New York Times (subscription required) investigated the role of lenders, regulators, and city officials in the rise and collapse in taxi medallion values in New York City. Over 10 months, the New York Times spoke to 450 people, built a database on every medallion sales, and reviewed thousands of loans and other documents, The articles cited risky lending practices at banks and credit unions, which devastated taxi drivers.

In New York City, Big Business And Startups Are Not At Odds

CB Insights

The following is a post written by Maria Gotsch, president and CEO of the Partnership Fund for New York City (@Partnership4NYC), a speaker at the CB Insights Future of Fintech conference in New York.

Empire Outlets Launches In NYC

PYMNTS

New York City’s first outlet center is opening this week. We’re very, very New York-centric, from our public spaces to our design.”. Retail BFC Partners Empire Outlets new york city News What's Hot

New York City Taxi Medallions Valued at $160,000

Keith Leggett's Credit Union Watch

Signature Bank of New York announced on April 18 that it has valued each of its New York City taxi medallion loan or asset at approximately $160,000 at the end of the first quarter. Below is comments from Joseph DPaolo, President and CEO of Signature Bank of New York, from the conference call. As such, we further wrote down the value of our New York medallion loans to 160,000 each and our Chicago portfolio to 27,000."

Uber And The Cap Conundrum

PYMNTS

New York City. News from the last several weeks, and recently from The New York Times , reports that city officials are inching toward a cap for Uber drivers — and not the ones worn atop heads. There’s a formal proposal coming by way of City Council Speaker Corey Johnson, which would move to stanch new licenses issued for vehicles to work on a for-hire basis. If you can make it there, you’ll make it anywhere.

Silicon Valley’s Lead in Innovation Centers is Shrinking

Bank Innovation

A new report shows that despite many companies struggling to maintain a culture of innovation, financial services companies are among the top three industries getting it right. DataBank Innovations Online Open Fintech Payments Startups fintechs innovation labs New York City TexasIf it feels like innovation has been one of the hot themes of 2017 in the financial world, it’s because its true.

What’s Next For Real Estate In Amazon’s HQ2 Cities?

PYMNTS

13) on its new headquarters. The Seattle-based eCommerce operator and cloud computing provider decided to build in both Crystal City, an urban area in North Virginia near Washington, D.C., and in Long Island City, a neighborhood in Queens, New York City.

BuzzFeed To Launch Unique Toy Store In NYC This Fall

PYMNTS

BuzzFeed is planning to open a toy store in New York City later this fall. New York Post reported that the store, called “Camp,” will be located in an 11,000-square-foot space in Manhattan’s Flatiron District.

New York City Taxi Medallion Prices in June Show Further Signs of Distress

Keith Leggett's Credit Union Watch

New York City taxi medallion prices continue to fall in June. The nine medallion asset sales ranged in price from $150,000 to $475,000. Six medallions sold for $230,000 or less. This would suggest more pain for credit union taxi medallion loan portfolios. Taxi Medallions