INDUSTRY INSIGHTS YOUR PEERS ARE READING
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 MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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 MORE
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. MORE
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. MORE
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 MORE
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 MORE
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 MORE
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. MORE
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. MORE
s Jet.com unit is getting into the same-day grocery delivery market, gearing up to offer the service in New York City. Bloomberg , citing a statement the company made via email, reported that Jet plans on opening up a fulfillment center in the Bronx in the fall that will enable same-day and next-day delivery of groceries in New York City. Jet told Bloomberg the new fulfillment center will result in the creation of hundreds of new jobs. MORE
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 MORE
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. MORE
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. MORE
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 MORE
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. MORE
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. MORE
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. MORE
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 MORE
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." MORE
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. MORE
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. MORE
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. MORE
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. MORE
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 MORE
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. MORE
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. MORE
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 MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
Representatives of minority- and women-owned small banks from around the country met to discuss how to expand business opportunities. MORE
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. MORE
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 MORE
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 MORE
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 MORE
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. MORE
New York City Related Topics PYMNTS
SEPTEMBER 27, 2019
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.
PYMNTS
APRIL 2, 2019
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
PYMNTS
FEBRUARY 8, 2019
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.
PYMNTS
MARCH 17, 2017
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.
Money Crashers
OCTOBER 21, 2019
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.
Insights on Business
MARCH 27, 2019
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
BankThink
MAY 29, 2019
Representatives of minority- and women-owned small banks from around the country met to discuss how to expand business opportunities.
PYMNTS
AUGUST 14, 2018
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.
PYMNTS
OCTOBER 1, 2019
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.
PYMNTS
OCTOBER 14, 2019
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
PYMNTS
SEPTEMBER 16, 2019
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
PYMNTS
OCTOBER 22, 2019
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.
PYMNTS
OCTOBER 9, 2019
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
Fintech Labs Insights
JUNE 28, 2016
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.
PYMNTS
MAY 31, 2019
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.
PYMNTS
JUNE 10, 2019
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.
PYMNTS
JUNE 11, 2019
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
PYMNTS
MAY 19, 2019
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.
PYMNTS
JULY 24, 2019
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.
PYMNTS
MAY 22, 2019
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.
PYMNTS
SEPTEMBER 16, 2019
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.
PYMNTS
SEPTEMBER 23, 2019
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.
PYMNTS
OCTOBER 9, 2019
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
PYMNTS
OCTOBER 21, 2019
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
Keith Leggett's Credit Union Watch
SEPTEMBER 10, 2019
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.
PYMNTS
JUNE 7, 2019
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
PYMNTS
AUGUST 25, 2019
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.
PYMNTS
SEPTEMBER 16, 2019
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.
PYMNTS
NOVEMBER 13, 2018
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.
Let's Talk Payments
MARCH 25, 2016
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
PYMNTS
JUNE 17, 2019
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
Money Crashers
JANUARY 25, 2016
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.
Keith Leggett's Credit Union Watch
JULY 25, 2017
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.
PYMNTS
DECEMBER 5, 2018
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.
Keith Leggett's Credit Union Watch
MAY 21, 2019
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.
CB Insights
JULY 5, 2016
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.
PYMNTS
MAY 16, 2019
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
Keith Leggett's Credit Union Watch
APRIL 23, 2018
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."
PYMNTS
AUGUST 8, 2018
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.
Bank Innovation
DECEMBER 15, 2017
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.
PYMNTS
NOVEMBER 14, 2018
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.
PYMNTS
OCTOBER 10, 2018
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.
Keith Leggett's Credit Union Watch
JULY 4, 2017
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
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