New York City Mulls Fur Sales Ban


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


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


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.

MWBE banks team up with NYC comptroller to win more business


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

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

Walmart Bringing Same-Day Delivery To New York City


s 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.

Sleep Number Unveils New Interactive Store In New York City


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.

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


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


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


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


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.

Visa Uses NYC Mass Transit To Ignite Contactless Payments


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.

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.

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.

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.

NYC Scrutinizes eProcurement Deal With Ivalua


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

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."

Dunkin’ Delivery Boosts Grubhub Shares


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

Amazon Picks Two HQ2s


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

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

Empire Outlets Launches In NYC


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

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


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.

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.

Uber And The Cap Conundrum


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.

Ahead of Auction, Minimum Bid for 46 New York City Taxi Medallions Set at $165,000 Each

Keith Leggett's Credit Union Watch

The Wall Street Journal is reporting that trustee liquidating part of New York taxi mogul Evgeny “Gene” Freidman’s holdings has found a bidder offering $165,000 for each of 46 taxi medallions ahead of a planned auction. Even if bids come in higher than the floor of $165,000, this will probably be bad news for credit unions holding New York City taxi medallion loans, as they will see a significant mark down in the collateral backing these loans.

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


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


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.

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).

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.

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. There is no such thing as a boring week in payments, of course.

New York City gets `ParkNYC` parking meter mobile payment app for Android and iPhone

The Paypers

(The Paypers) The all-new `ParkNYC` app for Android and iPhone lets drivers pay to park using their smartphone

Amazon’s NYC HQ2 Prompts Legislative Action


A Senator who represents Long Island City, where Amazon plans to build another headquarters , has drafted legislation that would essentially make it illegal to buy or sell real estate based on non-public government action, according to a report from The Wall Street Journal.

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.

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.,

Rideshare Companies Offer $100M Relief Fund For NYC Taxi Drivers


Documents show that Lyft , Uber and Via have offered to help New York City’s taxi medallion owners through a $100 million relief fund paid over five years. But the money was contingent on New York dropping its proposed regulations that would limit the number of ride-hailing drivers in the city, which could cost the ridesharing companies more than $100 million. The city rejected the offer immediately.

Alipay And Yelp Partner To Give Chinese Travelers Access To Reviews


In a press release, Alipay said that with the beta launch, any of Alipay’s more than 520 million users visiting North American cities, such as New York City, Los Angeles, Las Vegas and San Francisco, can now easily discover, plan, make reservations, share experiences and pay for them via online payments at any local business using Yelp’s content. Additional cities and countries will be added in 2017, Alipay said in the release.

IKEA Unveils Future Manhattan ‘Planning Studio’


To allow shoppers to discover and purchase products for home delivery, IKEA is planning on opening a new store in Manhattan that has a focus on urban living. New York City is the natural choice to open the first city center store — the most vibrant, dynamic city in the US, and the epicenter of retail, business, and culture.”. At the time, it was reported that Amazon had two new furniture brands.

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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NYC To Place One-Year Limit On Uber Licenses


New York’s City Council is set to approve a one-year cap on new licenses for ridesharing vehicles. If passed, New York would be “the first U.S. city to impose such limits and set a floor on compensation for the industry’s workers.” Ridesharing Lyft minimum wage New York City Council News Taxis Uber Via Transportation What's Hot

Casper Gives NYC A Napping Experience


” Well, there’s good news for the truly tired and in need of an invigorating nap in New York City: Casper will sell you a nap – for $25. The concept enables us to pilot new ways of bringing better sleep to more people and to more places — whether that’s here, the workplace, airports or beyond.”. Will the city that never sleeps suddenly take to $25 napping? Retail Casper new york city News What's Hot

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.