New York City Council Bans Cashless Food And Retail Stores

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The New York City Council on Thursday (Jan. Applebaum added that communities of color in New York City are more than twice as likely to lack access to a bank and are less likely to host a branch of a bank than the national average.

Retail Vacancies Spike In New York City

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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.

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New York City Restaurants Could Reopen In July

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Dining out in New York City could soon be a reality again. More than two months after New York City was locked down to prevent the spread of COVID-19, Mayor Bill de Blasio said his goal is to reopen eateries in July, Bloomberg reported. “We’ll

Amazon Rethinks New York City HQ2 Campus

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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.

New York City Mulls Fur Sales Ban

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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

New York City Sees Lower Rents Due To Pandemic

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The New York City real estate market, battered like other economic sectors by the coronavirus pandemic, is seeing lower rates than it has in almost a decade. Real Estate Coronavirus economy new york city News real estate Retail What's Hot

Starbucks To Open Pickup Location In New York City

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As the company modernizes and reimagines the customer experience in stores located in high-traffic metropolitan areas, Starbucks plans to open a Starbucks Pickup store in New York City on Tuesday (Nov.

Tech Center: New York City Takes on Tech Full Force

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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.

Walmart’s Jet to cease its New York City fresh grocery business

Payments Source

s Jet subsidiary is ending its fresh-food delivery business just a year after introducing the service in New York City, another sign that the urban-focused site is scaling back. Walmart Inc.’s

In New York City, paper receipts set to go the way of foie gras

Payments Source

Those yard-long paper receipts that spew from cash registers may be following plastic bags and foie gras into the dustbin of New York City history. Point-of-sale Retailers Compliance New York

New York City amends debt collection regulations to include language proficiency requirements

CFPB Monitor

New debt collection rules creating requirements relating to consumers’ language proficiency are set to take effect in New York City on June 27, 2020. Debt Collection Limited English Proficiency Regulatory and Enforcement debt collection language new york

Walmart Bringing Same-Day Delivery To New York City

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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.

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

Organizers planning de novo bank in New York City

American Banker

Capital OCC City of New York, NY De novo institutions Growth strategiesThe group behind NewBank is pursuing a charter with the Office of the Comptroller of the Currency to offer banking services nationwide.

Enforcement grace period expected for amendments to New York City debt collection regulations adding language proficiency requirements

CFPB Monitor

The new requirements currently are set to take effect on June 27, 2020. Accordingly, several of the new requirements appear to have implications for creditors and debt collectors alike with respect to any collection activities involving NYC consumers.

Sleep Number Unveils New Interactive Store In New York City

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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.

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

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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.

Partnership Fund For New York City Has Successful Grads From Its FinTech Innovation Lab

Tom Groenfeldt

The Partnership for New York and Accenture have been running a successful FinTech Innovation Lab that brings together skilled startups with banks and now insurance companies

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.

New Manhattan Residential Listings Up, New Leases Plunge In May

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It’s the perfect time to lease a New York City apartment as vacancies rose, causing rental listings to jump, CNBC reported. As signings plummeted, May saw the largest year-over-year increase in new listings since 2016.

Netflix Reboots Iconic NYC Movie Theater For Screenings, Events

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Entertainment streaming giant Netflix has taken over the lease of the iconic New York City movie theater, The Paris, and plans to use it for movie screenings, events and releases, the company said Monday (Nov.

$500M Rescue Plan Considered For Debt-Burdened Taxi Drivers

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A New York City-appointed panel is seeking a $500 million bailout to help taxi drivers trapped in unscrupulous medallion loans, The New York Times reported on Wednesday (Jan. State and city leaders are planning to announce legislation on Friday (Jan.

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.,

NYC OKs Delivery Fee Caps

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The New York City Council doesn’t want to let food delivery apps charge restaurants too much for delivery fees, as it voted to put a cap on the fees. Jersey City and Chicago to provide more transparency in what everyone was paying for these services.

NYC Considers A 15 Pct Cap On Delivery Fees

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The New York City Council plans to impose limits on the fees delivery apps can charge restaurants for delivery, Bloomberg reported. New York’s food ordering ecosystem is a crowded one, with dozens of apps vying for customers’ attention.

Grubhub Fees Eating Into Restaurant Profits, NYC Councilman Says

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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.

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

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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.

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

Neiman Marcus May Shutter Key Manhattan Store

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Neiman Marcus reportedly may vacate its fashionable year-old digs at the Shops at Hudson Yards in New York City, as its landlord is shopping it to potential tenants as office space. Retail Hudson Yards neiman marcus new york city News What's Hot

Hotels, Fashion Owners Considering Repurposing To Help Coronavirus Efforts

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For example, The Wall Street Journal is reporting that New York City is considering turning hotels into temporary hospitals for patients that don’t have COVID-19, the disease caused by the coronavirus, in an effort to have available hospital beds for the afflicted.

Airbnb Is Cooperating With A Subpoena From NYC

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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.

Taxi Drivers Driven To Bankruptcy Over Medallion Loans

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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.

Barclays Report: Despite Weak IPOs, Uber And Lyft Can Be Profitable

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A new report from Barclays Capital about transportation in New York City says Uber and Lyft can achieve profitability in the future despite their poor initial public offering (IPO) showings this year, according to a report by Bloomberg. .

Visa Uses NYC Mass Transit To Ignite Contactless Payments

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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.