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

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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.

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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.

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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

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PYMNTS

JULY 11, 2018

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.

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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.

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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.

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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.

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NetBanker

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.

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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.

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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.

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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."

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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.

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PYMNTS

FEBRUARY 16, 2019

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.

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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.

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PYMNTS

FEBRUARY 15, 2019

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.

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PYMNTS

DECEMBER 3, 2018

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.

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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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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

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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.

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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.

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PYMNTS

AUGUST 2, 2018

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.

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PYMNTS

DECEMBER 4, 2018

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.

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Keith Leggett's Credit Union Watch

SEPTEMBER 8, 2017

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.

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PYMNTS

AUGUST 16, 2017

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.

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PYMNTS

AUGUST 7, 2018

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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PYMNTS

AUGUST 7, 2018

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

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PYMNTS

JULY 12, 2018

” 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

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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.

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PYMNTS

NOVEMBER 2, 2017

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.

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The Paypers

DECEMBER 20, 2016

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

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PYMNTS

MAY 25, 2017

Amazon.com , the eCommerce giant, will open its first bookstore in New York City Thursday (May 25), marking the seventh physical store for the company. The Columbus Circle store in New York City is the first of three retail locations Amazon plans to open in the New York City market. Amazon Amazon Bookstore new york city News nyc physical bookstore Retail What's Hot

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PYMNTS

AUGUST 8, 2018

Coverage includes New York lawmakers seeking to put a cap on ridesharing services, states working to embrace blockchain , Hawaii saving money by converting some functions to digital, new data from the Federal Reserve and Starbucks clearing up the confusion over cryptocurrency. City Council Weighs In On Ridesharing Debate With Cap. The new figures show a slowdown from 5.1 Welcome to the Five at Five, your late look at the payments and commerce news of the day.

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PYMNTS

OCTOBER 3, 2017

According to a news report from CBNC, Walmart is pushing full-speed-ahead with its same-day delivery plans in New York City, and has acquired local startup and delivery tracking app Parcel to make the behind-the-scene logistics work properly. The Brooklyn-based firm specializes in handling scheduled and same-day deliveries in New York for retailers like Bonobos, as well as meal kit companies like Chef’d and Martha Stewart’s Martha & Marley Spoon.

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PYMNTS

NOVEMBER 15, 2016

New York City has a new fighting chance against the proliferation of cyber fraud in the form of a state-of-the-art, $10 million digital crime laboratory. The New York district attorney’s office estimates that over a quarter of its cases annual involve digital evidence — and the trend is growing. New York’s lab is mostly equipped to process evidence from mobile data. With each new update companies roll out, phones get even tougher to crack.

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New York Fraud New York City Data 141

PYMNTS

APRIL 5, 2017

Given Ralph Lauren’s staunch attitude towards the traditional aesthetic of his brand, this new approach may have been too much of a push. On Tuesday, Ralph Lauren announced its decision to close its 5th Avenue flagship store in New York City. Many retailers on the famous luxurious city street have had to make adjustments due to a decrease foot traffic, online discounts and higher rent prices.

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PYMNTS

NOVEMBER 20, 2017

Retailer Macy’s is looking to have a more structured Christmas this year, with reservations to see Santa Claus this holiday season being required for the first time ever at its flagship 34th Street store in New York City, New York. According to Macy’s, the goal of the new appointment system is to make the holiday queue line shorter and the wait times more manageable for all.

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PYMNTS

JULY 27, 2018

As of this fall, Five Below is coming to New York ‘s Fifth Avenue, arguably the most expensive street in America. are just some of the tony new stores that Five Below will share the street with, and the move has left many market watchers scratching their heads. According to Anderson, the opportunity was just too good to pass up, as rent prices in New York are, for the first time in a long time, starting to show some signs of cooling off.

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Payments Source

APRIL 5, 2017

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.,

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PYMNTS

JANUARY 4, 2017

would be adequate to cover as much as 98 percent of the riding demand that exists city-wide. Contrast that 3,000-car fleet with the 13,600 taxis and 45,000 drivers tied to Lyft, Uber and other ride-hailing services that currently putter about the city, and it seems glut may be a good word to use. Does the study give a quantitative/qualitative push to ridesharing as a business model for transportation around the city?

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New York City Apple Study New York 136

PYMNTS

APRIL 20, 2017

Renting out retail spaces in large cities for a short period of time can be tough to accomplish and expensive. It’s an online marketplace that specializes in short-term retail rental space and has just recently launched in the United States in New York City. ” Retail Appear Here Etsy lease long-term manhattan Marketplace new york city Rent short-term soho west village

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PYMNTS

MAY 22, 2017

A new study has found that retail global expansion has lost some steam, and while the United States remains the most active, Europe is now the preferred spot for expanding retailers, according to Chain Store Age. s 10th annual study of international retail expansion surveyed 166 cities across 51 countries on how many international retailers had debuted in their markets last year. Of all expansion at city level, 21 percent was by U.S.

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PYMNTS

APRIL 18, 2017

Tipping a taxi driver is a common occurrence in New York City. New York City’s Taxi Commissioner, Meera Joshi, commented on how this new proposal would impact the ridesharing industry in the area: “This rule proposal will be an important first step to improve earning potential in the for-hire vehicle industry, but it is just one piece of a more comprehensive effort to improve the economic well-being of drivers.”.

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