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.

Starbucks To Open Pickup Location In New York City

PYMNTS

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. At the center, teams focused on digital innovation, design and operations with baristas to “create an experience that not only met customer needs but gave store partners the tools they needed to deliver the best customer experience” per the company.

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Hilton Hotel In Times Square To Close

PYMNTS

In a filing with New York’s State Department of Labor Monday (Aug. The iconic hotel on West 42nd Street was shuttered and furloughs began in mid-March as COVID-19 struck the city, The Wall Street Journal (WSJ) reported. The Hilton is not the only New York hotel taking a hit.

NYC To Reopen Indoor Dining As Virus Cases Stay Low

PYMNTS

New York City will reinstate indoor dining as of Sept. The reason for the reopening of indoor dining, Cuomo said, is because compliance with distancing restrictions among New York City restaurants has now exceeded 99 percent.

Hilton Times Square Closure Bruises NYC Tourism Rebound

PYMNTS

It sounds so nice they had to name it twice: New York, New York. These days, however, America’s biggest and arguably most vibrant city — a tourist magnet and concomitant revenue engine unmatched on the continent — is facing a long road to recovery.

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

PYMNTS

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. .

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. Operating hours are between 6 a.m. New York really fits … what we’re looking for,” said Amazon Vice President of Physical Stores Cameron Janes. “It’s The news comes shortly after the Amazon Go concept first came to New York City. Retail amazon go brick and mortar cashierless stores new york city News What's Hot

Visa Uses NYC Mass Transit To Ignite Contactless Payments

PYMNTS

specifically, the use of such payments for mass transit in New York City. In an new PYMNTS discussion, Dan Sanford, Visa ’s global head of contactless payments, talked with Karen Webster about the May 31 launch of a contactless payments pilot involving the Metropolitan Transportation Authority (MTA) in New York City and Chase. This is really going to change New Yorkers’ daily lives,” Sanford said. The first time is a charm.

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.

Neiman Marcus May Shutter Key Manhattan Store

PYMNTS

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. Related Companies and Oxford Properties, developers of the upscale megamall on Manhattan’s West Side, are said to be marketing other retail space in the mall as well, according to the New York Post. Retail Hudson Yards neiman marcus new york city News What's Hot

Citigroup Ponders Suburban Satellite Offices 

PYMNTS

The country’s third-largest bank is said to be looking into leasing furnished office space on a short-term basis, possibly in New Jersey, Long Island or Westchester County. . Brandon Huffman, a principal at Rubenstein Partners, said there have been inquiries on “several hundred thousand square feet” of office space for companies headquartered in New York. Goldman went to Salt Lake City, Utah in 2000, and Deutsche Bank opened offices in Jacksonville, Florida.

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. Vincent Rossetti, vice president of restaurant operations, said he understands that having food and drinks around high-ticket items could potentially prove costly. Retail brick and mortar Department Stores food and beverage new york city News Nordstrom What's HotNordstrom NYC, which is scheduled to open on Oct.

The Walmart Amazon Whole Paycheck Tracker: The Delivery Edition 

PYMNTS

Which makes it no surprise that so much of the news out of the race for the consumer’s whole paycheck this week was shipping-centric — and delivery times are about to take on a whole new meaning this week. And New York City still retains that attraction.”.

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.

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.

Delivery Wars, B2B Payments, Cereal Makers Top This Week’s News

PYMNTS

General Mills is seeking to gain ground on the revenue side by pricing its new Morning Summit cereal at nearly five times the price of standard entries. The new offering is more nut-based and probiotic.

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. The New York City’s Taxi and Limousine Commission (TLC) implemented new laws against rideshare companies that operate in the city.

Retailers Woo Homebound Consumers With Big Deals

PYMNTS

As the fast-spreading coronavirus changes daily life and affects every industry sector, businesses are finding new ways to stay afloat and keep customers fed and entertained. On another note, the New York City restaurant industry is taking a big hit as take-out and delivery replace seating and bars, leading to mass layoffs of servers, bartenders and related personnel, according to a CNBC report.

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. The service allows New Yorkers to order their favorite Dunkin’ items via the Seamless or Grubhub mobile app or website. And starting on Monday, June 24 and running through Sunday, June 30, Seamless and Grubhub will offer New Yorkers free delivery on their Dunkin’ orders.

Gett Shutters Juno In New York, Partners With Lyft

PYMNTS

Ridesharing company Gett, which operates under the name Juno in New York City, is shuttering its operations there and entering into a partnership with Lyft to take on its accounts, according to a report by TechCrunch. The company said that it was leaving New York because of the “enactment of misguided regulations in New York City earlier this year.”. Ridesharing Gett ipo Juno Lyft new york city News What's Hot

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. Back in July, Google announced in a video tweet that the Pixel 4 smartphone doesn’t need hands to operate it. Instead, people can use their faces to unlock the phone and hand gestures for other commands through the use of a new technology called Soli.

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Gett Closes Down NY Ridesharing Brand Juno; Partners With Lyft

PYMNTS

Ridesharing company Gett, which operates under the name Juno in New York City, is shuttering its operations there and entering into a partnership with Lyft to take on its accounts, according to a report by TechCrunch. The company said that it was leaving New York because of the “enactment of misguided regulations in New York City earlier this year.”. Ridesharing Gett ipo Juno Lyft new york city News What's Hot

The New York Subway’s Better Digital Ticket To Ride

PYMNTS

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.

Amazon HQ2, JPM Coin And The Weird, Wild Week Of Payments’ Left Turns

PYMNTS

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. The Crystal City, Virginia HQ2 plans are still underway, as are plans for a new operations hub in Nashville. smartphone market and can be counted on to use that leverage to promote the new service.

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. The New York City location will be IBM’s sixth, with garages currently in operation in San Francisco, Toronto, London, Nice, and Tokyo. IBM is partnering with Galvanize, who will host the New York garage on its new New York campus.

While Global Retail Expansion Cools, U.S. Remains Leader Of The Pack

PYMNTS

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.

Kroger Acquires NYC’s Murray’s Cheese

PYMNTS

recently announced its acquisition of iconic New York City–based cheese shop Murray’s Cheese. Kroger and Murray’s Cheese have yet to disclose the financial terms of the deal, though The Wall Street Journal noted that city records show that Kroger dropped $20.6 million last month to purchase the retail condo housing the cheese shop’s flagship store, along with affiliated classrooms, catering and event operations. National supermarket giant Kroger Co.

Startup Maple Being Sold To UK’s Deliveroo

PYMNTS

Maple, the food delivery company in New York, has shuttered its doors as of Monday (May 8). The report noted that some of the New York team members of Maple will join Deliveroo in the U.K. According to the report, when Maple began operations, it pioneered a new business model because the company operated out of a commissary kitchen and created delivery kitchen hubs, which resulted in shorter wait times.

The Case for CSR

Banking 2020

In 2012, the city of New York passed legislation known as the Responsible Banking Act. There was plenty of complexity, but at its heart the law set up a local board to review segments of the banking industry every two years, specifically to evaluate how financial services institutions with more than $6 billion in city deposits are doing their part to help less fortunate communities. Featured CSR New York City Responsible Banking Act

Top 5 Emerging Fintech Hubs in The U.S.

Bank Innovation

Silicon Valley, New York City, and Boston all have thriving fintech communities, and are definitely worth a trip for the invested fintech entrepreneur, but the U.S. These cities boast strong tech communities, talent pools, good coffee, and cheaper rents. Cities in Georgia, Texas, Florida, and […].

Dime, Bridge Bancorp to combine in $489 million merger

American Banker

The transaction will create an $11 billion-asset banking company with operations in a number of markets around New York City. New York Community banking M&A Growth strategies

Even Financial Scaling Up to Power API-Based Customer Acquisition

Bank Innovation

By the time the API-powered recommendation platform company Even Financial announced this month that JPMorgan Chase executive Nadine Murray joined the team as senior vice president of strategy, it merely capped off a year of big moves for the New York City-based fintech. Artificial Intelligence Daily Post 2 Exclusive Mobile Online Operations Premium Startups Amazon APIs Birch Finance Even Financial Google JPMorgan Chase tech talent

How Prepaid Cards Played A Role In El Chapo’s Global Drug Operation

PYMNTS

Mexico border (sophisticated tunnels, modified trains and rail spurs, even jalapeño cans designed to fool border inspectors), and whose main distribution points were Lost Angeles, Chicago and New York City. As Guzmán prospered, he reportedly bought a “private jet (to) pick up the cash at the border and fly it back to Mexico City, where it would be wheeled in suitcases to be deposited at banks.”

Amazon, Google’s Expansion In NYC To Spark Talent War

PYMNTS

A talent war in New York is heating up with Amazon opening up its second headquarters in the city and Google expanding its presence. Headhunters report that while the direct impact from Amazon and Google remains to be seen, it is good news for the job market in New York City. Kolko noted New York City is attractive to employers because it offers a broad array of employees in a slew of industries and jobs.

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Amazon Gains Juicy Incentives With New Headquarters Locations

PYMNTS

No offense against a great part of New York City, but sometimes it can take a little bit of a push to get people (tourists, mainly) to visit Queens. Amazon has selected New York City and Northern Virginia as the homes for its second and third headquarters.