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Hilton Hotel In Times Square To Close

PYMNTS

While the nation’s hospitality sector has been devastated by the outbreak, it especially took a toll on New York City as Broadway shows were put on hold to prevent the spread of the virus, tourists stayed home and business travel was replaced with virtual teleconferencing. The $77 million mortgage is due in November.

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Grasshopper Bank advances inclusion, stamps out ‘pattern matching’

Bank Innovation

New York City-based Grasshopper Bank is geared toward startups, with a focus on pain points for founders. Grasshopper opened in May 2019 after securing FDIC and OCC approval, a rare distinction for a digital-only bank.

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Regulators Say Crypto Asset Holders Subject To Securities Laws

PYMNTS

financial regulators have warned firms with registered digital assets that they must follow securities laws to prevent money laundering, as well as report any suspicious activity. laws as securities, commodities, and security- or commodity-based instruments such as futures or swaps.

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NYC Meters Won’t Take Credit Due To Y2K Bug

PYMNTS

Parking meters in New York City won’t take credit cards because they weren’t programmed to get card payments after Jan. 1, 2020, according to a report by the New York Post. It’s the city’s fault. I should not get a ticket. I shouldn’t have to pay it.”. 1, 2020.”.

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Facebook Is Looking To Buy A Cybersecurity Company

PYMNTS

Facebook is reportedly gearing up to acquire a cybersecurity company in an effort to assure users that security is a top priority of the social media company. CNET , citing a report from The Information, reported Facebook has reached out to several security companies that could be takeover targets.

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ComplyAdvantage CEO sees regulatory headaches for big tech’s financial forays

Bank Innovation

ComplyAdvantage, a New York City-based firm that uses machine learning to […]. Charlie Delingpole, founder and CEO of regtech startup ComplyAdvantage, said big tech firms like Google, Apple, Facebook and Amazon face no shortage of regulatory headaches by venturing into financial services.

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UPS, Latch Pair On Last-Mile Delivery Security

PYMNTS

UPS is providing increased security to its customers through a pilot with Latch smart access devices that will allow its drivers to make in-building deliveries to multi-unit homes in New York City. UPS is the latest company to offer a more secure delivery service.

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