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.

Sleep Number Unveils New Interactive Store In New York City

PYMNTS

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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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. Also discussed will be product demos about the new capabilities and features of the most recent release of IBM Incentive Compensation Management (ICM). Featured Carousel Featured Homepage Sales Performance Management events ICM Incentive Compensation Management New York NYC

Visa: US Contactless Payments Primed For A Big 2020

PYMNTS

When Visa launched a contactless payments pilot with New York’s Mass Transit Authority (MTA) seven months ago, the company started small, and with modest goals. By June, the MTA’s goal is to have half of all New York stations enabled.

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.

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. 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. According to reports in May, the new store was to be located on Brookfield Place’s second level in the downtown area of the city.

Payroll Startup Gusto Plans NYC Expansion With $200M Series D

PYMNTS

Reeves said he plans to pursue new products beyond payroll and HR as the company grows, adding FinTech features like its Flexible Pay, which allows wage advances for employees. The company also has New York City expansion plans for its R&D team, the article said. For the estimated six million SMBs nationwide, advanced technology to handle payroll is virtually nonexistent.

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.

Mastercard Offers Refunds For Tap-and-Go Customers In NYC

PYMNTS

Mastercard is running two transportation-friendly holiday season options for cardholders using tap-and-go payment in New York City, the company announced in a release. . This promotion goes through New Year’s Day.

WeWork To Sell Iconic NYC Building To Amazon

PYMNTS

Amazon ’s New York expansion plans will now include the former Lord & Taylor building in downtown Manhattan, as the eCommerce company announced that it will purchase the storied building from office sharing startup WeWork , according to the New York Post. The price tag on the building, famous for being the former New York hub for the shopping retailer, is in excess of $1 billion. Amazon lord & taylor new york city News WeWork What's Hot

Mastercard Offers Holiday Refunds For Tap-and-Go Customers In NYC

PYMNTS

Mastercard is running two transportation-friendly holiday season options for cardholders using tap-and-go payment in New York City, the company announced in a release. . This promotion goes through New Year’s Day.

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. Inquiries have come from media companies, law offices and technology firms.

NYC Scrutinizes eProcurement Deal With Ivalua

PYMNTS

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. Reports in the New York Daily News on Thursday (June 6) said Stringer issued a statement about the overcharges. million initiative to connect 40 city government agencies to procure online. New York City has so far spent $27.5

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.

NYC Lawsuit Targets Online eCigarette Companies

PYMNTS

More than 20 online eCigarette retailers are being sued by New York City for allegedly selling to children. New York City requested that a Brooklyn federal judge on Wednesday (Oct. The kids of New York are the pride of our city, but to these companies, they’re just a source of profit,” Mayor Bill de Blasio said. Legal eCigarettes JUUL Lawsuit new york city News vaping What's Hot

Hudson Yards To Open 100+ Retail Shops

PYMNTS

Hudson Yards is a New York City neighborhood that’s quickly establishing itself as a must-visit destination as Manhattan’s retail influence heads west, bringing with it a technological edge, Forbes reported Sunday (Aug. Great menswear brands like Dunhill have opened stores at Hudson Yards and closed other locations — we now have their only flagship store in the city — which inherently drives their customer base to us,” he said.

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. 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. The motion-sensing radar that is located at the top of the Pixel 4 leverages the same technology that is used to detect planes and other large objects.

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NY Lawsuit Claims Online Retailers Selling e-Cigs To Underage Buyers

PYMNTS

More than 20 online eCigarette retailers are being sued by New York City for allegedly selling to children. New York City requested that a Brooklyn federal judge on Wednesday (Oct. The kids of New York are the pride of our city, but to these companies, they’re just a source of profit,” Mayor Bill de Blasio said. Legal eCigarettes JUUL Lawsuit new york city News vaping What's Hot

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. And JPMC has long touted the merits as the blockchain as a technology type.

Mobile Apps Unlock Urban Oases For Rest And Productivity

PYMNTS

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). Silver said the space can appeal to a wide range of demographics, from the office worker to the tourist coming off the High Line to someone traversing around the city or freelancing.

Walmart Pushes Same-Day Delivery With Parcel

PYMNTS

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.

Evolving payments technologies challenge merchants to keep pace with consumers' expectations

Mobile Payments Today

That was the overarching message to retailers from a group of executives on a panel at the recent Oracle Industry Connect in New York City Retailers must be aware of what's changing in payments to better serve their customers.

Five At Five: NYC Votes To Impose Ridesharing Cap

PYMNTS

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. States Launch Initiatives To Embrace Distributed Ledger Technology. The new figures show a slowdown from 5.1

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Bringing Deep Discounting To One Of America’s Most Expensive Streets

PYMNTS

Putatively pitched at kids, tweens and teens, the shop offers goods across a wide variety of categories, with a focus on fashion accessories, sports items, home goods, technology, games crafts and gifts. 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.

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.

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 Murray’s former owner, Rob Kaufelt, will reportedly remain as a strategic adviser, and the team leading the New York City operation will largely remain unchanged.

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). Deliveroo plans to use Maple’s technology to expand its platform. The report noted that some of the New York team members of Maple will join Deliveroo in the U.K. Retail apps deliveroo food food delivery Maple new york city startup news uk What's Hot

US retailers' EMV pain opens path to contactless-only checkout lanes

Mobile Payments Today

Mobile Payments Today spoke about this concept with payment technology providers at the recent National Retail Federation Big Show in New York City

Apple Pay, Masterpass Come to MTA eTix

Bank Innovation

Earlier this week, it was announced that both Apple Pay and Masterpass are now integrated into MTA’s eTix, meaning that the millions who use the MTA trains to get into and out of New York City every day can purchase tickets digitally. Mobile Online Payments Technology Twitter Apple Apple Pay LIRR MasterCard MasterPass Mobile Payments MTA online payments

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NYC’s Payoneer Acquires optile To Bolster Payment Technology

PYMNTS

New York City digital payment platform Payoneer is set to acquire the Germany-based open payment orchestration platform optile , Payoneer announced in a press release on Tuesday (Dec.

Restaurant Ordering Apps, Cloud Technology, Cash Hoarding Top This Week’s News

PYMNTS

We have deep dives into in-house restaurant ordering apps and cloud technology, as well as a report on banks running short on large bills amid the coronavirus crisis. The Bank of America at 52nd Street and Park Avenue in New York City, in one case, ran out of $100 bills for a time due to large withdrawal attempts. Can The New England Patriots Brand Survive Losing Tom Brady?

Mastercard to hire 470 to triple size of its Manhattan tech hub

Payments Source

will hire 470 people as the world’s second-largest payments network expands its technology hub in New York City. Payment processing Mastercard New YorkMastercard Inc.

It Takes Two to Tango: The ‘Hidden Gems’ in Banking Technology

Let's Talk Payments

Mexico City is in Mexico. Guatemala City is in Guatemala. Panama City is in Panama…easy. But it can get harder: I had lived in the greater New York City area for. Banking Cards Commerce Fintech Innovation Insights Interviews Payments insights US

How Your Bank Approval Process Hinders Innovation

Banker to Banker

If you want a more innovative bank, it starts, and largely stops, with what your approval process looks like for new technology. Take a human and force them to grow up in New York City. Take your well-outdoor trained city dweller and then put them into the middle of the Colorado Rockies, chances are they become bear-food in a week.

Smart Cities Projects Testing IoT Technology To Fix Traffic, Transit Woes

PYMNTS

Internet of Things technology is known to much of the public through the development of smart home technology, which allows consumers to control their appliances, listen to music and shop by using their voice with an increasingly sophisticated technology that learns natural language. shows that smart city investment is expected to nearly double over the next few years, with expenditures rising from $81 billion in 2018 to $158 billion by 2022.