Visa Highlights Contactless Payments At New York Fashion Week

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To help consumers experience new ways to pay, Visa has announced a new relationship with New York Fashion Week: The Shows. We are constantly exploring sponsorship opportunities to help us diversify our brand and reach new audiences, while delivering experiences that drive business priorities,” Mary Ann Reilly, senior vice president for North America marketing at Visa, said in the announcement. “We

New York & Co. Rebrands To RTW Retailwinds

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To highlight its ability to grow into new markets and categories, New York & Co. Along with the name change, New York & Co. Retail Fashion To Figure Greg Scott New York and Company News retail brands RTW Retailwinds What's Hotis changing its name to RTW Retailwinds. The move comes as the retailer seeks to top the $1 billion mark in sales, Chain Store Age reported. “We

New York State Of (Cybersecurity) Mind

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As the Sinatra tune goes (a bit paraphrased) … New York: If you can make it there in cybersecurity, you can make it anywhere. The financial services industry is girding for the new regulations by the New York State Department of Financial Services (DFS), which take effect as of Aug. Yes, the rules apply to a single state, but as some sources, including New York Law Journal , report, the regulations could have a global impact.

Amazon Go Coming To New York

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Amazon has announced plans to open an Amazon Go location in New York. It recently opened two more locations in the city, which will make New York its first foray outside of Seattle. “We We plan to open Amazon Go in New York,” an Amazon spokesperson said, according to Reuters , though it was not revealed when the company plans to open the location. Earlier this year, the eCommerce giant launched its first checkout-free convenience store market in Seattle.

New York Regulator Fines Pakistani Bank $630M

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The New York State Department of Financial Services (DFS) is looking to fine Habib Bank Ltd (HBL) nearly $630 million for failing to comply with state and federal laws at its only U.S. The New York State Department of Financial Services could not immediately be reached for comment. Habib Bank has submitted an application to DFS to shut its New York operations. That bank still has a New York branch.

TRENDING: How ‘The New York Times’ Built A Winning Subscription Formula

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The August Subscription Commerce Tracker looks at how companies are stepping up their efforts to win over subscribers by offering new tiers of subscription plans. In the automotive space, carmakers are turning to new subscription tiers to win the attention and business of drivers.

Barneys New York Looks To VR To Carry Spring Collection

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While some see it as a fad or a gimmick, Barneys New York has become the latest to take the tech very, very seriously and turn it into a force for good. The virtual reality short film reportedly marries fashion, tech and contemporary dance, premiering exclusive designer looks to Barneys New York customers straight from the runway via the Oculus Gear VR, Samsung’s VR app and Barneys’ website.

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.”. Casper CEO Philip Krim said the brand’s acquisition costs have fallen, partly because of the new store openings. “It’s

New York AG Wants More Info From Crypto Traders

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New York Attorney General Eric Schneiderman has announced the launch of the Virtual Markets Integrity Initiative, a fact-finding inquiry into the policies and practices of cryptocurrency trading platforms. With cryptocurrency on the rise, consumers in New York and across the country have a right to transparency and accountability when they invest their money. Regulation AML bitcoin cryptocurrency exchange investments New York News regulation What's Hot

The New York Subway’s Better Digital Ticket To Ride

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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.

New York Banks Should Get Into Online Lending

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Online lending may be dominated by startup companies based outside of New York, but the New York State Department of Financial Services (NYDFS) wants New York banks to get into the business as well. “Your competitors are, and will, be embracing FinTech in all of its various forms,” said Maria Vullo, NYDFS superintendent, referring to new types of financial services technology, according to a report by Reuters.

New York State Finalizes Sexual Harassment Requirements

New York's State of Mind

First, in the better-late-than-never category, New York State released the final version of its much anticipated guidance and model policies to implement comprehensive sexual harassment training requirements imposed by the State Legislature last session. HR New York State guidance model policy New York State sexual harassment policyWell, a guy doesn’t blog for a day and all hell breaks loose.

Square Gets License From New York To Enable Bitcoin Trading

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Square , the payments company founded by Jack Dorsey, has received a license to enable residents in New York state to buy and sell bitcoin via its Cash App. In a press release , the New York State Department of Financial Services Superintendent Maria T. DFS is pleased to approve Square’s application and welcomes them to New York’s expanding and well-regulated virtual currency market,” said Superintendent Vullo.

New York & Co. Shows Off Digital Makeover

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Internet Retailer reported that New York & Co. This new kiosk will provide a virtual endless aisle, offering customers access to all sizes, colors and assortments,” he told analysts during the company’s third quarter 2016 earnings call, according to a transcript from Seeking Alpha. Worthington told analysts that New York & Co. Retail ecommerce Mobile shopping New York & Co

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.

New York Venture Bank Seeks National Bank Charter

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New York Venture Bank, a new financial institution (FI) created by big names in the financial services industry, has applied for a national bank charter. 22) report by American Banker , New York Venture Bank, which will be headquartered in New York, needs the nod of the Office of the Comptroller of the Currency (OCC) before it can launch operations. FDIC), the news report noted the new bank will begin with $100 million in capital.

Apple Pay, Masterpass Make It Into New York MTA’s Ticket App

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Apple Pay and Masterpass digital wallet technology are making their way to New York, with Governor Andrew M. We have worked tirelessly to rebuild and reimagine New York’s transit system for the 21st century, and a key part of those efforts is to incorporate the amenities that modern-day riders demand,” Gov. It then became available on Metro-North’s Harlem Line on July 25 and finally became available on the rest of the LIRR and Metro-North’s New Haven Line on Aug.

New York Seeking Tip Option On Uber App

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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.”.

D-Day For New York’s Sexual Harassment Law

New York's State of Mind

When word got out that employers had until October 2019 to comply with the training requirements of New York’s comprehensive new sexual harassment prevention requirements, I swear I could hear a collective sigh of relief across the New York credit union industry. HR Legal Watch New York State Regulatory new york sexual harassment law

Samsung Brings VR To New York Fashion Week

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Samsung is now providing the possibility for this with its upcoming invite-only event at New York’s Fashion Week. Instead of sitting in front of a traditional runway watching models in the latest fashions pass by, Samsung event attendees will be welcomed into a large backstage area room to peruse new fashion lines. Retail Apple New York New York Fashion Week NYFW Samsung virtual reality VR

New York’s New Digital Crime Lab Fights Fraud

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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.

New York State Regulations for Online Lenders to ‘Level Playing Field’ for Banks

Bank Innovation

In New York State, perhaps anticipating a […]. Compliance Exclusive Lending Online Premium Alternative Lending Continuity New York StateOnline lenders may own more than half of the personal lending market, but they face serious headwinds. For one thing, rising interest rates will increase their cost of funds, and perhaps make their offerings less attractive, and for another, regulations may arrive that make operating their businesses more expensive.

New York Uber Drivers Create Labor Group

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Uber’s loss in a class-action lawsuit filed by its drivers in California and Massachusetts has opened a new can of worms for the ride-hailing company. The latest in its problems is a potential revolt from New York-based drivers who have come together to form an association called Amalgamated Local of Livery Employees in Solidarity (Alles) to bolster their position against the company — much like their counterparts who won $100 million in a settlement over expense claims.

Fraudsters ‘Flourishing’ On Zelle, New York Times Reports

Bank Innovation

Bank P2P service Zelle is having some issues with fraud, with some customers reporting that hackers, exploiting weaknesses in the platform, had cleaned out their bank accounts: even if those customers had never used, or head of Zelle, according to a New York Times report this weekend.

Grasshopper Gearing Up To Launch Challenger Bank In New York

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Grasshopper, a new bank challenger in New York, is gearing up to go after the banking industry, reported FinTech Futures. According to the report, the bank formerly went by the name New York Ventures Bank and is in the process of getting a banking license. The report noted that it chose the Temenos T24 banking system, with Grasshopper aiming to provide commercial banking products and services to businesses in New York.

Ride-Hailing Returns To Long Island And Upstate New York

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The New York Times reports news that ride-hailing has returned to New York state and Long Island after a two-year battle by Lyft, Via, Uber and others to lift the ban on their carsharing services. Cuomo (D) pushed the new law to put ride-hailing services under the jurisdiction of the State Department of Motor Vehicles instead of individual cities and towns. A complementary new law tightens restrictions around who is eligible to become a driver.

New York Payroll Card Regulation Fight Wages On

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In the latest development in New York state’s debate over payroll card regulation, Department of Labor has reportedly appealed an earlier decision that invalidated and revoked earlier regulations on payroll cards issued by the Department. Reports this week said the New York State Department of Labor appealed the Industrial Board of Appeals’ decision, issued earlier this year.

Rideshare Rental Startup Expands In New York And Wisconsin

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The company, which is in 29 states, is growing — it added New York City and Madison, Wisconsin, to its roster of cities in 2017. And, companies that provide rideshare rentals like GM’s Maven Gig have been expanding to new cities — such as Los Angeles — as well. Many, but not all, cars meet Uber and Lyft’s standards. With Uber, for example, cars must have four doors and be newer than 15 years old to operate on their platform.

Former Visa Head To Lead Bank Of New York Mellon

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The Bank of New York Mellon announced Monday (July 17) that it named Charles W. Under Charlie’s leadership, Visa transformed its technology platform by opening access to its network and capabilities, partnered with the world’s leading technology companies to drive new payment experiences, introduced new technologies to improve payment system security and built a world-class management team. Personnel Bank of New York Mellon CEO Charles Scharf News Visa What's Hot

Amazon’s Bookstore Ambitions Soon Expanding To New York

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The first New York City location will be in the Time Warner Center. Amazon Commerce Amazon Automotive Amazon New York What's HotAfter about a half a year of speculation on the subject, it looks like Amazon will be opening its long-anticipated bookstore in Manhattan. The 4,000 square foot store will be located in the Shops at Columbus Circle which sit at the edge of Central Park.

Blockchain Tracker: SEB’s New York Bridge To Stockholm, Credit Cards And Fraud Prevention

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Quite possibly, the biggest blockchain news this week was that Swedish bank SEB announced that intends to build a blockchain channel between New York and Stockholm to enable customers to make real-time transfers, as soon as next year. Paula da Silva, head of transaction services at SEB, said in a statement that SEB has plans to include further geographies — besides New York and Stockholm — where the bank operates.

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. Walmart Inc.’s

New York Rules On Payroll Debit Cards Getting Tougher

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New York State workers who get paid via prepaid card will have more consumer protections starting next year. According to a report by The New York Times , the new rules, which some consumer advocates said are the strongest in the country, are designed to ensure employees don’t have to pay any fees to access their paychecks. In 2015, the New York Attorney General said in a report that workers, on average, pay fees of as much as $20 a month.

New York On Verge of Historic Power Shift…Again

New York's State of Mind

Legal Watch New York State Mulvaney New York State Senate UNFCUThis headline might be a tad premature but it appears that the State Senate Democratic Caucus headed by Andrea Stewart-Cousins and the 8 member Independent Democratic Caucus by Senator Jeff Klein have reached a preliminary agreement to unify, potentially paving the way for cutting Republicans out of holding any power in the state legislature. How […].

Are You Preparing For New York’s Sexual Harassment Laws?

New York's State of Mind

HR Legal Watch New York State new york state budget sexual harassment lawsAmong the most high-profile legislation passed by the legislator this year was a package of bills responding to the “me too” movement striking out against sexual harassment. While I wanted to wait for some regulations clarifying some of these provisions to be promulgated, we are getting late in the summer and it’s time to start […].

WorldRemit Opens International Money Transfers in New York

Bank Innovation

Global money transfer service WorldRemit is launching in New York, providing state users the ability to transfer funds to nearly 150 countries, the company announced yesterday.

New York Wants To Be The Model For Cybersecurity Regulation

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New York’s financial regulator had a bold claim to offer over the weekend — she claimed that other states should use New York’s sweeping cybersecurity rules as a model for how insurers must protect their networks from hackers. New York also has clear guidelines for when and how firms have to report when there are hacks. “We The New York regulation is a road map with rules of the road.”.

New York Eyes Payroll Debit Cards

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The New York State Department of Labor said earlier this month through a published proposed rule that current consents are invalid for direct deposit and must be reinstated by employees. In New York, employers must provide employees with notices tied to direct deposit and paycards, gather new written consents and then determine whether current practices mirror the newly created and extended mandates.

Q1 Delivers More Good News Than Bad For New York & Co.

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The bad news is, New York & Co.’s The company saw a soft start to the quarter in line with thinning foot traffic at malls, but comp store sales made up for it in March and April, resulting in New York & Co.’s New York & Co. However, the CEO was confident that staying the course to execute new strategies would continue to deliver growth. New York & Co. Retail What's Hot ecommerce New York & Co.

Capital One Adding Innovation Staff in New York

Bank Innovation

but it’s adding significant innovation staff to its New York office. Innovations Mobile Operations Retail Technology Capital One data scientist digital digital management hiring HR New York quantitative data staffingCapital One Financial Corp.

FinDEVr Launches in New York March 2016

NetBanker

So were are excited to announce a second show, FinDEVr New York next March 29 & 30. The dual-track program, along with ample time to work 1-on-1 with the presenters, will be held in the New World Stages in mid-town Manhattan. FinDEVr 2016 New York

Federal Reserve Bank Of New York’s Dudley Runs Into Disclosure Trouble

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Federal Reserve Bank of New York Head William Dudley has violated code of conduct rules, reported Reuters. Citing an investigation of potential conflicts of interest between the Federal Reserve Bank of New York and the financial firms it regulates, Reuters reported Dudley didn’t disclose that his half-sister was an employee of Wells Fargo. The New York Fed said the lack of disclosure didn’t violate the ethics laws on the books in the U.S.,

New York Just Told the OCC to Stick It

Bank Innovation

The New York State Department of Financial Services submitted a formal comment letter to the OCC today, saying that the latter, frankly, isn’t going to do the job of regulating fintechs — and isn’t Read More.