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Credit Card Surcharges OK’ed In New York

PYMNTS

New York has banned the ban. In the wake of court filings this week that effectively ended a challenge to surcharges on credit card transactions in New York, merchants in the Empire State can indeed embrace those fees, contingent upon stating those costs to consumers up front.

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New York Times Posts Blockchain Job

PYMNTS

The New York Times newspaper posted a job called “Lead, Blockchain Exploration” on Wednesday (March 13), and later took it down, according to reports. The posting said the organization was looking for someone to “design a blockchain-based proof of concept for news publishers.”.

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Bank of New York Mellon to boost 2022 tech spending

BankInovation

The Bank of New York Mellon will increase its technology spend next year in an effort to build its platform offerings and modernize its applications. Tech spend — broken out as software and equipment — reached $372 million in the third quarter, up 9% year over year. billion bank reported earnings of $881 […].

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New York Grand Jury Looking Into Facebook’s Data Sharing Agreements

PYMNTS

Facebook is the subject of a criminal investigation by federal prosecutors over the data deals it inked with some of the biggest technology companies, reported The New York Times. Facebook has been working to remove the partnerships during the past two years, reported The New York Times.

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New York now requires banks to report ransom payments

American Banker

The new rules also expand the use of "proven protections," such as multifactor authentication, according to Adrienne Harris, superintendent of the New York State Department of Financial Services.

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New York vs OCC: Let’s Think of the Children

Bank Innovation

In his recent 2017 budget proposal, Governor Andrew Cuomo outlined a few changes that might be in store for New York State fintechs, particularly online lenders. The Empire State really wants to be in charge of the fintech sandbox—and it wants the OCC out already. These changes include expanding the Read More.

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Unions Urge New York To Follow California’s Lead On Gig Workers

PYMNTS

Unions in New York are petitioning the state to change its laws to include employment protections for gig economy workers, similar to a bill recently passed in California, The Wall Street Journal reported on Monday (Sept. Independent contractors are also not protected by the state’s workers’ compensation and unemployment insurance. “We

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