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NJ Transit Upgrades Reduce Cash, Paper Ticket Usage

PYMNTS

New Jersey Transit announced it is planning to modernize its fare payment system through proposed upgrades that would reduce cash and paper-based tickets, and provide customers with quick, easy and convenient ways to pay. The current electronic ticketing through the NJ TRANSIT mobile app will continue to be used, upgraded and expanded.

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NJ-based Provident Bank upgrades digital channels amid pandemic 

Bank Innovation

For one community bank in New Jersey, its digital overhaul came at a crucial time, and Provident Bank has been pushing its digital capabilities to customers during the novel coronavirus pandemic since revamping its online banking earlier this month.

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Report: 80 Pct. Of NJ Gamblers Place Wagers Online

PYMNTS

About 80 percent of gamblers are now betting online. Legal online sports gambling is providing business opportunities not only to payment services providers but also to companies that sell digital ID authentication services. According to an analysis released in January, “New Jersey’s online sportsbooks accounted for $241.05

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Online Gambling Expands With FanDuel, DraftKings Product Launches

PYMNTS

It has reportedly launched FanDuel Sportsbook , which offers online betting services for real sporting events — but only to consumers located in New Jersey, for now. Rival fantasy sports provider DraftKings previously launched its own online sportsbook about a month ago, before the start of the NFL season.

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Retail Pulse: Zola Opens NYC Store; Kleinfeld Shop ‘Pops Up’ In NJ

PYMNTS

Lord & Taylor has left its landmark New York City store on Fifth Avenue as it seeks to focus on its online presence. Between the end of April to the middle of June, hackers were reportedly able to get usernames and passwords as well as email addresses, phone numbers, birthdays and payment card info.

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Fintech Fundings: 15 Companies Raise $125 Million Week Ending May 1

Fintech Labs Insights

Online auto insurance comparison site. Online & mobile payment solutions in Southeast Asia. Digital payment platform aimed at construction industry . Payroll and payment solutions for the underbanked. Online real estate investment platform. Payments via social media. HQ: Chatham, NJ.

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Where are they now? A look at FinovateSpring 2015 Best of Show Winner Successes

Fintech Labs Insights

While we’re eager to see this year’s demos, we wanted to reflect on the successes of last year’s Best of Show winners (in alphabetic order): Alpha Payments Cloud. February 2016: Partnered with Sentenial’s pan-European Payment Institution, Nuapay. HQ: Mahwah, NJ. HQ: Singapore. Founded: 2012. Demo video ).