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Fed Data: The U.S. Economy Is Reopening, But Not Rebounding

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The Beige Book takes commentary from various regional Federal Reserve banks and drills down into what the Fed terms “anecdotal information” to paint a portrait of the economy ’s current state. As for reopening efforts, consider St. The data reflects findings and commentary from business owners as measured through May 18.

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Fed Casting Wary Eye On FinTech Firms’ Infrastructure Access?

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Yet now, said Reuters, the Fed has said there is not enough risk management in place to allow FinTechs full-fledged access to the payment system. Louis Fed President James Bullard told Reuters in November, the FinTechs “probably do want access to the payments system, but they don’t want the regulation that would come with that access.

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Verizon 5G Network Launch Foreshadows Mobile Commerce Changes

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The announcement from the mobile network provider serves as the latest demonstration that 5G is coming, and that retailers and payment services providers should get ready to operate in the 5G world. The Verizon announcement about the upcoming April launch of the 5G network in the two most important cities in the Midwest (no offense to St.

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Virtual Gaming Grows Into A Force For Tourism And Even Atlantic City

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Already for 2020, Niantic said it has added St. Louis, Philadelphia and Liverpool to the gaming event list. Gaming is also moving further into the real, physical, even brick-and-mortar world via other avenues — some of which could prove to be significant with a bit of skill and luck on the part of backers. thanks to a U.S.

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The Surprises Edition: Ethereum, PayPal And The Fed

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We also had a few surprises on the undeniably more serious side, in the payments and commerce world. Ethereum hiccupped, PayPal pushed into India (and into a direct competition with a hometown hero) and The Federal Reserve decided to take on a reset of digital payments. The Fed’s New Digital Payments Outlook.

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FinovateFall 2014 -- Less than 50 tickets left! Don't miss out!

Fintech Labs Insights

Forbes Fortune FTV Capital Gartner Goldman Sachs IBM Intuit Jack Henry JP Morgan Chase KPMG Liberty Mutual MassMutual MasterCard MACU New York Life Nordea Oliver Wyman Paypal Polaris Partners Primerica PwC QED Investors RBC Regions Bank Rockland Trust.

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Leveraging Payments To Unify The Transit Experience

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Most cities and towns use their own payment systems, with many requiring consumers to obtain special cards or tokens to ride their trains, buses and trolleys. Consumers create Transit accounts and enter their payment information, and the app then links to transit system apps’ payment gateways to enable automatic payments.

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