San Francisco Board of Supervisors passes ban on cashless retail

Mobile Payments Today

San Francisco became the latest municipality to ban cashless retail as vulnerable populations demand equal access to shopping and dining service

San Francisco May Be First City To Ban Facial Recognition

PYMNTS

The city of San Francisco moved a little closer to banning facial recognition software after adding amendments to the Stop Secret Surveillance ordinance. San Francisco would also let the public weigh in before purchasing or deploying any new surveillance technology.

San Francisco Surveys On-Demand Delivery Couriers

PYMNTS

To learn more about the workers who deliver items such as food and groceries through startups, the San Francisco Municipal Transportation Agency (SFMTA) is launching a survey. San Francisco has concerns over traffic: To that end, the city is one of the most congested in the world.

Data Dive, New Rules Edition: Starbucks, San Francisco And Card Interest Rate Caps

PYMNTS

San Francisco Says No to Cashless. The list of locations banning cashless shops in the name of financial inclusion grew this week, with San Francisco joining Philadelphia and New Jersey in barring cashless retailers from the city.

San Francisco puts the kibosh on cashless retail, restaurants

ATM Marketplace

San Francisco has become the latest city to say no to cashless retail and foodservice as advocates for vulnerable populations demand equal access to shopping and dining establishments for the unbanked

Heritage Commerce bulks up in San Francisco with Presidio purchase

BankThink

Heritage will have 17 branches around San Francisco when it completes the $200 million acquisition. Community banking M&A Capital Growth strategies California

Local Insights On Airbnb In San Francisco

PYMNTS

San Francisco recently voted to impose a limit on the maximum number of days hosts could rent out their properties — which could bring major changes to the city’s gig economy. Airbnb eventually sort of settled with San Francisco back in 2015 — though it turned out to not be enough — and said it would better police its platform. In San Francisco in October 2016, Airbnb hosted a total of 5,755 active listings — total listings at the end of October came in at 9,716.

Prime Members In San Francisco And Atlanta Get Free Whole Foods Delivery

PYMNTS

Adding to the sundry benefits of Prime, Amazon is launching free two-hour delivery of Whole Foods groceries in Atlanta and San Francisco through Prime Now. We’re happy to bring our customers in San Francisco and Atlanta the convenience of free two-hour delivery through Prime Now and access to thousands of natural and organic groceries and locally sourced favorites,” John Mackey, Whole Foods Market co-founder and CEO, said in a statement.

Should San Francisco's ban on face-recognition tech worry banks?

BankThink

Police and city agencies can no longer use facial-recognition technology, which civil liberties groups say infringes on human rights. The measure may be an ominous sign for biometric login authentication.

Berlin vs San Francisco: Why Berlin’s Silicon Allee is Europe’s new Silicon Valley

Dataconomy

The post Berlin vs San Francisco: Why Berlin’s Silicon Allee is Europe’s new Silicon Valley appeared first on Dataconomy. Startups Berlin San Francisco startups tech startups

FinDEVr San Francisco 2015 Presenters All Mapped Out

NetBanker

FinDEVr San Francisco 2015 is less than a week away, and we’re excited to host 64 companies as they spend 20 minutes on stage showing off their latest tools, APIs, and platforms. The post FinDEVr San Francisco 2015 Presenters All Mapped Out appeared first on Finovate.

FinDEVr San Francisco Very-Early-Bird Ticket Discount Ends Friday

NetBanker

It will all take place at the UCSF Mission Bay Conference Center in San Francisco. The post FinDEVr San Francisco Very-Early-Bird Ticket Discount Ends Friday appeared first on Finovate. FinDEVr 2015 San Francisco

FinDEVr 2015 San Francisco: Builders by the Bay

NetBanker

Sure, the deep red of the Oracle OpenWorld conference a year ago has been replaced by the bright orange of San Francisco Giants fans lining the streets for the final few games of the baseball season. FinDEVr 2015 returns to the campus of the University of California, San Francisco.

San Francisco Fed says banks could weather a big hit to housing

BankThink

America's banks could largely weather a major housing downturn, a new Federal Reserve Bank of San Francisco analysis finds, and that includes thousands of smaller lenders that typically have higher exposure to real estate. Housing market Federal Reserve Bank of San Francisco

FinDEVr 2015 San Francisco: A Bounty for Builders

NetBanker

With attendance numbers already well above last year’s inaugural event, we are having a hard time containing our excitement about FinDEVr 2015 next week in San Francisco. The post FinDEVr 2015 San Francisco: A Bounty for Builders appeared first on Finovate.

A View From Backstage at FinDEVr San Francisco 2015

NetBanker

If you were at FinDEVr San Francisco last week, you experienced first-hand the high energy from 63 presenters and 500 other attendees. FinDEVr San Francisco in the press: Cripto Noticias. FinDEVr 2015 San Francisco Day 1.

San Francisco Official Wants Tax On Robots That Put People Out Of Work

PYMNTS

With a growing number of automated machines performing jobs and tasks that could eliminate jobs, one San Francisco official is pushing a statewide “tax” in California on robots that put people out of work. William Santana Li, CEO of security robot maker Knightscope, which created a K5 security robot that monitors the Westfield Valley Fair mall in San Jose, calls the notion “preposterous.”

Five At Five: Amazon Gets Beat In San Francisco

PYMNTS

Cashierless Challenger Zippin Debuts i n San Francisco. Zippin, the cashierless store operator, is beating Amazon and its Amazon Go stores to the punch, opening up its first cashierless store in San Francisco. Welcome to Five at Five, your daily look at the day’s payments and commerce news. Today’s news includes coverage of how a company beat Amazon to the punch, and a new batch of worries for Tesla.

Google Testing Same-Day Delivery In San Francisco

PYMNTS

According to the report, the service — dubbed Google Shopping Express — is being tested with a small number of consumers in San Francisco and suburbs around it. Google is getting into the grocery delivery market, with NBC News reporting that it is testing a same-day delivery service that will bring food and other online orders to consumers’ doorsteps.

I didn’t leave my heart in San Francisco…

Celent Banking

…but something far more valuable. So for this post to make sense, you ought to read my last 2 posts, about my experience of using my credit card in the US. The first talked about the customer experience, and how varied it was. Some of the quirks were allegedly to improve security, yet offered no perceivable additional security. When asked, the retailers I spoke to saw EMV as offering no better security and a worse customer experience.

Cashless Payments Coming To San Francisco Festival

PYMNTS

5–7 in San Francisco’s Golden Gate Park. For the fifth year in a row, payment company PayPal announced its partnership with Outside Lands Music and Arts Festival , which runs Aug. Under terms of the partnership, PayPal will be the digital payment provider for the festival, enabling concertgoers to attend the event cash-free. “We’re

Retail Pulse: Rent The Runway Opens San Francisco Store; Crate & Barrel Plans Restaurant

PYMNTS

Rent the Runway , in particular, is opening a 2,600-square-foot store in San Francisco after outgrowing its 1,800-square-foot space inside of a Nieman Marcus store in the city. In San Francisco, the company’s third-largest market, 83 percent of transactions by subscribers are “self-service.”. To break into the brick-and-mortar world, some digitally native retailers have opened shops inside department stores.

Robo-Baristas Serving Up Coffee At San Francisco Cafe

PYMNTS

Like a scene right out of “The Jetsons,” patrons at Cafe X, a new coffee shop in San Francisco, can have their cup of joe served up to them by a robot. Yes, an actual robot. Located in the Metreon shopping center, Cafe X customers simply place their order using their smartphone or an iPad kiosk, which then sends the order to the robo-barista.

San Francisco Fed names research head as new president

BankThink

Monetary policy Policymaking John Williams Federal Reserve Bank of San Francisco Federal Reserve FOMCMary Daly succeeds John Williams, who left the bank earlier this year to run the Federal Reserve Bank of New York.

The Full FinDEVr: A Look at the Final Line-Up for FinDEVr 2015 San Francisco

NetBanker

We’ve been teasing you for weeks with previews of the companies that will be taking the stage at FinDEVr 2015 San Francisco. We’ll see you in San Francisco! FinDEVr 2015 San Francisco

Presentation Videos from FinDEVr San Francisco 2015 Are Now Available

NetBanker

Just when you thought you might be stuck watching the GOP presidential debates tonight, we’re happy to announce that the presentation videos from FinDEVr San Francisco 2015 are now ready for viewing.

Momentum Machines Gets $18M In Venture Funding For San Francisco Restaurant Run By Its Burger Bot

PYMNTS

Momentum Machines introduced its fully autonomous burger bot in 2012, and now, with news of an $18 million venture capital funding round , it’s one step closer to opening its flagship San Francisco restaurant based around the prototype, which has been in the works since June of last year. The Google-backed company applied for a building permit last June to convert a ground floor retail space at 680 Folsom Street in the South of Market (SoMa) neighborhood of San Francisco.

Should San Francisco's ban on face-recognition tech worry fintechs and banks?

Payments Source

Police and city agencies can no longer use facial-recognition technology, which civil liberties groups say infringes on human rights. The measure may be an ominous sign for biometric login authentication.

Taxi Medallion TDRs Surge at San Francisco FCU

Keith Leggett's Credit Union Watch

San Francisco Federal Credit Union reported a surge in troubled debt restructured (TDR) commercial loans during the first quarter of 2018. San Francisco FCU is suing the San Francisco Municipal Transportation Agency over the collapse of the taxi medallion market in San Francisco. TDR commercial loans not secured by real estate increased from $2.9 million at the end of 2017 to almost $9.3 million as of March 31, 2018.

San Francisco Startup Lumoid Lets Best Buy Shoppers Try Before They Buy

PYMNTS

Thanks to a partnership with San Francisco startup Lumoid, it’s a rental option that lets electronics shoppers try before they buy. What does Best Buy have that Amazon doesn’t? Later in June, online Best Buy shoppers will have the option to rent a camera, audio equipment and a fitness tracker by clicking the “try before you buy” option on BestBuy.com and completing the rental through Lumoid’s site.

Credit Union Sues San Francisco over Taxi Medallion Loans

Keith Leggett's Credit Union Watch

San Francisco Federal Credit Union is suing the San Francisco Municipal Transportation Agency (SFMTA) seeking damages from defaulted taxi medallion loans. The lawsuit was filed in Superior Court of San Francisco on March 27. The complaint states that the credit union partnered with SFMTA to finance taxi medallion loans. The credit union underwrote and financed over 700 medallions worth more than $125 million in taxi medallion loans.

San Francisco Times Recognizes Credit Karma as Best Fintech Company

NetBanker

Last week the San Francisco Business Times announced winners of its Tech and Innovation Awards honoring the Bay Area’s most innovative and enterprising technology companies. The article boasts that the San Francisco-based company is the third highest-valued venture-backed U.S.

Problem Taxi Medallion Loans Spread to San Francisco FCU

Keith Leggett's Credit Union Watch

Problems are brewing with San Francisco Federal Credit Union's taxi medallion portfolio. However, San Francisco FCU does not have the same concentration risk to taxi medallion loans as the New York City credit unions that specialized in taxi medallion loans. According to KPIX 5, the credit union has foreclosed on 70 taxi medallion loans.

I Left My Equity In San Francisco

BankersHub

When a government takeover plan is so whacked that even a city official in San Francisco thinks that it''s whacked , you know that it''s officially jumped the shark. San Francisco’s controller discouraged city lawmakers from going forward with a proposal to use eminent-domain to help homeowners avoid foreclosure, citing federal limitations and risks to the city’s borrowing costs.

Silicon Valley Is Losing Its Luster With Millennials

PYMNTS

Silicon Valley is losing its luster with young adults, as recent polling shows millennials are gearing up to leave the San Francisco area at an increased rate. s move last year when it announced it was leaving San Francisco for Denver, which is also growing.

Problem Taxi Medallion Loans Cause Surge in TDRs at San Francisco FCU

Keith Leggett's Credit Union Watch

Problem taxi medallion loans cause a surge in troubled debt restructured (TDR)commercial loans at San Francisco Federal Credit Union. San Francisco FCU is suing the San Francisco Municipal Transportation Agency over the collapse of the taxi medallion market in San Francisco. Despite the rise in TDR commercial loans, San Francisco FCU was profitable and well capitalized.

San Francisco FHLB to Use $40M for Job Creation Programs

American Banker

The Federal Home Loan Bank of San Francisco is exploring ways to use $40 million it received as part of a private-label securities settlement to support small-business development and job creation to help future homebuyers.

Ten Questions for San Francisco Fed President John Williams

American Banker

San Francisco Fed President John Williams discusses the potential for new fintech products to make predatory lending easier, whether big banks need to be broken up, and the likelihood of another recession.

San Francisco FCU Unveils 100 Percent LTV Jumbo Mortgages

Keith Leggett's Credit Union Watch

Citing skyrocketing housing costs, San Francisco Federal Credit Union announced a new loan program that will allow San Francisco-area borrowers to finance up to 100 percent of their mortgage – with no requirement for private mortgage insurance – on loans up to $2 million.

San Francisco FHLB Picks Umpqua Exec as New President

American Banker

The Federal Home Loan Bank of San Francisco has selected Greg Seibly to be its new president and chief executive starting May 12. He will take over from Dean Schultz who is retiring after 25 years at the helm of the bank. gse housing consumer-finance breaking_news law-regulation

San Fran Considers Law Banning Cashless Stores, Including Amazon Go

PYMNTS

San Francisco is considering following in the footsteps of New Jersey and Philadelphia and banning cashless stores, including Amazon Go, according to a report from CNBC. San Francisco District Five Supervisor Vallie Brown proposed the bill in late February.

Best 55 Fun Things to Do in San Francisco – Activities & Attractions

Money Crashers

Statistically speaking, there’s a good chance you or someone you know has been to San Francisco – the City By the Bay is among the most visited cities in the United States.

Reaching the unbanked: Lessons from a San Francisco experiment

BankThink

Outreach and special products have lowered the unbanked rate in San Francisco to 2.1% The city has spent more than a decade working with nonprofits and banks to encourage people to open deposit accounts. in 2015 from 5.9% in 2011. Community banking Deposits Underbanked California