San Francisco Board of Supervisors passes ban on cashless retail

Payments Dive

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

Relocations And Remote Work Hit San Francisco’s Finances


San Francisco’s budget has been hit hard by the pandemic restrictions that have many people working remotely, with some moving to other places with lower costs of living. “As The New York Times reported that remote work has meant many San Franciscans have fled the Bay area.


Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

San Francisco DA Files Lawsuit Against DoorDash For Employee Mistreatment


Gig Economy AB 5 California Chesa Boudin contractor doordash employee gig economy Lawsuit Lyft News pandemic San Francisco Uber What's Hot

San Francisco May Be First City To Ban Facial Recognition


The city of San Francisco moved a little closer to banning facial recognition software after adding amendments to the Stop Secret Surveillance ordinance. If it passes, San Francisco would become the first city to ban the technology that is used to unlock mobile devices and make purchases. “The San Francisco would also let the public weigh in before purchasing or deploying any new surveillance technology.

Fintechs can help narrow racial gaps: San Francisco Fed president

American Banker

Fintech Federal Reserve Bank of San Francisco Financial inclusion

San Francisco Surveys On-Demand Delivery Couriers


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. By learning about the challenges couriers experience when performing deliveries, the SFMTA will better understand the role on-demand delivery services play in San Francisco and their use of the overall transportation network,” the organization wrote in a blog post.

Lyft Brings Pedal-Assisted Bikes, New Branding To San Francisco


With its rollout of pedal-assisted bikes, Lyft is using its own branding in the San Francisco Bay Area. Customers in San Jose are said to have access to the bicycles beginning on Tuesday (June 11). However, the ridesharing company will need the San Francisco Municipal Transportation Agency’s approval to roll out the stationless bicylces in San Francisco. ” Retail Bay Wheels bikeshare Lyft News San Francisco What's Hot

Ripple founder funds upgrades in San Francisco small-business zones

Payments Source

Chris Larsen, co-founder and former CEO of the payments company, is donating $1.7 million to help merchant associations improve the city's lighting, crosswalk markings, sidewalks and trash receptacles. Fintech Ripple

Postmates Testing Robot Delivery In San Francisco


Postmates sidewalk delivery robots are coming to San Francisco, but the autonomous service will have a human escort, TechCrunch reported on Friday (Aug. With a permit issued by the city this week, the online delivery company will start testing three of its wheeled delivery robots on San Francisco streets in a designated area in and around Potrero Hill and the Inner Mission.

Local Insights On Airbnb In San Francisco


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.

GOP senator says research by San Francisco Fed is 'mission creep'

American Banker

Mary Daly Climate change Pat Toomey ESG Federal Reserve Bank of San FranciscoPat Toomey, R-Pa., warned the regional Federal Reserve bank that its papers about environmental, social and corporate governance policies hurt its ability to stay neutral on partisan issues. ]].

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


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.

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


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. Though San Francisco is known as an affluent city that is home to many well-paid tech workers, it also has many low-income residents and a homeless population of about 4,000, almost all of whom are completely unbanked.

What The San Francisco 49ers’ New Loyalty Rewards Play Means For The Field


According to CNBC, the “San Francisco 49ers announced Monday that season ticket holders next year will get unlimited food and beverage items at Levi’s Stadium, as part of the team’s ‘Member Inclusive Menu’ initiative. Retail Editors' Picks Ingo Money loyalty programs News NFL San Francisco 49ersAs consumer preferences change and competition becomes more keen, retailers and commerce operators are under even more pressure to get creative with loyalty programs.

California Opens Door For San Francisco Public Bank


California Governor Gavin Newsom has signed legislation allowing for the establishment of public banks in the state, and advocates in San Francisco are jumping at the opportunity. Already, efforts to establish a public bank are underway in San Francisco, where the San Francisco Public Bank Coalition is applauding the governor’s decision to sign the bill into law. “We

Amazon Go To Expand To San Francisco And Chicago


The Amazon Go store is getting ready to expand into San Francisco and Chicago. We plan to open Amazon Go in Chicago and San Francisco,” said an Amazon spokesperson, who didn’t have information about other cities where the store might launch. The first cashierless Amazon Go store opened in January in Seattle after being in development for five years. It’s located on the ground floor of the eCommerce giant’s new headquarters.

Stripe To Give $20K Bonus, Then Pay Cut For Workers Who Leave New York City, San Francisco Or Seattle


intends to provide a $20,000 bonus to workers who choose to leave San Francisco, Seattle or New York while reducing their base salaries by up to 10 percent, Bloomberg reported, citing an unnamed source.

Cashless Payments Coming To San Francisco Festival


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

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


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


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


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.

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

Robo-Baristas Serving Up Coffee At San Francisco Cafe


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 Federal Credit Union merges with My Credit Union

American Banker

Credit unions M&A

FHLB of San Francisco offers aid for banks fighting pandemic strains

American Banker

Lending Coronavirus Federal Reserve Bank of San Francisco GSEs Federal Home Loan BanksThe Home Loan bank will make zero-interest loans, match charitable donations that members make to nonprofits and small businesses, and provide additional funding for economic development grants.

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


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.

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


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 startupsWith “Brexit” looming over Britain, a promising new startup hub is emerging in Europe: Berlin’s Silicon Allee. As a comparison between London and Berlin demonstrates, chances are the latter may claim the position as EU’s most important startup ecosystem.

San Francisco Fed rebuffs Toomey probe into climate, race research

American Banker

Senate Banking Committee Federal Reserve Climate change ESG

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


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.

California’s fintech startups are invading New York

Bank Innovation

Now, though, Stripe is leaving the tech mecca of San Francisco, awash in tech talent and investor cash, and is in the process of moving its main office about 10 […]. Bloomberg Carousel Innovation Strategy Open Banking Payments New York Plaid San Francisco Stripe Uber

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


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 and completing the rental through Lumoid’s site.

Organizers plan de novo bank in San Francisco area

American Banker

New Enterprise Bank, which would focus on serving "innovative firms," plans to open next year. Capital California Community banking De novo institutions

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. Facial Recognition Biometrics Identity verification Fraud prevention Fraud detection Authentication Duke University 264416 University of Notre Dame

Future of Fintech 2020: What To Expect In San Francisco

CB Insights

The post Future of Fintech 2020: What To Expect In San Francisco appeared first on CB Insights Research. The Future of Fintech 2020 will feature 3 main stages focusing on fintech, wealth tech, and insurtech, with 75+ fireside chats with the biggest names in financial services. Here’s what else you can expect: . Hear from 125+ C-level speakers from banking, payments, insurance, and wealth. Meet hundreds of VCs looking for what’s next.