My wife and I drove out of Chicago for the first time in months today (Saturday, May 30). Illinois cities and towns, with the exception of Chicago, took their first steps to reopen. We were anxious to enjoy it. Restaurants and bars in Ottawa, Ill., were opening with outdoor seating, with some streets closed to accommodate additional seating with proper social distancing. The … [Read more...] about Illinois’s Post-Corona Virus Economy Begins to Open
Chicago Payments Forum Meets Virtually. We know you've been wanting to talk payments in Chicago, so we're holding our first virtual meetup 4:30p - 6:00p, Wednesday, June 3. Register on the FinTEx Chicago website at https://bit.ly/FinTExEvents. “Cash is king baby.” Cash shows its twin properties in a payments survey by Grown In, a Chicago-based cannabis newsletter. It's … [Read more...] about Chicago FinTech News 06-01-2020
AeroPay Prepares to Support Pot Payments Payments startups AeroPay has been approved to use its merchant payments platform to accept payments at cannabis dispensaries in Colorado, reports CEO Daniel Muller. The AeroPay platform provides low-cost payment exchange between merchants and their customers in partnership with financial institutions. The problems and solutions to … [Read more...] about Pot Payments, FinTech Partnerships, ESG Products: Chicago FinTech News 05-11-2020
Like 9/11, the coronavirus can spur needed payment automation, I wrote in a recent Pay Think column published in PaymentsSource. You may remember that it took the 9/11 crisis to get U.S. federal legislation moving to put scanned check images on the same legal footing as the paper originals. 2020 should be that moment for the U.S. payments infrastructure. Not simply for the … [Read more...] about Is Covid-19 Payments’ 9/11 Moment?
Product development and funding requires a sharp focus. Bring clarity and focus to your idea the Amazon way: the future press release. Amazon has used the strategy internally for years as part of its “customer-obsessed” business culture. They call it “working backwards” – an approach to product design that looks first at what customer needs and customer reaction are likely … [Read more...] about Focus Your Product Idea with a Future Press Release
There’s no way to get around talk about the coronavirus. Now in over 80 countries, it’s touched on nearly every aspect of life for people around the world. Its impact on the FinTech landscape is no less profound, but its long-term effects are still an open question. A consumer slowdown and long-term recession could lower valuations for FinTech startups and lead to a pullback … [Read more...] about FinTechs Could be a Vital Tool in Solving Coronavirus Problems