article thumbnail

New York Venture Bank Seeks National Bank Charter

PYMNTS

New York Venture Bank, a new financial institution (FI) created by big names in the financial services industry, has applied for a national bank charter. The new FI is looking to provide commercial banking products and services to businesses in New York and other markets in the U.S.

New York 100
article thumbnail

Second Circuit orders dismissal for lack of standing of New York DFS lawsuit challenging OCC fintech charter

CFPB Monitor

Court of Appeals for the Second Circuit has ruled that the lawsuit filed by the New York Department of Financial Services (DFS) seeking to block the OCC’s issuance of special purpose national bank (SPNB) charters to non-depository fintech companies should be dismissed for lack of Article III standing.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Lessons Learned From the Fourth United States Bank Failure of 2023

Perficient

Heartland Tri-State began operations in 1985 under the name First National Bank of Elkhart. Mr. Shan Hanes, who served as the bank’s President and CEO until its closure, joined the firm in 1993 as an agricultural loan officer and Informational Technology Officer. He was promoted to President and CEO in 2008.

article thumbnail

National ATM Council Says NYC Ordinance Is Costly, Burdensome

PYMNTS

The National ATM Council (NAC) argued in testimony to the Committee on Consumer Affairs of the New York City Council last week that a proposed ordinance would impose costly and burdensome new security regulations on ATM operators all around the city.

ATM 100
article thumbnail

In Bangladesh Heist, Following the Money Through Cyber Twists: Nation Vs. Nation?

PYMNTS

The maxim has stayed the same in the ensuing decades, but the technology has changed. This has been the case with the ever-evolving story behind the $81 million heist that siphoned funds from Bangladesh via the Federal Reserve Bank in New York last year. But what happens when the prime mover behind the theft is an actual nation?

National 103
article thumbnail

Hackers Find New Avenues for Attacks Via Developing Nations

PYMNTS

Hackers are on the lookout for new ways to attack, and now it looks like developing nations may be a favored conduit. As noted by The New York Times , some sophisticated attacks are surfacing, and they show bells and whistles such as artificial intelligence. Here’s a study in contrasts: U.S.

National 112
article thumbnail

Paydek Collaborates With Thunes On X-Border Payments

PYMNTS

Paydek’s infrastructure supports an extensive international base of people and businesses as clients, with handling payments to more than 160 nations. The collaboration will allow for local currency payments via the large international partner network and strong technology abilities of Thunes, according to the announcement.

Payments 239