BankFirst adding to Alabama operations with T&F purchase

American Banker

Community banking M&A Capital Growth strategies Alabama MississippiThe Mississippi company will pay $49 million for Traders & Farmers Bancshares.

University of Alabama test provides lessons on digital ID, payments

Payments Source

NFC University of Alabama Internet of things Mobile wallets Digital IDThe move to dump passwords in favor of more flexible authentication will likely happen in clusters, with schools providing many of the factors necessary.

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Investar ending 2020 with deal for Alabama bank

American Banker

Community banking M&A Growth strategies Alabama LouisianaThe Louisiana company sold $30 million in stock to help fund its purchase of Cheaha Financial Group.

Alabama Tests Selfie Authentication To Fight Tax Fraud

PYMNTS

The company recently announced a partnership with the Alabama Department of Revenue (ADR). By implementing state-of-the-art technologies, like the MorphoTrust eID, the state of Alabama continues to demonstrate that it is doing everything possible to protect our taxpayers from anyone looking to steal their information and use it to file fraudulent state tax returns,” said Julie P.

Grocery Delivery Alabama Startup Shipt Takes On Instacart, AmazonFresh And Google

PYMNTS

Until now, the Alabama startup had not made any move to topple the reigning grocery delivery champs out of major coastal cities like New York and Los Angeles, but now that can finally change. The Alabama startup eliminates grocery store trips for 20 million families in 47 metro areas. So far, the Alabama startup is faring pretty well against Goliath. David is taking on Goliath as Shipt, an online grocery delivery startup based in Birmingham, Ala.,

SouthCrest to Sell Its Alabama Branches to Guardian Credit Union

American Banker

has agreed to sell its only Alabama branches to Guardian Credit Union in Montgomery, Ala. SouthCrest Financial Group in Woodstock, Ga., breaking_news dealmaking-strategy branch-deals retail-branch-strategies ga wi community-banking

Bitcoin Daily: Alabama Works On ‘Operation Cryptosweep,’ Venezuelan Banks Ordered To Accept ‘Petro’ Crypto

PYMNTS

In other news, the Alabama Securities Commission (ASC) is working on “Operation Cryptosweep” with the North American Securities Administrators Association, AL.com reported. Dash is teaming up with Kripto Mobile to spread its payment system through Latin America, Cryptovest reported. Users in the region are able to spend and acquire Dash through their mobile phones, which comes loaded with the Dash ecosystem.

Alabama Credit Union to Buy In-State Bank

American Banker

Family Security Credit Union, a $580-million institution based in Decatur, Ala., said it has entered into a definitive agreement to purchase substantially all of the assets and assume the deposits of the privately held Bank of Pine Hill, based in Pine Hill, Ala. breaking_news community-banking al m-a dealmaking-strategy

New (Yet Familiar) Boss at Robertson Banking in Alabama

American Banker

Robertson Banking Co. in Demopolis, Ala., has given its president, Gary Holemon, the additional title of chief executive. people breaking_news succession-planning al consumer-finance

Walmart Tests Digitally Enhanced Stores

PYMNTS

Walmart has started trialing new digital services in its Mobile County, Alabama supercenter, including ModiFace , a new device that enables customers to digitally test makeup. The Alabama store, which had its grand reopening late last week as a high-tech supercenter, is among the few locations that are getting a redesign with more advanced technologies, noted the report. Innovation alabama brick and mortar Modiface News Retail shopping technology walmart What's Hot

Greece is important and so is Alabama

The Bankwatch

This quote from Rana Foroohar on CNN this weekend makes one stop and think. A similar comment related to Connecticut (similar GDP to Greece) effectively bailing out any of the smaller southern US states every year. Why Greece Matters for Everyone. It’s not that the economy of Greece itself matters so much– China creates a new Greece every six weeks –it’s that a Greek exit from the Eurozone calls into question the entire European experiment.

CenterState, South State Agree to $6 Billion Merger

Banking Exchange

The combined entity will cover Florida, Georgia, Alabama, the Carolinas, and Virginia when it completes in Q3 2020 Community Banking M&A Management Feature Feature3.

Equifax reaches deal with 8 states on steps to avoid future breaches

Payments Source

Data breaches Data security Data privacy Corporate governance Risk management Security risk Equifax FTC CFPB California New York Texas Georgia North Carolina Massachusetts Maine AlabamaUnder a consent order with Texas and seven other states, the Atlanta-based credit reporting firm agreed to shore up its information security efforts, but it will not have to pay any financial penalties.

Things worth reading: 5th December 2017

Chris Skinner

Things we’re reading today include … Brazil’s first online bank ramps up innovation Behind the rusty vault doors of an abandoned Alabama bank The survival hopes of big banks may rest on machines Big banks putting UK’s free-to-use ATM network at risk, warns peer Mastercard to repurchase up to $4 … The post Things worth reading: 5th December 2017 appeared first on Chris Skinner's blog. Reading

Forever 21 Faces Lawsuit For Allegedly Using False Sales Data

PYMNTS

Retail chain Forever 21 , now in the final stages of bankruptcy, was sued by an Alabama mall owner who said the company misrepresented critical sale projections, according to published reports Tuesday (Jan.

USAmeriBank Integrates Finastra Payments Hub

Bank Innovation

that operates within Florida and Alabama, announced in April, and should allow for a greater capacity for […]. USAmeriBank is now live on financial service firm Finastra’s payment hub, which will enable the regional bank to implement new payment services and rails.

Holding Companies in Ala., Pa., Renamed to Match Bank Names

American Banker

Bank holding companies in Alabama and Pennsylvania have changed or plan to change their names to more closely reflect the identities of their banks. breaking_news dealmaking-strategy al pa community-banking

First Bancshares in Miss. to Buy La., Fla. Banks

American Banker

has agreed to buy two banks in Alabama and Florida and it announced plans for a capital-raise to fund the deals. First Bancshares in Hattiesburg, Miss., breaking_news dealmaking-strategy m-a ms la fl community-banking

Shelby Primary Win May Clear Way for Nomination Backlog

American Banker

Senate Banking Committee Chairman Richard Shelby's easy victory in his primary battle in Alabama is fueling hopes he may soon move forward on a number of key financial nominations.

PYMNTS Daily Data Dive: Walmart Pay’s Expansion

PYMNTS

Well, at least to two more states: Alabama and Georgia. 120 | Number of Walmart Alabama stores that will offer Walmart Pay. Walmart Pay is making its way across the U.S. But what does that mean for Walmart Pay’s mobile payments footprint ? We break it down in today’s 5-in-1: $45B-$60B | Amount of new sales Walmart plans to add over the next three years. 140 Million | Number of customers who shop at Walmart each week.

Apple Adds 12 Colleges To Contactless ID Program

PYMNTS

Schools that already use the program are Johns Hopkins University, Marshall University, Mercer University, Duke University, University of Oklahoma, University of Alabama and Temple University.

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The Sharpie’s Indelible Mark On Commerce (And, Well, #SharpieGate)

PYMNTS

The movement started last week when the president tweeted a warning about Hurricane Dorian and said that in addition to Florida, “South Carolina, North Carolina, Georgia and Alabama will most likely be hit …”. September is always a big month for the Sharpie.

Mall Vacancies At Highest Level In Eight Years

PYMNTS

Reis data indicates that the proportion of units sitting empty in some cities – with the inclusion of Birmingham, Alabama and Indianapolis, Indiana – is roughly four times higher than San Francisco, the Financial Times reported.

Wells Fargo Reaches $240M Settlement For Fake Accounts

PYMNTS

The shareholders in the settlement were led by pension plans in Alabama and Colorado, with their lawyers noting that this is largest insurer-funded cash settlement in a U.S. Wells Fargo has reached a $240 million settlement with U.S.

Chase Plans Expansion In Top US Markets In 2019

PYMNTS

Chase said it will also open branches in locations close to major universities in Auburn, Alabama and Lincoln, Nebraska. Chase has announced it is expanding its retail footprint into nine of the top American markets, as well as opening dozens of new locations in the greater Washington, D.C

A Social Media Nightmare?

New York's State of Mind

The CU Times recently reported on the misfortunes of $1 billion Max Credit Union in Alabama. An employee is suspected of posting information about a members’ negative balance to a social media site accompanied by the hashtag “perks of my job.” The credit union’s misfortune underscores just how important it is to have a comprehensive […]. General HR Legal Watch NLRB social media

CFPB Rolls Out Innovation Regulator Network

PYMNTS

Inaugural members of ACFIN include state attorneys general of Alabama, Arizona, Georgia, Indiana, South Carolina, Tennessee and Utah.

Instacart And Publix Team Up For Instacart Meals App

PYMNTS

Publix, which is based in Lakeland, Florida, and has over 1,200 stores in Florida, Georgia, Alabama, Tennessee, South Carolina, North Carolina and Virginia, has partnered with Instacart before, having worked with the app since 2016.

Lawmakers Eye Alternatives To Renter Security Deposits

PYMNTS

Alabama, Connecticut, and New Hampshire representatives say they will follow suit this year with a similar legislative approach.

Bitcoin Daily: Users Can Buy Crypto With Credit On Bitcoin.com; Detained Ethereum Developer Released On $1M Bail

PYMNTS

In other crypto news, Ethereum Foundation researcher Virgil Griffith was released on a $1 million bond to his parent’s Tuscaloosa, Alabama, home after having been denied bail on Dec.

IDEMIA updates and rebrands its eID solution

The Paypers

(The Paypers) IDEMIA ‘s has rebranded the eID app for the state of Alabama, thus signalling possible plans for its expansion to new markets

Google Antitrust Probe Widens To Include Search, Android

PYMNTS

Both Alabama and California are not participating in the probe. The antitrust investigation into Google will be expanded to include the tech giant’s search and Android businesses.

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Despite Gov’t Shutdown, Tax Refunds Will Be Paid

PYMNTS

Senator Doug Jones (D-Alabama) said he believes the refund decision is simply a way for Republicans to get support for the president’s wall on the Mexican border. “It’s While the U.S. government shutdown continues, a Trump official has promised that tax refunds will go out on schedule.

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Google Moves In Where Amazon, GE Move Out

PYMNTS

In fact, we’re growing faster outside the Bay Area than within it, and this year opened new offices and data centers in locations like Detroit, Boulder, Los Angeles, Tennessee, and Alabama,” wrote Google CFO Ruth Porat, according to reports. .

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Google Data Practices Under EU Antitrust Scrutiny

PYMNTS

Both Alabama and California are not participating in the probe. EU antitrust regulators are probing Google to see how the search giant uses and monetizes the data it collects on users, Reuters reported on Saturday (Nov. 30), citing the European Commission.

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Easy Ways BSA Officers Can Get Their Required Training

Abrigo

Attorney’s Office Northern District of Alabama & the Alabama Chapter of ACAMS is hosting a seminar on Suspicious Activity Reports on Sept.

The United States Of Venture Capital: The Most Active VC In Each State

CB Insights

Alabama. Alabama Futures Fund. Although startups based in California, New York, and Massachusetts have traditionally accounted for the majority of VC tech investment in the US, VCs are spurring other hotbeds of innovation across the country.