article thumbnail

Small bank's asset sale is opportunity zone's gain

American Banker

To avoid taxes on the divestiture of a commercial lending unit, Woodforest National Bank backed an Alabama redevelopment project through a government program that promotes investment in underserved communities.

Alabama 62
article thumbnail

Experts: US House Examines Legislative Actions To Combat Cybercriminals

PYMNTS

Additionally, Kellerman called for a tax credit to encourage firms in the financial vertical to set aside 10 percent of their information technology (IT) budgets at a minimum toward cybersecurity. As a result, he said, Americans need to have information to keep themselves and their communities safe.

US 227
Insiders

Sign Up for our Newsletter

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

article thumbnail

Hacker Tracker: DataVisor’s Global Insight Into Online Fraud

PYMNTS

Ultimately, we wanted to help to inform and empower the community in our common fight against fraud and abuse. Selfie Authentication Combats Tax Fraud. PYMNTS: What role does Big Data play in detecting and mitigating fraud? TY: Big Data technology makes it possible to use more advanced algorithms to analyze billions of events together.

Fraud 112
article thumbnail

When Suds Go X-Border

PYMNTS

While Long’s goal of streamlining trade among the global craft beer community is straightforward, the process of shipping alcohol across borders can present numerous challenges. So far, Long has seen particular success with craft beers produced by Back Forty Beer Company in Gadsden, Alabama, and Dark Horse Brewing Co.

article thumbnail

Dynamic Duo

Independent Banker

From opposite political directions, Senators Shelby and Brown stand on point to greatly influence community banking’s agenda in the next Congress. The mix of contrasts and similarities of Shelby’s and Brown’s perspectives and policymaking portend an active session for community banking’s agenda in the new 114th Congress. By Ed Avis.