Arizona group aims to jump-start European-style open banking in U.S.

Payments Source

The Arizona Fintech Council, an organization of banks, economic and technology groups, will encourage collaboration and access to the state's regulatory sandbox to promote a version of Europe's open banking policy in the U.S. Fintech Compliance Arizona

Starship Technologies Rolls Out Robotic Food Delivery In Arizona

PYMNTS

Amid increasing demand for contactless delivery, Starship Technologies has rolled out a robot food delivery offering in Tempe, Arizona. each day in a geofenced area near Arizona State University that encompasses multiple eateries and a residential neighborhood.

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Arizona’s app store bill could force Durbin-like changes

Payments Source

Compliance Arizona Digital payments Debit cardsThe growing pressure on app stores to allow multiple payment methods may prove to be as disruptive as the Durbin amendment was to debit card payments.

Arizona Considers Accepting Tax Payments In Cryptocurrency

PYMNTS

Two years after legislators in New Hampshire decided that they would not allow their citizens pay their taxes with bitcoin, the Arizona state legislature is mulling a bill that would pave the way for people to pay their Arizona taxes with cryptocurrencies, Coindesk reported. Arizona State Rep. Bitcoin Arizona bitcoin cryptocurrency new hampshire News What's Hot

Facing Shrinking Market Share, Arizona Iced Tea Co To Sell Marijuana Products

PYMNTS

The company that makes Arizona Iced Tea is getting into the marijuana business, according to a report by The Wall Street Journal. Arizona Beverage Company has made a deal with Dixie Brands Inc., Arizona Beverage Company wants to start with marijuana-infused gummies and vape pens, and the deal involves Dixie Brands making the products and selling them in licensed dispensaries. The deal will also give Arizona the right to purchase up to $10 million in stake in Dixie Brands.

Arizona group aims to jump-start European-style open banking in U.S.

American Banker

The Arizona Fintech Council, an organization of banks, economic and technology groups, will encourage collaboration and access to the state's regulatory sandbox to promote a version of Europe's open banking policy in the U.S. Fintech Compliance Arizona

Uber Self-Driving Car Kills Arizona Pedestrian

PYMNTS

Uber ’s self-driving car in Tempe, Arizona, struck and killed a pedestrian Sunday night (March 18), marking the first known fatality of a pedestrian by an autonomous vehicle. Some incredibly sad news out of Arizona,” wrote Uber CEO Dara Khosrowshahi on Twitter on Monday (March 19), according to the WSJ. “We’re

Heartland to buy Arizona branches from Johnson Financial

American Banker

Arizona M&A Branch deals Community banksJohnson is exiting the state with the sale of the four locations.

Waymo Trials Rides For Shoppers In Arizona

PYMNTS

To offer shoppers rides in self-driving vehicles, Alphabet ’s Waymo is starting a trial run for Walmart customers in Arizona. Beyond Walmart, Waymo is working with DDR Corp to provide diners and shoppers with rides to a shopping center in Chandler, Arizona. Though most testing takes place in California, those operations also are conducted in Arizona, Texas, Georgia, Michigan and Washington State.

Credit union to acquire seven TCF branches in Arizona

American Banker

Branch deals Branch network Branch banking Growth strategies Credit unions Community banking Alaska ArizonaAlaska USA Federal Credit Union will nearly double its operations in Phoenix after it buys the locations.

Arizona AG announces more fintech sandbox participants

CFPB Monitor

In August 2018, Arizona began accepting applications for its regulatory sandbox that “enables a participant to obtain limited access to Arizona’s market to test innovative financial products or services without first obtaining full state licensure or other authorization that otherwise may be required.” At the end of last week, the Arizona AG announced that two more participants, Grain Technology, Inc. CFPB Monitor FinTech State CFS Monitor arizona sandbox

Arizona’s regulatory sandbox is open for play

CFPB Monitor

On August 3, 2018, Arizona began accepting applications for its regulatory sandbox that “enables a participant to obtain limited access to Arizona’s market to test innovative financial products or services without first obtaining full state licensure or other authorization that otherwise may be required.” In March 2018, Arizona’s Governor signed into law legislation directing the state’s Attorney General to create the sandbox.

Arizona Autonomous Vehicle Tests Build On World’s Fair Legacy

PYMNTS

And not everyone in Arizona can hitch a ride with the vehicle: Waymo said in a Medium post that it was opening up to “early riders from our research program” before it slowly rolls it out to other riders, with safety as a factor in the speed of the launch. The paper also noted that Arizona is a location conducive for the testing of self-driving cars.

Bitcoin “ATMs” Come to Nevada and Arizona

Banking Exchange

What do Circle K convenience stores have to do with Bitcoin? Retail Banking Technology Payments Branch Technology/ATMs Blockchain Fintech Financial Research Feature Financial Trends Feature3. 1Retail Banking

Arizona Trouble Leads Uber To Scale Back On Self-Driving Vehicles

PYMNTS

The announcement came after a autonomous vehicle was involved in an Arizona crash. Following the crash, Uber is pressing pause on testing its self-driving vehicle fleet in Arizona while the accident remains under investigation. When the California Department of Motor Vehicles revoked the registrations for Uber’s self-driving cars, Uber relocated to Arizona for testing, as there are less rigorous permitting requirements.

This week’s podcast: Arizona’s Fintech Sandbox and Facilitating Innovation

CFPB Monitor

We talk with Evan Daniels, Fintech Counsel in the Arizona Attorney General’s office, about Arizona’s first-in-the-nation Fintech sandbox and how it is being used to drive innovation in consumer financial services. We also discuss how the CFPB’s current push to encourage innovation interacts with state efforts, such as those in Arizona. FinTech arizona

How the Payments Industry Failed a Major Arizona Grocery Chain

Payments Source

Arizona's largest independent grocery chain, was certain it was prepared for the October 2015 EMV liability shift. Bashas' Inc., After all, it had begun purchasing terminals for all of its 1,400 checkout lanes a year in advance. security retail-acquiring technology risk-analytics

BofA settles debit fee case with Arizona ex-prisoners

Payments Source

A suit alleges former inmates in Arizona's state prison system were charged $15 fee for teller-assisted transactions, compared with other customers who were charged nothing. Debit cards Payment fees Bank of America

Arizona AG digs his sandbox

ABA Community Banking

First state effort explained by top lawyer. California regulator down on sandboxes Management Financial Trends Technology Fintech. 1Technology

BANK 34 Kasasa Cash Available In Arizona And New Mexico

BankDeals

BANK 34 (AZ and NM) Kasasa Cash account currently earns 2.50% APY on qualifying balances up to $25k. The Kasasa Saver earns 0.50% APY on balances up to $50k

Glacier Enters Arizona with TFB Bancorp Acquisition

American Banker

will enter Arizona after buying TFB Bancorp in Yuma. Glacier Bancorp in Kalispell, Mont., breaking_news womenin-banking community-banking m-a mt az dealmaking-strategy

CFPB December 2016 complaint report highlights debt collection complaints, complaints from Arizona consumers

CFPB Monitor

The report also highlights complaints from consumers in Arizona and the Phoenix metro area. Findings regarding complaints from Arizona consumers include the following: As of December 1, 2016, approximately 23,300 complaints were submitted by Arizona consumers of which approximately 64 percent (about 15,000) were from Phoenix consumers. Barbara S. Mishkin. The CFPB has issued its December 2016 complaint report which highlights complaints about debt collection.

Another state creates tech sandbox as federal agencies tread warily

Payments Source

Fintech regulations CFPB OCC Utah Arizona WyomingUtah this week became the third state to let companies test cutting-edge financial products without fear of violating licensing and other regulations.

Taking A Data-Driven Approach To Meeting CU Members’ Banking Needs

PYMNTS

To learn more about how Arizona Federal Credit Union is approaching new technologies and the impact of the COVID-19 virus upon these decisions, visit the Tracker’s Feature Story.

Delivering A Secure Seamless Banking Experience In The Age Of COVID-19

PYMNTS

One such player is Arizona Federal Credit Union (Arizona FCU), which is working to offer improved access to its 130,000 member-owners.

Utah Becomes the Third State to Establish a Fintech Sandbox

CCG Insights

Utah has joined Arizona and Wyoming in establishing a fintech sandbox, a tool for financial innovators to create new products while being partially shielded from regulatory issues. Arizona led the. Banker in the Know CCG Catalyst Arizona Compliance fintech regtech Regulations sandbox Utah WyomingThe post Utah Becomes the Third State to Establish a Fintech Sandbox appeared first on CCG Catalyst Consulting Group.

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When a small town loses its only bank

American Banker

Consumer banking Community banking Deposits Small business lending Federal Reserve Federal Reserve Bank of San Francisco ArizonaThe people of tiny Duncan, Ariz.,

Arizona fintech sandbox starts accepting applications

The Paypers

(The Paypers) Arizona has become the first state in the US to create a “regulatory sandbox” program to facilitate the development of financial products and services

Fintech needs more regulatory 'sandboxes'

Payments Source

Fintech regulations Fintech Financial regulations Digital payments Arizona IllinoisAlthough there's often a tension between regulation and innovation, the sandbox concept can help startups, regulators and incumbent banks better navigate experimental financial technologies.

Succession plan in the works at American Southwest Credit Union

American Banker

C-suite Arizona Career moves Career planning Credit unions Career advancement Succession planningJay Williamson will take over at the Sierra Vista, Ariz.-based based institution after Brian Barkdull retires.

Nearly 100 Pizza Huts To Test Beer Delivery

PYMNTS

Brands’ Pizza Hut is bringing beer delivery to approximately 100 of its restaurants in California and Arizona. The new rollout will include cities such as Tucson, Prescott and Winslow in Arizona, and Los Angeles, Bakersfield, Sacramento and Santa Barbara in California. Delivery Beer Delivery News Pizza Hut Pizza Hut Arizona Pizza Hut California Pizza Hut Delivery Retail What's HotAs restaurant operators seek to bolster sales in the face of weak traffic growth, Yum!

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Veteran COO to take charge at Vantage West Credit Union

American Banker

C-suite Arizona Career moves Succession planning RecruitingSandra Sagehorn-Elliott will take over as the president and CEO of the Tucson, Ariz.-based based institution next month, having served as chief operating officer of two different credit unions.

6 key Senate races for bankers to watch

American Banker

Senate Banking Committee Arizona Election 2020 AML North Carolina Mitch McConnell Marijuana banking Alabama Georgia Regulatory reform

Bank Of America Facing Lawsuit Over Debit Card Fees For Prisoners

PYMNTS

Bank of America is facing a lawsuit in Arizona from prisoners who contend they are being forced to become customers of the bank because they are given a BoA debit card that also has high and unusual fees. Daria Brill, the lead plaintiff in the case, argues Bank of America preys upon people as they are getting released from Arizona prisons. “BofA is the exclusive provider of debit cards issued to Arizona inmates upon their release from an Arizona corrections facility.”

Phoenix Welcomes Online Alcohol Delivery Startup, Drizly

PYMNTS

Boston-based eCommerce alcohol delivery startup Drizly has announced its next location in Phoenix, Arizona. ” News Retail alcohol alcohol delivery Arizona delivery delivery startup drizly e-commerce phoenix What's HotPartnering to deliver alcohol from local liquor stores that include Lucky’s Liquor, Gary’s Liquor and Chandler Liquors, Phoenix residents will now be able to order and receive alcohol delivery from these retailers.