Austin Mayor Announces Cancellation Of SXSW Due To Coronavirus

PYMNTS

The annual music and culture festival SXSW in Austin, Texas has been canceled due to fears over the spreading of the coronavirus , according to a report by Dallas News. However, this situation evolved rapidly, and we honor and respect the City of Austin’s decision.

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Coronavirus Refunds: Austin City Limits Ticket Holders To Get Reimbursement, Carryover Options

PYMNTS

The Austin City Limits Music Festival will no longer occur this year, but the event will return to mark its 20th anniversary, according to a statement that encouraged those who have already bought tickets to keep them to “lock in access to next year’s festival at 2019 prices.”.

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Amazon To Create 800 New Jobs At Austin Tech Hub

PYMNTS

Amazon announced on Thursday (March 28) that it is expanding its Austin Tech Hub, and will be creating 800 new tech jobs. Amazon said that since it opened its Austin Tech Hub, it has created more than 22,000 full-time jobs in Texas and has invested more than $7 billion in the state, including on infrastructure and compensation to workers. “In Amazon said it will expand into a new 145,000-square-foot Austin office in 2020.

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Google Maps Enables Austin Parking Payments With Passport

PYMNTS

Passport has collaborated with Google to offer mobile parking payments in Austin, Texas through Google Maps. Passport has offered parking offerings in Austin since 2016, when it bought the ParkX application.

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Ford To Test Self-Driving Vehicles In Austin

PYMNTS

city, according to reports stating that a testing program in Austin will launch soon. Citing sources familiar with the development, the report said the test in Austin is coming ahead of the launch of its self-driving taxi and delivery services, which are slated for 2021. The newswire spotted a job listing posted by Ford for an autonomous vehicles “market specialist” based in Austin. Austin would be the fifth city in which Ford is testing its self-driving vehicles.

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Austin Is Bringing The FinTech Heat

PYMNTS

Though Austin may fall in the shadows of bigger U.S. Nate Stewart, Group Product Manager for BigCommerce , an eCommerce platform with deep roots in Austin, provided a glimpse into what really helps Austin stand apart and why startups can’t help but flock to the city. Before we jump into the post, here are a few quick facts about Austin and its tech scene: Austin has an estimated population of approximately 931,830 people. Austin is home of 4,182 tech companies.

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Austin Capital Bank tests embedded insurance

American Banker

Fintech Auto insurance

They only sound like Austin Powers villains

Matt Wilcox Pro

Here’s an interesting prediction from the February 25, 1966 issue of TIME magazine: “By 2000, the machines will be producing so much that everyone in the U.S. will, in effect, be independently wealthy.” I don’t think I’m being premature when I say I think the magazine missed the mark with that one.

University Federal Credit Union in Austin creates new president role

American Banker

Credit unions

How Collectives Aim To Make Cities Into Blockchain Centers

PYMNTS

A group called the Austin Blockchain Collective , for instance, is looking to establish the Texas city as a hub for blockchain innovation. When blockchain technology is discussed, we want Austin to come to mind, just as centers like Silicon Valley, NYC, Toronto … are thought of,” Pete Harris, the organization’s co-founder and executive director, told PYMNTS in an interview. Blockchain Austin Austin Blockchain Collective Crypto Hubs News

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Austin Reed Can’t Find A Buyer, Will Close All 120 Stores

PYMNTS

retailer Austin Reed is hanging up today, though, as its parent company AlixPartners Services announced that the brand was unable to find a buyer for its troubled assets and will be pursuing liquidation instead, Reuters reported. Peter Saville, managing director of AlixPartners, said in a statement that the losses aren’t without a good deal of effort on his part to find a happy home for the now-defunct Austin Reed brand.

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BBVA hosts Amazon lockers in Austin branches

Payments Source

Add package pickup to the growing list of things banks are doing with branches as foot traffic declines. Branch banking Branch network Regional banks Bank technology Retailers Amazon

VizyPay carves out a niche catering to rural America

Payments Dive

Austin Mac Nab, the CEO and cofounder of Waukee, Iowa-based payments processing firm VizyPay, said the company aims to disrupt the payments landscape by catering to small town businesses

Netspend CEO On Making The B2B Pivot

PYMNTS

Netspend’s latest deal is with Austin FC , the new Major League Soccer team coming to Austin, Texas. The deal will see the team put out a traditional branded Austin FC card that will be distributed through the Netspend network.

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Fast-growing Texas bank buying branches in Austin, San Antonio

American Banker

Spirit of Texas Bancshares is acquiring four branches and a loan production office from Simmons First National Corp. as part of an aggressive expansion in its home state. Strategic buyers Community banking Commercial real estate lending Texas

Chapter 11 Watch: Austin Reed Bids Farewell, Staples Plots A New Course

PYMNTS

brands like apparel retailer Austin Reed, though, the weight of all that financial baggage is too much to crawl out from under. AlixPartners, the parent company of the 116-year-old retailer, admitted on Tuesday (May 31) that it was forced to shutter the Austin Reed name after no adequate buyers came forth to salvage assets after the company slid into administration in mid-April.

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Palm pay hits more Whole Foods stores

Payments Dive

The grocery chain added Amazon One technology, which lets users pay with their palm prints, to a newly opened store in Austin, Texas, this week and plans to bring it to six other area locations in the coming weeks

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big. bright. minds. 2017 | Austin, TX

Filene

in Austin, TX. in Austin, TX. Experience the Filene difference at this year's big. bright. minds. At this two day event, you will: Hear the latest from big. bright. thinkers. on key issues facing credit unions. Have experiences that will harvest great conversations and spark new ideas. Go back to your credit union as a Dust Kicker, ready to take action! Events include: 12.6.17. 12.7.17 & 12.8.17. 12.7.17. 12.7.17. Annual Member Meeting. bright. minds. Small Group Day Away.

Ripple Gives $2M To Texas University For Blockchain Research

PYMNTS

As part of Ripple ’s $50 million pledge for blockchain research, the crypto firm has said it will give $2 million over five years to the McCombs School of Business at the University of Texas in Austin. Blockchain Cryptocrrency distributed ledger News Ripple school funding University of Texas at Austin What's Hot

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These Payment Methods Can Help Provide Hurricane-Related Aid

PYMNTS

Other organizations do as well, such as Austin Pets Alive! Payment Methods All Hands American Red Cross Americares Apple iTunes Austin Pets Alive! As the U.S. continues to suffer from the effects of Hurricane Harvey’s path of destruction , many people are wondering how they can help by providing aid to those affected by the storm. The following quick roundup of ways to provide humanitarian assistance can help bridge the gap and assist those in need. Payments Via Text.

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Hyperwallet plans new contact center payout in Austin in 2017

The Paypers

(The Paypers) Hyperwallet is planning a 24/7 support centre by launching a new Austin contact center payout for globally-dispersed payees in February 2017

Simmons Banks and Spirit of Texas Set to Merge Boosting Texas Footprint

Banking Exchange

Combined firms will expand into Austin, Houston, San Antonion, Corpus Christi and Bryan-College Station Management Feature M&A Feature3 Community Banking.

Top 5 Mistakes Financial Marketers Make With Advertising Agencies?

The Financial Brand

Digital Marketing Featured Content Marketing Strategy Strategic Planning Adrenaline Austin Williams Diamond Group Mabus Agency marketing mistakes Mills Marketing Strum AgencyFrom underbudgeting to having fuzzy goals, banks and credit unions waste time and money with outside experts.

Three Texas Banks to Merge into $1.5B Group

Banking Exchange

Parent companies of The Bank of Austin, Texas Hill Country Bank and The Bank of San Antonio to combine Management Feature M&A Feature3. 1Management

Top 5 Mistakes Financial Marketers Make With Advertising Agencies?

The Financial Brand

Digital Marketing Featured Content Marketing Strategy Strategic Planning Adrenaline Austin Williams Diamond Group Mabus Agency marketing mistakes Mills Marketing Strum AgencyFrom underbudgeting to having fuzzy goals, banks and credit unions waste time and money with outside experts.

Carlyle to invest in Abrigo at $1 billion-plus valuation

BankInovation

The Austin, Texas-based company is valued at more than $1 billion after the investment, according to people with knowledge of the matter who asked not to be identified discussing private information.

Wrap of week #22: Midwest, Southwest, Insurtech, Altfi, Payments

Bank Innovation

Last week we hovered over the Midwest and the Southwest; Kansas and Austin, TX. Austin TX: An alternative credit history builder running in a bank; SelfLender. Kansas: A global alternative exchange that IPO’d; BATS exchange. We continued our Insurtech coverage focusing in the Auto Industry with 21 ventures. We offered insights in the broad Altfi space: For… Read more Wrap of week #22: Midwest, Southwest, Insurtech, Altfi, Payments. Newswire Uncategorized

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Amazon Accepting Cash Payments At Oxxo Stores

PYMNTS

In other Amazon news , the company announced on March 28 that it is expanding its Austin Tech Hub and will be creating 800 new tech jobs. Amazon said that since it opened its Austin Tech Hub, it has created more than 22,000 full-time jobs in Texas and has invested more than $7 billion in the state, including on infrastructure and compensation to workers. “In

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SXSW Accelerator Fintech Finalists for 2017 Announced

Bank Innovation

More fintech is coming to Austin. Austin is known for having a thriving Read More. The massive South by Southwest conference and festival features startups in a number of categories — transportation, augmented/virtual reality, and of course fintech — plus several others. The event is the 9th annual pitch session for SXSW’s accelerator.

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Banks Must Disrupt Themselves, Not Consumers, Citi Fintech CEO Says

Bank Innovation

AUSTIN — Better customer service comes from disruption within, not from trying to change consumer behavior, according to Yolande Piazza, CEO of Citi Fintech. “I I think in fintech we talk a lot about disruption, but let’s be honest—if someone came up to you and said, ‘I want to disrupt your life,’—I don’t think that’s what […]. Corporate Exclusive Innovations Payments Startups Citi Fintech Digital Banking conference P2P Yolande Piazza Zelle

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Amplify Credit Union rolls out mobile banking via Apple Watch

Bank Innovation

The Austin-based credit union, which has $950 million in assets, rolled out mobile banking via the Apple Watch earlier this month. Amplify Credit Union is letting customers check in on their financial health by looking at their wrists. Members check their accounts directly before making purchases and can link car loans, mortgages, investments and other […].

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Joust To Finance Freelancers’ Outstanding SXSW Invoices

PYMNTS

Joust, a banking app in Austin, has announced it will pay users on their unpaid SXSW invoices to help them deal with the cancellation of the huge yearly festival, according to a release. However, this situation evolved rapidly, and we honor and respect the city of Austin’s decision.

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Giact launches identity, account verification services via API

Payments Source

Austin, Texas-based Giact Systems is combining its identity and payment verification tools into a single platform called Epic. APIs Identity verification

Community banks are thriving in Texas

Independent Banker

With the record growth of San Antonio, Houston and Austin, southern Texas is becoming a hub for business. The 2020 Census quantified the growth many residents were already sensing: Austin grew by 33% between 2010 and 2020, earning it the rank of fastest-growing large metro.

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Banks Are Just Beginning to Understand the Power (and Limitations) of Artificial Intelligence

Bank Innovation

Citi Ventures‘s recent investment in Anaconda, an Austin, Texas-based AI and machine learning (ML) software company, shows the industry’s commitment to staying at the forefront of this growing and developing field. AI has certainly generated a lot of chatter and buzz in the financial world, but banks are still challenged to implement it properly. Citi […]. Exclusive Innovations Operations Premium AI Citi Ventures Investment Personetics Python

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