article thumbnail

Eastern Bank Readying For IPO

PYMNTS

Boston-based Eastern Bank , the nation’s largest mutual, is pushing ahead with plans to go public and shed its long-time format in a move that could raise nearly $2 billion, according to a press release. The more than 200-year-old bank, originally founded 1818, has filed plans notifying the U.S.

article thumbnail

Top News In Payments: Bank Closings Hit Rural Areas; Kaspersky Highlights Rise Of Fake Notifications

PYMNTS

In today’s top payments news, more than half of the 3,114 counties in the United States lost bank branches from 2012 to 2017. Bank Branch Closings Take Toll On Rural Communities. Urban areas, however, lost only 9 percent of offices in 802 communities. Kaspersky: Fake Push Notifications Have Grown Nearly 70 Pct In 2019.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Fed Says America Needs Instant Payments As Soon As Possible

PYMNTS

Federal Reserve Board members this week shed some light on the timing and mechanics of FedNow — an always-on, fully interoperable interbank-settlement service that will give rise to instant payments in the United States. The COVID-19 pandemic is taking a tremendous toll on communities across America,” Brainard said.

America 189
article thumbnail

Walmart Wants To Add $250 Billion In US-Made Products By 2023

PYMNTS

Walmart’s $250 billion commitment to buy products supporting American jobs is having a tangible impact on communities across the country as factories expand or open to make products for Walmart stores, Walmart.com and Sam’s Club.”. manufacturing lead.

US 113
article thumbnail

Tech Center: New York City Takes on Tech Full Force

PYMNTS

For years, New York City has been at the epicenter of United States’ culture with the fashion and entertainment industries leading the way. With a big focus on technology in Silicon Valley and Boston, New York City slowly made its way to becoming a powerhouse tech player.

article thumbnail

Tech Center: Charlotte On The Edge of Tech Greatness

PYMNTS

Before we jump into the post, here are a few quick facts about Charlotte and its tech scene: The city had a population of 827,097 in 2015, making it the seventeenth largest city in the United States. PYMNTS: How does the startup and tech scene in Charlotte differ from other cities in the United States?

Charlotte 118
article thumbnail

The Stats of Summer

PYMNTS

Spring is about renewal, the holiday season is about family and friends, and later winter (in Boston, anyway) is filled with the gnawing anxiety that it might never ever get above 40 degrees Fahrenheit again. Their headline figure was $16 billion, which is the aggregate value of the summer camp industry in the United States.