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Truist selling last chunk of insurance business. Now what?

American Banker

The Charlotte, North Carolina, company has agreed to sell its remaining 80% stake in its insurance brokerage unit to raise billions of dollars in cash and extra capital. The "wild card" is how Truist will deploy them, one analyst says.

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Holiday Season Brings Corporate Payments Fraud Spike

PYMNTS

The holidays are unfortunately one of the busiest times of the year for fraudsters looking to capitalize on the surge of shopping and payments activity. The scam then requests the employee to submit those gift card numbers to the “boss” over email, falsely claiming that the gift cards are gifts for employees and others.

Fraud 149
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Branching Out: Physical Locations Boost CUs' Digital Plans

PYMNTS

Petersburg, Florida-based CUSO said its Enhanced Fraud Services initiative has already helped 10 credit unions combat fraud, including chargebacks stemming from instances of members’ payment card details being stolen and sold on the dark web. Coast Capital On The Innovations Driving CUs’ Digital-First Future.

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Health Care Companies Data At Risk Of Being Compromised

PYMNTS

Newkirk issues identification cards for insurance plans, and in early July, it discovered a server that housed information on members of payer organizations was accessed without the proper authorization. An inquiry into it found access was first made in May.

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Retail Pulse: CVS, UPS Test Drone Potential; Birchbox Grows Walgreens Partnership

PYMNTS

The flights originated from a CVS location in North Carolina and flew to the homes of customers autonomously. (A Items will include Birchbox subscription gift cards, beauty essentials in travel sizes, limited-edition Birchbox Grooming and Birchbox Beauty boxes, and an Advent calendar collaboration between Birchbox and Walgreens.

Retail 101
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The 2023 GonzoBanker Awards

Gonzobanker

Anyone who follows the industry knows this focused institution led by Findlay is all about executing the timeless principles of capital management, credit quality, efficiency and customer service. They should have been investing in fintech growth businesses and they had the capital to do it.” Grab some popcorn and watch.

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Grocery Roundup: Ahold Delhaize Acquisition, Another Toilet Paper Rush And A SNAP Explosion

PYMNTS

Today Farmstead’s services are only available in California and in the Raleigh-Durham area of North Carolina. The funds, according to the firm, will go toward expanding the online grocery business nationally. The company relies on data and artificial intelligence (AI) to maintain what they call a “just enough” inventory system. “In