Tech Center: Charlotte On The Edge of Tech Greatness

PYMNTS

Just west of the Research Triangle in North Carolina, Charlotte’s technology industry has been slowly growing over the past few years. million over the course of the next three years to build up a FinTech hub in Charlotte. In this week’s Tech Center tracker, Michael Praeger, CEO of AvidXchange , spoke with PYMNTS about how Charlotte is the next big tech arena on the East Coast. MP: Charlotte offers a quality-of-life benefit that’s unmatched.

Charlotte Russe Closing 95 Stores After Chapter 11 Filing

PYMNTS

Charlotte Russe, a retailer aimed toward young women’s fashion, has filed for Chapter 11 bankruptcy protection, according to reports.

PayPal Scraps Charlotte Expansion Plans, Citing Anti-LGBT Law

Payments Source

is scrapping plans to build an operations center in Charlotte, North Carolina, saying that recent legislation passed in the state undercuts the rights of lesbian, gay, bisexual and transgender people. PayPal Holdings Inc.

Charlotte, NC – the next fintech hub?

BankNXT

Charlotte, NC – the next fintech hub? JP Nicols hosts author Brian Patrick Eha on this week's Breaking Banks episode, where they talk about cryptocurrency and bitcoin. on BankNXT. Fintech Payments Podcasts bitcoin Breaking Banks Brett King cryptocurrency Dave Birch JP Nicols Rachel Morrissey

F.N.B. Hires N.C. Banker to Lead New Charlotte Office

American Banker

in Pittsburgh has hired an executive to lead its new Charlotte, N.C., F.N.B. office after it completes its deal for Yadkin Financial. breaking_news dealmaking-strategy people m-a commercial-lending pa nc community-banking

FinTech Startups in Charlotte Present their Innovations to PayCLT

Let's Talk Payments

On May 6th the PayCLT event showcased ten FinTech startups and allowed their founders an opportunity to pitch their companies and answer questions posed by the industry experts in the. Accelerators Cards Commerce Fintech Payments insights US

B of A, Wells Tell Charlotte Workers to Stay Home Amid Unrest

American Banker

Big banks in Charlotte, N.C., on Thursday told employees to work from home, following a second night of unrest in the city. breaking_news nc national-regional

In Pursuit of a Better Payment System [payCLT Meeting in Charlotte]

Let's Talk Payments

As the payCLT meeting in Charlotte resumed today, Federal Reserve Banks have come up with five strategies for building a faster and safer payment ecosystem. Why pursue a payments improvement. Authentication Banking Cybersecurity Fintech Fraud / Risk Insights insights US

AI-Powered Fraud Scoring in Emerging Payments [payCLT Event in Charlotte]

Let's Talk Payments

As the series of payCLT events in Charlotte continue to roll out, another one was held on April 15 with Todd Clark, General Manager of First Data’s STAR Network, as the guest speaker. Analytics Apple Pay Commerce Data Analysis EMV Fintech Fraud / Risk Innovation Insights Money Transfer NFC Payments First Data insights US

Bionic Charlotte’s Web: Could Spiders Produce The Next Super-Strong Material?

CB Insights

The natural strength and toughness of spider silk makes it one of the most complex and fascinating materials on earth. And with a little chemical enhancement, researchers just created a version that’s three times stronger and ten times tougher.

Factors Driving Customer Adoption of Mobile Payments [payCLT Event in Charlotte]

Let's Talk Payments

As the series of payCLT events in Charlotte continue to roll out, another one was held on March 4, which covered adoption of mobile payments adoption, a discussion led by. Cards EMV Fraud / Risk Mobile Mobile Wallet insights US

Bank of Charlotte County in Va. Hires Next Chief

American Banker

said in a press release Friday that Dabney Gilliam, its chief administrative officer, will resign at the end of this month to join Bank of Charlotte County. American National Bankshares in Danville, Va., breaking_news people recruitment va community-banking

Visa Hiring Third Party To Look Into UK Payment Outage

PYMNTS

According to a report in CityAM.com , Charlotte Hogg, Visa’s Europe chief executive, wrote in a letter to the Treasury Select Committee that Visa is undertaking a “rigorous internal review” as well as having a third party investigate the matter. VISA Charlotte Hogg credit cards News Visa Visa Europe Visa Outage Visa UK What's HotVisa is gearing up to hire an outside party to investigate an outage in the U.K. of its card payment services.

EMV in the US: Are We There Yet? [payCLT Event in Charlotte]

Let's Talk Payments

The topic for the February 17th payCLT event was a panel discussion on “EMV: Fact vs. Fiction”. With a diverse set of speakers from various parts of the EMV ecosystem. Cards EMV Mobile NFC Payments insights payCLT US

Queen City Fintech Spring 2017 Accelerator Class Kicks off

Let's Talk Payments

Sponsors and Mentors Welcome 12 Companies to the Queen City CHARLOTTE, N.C. More than 100 people, from banking executives to entrepreneurs to civic leaders of Charlotte, gathered at HQ.

With HCS, Ally grows its point-of-sale loan capabilities

Bank Innovation

Ally Bank has confirmed the completion its acquisition of Health Credit Services, a Charlotte-based tech company that partners with medical providers to offer patients financing for products and services that aren’t covered by insurance.

Queen City FinTech Opens Applications for 2017 Accelerator Program

Let's Talk Payments

Charlotte, NC – Queen City Fintech begins accepting applications for its 2017 accelerator program Monday from October 3, 2016. Hundreds of financial technology, or FinTech, startups are expected to apply. Accelerators Fintech News Asia Europe news US

Queen City Fintech Welcomes 2017 Accelerator Class

Let's Talk Payments

Program received applications from over 25 countries Charlotte, NC – Almost 150 applied, only 12 were selected. Is the next PayPal, Lending Tree, or Square among them? We may find. Accelerators Fintech News news US

The Future of Digital Payments: Queen City FinTech Demo Day

Let's Talk Payments

On June 1, 2016, the Queen City FinTech Demo Day took place at the Fillmore in Charlotte, NC and gave area industry experts the forum to discuss the latest trends.

Role of Banks in the World of P2P and Digital Wallet Payments: A PayCLT Event

Let's Talk Payments

On Friday June 17, 2016, PayCLT reconvened in The Garage at Packard Place in Charlotte, NC for their bi-weekly meeting where local industry experts gather to discuss the latest trends.

Things worth reading: 15th March 2017

Chris Skinner

Bank of America Quietly Surpasses 20 Million Mobile Users

Bank Innovation

Charlotte, N.C.-based based Bank of America has passed the 20 million mark in active mobile users. No announcement was made, but a spokeswoman for the bank disclosed to Bank Innovation yesterday that the milestone has been crossed. The bank reported 19.6

Bank of America’s Head of Digital to Speak at Bank Innovation ’17

Bank Innovation

Achtner leads Bank of America’s Digital Banking Practice, responsible for the development and deployment of digital solutions for the Charlotte, N.C.-based Edward “EJ” Achtner, Bank of America‘s Head of Digital Banking – Strategy, Platforms, Innovation, and Partnerships, has joined the Bank Innovation 2017 speaker faculty.

Sizzle/Fizzle: Snap Earnings Sizzle, Bitcoin Fizzles

PYMNTS

Brick and mortar: Takes another hit as Charlotte Russe files for bankruptcy protection, and will shutter almost 20 percent of its 500 locations across the country. Charlotte Russe is in the midst of seeking a buyer, according to reports. Sizzle.

B of A Names Former DirecTV Exec to Its Board

American Banker

The Charlotte, N.C., company on Thursday appointed Michael White, former chairman and chief executive at DirecTV, effective immediately. breaking_news people nc national-regional

Southeast Fintech Venture Conference Announces Pitch Lineup

Let's Talk Payments

Major FinTech Hubs in the Southeast Represented Charlotte, NC – The inaugural Southeast Fintech Venture Conference Committee has selected the first batch of companies to pitch on November 20th. Fintech News Startups Asia Ceterus Europe Honeyfi LumoXchange Monotto news Payzer Trust Stamp UBack US

Why a Tiny Bank Rebranded Itself to Focus More on Millennials

American Banker

NewDominion Bank created a new slogan and marketing campaign to target younger prospects and newcomers to Charlotte, N.C. Only time will tell if the effort will succeed and help the bank survive on its own. dealmaking-strategy nc strategic-alternatives commercial-lending community-banking

Walmart Teams With Postmates To Deliver More Groceries To Homes

PYMNTS

In a press release , the companies said Postmates will help power Walmart’s Online Grocery Deliveries starting in Charlotte, North Carolina, and expanding into other markets in the next few months. With the help of Postmates , we’re making grocery shopping even easier by bringing the every day low prices of Walmart right to the front door of customers in Charlotte, with more areas to be added soon.”.

Fifth Third, Rust Belt Giant, Is Chasing Growth in the Carolinas

American Banker

The Cincinnati bank is looking to middle-market lending in the Charlotte area to fuel future expansion, CEO Greg Carmichael says. The timing may be right, given disruption from M&A, as well as the Wells Fargo scandal fallout.

Target Circle Loyalty Program To Go Nationwide In October

PYMNTS

19 in five cities: Kansas City, Phoenix, Denver, Indianapolis and Charlotte, North Carolina. Starting on Oct. 6, Target reportedly plans to bring its revamped loyalty offering nationwide. The Target Circle program offers birthday rewards as well as other personalized coupons, CNBC reported.

Things worth reading: 10th February 2017

Chris Skinner

AvidXchange: Crossing The Western Frontier

PYMNTS

What do Charlotte, NC, and Salt Lake City, Utah, have in common? A lot, if you ask AvidXchange CEO Michael Praeger — which is why the startup saw both locations as a great home base for operations in those respective parts of the country: Charlotte for the East Coast and now Salt Lake City for the West.

NewDominion in N.C. Hires President from Recently Sold Competitor

American Banker

NewDominion Bank in Charlotte, N.C., has a new president. The $325 million-asset bank said in a press release Wednesday that Tim Ignasher will also lead its commercial banking division. breaking_news community-banking

Things worth reading: 2nd March 2017

Chris Skinner

Park Sterling in N.C. Ends Loss-Sharing on $15.5M of Assets

American Banker

Park Sterling in Charlotte, N.C., has negotiated an early termination of loss-share agreements with the Federal Deposit Insurance Corp. for about $15.5 million in assets. breaking_news community-banking dealmaking-strategy fdic m-a nc national-regional

The Finanser’s Week: 27th February – 5th March 2017

Chris Skinner

It will only take you ten minutes, so … The latest news headlines … American Express: mettle fatigue – Financial Times Consumers have more choices than ever for high-end credit cards Mark Carney’s incoming deputy under fire for family links to Barclays Bank – The Telegraph Bank deputy Charlotte Hogg ‘must avoid conflicts of interest’ – BBC Charlotte Hogg, a new Bank of England deputy governor, must avoid conflicts of interest, say MPs.

Daily Data Dive: Investment Wrap Up

PYMNTS

million | Amount Bank of America plans to invest in Charlotte, NC, FinTech hub. From startups to blockchain and financial institutions, there has been a myriad of investing related news announced late this week. Here are the numbers: $2 billion | Amount Snapchat is predicted to lose in 2017. million | Amount of funding announced by food delivery startup JoyRun. $7 7 million | Series A funding for digital currency startup Ledger.

CommunityOne in N.C. Plans Annual Meeting as Sale Awaits Reg Approval

American Banker

CommunityOne Bancorp in Charlotte, N.C., has scheduled its annual meeting as it waits for regulators to sign off on its sale to Capital Bank Financial in Coral Gables, Fla. breaking_news dealmaking-strategy m-a integration fl nc community-banking

JPMorgan Chase to expand with 40 new branches in the US by 2022

The Paypers

(The Paypers) JPMorgan Chase has released the first details on new branches in North Carolina, including adding up to 21 branches in Charlotte in its 3-year expansion plan

Walmart Teams With Ford, Postmates For Delivery Program

PYMNTS

In a press release at the time, the companies said Postmates will help power Walmart’s online grocery deliveries starting in Charlotte, North Carolina and expanding into other markets in the next few months.

Carolina Premier Hires Director of SBA Lending

American Banker

Carolina Premier Bank in Charlotte, N.C., has hired Don Jackson from Community One Bank in Asheboro, N.C., as director of Small Business Administration lending, a new position at the bank. breaking_news people corporate-governance commercial-lending sba small-business nc sailthru-no-lead community-banking

Chase Plans Expansion In Top US Markets In 2019

PYMNTS

The new locations will include Charlotte, North Carolina; St. Chase has announced it is expanding its retail footprint into nine of the top American markets, as well as opening dozens of new locations in the greater Washington, D.C area, Philadelphia and Boston.

Retail Bankruptcies, Closures Faster This Year Than Last

PYMNTS

Last year’s lackluster holiday season contributed to 10 retailers filing for bankruptcy in 2019’s first quarter alone, including Payless, Gymboree and Charlotte Russe. Data shows that stores are closing or filing for bankruptcy this year at a faster pace than in 2018.

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