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Regional Banks Guide Corporates To Future-Proof Accounts Payable

PYMNTS

People’s United Bank, which operates across Connecticut, southeastern New York state, Massachusetts, Vermont, Maine and New Hampshire, recently demonstrated the growing interest of community banks to collaborate with FinTechs to expand their product offering — just as larger national and multinational financial institutions (FIs) do.

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Saving Main Street: College Towns Deal With Economic Devastation

PYMNTS

Almost overnight, colleges closed their doors, sent their students home, suspended construction projects, and cancelled sporting events, graduations, and reunions — at enormous cost not only to the colleges themselves but to their home communities. Amherst, Massachusetts is one of those towns.

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

PYMNTS

Bank Branch Closings Take Toll On Rural Communities. Rural communities with lower incomes or a higher percentage of minorities experienced the most closings, losing 1,553 bank branches in 794 counties, a decline of 14 percent. Urban areas, however, lost only 9 percent of offices in 802 communities.

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How Spend Tools Feed Food Banks’ Need For Accountability

PYMNTS

These organizations face increased demand during the holidays — when they deliver food to communities in need. Among the nonprofits working to feed local communities this holiday season is the The Greater Boston Food Bank (GBFB) , which provides food services to 190 cities and towns in the eastern Massachusetts region.

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Mortgage applicants find cozy home at some credit unions

Abrigo

by geographic region , identifying the top 10 credit unions by mortgage loan volume for the Northeast, South, Midwest and South. • Alliant Credit Union, which offers services to the communities around O’Hare International Airport and based in Chicago, captured the top spot for the Midwest.

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Square Capital Distributed 76K PPP Loans Totaling $820M

PYMNTS

While our lending business has served Main Street small businesses for years, we knew that as our sellers and their communities were facing deep economic uncertainty, we could play a meaningful role in disbursing stimulus funds,” said Jacqueline Reses , the head of Square Capital, in a statement. “In

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Data Dive, Go Big Edition: Apple, Amazon And CloudKitchens

PYMNTS

The 350,000-square-foot facility is planned for Westborough, Massachusetts, a community roughly 35 miles west of Boston. The new facility will be in addition to the Amazon Robotics site already operating in North Reading, Massachusetts. We look forward to a strong partnership with Amazon Robotics,” she said.

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