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First Citizens, CIT Group Merger Will Create $100B Bank

PYMNTS

“This is a transformational partnership for First Citizens and CIT, designed to create long-term value for all of our constituents, including our stockholders, our customers, our associates and our communities,” said Frank Holding Jr. chairman and CEO of First Citizens, roles he will keep in the combined company. .

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Apple To Shutter 30 More US Stores Again Amid Pandemic

PYMNTS

A representative of the tech company said, per the report, “Due to current COVID-19 conditions in some of the communities we serve, we are temporarily closing stores in these areas. Their reclosures reportedly are a negative barometer of the ease with which retail operations are able to resume throughout the country.

Apple 131
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Uber Freight Rolls Out Platform For Shippers To Access Its Network

PYMNTS

Companies like American Tile & Stone and Premier Packaging have already begun using Uber Freight to improve their shipping operations, and we’re excited to now roll out the platform widely to our freight community,” the company wrote in the blog post.

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Remote Seller Taxation: A Job For Tax Automation

PYMNTS

Aftershocks from the South Dakota v. Wayfair Supreme Court decision continue to rattle online merchants, as three states (California, Louisiana and South Carolina) are now trying to collect eCommerce sales tax retroactively, as far back as five years. To date 43 states and Washington, D.C. Implementation.

Taxes 130
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Do We Care About Leadership?

Jeff For Banks

On a recent plane ride I sat next to the Commander of the NCO Academy at Fort Jackson, South Carolina (see picture from one of last year''s classes). He is a reservist, and had interesting perspectives on how the military operates versus private industry. In his "real life", he is a sales manager for a pharmaceutical company.

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Top 5 Total Return to Shareholders: #4 Bank of the Ozarks

Jeff For Banks

Bank of the Ozarks began in 1903 as a small community bank in Jasper, Arkansas, and by 1937, included an additional bank in Ozark, Arkansas. Since that time, the company has grown to more than 100 locations throughout Arkansas, Texas, Georgia, North Carolina, South Carolina, Alabama and Florida.

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The Role of Data in Managing Fraud and Financial Crime Today

FICO

In case you missed it, FICO World 2022 was a very welcome return to in-person learning and networking for the global fraud detection and financial crime-fighting community. Julie and I kicked off our discussion with two essential questions: “How does the pandemic change the way banks operate, from a fraud perspective?” TJ holds a B.S.

Fraud 52