Delaware Digs Into Blockchain’s Tech

PYMNTS

Delaware, a state also known for incorporating most public companies, is eyeing the blockchain. This is something we’re very interested in,” Delaware Governor Jack Markell said in an interview with The Wall Street Journal. “We The state whose claim to fame is being the first state in the Union in 1787 might soon get a little more tech-savvy.

Delaware to Push Blockchain, Smart Contract Technologies

American Banker

Delaware, whose business-friendly laws have lured more than half the country's publicly traded corporations and more than 60% of the Fortune 500 to incorporate in the state, is now vying to become a hub for blockchain technology.

Delaware enacts law providing financial relief to federal employees impacted by shutdowns

CFPB Monitor

On January 23, Delaware Governor John Carney signed the “ Delaware Federal Employees Civil Relief Act ” into law. The Act states that its purpose “is to provide for the temporary suspension of judicial and administrative proceedings in Delaware that may adversely affect the civil rights of Federal workers during a shutdown.” We are hopeful that Delaware’s Attorney General or Department of Banking will issue guidance on the Act.

Norwood Financial to Buy Delaware Bancshares in N.Y.

American Banker

has agreed to buy Delaware Bancshares in Walton, N.Y. Norwood Financial in Honesdale, Pa., breaking_news dealmaking-strategy community-banking

Delaware Gov. Pledges 'Balanced' Approach to Blockchain Regulation

American Banker

The state of Delaware is looking to avoid prescriptive regulations when it comes to supervising blockhain companies, but instead be mindful of how the industry actually works, Gov. Jack Markell said Monday. breaking_news law-regulation bank-technology

WSFS in Delaware warns of higher 2Q credit costs

BankThink

Community banking Credit quality Earnings DelawareThe company disclosed that net charge-offs will spike due to issues with loans to a health care facility and a refinery.

The Bancorp freed from Fed order tied to capital management

American Banker

Community banking Capital Enforcement actions Federal Reserve FDIC DelawareThe supervisory letter had required the company to get Fed approval before issuing debt, paying dividends or making quarterly payments on its trust-preferred securities.

Delaware Gov. Pledges 'Balanced' Approach to Blockchain Regulation

Payments Source

The state of Delaware is looking to avoid prescriptive regulations when it comes to supervising blockhain companies, but instead be mindful of how the industry actually works, Gov.

Wrap of Week #27: Watson, Wildcard, Xinjia, Douugh, Knip, Komparu, Swift, ICOs, Delaware, Smart contracts

Daily Fintech

The BBC Monday briefing offered insights on Regulation from Delaware, hackers from the East and smart contracts on Bitcoin. AI is everywhere: Machine learning for actively-managed ETFs. A landscape snapshot of Who’s who in the new Aussie consumer bank zoo.

Local michael kors handbags pharmacy ma delaware mistake in dosages

Gonzobanker

Local michael kors handbags pharmacy ma delaware mistake in dosages for polo horses. “Push an order from a professional, franck’s supermarket prepared medication that was throughout to treat the 21 horses on the louis vuitton sale lechuza polo team as”Jennifer beckett, t your boyfriend pharmacy–S serious operations officer. !Said

A Delaware firm taps blockchain to breathe life into Asia's open commerce push

Payments Source

A Delaware company's plotting to use blockchain to blow the lid off of supply chain inefficiencies and be the main catalyst behind Asia's burgeoning open markets and electronic payments initiative. Blockchain Payment processing Asia

WSFS Financial to Buy Investment Adviser in Delaware

American Banker

WSFS Financial in Wilmington, Del., has agreed to buy the assets of Powdermill Financial Solutions in Wilmington. breaking_news community-banking dealmaking-strategy

The Bancorp in Delaware Facing SEC Probe, IRS Audit

American Banker

The Bancorp in Wilmington, Del., is being investigated by the Securities and Exchange Commission for restating more than three years of financial statements. breaking_news de community-banking

Delaware to use blockchain technology

The Paypers

(The Paypers) Delaware has announced the plan of using of blockchain technology to move more of its paperwork to cheaper systems

WSFS in Delaware taps insider Levenson as next CEO

BankThink

Career moves C-suite Succession planning Corporate governance DelawareMark Turner will step down as CEO of WSFS but remain chairman and Rodger Levenson, its chief operating officer, will replace him.

Wyoming Lures Crypto Companies With Friendly Laws

PYMNTS

The more traction and the more ground we can gain toward Delaware, the better for the state of Wyoming.” He was referring to Delaware’s friendly stance on LLCs. James Row, a registered broker who worked with the Wyoming Blockchain Coalition, told Bloomberg he filed the paperwork for a new blockchain company with the state and is mulling moving some of his 11 other businesses registered in Delaware to Wyoming. “It’s

Who owns what, really? In securities, Delaware may soon clear things up

BankThink

Delaware corporations will soon be able to issue shares on a blockchain. Blockchain Securities law Securities Bank technology DelawareBeyond the capital markets, the move has implications for the way banks stake their claims to collateral.

The Bancorp in Delaware Swings to Loss, Hit by AML Costs

American Banker

The Bancorp in Wilmington, Del., swung to a first-quarter loss on higher costs to review and improve its compliance with anti-money-laundering laws. breaking_news performance de sailthru-no-lead community-banking

Santander To Pay $25M To Resolve Auto Loan Allegations

PYMNTS

million to Delaware — to resolve predatory subprime auto loan allegations. “I Legal allegations auto loan Banco Santander delaware legal Massachusetts News Santander settlement spain Subprime Auto Loan What's HotSantander Consumer USA Holdings Inc, a unit of Spain’s Banco Santander, will pay nearly $25 million to two U.S. states — $22 million to Massachusetts and $2.87

Delaware blockchain measure seeks to change 'very base' of financial system

BankThink

Private companies incorporated in Delaware could start issuing and tracking shares of stock on a distributed ledger this summer. Distributed ledger technology Blockchain Cryptocurrencies Bank technology

The Bancorp's risky CRE pivot

BankThink

The Delaware company, best known for issuing prepaid cards, has ramped up commercial real estate securitizations. CRE Community banks Multifamily Growth strategies DelawareThe shift promises to deliver big fees, but it could also cause headaches if defaults spike.

Cards 12

WSFS combines two businesses to form equipment finance division

BankThink

The Delaware company said newly formed NewLane Finance will use "advanced technologies" to provide expedited financing decisions. Community banking Commercial lending M&A Delaware

CVS Health Launches Barcode-Based CVS Pay

Bank Innovation

Friday, CVS Health launched its new end-to-end mobile payment app, CVS Pay, for select stores in New York, New Jersey, Pennsylvania, and Delaware. For anyone who has to fill prescriptions, there’s an app for that — finally.

Blockchain Bitcoin & Crypto Weekly CXO Briefing for week starting 10th July 2017

Daily Fintech

News Item 1: Delaware House Passes Historic Blockchain Regulation. Decrypted : Delaware passed a landmark blockchain legislation that recognizes the trading of stocks using blockchain technology. Delaware is the home to more than 66% of Fortune 500 companies, 85% of IPOs, and where many private companies and startups incorporate. This new bill, legally recognizes stock ledgers and other business records on blockchain, for companies incorporated in Delaware.

WSFS to jump over $10B threshold with Beneficial acquisition

BankThink

The Delaware plans to reinvest savings from the $1.5 Community banking M&A Digital banking Capital Growth strategies Pennsylvania Delawarebillion acquisition to upgrade technology and delivery channels.

State incorporation laws: Good for crooks, bad for banks

BankThink

KYC AML DelawareThe allowance by some states for companies to incorporate without disclosing beneficial owner information significantly hampers anti-money-laundering efforts and drives up bank costs.

Visa stock sale, insurance recovery to boost 3Q earnings at WSFS

BankThink

The Delaware company said it recouped nearly two-thirds of the costs it incurred as part of a legal settlement reached earlier this year. Community banking Earnings Capital Delaware

Stripe Atlas Offers Cuban Startups a Virtual Home on U.S. Soil

Bank Innovation

soil, Delaware Read More. International payments were something a weakness for payment processor Stripe, but the launch of Stripe Atlas has changed that. In the latest and most dramatic example of Stripe’s new business, look no farther than 90 miles off the Florida coast.

WSFS Financial, SoFi to offer cash management account

BankThink

The Delaware bank will process payments and provide debit card sponsorship services for SoFi Money, which is set to debut next year. Community banking Fintech Cash management Delaware

Relief Coming for Banks Fearing Merger-Related Litigation

American Banker

Several court decisions in Delaware could make it harder for shareholders to sue banks following a merger announcement. national-regional community-banking m-a consolidation dealmaking-strategy

The Bancorp in Del. sells retirement account portfolio

BankThink

Community banking Deposits M&A Retirement income DelawareThe sale includes 160,000 accounts and more than $400 million in deposits.

This N.C. bank is going to great lengths to avert hostile takeover

BankThink

KS Bancorp wants to become a corporation in business-friendly Delaware, which would be more likely to back its defensive-minded share-rights plan. Community banking M&A Corporate governance North Carolina Delaware

Judges Deal Blows to Shareholders Filing 'Nuisance' M&A Suits

American Banker

Several court decisions in Delaware could make it harder for shareholders to sue banks following a merger announcement. national-regional community-banking m-a consolidation dealmaking-strategy

WSFS in Del. settles lawsuit inherited from bank it bought in 2010

BankThink

Community banking Elder fraud Lawsuits DelawareThe $12 million settlement forced WSFS to reduce its fourth-quarter earnings.

Seaboard and Victus offer to buy out Unga shareholders

Bankelele

Seaboard Corporation of Delaware, acting in conjunction with Victus Limited, the majority owner of Unga Group, has offered to buy out other minority shareholders at Kshs 40 per share and de-list the company shares from the Nairobi Securities Exchange.

Santander Consumer agrees to $26M settlement with state AGs

BankThink

The subprime auto lender funded loans through a group of car dealers that it knew had track records of high default rates and fraud, authorities in Massachusetts and Delaware said. Auto lending Subprime lending Compliance Consumer lending Delaware Massachusetts

Alleged customer fraud hits WSFS earnings

BankThink

Community banking Tax deferments DelawareThe company will also record a charge tied to the impairmant of its deferred-tax asset.

WSFS broke the mold with its latest deal. Other banks should take note

BankThink

Bankshot Community banking M&A Digital banking Growth strategies Delaware PennsylvaniaMerger announcements typically follow a tried-and-true formula of cutting costs to boost profit. WSFS, however, plans to reinvest $32 million in new tech initiatives after buying Beneficial.

Takeover, makeover: How Beneficial deal will fund WSFS tech revamp

BankThink

Community banking M&A Capital Digital banking Delaware PennsylvaniaWhile most acquirers are content to let cost savings trickle down to the bottom line, WSFS will use the purchase of Beneficial to reinvent itself.

When severe cold weather bites ? the ATM becomes more important

NCR

A wave of winter storms threatened cities from Texas to Delaware recently. When the forecast calls for severe cold and snow, it means a real risk that many bank branches could close temporarily. And last week when much of the northeastern U.S. was hit by up to two feet of snow, cities like New York and Boston went into lock down

 Ransomware Gains Traction, UK BEC Fraud Spikes

PYMNTS

Separately, a federal grand jury has indicted a Maryland woman for allegedly bilking a Newark, Delaware medical practice of more than $320,000 through the use of a corporate credit card. Attorney’s Office, District of Delaware with one count of wire fraud.

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Excellence in teaching award pays huge classroom dividends

CU Insight

That changed, however, when Dan learned he had been nominated and won Delaware County Excellence in Teaching, which is awarded annually to 19 outstanding educators by Franklin Mint Federal Credit Union (FMFCU) Partners in Education.

Bancorp, continuing cost cuts, to sell European payments line

Payments Source

The Delaware company is also close to completing a compliance program to address anti-money-laundering and Bank Secrecy Act issues. Payment fees Payments Compliance European Union