Proposed Law Would Force Delaware Businesses To Accept Cash

PYMNTS

A new proposed law in Delaware would make it illegal for businesses to only accept cash, according to a report by the Associated Press. If the new Delaware bill is made into law, offenders could face up to $10,000 per violation. Legal Ban bill Cash cashless delaware Law Legislation News Payment Methods What's HotA bill was introduced on Tuesday (March 10) that would prohibit businesses from refusing to take cash during an in-store transaction.

Delaware Digs Into Blockchain’s Tech

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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.

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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

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.

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. Jack Markell said Monday. regulation technology digital-currency news regulation-compliance

The Bancorp warns of potential hit from ACH transaction

Payments Source

The Delaware company recently learned of a disputed transaction that could take a bite out of future earnings. Community banking Earnings ACH Delaware

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. breaking_news law-regulation fintech disruptors de bank-technology

WSFS to report 2Q gain from selling Visa stock

American Banker

The Delaware company said it received $22 million in net proceeds after selling 360,000 class B shares. Revenue streams Delaware Visa Community banks

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. A merger in Insurtech: Insurtech has its first rollup. Taking a pulse from POCs, read From a Blockchain based to a Blockchain inspired world, SWIFT could deliver verdict at Sibos. Insights on ICOs After The Gold Rush.

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

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

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 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

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

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

The Bancorp freed from 2014 consent order tied to BSA compliance

Payments Source

The order's removal allows the Delaware company to pursue more opportunities in its payments business. FDIC Compliance AML Community banks

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

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.

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

The Bancorp freed from 2014 consent order tied to BSA compliance

American Banker

The order's removal allows the Delaware company to pursue more opportunities in its payments business. FDIC Compliance AML Community banks

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. The solution is focused on easing the process of picking up prescriptions or payments by CVS Read More. Mobile Payments Technology Apple Pay CVS Health CVS Pay fintech Mobile Payments

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

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. Stripe offers global companies the ability to incorporate on U.S. Commerce Online Operations Payments Startups Technology Cuba embargo incorporation startups Stripe Stripe Atlas U.S. Embargo

Proposal Would Allow SMBs To Get Another PPP Loan 

PYMNTS

Cardin, the ranking member of the Small Business Committee, along with Senators Chris Coons (D-Delaware) and Jeanne Shaheen (D-New Hampshire) introduced the bill in the Senate. In conversations with small businesses up and down the state of Delaware, it’s become clear that many employers in vital sectors need more federal aid through the Paycheck Protection Program,” Coons said in a statement to Yahoo.

Bed Bath & Beyond Takes 1-800-Flowers To Court To Preserve Sale

PYMNTS

That didn’t fly with Bed Bath & Beyond, which said in a complaint in Delaware’s Court of Chancery that “even a calamitous event such as COVID-19 does not permit a party to avoid its obligations.”.

Maryland federal district court rules choice of law provision applies to effect of partial payment on statute of limitations revival in FDCPA lawsuit

CFPB Monitor

Dynamic Recovery Solutions LLC , ruled that the effect of a partial payment on revival of the statute of limitations was governed by the law of Delaware, the state designated in the choice of law provision in the plaintiff’s credit agreement, rather than the law of Maryland, the forum state. In Jennings , the plaintiff’s credit agreement contained a Delaware choice of law provision. A Maryland federal district court, in Jennings v.

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

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

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

LVMH Withdraws From Tiffany & Co. Acquisition

PYMNTS

9) that it filed a suit in Delaware to have the deal upheld and contended that LVMH was harnessing the letter as an excuse to withdraw from the agreement. “We At a time when the pandemic is reshaping the luxury industry, LVMH Moët Hennessy Louis Vuitton SE indicated on Wednesday (Sept.

Chase To Debut New Freedom Flex With Mastercard, Upgrades To Freedom Unlimited Card

PYMNTS

15 , the Wilmington, Delaware-based financial institution will introduce the Freedom Flex card and will upgrade the cash-back offerings for its existing Freedom Unlimited card. Chase has introduced a new credit card and improved the cash incentives for another. Starting Sept.

Ubitquity, the Blockchain-Secured Platform for Real Estate Transactions, Partners With ‘Bithouse’ for Title Recording

Let's Talk Payments

Dover, Delaware, USA – June 3, 2016 – Ubitquity LLC, a. Ubiquity, the blockchain-powered real estate platform is providing title recording for BITHOUSE; a modular prefabricated house sold for cryptocurrency. Banking blockchain Commerce Fintech Innovation News Payments Settlement Virtual Currency news US

NYC Quarantine Violators Could Face Fines Of Up To $10K

PYMNTS

The rules require anyone traveling from Alaska, Indiana, Delaware, Maryland, Missouri, Montana, North Dakota, Nebraska, Virginia and Washington to quarantine for 14 days before being allowed to travel freely in those states. . Visitors to New York City who are caught coming from states with high rates of COVID-19 could be assessed a hefty fine due to a new state quarantine order. Mayor Bill de Blasio said on Wednesday (Aug.

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