Florida Prisons Delete $11M Worth Of Inmate Music Purchases

PYMNTS

Following a switch in contractors that reportedly caused prisoners to lose access to music that they purchased, an inmate in a Florida prison is suing the Florida Department of Corrections (FDOC) in a class action suit.

Blockchain, Bitcoin In Space. Also, Florida

Bank Innovation

Payments Startups Technology Virtual Currency Bitcoin BlockChain Cloud Constellation Florida Ripple SolarCoin SpaceBeltYou might have seen Ripple’s news yesterday, but turns out that is not the only big development in blockchain this week—it’s now exploring the final frontier.

Starbucks Delivery Lands In South Florida Thanks To Uber Eats

PYMNTS

South Florida residents will be able to get Starbucks food and drinks delivered thanks to a new partnership with Uber Eats. According to a report in the South Florida Business Journal , the partnership between Starbucks and Uber Eats in South Florida kicked off earlier this week, enabling people to order from 100 stores. Delivery coffee delivery Florida News starbucks Uber Eats What's Hot

Two Alleged Hackers Indicted In Florida For Lynda Breach

PYMNTS

Following a data breach at learning platform Lynda in 2016, two hackers were indicted in Florida this month on charges of extortion and hacking. One alleged hacker lived in Florida, while the other was a Canadian citizen who was a Toronto resident, according to reports.

American Dream Miami Receives Approval From Florida Officials

PYMNTS

million-square-foot American Dream Miami — potentially the most expensive mall ever built — has received approval from officials in a Florida county. Retail American Dream Miami brick and mortar Florida malls News real estate shopping What's HotThe 6.2 The project, which is being developed by Triple Five Worldwide Group of Companies , is estimated to come at a cost of $4 billion, The Wall Street Journal reported. While the project was originally slated to have 1.5

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Walmart Plans $200M Investment In Florida

PYMNTS

To drive new-store construction and innovations, Walmart is planning on investing an estimated $200 million in its Florida business. Elise Vasquez-Warner, a vice president and regional general manager for Walmart in Florida, said, “Customers have told us they want the convenience of shopping how, when and where they want. And, though the retailer’s Pickup Tower is available at more than 15 Florida Walmart stores, the company plans to expand that service as well.

Central Florida Educators to Acquire Florida Bank

Keith Leggett's Credit Union Watch

Central Florida Educators Federal Credit Union (Lake Mary, FL) has announced a deal to acquire Fidelity Bank of Florida (Merritt Island, FL). Central Florida Educators Credit Union has $1.9 Fidelity Bank of Florida has $174 million in assets and two offices -- one in Seminole County and the other in Brevard County. billion in assets. The transaction, which awaits regulatory and shareholder approval, is expected to be completed in the third quarter of 2019.

Florida remains hotbed for deals between credit unions, banks

BankThink

Fairwinds Credit Union's deal for Friends Bank marks the third time this year that a Florida bank has agreed to be sold to a credit union. Community banking Credit unions M&A Florida

McDonald’s Tests Delivery In Florida

PYMNTS

Retail delivery Florida food delivery McDonald's UberEATSWhoever said, “You can’t teach an old dog new tricks” probably feels a bit silly right now. That’s because 2017’s newest addition to the food delivery space isn’t your average plucky, cleverly named startup with a mobile app and a dream. It’s legacy fast-food giant McDonald’s.

Whole Foods Prime Loyalty Program Launches In Florida

PYMNTS

The program is now being offered in Florida and will be expanded to other Whole Food stores during the summer. Amazon.com is stepping up its battle for grocery store dominance, launching a new loyalty program with Whole Foods for Prime customers on Wednesday (May 16). According to a report in Reuters , the much-anticipated program gives Prime members 10 percent off hundreds of items and deals on weekly specials that rotate.

Florida Man Charged In Connection With Illegal Bitcoin Exchange

PYMNTS

prosecutors late last week charged a Florida man in connection with an illegal bitcoin exchange. According to a report by Reuters , Ricardo Hill, 38, was arrested in Florida in October and charged with conspiring to operate an unlicensed money transmitting firm. was operated by Anthony Murgio of Florida and owned by Gery Shalon, the Israeli accused of being behind the JPMorgan hack and that of other companies.

Florida Man Sentenced For Processing More Than $10 Million In Illegal Bitcoin Transactions

PYMNTS

A Florida man was sentenced to 5 1/2 years in prison for helping criminals process millions of dollars in illegal bitcoin transactions. Murgio, his father and another man admitted to operating a fake Florida-based business called the Collectables Club, which allowed criminals to buy bitcoins to launder their money under the pretense they were buying stamps and sports memorabilia.

Florida Man Robbed Trying To Buy Bitcoin

PYMNTS

According to a report , a man in Florida was allegedly robbed at knifepoint while trying to sell $28,000 in bitcoin. The 32-year-old resident of Lake Worth, Florida, Steve Manos, set up a meeting with two people in West Palm Beach to sell the bitcoin for cash. million from two Florida men who were allegedly involved in the case. While computer breaches and malicious emails are commonplace online, when it comes to bitcoin, it can also be dangerous offline in the real world.

Florida Bitcoin Exchange Schemer Gets 16 Months

PYMNTS

A software engineer from Florida was slapped with a 16-month prison term late last week after a court found him guilty of scamming to aid an illegal bitcoin exchange. In November, Ricardo Hill , who was arrested in Florida a month prior, was also charged with conspiring to operate an unlicensed money transmitting firm.

Organizers plan bank in central Florida

BankThink

Silver River Community Bank is the fifth de novo in Florida to apply with the FDIC in the last three years. Community banking De novo institutions Capital FDIC Florida

Walmart Opens State-Of-The Art Online Fulfillment Center In Florida

PYMNTS

Walmart has opened a massive eCommerce fulfillment center in Florida, creating 1,500 jobs and enabling faster shipping to customers or to stores for free pickup. This facility is the sixth addition to the next-generation fulfillment network that Walmart is building to support its eCommerce business and is part of a $450-million investment the retailer is making in Florida in 2017-18.

Bank deal to boost Central Florida Educators FCU's business lending

BankThink

credit union has agreed to buy Fidelity Bank of Florida, which the SBA designated as a certified lender in 2017. M&A Consolidations Integrations Strategic buyers Community banking FloridaThe Lake Mary, Fla.,

Walmart Busts Florida’s Dumbest Retail Scam (So Far This Week)

PYMNTS

While we at PYMNTS.com would never applaud crime, we do have to credit Cheyenne Amber West of Fort Pierce, Florida, with boldness for her recent attempts to scam Walmart of more than $1,800 in consumer electronics. Since he just got me a Coach purse, I figured he deserved something nice as well,” West reportedly told a Florida deputy.

Venezuelan bank spins off Mercantil in Florida

BankThink

The transaction was set up to give Mercantil more autonomy to expand in South Florida, Houston and New York. Community banking Capital Growth strategies Florida Venezuela

Vystar CU to Acquire Florida Community Bank

Keith Leggett's Credit Union Watch

billion in assets and serves 49 counties in Central and North Florida and 4 counties in Georgia. VyStar Credit Union (Jacksonville, FL) announced it has signed an Agreement and Plan of Merger to acquire Citizens State Bank (Perry, FL). Citizens State Bank has four branches and over $280 million in assets. Vystar Credit Union has more than $8.2

First Citizens adding branches in South Florida with Biscayne acquisition

BankThink

M&A Regional banks Community banking Growth strategies North Carolina FloridaThe North Carolina regional bank will gain four locations and $834 million in loans.

Another group plans de novo in Florida

BankThink

Gulfside Bank, which would be based in Sarasota, is angling to become southwest Florida's first new bank in a decade. Community banking De novo banks Capital FDIC Florida

Private investor to buy Florida bank

BankThink

Community banking M&A Capital Florida TennesseeByron DeFoor, who already has majority stakes in two community banks, is planning to buy First Columbia Bancorp.

Mercantil Bank in South Florida to rebrand as Amerant

BankThink

Community banking Marketing Growth strategies FloridaThe change comes two months after the bank was spun off from its Venezuelan parent company.

Mastercard and Florida Capital Bank deliver real-time disbursements

The Paypers

(The Paypers) Mastercard has teamed up with Florida Capital Bank to facilitate real-time disbursements of funds to branded debit cards in the US

Florida and New York Clash

New York's State of Mind

Earlier this week, the Court of Appeals for the 11th Circuit, which has jurisdiction over Florida, invalidated a state statute that made it a misdemeanor to impose a surcharge […]. Legal Watch New York State credit card surcharge Florida Supreme CourtI knew that would get your attention. The clash to which I am referring has to do with the legality of statutes banning credit card surcharges.

Why Synovus is betting big on Florida — again

BankThink

Florida created headaches for the Georgia company during the financial crisis. Community banking M&A Integrations Regional banks Florida GeorgiaIncreased discipline, and wholesale changes to banking, make the $3 billion purchase of FCB Financial less risky, CEO Kessel Stelling says.

Pro-pot Florida candidate says Wells Fargo shut her account

BankThink

A Florida politician who has run a pro-medical marijuana campaign said Wells Fargo closed her account over her ties to the industry, adding that the incident was an example of the challenges legal cannabis businesses face from the U.S. Marijuana banking Wells Fargo Florida

Jaggaer to provide source-to-pay solutions for Florida university

The Paypers

(The Paypers) US-based spend management company Jaggaer has announced it is implementing a source-to-pay suite for Florida International University

Credit union in Michigan to buy bank in Florida

BankThink

Lake Michigan Credit Union’s deal for Encore Bank would give it a total of 10 branches on the Florida Gulf Coast. M&A Credit unions Community banking Florida Michigan

Seacoast in Florida to Buy Gulfshore Bancshares

American Banker

of Florida in Stuart has agreed to buy GulfShore Bancshares in Tampa, Fla. Seacoast Banking Corp. breaking_news community-banking m-a fl dealmaking-strategy

Tampa 68

Why was Synovus the sole bidder on a large Florida bank?

BankThink

M&A Regional banks Community banking FloridaSeven other banks passed on a chance to bid on FCB Financial, perhaps showing the small pool of large buyers eager to make a big commitment to the Sunshine State.

Florida bankers breathe sigh of relief after Irma strikes

BankThink

Community banking Regional banks Disaster planning Disaster recovery Crisis management Branch network Florida GeorgiaThe hurricane was expected by many to deliver catastrophe. Instead, bankers are largely looking to restore power and confirm the status of employees.

National Commerce adds heft in Florida with Premier Community purchase

BankThink

M&A Community banking Capital Growth strategies Florida AlabamaThe Alabama company will enter Sarasota, Fla., after buying Premier for $52 million.

New Florida law will loosen small-dollar lending rules

BankThink

It makes Florida the first state to pass a law designed to blunt the impact of the CFPB’s payday lending rule. Payday lending Small-dollar lending Financial regulations Underbanked Rick Scott State of Florida CFPBThe legislation, signed Monday by Gov. Rick Scott, authorizes 60- to 90-day loans of up to $1,000.

Florida poised to enact workaround to CFPB payday rule

BankThink

Rick Scott signs it, Florida would become the first state to pass a law designed to blunt the impact of the CFPB’s crackdown on high-cost consumer loans. Payday lending Underbanked Consumer lending Finance, investment and tax-related legislation Rick Scott State of FloridaThe legislature has passed a bill that would allow lenders to make installment loans that, in many cases, would be more costly than payment loans. If Gov.

Florida Conference AME Church FCU Closed

Keith Leggett's Credit Union Watch

The National Credit Union Administration (NCUA) liquidated Florida Conference AME Church (FCAMEC) Federal Credit Union of Tallahassee, Florida. Gulf Winds Federal Credit Union, of Pensacola, Florida, has assumed the members and deposits of the former Florida Conference AME Church Federal Credit Union. Florida Conference AME Church Federal Credit Union served 560 members and had assets of $1,760,664 at the end of 2016.

CenterState to Buy Gateway Financial in Florida

American Banker

has agreed to buy Gateway Financial Holdings of Florida in Daytona Beach. CenterState Banks in Winter Haven, Fla., breaking_news m-a community-banking dealmaking-strategy

Credit union with IBM ties buys Florida bank

BankThink

Community banking M&A Growth strategies FloridaMackinac Savings Bank is the first bank acquisition for IBM Southeast Employees’ Credit Union.

A second cross-Florida M&A deal for Seacoast

BankThink

The bank, based on the east coast of Florida, is bulking up on the Gulf. M&A Community banking FloridaIt has agreed to buy NorthStar Bank in Tampa a month after buying another bank in the same city.

Tampa 40

Proposed Florida de novo clears key regulatory hurdle

BankThink

De novo banks Capital Growth strategies FloridaThe Office of the Comptroller of the Currency has given preliminary conditional approval for Winter Park National Bank, allowing organizers to work on office space, hire staff and raise capital.

Is Bitcoin Money? Florida Judge to Decide

Payments Source

WASHINGTON — Whether bitcoin is actual currency is at the forefront of a first-of-its-kind money-laundering case in Florida to be decided Friday.

Florida gun maker told to find new bank, CEO claims

BankThink

Fifth Third has allegedly informed Spike's Tactical that its accounts would not be renewed. Commercial banking Regional banks Fifth Third Bancorp Fifth Third