Florida’s Spring Breakdown

PYMNTS

The deluge of college students that flood into Florida each year for spring break is such a regular occurrence that they’ve become something of a seasonal indicator. In the wake of the spread of the coronavirus , municipalities have closed Florida’s largest and most popular beaches in Ft.

Florida Retail Reopening Fails To Draw Consumers

PYMNTS

Retail reopening events continued to draw light foot traffic on Monday, as Florida joined Texas in allowing non-essential stores to reopen. Florida granted permission for stores to reopen Monday (May 4), the first phase of a return from the coronavirus lockdown.

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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.

Disney Urged To Postpone Reopening Florida’s Walt Disney World

PYMNTS

Disney may have thought reopening Walt Disney World in Orlando, Florida next month was a good idea. Retail B2B B2B Payments Consumer Spending Coronavirus disney Florida News Tourism Walt Disney World What's Hot

Florida Is Latest State To Pass Autonomous Car Law

PYMNTS

Florida governor Ron DeSantis has signed a bill that allows autonomous cars to operate on the roads without requiring a human being to be behind the wheel, according to reports. Florida is now the third state to pass such a law, behind Texas and Michigan.

Waymo To Test Autonomous Vehicles In Florida

PYMNTS

Waymo plans to test autonomous vehicles in the rainy conditions of Florida, according to a report. Additionally, Florida residents will start seeing a few of our vehicles on highways between Orlando, Tampa, Fort Myers and Miami as we learn about Florida roads.”.

Florida trust company applies to become a state-chartered bank

American Banker

Capital Florida De novo institutions Community banksCypress Trust Co. has requested deposit insurance from the Federal Deposit Insurance Corp.

Florida City Pays Hundreds Of Thousands To Hackers

PYMNTS

One small Florida city has had to pay cybercriminals thousands of dollars in ransomware. Security & Fraud Cyberattack Cybercrime cybercriminals Florida Hackers Lake City News ransom ransomware What's Hot

Florida State University Credit Union Has Top-Rate 3-Year CD

BankDeals

Florida State University Credit Union (FL panhandle) is currently offering a competitive 36-month CD. $1k 1k minimum opening deposit. One-time rate bump available

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

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.

Dennis Hudson retiring as CEO of Seacoast in Florida

American Banker

Florida Growth strategies Succession planning Community banksChuck Shaffer will take the helm in December, becoming the first leader outside of the Hudson family since the bank's formation in 1926.

Zillow Brings Fast Cash Home Selling Platform To South Florida

PYMNTS

Home sellers in Miami, Fort Lauderdale and other parts of South Florida now have the option of getting a cash offer from Zillow to buy their house, the company said in a press release.

United Community enters new Florida markets with Three Shores deal

American Banker

The Georgia company will expand into central and southern Florida by buying the parent of Seaside National Bank & Trust. Florida M&A Growth strategies Community banks

Small Business Resiliency in South Florida

PopularBank

With South Florida Region Executive Israel Velasco. Nonessential businesses were forced to close their doors and unemployment in South Florida has outpaced much of the United States. This activity signals promise for South Florida.

Florida de novo gets FDIC approval

American Banker

Florida Community banking De novo institutions Regulatory actions and programsOrganizers of Gulf Atlantic Bank must raise $12 million in capital before opening.

Beach Community buying First City in Florida through bankruptcy process

American Banker

Executives at Beach Community want to pursue more acquisitions in central Florida. Community banking M&A Commercial lending Bankruptcy Florida

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.

Coronavirus undermines de novo bank effort in Florida

American Banker

Capital Florida Coronavirus De novo institutionsOrganizers of Coastal Community Bank withdrew their application after the pandemic disrupted efforts to raise capital.

Seacoast expanding in western Florida with Fourth Street acquisition

American Banker

Community banking M&A Capital FloridaThe company will pay $64 million to significantly increase its scale in the Tampa Bay area.

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Amerant in Florida discloses loan exposure to coffee trader

American Banker

Florida Credit quality Community banks Loan-loss provisionsThe company said it recorded a large loan-loss provision in the second quarter to reflect Coex Coffee International's pending liquidation.

Professional Holding in South Florida plans $75M initial public offering

American Banker

Community banking IPOs Capital M&A FloridaThe company, which has agreed to buy Marquis Bancorp, could use some of the proceeds to fund growth and pay off a line of credit.

McDonald’s Testing Out Breakfast Catering In Florida

PYMNTS

McDonald’s is testing out a breakfast catering service in Central Florida in an attempt to compete with eateries like Panera Bread. The service is available at all 195 restaurants in Central Florida, and during breakfast hours only. Delivery Fast food Catering McDonald's McDonalds Catering McDonalds Delivery McDonalds Florida News Retail Uber Eats What's Hot

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.

FDIC approves application for Florida de novo bank

American Banker

FDIC Capital Florida De novo institutions Community banksOrganizers of Coastal Community Bank must raise $19.5 million before opening.

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 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 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.

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.

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 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.

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.

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.

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.