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A digital-first bank for south Florida

Independent Banker

Banking veteran Keith Costello cofounded Locality Bank, where he serves as president and CEO, to champion for south Florida small businesses financially affected by the pandemic. Costello has also held senior roles at Bank of Florida, City National Bank and Nations Bank during his 30-year banking career. By Katie Kuehner-Hebert.

Florida 91
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Deploying Spend Management Technology To Rebuild After Disaster Strikes

PYMNTS

The paperwork and delays that employee expenses generate can strain any business’s operations. Barry Floyd, the firm’s chief financial officer, told PYMNTS in a recent interview that the company was particularly busy during 2016 and 2017, when Hurricanes Matthew and Irma hit the company’s home state of Florida.

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When B2B Payments Innovation Is All Talk, No Action

PYMNTS

It was only (relatively) recently that B2B payments finally secured significant attention and investment from innovators. Heistand, while Florida Funders, Loeb.nyc, Zach Coelius, Mobile Financial Partners and angel investors also participated in the funding.

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Branching Out: Physical Locations Boost CUs' Digital Plans

PYMNTS

The pandemic has cost more than 300,000 lives in the United States alone, and it has also challenged many institutions — such as credit unions (CUs) — that were never designed to operate on a primarily remote basis. The new cloud-based system can help FIs manage loans from origination and review to renewal and modification.

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Amazon To Open Robotics-Based Warehouse

PYMNTS

Amazon continues to make strides in its innovative eCommerce business. The retail giant has shared news that it will be opening a robotics-based warehouse in South Florida in 2018. The 850,000-square-foot facility will be staffed by robots, with 1,000 human workers handling operations.

Tampa 124
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After Hurricane Michael, Credit Unions Step Up To Boost Rebuilding Efforts

PYMNTS

Innovations Federal Credit Union of Panama City, Florida, for one, is helping members get back on their feet by offering a hurricane assistance loan program and waiving fees. One month after the hurricane made landfall, recovery efforts remain a tall task, said Innovations CEO David Southall.

Florida 181
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NEN Widens USAT Partnership For Cashless Payments Growth

PYMNTS

Cashless payments firm USA Technologies (USAT) is expanding its partnership with amusement kiosk operator National Entertainment Network (NEN) to bring expanded cashless payment options to more vending machines and devices, the companies announced in a press release on Friday (Nov. and Puerto Rico.