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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. Filling a need.

Florida 91
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Fiserv Enables SNAP Online EBT Payment Acceptance For Grocers

PYMNTS

a global payments provider, now accepts Electronic Benefits Transfer (EBT) payments at grocers, allowing Supplemental Nutrition Assistance Program (SNAP) participants to purchase groceries online for the first time, the Wisconsin-based company announced on Tuesday (May 5). brand, is accepting online EBT payment at select locations.

Online 151
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How The COVID-19 Pandemic Is Driving Remote Online Notarization?s Adoption

PYMNTS

These reasons are driving a surge of interest in and use of remote online notarization (RON) services, according to James Schlimmer , managing partner of Naples, Florida-based notary firm Cottrell Title & Escrow. Florida was one of the few states that had legalized RON services prior to the initial outbreak.

Online 131
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FinTech Could Be Hurt By Fight Between OCC And States

PYMNTS

TechCrunch said the fight between states and the OCC centers on a proposal made by the OCC in December, in which it details a program that enables FinTechs to apply for charters to become special purpose national banks. Some are concerned the OCC is hurting innovation, while others think it’s overstepping its limits.

Fintech 109
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Giving The Gift Of Michigan With Curated Boxes

PYMNTS

Shoppers can pick out a gift box to send to a relative in Florida, for example. When people try a crazy recipe for a hot sauce that uses locally grown peppers or other high-end ingredients and put it next to a regular national brand, “it doesn’t even compare,” Wright said. Consumers can purchase subscriptions as gifts for others.

Michigan 129
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How The Pandemic Makes 90-Day Customer Histories A Fraud-Fighting Weakness

PYMNTS

This can be a significant help for consumers who may be unable to make purchases during the pandemic unless they have cards for checking out online or digital wallets to use with any brick-and-mortar merchants who have stopped accepting cash. The pandemic is not the only ongoing crisis weighing on consumers’ minds.

Fraud 222
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Krispy Kreme Hops On the Home Delivery Bandwagon

PYMNTS

The all-important last mile of retail is getting shorter and more innovative. Krispy Kreme first began testing online ordering and delivery in 2018, and will now roll out the program nationally. The move is significant in the context of mobile and online ordering for QSRs as well as full-service restaurants.

Mobile 132