PSCU Expands Reach In Hawaii With Three Partnerships

PYMNTS

PSCU has expanded its reach in Hawaii with three credit union (CU) partnerships, the credit union service organization (CUSO) announced Tuesday (April 6) in a press release emailed to PYMNTS. Pearl Hawaii, headquartered in Waipahu, has $428 million in assets.

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Hawaii enacts significant changes to small-dollar lending law

CFPB Monitor

Hawaii recently enacted significant changes to its small-dollar lending law that repeals existing Hawaii law on deferred deposits and creates a new regime for installment loans. 1192 provides that, unless exempt, no person can act as an “installment lender” in Hawaii unless licensed.

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Elvis seen opening a bank account in Hawaii

Chris Skinner

I was amused to see a story floating around the internet yesterday that read like this: ‘Missing’ woman mystery solved A group of tourists spent hours Saturday night looking for a missing woman near Iceland’s Eldgja canyon, only to find her among … The post Elvis seen opening a bank account in Hawaii appeared first on Chris Skinner's blog. As it’s Friday, a slightly more whimsical post.

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Bitcoin Daily: Hawaii Debuts Digital Currency Lab; Ripple Launches Live X-Border Payments With Thailand’s DeeMoney

PYMNTS

In other news, Hawaii is rolling out its inaugural experimental program for cryptocurrency called the Digital Currency Innovation Lab, according to an announcement. Bitcoin cryptocurrency DeeMoney Digital Currency Innovation Lab Hawaii News Ripple Thailand What's Hot

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Fiserv-powered kiosks help Hawaii through pandemic 

BankInovation

Hawaii State Federal Credit Union is speeding up the integration of its interactive branch kiosks (IBK) to better serve their customers amid the coronavirus pandemic.

Hawaii banks gird for prolonged tourism slump

American Banker

Hawaii Credit quality Coronavirus Commercial lending Hospitality and lodgingA prosperous decade leading up to the pandemic had left lenders in good shape, but they're worried the economic shock to the state's most vital industry could linger into 2022.

Bitcoin Daily: Chiliz Blockchain Firm Creates Sports-Focused Crypto Exchange; Proposed Hawaii Legislation Would Allow Banks To Hold Digital Currencies

PYMNTS

In other bitcoin news, a proposed bill in Hawaii would let banks hold onto crypto for customers, according to CoinDesk. 18, and would allow banks in Hawaii to hold onto digital securities, virtual currencies, digital consumer assets and open blockchain tokens.

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To Aid Volcano Victims, Hawaii First Thinks Small

PYMNTS

The lava flow has already caused roughly $372 million in private property damage, by some estimates , and has cost Hawaii’s tourism market roughly $222 million in losses. In addition to emergency agencies, the volcanic activities have prompted local credit unions, like Hawaii First Federal Credit Union , to mobilize and help affected residents. Hawaii First is approaching the housing crunch by thinking small.

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Hawaiian bankers wary of delta variant even as tourism recovers

American Banker

Hawaii Earnings Coronavirus Community banks

Hawaii banks' outlook tempered by threat of new travel restrictions

American Banker

Community banking Coronavirus

Branch Business: RBB Buys Hawaii Location, Summit Adds MVB Offices

Banking Exchange

Royal Business Bank adds $78 million in deposits with branch purchase, while MVB offloads quartet of sites to Summit Management Feature M&A Feature3. 1Management

Bank of Hawaii Launches ‘Branch of Tomorrow’ Premises

Banking Exchange

The bank is reopening revamped branches, while others are adding physical branches in face of online shift Community Banking Feature3 Feature The Economy Financial Trends Lines of Business Retail Banking Branch Technology/ATMs. 1Community Banking

In Hawaii, Streamlined Mass Transit In The (HOLO) Cards, Beyond The Paper Pass

PYMNTS

In Hawaii, we are about to find out. Payment Methods bus pass bus transit Hawaii HOLO Card INIT Innovation News rail transit smart card Tourism transportationYou may be familiar with the drill: Get on the bus — or the train — and get out the ticket. The paper one, the one that gets punched (yes, that’s still a thing!) or gets put in the slot to log your fare and is returned to you. It’s a process that is manual at least in part, and slower than it needs to be.

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Hawaii Car Insurance: How to Get the Cheapest Rates

MyBankTracker

Hawaii is one of the cheaper states to have car insurance-the average rate being $1,589 a year. Though Hawaii has low rates, the right balance of coverage and price should still be met in order to protect your assets and minimize your premium. Average Car Insurance Rates in Hawaii.

Hawaii Goes Cashless For Marijuana

PYMNTS

Hawaii announced that it is planning to be the first state to offer cashless cannabis sales in an effort to avoid robberies and other crimes targeting marijuana dispensaries. According to a Bloomberg news report, the governor’s office said that all of Hawaii’s eight licensed dispensaries have agreed to go cashless by Oct. The Hawaii dispensaries are setting up accounts with the Safe Harbor Private Banking credit union.

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Travel Industry Makes Early Attempts To Get On The Road (And In The Air) Again

PYMNTS

For example, Hawaii’s massive travel industry is starting to rethink how to reboot itself. The coronavirus has certainly slammed Hawaii’s tourism industry. However, Hawaii has since extended its two-week quarantine through July 31. Consumers want to get out.

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Hawaii's crypto sandbox to allow more participants

The Paypers

Hawaii's Digital Currency Innovation Lab has announced it will be accepting a second round of applications through 26 February 2021

Bank of Hawaii offers Zelle in Saipan, Guam

The Paypers

Bank of Hawaii has announced that Zelle is now available to Guam and Saipan customers in its mobile banking app, bringing residents a person-to-person payment option

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Bank of Hawaii's Profit Rises on Commercial, Residential Mortgages

American Banker

Bank of Hawaii expanded lending for residential mortgages and commercial real estate, boosting its third-quarter profit. breaking_news earnings-community-banks performance hi national-regional

Fee Income, Loan Growth Lift Bank of Hawaii's Results

American Banker

Bank of Hawaii in Honolulu reported higher quarterly profit that reflected deposit growth. breaking_news earnings-community-banks performance hi community-banking

Longtime CEO of HawaiiUSA Federal Credit Union to retire in 2021

American Banker

C-suite Hawaii Career moves Career planning Succession planning RecruitingKarl Yoneshige has been with the Honolulu-based institution since 1988, including two decades as CEO.

Bank of Hawaii, National Bank Holdings join list of banks closing branches

American Banker

The companies are reacting to an ongoing shift in customer preferences to digital channels. Digital banking Expense management Branch network

Former CEO of Aloha Pacific FCU dies

American Banker

Hawaii Credit unions Federal credit unionsWallace Watanabe spent more than 40 years at the Honolulu-based credit union, including serving as CEO from 1992 until his retirement in 2013.

Return to Independence for Hawaii's Oldest Bank

American Banker

First Hawaiian is going the way of Citizens Financial, spinning off from its foreign parent and becoming a stand-alone company. But don't expect big changes anytime soon. dealmaking-strategy capital hi national-regional

Bank of Hawaii’s 1Q Earnings Surge on Loan Growth, Visa Sales

American Banker

Bank of Hawaii in Honolulu said Monday that its first-quarter profit increased 18.3%, to $50.2 million, from a year earlier thanks to strong loan growth, improved credit quality and a hefty gain on sales of its Visa shares. breaking_news performance hi community-banking

BofA lending to states that don't want to wait on Fed

American Banker

Bank of America Hawaii Massachusetts Rhode Island General obligation bondsSome states aren't waiting on the Federal Reserve to help with the historic hits to their budgets. Instead, they're working with a lender that they have a much longer history with: Bank of America.

Leave-your-car-at-home effort gains traction at American Savings

American Banker

The Hawaii bank has paid employees who carpool, bike or walk to work. Employee benefits Hawaii Best Banks to Work ForAbout a third of the workforce bought into the program before the pandemic, and it's expected to continue once life returns to normal.

NEW REPORT: New Regs Open New Markets For Credit Unions

PYMNTS

To Help Members, Hawaii First Looks To New Housing Alternatives. Recent volcano activity in Hawaii has forced hundreds of Hawaii First Federal Credit Union members from their homes. These members, said Hawaii First CEO Laura Aguirre, are now waiting to determine the damage to their property before they can collect insurance and move forward with their own recovery efforts.

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While Some Malls Are On The Decline, Other Malls Bring In Billions In Sales

PYMNTS

Yet some malls are making it big, brining in billions of dollars of sales, CNBC reported, such as the Ala Moana Center in Hawaii, Sawgrass Mills in Florida and Oakbrook Center in Illinois. The mall’s wide mix of businesses — from discount retailers to luxury department stores — has drawn customers from the local area in addition to Hawaii’s tourists. Beyond Hawaii, GGP is one of the largest shopping center owners and operators in the U.S.

UBS, Comerica and Mastercard: The Biggest Banking Moves in February

Banking Exchange

Senior leadership appointments at UBS, Comerica, Mastercard, Capital Bank, BMO, Mutual of Omaha, Bank of Hawaii and KeyCorp Management Feature Human Resources Feature3.

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Two Californians Busted for Fake COVID-19 Test Results

PYMNTS

The man and woman, who were not identified, uploaded fake negative test results into the Hawaii Safe Travels portal and then flew into Lihue on an American Airlines flight that originated from Los Angeles, according to Kauai police. or test negative for COVID-19 before coming to Hawaii.

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The Finanser’s Week: 9th September – 15th September 2019

Chris Skinner

The main blog headlines are … Elvis seen opening a bank account in Hawaii As it’s Friday, a slightly more whimsical post. I was amused to see a story floating around the internet yesterday that read like this: ‘Missing’ woman mystery solved A group of tourists spent hours Saturday night … The post The Finanser’s Week: 9th September – 15th September 2019 appeared first on Chris Skinner's blog. Blog Index Grid Reading

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ICBA replaces 2021 in-person convention with virtual event

American Banker

The Independent Community Bankers of America had planned to hold its annual conference in Hawaii before the coronavirus pandemic hit. Community banking Coronavirus

P2P Payments Platform Square Adds Bitcoin

Bank Innovation

The option is not open to several states, including New York, Georgia, Hawaii […]. P2P payment platform, Square is now allowing users to purchase bitcoin worth up to $10,000 in a week on its Cash App. Square began testing the bitcoin option in November, and yesterday announced that users can now use the bitcoin buy/sell option. Cryptocurrency Exclusive Mobile Payments Bitcoin cryptocurrency P2P payments Square Cash

Sens. Warren, Schatz press Wells Fargo on forbearance practices

American Banker

Democrats Elizabeth Warren of Massachusetts and Brian Schatz of Hawaii have sent a letter to CEO Charlie Scharf demanding a response to news reports that the bank has been placing borrowers into forbearance plans without their consent.