MainSource to Buy FCB Bancorp in Kentucky

American Banker

MainSource Financial Group in Greensburg, Ind., has agreed to buy FCB Bancorp in Louisville, Ky., for about $56.9 million. The cash-and-stock transaction is expected to close in the second quarter. breaking_news community-banking dealmaking-strategy

A Kentucky bank brings business clients' voices into security

Payments Source

The scourge of account takeover isn't lost on Citizens Union Bank, which is involving its business customers — or rather, their biometric traits — in improving the security of their accounts. Biometrics End user security practices Fraud prevention

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Reinventing Main Street, One Scoop Of Cookie Dough At A Time

PYMNTS

But West Kentucky University (WKU) junior Bailey Dahlquist was not satisfied living in a world in which all dough had to be baked to be servable, and he found a way to fix that problem. He opened Raw, the first raw cookie dough shop in the city of Bowling Green, Kentucky. But Chicago, a city of nearly 3 million people, unsurprisingly has somewhat more variety in its dessert offerings than Bowling Green, Kentucky — a city of approximately 65,000. .

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Today In Data: Bank Of America And Biometrics

PYMNTS

Kentucky Fried Chicken (KFC), for example, is now accepting payment via Face ID tech at certain locations in China. Today In Data ANZ Apple Bank of America biometrics data breach data security Equifax facial recognition Kentucky Fried Chicken News Today in DataFollowing the Equifax data breach, biometrics and data security have come under increased scrutiny as more companies and consumers consider their security-enhancing features.

Sports Betting Moves Forward In The U.S. — With or Without ‘Integrity Fees’

PYMNTS

Kentucky is one of the latest jurisdictions that could welcome the wagering. Reports out of the Bluegrass State say Damon Thayer , the Republican who serves as majority floor leader for the Kentucky State Senate, anticipates that lawmakers from both parties want to introduce pro-gambling legislation during the 30-day legislative session that starts January 8, 2019. “I The U.S.

Weirdness Is Currency In The Attention Economy

PYMNTS

Playing with one’s food is all part of the Kentucky Fried Chicken (KFC) value proposition. There was the Watt A Box that let customers charge their phone while eating dinner, the Gamers Box that came with a mount for the phone as well as controllers attached to the sides — and now, the KFO, short for Kentucky Flying Object. Retail attention economy Burger King Drones FCC Kentucky Fried Chicken marketing net neutrality News QSRs Taco Bell

The Bluegrass Banker

ABA Community Banking

From equine lender to civic leader, ABA Treasurer Luther Deaton is a consummate Kentucky banker. The post The Bluegrass Banker appeared first on ABA Banking Journal. ABA Banking Journal Community Banking Featured ABA leadership Bank community engagement Leadership

The Bluegrass Banker

ABA Community Banking

From equine lender to civic leader, ABA Treasurer Luther Deaton is a consummate Kentucky banker. The post The Bluegrass Banker appeared first on ABA Banking Journal. ABA Banking Journal Community Banking Featured ABA leadership Bank community engagement Leadership

Three Small US Banks Collapse Over Past Month

PYMNTS

Louisa Community Bank of Louisa, Kentucky also shuttered on Oct. 25, and the assets were purchased by Kentucky Farmers Bank Corporation in Catlettsburg, Kentucky. The U.S. recorded its fourth bank failure this year — the first collapse of financial institutions since 2017, according to data from the Federal Deposit Insurance Corp ( FDIC ). The most recent failure was on Nov. 1 when City National Bank of New Jersey closed its three branches with assets of about $120.6

Still serving… outside the branch

Strategically Speaking

We had a joke in Elizabethtown, Kentucky. As a matter of fact, our iPay Solutions™ group is moving into what once was the main corporate branch of First Federal Savings Bank in Kentucky. I live in the middle of small-town USA.

The 10 Things Banks Must Know About 1Q 2016 Performance [Presentation]

Banker to Banker

While the Kentucky Derby, NBA and NHL playoffs kept bankers busy this weekend, there was also work to be done as we saw our first complete set of data from 1Q.

Taco Bell Parent Yum Brands To Acquire Habit Restaurants

PYMNTS

Yum Brands, the parent company of fast-food chains Taco Bell and Kentucky Fried Chicken, plans to purchase fast-casual chain Habit Restaurants, which is the parent company of Habit Burger Grill, according to a report by The Wall Street Journal.

50 Schools Now Call PNC Their 'Official' Bank

American Banker

PNC Financial Services Group has been named the official bank of the University of Kentucky, its 50th such partnership with a college or university. breaking_news consumer-finance dealmaking-strategy atm mobile digital-banking retail-branch-strategies ky national-regional

Federal Judge Dismisses Another GSE Shareholder Lawsuit

American Banker

Kentucky district court judge rules that the courts cannot interfere with the GSE regulator's wind down of Fannie Mae and Freddie Mac. breaking_news doddfrank gse sailthru-no-lead law-regulation

The B2B Payments Fraud Threat Of Internal Employees

PYMNTS

According to local Kentucky Today reports, $1.5 million was embezzled from a Kentucky school district , pointing to a former finance director, now the subject of an FBI probe.

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Amazon Air Expands In A Bid To Better Manage Shipping Logistics

PYMNTS

billion hub in Northern Kentucky, scheduled to be open in 2021. The new Kentucky location will have capacity for 100 planes. “We

KFC Adds Multiple Third-Party Wallets, But Does It Also Want Its Own?

Payments Source

Months after announcing plans to launch Apple Pay, Yum Brands’ Kentucky Fried Chicken this week said it’s enabling the mobile wallet—along with Android Pay and Samsung Pay at the same time.

NCR Widens Regional Service With Purchase Of Midwest POS

PYMNTS

announced the acquisition of Midwest POS Solutions to expand its presence in Kentucky and Indiana, as detailed in a press release on Monday (Oct. The Indiana- and Kentucky-based Midwest POS technology company has been serving the restaurant industry for more than 75 years. NCR Corp. Midwest POS is among the first NCR Aloha dealers. The acquisition will expand NCR’s service to 1,000 restaurants in the region.

Mortgage Workers on the Move from Commerce Union in Tenn.

American Banker

plans to close mortgage offices in Ohio, Illinois and Kentucky and to transfer the employees to Bridgeview Bank Group in Bridgeview, Ill. Commerce Union Bancshares in Brentwood, Tenn., breaking_news community-banking dealmaking-strategy m-a mortgage tn il oh ky consumer-finance

Kroger To Bring CBD Products To Stores

PYMNTS

The company will sell the products in states such as Arizona, Washington, Indiana, Kansas, Kentucky, Tennessee, West Virginia and Michigan, among others. To tap into one of the hottest emerging consumer trends, Kroger will sell CBD in almost 1,000 stores.

Kroger, Walgreens Pool Resources In Retail Procurement Alliance

PYMNTS

” Kroger and Walgreens launched a pilot last year in 13 Northern Kentucky Walgreens stores to test Kroger Express, a one-stop-shopping concept.

Kroger And Walgreens Expand Pilot To Include Kroger Express, Home Chef Kits

PYMNTS

Kroger Express, which is a curated assortment of 2,300 products — selected using customer data and insights provided by Kroger subsidiary 84.51° — will be offered at the 13 Walgreens test stores in Northern Kentucky, near Kroger’s Cincinnati headquarters. “We’re The Kroger Co.

Lawsuits Pile Up For Cap One, Amazon Post Hack

PYMNTS

The proposed class action suit includes plaintiffs from eight states and a nonprofit in Kentucky. Capital One and Amazon Web Services are being sued by customers due to the massive hack that impacted more than 106 million people, GeekWire reported.

FedEx Will Not Renew Amazon Ground Delivery Contract

PYMNTS

billion hub in 2021 in northern Kentucky, where it is growing its Amazon Air fleet to encompass 50 aircraft. After ending its express U.S. shipping contract, per an announcement earlier in the summer, FedEx now plans to conclude its ground-delivery contract with Amazon and will not renew it.

Apple Pay Appears To Be Coming Soon To Germany

PYMNTS

it is available for customers at First Calgary Financial, Essex Bank, Green Dot Bank, Home Federal Bank, Kentucky Bank, Los Alamos National Bank, Poppy Bank and Prospera Credit Union, just to name a few. Apple Pay is set to launch soon in Germany.

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Fed Ends Two Enforcement Actions, Issues Another

American Banker

and issued an enforcement action against Hazard Bancorp in Kentucky. The Federal Reserve Board has terminated enforcement actions issued in 2010 against American Bank of Baxter Springs in Kansas and CB Financial in Wilson, N.C., breaking_news law-regulation community-banking

Walgreens Brings Mobile Technology To Stores

PYMNTS

Kroger Express, a curated assortment of 2,300 products, was to be offered at 13 locations of Walgreens in Northern Kentucky and meal kits were said to be available in 65 Chicago area Walgreens locations.

Shift4 Payments Registers For IPO

PYMNTS

Its clients include Arby’s, Blimpie, Carrabba’s, Kentucky Fried Chicken and Outback Steakhouse and it also works with more than 300 software companies. Shift4 Payments has filed paperwork to go public.

China Tests Facial Recognition Subway Payment

PYMNTS

The technology is fairly common in China, where people can even scan their faces to buy food from Kentucky Fried Chicken, and have been able to since 2017.

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Panera Bread Grows Delivery With Grubhub, DoorDash, Uber Eats Partnerships

PYMNTS

The QSR was extending the test in July to nine Lexington, Kentucky locations per reports in June. To build on its in-house delivery model, Panera Bread announced national delivery availability for the first time via Grubhub, Uber Eats and DoorDash.

Wayfair To Open First Brick-and-Mortar Store

PYMNTS

Wayfair also was to open the doors to an outlet store in Kentucky, per reports in February. Amid a move into brick-and-mortar retail, home furnishings company Wayfair intends to open a physical store at Massachusetts’s Natick Mall.

Panera Eyes Delivery Opportunity With Dinner

PYMNTS

The quick-service restaurant (QSR) is extending the test in July to nine Lexington, Kentucky locations, CNBC reported. In an effort that could bring delivery opportunities, Panera Bread has been experimenting with a menu for dinner at a Jacksonville, Florida restaurant.

Apple Adds 12 Colleges To Contactless ID Program

PYMNTS

Apple has added 12 new universities to its contactless student ID program, which allows students to pay for things and gain entry to locked doors, as well as act as an alternative to a physical ID card.

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Lenderfit Launches SMB Lending Tech In Beta

PYMNTS

” Right now, the company can support micro-loans of up to $35,000, and has so far facilitated $750,000 in small business loans as the company spreads from Kentucky to neighboring states. Small business lending technology company Lenderfit has rolled out its services in beta, connecting financial institutions to solutions to facilitate small business lending. Reports in Insider Louisville said the Louisville-based startup launched in beta this week, according to CEO David Taliaferro.

Verizon Plans Rollout Of 5G In 30 U.S. Cities In 2019

PYMNTS

Verizon will be bringing its 5G technology to 30 U.S. cities by the end of the year, according to reports. The wireless giant didn’t specify the cities or the method of deployment, but it did say it would include extremely fast millimeter wave radios. “It’s

Bank of America To Update Branches In Response To Customer Behavior

PYMNTS

BoA said it’s going to expand to Cleveland and Lexington, Kentucky next year, and it previously made a pledge to open 500 new branches. Bank of America said it’s going to modernize more than 50 percent of its branches to match the changing way people bank, according to a report by Reuters.

Study: Automation Will Hurt Manufacturing-Heavy Midwest

PYMNTS

Certain states will be heavily affected, like Indiana, Kentucky, South Dakota, Arkansas and Alabama.

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