PAI appoints new ATM CEO following top-exec departures

Payments Source

Payment Alliance International (PAI) has named Neil Clark as CEO of the company’s ATM business, following the recent exit of three top executives from the Louisville-based ATM operator.

Lenderfit Launches SMB Lending Tech In Beta

PYMNTS

Reports in Insider Louisville said the Louisville-based startup launched in beta this week, according to CEO David Taliaferro. Small business lending technology company Lenderfit has rolled out its services in beta, connecting financial institutions to solutions to facilitate small business lending. He told the publication that Lenderfit began as a way to address the small business lending challenges of nonprofit investment firm Access Ventures.

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Podcast: Church Lending and Other Ways to Renew Urban Neighborhoods

ABA Community Banking

As urban areas across the country grow and change, community development financial institutions like Metro Bank in Louisville, Ky., are meeting the unique needs of these evolving neighborhoods. The post Podcast: Church Lending and Other Ways to Renew Urban Neighborhoods appeared first on ABA Banking Journal. ABA Banking Journal Podcast Commercial Lending Community Banking Featured Tax/Accounting Advocacy Bank community engagement Community development Tax credits

Prime Now Grocery Delivery Expands Across The US

PYMNTS

Amazon and Whole Foods’ Prime Now is now available in Annapolis, North and Central New Jersey, Cleveland, Louisville, Pittsburgh and additional San Francisco locations, according to an announcement. And for our customers in Dayton, Louisville and Omaha, we’re thrilled to also offer the option of grocery pickup.”.

MainSource to Buy FCB Bancorp in Kentucky

American Banker

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

Porter in Ky. Raises $5M, Gets Current on Certain Dividends

American Banker

Porter Bancorp in Louisville, Ky., used part of $5 million it raised in a private placement to become current on interest payments on some debt holdings. breaking_news community-banking capital ky dealmaking-strategy

Taco Bell Parent Yum Brands To Acquire Habit Restaurants

PYMNTS

Gibbs took over the Louisville, Kentucky company this month from former CEO Greg Creed. 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. The deal is reportedly for Yum Brands to buy Habit for $14 a share, which comes out to about $375 million. Shares in Habit closed at $10.51 on Friday (Jan.

AT&T Jumps On The 5G Bandwagon

PYMNTS

Louisville, Ky., AT&T has announced that it will be offering a 5G smartphone from Samsung in the first half of 2019. “5G 5G is going to be about more than just a network. Customers will eventually be able to connect in near real-time to unforeseen possibilities,” David Christopher, president of AT&T Mobility and Entertainment, said in a press release. Together with Samsung, we plan to bring the best in technology and innovation to our customers.

United Airlines, a public relations multiple engine failure.

Long Lasting Ideas

The bare facts: United personnel physically removed a Chinese passenger from an overbooked Chicago-to-Louisville flight, to make room for United employees who needed to be on the flight. If we had to pick the public relations flub of the first four months of 2017, try United Airlines. Calling United’s fiasco, a flub is an extreme understatement. For the airline, this is a public relations multiple engine failure, a public image crash and burn.

Instacart, Walmart Canada Work On Grocery Delivery Pilot

PYMNTS

The offering was said to debut in Houston, Louisville, Nashville and Kroger’s hometown of Cincinnati. To provide customers with same-day grocery delivery, Instacart is working with Walmart Canada on a pilot in Winnipeg and Toronto. Customers will be able to order items from 17 stores with the program, according to reports. Instacart is no stranger to Canada. The company rolled out its services in the country in September of last year.

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

PYMNTS

As for AT&T, it reportedly launched 5G service in these cities: Houston, Texas; Dallas, Texas; Atlanta, Texas; Waco, Texas; Charlotte, North Carolina; Raleigh, North Carolina; Oklahoma City, Oklahoma; Jacksonville, Florida; Louisville, Kentucky; New Orleans, Louisiana; Indianapolis, Indiana and San Antonio, Texas. Verizon will be bringing its 5G technology to 30 U.S. cities by the end of the year, according to reports.

CFPB postpones field hearing on checking account access to Feb. 3

CFPB Monitor

The hearing, which is to be held in Louisville, Kentucky, was originally scheduled for today. Barbara S. Mishkin. The CFPB has announced that due to inclement weather, it has postponed the field hearing about access to checking accounts until February 3, 2016.

Hilton Times Square Closure Bruises NYC Tourism Rebound

PYMNTS

That is equivalent to the entire size of hotel markets in Louisville, Ky., It sounds so nice they had to name it twice: New York, New York.

CFPB to hold January 27 field hearing on checking account access

CFPB Monitor

The CFPB has announced that it will hold a field hearing in Louisville, Kentucky about access to checking accounts on January 27, 2016. Barbara S. Mishkin. In October 2014, the CFPB held a forum on checking account screening policies and practices. In his remarks, Director Cordray raised concerns about the accuracy of the reports obtained by banks and credit unions from specialty consumer reporting agencies that are used to determine whether to open a checking account for new customers.

Grubhub Spikes 10 Pct Post-CEO Stock Purchase

PYMNTS

the Louisville, Kentucky-based operator of KFC and Taco Bell. “We Grubhub saw its shares increase as much as 10 percent after it was revealed that its CEO purchased almost $1 million of company stock. The information was discovered in a filing with the U.S. Securities & Exchange Commission, showing that Chief Executive Officer Matthew Maloney acquired the stock. Shares were also likely helped by positive comments from one of its partners — Yum! Brands Inc. ,

Why Panera Does Its Own Delivery

PYMNTS

Current CEO Blaine Hurst was the prime mover behind Panera’s first large-scale delivery test in Louisville, Kentucky, four years ago. I said, ‘Just let me finish the Louisville test. Delivery on demand is one of the hallmarks of the mobile/digital era, and so it’s unsurprising the speed at which being able to delivery has become a key differentiator for Panera Bread , which recently rolled out its delivery option nationwide.

Retail Labor Shortage Concerns Deepening

PYMNTS

Central Ohio, Memphis, Tennessee, and Louisville, Kentucky, were all areas with reported shortages last year. A good economy is good news for retailers in a variety of regards. More money in more gainfully employed consumers’ pockets usually equates to more goods and services flying off the shelves — physical, digital or hybrid.

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Kroger Rolls Out New Grocery Delivery Offering

PYMNTS

The offering will debut in Houston, Louisville, Nashville and Kroger’s hometown of Cincinnati, Chain Store Age reported. Amid its digital push through its Restock Kroger initiative, Kroger has rolled out a delivery service dubbed Kroger Ship that uses third-party carriers. Kroger Ship is our next step in creating a seamless experience that allows our customers to shop when and how they want,” Chief Digital Officer Yael Cosset said in an announcement.

What’s The Reward For Early 5G Deployment? Asia Will Soon Find Out

PYMNTS

Right before Christmas, AT&T reportedly launched 5G service in these cities: Houston, Texas; Dallas, Texas; Atlanta, Texas; Waco, Texas; Charlotte, North Carolina; Raleigh, North Carolina; Oklahoma City, Oklahoma; Jacksonville, Florida; Louisville, Kentucky; New Orleans, Louisiana; Indianapolis, Indiana and San Antonio, Texas. South Korea is taking an early lead in deployment of 5G , with three of the country’s telecoms recently deploying the service.

Shipping Inconsistencies Plague Nonessential eCommerce

PYMNTS

As part of the collaboration, FEMA will gain access to UPS’ central Worldport facilities in Louisville for temporary staging. Nonessential retail is highly dependent – in some cases, completely dependent – on eCommerce during the COVID-19 crisis. And eCommerce success is dependent upon shipping. Therein lies a serious problem. Because as anyone who has ordered a nonessential item over the past few weeks can attest, eCommerce shipping has become a guessing game.

Kroger Same-Store Sales Miss Views As It Overhauls Stores

PYMNTS

In August, the company rolled out a delivery service called Kroger Ship that uses third-party carriers, which will debut in Houston, Louisville, Nashville and Kroger’s hometown of Cincinnati, Chain Store Age reported at the time. Kroger , the U.S. supermarket chain, posted same-store sales Thursday (Sept. 13) that fell short of Wall Street views, sending the stock lower in trading.

Verizon 5G Network Launch Foreshadows Mobile Commerce Changes

PYMNTS

As for AT&T, it reportedly launched 5G service in these cities: Houston, Texas; Dallas, Texas; Atlanta, Texas; Waco, Texas; Charlotte, North Carolina; Raleigh, North Carolina; Oklahoma City, Oklahoma; Jacksonville, Florida; Louisville, Kentucky; New Orleans, Louisiana; Indianapolis, Indiana and San Antonio, Texas. Score one for the Midwest: Verizon said this week (March 13) it will launch its 5G network in Chicago and Minneapolis on April 11.

5G, Biometrics Lead The Way At Mobile World Congress

PYMNTS

As for AT&T, it reportedly launched 5G service in these cities: Houston, Texas; Dallas, Texas; Atlanta, Texas; Waco, Texas; Charlotte, North Carolina; Raleigh, North Carolina; Oklahoma City, Oklahoma; Jacksonville, Florida; Louisville, Kentucky; New Orleans, Louisiana; Indianapolis, Indiana and San Antonio, Texas.

Retail Pulse: FAO Schwarz To Open New Flagship; Amazon Expands Grocery Delivery

PYMNTS

On another note, Amazon and Whole Foods’ Prime Now is now available in Annapolis, North and Central New Jersey, Cleveland, Louisville, Pittsburgh and more areas of San Francisco, according to an announcement. Brick-and-mortar retailers have closed flagship locations in recent times, but sometimes these landmark stores make a comeback.

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Uber Of X: Truxx Is The Uber Of Moving

PYMNTS

Also, launch Truxx in Philadelphia, Atlanta and Louisville. Moving large items can be one of the more stressful events in life. Whether it’s time to move into a new apartment or pick up a new toilet at a home improvement store, there are many large items that just do not fit into every car. And sometimes people don’t realize an item won’t fit into their car until they’re already at the store with the purchased item.

Amazon Tracker: By Land, Air, Sea

PYMNTS

As The Wall Street Journal points out, both UPS and FedEx have large delivery hubs close to where Amazon plans to build its own — in nearby Louisville and Memphis, respectively. The second half of January saw Amazon (AMZN) stock up a net 2 percent since its last tracker. On Thursday (Jan. 26) of last week, Amazon stocks neared their all-time high record (set in October 2016), hitting $842.60 in the early afternoon. Since then, prices slid a bit, though they were still up overall.

Why Thorntons Is Investing In The Loyal C-Store Customer

PYMNTS

Specifically, the Louisville, Kentucky-based Thorntons chain spent much of the late 90s and early 2000s upgrading the convenience experience at its now 192 locations. Traditional convenience store customers aren’t known for, or pursued for, their loyalty. Convenience store buys have historically been viewed as impulsive by nature – the quick candy bar, lotto ticket or pack of smokes (those less of that in the era of anti-tobacco legislation).

Are you doing enough to help customers manage their accounts?

NCR

One respondent, Aleksey Dubrovensky of Louisville, Kentucky, said: “I want a bank to be convenient, secure, and serve me well. With the Consumer Financial Protection Bureau (CFPB) raising concerns that banking customers in the US “continue to experience problems managing their accounts”, it seems that many financial institutions could benefit from refocusing their efforts on delivering the services people want.

Retail Pulse: Brookstone Files For Bankruptcy; Kroger Launches New Delivery Service

PYMNTS

The offering will debut in Houston, Louisville, Nashville and Kroger’s hometown of Cincinnati. . Brookstone , a specialty retailer known for massage chairs and gadgets, used to be a must-see mall retailer. But shopping malls aren’t nearly as busy as they once were, and, with declining foot traffic in U.S. malls, Brookstone is now the latest major brick-and-mortar retailer to announce that it has filed for bankruptcy protection.

Five at Five: Brookstone Ends Era With Bankruptcy

PYMNTS

The supermarket chain launched grocery delivery services using third-party carriers, called Kroger Ship, in several major markets including Houston, Louisville, Nashville and the company’s hometown of Cincinatti. Welcome to the Five at Five, your late look at the payments and commerce news of the day.

CFPB announces new appointments to advisory groups

CFPB Monitor

Spradlin, President and Chief Executive Officer, Park Community Credit Union, Louisville, Ky. Barbara S. Mishkin. The CFPB announced the appointment of new members to its Consumer Advisory Board, Community Bank Advisory Council, and Credit Union Advisory Council. New members to the Consumer Advisory Board will serve three-year terms and new members to the Community Bank and Credit Union Advisory Councils will serve two-year terms. New Consumer Advisory Board members are: Seema M.

The Great Grocery Race Shifts Into High Gear

PYMNTS

In August, the company rolled out a delivery service called Kroger Ship that uses third-party carriers, which will debut in Houston, Louisville, Nashville and Kroger’s hometown of Cincinnati, Chain Store Age reported at the time.

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New(ish) Ideas Edition: Google, JPMorgan Chase And Samsung

PYMNTS

Reports are emerging that a Southwest flight scheduled to leave Louisville, Kentucky, was delayed after a Samsung phone caught fire. The top news of the week has, of course, been political scandals of all stripes, but at this point, cataloging it all would actually require an entirely separate Data Dive. We somehow imagine that everyone has had enough already, so we’ll skip happily to the sanguine world of payments and commerce where we had lots of stuff happen last week.

Regulation and Compliance: Ready for Review

Independent Banker

national financial services partner for the accounting and consulting firm BKD LLP in Louisville, Ky. “We’re Anticipating what’s new for your community bank’s next field examination. By Karen Hoffman. Benjamin Franklin famously said that “by failing to prepare, you are preparing to fail.” This is particularly true for community banks preparing to undergo their next regulatory safety and soundness or compliance examination.

Onovative Raises $1 Million in New Funding

Fintech Labs Insights

” As part of the investment, Onovative relocated from its offices in Jeffersonville, Indiana to its new headquarters in downtown, Louisville, Kentucky. Onovative , which introduced its Core iQ bank marketing software at FinovateSpring earlier this year, has raised $1.2 million in a second round of funding. The investment takes the company’s total funding to more than $1.6 million.