A Missouri bank is using tech to secure large deposits from public entities

Bank Innovation

Bank of Franklin County, a Washington, Mo.-based based bank with $273 million in assets, is using ‘cash sweep’ technology to gain large deposits from public funds without having to put up its own assets as collateral.

Missouri’s Cash Tax Payment Ban Proposal Irks Cannabis Firms

PYMNTS

The state of Missouri is reportedly considering a ban on cash tax payments, a move that has raised concerns for local legal marijuana businesses that are struggling to obtain banking services and relying on cash to remain in operation. According to the Missouri Medical Cannabis Trade Association, the state does have several banks that service cannabis companies , but a spokesperson warned that “those options are not plentiful.”

Enterprise Financial in Missouri Names President

American Banker

Enterprise Financial Services in Clayton, Mo., said Wednesday that it has promoted James Lally to president. breaking_news people corporate-governance mo community-banking

Senate Bill Could Remove Immunity For Offensive Online Content

PYMNTS

Republican Senator Josh Hawley from Missouri has introduced a bill that would remove the immunity companies like Facebook, Twitter and Google receive for offensive and illegal content that users post, according to a report by CNBC. Facebook bill censorship content Decency Act Google internet Josh Hawley Legislation Missouri Neutral News Political senator tech companies twitter users What's Hot

Midwest BankCentre to Buy Bremen Bank in Missouri

American Banker

Midwest BankCentre in Lemay, Mo., has agreed to buy Bremen Bank & Trust in Hazelwood, Mo. community-banking m-a mo dealmaking-strategy

NASB to Buy Lexington B&L Financial in Missouri

American Banker

NASB Financial in Grandview, Mo., has agreed to buy Lexington B&L Financial in Lexington, Mo. community-banking mo dealmaking-strategy

The public option for real-time payments is taking too long

Payments Source

Charles in Missouri. There is no way to know exactly what the market will look like in 2023 or 2024 when FedNow debuts. We're working on a solution that can help our customers right away, says Luanne Cundiff, president and CEO of First State Bank of St.

Analysts May Question Google On Antitrust Investigations During Earnings Call

PYMNTS

Missouri has been investigating Google for two years, and it recently folded its investigation into the larger Texas one. The idea is that with more and more AGs on board, “there’s a lot more firepower,” said Chris Nuelle, a Missouri AG spokesman.

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Carvana Opens Car Vending Machine In LA, Marking 20th In US

PYMNTS

The Los Angeles Car Vending Machine joins counterparts in cities across Texas, Tennessee, Florida, North Carolina, Maryland, Arizona, Ohio, Missouri, Indiana, Pennsylvania and Illinois.

Chase Plans Expansion In Top US Markets In 2019

PYMNTS

Louis, Missouri; Pittsburgh, Pennsylvania; Kansas City, Kansas and Greenville, South Carolina, among others. Chase has announced it is expanding its retail footprint into nine of the top American markets, as well as opening dozens of new locations in the greater Washington, D.C

Two Lawmakers Float First Facial Recognition Privacy Bill

PYMNTS

If the bill introduced by Missouri Republican Roy Blunt and Hawaiian Democrat Brian Schatz passed, it would be the first piece of legislation on the federal level aimed at protecting consumers’ privacy when using facial recognition.

7-Eleven Launches Beer Delivery In Select US Markets

PYMNTS

Louis, Missouri; and Tampa, Florida. Convenience store operator 7-Eleven is launching beer and cider delivery in select U.S. markets. Customers can place their beer orders via the 7Now app.

JP Morgan’s Finn: One Birthday Down, No More To Go

Let's Talk Payments

They conducted trials for nine months in the state of Missouri (USA) before they rolled out the app. Ever since its opening in 1871, JP Morgan has remained a valuable and reliable player among the top brands in the banking sector.

Uber Expands ‘Ride Pass’ Monthly Subscription

PYMNTS

Louis, Missouri; San Diego, California; Raleigh-Durham, North Carolina; Seattle, Washington; Portland, Oregon; San Antonio, Texas; Nashville, Tennessee; Las Vegas, Nevada; New Orleans, Louisiana and Phoenix, Arizona.

Payments Tech Firm InComm Acquires Meridian Loyalty

PYMNTS

Louis, Missouri, and has clients from Fortune 500 and 1000 companies all around the world. Payments technology company InComm has acquired Meridian Loyalty, a business incentives company that works to build loyalty as well as engagement opportunities for corporations, according to a release.

Facebook Chief Spends Third Day In DC Meeting Lawmakers

PYMNTS

Josh Hawley of Missouri had a terse exchange with Zuckerberg over the protection of user data. Facebook CEO Mark Zuckerberg spent a third day in Washington, D.C. meeting with lawmakers, according to a report by Bloomberg.

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What Wayfair’s Lawyer Says About The Wayfair v. South Dakota Decision

PYMNTS

Missouri-based nonprofit Faith, Justice & Truth Project released a report estimating that the state could take in $600 million if it implemented such taxes. Missouri could face a dwindling tax base otherwise, as residents with the means to do so increasingly take their shopping online.

Facebook CEO Mark Zuckerberg Meets With Lawmakers, President

PYMNTS

Josh Hawley of Missouri said per reports that the talks had been “frank,” which the report said is many times a euphemism for contentious.

Facebook Negotiates Sandberg DC Hearing Testimony

PYMNTS

Josh Hawley of Missouri wanted Facebook to sell its WhatsApp and Instagram units that could limit the data it could compile in regard to a person.

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Walmart Bringing Back Delivery To Refrigerators

PYMNTS

The service will launch to more than one million customers in Kansas City, Missouri, Pittsburgh, Pennsylvania and Vero Beach, Florida in the fall. Walmart is relaunching its delivery service that brings groceries into the refrigerators of customers. Reuters , citing Marc Lore, head of U.S.

Sunflower in Kan., Strategic Growth Bancorp in Texas to Merge

American Banker

billion-asset Strategic Growth to create a company with $3 billion in loans and 60 branches in Colorado, Kansas, Missouri, New Mexico and Texas. The $1.8 billion-asset Sunflower expects to combine with the $2.2 breaking_news community-banking ks tx dealmaking-strategy

Aiming for Earnings

Independent Banker

Missouri Bank sharpens focus on trimming expenses. More than ever, community banks are exploring new ideas and unconventional approaches to achieving greater profitability. After all is said and done, profitability equals bottom-line. success. Nothing can happen without it. This month Independent Banker focuses on information and trends, processes and strategies, and case studies. on profitability in community banking. Vigilant Eyeshades. Outsized Outsourcing.

Simmons First to Close 10 Branches for $1.6M in Yearly Savings

American Banker

plans to close 10 banks across four states by the end of the second quarter: three branches in Arkansas, four in the Missouri and Kansas region and three in Tennessee. Simmons First National in Pine Bluff, Ark., ar mo ks tn dealmaking-strategy breaking_news community-banking

Lawmakers Question Facebook’s Location Tracking Practices

PYMNTS

Two senators, Josh Hawley of Missouri and Chris Coons of Delaware, have written a letter to Facebook CEO Mark Zuckerberg regarding Facebook’s ability to track the location of users even when they turn off location services, according to a report by CNBC.

Turing Award Winner To Amazon: Stop Selling Face ID Tech

PYMNTS

In May, Democratic Representatives Keith Ellison of Minnesota and Emanuel Cleaver of Missouri also demanded answers from Amazon about the program.

Deliverr Raises $7.1M In Venture Funding Led By 8VC

PYMNTS

Deliverr has ten warehouses in states including Texas, Missouri, Pennsylvania, Ohio, and New Jersey. Deliverr , the startup that enables Walmart, eBay, and Shopify to have two-day shipping delivery options that allow them to compete with Amazon Prime, raised $7.1

House Financial Services Committee to hold Sept. 26 hearing on abusive debt collection practices

CFPB Monitor

Church (Jefferson City, MO) and Executive Director, Missouri Faith Voices.

Drinkworks Machine To Offer Cocktails In A K-Cup

PYMNTS

The Drinkworks drinkmaker machine is coming to Florida, Missouri and California following a test in St. Amid slowing sales of their core offerings, Anheuser-Busch InBev SA and Keurig Dr Pepper Inc. are looking to tap new areas for growth through a K-Cup machine for cocktails.

The United States Of Fintech Startups

CB Insights

17 startups on the map have raised over $100M in disclosed equity funding, including Utah-based expense management platform Divvy ($253M), and Missouri-based PayIt ($133M), which facilitates payments between citizens and government services. Missouri.

Congress Writes Second Letter To Amazon About Rekognition

PYMNTS

In May, Democratic Representatives Keith Ellison of Minnesota and Emanuel Cleaver of Missouri also demanded answers from Amazon about the program.

When entire states ban your company, you must be on to something positive Tesla

The Bankwatch

What possible reason could Missouri and other states have for banning a direct to consumer model, than lobbyists from old school auto companies. Missouri Pulls a New Jersey on Tesla. Missouri has become the latest state to advance legislation that would ban Tesla’s direct-to-consumer sales model, a move the Palo Alto, Calif., electric car maker attributes to pressure from the auto dealers lobby.

Starbucks Opening Two New Locations To Boost Minority Business

PYMNTS

Starbucks has opened six similar stores so far, including in Ferguson, Missouri, central Phoenix, and East Baltimore. Starbucks announced that it will open stores in Dallas, Texas and Trenton, New Jersey as part of its program to invest in at least 15 underserved communities across the nation by 2018. According to Chain Store Age , the store in Dallas will open in spring 2018, while the one in Trenton will open later this year.

Travelers Expands Amazon Smart Home Program

PYMNTS

customers in Colorado, Missouri and Wisconsin. The Travelers Companies announced 11 new states where eligible customers can receive a smart home kit discount via the insurance firm’s first digital Amazon storefront. The discounts — along with a free Amazon Echo Dot — were first available to Travelers home insurance customers in California, as well as its Quantum Home 2.0

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Amazon, Travelers Team To Sell Smart Home Kits

PYMNTS

customers in Colorado, Missouri and Wisconsin. The Travelers Companies announced Wednesday (Oct. 10) that it has teamed up with Amazon to offer smart home kits, insurance and risk management information through a digital storefront on Amazon, at Amazon.com/Travelers.

Instacart Expands Alcohol Delivery Across The U.S.

PYMNTS

Instacart alcohol delivery is now available in California, Connecticut, Florida, Illinois, Kentucky, Massachusetts, Minnesota, Missouri, North Carolina, Ohio, Oregon, Texas, Virginia, Washington and Washington, D.C.

goPuff: Making Convenience More Convenient With Delivery

PYMNTS

Since the start of 2019, goPuff has opened for business in Nashville, Tennessee; Hartford, Connecticut; Kansas City, Missouri and Baltimore, Maryland, bringing its total number of served cities above 60 in the U.S.

Tech Cos Fire Back At Senate Bill To Remove Immunity

PYMNTS

Josh Hawley of Missouri proposed a bill that would eliminate the immunity that large tech companies have from user content deemed illegal, offensive or obscene. Republican Sen.

Amazon’s Whole Food Discounts Are Rolling Out Across Dozens Of States

PYMNTS

As of today, the extra benefits are available at Whole Foods Markets in Arkansas, Colorado, Florida, Idaho, Kansas, Kansas City, Missouri, Louisiana, New Mexico, northern Nevada, northern California, Oklahoma, Texas and Utah. The Prime rewards are coming; the Prime rewards are coming. Such is the hue and cry set to go off in about a dozen states, as Amazon is starting to ramp up its discounting for Prime members in Whole Foods locations nationwide.

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Build-A-Bear Workshop Plans New Locations, Pop-Up Shops

PYMNTS

Bass Pro Shops locations in Indiana, California, Missouri, Florida, Pennsylvania and Colorado are said to host the pop-up shops along with Cabela’s stores in Pennsylvania, West Virginia, Utah and Texas.

The Countdown To Walmart Pay Is Getting Short

PYMNTS

When Walmart Pay was announced just before Christmas in February, the favorite comparison point was Apple and its payment platform.

Sam’s Club Offers Alcohol Delivery Via Instacart

PYMNTS

The service is now available in select markets in Florida, California and Missouri, with plans to expand to additional locations in the coming months. Sam’s Club has announced that some of its shoppers using Instacart can now receive same-day alcohol delivery.

Crypto’s Grand Stage To Sizzle (Or Fizzle)?

PYMNTS

News came this week that Republican Senator Josh Hawley from Missouri has introduced a bill that would remove the immunity that giants like Facebook have when users post offensive content. Bitcoin, move over. There’s a new digital coin of the realm. Or maybe not. Maybe it all takes off.

Libra’s Long Week In Washington 

PYMNTS

financial security, the global financial system, the privacy of people across the globe, criminal activity and international human rights,” said Missouri Rep. Google ’s vice president for government affairs and public policy was told by Missouri Sen.