New Jersey Attorney General sues merchant cash advance providers
CFPB Monitor
DECEMBER 18, 2020
The New Jersey Attorney General recently filed a lawsuit in New Jersey state court against Yellowstone Capital LLC, its parent Fundry.US
New York Raises Check Cashing Fees
Perficient
FEBRUARY 26, 2021
of New York State’s Superintendent’s Regulations which provides for an annual fee adjustment, based upon the increase in the consumer price index (CPI) of the New York – Northern New Jersey – Long Island, NY – NJ-CT-PA area for all urban consumers. Interestingly, New Jersey has a different percentage.
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New Jersey Homeowners Insurance: Averages Rates for Coverage
MyBankTracker
JANUARY 20, 2021
Homeowners insurance in New Jersey can provide the protection you need. But although there are several benefits to buying homeowners insurance in New Jersey, it’s important to understand how your policy works and know how much you might pay for a homeowners insurance policy with the proper coverages. smoke damage.
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New Jersey enacts licensing and other requirements for student loan servicers
CFPB Monitor
AUGUST 7, 2019
On July 30, 2019, Acting New Jersey Governor Sheila Oliver signed into law SB 1149 , which requires student loan servicers to be licensed, creates an Office of the Student Loan Ombudsman within the NJ Department of Banking and Insurance, imposes various requirements, and prohibits certain conduct. Licensing requirement.
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NJ Launches First Mobile App For Lottery Tickets
PYMNTS
DECEMBER 13, 2019
New Jersey is the first state lottery to authorize lottery courier services formally, enabling the placement of orders via a mobile app, according to an announcement from the company. . Players in New Jersey can place orders in the app for favorites like Powerball, Mega Millions, Cash4Life, and New Jersey’s Pick-6.
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Former Apple Securities And Compliance Lawyer Charged With Insider Trading
PYMNTS
FEBRUARY 13, 2019
The Securities and Exchange Commission (SEC) charged a former Apple lawyer with illegal insider trading on Wednesday (Feb. According to the SEC complaint, he was “responsible for Apple’s compliance with securities laws.”. District Court of New Jersey. 13), according to a report by CNBC.
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How Smart Algorithms Deliver Faster, Secure Gig Payouts
PYMNTS
FEBRUARY 20, 2020
New Jersey became one of the more recent states, for example, with its regulation designed to make freelancers and independent contractors legally distinct from self-owned businesses and other such organizations. This is only one of several shifts to freelance work in the state under the bill. Lawmakers in other U.S.
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Retailers In Some States May Be Forced To Accept Cash
PYMNTS
FEBRUARY 21, 2019
With a move toward cashless societies growing around the world, new legislation in the U.S. According to a report in The New York Times citing legislation being worked on around the country, the New Jersey Legislature and Philadelphia City Council have backed laws that would ban cashless stores.
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NY Man Gets Jail Time For $390K Card Skimming Scheme
PYMNTS
JANUARY 8, 2020
A New York man, 39-year-old Bogdan Rusu, was sentenced to 60 months in prison on charges of using credit card skimming tactics to steal $390,141 from various New Jersey banks, according to a Department of Justice (DOJ) report. The case was prosecuted by Homeland Security Investigations, along with agents of the U.S.
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More Security In Wake Of Mall Brawls
PYMNTS
DECEMBER 28, 2016
A string of major disturbances at malls nationwide on the day after Christmas has led police to increase patrols and malls to ramp up security guard presence — in case consumers needed another reason to avoid physical stores. ‘Tis the season to riot.
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New Jersey bank sells lower-yielding securities after rate hikes take bite
American Banker
DECEMBER 9, 2022
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DOJ announces settlement of redlining lawsuit
CFPB Monitor
OCTOBER 4, 2022
The Justice Department announced that it has entered into an agreement with Lakeland Bank to settle the DOJ’s claims that Lakeland engaged in unlawful redlining in the Newark, New Jersey metropolitan area. According to the DOJ , the settlement represents the third-largest redlining settlement in the DOJ’s history.
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Bitcoin Daily: Avanti Preparing To Apply For Banking Charter; NJ Lawmaker Introduces Regulatory Rules On Crypto
PYMNTS
FEBRUARY 25, 2020
Because trust companies can’t custody securities in the U.S., Meanwhile, a New Jersey lawmaker has introduced a bill that would require cryptocurrency firms to obtain a license before being able to operate, according to Coin Telegraph. 20, which would introduce new standards and rules for how crypto businesses operate.
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Ransomware group attacks a New Jersey bank — then shuts down
American Banker
JUNE 16, 2021
(..)
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Coinbase Offers Bitcoin Cash Loans Of Up To $20K In 17 US States
PYMNTS
AUGUST 14, 2020
With today’s announcement, we want to give our customers even more control over their crypto investments, while offering secure access to cash at the same time,” Thorsten Jaeckel , product manager for Coinbase, wrote on the blog. The maximum loan is $20,000 at 8 percent for one year with no credit check.
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Facial Recognition Firm Clearview AI’s Client List Hacked
PYMNTS
FEBRUARY 26, 2020
Our servers were never accessed,” said Clearview AI’s attorney Tor Ekeland, who added that the company is working to strengthen its security procedures. After that news was released, Google, Facebook and Twitter sent the company cease-and-desist letters. . “Unfortunately, data breaches are a part of life.
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Macy’s Rolls Out Mobile Checkout
PYMNTS
MARCH 19, 2018
When it’s time to check out, customers go to a dedicated counter where the cashier makes sure they scanned the correct number of items and removes a security tag. The retailer has already tested the technology at a store in New Jersey. In addition, Macy’s plans to expand a virtual reality (VR) pilot to 60 of its stores.
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Retail Fail: When Easter Bunnies Attack
PYMNTS
MARCH 22, 2016
Round Two — Immediate, surprise-return attack by Easter Bunny, who literally throws off his gloves (AKA costume anthropomorphized rabbit hands worn by an adult man) and takes a swing; all heck breaks loose again; Easter Bunny and brown shirt tussle on the floor; more security dives into fray. Perhaps it’s both.
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Bitcoin Daily: NJ Assembles Blockchain Initiative Task Force; IBM Eyes Blockchain Browser
PYMNTS
AUGUST 11, 2019
New Jersey ’s governor has signed a bill to implement a Blockchain Initiative Task Force. We firmly believe that bitcoin holders and businesses involved in bitcoin should take part in mining themselves, to help maintain the decentralized security of the bitcoin network,” the company said in a blog post.
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MGM Resorts Admits To 2019 Hack
PYMNTS
FEBRUARY 20, 2020
The resort said it had upgraded its security to make sure a data breach like this one never happens again. MGM Resorts has locations in Las Vegas, Detroit, Mississippi, Maryland and New Jersey, and its properties include the Bellagio, Mandalay Bay, MGM Grand and Park MGM.
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Macy’s Leads The Pack As Top Online Apparel Retailer
PYMNTS
APRIL 16, 2018
When it’s time to check out, customers go to a dedicated counter where the cashier makes sure they scanned the correct number of items and removes a security tag. The retailer has already tested the technology at a store in New Jersey. In addition, Macy’s plans to expand a virtual reality pilot to 60 of its stores.
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Affinity Federal Credit Union On The Importance Of Accelerating Digital Transformations
PYMNTS
JANUARY 27, 2021
New Jersey-based Affinity Federal Credit Union began upgrading its systems about five years ago as it looked toward the digital future. The new features include a biometric voice authentication system intended to reduce the time spent waiting on hold and fortify security. Prioritizing Upgrades.
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Ransomware Attack Cripples Some Billtrust Systems
PYMNTS
OCTOBER 23, 2019
17, Krebs on Security reported. The New Jersey-based company has over 550 employees and is a service based on the cloud that enables customers to view invoices, pay or ask for bills through fax or e-mail. The company learned of a malware intrusion on Oct.
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Fairway Said To Seek Bankruptcy That Keeps Some Stores Open
PYMNTS
JANUARY 23, 2020
headquartered in New Jersey, owns ShopRite. A Village Super Market company representative did not respond to requests for comment nor did a spokesperson from Fairway comment other than an earlier official statement denying the company was intending to go out of business, according to the news outlet. Village Super Market Inc.,
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FinCEN Hits Capital One For $390 Million; Says Bank Violated Bank Secrecy Act
PYMNTS
JANUARY 15, 2021
The group was comprised of between approximately 90 and 150 check cashers in the New York and New Jersey area. The statement from FinCEN said Capital One established the Check Cashing Group as a business unit within its commercial bank in 2008.
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SEC Investigates Former Heartland CEO For Possible Insider Trading
PYMNTS
JUNE 4, 2018
According to The Wall Street Journal , the trades in question were revealed as part of a breach-of-contract lawsuit that Heartland, now part of Global Payments , filed against its founder and former CEO, Robert Carr, in federal court in New Jersey. Global Payments acquired Heartland two years ago for $3.8 By 2015, it was generating $2.77
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Report: ABG May Buy Bankrupt Ann Taylor Parent Firm Ascena
PYMNTS
JULY 31, 2020
Authentic Brands Group ( ABG ), the New York-based brand management company, could be the latest potential buyer of Ascena Retail Group , the recently bankrupt parent firm of Ann Taylor, Footwear News reported. The New Jersey-based company operates about 3,000 stores, mostly at malls. billion debt.
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Pay Cards, Flex Pay Options Help Employees During Pandemic
PYMNTS
MARCH 30, 2020
Nearly half of the nation’s employees are willing to accept nontraditional payment methods, such as mobile payments, digital platforms or pay cards, according to research by ADP, the New Jersey provider of human resources management software and services.
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NY Transit Seeks Apple’s Help With iPhone Mask Problem
PYMNTS
AUGUST 10, 2020
Last spring, Corsight AI, a New Jersey-based software developer, raised $5 million to develop a way to recognize people’s faces through masks, goggles or plastic coverings. The authority has said in recent weeks that more than 90 percent of passengers are wearing masks.
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Bitcoin Daily: JD.com Unveils Blockchain Lab; Crypto Ticker App May Be Targeting Macs
PYMNTS
NOVEMBER 1, 2018
The Chinese eCommerce retailer is working with both the Chinese Academy of Sciences (CAS) and the New Jersey Institute of Technology (NJIT) for the joint lab, which will look into efficiency issues and scalability when it comes to the blockchain.
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Bitcoin Daily: FINMA Grants Licenses To Two New Blockchain Firms; ShortHop Crypto Exchange Launches In Seven New States
PYMNTS
AUGUST 26, 2019
The Swiss Financial Market Supervisory Authority (FINMA) has granted the first “banking and securities licenses” to two blockchain companies: SEBA Crypto AG and Sygnum AG. They will be required to follow the new anti-money laundering (AML) requirements that FINMA revealed this week.
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Medical Equipment Cos Charged In $1.2B Healthcare Fraud
PYMNTS
APRIL 10, 2019
Charges against the various defendants were brought in California, Florida, New Jersey, Pennsylvania, South Carolina and Texas. In addition, there were charges filed against New Jersey residents Neal Williamsky and Nadia Levit, who own approximately 25 DME companies, and participated in a separate $150 million scheme.
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116 Travelers Expands Amazon Smart Home Program
PYMNTS
NOVEMBER 20, 2018
The new states enjoying these perks now include Alabama, Arizona, Connecticut, Idaho, Illinois, New Jersey, New Mexico, Oregon, Tennessee, Texas and Utah. 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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Community Banks Voice Frustration With Core Tech Providers
PYMNTS
APRIL 12, 2019
” Fiserv, FIS and Jack Henry have secured 90 percent of U.S. banks with less than $1 billion in revenues as customers, Celent data shows, and continue to secure greater market share as their B2B services stretch beyond core infrastructure and into areas like helping institutions launch websites and mobile apps. .”
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Coronavirus Update: Alphabet Project May Have Privacy Concerns; More Scams May Loom With Gov Payments
PYMNTS
MARCH 19, 2020
Bob Menendez and Cory Booker of New Jersey, Sherrod Brown of Ohio, Richard Blumenthal of Connecticut and Kamala Harris of California all wrote letters addressed to Vice President Mike Pence and Alphabet CEO Sundar Pichai expressing concerns about cybersecurity. But several senators raised concerns with that.
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Airline Recovery Stalls Amid COVID-19 Uptick
PYMNTS
JULY 7, 2020
presentation the news outlet obtained. The most severe declines are in New York, New Jersey and Connecticut — three states that have imposed new restrictions on travelers amid a resurgence in COVID-19 cases, the news outlet noted.
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CUs Use AI, Cloud-Based Tools To Drive Member Engagement
PYMNTS
JANUARY 26, 2021
Affinity Federal Credit Union is one such CU that began upgrading its systems in 2016 as the New Jersey-based CU began its evolution to an automated service model. CUs that prioritize digital upgrades combining analytics and automation are less likely to see their customers drift to larger FI competitors.
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TS Imagine Strengthens its Marketplace Leadership with Non-Exec Board Appointments
Bobsguide
JULY 21, 2022
LONDON, 14 July 2022 – TS Imagine , a global leader in trading, portfolio, and risk management solutions for capital markets, announces the appointment of three new board members to support the firm’s rapid growth. John brings considerable capital markets experience to the board and is based in New Jersey. About TS Imagine.
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SellersFunding Targets Amazon Sellers With AltFin Acquisition
PYMNTS
SEPTEMBER 23, 2019
New Jersey-baed AmzLenders was founded by Amazon seller Steve Creasy, who will act as a consultant to SellersFunding over the transition period. “If The issue is, eCommerce merchants can often be seen as “too small for a bank” and as a result, have difficulty securing loans.
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Deep Dive: How The COVID-19 Virus Is Impacting The Online Gambling Industry
PYMNTS
MAY 8, 2020
Consumers sitting down to bet through their computers or phones likely do not want to receive winnings via checks and expect effortless digital payments — even with online gambling platforms’ security measures ensuring winners are properly verified. New Jersey and Pennsylvania have become two of the most important markets for U.S.
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Former Heartland CEO Agrees To $250K SEC Fine
PYMNTS
APRIL 26, 2019
Securities and Exchange Commission (SEC) alleged that Carr had talked about merger discussions with his partner, Katherine Hanratty, and wrote a check to that individual. Carr founded Heartland as a small payments processing startup based in Princeton, New Jersey in 1997. agreed to pay a civil fine of $250,628.
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Ukraine Aims To Recover Lost Funds After Taking Ownership Of Privatbank
PYMNTS
NOVEMBER 10, 2019
In other Ukraine news , U.S. Securities and Exchange Commission’s EDGAR database. authorities charged a hacker residing in Ukraine and several others on Jan. 15 with trading on non-public corporate earnings information they got by hacking the U.S. A 16-count indictment filed with the U.S.
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101 OnDeck’s ODX Digitizes Investors Bank SMB Lending Platform
PYMNTS
OCTOBER 22, 2019
New Jersey-based financial institution Investors Bank has announced a collaboration with online small business lending firm OnDeck to digitize its own small to medium-sized business (SMB) lending operations. The companies announced their collaboration in a press release Monday (Oct.
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101 Ukraine Hacker, Others Charged In Hacking SEC’s EDGAR Database
PYMNTS
JANUARY 15, 2019
Securities and Exchange Commission’s EDGAR database. authorities charged a hacker residing in Ukraine and several others on Tuesday (Jan. 15) with trading on non-public corporate earnings information they got by hacking the U.S. According to a report in Reuters citing a 16-count indictment filed with the U.S.
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