NJ Transit Upgrades Reduce Cash, Paper Ticket Usage

PYMNTS

NJ TRANSIT Executive Director Kevin Corbett said , “Improving the customer experience has been at the top of my priority list. NJ TRANSIT is a state-owned public transportation system that serves New Jersey, along with portions of New York State and Pennsylvania. of Somerset, New Jersey that will enable the transportation system to accept mobile payments, open contactless bank cards and a NJ Transit fare card.

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NJ Legislators Propose Tighter Data Privacy Regulations

PYMNTS

Lawmakers in New Jersey are proposing a bill to solidify data privacy guidelines and inflict tougher limits on the tech industry, The Wall Street Journal reported on Monday (March 2). The bill mandates that tech firms get authorization from New Jersey consumers before collecting and selling information to third parties. The legislation would affect tech companies such as Alphabet ’s Google and Facebook. This is all about consumer awareness and consumer choice,” said Rep.

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NJ-based Provident Bank upgrades digital channels amid pandemic 

Bank Innovation

For one community bank in New Jersey, its digital overhaul came at a crucial time, and Provident Bank has been pushing its digital capabilities to customers during the novel coronavirus pandemic since revamping its online banking earlier this month. Our message to our clients is that we have the digital capabilities that are world class,” […]. Carousel Customer Experience Payments Premium Product Design Retail Banking FIS NCR Provident Bank SB One Bank Zelle

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PRSA NJ Panel on Brand Storytelling and Content Marketing [PODCAST]

Bank Innovation

Justin Gianninoto, director of digital strategy, presented at PRSA NJ’s “Brand Storytelling & Content Marketing” seminar to discuss how to get results for your company or organization with great storytelling. The post PRSA NJ Panel on Brand Storytelling and Content Marketing [PODCAST] appeared first on Stern Strategy Group.

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Spencer Savings Bank (NJ) Has E-Money Market Promotion

BankDeals

Spencer Savings Bank (NJ) E-Money Market Promotion is available to all New Jersey residents. A Platinum Checking is required for the top rate

NJ: Uber Owes $650M In Taxes After Misclassifying Drivers

PYMNTS

New Jersey’s Department of Labor and Workforce Development claims that Uber owes the state around $650 million in unemployment and disability insurance taxes because it has been wrongly classifying its drivers as independent contractors. The department recently sent letters to Uber and its subsidiary Rasier, informing the companies that they owe $523 million in past-due taxes over the last four years, as well as $119 million in interest and penalties on the money owed. “We

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NJ Lawmakers: Brick-And-Mortars Must Accept Cash

PYMNTS

According to Chain Store Age , the legislation requiring all brick-and-mortar retailers to accept cash was unanimously approved by the N.J. The eCommerce giant operates a cashless Amazon Books store at Garden State Plaza, a mall in Paramus, N.J. Lawmakers in New Jersey have passed a bill to ban stores from going cashless. Senate Commerce Committee.

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NJ’s Internet Gambling Revenues Soar To $80M In April

PYMNTS

New Jersey’s big bet on online gambling has paid off, with revenues skyrocketing to a record $80 million in April. Not surprisingly, sports gambling revenues were way down as stadiums remained closed and most professional games were canceled due to COVID-19 restrictions. Meanwhile, the state’s casinos remained shuttered. New Jersey’s Division of Gaming Enforcement said the state’s licensed online gambling operators generated a combined income of $80 million in April. That’s up 118.6

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NJ’s American Dream Mega-Mall Bucks Mall Vacancy Trend

PYMNTS

The highly anticipated American Dream Mall (ADM) in New Jersey will hold its last opening day celebration in March with almost 100 percent of its 3.3 million square feet fully leased out to retail, food and entertainment tenants, Bloomberg reported on Monday (Jan.

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Unity Bancorp in N.J. Authorizes Selling $15M in Stock

American Banker

Unity Bancorp in Clinton, N.J., breaking_news dealmaking-strategy nj community-bankinghas a deal in place to sell $15 million in common stock over time.

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Lakeland in N.J. to Sell $50M in Stock Over Time

American Banker

Lakeland Bancorp in Oak Ridge, N.J., breaking_news nj dealmaking-strategy community-bankinghas filed the paperwork to sell up to $50 million shares of common stock.

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Valley National in N.J. Taps New President

American Banker

Valley National Bancorp in Wayne, N.J., breaking_news people corporate-governance nj national-regionalhas a new president.

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OceanFirst to Buy Ocean Shore Holding in N.J.

American Banker

OceanFirst Financial in Toms River, N.J., has agreed to buy Ocean Shore Holding in Ocean City, N.J. breaking_news community-banking m-a nj dealmaking-strategy

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Atlantic Federal Credit Union (NJ) Features 19-Month CD Special

BankDeals

Atlantic Federal Credit Union (NJ) has two CD Specials: 19-month (1.55% APY) and 15-month Rate Riser (1.45% APY). Minimum opening deposit is $500

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Sun of N.J. Taps Director to Serve as Nonexecutive Chairman

American Banker

Sun Bancorp in Mount Laurel, N.J., people breaking_news corporate-governance nj community-bankingthe $2.1 billion-asset parent of Sun National Bank, said independent director Anthony Coscia will serve as chairman of both starting Dec.

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NJ Malls Contend With American Dream’s Opening

PYMNTS

After serving as destinations for Big Apple shoppers for at least 50 years, northern New Jersey’s malls are aiming to find ways to differentiate themselves as a new retail neighbor arrives. The American Dream retail and amusement complex is expected to open on Oct. 25 following 15 years of multiple developers and false starts, Bloomberg reported.

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Pro-cash laws gathering momentum in N.J., Philadelphia

Payments Source

The pushback on stores that don’t accept cash seems to be gaining momentum, with Philadelphia the latest municipality to consider a law that would ban cash-free shops. Retailers Compliance Digital payments Cash New Jersey Pennsylvania

Report: 80 Pct. Of NJ Gamblers Place Wagers Online

PYMNTS

Mobile sports betting is quickly growing to a point where New Jersey is close to topping Las Vegas as the country’s biggest market, The Wall Street Journal reported Monday (Sept. The Supreme Court ruled that states can establish their own betting system, but not across state lines. Geofencing ensures mobile apps stay within each state. Sports betting is legal in 12 states in some capacity. Mobile betting, however, is only allowed in five: New Jersey, Pennsylvania, West Virginia, Iowa and Nevada.

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Cross River Bank in N.J. Raises $28M from Silicon Valley

American Banker

breaking_news community-banking dealmaking-strategy nj bank-technologyA small New Jersey bank that is a so-called rent-a-charter partner of more than a dozen marketplace lenders has raised millions of dollars from some household names in the venture capital world.

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DraftKings adds PayPal to N.J. sportsbook site

Payments Source

DraftKings has added PayPal as a payment option to its New Jersey Sportsbook, following similar moves from rivals FanDuel Sportsbook, Caesers Sportsbook and SugarHouse Sportsbook. Online payments Compliance PayPal

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First Bank in N.J. Raises Cash After Nearby Bank Sells

American Banker

First Bank in Hamilton, N.J., breaking_news dealmaking-strategy capital nj community-bankinghas raised $13.7 million by selling common stock.

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NJ Online Gaming Revenue Set To Grow 66 Pct This Year

PYMNTS

With blackjack and roulette on mobile phones, the growing market for online sports wagering in New Jersey has introduced gamblers to virtual casino games.

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Ruling in N.J. proxy fight thwarts bank's commercial lending ambitions

American Banker

A state judge deciding a dispute between Spencer Savings and an investor said the mutual must get an independent review before switching from a savings association to a savings bank. The ruling may complicate mutuals' efforts to make more business loans. Court cases Growth strategies Community banks Mutual banks

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Lower Fees Offset Loan Growth at Provident in N.J.

American Banker

Provident Financial Services in Iselin, N.J., breaking_news earnings-community-banks performance nj community-bankingreported relatively flat quarterly results due on as lower fees offset loan growth.

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Highlands in N.J. Bids Adieu to SBLF Program

American Banker

Highlands Bancorp in Vernon, N.J., breaking_news small-business compliance nj community-bankinghas raised $7.5 million to exit the Small Business Lending Fund.

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N.J. Bank Leans on Its Co-Founders 20 Years Later

American Banker

Shore Community Bank in Toms River, N.J., breaking_news people nj corporate-governance community-bankinghas called on some old friends to lead the board of directors.

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Unity Bancorp in N.J. Registers $50M in Securities for Future Sale

American Banker

Unity Bancorp in Clinton, N.J., breaking_news dealmaking-strategy capital strategic-alternatives nj community-bankinghas registered to sell up to $50 million in securities over time.

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Bitcoin Daily: NJ Assembles Blockchain Initiative Task Force; IBM Eyes Blockchain Browser

PYMNTS

New Jersey ’s governor has signed a bill to implement a Blockchain Initiative Task Force. Bill S2297 explained that the task force will study potential uses for blockchain technology on the state and local level, with an emphasis on medical records, land records, banking, and property auctions as potential applications.

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Valley National in N.J. Names Consumer Banking Chief

American Banker

Valley National Bancorp in Wayne, N.J., breaking_news people womenin-banking nj recruitment community-bankinghas promoted Dianne Grenz to become its chief consumer banking officer.

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Highlands in N.J. Raises $8.5M to Aid Organic Growth

American Banker

Highlands Bancorp in Vernon, N.J., breaking_news dealmaking-strategy capital strategic-alternatives nj community-bankinghas raised $8.5 million through a sale of common stock.

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Marlin in N.J. Adds Voltage to JVCKenwood's Customer Financing

American Banker

Laurel, N.J., breaking_news commercial-lending nj community-bankingMarlin Business Services in Mt. has partnered with electronics manufacturer JVCKenwood USA to provide financing plans for its customers.

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Peapack-Gladstone in N.J. announces PPP loan sale

American Banker

The company is selling $355 million of Paycheck Protection Program credits to The Loan Source, a nonbank lender that is also buying PPP loans from three other banks. Coronavirus Growth strategies Paycheck Protection Program Community banks

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Investors Bancorp in N.J. Discloses Informal Agreement for BSA, AML

American Banker

Investors Bancorp in Short Hills, N.J., breaking_news community-banking aml nj compliance enforcement dealmaking-strategyhas joined the ranks of banks flagged by regulators for Bank Secrecy Act issues.

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OceanFirst in N.J. Issues $35M in Subordinated Debt

American Banker

breaking_news dealmaking-strategy capital strategic-alternatives nj community-bankingThe $4 billion-asset company said in a press release Friday that the notes will bear an initial fixed interest rate at 5.1%. The debt will mature in 2026.

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Fed Backs Seidman’s Request for Big Stake in MSB Financial in N.J.

American Banker

A New Jersey investor has received approval from the Federal Reserve to significantly boost its stake in MSB Financial in Millington, N.J. breaking_news community-banking nj dealmaking-strategy

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