North Dakota issues Cease Order to Union Bank Payment Coin

The Paypers

(The Paypers) North Dakota’s securities commissioner has issued Russia’s Union Bank Payment Coin with a Cease and Desist Order, after a potentially fraudulent act

N.D. bank buys electronic payments processor InterceptEFT

Payments Source

Community banking M&A Payments Payment processing North DakotaFirst International Bank plans to rename the company Kotapay, while expanding services that include handling direct deposit and credit card processing for financial firms.

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The Bank in the Background

ABA Community Banking

As it marks its centennial, North Dakota’s public bank does its work through private-sector partnerships. The post The Bank in the Background appeared first on ABA Banking Journal.

The Bank in the Background

ABA Community Banking

As it marks its centennial, North Dakota’s public bank does its work through private-sector partnerships. The post The Bank in the Background appeared first on ABA Banking Journal.

An AI startup brings a virtual assistant to the debit card

Payments Source

The fintech is partnering with Choice Financial in North Dakota to create a Douugh-branded checking account and debit card that will prominently feature an AI-based virtual assistant named Sophie. Digital banking PFM Debit cards Artificial intelligence

Rebeca Romero Rainey: You are the backbone of our nation’s financing

Independent Banker

Take the Bank of Glen Ullin in North Dakota. “When our customers’ needs take center stage, we identify creative solutions to help them achieve their dreams.”.

FBI Probing Hack Of US Electricity Providers

PYMNTS

The impacted utilities operate in 18 states from Maine to Washington, including Cloverland Electric Cooperation in Michigan, Klickitat Public Utility District in Washington state and Basin Electric Power Cooperative in North Dakota.

TaxCloud Announces New Stripe Integration

PYMNTS

Since the Supreme Court issued its opinion in South Dakota v. North Dakota , argued that it was “obsolete in an era of eCommerce.” TaxCloud has announced the launch of a new integration with Stripe.

California, Florida, Massachusetts, N. Dakota Approve Pot Measures

American Banker

Voters in Florida and North Dakota approved medical marijuana measures on Tuesday, while their counterparts in California and Massachusetts approved recreational pot initiatives, according to projections. breaking_news consumer-finance national-regional compliance kyc ca fl mt nd ma me az nv ar law-regulation

More Than 200 Bankers Let Go At Wells Fargo

PYMNTS

The sources added that many of the agriculture cuts were in rural areas, including North Dakota and South Dakota, which both saw its teams cut in half. Sources have revealed that Wells Fargo has laid off more than 200 bankers in its U.S.

Wells Axes 200+ Staffers From US Lending Units

PYMNTS

The sources added that many of the agriculture cuts were in rural areas, including North Dakota and South Dakota, which both saw its teams cut in half. Sources have revealed that Wells Fargo has laid off more than 200 bankers in its U.S.

Energy Woes to Test Real Estate Underwriting in Shale Regions

American Banker

Bankers in the Bakken Share region of Minnesota and North Dakota are keeping an eye on exposure to hotels, apartments and retail space as economic slowdowns occur in energy producing markets.

California Opens Door For San Francisco Public Bank

PYMNTS

According to reports, the nation’s only public bank currently operates in North Dakota, and was established in 1919.

Bitcoin Daily: Bitcoin Loses $18M, Microsoft Uses Blockchain To Give Consumers More Control Over Personal Data

PYMNTS

And the North Dakota Securities Department announced that it has issued cease and desist orders against three companies for offering “unregistered and potentially fraudulent securities in the form of ICOs.”. Bitcoin was hit with an $18 billion market loss in just three days.

Bitcoin Daily: DOJ Probes Tether Cryptocurrency; Bitcoin Price Slides To Under $4.3K

PYMNTS

In other news, the North Dakota Securities Department has brought a cease-and-desist order against an initial coin offering (ICO) project called the Union Bank Payment Coin (UBPC), CoinDesk reported. The U.S.

The US Supreme Court to revisit ecommerce sales tax law

The Paypers

North Dakota, a 1992 ruling that allowed states to collect taxes on online sales only from sellers that had a physical presence within their boundaries (The Paypers) The United States Supreme Court has decided to revisit Quill Corp.

South Dakota Sues Wayfair, NewEgg, Overstock And Systemax Over Lost eCommerce Revenue

PYMNTS

It’s a big litigious party out in South Dakota these days, as the state is suing four eCommerce merchants for their lost sales tax – and different merchants (in a separate suit) are suing right back. North Dakota. North Dakota.”. Newegg believes South Dakota’s new law is unconstitutional, and intends to defend itself vigorously,” Matt Strathman, associate general counsel at Newegg, said Friday. Regulation Retail sales tax South Dakota

The United States Of Startups: The Most Well-Funded Tech Startup In Every US State

CB Insights

Four states did not have any companies that met all our criteria for inclusion in the map: Alaska, Mississippi, South Dakota, and Wyoming. The least-funded VC-backed startup on the list is North Dakota’s CoSchedule with $2.7M. North Carolina. North Dakota. South Dakota. The tech boom has diffused beyond the traditional hotbeds of California, New York, and Massachusetts, across the entire United States.

Credit Unions Step Up During Government Shutdown

PYMNTS

In North Dakota , NorthStar Credit Union is deferring loan payments for effected federal workers, while a Brevard County Florida credit union is offering a specialized stop-gap loan for federal workers to make sure they can keep paying their bills on time.

What Goes Up …

Independent Banker

But North Dakota is a newcomer to the oil-producing world. By autumn North Dakota could see up to active 100 rigs shut down, he adds. Coping just fine, community banks in energy-producing regions manage the oil-price plunge. By Howard Schneider.

The United States Of Venture Capital: The Most Active VC In Each State

CB Insights

North Bridge Venture Partners. North Carolina. North Dakota. South Dakota.

Walmart Pay Launches In 16 States, DC

PYMNTS

As of today, Walmart Pay is available in: Virginia, North Carolina, South Carolina, Nebraska, North Dakota, South Dakota, Iowa, Tennessee, Kentucky, Michigan, Indiana, Alabama, Georgia, Louisiana, Missouri, Mississippi and Washington, D.C. “We The retail giant’s payment method is finally here.

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The Big Gorilla

Independent Banker

Sarah Getzlaff, executive vice president and chief operating officer at First Security Bank of North Dakota, sees the detrimental effects of overly complex regulation in everyday operations, particularly in lending. Outsized regulation shapes the business climate and decisions.

Retail’s Voice-Assisted, Meatless Summer

PYMNTS

The service reached this milestone after recent rollouts in Alaska, Hawaii, Washington, Oregon, Idaho, North Dakota, South Dakota, Montana and Wyoming. It was a summer of last-mile delivery and new subscription pushes.

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Valuing Our Client’s Success

Independent Banker

We have experienced multiple oil booms and subsequent slowdowns in the oil industry in our state of North Dakota, along with the changes that come with that. By David Grubb. At The Bank of Tioga, we preserve the local touch and serve our clients and communities well.

From Farce to Menace

Independent Banker

Even more obviously absurd, one provision would allow community credit unions in seven states—Montana, Alaska, Delaware, North Dakota, South Dakota, Vermont and Wyoming—to serve their entire state. By Camden R. Fine, President and CEO of ICBA. So here we go again.

Insurance Firms Wade Into Alternative Finance

PYMNTS

Financial Stability Oversight Council and is North Dakota’s insurance commissioner, in an interview. Alternative lenders and marketplace finance companies emerged to fill in gaps left by traditional banks when it comes to financing and loans, but according to Bloomberg reports, another industry is getting in on the action: insurance.

Deep Dive: The Unfolding Legacy Of South Dakota v. Wayfair

PYMNTS

Such a levy was not legal until last year’s South Dakota v. Inside South Dakota v. North Dakota case that businesses must have physical, in-state presences to be subject to state sales tax requirements.

Wyoming Lures Crypto Companies With Friendly Laws

PYMNTS

My legislation does tend to not align with federal bureaucracies very well, and it wouldn’t be the first time I got a letter from an agency at the federal level,” Lindholm said, noting that other states, including New Hampshire and North Dakota, have reached out to learn about passing similar laws. “If Wyoming is trying to position itself as a leader in cryptocurrency and one of the friendliest states when it comes to legislation around crypto companies.

What Is Powering The Emerging Pawnaissance?

PYMNTS

As of 2019, Smart Financial operates around 87 pawn shops spread across Arizona, Georgia, Illinois, Iowa, North Carolina, North Dakota, Oklahoma, South Dakota, Texas, Virginia and three Canadian provinces.

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State Regulators Investigate Payday Advances

PYMNTS

The DFS’ investigation will be conducted alongside regulators in Connecticut, Illinois, Maryland, New Jersey, North Carolina, North Dakota, Oklahoma, Puerto Rico, South Carolina, South Dakota and Texas.

CFPB Sues Payment Processor

PYMNTS

Intercept is a payment processor based in North Dakota that is responsible for transmitting electronic funds transfers through the ACH on behalf of its clients, typically for transactions, like payroll deposits, and loan and bill payments. After mounting complaints from both banks and consumers about unauthorized withdrawals and other illicit activities, the accused payment processor is being taken to court.

Why Is John Hancock Selling Only Interactive Life Insurance?

CB Insights

At this time, John Hancock Vitality is available in 48 US states (outside of New York and North Dakota where it is still not approved). In 2015, John Hancock launched a partnership with Vitality Group.

US Supreme Court Gives The Green Light For Online Sales Taxes

PYMNTS

North Dakota , argued that it was “obsolete in an era of eCommerce,” according to a Washington Post report. A company with a website accessible in South Dakota may be said to have a physical presence in the state via the customers’ computers,” he wrote. “A Or a company may lease data storage that is permanently, or even occasionally, located in South Dakota.”. States can collect sales taxes from online retailers thanks to a U.S.

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Banking's Total Return Top 5: 2014 Edition

Jeff For Banks

through its subsidiary BNC National Bank, offers community banking and wealth management services in Arizona, Minnesota, and North Dakota from 14 locations. It also conducts mortgage banking from 12 offices in Illinois, Kansas, Nebraska, Missouri, Minnesota, Arizona, and North Dakota.

Why Google Ditched Perishables

PYMNTS

” That scaling will see Google up its last-mile instant delivery platform very far and wide with launches in Minnesota, Nebraska, Colorado, North Dakota, South Dakota, Mississippi and New Mexico. It was less than a year ago — February, to be precise — that Google appeared as the latest player in an increasingly crowded food delivery market that was intent to make a move on grocery. The big news at the time was perishables.

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Banking's Total Return Top 5: 2016 Edition

Jeff For Banks

through its subsidiary BNC National Bank, offers community banking and wealth management services in Arizona, Minnesota, and North Dakota from 16 locations. It also conducts mortgage banking from 12 offices in Illinois, Kansas, Nebraska, Missouri, Minnesota, Arizona, and North Dakota.

What Remote Sellers Should Know About South Dakota v. Wayfair, Inc.

Perficient Financial Servies

Supreme Court’s decision in South Dakota v. North Dakota (1992). But on June 21, 2018, in South Dakota v. It said the defendants — all large ecommerce businesses — established nexus based on their “economic and virtual contacts” with South Dakota. South Dakota can’t yet enforce its law: The case was sent back to state courts for further proceedings. For a list of states with South Dakota-style economic nexus laws, check out this blog.

Lending Club Reports Growth in Revenues, Originations for Q2 2015

Fintech Labs Insights

Opened to borrowers in Nebraska and North Dakota. Lending Club provided investors with plenty to think about in its Q2 2015 earnings conference call this week. Here are a few of the highlights from a second quarter that saw Lending Club reach $11.2 billion in total originations.

Banking's Total Return Top 5: 2015 Edition

Jeff For Banks

through its subsidiary BNC National Bank, offers community banking and wealth management services in Arizona, Minnesota, and North Dakota from 16 locations. It also conducts mortgage banking from 12 offices in Illinois, Kansas, Nebraska, Missouri, Minnesota, Arizona, and North Dakota.

Can South Dakota Move The Needle On A Federal Online Sales Tax?

PYMNTS

And South Dakota, for one, has had enough. “Legal challenge” might actually be the best-phrased stone South Dakota has thrown at the beehive of transnational eCommerce. North Dakota. Now, however, it’s not just South Dakota that’s allied in the fight to take down Quill. If anything, South Dakota is late to the regulatory party.

NY DFS announces multistate investigation of payroll advance industry

CFPB Monitor

North Carolina Office of the Commissioner of Banks. North Dakota Department of Financial Institutions. South Dakota Department of Labor and Regulation’s Division of Banking.

June’s Top 12 Mobile Pay Moments

PYMNTS

The latest June count for where Walmart Pay is available is: Virginia, North Carolina, South Carolina, Nebraska, North Dakota, South Dakota, Iowa, Tennessee, Kentucky, Michigan, Indiana, Alabama, Georgia, Louisiana, Missouri, Mississippi and Washington, Missouri, Texas, Arkansas, and Washington, D.C. Today marks the last day of June 2016, which means we’re halfway through the year.

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