North Dakota Senate Rejects Bill To Regulate Apple App Store

PYMNTS

Apple has cause to breathe a sigh of relief after North Dakota’s state Senate voted down a bill that would’ve forced it and other companies to let software developers utilize their own app payment schematics, CNBC writes.

North Dakota retailers sue Fed, demand lower debit fees

Payments Source

Federal Reserve Compliance Debit cards Interchange fees North Dakota

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

North Dakota Bill Sets Stage For Next Big Tech Fight

PYMNTS

North Dakota could be the next battleground for Big Tech, as a new bill has been introduced that would stop Apple and Google from collecting a portion of the revenue from companies using their app stores, The New York Times (NYT) reported.

North Dakota Trade Groups File Debit Card Fee Suit Against Federal Reserve

PYMNTS

The North Dakota Petroleum Marketers Association and the North Dakota Retail Association wrote in a complaint that the central bank should abandon its regulation that puts a 21-cent limit on those charges from the biggest banks in the country, according to Bloomberg.

North Dakota retailers sue Fed, demand lower debit fees

American Banker

Federal Reserve Compliance Debit cards Interchange fees North Dakota

Leader of North Dakota bank abruptly resigns

American Banker

Succession planning North Dakota Community banks RecruitingBNCCORP named an interim CEO as it looks for a permanent successor for Timothy Franz.

Alerus in North Dakota to buy retirement services firm

American Banker

The company agreed to acquire a Colorado plan provider that operates as RPS Plan Administration and 24HourFlex. M&A Retirement benefits Growth strategies

Bitcoin Daily: Argentinian Tax Authority Orders Crypto Firms To Report User Activity; Williston, ND Now Takes Crypto For Utility Bills

PYMNTS

The North Dakota city of Williston will now accept cryptocurrency as payment for utility bills. “We We are the first municipality in the State of North Dakota, and the third in the nation, to offer this service.”.

Coronavirus surge in Upper Midwest has bankers on edge

American Banker

South Dakota Credit quality Workforce management Coronavirus Consumer banking North Dakota Community banks WisconsinThe region now leads the nation in virus cases, and with winter lurking the fear is that the outbreak will only get worse.

Dakotas credit union trade group tweaks branding

American Banker

South Dakota Credit unions Branding North DakotaThe new name is the third time the association has modified its name since leagues for the two states merged in 2007.

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.

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

First Community Credit Union (ND) Has Competitive Rewards Checking

BankDeals

Available in the eastern half of North Dakota First Community Credit Union Kasasa Cash Checking and Kasasa Cash Back accounts currently offer competitive rates.

Rural U.S. states get larger share of PPP loans in latest round

American Banker

A rule change that allows farms with just one employee tap the Paycheck Protection Program means more pandemic relief funds are flowing into such states as Nebraska, Oklahoma, Wyoming and North Dakota.

1 st National Bank Offers Multi-State FNB Cash Checking

BankDeals

1 st National Bank offers its FNB Cash Checking (2.50% APY, up to $35k) in Iowa, Minnesota, North Dakota, South Dakota, and Wisconsin

Frontier Bank's Big Deal Cash Checking Available In Five States

BankDeals

Frontier Bank's Big Deal Cash checking and its companion Big Deal Saver savings account is available online in Iowa, Minnesota, Nebraska, North Dakota, and South Dakota

Google Slapped With Antitrust Lawsuit Filed By Coalition Of 38 States

PYMNTS

In addition to Texas, states involved in the Paxton suit include other Republican attorneys general from Arkansas, Idaho, Indiana, Kentucky, Mississippi, Missouri, North Dakota, South Dakota and Utah.

Bitcoin Daily: Canadian Youth Arrested in $36M Bitcoin Heist; Willston, ND Puts Bitcoin ATM in Airport

PYMNTS

Meanwhile, the city of Williston, North Dakota, is doubling down on its commitment to cryptocurrency. Williston is in northwest North Dakota, about 25 miles from Montana and 50 miles from Canada.

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

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. ABA Banking Journal ABA Banking Journal Podcast Community Banking Featured Policy Community development History Oil and gas Public banks Rural banking

Google Faces Lawsuit From Multiple States Over Digital Ad Tactics

PYMNTS

In addition to Texas, states involved in the suit include Arkansas, Idaho, Indiana, Kentucky, Mississippi, Missouri, North Dakota, South Dakota and Utah, WSJ reported.

Google 270

Fed To Examine Debit CNP Routing — Pressure Looms For Interchange Fees

PYMNTS

Late last month, for example, merchants (the North Dakota Retail Association and the North Dakota Petroleum Marketers Association ) filed suit in U.S. District Court in North Dakota against the Fed, alleging that the debit card fee cap , at about 21 cents, is too high.

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. ABA Banking Journal ABA Banking Journal Podcast Community Banking Featured Policy Community development History Oil and gas Public banks Rural banking

NYC Quarantine Violators Could Face Fines Of Up To $10K

PYMNTS

The rules require anyone traveling from Alaska, Indiana, Delaware, Maryland, Missouri, Montana, North Dakota, Nebraska, Virginia and Washington to quarantine for 14 days before being allowed to travel freely in those states. .

Seven States Approve Marijuana Measures

American Banker

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

Costco Plans For Five New Store Locations This Fall

PYMNTS

The new stores will be in Cherry Hill, New Jersey; Bismarck, North Dakota; Saratoga Springs, Utah; Surprise, Arizona and Idaho Falls, Idaho, Acorns reported.

Idaho 226

Senators Push For Bill That Would Force Retailers To Accept Cash

PYMNTS

Robert Menendez (D-New Jersey) and Kevin Cramer (R-North Dakota) have introduced a bipartisan measure that would forbid merchants from declining cash payments from customers as businesses promote contactless digital payments amid the COVID-19 health crisis, CNBC reported. If two U.S.

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

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.

NuORDER On Taking A Technology-Forward Approach To Combating Interchange Fees

PYMNTS

The North Dakota Retail Association and the North Dakota Petroleum Marketers Association filed suit in the U.S. The debate over interchange fees, often called “swipe fees,” has intensified as the volume of card payments increases globally.

Restaurant Chains Feast On Millions From PPP Program

PYMNTS

According to a Reuters analysis of SBA and Census Bureau data, 583 loans were extended for every 1,000 businesses 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. The move means that users of Stripe’s payments platform can now connect to TaxCloud to manage their U.S. sales tax obligations via the company’s sales tax application programming interface (API).

PSCU Study Shows Overall Spending Down Amid Coronavirus Pandemic

PYMNTS

In the eight states with no shelter-at-home orders – North Dakota, South Dakota, Nebraska, Iowa, Arkansas, Oklahoma, Wyoming and Utah – spending was still down, but by less.

Study 163

The case for end-to-end digital lending

Independent Banker

Although First State Bank & Trust serves a relatively rural market in northwestern North Dakota, the community bank is seeing a younger demographic and even older customers who are becoming more comfortable with technology and like the convenience of digital loans.

Durbin interchange battles resurface

CFPB Monitor

The North Dakota Retail Association and North Dakota Petroleum Marketers Association filed a lawsuit on April 29, 2021 against the Federal Reserve Board in a North Dakota federal district court seeking to invalidate Regulation II’s standard for reasonable and proportional interchange fees.