Ohio's credit unions swing at BNPL

Payments Dive

Buy now-pay later comments are due to the Consumer Financial Protection Bureau this week. And battle lines are being drawn over how to regulate a burgeoning industry

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Ohio Bill Urges Govt. To Adopt Blockchain

PYMNTS

Blockchain got a boost last week after the Ohio House Of Representatives introduced a bill that would let state government agencies use blockchain technology. According to Cleavland.com , the bill sponsored by Ohio Representative Rick Caragna is part of the state’s efforts to build a legal framework for the technology that underpins cryptocurrencies such as bitcoin. Ohio has been pushing to incorporate blockchain into government for some time.

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Coronavirus Refunds: Ohio State Buckeyes To Refund Ticket Holders

PYMNTS

The Ohio State University Department of Athletics is allowing football season ticket holders to receive a reimbursement for impacted game tickets or get a credit to use for a ticket purchase going forward through an “opt-out” option, according to a statement.

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CEO of Middlefield Banc in Ohio to retire

American Banker

Community banking Ohio

Ohio 51

Ohio To Let Businesses Pay Taxes With Bitcoin

PYMNTS

Ohio is leading the charge in terms of accepting bitcoin as a payment method, as it is the first state to accept bitcoin to cover tax bills. Mandel, who is 41 years old, sees the new program as a way to increase convenience for tax filers and as an opportunity for “planting a flag” for Ohio as digital tokens get more broadly adopted. “I I do see [bitcoin] as a legitimate form of currency,” Mandel said, noting that he hopes other states will follow Ohio’s lead.

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Overstock To Pay Some Ohio Business Taxes With Bitcoin

PYMNTS

3) that it will pay a portion of its state business taxes in Ohio in bitcoin, becoming the first major U.S. In a press release , Overstock said it plans to pay its commercial activity taxes (CAT) in Ohio this coming February using the state’s recently launched OhioCrypto.com platform, which lets taxpayers pay state business taxes with bitcoin. Ohio is the first U.S. Cryptocurrency bitcoin cryptocurrency News ohio taxes What's Hot

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Ohio Treasurer Suspends Bitcoin Business Tax Payment Program

PYMNTS

The state of Ohio has decided to end its support for bitcoin tax payments, state Treasurer Robert Sprague announced this week. It is vital that Ohio explores innovative, new technologies and processes that continue to drive Ohio into the future,” he said. However, we must make sure any new processes that are implemented, such as OhioCrypto.com, are established in accordance with Ohio law.”.

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Macy’s To Open New Ohio Distribution Center

PYMNTS

It looks like Macy’s will be doing some new building in in central Ohio, thanks to an awareness of some state tax incentives. The Macy’s project was one of six awarded tax incentives that are collectively expected to bring or create 1,280 jobs in Ohio while retaining about 3,019. Macy’s has a strong business in Ohio, and we are excited to continue building our presence in the state,” said Jeff Gennette, Macy’s chairman and CEO, in a statement.

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Ohio Banks Middlefield and Liberty Announce Merger

Banking Exchange

The merger will create a banking group with $1.8 billion in assets Management Feature M&A Feature3. 1Management

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Ohio Firms Team To Put PPE Into Vending Machines

PYMNTS

CLEANLIFE and D & S are both in Cleveland, Ohio. To make personal protective equipment (PPE) available via vending machines, PPE and medical safety product distributor CLEANLIFE and vending industry supplier D&S Vending are joining forces.

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Ohio Lottery Makes A New Bet on Mobile

PYMNTS

But playing and delivery methods keep changing, with Ohio of all places — no offense to the Buckeye State, home to multiple presidents and the Wright Brothers’ aerodynamic innovations — accounting for some of the latest developments. Nor do these mobile-enabled lottery cards represent Ohio’s first attempt to keep its edge when it comes to state lotteries. ” Worries about addiction also have come up with the launch of the mobile-enabled lottery cards in Ohio.

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Ohio Payday Loan Reform Supporters Get Green Light

PYMNTS

Consumer advocates in Ohio were granted permission to start collecting signatures to get a constitutional amendment regarding payday loan reform on the ballot. ” While Ohio voters overwhelmingly upheld a 2008 law aimed to regulate the industry and limit interest rates to 28 percent, lenders have been able to get around the regulation by registering under other state lending laws. ” Loans constitutional amendment News ohio PayDay Loan reform What's Hot

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Substitute Ohio Payday Loan Bill Friendlier To Lenders

PYMNTS

Loans consumer protection News Ohio Consumer Lenders Association payday lending bill Pew Charitable Trusts Scott Oelslager Senate Finance Committee Ted Saunders What's HotSenate Republicans expressed frustration because store owners still aren’t satisfied with the new payday lending bill, which is friendlier to lenders. You and your people have been involved in this bill for over a year since it was introduced,” Sen.

Ohio 106

Quitting while ahead: CF Bankshares exits consumer-direct mortgages

American Banker

Mortgages Ohio Community banks

Ohio 73

Ohio credit union merger takes effect

American Banker

Consolidations M&A Ohio Growth strategiesPathways Financial's acquisition of Standard Register FCU increases its foothold in the Dayton market.

Ohio 35

SB Financial entering new Ohio market with Edon Bancorp deal

American Banker

Community banking M&A Growth strategies OhioThe company will pay $15.5 million in cash for a bank with one branch and a large amount of low-cost deposits.

Ohio 50

Two Ohio credit unions set to merge by end of October

American Banker

Members of First Choice Community Credit Union will have access to mobile banking and other products once the institution becomes part of Credit Union of Ohio. Consolidations M&A Ohio Mobile banking Consumer banking Credit cards

Ohio 47

Siemens, Bytemark to connect multi-modal transit payments in Columbus, Ohio

Payments Source

Mobile payments Online payments Digital payments OhioSiemens Mobility has announced it’s working with Bytemark, a company Siemens partially owns, to develop a payment solution enabling riders to pay once for a trip across the city using multiple public and private modes of transit, from buses to scooters.

Ohio’s blockchain support will boost innovation for payments and fintech

Payments Source

ISO and agent Blockchain Fintech regulations Digital payments OhioThe law could further boost the state’s already vibrant financial services sector as well as spur additional innovation across the state’s economy, writes Valentina Isakina, financial services marketing director for JobsOhio.

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Ohio University Credit Union adds 8 counties to field of membership

American Banker

Credit unions Community charters Ohio Growth strategies Consumer banking Field of membershipThe expansion will give the $416 million-asset institution a deeper reach into southern parts of the state.

Ohio 47

Organizers propose new bank in Ohio

American Banker

First Bank of Central Ohio would be based near Columbus, where another group opened a bank last year. FDIC Capital De novo institutions Commercial banking Community banks

Park National to close 21 branches in Ohio and North Carolina

American Banker

The Ohio company said the decision reflects branch overlap and lower customer usage of the locations being shuttered. North Carolina Expense management Branch network Community banking Ohio

First Bank of Central Ohio Offers Competitive 12-Month CD Special

BankDeals

First Bank of Central Ohio (Columbus metro area) continues to offer a competitive 12-month Grand Open CD Special. Minimum opening deposit is $500, with no balance cap

Hillbilly Elegy Author J.D. Vance Heads To Ohio In Search Of Investment Opportunities

PYMNTS

According to reports, Vance is heading home to Ohio on the hunt for venture deals for Steve Case’s investment vehicle Revolution LLC. Ohio, by comparison, attracted $303 million, and Kentucky $22 million. “A Financial Inclusion funding hillbilly elegy JD Vance mithril News ohio Peter Thiel VC Venture Capital What's HotBefore writing the year’s surprise nonfiction hit Hillbilly Elegy , J.D.

Ohio 100

Top CD Rates at MyUSA Credit Union in Ohio

BankDeals

Ohio-based Heartland Federal Credit Union and MidUSA Credit Union recently merged and have rebranded as MyUSA Credit Union (MyUSA

Ohio 52

Pair of Cincinnati credit unions name new CEOs

American Banker

Career moves Credit unions Ohio Succession planning

Ohio 69

FDIC approves application for proposed Ohio de novo

American Banker

FDIC Capital Community banking Ohio De novo institutionsOrganizers of Riverside Bank of Dublin will need to raise $18 million before opening.

Ohio 30

Ohio State Bank Adds Limited-Time 18-Month CD Special

BankDeals

Ohio State Bank (Columbus area) has added a new limited-time 18-month CD Special to its product line. Minimum deposit is $500. Also available as an IRA CD Special

Ohio’s lieutenant governor gets paid gig at small bank, raising eyebrows

American Banker

Corporate governance Community banking Politics and policy

Ohio 61

Computer Virus Brings Ohio Town’s Government To A Halt

PYMNTS

A virus that infected the computer system of the Licking County government offices in Ohio has shut down the entire network, including that of the local police force, and a financial demand was made to restore everything back to normal, according to TechCrunch. The virus hit several local governments in Ohio and was the subject of a warning from the state auditor last summer.

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Why Ohio is gung-ho for cryptocurrency and blockchain

Payments Source

Many banks and government officials are dubious about crypto, but Ohio Treasurer Josh Mandel lets businesses pay their taxes with it and has put all the state government’s expenses on a public ledger. Digital currencies Digital payments Cryptocurrencies Blockchain Distributed ledger technology

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Ohio Grocer Adds Beacons from Verifone, Allrecipes

Payments Source

Verifone and its beacon technology provider Footmarks are partnering with Allrecipes.com and grocery retailer Marc’s in Ohio to deliver meal recommendations to shoppers. rewards sailthru_iso technology mobile news retail-acquiring

Ohio 61

Adoption is expensive. Ohio wants banks and credit unions to help.

American Banker

Credit unions Politics and policy

Ohio 64

Pew Charitable Trusts to host event on Ohio payday lending law

CFPB Monitor

focusing on Ohio’s Fairness in Lending Act. At the event, Ohio legislators from both sides of the aisle, business leaders, advocates, and researchers will discuss the Act. Payments State CFS Monitor State regulation colorado ohio payday loanThis afternoon, Pew Charitable Trusts will host an event in Washington, D.C.

Ohio 65

FDIC provides conditional approval for Ohio de novo bank

American Banker

Organizers of First Bank of Central Ohio will need to raise $20 million before it opens. Capital De novo institutions

Ohio 30