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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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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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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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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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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Why eCommerce Loves Ohio

PYMNTS

But, in actuality, if you want to see what the future of online retail looks like, you might need to look to Ohio. “For new development fulfillment centers, Ohio is usually at the top of the list for retailers,” Frank Layo, a retail consultant at Kurt Salmon, who advises retailers on supply chain and logistics planning, told CNBC. Ohio is ideally situated near large population hubs in the center of the country.

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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 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. Vending operators will be able to buy six PPE kits at first to sell via their snack machines that are meant to work with current coils, according to an announcement.

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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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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.

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

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.

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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.

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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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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

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.

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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.

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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

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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.

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

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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.

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Computer Virus Brings Ohio Town’s Government To A Halt

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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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Cortland Bank's New Choice Premier Checking Available Throughout Ohio

BankDeals

Cortland Bank's new Choice Premier Checking account earns a competitive rate on qualifying balances up to $25k. Companion Choice Savings earns a lower rate up to $25k

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Middlefield to Buy Liberty Bank in Ohio

American Banker

in Ohio has agreed to buy Liberty Bank in Beachwood, Ohio. Middlefield Banc Corp. community-banking oh m-a breaking_news dealmaking-strategy

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Ohio mutual lines up deal for southern Virginia bank

American Banker

First Mutual Holding has agreed to buy Martinsville First Savings Bank, which will retain its charter, brand and management team. Community banking M&A Mutual banks

Community Savings in Ohio Starts Mutual Conversion

American Banker

Community Savings in Caldwell, Ohio, has begun the process to convert from a mutual thrift to a stockholder-owned company. breaking_news dealmaking-strategy oh strategic-alternatives community-banking

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United Community to Buy Ohio Legacy

American Banker

United Community Financial in Youngstown, Ohio, has agreed to buy Ohio Legacy Corp. in North Canton for $40.3 million, or $18 a share, in cash and stock. breaking_news community-banking oh m-a dealmaking-strategy

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Middlefield Banc in Ohio Raises $11 Million

American Banker

in Ohio has raised roughly $11 million through several stock offerings. Middlefield Banc Corp. breaking_news community-banking

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First Commonwealth in Pa. to Buy DCB Financial in Ohio

American Banker

has agreed to buy DCB Financial in Lewis Center, Ohio, for $106 million in cash and stock. First Commonwealth Financial in Indiana, Pa., breaking_news community-banking m-a oh pa dealmaking-strategy

Farmers National in Ohio to Buy Insurance Agency

American Banker

Farmers National Banc in Canfield, Ohio, has agreed to buy Bowers Insurance Agency in Cortland, Ohio. breaking_news oh community-banking m-a dealmaking-strategy

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Call Me! Ohio Bank Chief Shares Mobile Number on Billboard

American Banker

Jack Kuntz, president and chief executive at American Savings Bank in Portsmouth, Ohio, recently put his personal cell phone number on a billboard off Interstate 71 in Cincinnati as part of an advertising campaign for his $260 million-asset institution.

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DOJ Settles Redlining Case with Ohio Banks for $9M

American Banker

The Department of Justice has agreed to a settlement with a pair of Cincinnati banks accused of redlining African-American neighborhoods in four cities in Ohio and Indiana. breaking_news consumer-finance mortgage housing sailthru-no-lead law-regulation

Activist Investor Calls for Sale of Wayne Savings in Ohio

American Banker

Wayne Savings Bancshares in Wooster, Ohio, is facing pressure to sell itself just weeks after its CEO resigned. breaking_news community-banking dealmaking-strategy

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Director at Citizens in Ohio Resigns Over Email Server Dispute

American Banker

A director at Citizens Independent Bancorp in Logan, Ohio, resigned after members of management chastised him for an email security breach. breaking_news bank-technology security data-breach people corporate-governance oh sailthru-no-lead community-banking

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