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Virginia-based bank provides Bitcoin access at ATMs

Payments Dive

Virginia-based Blue Ridge Bank is partnering with ATM operator BluePoint ATM Solutions and Bitcoin ATM software provider LibertyX to facilitate access to the cryptocurrency. This announcement comes as banks and regulators appear to be warming to digital assets, and as Bitcoin continues to gain value and attention.

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Virginia Enacts Law Requiring Licensure of Student Loan Servicers

CFPB Monitor

One Wednesday, Virginia enacted a law that requires student loan servicers to be licensed. While Virginia opened its “Office of the Qualified Education Loan Ombudsman” in 2019, efforts to require licensure of student loan servicers had previously failed. Then, on April 11, the Governor sent an amended version back to the legislature.

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West Virginia University On Transitioning New Student Onboarding To An Online Future

PYMNTS

Faculty and staff members are attempting to control COVID-19’s spread to keep everyone safe and maintain smooth operations while also managing higher online portal volumes and other troubles related to education environments’ new realities. Universities across the U.S.

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How Finfit is building out its financial toolkit for hourly and other workers

Bank Innovation

The field of fintech companies focusing on people who live paycheck to paycheck continues to grow, with Virginia Beach-based Finfit picking up $7 million in Series B equity funding on Friday. The 11-year-old company operates a digital financial wellness platform for workers that is available through […].

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Google’s Drone Delivery Unit Wing Gets Nod By FAA

PYMNTS

With the FAA approval Wing will be able to make drone deliveries in an area of southwest Virginia. The report noted the exact locations are still up in the air, but the drones will only be able to operate during the day when the weather is clear.

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FAA Green-Lights UPS Drone Deliveries Throughout US

PYMNTS

The Federal Aviation Administration (FAA) announced that the United Parcel Service (UPS) has won the first-of-its-kind air carrier and operator certification to an unmanned aircraft system (UAS, or drone) delivery company, UPS Flight Forward. It’s not going to be a small operation.”.

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Capital One Treasury Head: AI and ML Driving Customer Experience Improvements

Bank Innovation

Phil Beck, Head of Treasury Management at Capital One, is almost a year into his job at the McLean, Virginia-based bank, where his focus has been getting commercial banking up to speed with the digital economy.