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Nordstrom Shutters Oregon Store As It Pushes To Go Private

PYMNTS

Nordstrom is making the rare move to shut down a full-line department store in Salem, Oregon, a decision that will likely cost about 130 workers their jobs. The switch to a private designation for Nordstrom has been underway since 2017, though the brand ran into hurdles in securing sufficient financing to make the deal happen.

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Lawmakers Eye Alternatives To Renter Security Deposits

PYMNTS

Lawmakers across multiple states are considering legislation to reconfigure the often burdensome security deposit structure that adversely affects renters of less financial means, according to the Wall Street Journal. As many as one fourth of all renters in the United States devote 50% or more of their monthly expenses to rent. Sittenfeld. “To

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IoT’s Impact On Supply Chains And Security

PYMNTS

The latest IoT Tracker delves into new applications for IoT, as well as its limitations, with a focus on supply chains and security. Digital platforms manufacturer Intel has been testing tracking and condition monitoring with blueberry farms in Oregon. What About Security?

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CDFI Beneficial State Bank, Aided by Abrigo, Goes All Out To Secure PPP Small Business, Nonprofit Loans

Abrigo

CDFI Beneficial State Bank, Aided by Abrigo, Goes All Out To Secure PPP Small Business, Nonprofit Loans. The post CDFI Beneficial State Bank, Aided by Abrigo, Goes All Out To Secure PPP Small Business, Nonprofit Loans appeared first on Abrigo. CDFI rapidly implemented PPP loan processing platform. Lending & Credit Risk.

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Why now is the time to update your bank’s corporate governance

Independent Banker

“[These] should be living and fluid documents that you update periodically based on changing risk and the bank’s ability to manage and mitigate that risk,” says Ron Green, CEO of $675 million-asset Oregon Pacific Bank in Florence, Ore. Oregon Pacific Bank had to close lobbies and send half of its workforce home. Quick Stat.

Oregon 91
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US Local Governments And The Slow Death Of The Check

PYMNTS

Digital and instant payment tools’ availability has yet to persuade the Oregon Department of Revenue to give up paper checks, for example. The Oregon Department of Revenue prefers to pay tax refunds through direct deposit, but checks are an option,” explained Robin Maxey, public information officer at the Oregon Department of Revenue. “We

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Square Partners With POWDR To Offer Ski Resorts Contactless Transactions

PYMNTS

POWDR chose to partner with Square because they help elevate the guest experience from enabling fast, secure, contactless payments to integrated online-ordering solutions,” Justin Sibley , co-president of POWDR, said in the release. Bachelor, Oregon; Woodward Park City, Utah; and SilverStar in British Columbia, Canada.

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