Fintech consortium boosts Sacramento banking innovation

BankInovation

A recently launched fintech consortium in Greater Sacramento is already generating partnerships between local technology providers and financial institutions.

Sacramento Kings take a swing at checkout-free tech

Payments Source

Checkout-free tech has only just left the gate, but has tons of promise as a way to shed lines and collect data — just the mix that sports facilities are looking for. Digital payments Mobile payments Contactless payments Internet of things Retailers

Insiders

Sign Up for our Newsletter

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

Trending Sources

Impact Roadshow | Sacramento, CA

Filene

10:00 a.m. - 12:00 p.m. Local Host: Schools Financial Credit Union. Filene Host: Elry Armaza. Click the arrow below to REGISTER for this event: WHAT IS AN IMPACT ROADSHOW? It’s 90+ minutes of stimulating conversation about CU programs that have the potential to enrich your members’ experience and build a culture of success in your credit union.

Bitcoin Daily: CoinFLEX Takes Bets On Libra Launch; Germany’s Finance Minister Speaks Out Against Private Currency

PYMNTS

And the Sacramento Kings has announced the NBA’s first blockchain-powered reward program through a partnership with Blockparty. “We We have only just begun to see the benefits of blockchain technology as it transforms the way business is conducted worldwide, ensuring secure transactions across multiple sectors and customers,” Sacramento Kings Chairman, CEO and Governor Vivek Ranadivé said in a press release. “We

Morning Brief 10.8.19: EU presses Facebook for detailed answers about Libra's risk

Payments Source

Today: EU regulators question Libra; Payment startup pulls huge IPO; Sacramento Kings add blockchain; Stripe expands to Malaysia. The information you need to start your day, from PaymentsSource and around the web. Briefing

Bank of the West Adds ATMs for Young Customers on the Move

Bank Innovation

Bank of the West recently added 143 ATMs across the Denver and Sacramento metro areas through an agreement with ATM operator Cardtronics. One target? Millennials, actually. The San Francisco-based bank said it has tripled the number of cash access locations for its customers in Denver, to 151, and nearly quadrupled the number of those locations […].

Denver 150

Ace Hardware Plans New West Coast Distribution Center

PYMNTS

Centrally located between Sacramento and Los Angeles, the new facility will augment existing distribution centers in Rocklin, Calif. — the Greater Sacramento area — and Prescott Valley, Ariz.

California bank bets on two new markets to reverse lending slump

American Banker

Sierra Bancorp in Porterville has formed dedicated lending teams in Sacramento and Greater Los Angeles in its bid to accelerate loan growth following a sluggish 2019.

Suncrest Bank eyes small dollar lending to buoy PPP

BankInovation

Suncrest Bank, a commercial lender in the Greater Sacramento area, is expanding into the small dollar loan market this year as it looks to build on business gained through the Paycheck Protection Program, according to President and CEO Ciaran McMullan.

Canada's Wildpack Beverage to Start Taking Crypto Payments for Manufacturing, Packing

PYMNTS

Headquartered in Vancouver, Wildpack operates indirectly through its wholly-owned subsidiaries and out of facilities in Baltimore, Maryland; Atlanta, Georgia; Longmont, Colorado; Sacramento, California; and Las Vegas, Nevada.

9.12.18 Your morning briefing

Payments Source

Today: eBay pursues hands-free tech; Sacramento Kings text tickets; NFC reaches 7-Eleven; Hong Kong's 'bay area' gets UnionPay mobile; Ripple and R3 settle legal fight. The information you need to start your day, from PaymentsSource and around the Web. Briefing

Community Business Bank in Calif. Redeems Tarp-Related Shares

American Banker

Community Business Bank in West Sacramento, Calif., has finally put the Troubled Asset Relief Program in the past. breaking_news law-regulation compliance treasury ca community-banking

California Judge Strikes Down Gig Worker Exemption From Labor Law

PYMNTS

In a blow for Uber and Lyft, a California court has ruled that a 2020 ballot measure making it so rideshare and food delivery drivers were not able to be included in a state labor law is unconstitutional, The Sacramento Bee reported.

Today In Digital-First Banking: N26 Teams With Dosh On Cash Back; SoFi Inks $22.3 Million To Buy Golden Pacific Bancorp

PYMNTS

Golden Pacific has three branches — in Live Oak, Yuba City and Sacramento — and roughly $150 million in assets. In today’s top news in digital-first banking, N26 has joined forces with Dosh on cash-back perks, while SoFi is purchasing a community bank. Plus, J.P.

Verizon Expands 5G For Business Internet To 21 More Cities

PYMNTS

On Thursday, Verizon added “parts of Anaheim, Atlanta, Cincinnati, Cleveland, Dallas, Denver, Detroit, Indianapolis, Kansas City [Missouri], Las Vegas, Miami, Minneapolis, Phoenix, Sacramento, Salt Lake City, San Diego, San Francisco, San Jose, St.

DoorDash Unveils Latest Growth Strategy: Digital Convenience Stores

PYMNTS

DoorDash said it plans to add more cities in the coming months, including Baltimore, Denver, Sacramento and Concord, California.

Uber Eats Introduces Group Ordering

PYMNTS

The promotion rolled out in Austin, Denver, Los Angeles, Miami, Sacramento and Washington D.C., Uber has introduced a group ordering option, the company said in a blog post. .

Groups 211

Uber, Lyft Lose AB5 Appeal In California

PYMNTS

When violation of statutory workplace protections takes place on a massive scale, as alleged in this case, it causes public harm over and above the private financial interest of any given individual,” the appellate court said in its ruling, according to a Sacramento Bee report.

Amazon Grocery Delivery Expands To 3 New Cities

PYMNTS

As of today, according to an announcement from Amazon , three more cities are joining the Prime Now grocery delivery lineup: Denver, Sacramento and San Diego. “We’ve We’ve been delighted with the customer response to free two-hour delivery through Prime Now, and we’re excited to bring the service to our customers in Denver, Sacramento and San Diego,” said Christina Minardi, Whole Foods Market EVP of Operations.

eCommerce Grocer Weee Notches Almost $50M In Funding

PYMNTS

The company provides its offering in the San Francisco Bay Area, Los Angeles, Sacramento and Seattle. In Series B and Series B+ rounds headed up by VMG and XVC, California-based eCommerce grocer Weee notched almost $50 million in financing.

California Uber, Lyft Drivers File Lawsuit Over Prop 22

PYMNTS

Mary-Beth Moylan, associate dean of McGeorge Law School in Sacramento, told the AP that the drivers’ lawsuit makes good points, but that there will be obstacles to get around, such as having the case heard in California Supreme Court instead of the lower courts.

Grocery Stores Shutter In-Store Pharmacies

PYMNTS

Pharmacies in regional chains, like Sacramento, CA-based Raley’s Supermarkets, are downsizing, and the aforementioned Lunds & Byerly has shuttered all its pharmacies. Supermarket pharmacy counters are closing across the U.S. as they struggle to keep customers coming back.

Newsom Unveils California Stimulus Plan That Would Give Triple Payments

PYMNTS

The new stimulus plan comes as Newsom is facing the likely probability of a recall election later in the year, which Sacramento political veterans say could go either way depending on how the trajectory of the pandemic goes until then. California Gov.

‘Organized Retail Crime’ Is Growing (And Not Just Because Of The Pandemic)

PYMNTS

In California, state and local police last month broke up a ring that allegedly used fake coupons to get merchandise for free or reduced prices, then brazenly resold the items at a Sacramento storefront.

Amazon And Its Real Estate Effect

PYMNTS

Among those initiatives: Cincinnati, Ohio, and Sacramento, California, are changing workforce development programs to develop talent in the technology realm. The WSJ stated Sacramento’s postmortem call was somewhat complimentary. But Barry Broome, who serves as president and CEO of the Greater Sacramento Economic Council said his city is “now restructuring all of our workforce programs in the area,” with an eye on tech training.

WeWork Planning Public Offering With BowX SPAC Merger

PYMNTS

BowX is run by Vivek Ranadivé, owner of the NBA’s Sacramento Kings and founder of Tibco Software Inc. Shared office space firm WeWork is in merger talks with the special purpose acquisition company (SPAC) BowX Acquisition Corp. in a move to go public.

Zippin Raises $12M To Accelerate Cashierless Store Launches

PYMNTS

The company also recently introduced an autonomous concession stand in the Golden 1 Center, where the Sacramento Kings play NBA basketball. Zippin, a cashierless checkout technology company, has raised $12 million in a Series A funding round, according to a release.

Suburban Rents On The Rise As People Flee Major Cities

PYMNTS

Bloomberg reports that the rent in Los Angeles suburb Riverside increased 8 percent, and Sacramento saw an increase, too.

How COVID-19 Is Redefining Luxury Spending

PYMNTS

It’s amazing how busy we are,” jeweler Adrian Blanco recently told a Sacramento CBS affiliate. Face masks have become a part of most people’s day-to-day lives as the physical world reopens with some restrictions amid COVID-19.

7-Eleven Launches Beer Delivery In Select US Markets

PYMNTS

Lauderdale, Florida; New York, New York; Norfolk-Portsmouth, Virginia; Orlando-Daytona, Florida; Phoenix, Arizona; Portland, Oregon; Sacramento, California; San Antonio, Texas; San Diego, California; San Francisco, California; Seattle-Tacoma, Washington; St. Convenience store operator 7-Eleven is launching beer and cider delivery in select U.S. markets. Customers can place their beer orders via the 7Now app.

Bitcoin Daily: Crypto Startup Kadena Introduces Public Blockchain, NBA’s Kings Auction Jersey Using Blockchain

PYMNTS

In other news, NBA team the Sacramento Kings have announced that they’re going to auction off the jersey of starting guard Buddy Hield using a blockchain-powered marketplace, according to a separate report Wednesday by Coindesk. .

DoorDash Dives Into Grocery Delivery Business

PYMNTS

San Francisco, Los Angeles, Orange County, Sacramento, San Diego and California Central Coast customers can order from Smart & Final. Delivery powerhouse DoorDash has entered the grocery business, the company announced on Thursday (Aug.

Uber, Postmates To Meet With CA Judge To Argue Against AB5

PYMNTS

Drivers who shuttle passengers from airports in Sacramento, Santa Barbara and Palm Springs can charge as much as five times more than the price set by Uber on the ride. To put a stop to legislation that would transform gig workers from contractors to employees, Uber and Postmates Inc.

CA 163

Uber To Expand Bike, Scooter Investment With European Focus

PYMNTS

Uber said that eBikes and scooters are used the most frequently in Paris, followed by Sacramento and Seattle. Uber is planning to ring in 2020 with increased investment in electric bikes and scooters, with an emphasis on Europe, CNBC reported on Monday (Dec.

Nearly 100 Pizza Huts To Test Beer Delivery

PYMNTS

The new rollout will include cities such as Tucson, Prescott and Winslow in Arizona, and Los Angeles, Bakersfield, Sacramento and Santa Barbara in California. As restaurant operators seek to bolster sales in the face of weak traffic growth, Yum! Brands’ Pizza Hut is bringing beer delivery to approximately 100 of its restaurants in California and Arizona. The restaurant chain had begun testing the service in Phoenix back in December, Reuters reported.

Tucson 156