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North Lane, daVinci Payments Finalize Merger; Form Syncapay

PYMNTS

They now operate together under the Syncapay brand umbrella via a holding firm created with a new majority equity investment from funds that Centerbridge Partners advises, according to the announcement. “The 10) announcement. North Lane Technologies was known as Wirecard North America in the past.

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UPS Looks To Drones To Speed Up Delivery

PYMNTS

The company is also looking into extending its hours of operation and deploying autonomous delivery automobiles. “In In 2019, UPS launched more new services and operational innovations than in any year in the company’s recent history,” said UPS Chairman and CEO David Abney. “We billion into its facilities in Pennsylvania.

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These Are Your Most Profitable Cash Management Clients

South State Correspondent

For starters, a customer may carry large balances but not generate franchise value if those balances are all in high-paying money market accounts or are highly volatile. The value driver in cash management is that it is usually some sort of operating account at the bank. As such, operating accounts have low-interest rate sensitivity.

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Gearing Up New Operations

Independent Banker

A Pennsylvania community bank’s perspective on the rewards and potential perils of developing a separate business line. When Leto took the executive helm last year of Bryn Mawr Trust’s parent company, it was operating a very small insurance agency that was hardly making money. “We By Katie Kuehner-Hebert.

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Deep Dive: How The COVID-19 Virus Is Impacting The Online Gambling Industry

PYMNTS

Supreme Court decision allowed sports betting in 2018 and inspired 2019 laws that govern the fledging industry in 10 states and set guidelines such as how online casinos can operate and how sports betting would be taxed. Pennsylvania reported similar figures, with tax revenues from brick-and-mortar gambling declining to $50.5

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Grocery Roundup: New Amazon Fresh Store, SpartanNash Puts Incentives In ‘Fast Lane,' Walmart On Autonomous Delivery

PYMNTS

The new store in Woodland Park will take the place of a closed Fairway Market in a shopping center that also has a GameStop, Barnes & Noble and Kohl’s department store. Amazon bought Fairway Market stores in Woodland Park and Paramus, but it has not made plans known for location in the latter municipality.

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Feeding The Food Supply Chain: How COVID-19 Is Changing Farming Nationwide

PYMNTS

In New York City, the nation’s leading hotspot for COVID-19 cases, local farms and farmers markets are being proclaimed a necessity for safe produce shopping. With delivery services backed up for days, the open-air farmers market seemed the safest possible option. “I think the schools being closed drastically reduced demand.