X nabs Rhode Island, Mississippi money licenses
Payments Dive
SEPTEMBER 7, 2023
The new licenses are aimed at advancing Elon Musk's campaign to expand the social media company formerly known as Twitter into the payments business.
Mississippi Related Topics 
United Mississippi Bank frees up internal IT resources through Jack Henry
BankInovation
DECEMBER 22, 2023
United Mississippi Bank continues to use Jack Henry’s Hosted Network Solutions to enhance its IT infrastructure without adding employees.
Mississippi 
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Mississippi AG Preps Antitrust Suit Against Google
PYMNTS
MARCH 19, 2019
The Mississippi Attorney General (AG) revealed that his office is preparing an antitrust case against Google , accusing the tech giant of controlling a “pipeline” of data. “We We attorneys general have authority under consumer protection acts to do both,” said Mississippi Attorney General Jim Hood, according to CNBC , on Monday (March 18).
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State Employees In Mississippi Targets Of Direct Deposit Scam
PYMNTS
FEBRUARY 22, 2019
News comes this week from Mississippi that state workers are being targeted by similar fraud attempts. In other attempts, noted at the time, fraudsters impersonated company executives and tried to solicit W-2s from payroll or human resources (HR) employees, with the aim of filing fraudulent returns on behalf of those employees.
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New Mississippi Law Limits State-Chartered Bank M&A to Other FDIC-Insured Banks
ABA Community Banking
MARCH 23, 2022
Under a new law signed by Mississippi Gov. Tate Reeves, only FDIC-insured banks can acquire or merge with Mississippi-chartered state banks. The post New Mississippi Law Limits State-Chartered Bank M&A to Other FDIC-Insured Banks appeared first on ABA Banking Journal.
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How a Mississippi credit union attracted $8 million in new deposits
American Banker
JUNE 14, 2024
Statewide Federal Credit Union in Flowood used its partnerships with Bankjoy and Strum Platforms to identify untapped communities in its field of membership and aggressively market its inaugural high-yield savings account.
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Renasant to acquire Mississippi bank for $1.2 billion
American Banker
JULY 29, 2024
The buyer said the all-stock deal to buy The First Bancshares would create a combined bank with $25 billion of assets.
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In latest move, Cadence reorganizes its management structure
American Banker
APRIL 4, 2024
The Tupelo, Mississippi, company announced a management simplification plan in which several executives, including the president and the chief financial officer, are gaining new responsibilities. Most of the changes took effect April 1.
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ABA Foundation reaches financial education milestone with 1,000 participating banks
ABA Community Banking
MAY 23, 2024
The ABA Foundation announced that DeKalb, Mississippi-based Commercial Bank became the 1,000th bank to participate in its free financial education programs. The post ABA Foundation reaches financial education milestone with 1,000 participating banks appeared first on ABA Banking Journal.
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A final look back at 2020: The ATM industry year in review
ATM Marketplace
JANUARY 4, 2021
Daryl Cornwell, CEO and owner of Triton Systems, a Mississippi ATM manufacturer, software, parts and service company reminds the ATM industry that 2020 may have brought COVID-19, but it also brought major changes to the ATM industry.
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Bancorp South Offers Rewards Checking In Eight States
BankDeals
FEBRUARY 3, 2021
Bancorp South offers its Performance Checking and Performance Savings accounts in Alabama, Arkansas, Florida, Louisiana, Missouri, Mississippi, Tennessee, and Texas.
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After buying bank accused of redlining, Cadence gets top CRA score
American Banker
JUNE 8, 2023
The FDIC gave Cadence Bank in Mississippi the highest possible rating on its most recent Community Reinvestment Act evaluation. Cadence was the product of a 2021 merger completed just months after the acquired bank settled a federal lending discrimination case.
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Cross border payment innovation and regulation drive each other
Bobsguide
FEBRUARY 14, 2019
Unheard of today, the New York & Mississippi Valley Printing Telegraph Company was founded in 1851. Five years later, the company was renamed Western Union. Arguably one of the first companies to transact across borders, Western Union tapped into its telegraph network to transfer money from one.
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Banks Seek Outside Help on CECL Amid Economic Recovery
Banking Exchange
JUNE 16, 2021
Mississippi-headquartered BancorpSouth Bank has joined the growing number of banks calling on external consultancies to assist with its handing of current expected credit loss (CECL) rules Compliance The Economy Feature Risk Management Feature3.
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Google Faces Lawsuit From Multiple States Over Digital Ad Tactics
PYMNTS
DECEMBER 16, 2020
In addition to Texas, states involved in the suit include Arkansas, Idaho, Indiana, Kentucky, Mississippi, Missouri, North Dakota, South Dakota and Utah, WSJ reported. “This internet Goliath used its power to manipulate the market, destroy competition, and harm YOU, the consumer,” Paxton's office said in a tweet Wednesday (Dec.
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Insurance deal too rich for Trustmark to pass up, CEO says
American Banker
APRIL 24, 2024
The Jackson, Mississippi, company will use proceeds from the sale of its Fisher Brown Bottrell Insurance unit to restructure its investment portfolio, moving $1.6 billion of low-yield securities off the balance sheet.
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Branch Business: The Banks Opening New Locations Across the US
Banking Exchange
SEPTEMBER 14, 2020
Merchants & Marine is expanding in Mississippi, while Woodforest National Bank is growing in North Carolina Management Feature M&A Feature3.
Renasant taps insider as next CEO, Aspiration spins out new brand
American Banker
APRIL 26, 2024
Mississippi's Renasant names its next CEO; environmental fintech Aspiration Partners spins out its consumer brand; the OCC adds five weeks to comment period for Capital One-Discover merger; and more in the weekly banking news roundup.
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Extra Federal Benefits Ease Layoff Decisions For Employers
PYMNTS
APRIL 7, 2020
A check of government benefits by PYMNTS found that while the weekly unemployment rate varies dramatically by state, from $235 in Mississippi to $823 in Massachusetts, they will all be paid more with federal dollars, at least through July. The minimum wage in Mississippi is $7.25 per hour for a weekly paycheck of $290.
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CFPB enters into consent order with small-dollar lender to settle alleged TILA and UDAAP violations
CFPB Monitor
JUNE 4, 2020
against Main Street, which represents “the total title finance charges made directly or indirectly by Affected Title Consumers to [Main Street] that exceed the amount of finance charges stated in the required TILA disclosure box in the Mississippi auto-title pledge agreements those consumers received.”
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Podcast: How CDFI status helps one community bank stay independent
ABA Community Banking
JANUARY 16, 2023
"We're a small bank, and it gets more expensive all the time to run a small community bank," says Andy Anderson, president and CEO of Bank of Anguilla in Anguilla, Mississippi. "As As long as we can do this profitably and remain in our community, that's what we want to do.".
Caesars To Resume Gaming, Hospitality Operations In Vegas
PYMNTS
MAY 22, 2020
The news comes as casinos in Louisiana and Mississippi are slowly starting to reopen , and visitors are traveling far distances and waiting in lines to enter the facilities. The gaming firm noted that its other Las Vegas properties and dining establishments are forecasted to open again “based on customer demand.”.
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210 NCUA issues lifetime ban for embezzlement
American Banker
OCTOBER 30, 2020
The National Credit Union Administration issued a prohibition order against a former employee of Members Exchange Credit Union in Mississippi.
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BancorpSouth in Mississippi to buy Cadence Bancorp. for $2.7 billion
American Banker
APRIL 12, 2021
(..)
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Podcast: ‘Folks Who Are Low-Wealth Also Need Wealth Advisers’
ABA Community Banking
OCTOBER 28, 2020
Homeownership, savings and holding down a job are three keys to financial well-being and moving out of generational poverty, so that's what Southern Bancorp focuses on in its home Mississippi and Arkansas Delta region, one of the nation's poorest.
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Starship Raises $17 Million To Develop Driverless Delivery Robots
PYMNTS
JANUARY 28, 2021
The past year has also seen the company's work expand to places like Arizona State, the University of Mississippi, UC Irvine and the city of Mountain View, California. Starship says it's seen demand increase five-fold since the pandemic began. The company also began working with The Save Mart Company in Modesto, the post says.
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22nd State Bank's Kasasa Cash Available In Four Southern States
BankDeals
JUNE 30, 2020
It is available in Alabama, Florida, Georgia, and Mississippi. 22nd State Bank's Kasasa Cash checking account has no minimum balance requirement or monthly service fee.
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58 Holly Springs Bancshares in Mississippi to buy neighboring bank
American Banker
AUGUST 5, 2020
The company will pay an undisclosed amount of cash for Marshall Financial, the parent of Citizens Bank.
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Banks in Mississippi's capital take steps to address pain of water crisis
American Banker
SEPTEMBER 3, 2022
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Initial Jobless Claims Fall to 787,000
PYMNTS
OCTOBER 22, 2020
10 were in California (+27,870), Illinois (+11,261), Massachusetts (+10,481), Georgia (+9,292), and Indiana (+7,840), while the largest decreases were in Michigan (-2,615), North Carolina (-2,362), Virginia (-1,733), Montana (-579), and Mississippi (-375). The largest increases in initial claims for the week ending Oct.
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Retail Foot Traffic Dips As COVID Cases Rise
PYMNTS
JULY 6, 2020
The biggest declines in shopping are happening in Mississippi, Texas, South Carolina, Louisiana and Alabama, according to the data. The other 37, plus Washington D.C., are seeing the economy slow down again, and CNBC reported that only eight of those states require masks as a rule rather than a recommendation.
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PSCU’s Lumin Enables Digital Payments For TN Credit Union
PYMNTS
FEBRUARY 18, 2020
Originally founded in 1957 to serve personnel on the naval base in Millington, Tennessee, First South Financial has expanded its financial services offerings across Tennessee and Mississippi. The addition of Lumin Digital gives the credit union (CU) another offering on its menu of digital financial products and services.
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Casino Reopenings Draw In Gamblers Despite Online Gaming Surges
PYMNTS
MAY 19, 2020
Casinos in Mississippi and Louisiana are reopening this week, and visitors are traveling long distances and waiting in lines to enter the facilities, according to a report from The Wall Street Journal.
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NXTsoft Welcomes New Customer Mutual Credit Union
Bobsguide
AUGUST 14, 2022
Chartered April 10th, 1931, Mutual Credit Union is Mississippi’s oldest credit union, and one of the Southeast’s most respected. NXTsoft is excited to welcome our newest customer Mutual Credit Union, who is using OmniConnect API Connectivity to save time & money.
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Apple To Shutter 30 More US Stores Again Amid Pandemic
PYMNTS
JULY 2, 2020
Locations in California, Alabama, Idaho, Georgia, Oklahoma, Nevada and Louisiana are set to shutter on Thursday, while shops in Mississippi, Texas, Florida and Utah were shuttered as of Wednesday (July 1). The tech company, which has 271 retail shops in the United States, has recently closed 47 stores again, CNBC reported.
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Are New Jersey and South Dakota becoming the new tech hiring hotspots?
BankInovation
AUGUST 28, 2020
According to the Mendix 2020 Software Developer Drought Index, counties in New Jersey, South Dakota and Mississippi have the largest gaps between tech jobs and available talent. “The Tech hiring is no longer confined to Silicon Valley.
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First Bancshares to enter southern Georgia with acquisition
American Banker
DECEMBER 18, 2019
The Mississippi company will also top $4 billion in assets when it buys Southwest Georgia Financial.
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Hancock Whitney to report big 2Q loss after agreeing to sell energy loans
American Banker
JULY 17, 2020
The Mississippi company said it decided to take aggressive measures to reduce its exposure to energy firms.
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MGM Resorts Admits To 2019 Hack
PYMNTS
FEBRUARY 20, 2020
MGM Resorts has locations in Las Vegas, Detroit, Mississippi, Maryland and New Jersey, and its properties include the Bellagio, Mandalay Bay, MGM Grand and Park MGM. The company also wants to use the space for other eSports events, as well as use other lounges and bars for similar events. “We
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Attorneys General To Join For Big Tech Investigation
PYMNTS
AUGUST 19, 2019
And Mississippi Attorney General Jim Hood said in a statement per that outlet that he is still “concerned with the aggregation of data in the hands of a few.” A spokesperson for North Carolina Attorney General Josh Stein said per the report that he is “participating in bipartisan conversations about this issue.”
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In bid for heft in Mississippi, BankFirst Capital to acquire Tate Financial
American Banker
JUNE 23, 2022
(..)
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Internal Memo: Simon To Reopen 49 Malls In May
PYMNTS
APRIL 28, 2020
The properties in Texas, Indiana, Alaska, Missouri, Georgia, Mississippi, Oklahoma, South Carolina, Arkansas and Tennessee will not be limited to curbside-pickup reopening like the ones happening in Texas, the report said.
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BankFirst adding to Alabama operations with T&F purchase
American Banker
FEBRUARY 5, 2020
The Mississippi company will pay $49 million for Traders & Farmers Bancshares.
Alabama 41
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Last Labor Report Before Election Shows Drop In US Jobless Claims
PYMNTS
OCTOBER 29, 2020
During the week ending Oct.
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