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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 Man Pleads Guilty To $2.5 Million PPP Swindle

PYMNTS

A Leesburg, Virginia, man pleaded guilty to a federal bank fraud charge that he stole $2.5 District Attorney’s Office for the Eastern District of Virginia stated in the release. attorney for the Eastern District of Virginia, in the release. Department of Justice announced in a press release.

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W Virginia Withholds Payment To Tax Delinquent Vendors

PYMNTS

The West Virginia State Auditor’ s office has announced a new tax program aimed at vendors who owe the state money. The vendor will not be able to resume business in West Virginia until it has corrected its delinquency. The program will prevent vendors who owe the state money from being payed.

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Contingency plans pay off for some FIs during pandemic 

Bank Innovation

Virginia-based Pentagon Federal Credit Union, for one, was already more than one year into forming its contingency plan to facilitate employees to work from home by the time COVID-19 hit the U.S.

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

PYMNTS

Large-scale orientation events meant to establish bonds among students are naturally out of the question, and universities are also having to adjust the ways they identify students or finalize their housing or student aid to suit online channels, according to Corey Farris, dean of students for West Virginia University.

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Capital One Permanently Exits Mortgage and Home Equity Business

Bank Innovation

The Virginia-based bank announced an abrupt, and permanent, closure of its mortgage and home equity origination business this week, citing that the sector was too competitive for the bank to turn a profit. No more Capital One mortgages. Capital One first acquired its mortgage division in 2009.

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Amazon expands cashierless supermarket chain

Payments Dive

That latest opening in Fairfax, Virginia, is the first of four in that suburban area that Amazon plans to open. The tech juggernaut opened its first full-size checkout free Fresh store on the East Coast this week in suburban Washington, D.C., bringing the chain total to 27 nationwide.

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