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The resulting entity will serve approximately 24,000 members with $225 millionin assets.

Dennis Zember, Ameris' chief operating officer, was named CEO of the company's bank. Edwin Hortman Jr. will continue to run Ameris.

Alternative data can be beneficial for individuals locked out of the financial system’s more conventional data types, but such data is open to manipulation or biased interpretation.

Bank of America is launching several upgrades to its mobile app meant to make the product more fun and essential to customers' daily lives. It is also expanding digital-only branches through which customers communicate with staff by video.

Digital currency surges past both $12,000 and $13,000 on Wednesday; the bank may make it back quickly, depending on the corporate income tax rate.

The information you need to start your day, from PaymentsSource and around the Web. Today: Travelers from China get more payments tech; Brave adds new content payments; Revolut adds support for more cyrptocurrencies; EMV matures.

PNC's new consumer lending platform will be marketed on a national scale.

Even the efficiencies of an upgrade may not be enough for the human touch that some higher-risk accounts require, leaving a "painful" process for merchants and acquirers.

Recent data breach events in September 2017 in the U.S., involving the stock value drop of Sonic as well as Equifax, are evidence of the negative impact of data breaches on the economic value of businesses. Clearly, they have become incidents of board-level importance, writes Justhy Deva Prasad, chief data partner at Claritysquare.

The $32 million purchase of Sunshine Financial will provide First Bancshares with its first branches in Tallahassee, Fla.