North Carolina Performed Its First Ever Mortgage eClosing

On May 5, 2017, North State Bank Mortgage completed North Carolina's first electronic mortgage closing. Before this closing, the majority of eClosings were just tests. However, North State Bank Mortgage intends to offer eClosings to customers as a faster and easier option.

North Carolina's First eClosing

The closing took place at the bank's office in Hickory, North Carolina. It only took about 20 minutes to complete, and the process was finished just after 12 p.m.

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Why the Move to Chip Readers Can Hurt Your Business

The 21st century brings a new normal to commercial transactions: the ever-present possibility of identity theft and remote credit card fraud. Criminals are now very sophisticated in the realm of hacking and accessing private accounts and lines of credit. Financial institutions are hard pressed to keep a step ahead of these cyber-bandits. One measure taken to counter these predators is the electronic microchip embedded in credit and debit cards. Information on the chips is less vulnerable to unauthorized access than that data found on the traditional magnetic strip. At first impression, the EMV (standing for Europay, MasterCard and Visa) card is an optimal solution to protecting consumer information. The burden on businesses, however, can offset the “smart card” advantages.

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Paypal to Offer Instant Bank Tranfers

PayPal has announced that they are setting up a plan to speed up any form of money transfers between all their services for those who use bank accounts and Venmo services with supported Visa debits and MasterCards. These new transactions will reach us at a rate of $0.25 per transaction. In this case, you will have your funds delivered in minutes instead of the normal working days it used to tale while using Venmo or PayPal.

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Trump Being Sued Over Private Businesses

President Trump comes to the office of the president with a background in business. As the top executive in the country, it is not surprising that he has created some potentially tangled business interests. In an effort to force him to begin to untangle them, officials in two parts of the country have decided to take him to court.

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How to Invest in Technology Innovations for Your Business

Technology plays many roles in the society. Technological innovation could be what differentiates you from your competitors in the market when adopted in the right way. Technology should be a tool, and it should solve a problem for your business. Technology should accomplish the following things:

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