Venmo - Providence Business News

TALKING IT OUT: Sean Daly, center, People’s Credit Union CEO and president, meets with members of his staff at the credit union’s headquarters in Middletown. With Daly is Denise Cole, left, and Cassandra Camara. People’s is among the Rhode Island credit unions that have seen a drop in yearly net income in 2023 and 2024 because of the interest rate environment.  PBN PHOTO/DAVID HANSEN

A TIGHT SQUEEZE: R.I. credit unions trying to shake off drastic...

Cover Story 02/14/2025

It’s times like these that Kathleen C. Orovitz is probably glad she runs a credit union instead of a bank. She’s the CEO and president...

WORTH IT? Lisa Roth Blackman, chief philanthropy officer at Rhode Island Community Food Bank, says the nonprofit had hoped that cryptocurrency might be a useful way for some to make donations, but it hasn’t worked out that way. PBN PHOTO/MICHAEL SALERNO

Crypto hasn’t lived up to promise for R.I. nonprofits

Economy 03/29/2024

In 2022, the Rhode Island Community Food Bank announced it would start accepting donations of cryptocurrency, joining a small group of local nonprofits seeking...

FINTECH COLLABORATOR: University of Rhode Island assistant professor H. Zafer Yuksel believes having URI join the Mass Fintech Hub will provide big benefits to Rhode Island students studying financial technology.  PBN PHOTO/MICHAEL SALERNO

URI hoping to close state’s fintech gap with cross-border alliance

Education 03/15/2024

In the relatively nascent sphere of financial technology, Rhode Island – echoing its relationship to the biotech industry – hasn’t caught up with neighboring...

WHEN R.I. COMMERCE Secretary Elizbeth M. Tanner was director of the R.I. Department of Business Regulation, she was a strong advocate for blockchain technology, which she preferred to call "distributed ledger" technology. PBN FILE PHOTO/MICHAEL SALERNO

X Corp. licensing in R.I. part of a bigger tech push?

Economy 09/08/2023

The "currency transmitter" license that Rhode Island recently issued to the company formerly known as Twitter Inc. is a common authorization in business dealings,...

Billions stored on digital payment apps may be unprotected, CFPB warns

Financial Services 06/12/2023

WASHINGTON – The Consumer Financial Protection Bureau has published a consumer advisory on digital payment apps heavily used by consumers and businesses. A CFPB analysis...

A FEW RHODE ISLAND-BASED nonprofits have either begun, or are beginning to, accept cryptocurrency as a donation option. / AP FILE/KIN CHEUNG

Some R.I. nonprofits beginning to accept cryptocurrency donations

Economic Activity 09/05/2022

PROVIDENCE – Fundraising is a significant element to a nonprofit’s operations in order for the organizations to serve their respective communities. While organizations regularly...