Georgia news and trends

Stripe Applies for US Banking License to Expand Merchant Acquiring Capabilities
Digital-First Banking // April 04, 2025

Stripe’s application for a Merchant Acquirer Limited Purpose Bank (MALPB) charter has been accepted by the state of Georgia’s Department of Banking and Finance, bringing the financial infrastructure giant one step closer to directly accessing payment card networks. In a PYMNTS exclusive, Stripe detailed that...

AWS to Invest $11 Billion in Georgia to Expand AI Infrastructure
Amazon // January 07, 2025

Amazon Web Services (AWS) plans to invest at least $11 billion in Georgia to expand infrastructure to support cloud computing and artificial intelligence (AI) technologies. The investment is expected to create at least 550 new skilled jobs and bolster the state’s position as technology hub,...

Georgia Department Deploys ClassWallet Platform to Distribute Federal Funds
Disbursements // March 02, 2023

ClassWallet’s digital wallet technology platform is now being deployed in early childcare and preschool markets. Already used for state agencies, family scholarships, private schools and K-12 school districts, the platform has entered these new markets with a contract in which it will be used by...

Today in Crypto: DOJ Seizes $34M in Crypto From S. Fla. Dark Web Dealer; Will...
Cryptocurrency // April 05, 2022

U.S. federal prosecutors in the southern district of Florida have seized around $34 million in cryptocurrency tied to illegal dark web activity, a press release said Tuesday (April 5). Law enforcement agents have identified a South Florida resident who had been reportedly bringing in millions...

Quick Reads
Fiserv Processes First Card-Based Payment Transactions Under Special Bank Charter

April 30, 2025
The Georgia Department of Banking and Finance said Wednesday (April 30) that Fiserv merchant acquirer limited purpose bank (MALPB) has become the nation’s first chartered MALPB to process card-based payment transactions. The department said in a press release that the wholly owned subsidiary of Fiserv had its charter application approved by the Department on Sept. 27, received […]

AWS to Invest $11 Billion in Georgia to Expand AI Infrastructure

January 07, 2025
Amazon Web Services (AWS) plans to invest at least $11 billion in Georgia to expand infrastructure to support cloud computing and artificial intelligence (AI) technologies. The investment is expected to...

Georgia Department Deploys ClassWallet Platform to Distribute Federal Funds

March 02, 2023
ClassWallet’s digital wallet technology platform is now being deployed in early childcare and preschool markets. Already used for state agencies, family scholarships, private schools and K-12 school districts, the platform...

Today in Crypto: DOJ Seizes $34M in Crypto From S. Fla. Dark Web Dealer; Will...

April 05, 2022
U.S. federal prosecutors in the southern district of Florida have seized around $34 million in cryptocurrency tied to illegal dark web activity, a press release said Tuesday (April 5). Law...