In the guest chair:
Gimme Vending Inc., builds tools for vending people that boost cash accountability, save operating costs, and add total mobile control. They reinvent unloved vending technology to make simple, fast, and beautiful tools.
- Wells Fargo and Bank of America — both major players in the metro Atlanta market — have deployed engineers to integrate the Apple Pay mobile payment systems into their ATMs, according to Tech Crunch. Wells Fargo says its looking to have the wallet-less payment option available to customers as soon as the second quarter of this year.
- Credit Suisse Group and Barclays PLC are set to agree to pay $154.3 million combined to settle investigations by regulators into their “dark pools,” according to The Wall Street Journal. The record settlements are with the U.S. Securities and Exchange Commission and the New York attorney general. A news conference is scheduled for today. The settlements are the biggest so far related to dark pools, which are privately run stock-trading venues that regulators and other critics have said of provide unfair advantages to professional traders at the expense of big institutions, (and regular people!).
- The Sports Authority Inc. has laid off 100 employees, mostly from its corporate headquarters, further signaling trouble at the sporting goods chain. The layoffs on Friday in Englewood, CO, follow a decision earlier this month by the company to skip an interest payment on a $300 million secured term loan, which has sparked concern among vendors and industry-watchers.
In the local headlines:
- New real estate development projects:
- An $80 million mixed-use project is set to break ground beside the Avondale MARTA station — one of several transit-oriented developments MARTA looks to kick off this year. Atlanta-based Columbia Ventures LLC expects to launch construction in May on Phase One of a project called E. Co Decatur for its location on East College Avenue.
- RocaPoint Partners wants to transform a blighted 17-acre property along the Atlanta Beltline’s planned Southside Trail, eventually adding at least 300 housing units in an area where investment continues to blossom. The group has assembled the land at Confederate and Avondale avenues, a property that’s been vacant for years. Construction is expected to begin this summer
- A $20 million conversion of industrial buildings into loft offices is getting under way and adding some momentum to what’s now being called Atlanta’s upper westside. The area is centered around the intersection of Defoor Hills and Collier roads, just west of I-75 that is currently filled with low-rise industrial buildings but surrounded by a wave of new investment in residential and retail.
- An Atlanta Democrat introduced legislation into the Georgia House of Representatives this week to restore state income tax credits for electric vehicles. Rep. Margaret Kaiser’s bill would provide tax credits of up to $3,000 to Georgians who buy or lease an EV. The credits would expire at the end of 2019. The bill does not have support from the Republicans, so it’s not likely to get past the Republican majority state senate, but you never know. At the end of last year, Georgia went from one of the friendliest state for Electric Vehicles to one of the worst. Where we use to have a $5K tax credit we now have a $200 charge instead. We’re one of the few states to even have a charge and ours is among the highest.
- Congrats to Pindrop Security. They have raised a $75 million Series C funding round led by Google Capital. The Atlanta startup has developed phone fraud-busting technology to address a multi-billion dollar problem. Did you know that nearly 30 percent of identity thefts in the U.S. start with a phone call? Crazy.
For other events and appearances: check out Dana’s event calendar: http://danabarrett.com/events/.