article thumbnail

A Kentucky bank brings business clients' voices into security

Payments Source

The scourge of account takeover isn't lost on Citizens Union Bank, which is involving its business customers — or rather, their biometric traits — in improving the security of their accounts.

article thumbnail

The B2B Payments Fraud Threat Of Internal Employees

PYMNTS

Ten percent of business email domains are protected from spoofing , according to recent Security Boulevard reports. According to local Kentucky Today reports, $1.5 million was embezzled from a Kentucky school district , pointing to a former finance director, now the subject of an FBI probe.

Fraud 223
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Impossible Foods CFO David Lee Goes To AppHarvest

PYMNTS

Lee had worked with Impossible Foods since 2015 as chief financial officer, the release stated, and is “credited with significant growth accomplishments at Impossible Foods including securing more than $1.3 There are other facilities in Kentucky, including a 15-acre location to develop leafy greens, the release stated.

Kentucky 159
article thumbnail

SBA Fund To Run Out Of Money Today Unless Congress Adds More

PYMNTS

The PPP is part of the $2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act passed last month. As a result, the Kentucky Republican was unable to secure unanimous approval for the funding measure. Negotiations restarted Wednesday to replenish funding for the small business loan program.

Kentucky 231
article thumbnail

Today In Data: Bank Of America And Biometrics

PYMNTS

Following the Equifax data breach, biometrics and data security have come under increased scrutiny as more companies and consumers consider their security-enhancing features. As a result, new biometrics solutions are popping up, adding additional layers to protect data and secure accounts that need extra care.

America 119
article thumbnail

Proposed Payroll Tax Cuts Could Make Paychecks Larger

PYMNTS

Those revenues go to fund government programs — Medicare and Social Security for the most part. It is anticipated that Mitch McConnell (R-Kentucky), the majority leader of the Senate, will present legislators with a draft of stimulus legislation written by Republicans with the advice from the White House.

Taxes 151
article thumbnail

How Greyhound Bus Makes Fraudsters Play Fare

PYMNTS

The fraud prevention race is the same as it has always been, with merchants and security companies sprinting to stay ahead of cybercriminals to keep data safe and secure. Although fraud losses from banks, retailers and online platforms have continued into 2020, so has security innovation. About the Playbook.

Fraud 150