article thumbnail

The Future of Checks – Tales From The Crypt

South State Correspondent

The debit card started to rise in popularity in 2004, as did an explosion of ATMs in 2005, affording the general population more access to cash. The channel is not secure, and any criminal can steal, forge, or alter the checks almost at will. From there, checks steadily declined.

Fraud 195
article thumbnail

Community Bank History: Peoples National Bank, Hallstead, Pennsylvania

Jeff For Banks

Community banks tout themselves as better than national and regional banks because of how close they are to their communities. When the bank opened in 1905, Hallstead was already a thriving community. But the communities the Bank serves continue to be resilient.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Kleptocracy & Foreign Public Corruption: New FinCEN Red Flags

Abrigo

The Financial Crimes Enforcement Network ( FinCEN ) has profiled this global issue by naming corruption one of the eight national security priorities. Securities and Exchange Commission launched investigations into political corruption and started legislative efforts to thwart such acts. Even at the community level, U.S.

Training 195
article thumbnail

Whitepages Pro CEO: Fraud 3.0 And Why Merchants Are Unprepared

PYMNTS

basically ran from the birth of Amazon to perhaps 2005 or so, when the verification of online shoppers’ physical addresses was a main feature of digital fraud prevention. That can serve to balance consumer convenience with more security. He described the current era as “Fraud 3.0.”.

Fraud 160
article thumbnail

Current State of U.S. Consumer Confidence

PYMNTS

The Independent Community Bankers of America’s group executive vice president of congressional relations and strategy, Paul Merski, commented on this to USA Today. The current president’s administration was hoping that the GDP would rise to three percent, which is something that has not happened since prior to the recession in 2005.

Retail 108
article thumbnail

Faster Payments: Does The Fed Have A Hidden Agenda?

PYMNTS

Steve Jobs, in his very famous 2005 Stanford commencement address , said connecting the dots was only possible with hindsight, by looking in the rearview window at the series of things that had happened over the course of one’s life to explain the actions of the here and now. TCH is the association of the 25 largest banks in the U.S.,

Payments 201
article thumbnail

How Singapore Is Fueling A ‘Smart Nation’

PYMNTS

Singapore is on a mission to build up a Smart Nation by utilizing innovation and technology to create opportunities and strengthen communities. According to the report, the number of startups in the city-state doubled from 24,000 to 42,000 between the years 2005 and 2013.

National 133