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Small banks' battle to thwart unemployment scams

American Banker

Peoples Bank in Arkansas and Main Street Bank in Massachusetts are getting smarter about spotting suspicious transactions tied to unemployment benefit fraud as well as warning customers what to watch out for.

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Congress Presses Fed On Real-Time Payments Plan

PYMNTS

That seems like a lifetime in this business,” said Congressman French Hill of Arkansas. Accessibility Beyond Big Banks. That means supporting access to the system for financial institutions of all sizes along with other licensed financial service providers, as well as prioritizing fraud mitigation and security to keep costs low.

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