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Strategies for fighting remote authentication fraud

Independent Banker

Experts say community banks can use education, biometrics and solid cybersecurity practices to fight this growing area of crime. Say a scammer calls a community bank customer and gains their trust by using information obtained from a major data breach. By Elizabeth Judd. Examples of remote authentication fraud. New account fraud.

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And Then There Were 20 — The Amazon HQ2 Finalists

PYMNTS

Austin, Boston, New York and D.C. Boston, Massachusetts. Getting from 238 to 20 was very tough — all the proposals showed tremendous enthusiasm and creativity,” said Holly Sullivan, head of worldwide economic development for Amazon Public Policy, in a company statement. Politicians across the U.S. Austin, Texas. Columbus, Ohio.

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Coronavirus Refunds: MLB Might Give Your Money Back, But USC Won’t

PYMNTS

The network said the new MLB rules allow teams to set individual policies, permitting but not requiring refunds. For instance, the Boston Red Sox plan to offer ticket holders a refund, a credit for use toward another 2020 or 2021 game or the chance to exchange tickets for a game already missed for another one this season.

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CFPB announces senior leadership changes

CFPB Monitor

The individuals and their backgrounds as set forth in the CFPB’s press release are as follows: Andrew Duke will serve as the Policy Associate Director for External Affairs. Mr. Duke has 27 years of experience in public policy, including 20 years on Capitol Hill serving with three different members of Congress.

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CFPB announces advisory committee members

CFPB Monitor

Last week, the CFPB announced the appointment of new members to its advisory committees: Consumer Advisory Board (CAB), Community Bank Advisory Council (CBAC), Credit Union Advisory Council (CUAC), and Academic Research Council (ARC). Nadine Cohen, Managing Attorney, Greater Boston Legal Services (Boston, MA). Clarksdale, MS).

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Now is the time to prepare for the FedNow launch

Independent Banker

The FedNow Service is launching in early 2023, giving community banks about a year to plan. Here’s how community bankers, payments experts and fintech vendors suggest using the time to prepare. With less than a year until the scheduled launch of the FedNow Service, community banks are still awaiting updates on specifics.

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Amazon Same-Day Is Finally Expanding To The Bronx

PYMNTS

The move comes after community representatives complained that the service’s geographic limitations had some racial disparities. Amazon had last week pledged to serve the predominantly black Boston neighborhood of Roxbury. Amazon’s same-day delivery program is coming to the Bronx.