Payroll Fraud Could Cost KeyCorp $90M
PYMNTS
JULY 16, 2019
The customer involved in the fraud is Interlogic Outsourcing, which processes payrolls and is based in Elkhart, Indiana. The bank also recently announced an initiative to help local communities. The event occurred in the beginning of Q3. KeyCorp’s stock had been performing well up to Monday (July 15), when it was up 19 percent.
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