PYMNTS
FEBRUARY 20, 2020
A recent academic study found that company CFOs are less likely to admit to fraud when they’re facing pressure to meet certain financial goals, according to Forbes. The study was done by researchers from North Carolina State University, the University of Missouri-Kansas City and the University of Chieti-Pescara in Italy.
PYMNTS
APRIL 9, 2019
KVC Health Systems, a child welfare nonprofit based out of Kansas City, has been hit with the scam. The fraud is fairly easy to pull off because it ignores and bypasses many existing controls for capturing it. Once the changes are made, a paycheck will go directly into a criminal’s account.
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PYMNTS
AUGUST 7, 2020
Brainard, Kansas City Fed President Esther George and Boston Fed First Vice President Kenneth Montgomery also noted that the FedNow system will provide another option in a landscape already populated by, for example, The Clearing House Payments Co. Combatting Fraud — And Addressing Competition And Costs .
PYMNTS
DECEMBER 5, 2019
“Our payment system is a vital part of America’s infrastructure that touches everyone,” said Esther George, president and chief executive officer of the Federal Reserve Bank of Kansas City. The FPC will also provide education about faster payments and fraud mitigation.
PYMNTS
DECEMBER 11, 2017
He will lead the Fed’s initiative to address payments fraud risk and boost the security of payments in the U.S. Kenneth Montgomery, first vice president and chief operating officer of the Federal Reserve Bank of Boston, is taking up the position. Treasury and financial market, among other responsibilities.
PYMNTS
AUGUST 10, 2016
John Huff, director of the Missouri Department of Insurance, said in a statement in the report that information on 411,786 members of Blue Cross Blue Shield of Kansas City was potentially taken. Social Security numbers, medical information, bank account numbers and claims information were not part of the hack.
Independent Banker
NOVEMBER 13, 2014
It’s called ATM cash-out fraud, and it’s a new data security threat where physical attacks and cyberattacks converge. But Phil VanMeerhaeghe, security engineer at Kansas City-based 10-D Security, recommends taking further steps to isolate ATM management systems altogether. Current Tech. By Maria Korolov.
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