Remove Fraud Remove Kansas City Remove Security Remove Technology
article thumbnail

New Wire Fraud Scam Reroutes Direct Deposit Paychecks

PYMNTS

KVC Health Systems, a child welfare nonprofit based out of Kansas City, has been hit with the scam. They might just say, ‘I need to update my direct deposit information,’” Erik Nyberg, director of information technology at KVC, told CNBC. “Or Or they start with, ‘Hey, do you have a second?’

Fraud 208
article thumbnail

Fed Names New Payments Security Leader

PYMNTS

Federal Reserve System has appointed its Payments Security Strategy leader, the agency announced Friday (Dec. He will lead the Fed’s initiative to address payments fraud risk and boost the security of payments in the U.S. Montgomery will also retain his position at the Boston Fed, where he focuses on services for the U.S.

Security 112
Insiders

Sign Up for our Newsletter

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

article thumbnail

New Cyberattacks Aim for ATM Management Systems

Independent Banker

It’s called ATM cash-out fraud, and it’s a new data security threat where physical attacks and cyberattacks converge. Even some multifactor security systems have been broken this way, says Dani Creus, a researcher with security software firm Kaspersky Lab in Woburn, Mass. Highlighting Technology Trends'

ATM 93
article thumbnail

Busting Out – mPOS And The Reshaping Retail Experience

PYMNTS

For better or worse, modern times dictate that most people carry their phones with them at all times, for both business and personal use.The same necessity for mobile technology adoption is increasingly becoming true for businesses with conventionally designed retail floors. Being engaging, rather than off-putting.

Retail 100
article thumbnail

Mobile Payments: What’s In It For Me?

PYMNTS

But security is an ever-present concern. However, our research continues to show that security remains a key concern for all mobile payment users.” ” While the Fed added fuel to the cybersecurity fire today as Kansas City Federal Reserve President Esther George stated that concerns with cybersecurity in U.S.

Mobile 100
article thumbnail

Congress Presses Fed On Real-Time Payments Plan

PYMNTS

House Committee on Financial Services Task Force on Financial Technology held a hearing Thursday (Sept. Despite some previous pushback, the Fed, represented by Federal Reserve Bank of Kansas City President and Chief Executive Officer Esther L. payments ecosystem. Global Connections.

Payments 174