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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
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Fed Says America Needs Instant Payments As Soon As Possible

PYMNTS

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 .

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Fed Names New Payments Security Leader

PYMNTS

He will lead the Fed’s initiative to address payments fraud risk and boost the security of payments in the U.S. The position means Montgomery will chair the Secure Payments Task Force, one of several task forces the Fed has formed to promote innovation and advancement in the industry.

Security 112
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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
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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. But Phil VanMeerhaeghe, security engineer at Kansas City-based 10-D Security, recommends taking further steps to isolate ATM management systems altogether. Highlighting Technology Trends' Current Tech.

ATM 93
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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
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Mobile Payments: What’s In It For Me?

PYMNTS

” 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. payments networks were undermining public confidence in payments technologies, U.S. So how about offering guarantees?

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