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. An analyst at Baird said the revelations were “unfortunate” but “manageable.”. While we acknowledge that this isn’t a pretty headline, we believe any weakness beyond 1.5 KeyBank’s five-year, $16.5
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