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A Missouri bank is using tech to secure large deposits from public entities

Bank Innovation

Bank of Franklin County, a Washington, Mo.-based based bank with $273 million in assets, is using ‘cash sweep’ technology to gain large deposits from public funds without having to put up its own assets as collateral.

Missouri 364
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Coinbase Faces Class-Action Suit Over Sales Of Ripple's XRP

PYMNTS

Securities and Exchange Commission filed a lawsuit against Ripple Labs and some of its executives, alleging the company illegally skirted laws by classifying its XRP cryptocurrency as a commodity rather than a security, a Missouri man has sued Coinbase over its role selling XRP. A week after the U.S. 22 against Ripple Labs.

Missouri 160
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First Bank Takes Two-Pronged Approach To Fighting Internal, External Fraud Threats

PYMNTS

Despite the security investments needed to adequately safeguard new digital solutions, banks’ di gital-first innovations are fostering trust and satisfaction among customers. Deep Dive: Keeping Digital-First Banks Secure Even As Fraud Rises.

Fraud 235
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Brex Offers FDIC Insurance, Adds Chief Legal Officer

PYMNTS

a financial services holding company based in Kansas City, Missouri. This partnership aligns with UMB’s strategy of working with best-in-class innovators like Brex.”. Her role will include legal and compliance oversight including the company affiliate, Brex Treasury LLC, a Securities and Exchange-registered broker-dealer.

FDIC 166
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Amazon One Lets Consumers Pay With Their Hand

PYMNTS

The service is designed to be highly secure and uses custom-built algorithms and hardware to create a person’s unique palm signature.”. The initiative comes as shoppers continue to explore contact-free payment technology. Instead, he said, the palm images are encrypted and stored online.

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Young Consumers Love to “Buy Now, Pay Later” – Here’s What to Know About the Explosive Fintech Trend

Perficient

Pay in 4 is not currently available for residents of Missouri, New Mexico, North Dakota, South Dakota, Wisconsin, or any US Territories. But, the reality was, even though I felt more financially secure, I wasn’t technically in any less debt than I would have been had I just bought the shoes outright. According to Kristen E.

Fintech 474
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Travelers Expands Amazon Smart Home Program

PYMNTS

customers in Colorado, Missouri and Wisconsin. This unique offering helps customers better protect their homes, and provides our independent agents with an innovative way to differentiate themselves in the marketplace.”. Travelers is a major property casualty insurance provider for auto, home and business.

Idaho 139