X picks up two more state money licenses
Payments Dive
NOVEMBER 30, 2023
South Dakota and Kansas are the first states to grant X money transmitter licenses since September, inching the social media platform closer to adding a payments feature.
Kansas Related Topics 
Small Kansas bank failed because its CEO fell for a crypto scam: Report
American Banker
SEPTEMBER 28, 2023
Two months after the mysterious failure of the Heartland Tri-State Bank in Elkhart, Kansas, a news article sheds light on its downfall. CEO Shan Hanes was involved in a cryptocurrency hoax involving a $12 million wire payment, according to the Bloomberg Businessweek report.
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Kansas, Missouri up penalty for ATM theft
ATM Marketplace
MAY 24, 2022
New laws from Kansas and Missouri will up the penalty for ATM theft.
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Regulator: Failed Kansas bank 'victim of a scam'
American Banker
AUGUST 4, 2023
Kansas Banking Commissioner David Herndon told American Banker that his agency declared Heartland Tri-State Bank insolvent because of a "very sudden" event that crippled the bank financially.
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Kansas Passes an Act Requiring Mortgage Companies, Supervised Lender, and Money Transmitters to Create Information Security Standards Consistent with GLBA’s Consumer Information Safeguard Rule
CFPB Monitor
MAY 22, 2023
On April 24, the Governor of Kansas signed into law Kansas Senate Bill 44 , which enacts the Financial Institutions Information Security Act (the “Act”).
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Lessons Learned From the Fourth United States Bank Failure of 2023
Perficient
AUGUST 16, 2023
In 2017, the bank was converted from its National Charter to a Kansas state-chartered bank and renamed Heartland Tri-State Bank. The FDIC’s Division of Liquidation then brokered a deal for Dream First Bank, a National Association of Syracuse, Kansas, to take over the branches of Heartland Tri-State Bank.
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'We're not in Kansas anymore': Summit focuses on elevating CX in a digital banking world
Payments Dive
APRIL 12, 2018
With a lot of courage, heart and brains, Suresh Ramamurthi and his wife Suchitra Padmanabhan turned a failing bank into a fintech phenom in tiny Weir, Kansas. In a keynote at the BCX Summit, Ramamurthi will talk about CBW's journey — and its far-reaching implications for the bank customer experience.
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Silver Lake Bank Offers Kasasa Brand Products In Eastern Kansas
BankDeals
DECEMBER 10, 2020
Silver Lake Bank (KS) offers its Kasasa Cash checking account and Kasasa Saver savings account to residents of eastern Kansas through online application.
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5 ways to reignite customer relationships for growth
Accenture
APRIL 13, 2023
If you think we’re not in Kansas anymore, you’re not alone. Banking has been blasted by the winds of change in 2023. The industry right now has a surprising amount in common with some of the most iconic characters from The Wonderful Wizard of Oz, the famous L.
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First US non-Amazon-owned grocer to use palm-scanning tech
Payments Dive
DECEMBER 6, 2022
The retail giant is serving as a technology vendor to an independent grocer reopening soon in Kansas City, Missouri.
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Kansas City Fed issues research briefing on buy now, pay later
CFPB Monitor
NOVEMBER 23, 2021
The Federal Reserve Bank of Kansas City recently issued a research briefing titled “ The Appeal and Proliferation of Buy Now, Pay Later: Consumer and Merchant Perspectives.”. The briefing divides buy now, pay later (BNPL) products into two main types based on how they are offered to consumers.
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Hawthorn Bank's Platinum Checking Available In Missouri And Kansas
BankDeals
JULY 27, 2020
Available to residents of Missouri and Kansas. Hawthorn Bank's Platinum Checking currently earns a competitive rate on qualifying balances up to $25k.
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Alva State B&T Offers Kasasa Cash In Kansas, Oklahoma, and Texas
BankDeals
OCTOBER 28, 2020
Alva State Bank & Trust offers its Kasasa Cash checking account and the companion Kasasa Saver savings account to residents of Kansas, Oklahoma, and Texas.
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Central Payments snags $30M
Payments Dive
AUGUST 15, 2022
The banking-as-a-service company wants to expand its reach as it spins off from the Central Bank of Kansas City.
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Peoples Bank and Trust Offers Kasasa Products In Central Kansas
BankDeals
FEBRUARY 13, 2021
Peoples Bank and Trust offers its Kasasa Cash checking account the companion Kasasa Saver savings account throughout Central Kansas.
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This week’s podcast episode: A close look at open banking and the role of data aggregators, with special guests Julian Alcazar, Payments Specialist, Federal Reserve Bank of Kansas City, and Adam Maarec, Senior Director and Associate General Counsel, Capital One
CFPB Monitor
SEPTEMBER 30, 2022
To read an article published by the Federal Reserve Bank of Kansas City and co-authored by Mr. Alcazar, “ Data Aggregators: The Connective Tissue for Open Banking ,” click here. Alan Kaplinsky, Ballard Spahr Senior Counsel, hosts the conversation. To listen to the episode, click here.
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Fed hits Kansas-based Small Business Bank with enforcement order
American Banker
SEPTEMBER 5, 2023
The $100 million asset bank ran afoul of various regulatory standards, including credit oversight, anti-money laundering controls and third-party risk management.
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Why Kansas bank failure did not raise alarms for industry
American Banker
JULY 31, 2023
Regulators noted the demise of Heartland Tri-State Bank involved an isolated problem. Industry observers cautioned against prediction of more failures to follow, saying second-quarter earnings show community banks generally remain in sound financial health.
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World Central Bankers Discuss Alternatives To The Dollar
PYMNTS
AUGUST 25, 2019
The 2019 Kansas City Federal Reserve’s annual symposium gathered the top monetary policymakers worldwide to kick around ideas to topple the dollar’s power, Bloomberg reported Sunday (Aug. Each year since 1978, the Federal Reserve Bank of Kansas City has sponsored a symposium on an important economic issue facing the U.S.
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For Ag Lenders, Farm Outlook Warrants Watching
Abrigo
JUNE 29, 2022
The Kansas City Fed reported in May that wheat and corn prices were 60% and 30% higher, respectively, than a year earlier at the end of the first quarter. Kansas City Fed researchers in late May reported, “Farm production expenses, which had already been on the rise, increased even more sharply in the first quarter…. Interest: 10.4%
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First Kansas Bank to buy Lorraine State Bank
American Banker
DECEMBER 9, 2020
First Kansas, part of the multibank holding company Ottawa Bancshares, expects to complete the acquisition early next year.
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A sales pitch became a vendor's winning legal argument in Kansas surcharge case
Payments Source
MARCH 1, 2021
CardX, which enables merchants to add a fee for accepting credit cards, won by showing how its product provides transparency to consumers.
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Google, Amazon Tech Help States Handle Jobless Claim Boom
PYMNTS
MAY 12, 2020
Google and Amazon Web Services are assisting Rhode Island, Kansas, Illinois and New York in processing the unprecedented number of unemployment claims prompted by the coronavirus crisis, The Wall Street Journal (WSJ) reported. Help is on the way for beleaguered states facing a record number of jobless claims.
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First FitBit, Now Garmin Releases Smartwatch with Payments
Bank Innovation
AUGUST 31, 2017
The Olathe, Kansas-based Garmin announced the new smartwatch today at the International Franchise Association’s […]. Today, wearable maker, Garmin International announced a new smartwatch, Vivoactive 3, that will have a contactless payment feature for MasterCard users. Visa is supporting payments for he device as well.
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Market Commentary: Week of April 11, 2022
SWBC's LenderHub
APRIL 11, 2022
Last week was highlighted by carnage in the long end of the Treasury yield curve as both Federal Reserve Vice-Chairwoman Lael Brainard and Kansas City Federal Reserve Bank President Esther George took to the airwaves to say that the Fed would be reducing its $8+ trillion balance sheet very soon.
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Last Labor Report Before Election Shows Drop In US Jobless Claims
PYMNTS
OCTOBER 29, 2020
17 were in Massachusetts (+5,442), Kansas (+3,010), Virginia (+2,255), Texas (+616) and Minnesota (+493), while the largest decreases were in California (-16,207), New York (-11,495), Georgia (-9,274), Florida (-7,834) and Michigan (-7,774). During the week ending Oct. The largest increases in initial claims for the week ending Oct.
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'We're not in Kansas anymore': Summit focuses on elevating CX in a digital banking world
ATM Marketplace
APRIL 12, 2018
With a lot of courage, heart and brains, Suresh Ramamurthi and his wife Suchitra Padmanabhan turned a failing bank into a fintech phenom in tiny Weir, Kansas. In a keynote at the BCX Summit, Ramamurthi will talk about CBW's journey — and its far-reaching implications for the bank customer experience.
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How Academy Bank is using video to improve service efficiency
Bank Innovation
SEPTEMBER 9, 2019
When customers walk into one of Academy Bank’s new branches, a banker will guide them to a screen where they can video chat with a specialist at Academy’s headquarters in Kansas City.
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Zelle outage, FedNow, Apple Card: Top banking news for July 2023
American Banker
JULY 31, 2023
In July's roundup of American Banker's favorite stories: A Zelle outage at JPMorgan Chase could cause headaches for other banks, talking points for understanding FedNow, the Elkhart, Kansas-based Heartland Tri-State Bank is shuttered by the Federal Deposit Insurance Corp. and more.
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69 Lead Bank and GoldBean Will Talk Bank-Startup Success at Bank Innovation 2018
Bank Innovation
FEBRUARY 26, 2018
At Lead Bank, a Kansas City, Mo.-based EXCLUSIVE – Josh Rowland, Chief Executive Officer and Vice Chairman of Lead Bank, will join Jane Barratt, CEO of GoldBean, to discuss banking innovation and bank-startup partnerships. Bank Innovation 2018 will take place March 5-6 in San Francisco.
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nbkc bank Taps Finastra to Build Conversational Banking App
Bank Innovation
MAY 22, 2019
Kansas City-based nbkc bank is building a conversational banking app with Finastra on the vendor’s growing FusionFabric.cloud open platform.
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Community Bank Outlook: Challenges and Opportunities in 2021 and Beyond
Abrigo
AUGUST 6, 2021
Economy , supervisory and risk specialists from the Federal Reserve of Kansas outline top challenges and opportunities regarding the future of community banking. One key area that can be both an obstacle and an opportunity for community banks is technology, the Federal Reserve Bank of Kansas City says. Digitalization.
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Umpqua brings retail banking to Utah, CUSO teams with gift-card firm
American Banker
OCTOBER 27, 2023
Umpqua Bank introduces retail banking in Utah, Kansas City CUSO partners with New York gift-card firm, Huntington Bank looks within for new chief DEI officer and more in the weekly banking news roundup.
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5 questions with … UMB Bank Chief Information and Product Officer Uma Wilson
BankInovation
AUGUST 1, 2022
UMB Bank Chief Information and Product Officer Uma Wilson has focused on bringing together the technology and product development teams since assuming her role at the Kansas City, Mo.-based based bank in 2021.
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Kansas credit union regulator to retire this month
American Banker
NOVEMBER 9, 2020
Laura Kelly has nominated Vickie Hurt to succeed Jerel Wright, who will step down Nov.
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At home with HOA banking
Independent Banker
JUNE 30, 2022
Location: Kansas City, Mo. Academy Bank in Kansas City, Mo., is a full-service commercial bank with 80 branch locations in Arizona, Colorado, Kansas and Missouri. billion-asset holding company also headquartered in Kansas City. Today, the community bank has successful relationships with HOAs across the country.
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Wrap of week #22: Midwest, Southwest, Insurtech, Altfi, Payments
Bank Innovation
JUNE 5, 2016
Last week we hovered over the Midwest and the Southwest; Kansas and Austin, TX. Kansas: A global alternative exchange that IPO’d; BATS exchange. Austin TX: An alternative credit history builder running in a bank; SelfLender. We continued our Insurtech coverage focusing in the Auto Industry with 21 ventures.
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Kansas City Fed names veteran banker and regulator as chief
American Banker
AUGUST 2, 2023
Schmid will assume Esther George's former role on August 21.
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Once Upon A Time: How An Examiner’s Enlightened Words Turned This Bank Around
South State Correspondent
NOVEMBER 4, 2014
It used to be a great bank with branches filled with vibrant customers and earnings as thick as Kansas soil. Once upon a time there was a bank that was close to failure. However, over time customers moved on and the staff started to feel that they had little to offer compared to the largest of banks.
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XPO Logistics’ Stock Tanks On Potential Loss Of Amazon As A Customer
PYMNTS
FEBRUARY 17, 2019
One employee told the news service that XPO is shutting down facilities in Aberdeen, Maryland; Edgerton, Kansas; and Rialto, California, all of which count Amazon as a customer. Another employee said a 571,000 square foot facility in Aberdeen, Maryland was in charge of work for Amazon.
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Google Slapped With Antitrust Lawsuit Filed By Coalition Of 38 States
PYMNTS
DECEMBER 17, 2020
“This is a historic time for both federal and state antitrust authorities, as we work to protect competition and innovation in our technology markets.” .
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US woman, 78, charged with bank robbery for third time
TheGuardian
APRIL 9, 2023
Bonnie Gooch has been jailed on a $25,000 bond after she was charged with one count of stealing or attempting to steal from a financial institution in the holdup last Wednesday in Pleasant Hill, the Kansas City Star reported. Continue reading.
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Uber Connect Expands For Holiday Package Delivery
PYMNTS
DECEMBER 9, 2020
locations recently added for Uber Connect include Atlanta, Boston, Charlotte, Charleston, Cincinnati, Cleveland, Columbus, Connecticut, Detroit, Fort Myers-Naples, Hampton Roads, Honolulu, Indianapolis, Jacksonville, Kansas City, Las Vegas, Milwaukee, Minneapolis-St. Louis, Tucson and Upstate New York.
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Kansas City Fed rejects Custodia's master account application
American Banker
JANUARY 27, 2023
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