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.
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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Trending Sources
Lessons Learned From the Fourth United States Bank Failure of 2023
Perficient
AUGUST 16, 2023
Shan Hanes, who served as the bank’s President and CEO until its closure, joined the firm in 1993 as an agricultural loan officer and Informational Technology Officer. In 2017, the bank was converted from its National Charter to a Kansas state-chartered bank and renamed Heartland Tri-State Bank.
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Why this fintech isn't rushing retirees out the door
American Banker
MAY 8, 2024
DCI in Hutchinson, Kansas, is giving employees unsure about retirement the option to work part-time and gradually ease into the next phase of their lives.
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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. currency is probably healthy,” Posen told Bloomberg. “ … the idea that there’s a technological fix that will achieve it strikes me as mistaken.”.
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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. Amazon’s technology has helped Rhode Island launch programs efficiently, state officials told the news service.
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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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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. Technology is an obstacle and an opportunity. Technology can help streamline and automate many manual lending processes, reduce compliance costs, and enhance risk management.
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Lead Bank EVP and CTO Michael Beattie joins Bank Automation Summit Fall 2022 speaker faculty
BankInovation
JUNE 29, 2022
The Bank Automation News team is pleased to announce that Michael Beattie, executive vice president and chief technology officer at Kansas City, Mo.-based based Lead Bank, will join the speaker faculty for Bank Automation Summit Fall 2022 to discuss how to develop for the cloud in order to enable technology strategy on Monday, Sept.
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Small banks: Big challenges and big opportunities
Abrigo
FEBRUARY 23, 2023
Takeaway 3 With effective technology, the bank can continue to grow its portfolio without necessarily adding staff. According to the Federal Reserve Bank of Kansas City , community banks’ deposit market share dropped to 15% in 2022 from 22% in 2013. Balance runoff is picking up speed, according to financial consulting firm Curinos.
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Tech Center: Fishers Deepens Its Technology Innovation By Launching IoT Lab
PYMNTS
MARCH 3, 2017
Technology innovation can happen at any place at any time. While some cities like Kansas City hoped to attract entrepreneurs and technology innovators with its Google Fiber installation, it wasn’t enough. It soon found out that it needed more than just fast internet to attract the tech-savvy crowd.
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Brex Offers FDIC Insurance, Adds Chief Legal Officer
PYMNTS
JULY 22, 2020
Brex , the San Francisco financial technology startup, is offering FDIC insurance on its no-fee cash management account, the company announced Wednesday (July 22). a financial services holding company based in Kansas City, Missouri. In March, Brex opened its first international office , a technology hub in Vancouver, Canada.
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Fed Names Leader For FedNow Faster Payments Service
PYMNTS
AUGUST 15, 2019
“Ken brings deep financial services insights and technical expertise to his new role,” said Esther George, president and chief executive officer, Federal Reserve Bank of Kansas City, who is also the sponsor of the Fed’s payments improvement initiative. “He
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US Jobless Claims Fall Slightly To 860,000
PYMNTS
SEPTEMBER 17, 2020
Companies which have helped to provide a bridge to some semblance of normalcy, principally in technology, have seen increased demand for their services,” Mark Hamrick, senior economic analyst with Bankrate.com, said in a statement. For the week ending Sept. Department of Labor (DOL) reported on Thursday (Sept.
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Higher Education Eyes Freezing Tuition
PYMNTS
MAY 8, 2020
It isn’t alone — Delaware Valley University in Pennsylvania, Kansas City University and Central Michigan University are also considering similarly unchanged rates in order to offer an olive branch to students and families struggling due to the virus and the costly rates of higher education.
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Charles Potts: Opportunities in the fintech landscape
Independent Banker
OCTOBER 31, 2022
Investments in new companies have slowed, valuations that some early-stage companies commanded last year are ratcheting back, and financial technology providers are tightening their proverbial belts. In response, community banks, like $779 million-asset Lead Bank in Kansas City, Mo., The fintech landscape is shifting.
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New Wire Fraud Scam Reroutes Direct Deposit Paychecks
PYMNTS
APRIL 9, 2019
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?’
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Fed Says America Needs Instant Payments As Soon As Possible
PYMNTS
AUGUST 7, 2020
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. FedNow Will Augment Private Systems, Not Replace Them .
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Ag lending outlook & top challenges
Abrigo
JULY 25, 2022
As farmers adjust their credit needs in response, banks with a higher share of agricultural loan activity (“ag banks”) may see demand for loans increase,” Kansas City Fed economist Francisco Scott said in a recent research report. Department of Agriculture projects a 4.5%
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Bitcoin Daily: Ripple Goes To College To Research Blockchain; Bitcoin Value Drops To Lowest Level In 7.5 Weeks
PYMNTS
FEBRUARY 8, 2019
He added that there will be a number of tests completed before a final decision is made on whether the technology should be used in Serenity. Ripple announced the latest partners to join its University Blockchain Research Initiative (UBRI), which aims to boost the growth of the blockchain technology ecosystem.
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Credit Card Interest Rates Rise To Near-Record Levels
PYMNTS
OCTOBER 9, 2019
House Committee on Financial Services Task Force on Financial Technology held a hearing on Sept. Despite some previous pushback, the Fed, represented by Federal Reserve Bank of Kansas City President and Chief Executive Officer Esther L. payments ecosystem.
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Acquire or Be Acquired 2023: Disruption ‘Comes Home’ to Banking
Gonzobanker
FEBRUARY 1, 2023
Many speakers talked about the huge opportunity to integrate fintech and breakthrough technologies like blockchain and AI into the established banking industry. As disruptive innovation “comes home to banking,” the team at Cornerstone Advisors predicts that the ability of technology to drive tangible business outcomes for banks may skyrocket.
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Building The Tire Shop Of The Future With On-Demand Service
PYMNTS
SEPTEMBER 12, 2019
Komal said that what distinguishes Zohr from other players is the proprietary in-house technology it has built to power the business. The company services the two metroplexes of Kansas City and Dallas. It installs them, balances them and takes away old tires for recycling. and avoid the trek to a garage.
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Lime Raises $310M For Micromobility Expansion
PYMNTS
FEBRUARY 6, 2019
The new funds will give us the ability to expand into new markets, enhance our technology, strengthen the team and pilot new opportunities. Partnerships like our transit data sharing for bike lane planning in Austin and Kansas City, or our membership on the St. Louis Scooter Safety Task Force.
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The Countdown To Walmart Pay Is Getting Short
PYMNTS
APRIL 18, 2016
Three months later – well into pilot programs in Kansas, Arkansas and Missouri and less than 6 weeks before the national rollout is set to start in June, the conversation has shifted to customer service, eCommerce and how well Walmart has prepared to step into the digital arena and fight for dominance.
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CUs Work Together To Stay Ahead Of The Competition
PYMNTS
JANUARY 29, 2020
Their traditional banking rivals are now supplemented by young, agile FinTechs that advertise the most advanced technology and much greater efficiency than their legacy counterparts, meaning that CUs must lean into their strengths to get ahead. The other is the latest technology. Few are more familiar with this challenge than St.
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Fed Names New Payments Security Leader
PYMNTS
DECEMBER 11, 2017
“Ken’s extensive background in information technology and his collaborative leadership style will be critical to addressing a variety of important challenges as we continue to make improvements to the nation’s payments infrastructure,” said Esther George, president and chief executive officer of the Federal Reserve Bank of Kansas City.
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Top News In Payments: House Committee Holds RTP Hearing; DoorDash Reveals May Data Breach
PYMNTS
SEPTEMBER 27, 2019
House Committee on Financial Services Task Force on Financial Technology held a hearing to talk about the FedNow development and its U.S. House Committee on Financial Services Task Force on Financial Technology held a hearing to talk about the development of FedNow and its U.S. Today in the payments news roundup, the U.S.
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A preview of Innovation and Insight Day
Celent Banking
FEBRUARY 18, 2015
We have great external speakers bookending the day, and we’ll be exploring exciting technology implementations with 18 Model Banks in five categories (plus Celent’s Model Bank of the Year): • Digital. Innovation and Emerging Technologies. Omnichannel. Legacy and Ecosystem Transformation. Suresh Ramamurthi, Chairman (and CTO!)
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House Financial Services Committee to hold Sept. 26 hearing on real-time payments
CFPB Monitor
SEPTEMBER 25, 2019
The House Financial Services Committee’s Task Force on Financial Technology will hold a hearing entitled “The Future of Real-Time Payments,” at 2:00 p.m. George, President and Chief Executive Officer, Federal Reserve Bank of Kansas City. on Thursday, September 26, 2019. There will be a live webcast of the hearing.
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60 As The Online Tax Man Cometh, Will Smaller Retailers Embrace Marketplaces?
PYMNTS
SEPTEMBER 24, 2019
Kansas is an outlier with no thresholds in place — which means every business selling into the state is mandated to collect and remit sales tax. You have to understand the nuances between South Dakota, California, and, say, Kansas, which has a ‘zero’ nexus.”. The Role of Technology.
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ResTech’s Rising Prominence In Writing The Future Of The Industry
PYMNTS
NOVEMBER 24, 2020
Point-of-sale restaurant technology startup Toast recently held a secondary share offering that reportedly valued the company at $8 billion as restaurants and ResTech rebound from COVID-19 lockdowns’ depths. Island Grill in Kansas City, Mo., Jax Bell, general manager at Hawaiian Bros.
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Fed Adds Fuel To The Cybersecurity Fire
PYMNTS
OCTOBER 12, 2016
Comments made by Kansas City Federal Reserve President Esther George at a conference today [October 12] will do nothing to instill confidence among an already hesitant public with the fight against cyber criminals and in digital payments networks. George did not address the U.S. according to Fortune. George did not address the U.S.
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Ant Financial Appeals Directly To MoneyGram In Open Letter
PYMNTS
APRIL 7, 2017
We want to work with you, invest in your business and technology, and create even more career growth opportunities for MoneyGram employees in the U.S. with EyeVerify, which it acquired last year and is based in Kansas City. MoneyGram’s management team and employees are the backbone of the organization.
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Why AI Risk Tech And Banks Could Be A Match Made In Heaven
PYMNTS
APRIL 16, 2019
Our simple idea was that better technology and better data science could improve access to credit,” Girouard said. Over the long haul banks will dominate consumer lending, and we think our technology combined with the funding base for a bank is the best of both worlds for the banks and the customers,” he said.
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223 In B2B, FinTech And Banks Eye (And Serve) SMB Capital Needs
PYMNTS
MAY 10, 2018
Crowdfund Insider reported that the companies’ joint efforts support the “Thai tech ecosystem” – delivering technology from Israeli and elsewhere to clients. In a statement from Brian Unruh, CEO of NBKC, the executive said that “our strategy has been to leverage technology and innovation to expand nationally. ”
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Hospital ERPs Find Promise In The Cloud
PYMNTS
APRIL 25, 2019
Cloud technology is relatively old, considering the pace of innovation in the back office. According to Healthcare IT News , hospitals should keep a close eye on the technological development of ERP solutions as they move forward in the digitization process.
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Intercepted: Live League Sports Revenue Drop May Take Years To Recover
PYMNTS
OCTOBER 28, 2020
While the worst fears haven’t been realized — the NFL opened its 2020 season in September with a showdown between (Super Bowl champs) the Kansas City Chiefs and the Houston Texans — the outlook across the pantheon of live sports is anything but settled as November 2020 begins.
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Crowdfunding, Deferred Loan Payments Jumpstart SMB Relief
PYMNTS
MARCH 26, 2020
Another is ANB Bank with assets across Colorado, Wyoming and Kansas City, which has reportedly instructed employees to issue loan deferrals for commercial properties, with reports noting more relief is likely to come as the Fed seeks to buy an array of debt products to assist SMBs.
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Retail Pulse: Madewell Teams With thredUP; Walmart Rolls Out InHome Delivery
PYMNTS
OCTOBER 18, 2019
The program is rolling out in Pittsburg, Kansas City and Vero Beach, Fla. In other news, Outback Steakhouse is testing machine learning (ML) technology from Presto at multiple restaurants operated by one of its franchisees. Shoppers need to purchase a $49.95 smart lock or garage door kit to take advantage of the service.
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Apple Watch Earns Pro QB $5K Scolding From NFL
PYMNTS
OCTOBER 8, 2019
In 2015, a similar incident occurred with Kansas City Royals Manager Ned Yost.”. Snapping this story back to Roethlisberger, he apparently likes being on the winning team, even when the competition centers around inanimate (for now) technology. That’s a long and silly way of saying that Apple seems to be winning the wearables war.
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Back to school
Independent Banker
MAY 31, 2022
She now works part-time while attending Metropolitan Community College in Kansas City, Mo. The $762 million-asset community bank’s involvement started in 2018 when Blue Ridge Bank president Bill Esry happened to sit next to the ISD superintendent at a local rotary club meeting.
New Cyberattacks Aim for ATM Management Systems
Independent Banker
NOVEMBER 13, 2014
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' That way, the employees aren’t using it for other things,” he suggests. That will help make sure that the system is pristine.”.
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Bankers Bank: The Next Generation
Jeff For Banks
MARCH 18, 2017
Today, with the Federal Reserve, Federal Home Loan Bank, and technology that has all but eliminated paper "items", the traditional role of the correspondent bank is diminished. This idea began germinating in my head when I spoke at the Kansas Bankers' Association CEO Summit a couple of years ago.
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