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

Bank Innovation

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. Bank of Franklin County, a Washington, Mo.-based

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Amazon One Lets Consumers Pay With Their Hand

PYMNTS

Dilip Kumar , Amazon’s vice president of physical retail, told the network the technology had been in the planning stages long before the pandemic. “I The service is designed to be highly secure and uses custom-built algorithms and hardware to create a person’s unique palm signature.”.

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Why The Data Breach Decline Is Bad News For Businesses

PYMNTS

The Interstate Technology & Regulatory Council (ITRC) released new data on the state of cyberattacks and data breaches with some surprising news: data breaches were actually down in 2020 year-over-year. 727,000 was defrauded from a Missouri trucking company in an employee expense scam , reports in FreightWaves said.

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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.

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Brex Offers FDIC Insurance, Adds Chief Legal Officer

PYMNTS

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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US Lawmakers Seek Investigation Of Zoom’s, TikTok’s China Ties

PYMNTS

the video technology company, and TikTok, the Chinese video-sharing social networking service, Reuters reported. Zoom told the news service in a statement that it takes user privacy, security, and trust extremely seriously, and “as always, we welcome conversations with officials about our global business practices and policies.”.

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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.

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