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Scammers Prove Corporate Payments Fraud Comes In All Shapes And Sizes

PYMNTS

percent more financial crimes occur in cities where corporate accounting fraud has been reported , according to a new research report from Ohio State and Indiana University exploring the correlation between corporate fraud and local financially motivated crimes, reports in The Lantern said.

Fraud 228
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Huntington Now Offers Real-Time Payments For Consumers, SMBs

PYMNTS

Regional bank holding company Huntington is now using the RTP network, meaning it now has a new real-time payments option to help people get money nearly instantly, according to a press release. “Real-time payments is a tremendous leap forward in meeting their needs for greater speed, security and efficiency in payments,” Hastings said.

Payments 131
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Does KBA Have A Place In Online SMB Credit Checks?

PYMNTS

That does not mean older verification methods are obsolete, however: Many companies still rely on knowledge-based authentication (KBA) methods like passwords or security questions, even in areas like business lending — where stringent verification is crucial. Another form of identity security is biometrics. About The Tracker.

Online 144
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AWS’ Amazon Neptune Goes Live For Financial Services

PYMNTS

Developers can also benefit from Neptune’s advanced security capabilities, including network security through Amazon Virtual Private Cloud (VPC), and encryption at rest using AWS Key Management Service (KMS). East (Ohio), U.S. West (Oregon) and EU (Ireland) regions. In addition, the service offers more than 99.99

Oregon 100
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CRE risk management: Navigating hazards and opportunities

Abrigo

Banks and thrifts hold half of all outstanding CRE debt through the second quarter, with insurance companies accounting for 12% and commercial mortgage-backed securities holding 14%, according to Trepp. Certainly, one asset class, the regional mall, is quite dead,” Kirby said. The impact is not consistent.” CRE loans make up 28.7%

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Credit unions continue to see growth in auto lending

Abrigo

Regionally, Southern credit unions continue to dominate in total new vehicle loans, with more than $39 billion reported for the period ending December 31st. And while the region has seen the slowest growth of the four, new vehicle lending does continue to climb steadily. Security Service Federal Credit Union - San Antonio, TX 3.

Lending 150
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Huntington Gains Cyber Expertise by Adding Ex-NSA Agent to Its Board

American Banker

A former cybersecurity expert with the National Security Agency joined the board of directors at Huntington Bancshares in Columbus, Ohio.