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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.

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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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Why The Data Breach Decline Is Bad News For Businesses

PYMNTS

40 legitimate email accounts of company executives have been compromised in a phishing campaign targeting businesses , according to Gov Info Security reports. 727,000 was defrauded from a Missouri trucking company in an employee expense scam , reports in FreightWaves said.

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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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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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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.

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Missouri’s Cash Tax Payment Ban Proposal Irks Cannabis Firms

PYMNTS

The state of Missouri is reportedly considering a ban on cash tax payments, a move that has raised concerns for local legal marijuana businesses that are struggling to obtain banking services and relying on cash to remain in operation.

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