EUREKA SPRINGS, Ark. - (08/19/04) Credit unions in the south central U.S.should be alert to a fake night deposit box scam hitting banks inTexas and three other states. Thieves make it appear the regularnight deposit box is under construction and that a temporary box,made of steel and not giving any indication it isnt real,should be used. Although most night deposit boxes have keys, thefake boxes do not, and police believe the scam is working becausethose who often make the deposits, part-time and young employees,just want to get home. Two of the scammers have been captured by avideo camera, but no arrests have been made.
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GBank will serve as the bank partner for a cashless slot machine betting app that is looking to expand nationwide after getting a key regulatory approval in Nevada.
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The payments company submitted applications to the Utah Department of Financial Institutions and the Federal Deposit Insurance Corp. to create PayPal Bank. If approved, Mara McNeill, the former president and CEO of Toyota Financial Savings Bank, will serve as PayPal Bank's president.
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The small Missouri community bank partnered with embedded banking provider Treasury Prime to connect with fintechs and signed on its first sponsoree earlier this year.
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New data shows a 21% jump in fraud attempts during Thanksgiving week, with automated bots and credential stuffing leading the charge.
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Visa launched its Stablecoin Advisory Practice, a value-added service from its consultancy arm Visa Consulting & Analytics, to help financial institutions, fintechs and merchants deploy stablecoin technology.
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Federal Reserve Gov. Stephen Miran said higher goods prices could be the trade-off for bolstering national security and addressing geo-economic risks.
December 15





