Chairman and Vice Chairmans Elected

Midwest Independent Bancshares, Inc. (MIB, Inc.) and Midwest Independent Bank (MIB) held its annual board of directors meeting on April 22, 2015 at the Jefferson City Country Club in Jefferson City, Missouri following the annual MIB, Inc. shareholders meeting. The board of directors announced the following board elections for 2015-2016: William R. McDaniel, Community Bank of Raymore, Raymore, MO was elected MIB, Inc.’s Chairman of the Board and Randy Riley, Northeast Missouri State Bank, Kirksville, […]

Read More

Encryption Can Be Tricky

Encryption Can Be Tricky Q: When I backup my data from the encrypted disks on my servers does the data remain encrypted? A: Although it might sound logical that when the data is moved from an encrypted disk to another media (such as a CD or USB drive) it remains encrypted, it does not. Disk encryption does not encrypt the data, only the disk itself. So, when you are going to move the data off […]

Read More

Fraud on the Rise in 2015

After attending the AML Conference hosted by the Kansas City Federal Reserve, there is no question in my mind that fraud and losses associated with fraud continue to rise. There have been many advances in technology for consumer convenience. Those conveniences make it easier for fraudsters to defraud our customers and our industry. FinCEN reports from 2012 through January 2015, depository institutions in our geographical footprint (Missouri, Nebraska, Iowa, and Illinois) have submitted approximately 31,000 […]

Read More

Can You (Should You) Support Apple Pay?

Since its introduction in October 2014, Apple Pay has been a popular topic in the payment industry and all over the news. According to Apple CEO Tim Cook, over one million people had registered their credit cards with the service in the first three days. However, a recent report from InfoScout indicates that only nine percent of iPhone 6 users have actually tried Apple Pay and only five percent of the eligible transactions on Black […]

Read More

A Note from the Internal Auditor…

As part of my continuing education, I recently attended a seminar hosted by the Institute of Internal Auditors. The seminar was titled Fraud and the Internal Auditor’s Role, and was presented by Lynn Fountain. Below is a list of talking points that were discussed in the seminar that banks may want to consider: Fraud continues to be on the radar of investors, shareholders, and regulators Ongoing technological advances in IT infrastructure and new and emerging […]

Read More
Page 10 of 11« First...7891011