XPost: alt.california, alt.politics.democrats, alt.fan.rush-limbaugh   
   XPost: talk.politics.guns, sac.politics   
   From: yourdime@outlook.com   
      
   California’s Employment Development Department announced that it has   
   dropped Bank of America and will now use Money Network to deliver   
   payments.   
      
   The move comes after the state estimates that tens of millions of dollars   
   were lost in fraud since the start of the COVID-19 pandemic.   
      
   The big picture: Moving to Money Network will have the state issue new   
   prepaid debit cards that have microchips in them.   
      
   People will also be able to receive a new direct deposit option later in   
   the new year.   
      
   Bank of America prepaid cards will still be able to be used normally for   
   now.   
      
   EDD will pay Money Network $32.3 million over five years as part of the   
   deal.   
      
   The backstory: EDD fraud was extensive during the COVID-19 pandemic, with   
   the state estimating that $20 billion was paid out to fraudsters.   
      
   Other estimations, such as one from Lexis Nexis Risk Solutions, put the   
   total fraud at well over $30 billion.   
      
   Along with the fraud, Bank of America also faced criticism for sometimes   
   blocking payments to legitimate recipients.   
      
   https://sjvsun.com/california/edd-chooses-new-bank-after-billions-lost-in-   
   fraud/   
      
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