Remove Boston Remove Fraud Remove Kansas City Remove Operations
article thumbnail

Fed Becomes Founding Sponsor Of Faster Payments Council

PYMNTS

“Our payment system is a vital part of America’s infrastructure that touches everyone,” said Esther George, president and chief executive officer of the Federal Reserve Bank of Kansas City. The FPC will also provide education about faster payments and fraud mitigation. As a result, the FPC was created in 2018.

article thumbnail

Fed Says America Needs Instant Payments As Soon As Possible

PYMNTS

The most recent details on FedNow come roughly a year after the central bank announced its plans to build and operate real-time rails. However, Kansas City Fed chief George said the system will initially focus on domestic movement of money and won’t include cross-border transactions.

America 189
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Fed Names New Payments Security Leader

PYMNTS

Kenneth Montgomery, first vice president and chief operating officer of the Federal Reserve Bank of Boston, is taking up the position. He will lead the Fed’s initiative to address payments fraud risk and boost the security of payments in the U.S. Treasury and financial market, among other responsibilities.

Security 112
article thumbnail

Mobile Payments: What’s In It For Me?

PYMNTS

Vodafone is the third-largest mobile operator in the U.K. Operator East Japan Railway Company alone served 17.4 In London too, Apple Pay works on the Underground, buses and trains, and the company is keen to serve Boston, New York and other cities with tap-and-pay mobile services. The news from the U.K.

Mobile 100