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Fed Names New Payments Security Leader

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Federal Reserve System has appointed its Payments Security Strategy leader, the agency announced Friday (Dec. Kenneth Montgomery, first vice president and chief operating officer of the Federal Reserve Bank of Boston, is taking up the position. Treasury and financial market, among other responsibilities.

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Fed Becomes Founding Sponsor Of Faster Payments Council

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“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. so people can make secure payments anytime or anyplace, with near-real-time funds availability.