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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. She is also a sponsor of the Federal Reserve’s payments improvement initiative. As a result, the FPC was created in 2018.

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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.

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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. Montgomery will also retain his position at the Boston Fed, where he focuses on services for the U.S. Treasury and financial market, among other responsibilities.

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CFPB announces new appointments to advisory groups

CFPB Monitor

Raul Vazquez, Chief Executive Officer, Oportun, Redwood City, CA. Chi Chi Wu, Staff Attorney, National Consumer Law Center, Boston, MA. Dion Kidd Johnson, President, Chief Operating Officer and Chief Risk Officer, Western Bank, Alamogordo, NM. Wehmann, Executive Vice President, Scores for Fair Isaac Corporation, Roseville, MN.

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Envel is the New Simple Bank (Fintech Startup of the Week)

Fintech Labs Insights

But, I think we have another strong contender with the latest challenger, Boston-based Envel. On the banking side, the startup is working StoneCastle for deposits and Kansas City-based nbkc bank to power banking services, including a soon-to-be-launched debit card. It has the tech. It has the team.

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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.

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