PYMNTS
AUGUST 7, 2020
Brainard, Kansas City Fed President Esther George and Boston Fed First Vice President Kenneth Montgomery also noted that the FedNow system will provide another option in a landscape already populated by, for example, The Clearing House Payments Co. Combatting Fraud — And Addressing Competition And Costs .
PYMNTS
DECEMBER 11, 2017
He will lead the Fed’s initiative to address payments fraud risk and boost the security of payments in the U.S. The position means Montgomery will chair the Secure Payments Task Force, one of several task forces the Fed has formed to promote innovation and advancement in the industry.
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PYMNTS
JUNE 30, 2016
As an example, he cited Kansas City-based Burning Spiders skate shop, which recently installed an mPOS solution with the help of ShopKeep. When it comes to those security solutions, McKee said there are a few “must-have” protections as safeguards from fraud or bad actors that all companies should employ, and chief among these is EMV.
PYMNTS
SEPTEMBER 27, 2019
The Federal Reserve’s buildup to faster payments innovation came to a head in August when it announced FedNow , its proposed real-time payments infrastructure under the draft Payments Modernization Act of 2019. Reception toward the initiative was not, however, universally positive. payments ecosystem. payments ecosystem.
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