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Fed Names New Payments Security Leader

PYMNTS

Federal Reserve System has appointed its Payments Security Strategy leader, the agency announced Friday (Dec. He will lead the Fed’s initiative to address payments fraud risk and boost the security of payments in the U.S. Montgomery will also retain his position at the Boston Fed, where he focuses on services for the U.S.

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

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New Cyberattacks Aim for ATM Management Systems

Independent Banker

It’s called ATM cash-out fraud, and it’s a new data security threat where physical attacks and cyberattacks converge. The software might spy on an employee’s activity to steal his or her passwords to burrow deeper into the bank’s network and ATM management system. Current Tech. By Maria Korolov.

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Health Care Companies Data At Risk Of Being Compromised

PYMNTS

Social Security numbers, medical information, bank account numbers and claims information were not part of the hack. John Huff, director of the Missouri Department of Insurance, said in a statement in the report that information on 411,786 members of Blue Cross Blue Shield of Kansas City was potentially taken.

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Busting Out – mPOS And The Reshaping Retail Experience

PYMNTS

As an example, he cited Kansas City-based Burning Spiders skate shop, which recently installed an mPOS solution with the help of ShopKeep. With the increasing number of breaches, security at point-of-sale terminals is a concern for both merchants and consumers. Lessons learned from EMV. The EMV migration to the U.S.

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Congress Presses Fed On Real-Time Payments Plan

PYMNTS

Despite some previous pushback, the Fed, represented by Federal Reserve Bank of Kansas City President and Chief Executive Officer Esther L. While real-tine payments services may not be unified, she argued, the Fed should consider supporting a single, central utility to manage these standards and user identities.

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