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Fed Names New Payments Security Leader

PYMNTS

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. Kenneth Montgomery, first vice president and chief operating officer of the Federal Reserve Bank of Boston, is taking up the position.

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Congress Presses Fed On Real-Time Payments Plan

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Despite some previous pushback, the Fed, represented by Federal Reserve Bank of Kansas City President and Chief Executive Officer Esther L. lags behind other markets in real-time payments adoption, and look to more advanced services in other markets for best practices. payments ecosystem. Competition and Interoperability.

Payments 174
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Mobile Payments: What’s In It For Me?

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“You want to get into as many use cases as possible,” said Greg Weed, director of card performance research at Phoenix Marketing International. ” While the Fed added fuel to the cybersecurity fire today as Kansas City Federal Reserve President Esther George stated that concerns with cybersecurity in U.S.

Mobile 100
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Busting Out – mPOS And The Reshaping Retail Experience

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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.

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