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Fed Names New Payments Security Leader

PYMNTS

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. 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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Fed Looks To Keep Momentum Going On Payments Improvements

PYMNTS

payment system that will require the sustained commitment of the Federal Reserve and the industry to achieve,” said Esther George, chief executive of the Federal Reserve Bank of Kansas City, who also serves as executive sponsor of the payments improvement initiative. “Our 2015 paper laid out ambitious goals for the U.S.

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Temenos to Acquire Kony: So What?

Gonzobanker

Temenos leadership – first Akcelerant founder Jay Mossman and then Akcelerant/FIS/Sanchez veteran Emily Steele – wins points with the Cornerstone team for straight talk and course-correcting to avoid the common international player sin of over-commitment and under-delivery. This third U.S. launch effort appears to be on a solid pace.

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The 2018 GonzoBanker Awards

Gonzobanker

PNC made a Gonzo move with a national digital expansion in 2018 with the unique idea of building a small number of branches in target metro markets like Kansas City and Dallas. Hats off to Greg for taking a $600 million credit union to a $5 billion innovator over his 25 years at the helm. Bank Sale of the Year.

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Nurturing New Businesses

Independent Banker

The Kauffman Foundation , a nonprofit organization in Kansas City, Mo., Innovation Pavilion , a for-profit company in Centennial, Colo., The Innovation Center , a small-business incubator in Wilkes-Barre, Pa., that provides funding grants and education to new and aspiring entrepreneurs. Visit: www.kauffman.org.

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Amazon Walmart Whole Paycheck Tracker: Better Delivery By Any (And Every) Means

PYMNTS

This week was one of the latter, as Walmart hosted its investor meeting in Arkansas and Amazon decided this week’s menu of technological innovations in retail would be an all-you-can-eat buffet. The InHome service will launch in three cities to start: Kansas City, Missouri; Pittsburgh, Pennsylvania; and Vero Beach, Florida.

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