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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 Looks To Keep Momentum Going On Payments Improvements

PYMNTS

For the Fed, progress means improving the speed, security and efficiency of the payments system, and to focus on international payments capabilities and promote collaboration within the field. Since establishing the Secure Payments Task Force, the Fed said efforts on payments security have been closely aligned with those on payments speed.

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