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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. Treasury and financial market, among other responsibilities.

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Brex Offers FDIC Insurance, Adds Chief Legal Officer

PYMNTS

The new feature in Brex Cash allows customers the choice to hold cash savings with FDIC insurance, or invest in Money Market Funds. a financial services holding company based in Kansas City, Missouri. This partnership aligns with UMB’s strategy of working with best-in-class innovators like Brex.”.

FDIC 166
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Community Bank Outlook: Challenges and Opportunities in 2021 and Beyond

Abrigo

Takeaway 2 Community banks are at a crossroads: innovate or be left behind (or acquired). Acquisitions allow organizations to spread costs across a larger asset base, recognize synergies within business lines, reduce staff, and consolidate branches in overlapping markets. Background on Community Banking. Do we need community banks?

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Hospital ERPs Find Promise In The Cloud

PYMNTS

Cloud technology is relatively old, considering the pace of innovation in the back office. “In the traditionally stagnant market of ERP (HR, finance and/or supply chain), aging, on-premise solutions are giving way to several cloud options now on the table,” KLAS stated, according to RevCycleIntelligence this week.

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EyeVerify Teams Up with BioConnect to Boost Payment Security

Fintech Labs Insights

BioConnect VP Bianca Lopes said EyeVerify’s solutions had “the highest standards of mobile-friendly security and built perfectly for the financial services industry: secure and frictionless.” ” Pictured: EyeVerify Director of Marketing Tinna Hung demonstrating Eyeprint ID at FinovateEurope 2016 in London.

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Ant Financial Acquires EyeVerify

Fintech Labs Insights

Terms of the deal were not disclosed, but EyeVerify will remain in operation as a wholly-owned subsidiary of Ant Financial Services and will remain headquartered in Kansas City, Missouri. Pictured: EyeVerify Director of Marketing Tinna Hung demonstrating EyePrint ID at FinovateEurope 2016.

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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.

Retail 100