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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. Kenneth Montgomery, first vice president and chief operating officer of the Federal Reserve Bank of Boston, is taking up the position. Treasury and financial market, among other responsibilities.

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Top News In Payments: House Committee Holds RTP Hearing; DoorDash Reveals May Data Breach

PYMNTS

It also was “able to determine that an unauthorized third party accessed some DoorDash user data on May 4, 2019” and “took immediate steps to block further access by the unauthorized third party and to enhance security across our platform,” per the post. Uber Turns App Into ‘Everyday Operating System’. payments ecosystem implications.

Data 122
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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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EyeVerify’s Partnership with Turkish Reseller Yields Vodafone Contract

Fintech Labs Insights

“Together with EyeVerify we plan to expand our biometric offerings into the mobile space and continue to offer innovative solutions for our clients,” Olcsan CEO Burak Sondal said. The telecom operates in more than 80 cities in the country, and has more than 20 million users.

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US Government Chooses Partners For Payroll Updates

PYMNTS

The GSA noted that NewPay aims to overhaul existing legacy payroll systems to improve efficiency and security using Software-as-a-Service. “We look forward to working with the Carahsoft and Grant Thornton teams as they provide SaaS solutions to ensure constant innovation and security in our payroll services.”

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The top-performing community banks of 2021

Independent Banker

Cumberland Security Bank, Inc. First Security Bank of Deer Lodge. Rapid City. Central Bank of Kansas City. Kansas City. The community bank uses the Entrepreneurial Operating System, commonly known as EOS Traction, to keep departmental efforts aligned. Allied First Bank, SB. Nebraska State Bank.

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Congress Presses Fed On Real-Time Payments Plan

PYMNTS

The Federal Reserve’s buildup to faster payments innovation came to a head in August when it announced FedNow , its proposed real-time payments infrastructure under the draft Payments Modernization Act of 2019. This mirrors our ACH system, which has two operators,” she noted. “To payments ecosystem. payments ecosystem.

Payments 174