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Federal Reserve To Launch FedNow Instant Payments System 

PYMNTS

The move was described by Kansas Federal Reserve President Esther George as the biggest infrastructure upgrade embraced by the Federal Reserve since the ACH system went online in 1972. While the private service has a large part to play in this market, she noted, the Fed’s size, scale and long history in the U.S.

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Fed Names New Payments Security Leader

PYMNTS

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

Security 112
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In B2B, FinTech And Banks Eye (And Serve) SMB Capital Needs

PYMNTS

Capital is the lifeblood of economies, and of the companies (and yes, of course, individuals) that collectively make things and provide services … and in the age of FinTech, the capital comes digitally and across innovative channels. At the same time, their fundamental view of credit is consistent with the bank’s philosophy.”

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CUs Work Together To Stay Ahead Of The Competition

PYMNTS

Louis, Missouri-based Together Credit Union , which operated under three separate names — American Eagle Credit Union, Anheuser Busch Employees’ Credit Union and Purina Credit Union — until late last year. Their consolidation helped solidify Together Credit Union’s position in the financial market, but its competitors have not backed off.

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A Cardless Streak Coming (Maybe)

NCR

which launched in Wichita, Kansas, as a mortgage lender back in 1905. And that long history of service just got a new boost in innovation: As of May 24, 2016, the bank enables customers to withdraw cash from ATMs via only a mobile app. That’s right, the card is gone. It couldn’t be any easier.

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Banking's Total Return Top 5: 2014 Edition

Jeff For Banks

Open Bank (OTCQB: OPBK) Open Bank commenced operations in 2005 as First Standard Bank in the Koreatown section of Los Angeles. and its subsidiary BofI Federal Bank aspire to be the most innovative branchless bank in the United States providing products and services superior to their competitors, branch-based or otherwise.

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Temenos to Acquire Kony: So What?

Gonzobanker

The digital banking market continues a long burn—this time like the smoke of a Texas summer barbecue. market expansion. market has been a hard row to hoe for Temenos. market – already well established internationally from the aforementioned growth. So now you can lose those European loafers and wear these [cowboy boots].”