Remove Innovation Remove Kansas Remove Operations Remove Security
article thumbnail

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.

Security 112
article thumbnail

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. Through the FedNow service, we hope to provide a modern infrastructure for the future of faster payments with safety and security for all,” Brainard said.

System 212
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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
article thumbnail

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.

article thumbnail

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.

article thumbnail

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. Less than a week after EyeVerify’s successful return to the Finovate stage, the company announced that it has been acquired by Ant Financial.

article thumbnail

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.