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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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Small banks: Big challenges and big opportunities

Abrigo

Relationship focus helps CFIs Small banks can leapfrog competitors and better serve their communities by combining their unique advantages with smart management and partnerships. Declining deposits, higher cost of funds, and ever-increasing competition are just a few challenges these executives are managing.

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Fed Names Leader For FedNow Faster Payments Service

PYMNTS

“Ken brings deep financial services insights and technical expertise to his new role,” said Esther George, president and chief executive officer, Federal Reserve Bank of Kansas City, who is also the sponsor of the Fed’s payments improvement initiative. “He

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Fed Becomes Founding Sponsor Of Faster Payments Council

PYMNTS

“Our payment system is a vital part of America’s infrastructure that touches everyone,” said Esther George, president and chief executive officer of the Federal Reserve Bank of Kansas City. so people can make secure payments anytime or anyplace, with near-real-time funds availability.

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US Government Chooses Partners For Payroll Updates

PYMNTS

The partnerships are part of the government’s NewPay blanket purchase agreement, which was developed to modernize the government’s payroll systems – itself an initiative that is part of the broader 2019 Management Agenda. The government will collaborate with payroll service providers and SaaS vendors, it noted.

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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. Underlying BankVista’s success has been a management philosophy focused on open debate about how to improve, Freeman adds. Allied First Bank, SB. Nebraska State Bank.

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Congress Presses Fed On Real-Time Payments Plan

PYMNTS

Despite some previous pushback, the Fed, represented by Federal Reserve Bank of Kansas City President and Chief Executive Officer Esther L. This mirrors our ACH system, which has two operators,” she noted. “To House Committee on Financial Services Task Force on Financial Technology held a hearing Thursday (Sept.

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