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

Movie Chain AMC Says It Could Go Broke By Year’s End

PYMNTS

13) with the federal Securities and Exchange Commission (SEC): ".given The August reopening of one of those theaters – the location in Kansas City -- included some extra flair. The parent of AMC Theatres says it's on track to run out of cash by early 2021 at the latest. AMC Entertainment Holdings Inc.

Insiders

Sign Up for our Newsletter

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

article thumbnail

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

article thumbnail

Small banks: Big challenges and big opportunities

Abrigo

According to the Federal Reserve Bank of Kansas City , community banks’ deposit market share dropped to 15% in 2022 from 22% in 2013. At the same time, asset-based liquidity options at some community banks have been constrained by large unrealized losses in available-for-sale securities.

article thumbnail

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.

article thumbnail

Federal Reserve Names New Payments Strategy Director

PYMNTS

As first vice president and chief operating officer of the Federal Reserve Bank of St. According to Esther George, Federal Reserve Bank of Kansas City president and chief executive officer, Sapenaro played a prominent role in developing those strategies. Sapenaro will retain his position at the Federal Reserve Bank of St.

St. Louis 108
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