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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 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. He is also a member of the Fed’s Financial Services Policy Committee and directs financial management initiatives for the Fed’s Financial Support Office.

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How Payless Beat Back Bankruptcy (And What Retailers Can Learn)

PYMNTS

Payless managed to emerge from bankruptcy court protection a week ago, after sloughing off $435 million in debt and closing the curtains on 673 stores. The committee includes chief financial officer Michael Schwindle, chief operating officer Mike Vitelli and board chairman Martin Wade III. The chain still boasts stores in the U.S.,

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Agricultural Alert!

Independent Banker

This leaves federal crop insurance support as a key risk-management tool. It’s a crucial risk-management tool” for 1.7 In a surprise move, congressional leadership sought to reduce the crop insurance program by $3 billion at the end of 2015 to offset other spending initiatives. Robert Johansson, USDA economist.

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Temenos to Acquire Kony: So What?

Gonzobanker

Temenos leadership – first Akcelerant founder Jay Mossman and then Akcelerant/FIS/Sanchez veteran Emily Steele – wins points with the Cornerstone team for straight talk and course-correcting to avoid the common international player sin of over-commitment and under-delivery. This third U.S. launch effort appears to be on a solid pace.

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Blooom Announces $4 Million Series A Round Led by QED Investors

Fintech Labs Insights

In its first outside capital raise, personal investment management platform, Blooom has hauled in $4 million. Blooom operates in one of the more interesting niches in personal investment management, 401(k) accounts. Also participating in the round were DST Systems Inc, Commerce Ventures, Hyde Park Venture Partners, and UMB.

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Nurturing New Businesses

Independent Banker

They’re not managed well. For example, Silverman says community banks could partner with a local small-business owner to present a forum on cash management for young entrepreneurs and business owners (or aspiring ones). The Kauffman Foundation , a nonprofit organization in Kansas City, Mo., That’s why we focus on education.

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