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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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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
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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. Federal Reserve System has appointed its Payments Security Strategy leader, the agency announced Friday (Dec.

Security 112
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How Payless Beat Back Bankruptcy (And What Retailers Can Learn)

PYMNTS

The committee includes chief financial officer Michael Schwindle, chief operating officer Mike Vitelli and board chairman Martin Wade III. Though the firm does operate an online store, and has affirmed intentions to expand in Asia through the power of franchise agreements, it still faces a fairly fundamental challenge.

Retail 153
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Agricultural Alert!

Independent Banker

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. The volume of agricultural loans used to cover current operating expenses “remained historically high” in the fourth quarter of 2015, the Federal Reserve Bank of Kansas City reports.

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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

Blooom operates in one of the more interesting niches in personal investment management, 401(k) accounts. The company’s leadership team includes former investment banker Greg Smith who penned the notorious “Why I am Leaving Goldman Sachs” piece for the New York Times in 2012.

Kansas 12