Payments Source

DECEMBER 8, 2017

Kenneth Montgomery will chair the Secure Payments Task Force, which is comprised of more than 200 industry stakeholders who are working on a faster payment system in the U.S.

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PYMNTS

DECEMBER 7, 2016

Same Day ACH, the faster payments initiative for banks and other financial institutions in the United States, seems to be popular. still has a long way to go and plenty of faster payment lessons to learn. still has a long way to go and plenty of faster payment lessons to learn. But the U.S. But the U.S.

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PYMNTS

DECEMBER 11, 2017

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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PYMNTS

NOVEMBER 7, 2016

Federal Reserve is turning heads for its attention to faster payments, but the Fed has recently announced yet another initiative in the payments innovation space. “The Secure Payments Task Force is particularly interested in understanding any barriers that may exist to implementing the planned solutions.”

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PYMNTS

AUGUST 31, 2017

With the financial services space shifting from a competitive nature to a collaborative spirit between traditional banks and emerging FinTechs, one major stakeholder in the payments industry has quietly been an integral part of this co-op: the Federal Reserve. Louis, as its new payments strategy director.

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PYMNTS

MARCH 16, 2018

Through the collaborative efforts of those with backgrounds in payments and security, the Federal Reserve’s Secure Payments Task Force has published “Payment Lifecycles and Security Profiles.” Strong stakeholder collaboration is key to maintaining public confidence in the U.S.

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PYMNTS

SEPTEMBER 7, 2017

It’s been more than two years since the Federal Reserve issued its Strategies for Improving the U.S. Payment System paper, in which the Fed outlined initiatives for the payments industry and its stakeholders to promote progress. Now, the Federal Reserve wants to keep the momentum going.

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