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Fed Names New Payments Security Leader

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He will lead the Fed’s initiative to address payments fraud risk and boost the security of payments in the U.S. The position means Montgomery will chair the Secure Payments Task Force, one of several task forces the Fed has formed to promote innovation and advancement in the industry.

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US Finds Its Faster Payments Future

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Faster payments providers in the United States should look to protect some of the most vulnerable transactions, Proctor added, in order to keep fraudsters at bay while the technology develops and becomes more secure. “A Canada and Europe found 90 percent of respondents are mulling blockchain technology for payments.

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Fed’s Sapenaro On How To Forge Ahead With Payments Innovation

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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. Two in particular, he said, are technology and payer habits. “It’s

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Fed Task Force Releases Payment Lifecycles And Security Profiles

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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.”

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Does The U.S. Faster Payment System Need A Federal Mandate?

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The Task Force looks to develop a cohesive faster payments implementation policy focusing on initiatives designed to boost the U.S. payment system’s speed, efficiency and security. A second Faster Payments Task Force report outlining recommendations for a U.S.