The Bancorp (headquartered in Wilmington, DE) is pleased to announce that two senior staff members are playing roles in two new important Federal Reserve task forces. Tony Meholic (Senior Vice President, Chief Security Officer, Risk Division), has been elected to the Steering Committee of the Secure Payments Task Force, and Matt Carberry (Vice President, Business Development, Payment Acceptance), has joined the Faster Payments Task Force.

These two new task forces will engage in advancing the work outlined in “Strategies for Improving the U.S. Payments System,” which was published by The Federal Reserve in January 2015. The members of the Faster Payments Task Force and the Secure Payments Task Force are a diverse array of industry stakeholders with relevant experience and a shared commitment to providing the needed time and resources to these key initiatives.

Participants in The Faster Payments Task Force such as will identify and evaluate alternative approaches for implementing safe, ubiquitous, faster payment capabilities in the United States. The Secure Payments Task Force will advise the Federal Reserve on payment security matters, consult on security aspects of the Faster Payments Task Force work, and help determine the priorities for future action to advance payment system safety, security and resiliency.

Gail Ball, Chief Operating Officer of The Bancorp, commented, “As a significant player in the payments arena, The Bancorp is honored to be playing such a vital role in two of the Federal Reserve’s most significant forward-looking initiatives. Task Force member Matt Carberry and Steering Committee appointee Tony Meholic have the insider knowledge as well as the years of hands-on experience that will help make each of these task forces productive, and their final recommendations all the more actionable and effective.”

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