Matt Carberry of The Bancorp joins the Federal Reserve Faster Payments Task Force
July 15 2015 - 9:00AM
Business Wire
The Bancorp (NASDAQ: TBBK) is pleased to announce that Matt
Carberry (Vice President, Business Development, Payment
Acceptance), has joined the Federal Reserve’s Faster Payments Task
Force.
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Matt Carberry, Vice President, Business
Development, Payment Acceptance, The Bancorp (Photo: Business
Wire)
The Faster Payments Task Force 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
Faster Payments Task Force itself was launched in March 2015, and
will identify and evaluate alternative approaches for implementing
safe, ubiquitous, faster payment capabilities in the United States.
The more-than-350 member committee met for the first time in June
and will continue to hold meetings through the rest of the
year.
Faster Payments Task Force member Matt Carberry joined The
Bancorp in 2008 and has been collaborating with and helping empower
large-scale payments aggregators in the bill payment, funds
transfer, merchant processing, payroll and fintech industries. His
primary focus has been leveraging existing infrastructures and
building new systems to develop greater efficiency of payments
while improving risk mitigation. Matt is a member of NACHA’s
Council for Electronic Billing and Payments.
“It’s a great honor to be joining this important new Task
Force,” said Carberry. “We know that any new payments system has to
benefit all parties involved in order to have staying power; this
new task force is a tremendous opportunity for all of us involved
to make the important recommendations that will make our payment
system fairer, faster and safer.”
Gail Ball, Chief Operating Officer of The Bancorp, commented,
“The Federal Reserve’s Faster Payments Task Force promises to
identify and provide ways to implement safer and faster payment
capabilities in the United States. As a significant player in the
payments arena, we have a unique perspective that arises from
interacting daily with consumers making payments, businesses
accepting payments, and the processors who support them. We are
proud to contribute to this new task force, and I know that Matt
Carberry, with his years of knowledge and experience, will play a
vital role in helping the task force best achieve its
expectations.”
About The Bancorp
With operations in the U.S. and Europe, The Bancorp (NASDAQ:
TBBK) is dedicated to setting a new standard in financial services
and payments innovation. The Bancorp specializes in providing
private-label banking and technology solutions for non-bank
companies ranging from entrepreneurial start-ups to those on the
Fortune 500. The Bancorp Bank, one of The Bancorp’s financial
institutions, has been recognized as a National Preferred SBA
Lender, a top custodian of Health Savings Accounts, a top ACH
Originator, one of the nation’s largest credit card transaction
acquirers and is the leading issuer of prepaid cards. For more
information please visit www.thebancorp.com.
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The Bancorp, Inc.Andres Viroslav,
215-861-7990aviroslav@thebancorp.com
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