Tony Meholic of The Bancorp elected to Steering Committee of the Federal Reserve Secure Payments Task Force

WILMINGTON, Del.--(BUSINESS WIRE)--

The Bancorp TBBK is pleased to announce that Tony Meholic (Senior Vice President, Chief Security Officer, Risk Division), has been elected to the Steering Committee of the Federal Reserve's Secure Payments Task Force.

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The Secure Payments Task Force (https://fedpaymentsimprovement.org/get-involved/secure-payments-task-force/) will engage in advancing the work outlined in "Strategies for Improving the U.S. Payments System," which The Federal Reserve published in January 2015. The Secure Payments Task Force itself was launched in March 2015, and will advise the Federal Reserve on payment security matters, consult on security aspects of the work of the Faster Payments Task Force (another new task force), and help determine the priorities for future action to advance payment system safety, security and resiliency. The task force's inaugural meeting took place on June 4, 2015; the second meeting takes place in July, at which time the 17-member Steering Committee will be formally introduced.

The Steering Committee, on which Tony Meholic will sit, has been designed to advise the Task Force Chair on meeting agendas and will assist in prioritizing the various payments security analysis work. The Committee will also assist in determining the scope of Secure Payments Task Force work groups, synthesizing task force perspectives and determining items in need of full task force deliberation. The Steering Committee consists of Secure Payments Task Force members, who have been elected by participants associated with a particular stakeholder category. The Committee members reflect a balanced representation of all stakeholder categories as defined by the Chair.

New Steering Committee member Tony Meholic joined The Bancorp in 2012, bringing with him over 25 years of both national and international Information Technology experience. He has been responsible for the creation and implementation of numerous information security programs and has closely worked on encryption key management, security reviews, risk assessments and security testing for financial institutions. Tony is also a regular speaker at international information security conferences as well as a frequent trainer for a variety of federal agencies. "I'm honored to have been elected to the Steering Committee and look forward to providing insight, guidance and options for ensuring data security in the payment solutions space,"says Meholic. "It's a daunting challenge but one that I find quite compelling."

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 one of the most important payment industry engagement initiatives of the Federal Reserve. Tony Meholic has the extensive knowledge and years of hands-on experience that will make him an key player on the Steering Committee of the Secure Payments Task Force, helping to improve - and make safer - the nation's payment systems."

About The Bancorp

With operations in the U.S. and Europe, The Bancorp 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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