Mike Timoney is a Vice President for Secure Payments and has responsibility to understand the payments and fraud landscape and identify areas where security must be improved. Mike is responsible for designing, developing, and implementing key elements of the Federal Reserve’s strategy for payment security with a focus on efforts related to fraud definitions and improving fraud data, as well as research into fraud, cyber threats, and emerging technologies.
Mike joined the Federal Reserve Bank of Boston from Bank of America where he served as head of Global Card and Comprehensive Payables Fraud. Mike brings over 25 years of experience in financial services, treasury management, and fraud prevention and mitigation. While at Bank of America, he held various roles including in commercial and corporate treasury fraud, electronic payments, and program and portfolio management. Mike holds an M.B.A and a B.S. in Finance from the University of North Carolina Charlotte and is a graduate of the Pacific Coast Banking School.