Piermont hires Day, ABA’s fraud directory goes global | PaymentsSource

Piermont Bank in New York City has created a new executive role focused on payments and it’s hired Dennis Day to lead the development of its payment capabilities.

Day, who most recently was the head of card services at CFSB (Community Federal Savings Bank), is the new chief payments officer, Piermont said in a press release. Day joined Piermont’s executive team this month, a Piermont spokesperson said in an email.

Day has held leadership roles in card issuing, merchant acquiring and faster payments, the bank said. At Piermont, he will focus on payment rails, fintech partnerships and real-time and embedded payment experiences.

Piermont also announced the hiring of a new chief credit officer, Derrick Cornelious, and expanded duties for Wenni Wu, its chief growth officer. In addition to managing the bank’s core deposits business, client care and market strategy, Wu will handle all of the bank’s deposit businesses, embedded banking, program management and products, the bank said.—Allissa Kline