Jim Cunha

Jim Cunha is Senior Vice President of the Treasury And Financial Services Group. His group’s responsibilities include Cash Processing, Payments/Mobile Strategies, and Wholesale Payment Operations. The group is also responsible for two emerging payment businesses for the U.S. Treasury: Stored Value Card (SVC) and Invoice Processing Platform (IPP). SVC is a prepaid smartcard based service used by the Department of Defense for domestic training bases, overseas peace-keeping bases and [soon] the US Navy. IPP helps automate the purchase order and invoice exchange processing for US government agencies and their vendors, and functions as a central repository for vendor payment related information. The Payment Strategies group works with the industry to understand and remove barriers to adoption of mobile payments in the US. Jim is also leading the Bank’s applied research into distributed ledger technologies in financial services and studies digital currencies.

Jim has worked at the Federal Reserve Bank since 1984. Prior to that, he worked at Fleet National Bank. He has a BS in Accounting and Philosophy from Northeastern University and a BA in Computer Science from Rhode Island College. He is a member of the Board of Directors of the New England ACH (NEACH) Association and Justice Resource Institute (JRI).