New on FedPayments Improvement

Federal Reserve’s Secure Payments Task Force Survey Extended

The Secure Payments Task Force, conceived in Strategies for Improving the U.S. Payment System (PDF), has been advancing efforts to support the strategy of reducing payment fraud and advancing the safety, security and resiliency of the payment system. Earlier this year, they launched work groups focusing on the following payments security issues:

  • Payment Identity Management
  • Information Sharing for the Mitigation of Payments Risk/Fraud
  • Data Protection

The work group members have been meeting regularly to identify the current challenges, the attributes of a more effective environment, the desired outcomes in each area, and the barriers to implementation.

The Secure Payments Task Force is seeking input from the industry on the solutions outlined as well as potential barriers to implementation. We launched three online surveys to give you the opportunity to weigh-in on how the task force is addressing different challenges related to payment identity management, information sharing for the mitigation of payments risk/fraud and data protection. The surveys will remain open for comment until Wednesday, November 30.

This feedback will help the Secure Payments Task Force identify and promote actions that can be taken by payment system participants to maintain U.S. payment system security that remains very strong, with public confidence that remains high, and protections and incident response that keeps pace with the rapidly evolving and expanding threat environment.

Visit the Secure Payments Task Force Work Group page for more details and take the survey by Wednesday, November 30!

Industry leaders with an interest in payments security are invited to follow or join the Secure Payments Task Force. To learn more, follow our work efforts on Twitter (@fedpayimprove).

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