The Federal Reserve has served as a catalyst for change in the improvement and advancement of payments security in the United States and continues to engage with industry stakeholders. To help the Fed set priorities for collaboration with the industry to enhance end-to-end payments security, the Fed commissioned Boston Consulting …
The Federal Reserve released its latest payments study fraud report, which details the cost and number of fraudulent payments in the United States. Among the important findings: The 2015 payments fraud rate, by value, was more than 20 percent larger than in 2012, while the 2015 fraud rate, by number, …
The Governance Framework Formation Team (GFFT) has launched a new, highly anticipated payments organization – the U.S. Faster Payments Council (FPC). In today’s increasingly mobile, digital economy, Americans are demanding a world-class payment system where they can safely and securely pay anyone, anywhere, at any time and with near-immediate funds …
We are pleased to announce the release of our Fall 2018 Progress Report (PDF)! The report highlights the important work we’ve completed in collaboration with the industry and next steps we’re taking toward the desired outcomes for speed, security, efficiency, international payments and collaboration as outlined in the Strategies for Improving …
Thank you to everyone who attended the inaugural FedPayments Improvement Community Forum in Chicago this week. You brought passion and enthusiasm to the Forum, and your dialogue and engagement is helping to shape the future of a faster, safer and more efficient payment system in the United States. Did you …
The inaugural FedPayments Improvement Community Forum, hosted in Chicago, IL on October 3-4, 2018, provided an opportunity for all payments industry stakeholders to collaborate and provide feedback on the latest payment system improvement initiatives through keynote speeches and workshop-style sessions. Read Forum Summary Documents and Presentation Materials Meeting materials and …
A recent survey of payments industry stakeholders on the draft Operating Vision for the proposed U.S. Faster Payments Council (FPC) revealed support for the organization as well as insights on how it could be changed to better serve the needs of the payments industry. The Governance Framework Formation Team (GFFT) …
A recent Federal Reserve webinar (Off-site) offered practical advice about how to use online resources to improve payment security – taking another step toward achieving a future of secure, fast and efficient payments that meet the current and future needs of consumers and businesses in the United States. This coalition …
Are you interested in being involved in the United States’ journey toward a faster, safer and more efficient payment system? Don’t miss the opportunity to attend the inaugural FedPayments Improvement Community Forum on October 3 – 4, 2018! The Forum will be hosted in downtown Chicago and is your opportunity …
A draft framework for a faster payments governance organization to be called the U.S. Faster Payments Council (Off-site) is now available for broad industry review and feedback. The goal of the proposed U.S. Faster Payments Council is a ubiquitous, world-class system in 2020 where Americans can safely and securely pay …