Thank You for Attending a Faster Payments Settlement Assessment Federal Register Notice Town Hall
Thank you to everyone who attended our town halls on the Faster Payments Settlement Assessment Federal Register notice (Off-site). The Federal Reserve believes that industry collaboration is the foundation of any enduring strategic improvements to the U.S. payment system. If you were unable to attend or would like to review …
Federal Reserve Announces Next Phase of Secure Payments Strategy
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 …
Federal Reserve Payments Study highlights U.S noncash payments fraud rose between 2012 and 2015
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, …
Introducing the U.S. Faster Payments Council
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 …
Fall 2018 Progress Report Now Available: Payment Improvements Continue to Gain Momentum
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 FedPayments Improvement Community Forum Attendees
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 …
Join Us for the Inaugural FedPayments Improvement Community Forum
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 …
Progress Report Now Available: Review Accomplishments and Look Ahead to Future Plans
Today, we are excited to announce the release of our Spring Progress Report (PDF), which outlines the important work we’ve completed and next steps toward achieving better, safer, faster payments for everyone. As you’ll see in the Spring Progress Report, we had another busy year! Highlights and next steps of …
Federal Reserve to Study Payments Fraud and Security Vulnerabilities
As announced earlier today, the Federal Reserve will begin work this month on a new study that will measure fraud and associated costs in the U.S. payments system and identify the causes and contributing factors to fraud. The study is part of the Federal Reserve’s ongoing effort to improve and …