The Federal Reserve System is pleased to release Strategies for Improving the U.S. Payment System: Federal Reserve Next Steps in the Payments Improvement Journey (Next Steps), which outlines a series of refreshed strategies and nine new tactics the Federal Reserve will employ, in collaboration with industry, to further progress toward …
The Faster Payments Task Force, a group of more than 300 diverse payments industry stakeholders convened by the Federal Reserve System, has published its highly anticipated recommendations for developing and implementing a safe, ubiquitous, faster payments system in the United States. Leaders from the Faster Payments Task Force announced 10 …
It’s almost time! After much anticipation and preparation the Faster Payments Task Force’s The U.S. Path to Faster Payments Final Report Part Two: Call to Action will be released tomorrow, Friday, July 21. We hope you’re just as excited to embrace the future of faster payments as we are. Prior …
In this day and age, innovation is happening all around us. Whether it’s new medical procedures, alternative energy sources or groundbreaking new smartphone features, legacy technology is constantly being updated and improved. One area that the Faster Payments Task Force believes is ripe for innovation is the U.S. payment system. …
When over 300 industry stakeholders came together in 2015, one of the first questions they sought to tackle was – “What do we need in a faster payments system in the United States?” Through an iterative process, and coordination with the Secure Payments Task Force, the Faster Payments Task Force …
Ready for faster payments? The Faster Payments Task Force sure is! The past few weeks we have been highlighting all the great work of the task force over the past two years, in anticipation of the release of part two of their final report – The U.S. Path to Faster …
What happens when you take an industry leader and catalyst and pair it with diverse collection of passionate payments thought leaders from all different backgrounds and all over the U.S? You get a Faster Payments Task Force working tirelessly and collaboratively to make real-time payments that are secure a reality …
Making a payment involves much more than just swiping/inserting your card or tapping your smartphone. Did you realize there are numerous phases or combinations of phases taking place behind the scenes? The release of The U.S. Path to Faster Payments, Final Report Part One: The Faster Payments Task Force Approach …
In preparation for the release of the Final Report Part Two, let’s take a look at another word that matters. Do you know what interoperability means? One of the most critical factors in developing a real-time payment system in the U.S. and a key topic in the forthcoming report is …
In order to achieve its objective of identifying effective faster payments capabilities, the Faster Payments Task Force had to define what was necessary to achieve an effective real-time payment system. What would this look like and how would you know it if you saw it? The over 300 stakeholders on …