Join U.S. Faster Payments Council Founders for a Webinar!
In November, the Federal Reserve announced the launch of a new membership organization, the U.S. Faster Payments Council (FPC) (Off-site), whose mission is to ensure all Americans can safely and securely pay anyone, anywhere, at any time and with near-immediate funds availability. To learn more about this widely anticipated organization, …
The Inaugural FedPayments Improvement Community Forum Highlights Payments Announcements and Opportunities for Community Collaboration
The FedPayments Improvement Community Forum brought together 300 attendees under a common theme: to help shape the next steps in the Federal Reserve’s initiatives to modernize the U.S. payment system. Keynote speeches offered insight and updates on payment improvement initiatives and workshops facilitated conversations and collaboration. Relive the energy and …
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 …
Faster Payments Settlement Assessment Federal Register Notice Webinar Recording
The Federal Reserve held public Town Hall meetings in each of its 12 districts and hosted a webinar to help build an understanding of the Faster Payments Settlement Assessment Federal Register Notice (Notice) with stakeholders all across the nation. Watch the webinar recording below for an overview of the conceptual …
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 …