Survey Yields Important Insights for Proposed U.S. Faster Payments Council
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) …
Improve Payment Security with Current Resources – and More to Come
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 …
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 …
U.S. Faster Payments Council Proposed: Industry Encouraged to Review, Comment
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 …
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 …
Coming Soon: Draft Faster Payments Framework for Stakeholder Feedback
A framework to help drive the industry toward ubiquitous faster payments is about to make its debut. In its final report published last July, the former Faster Payments Task Force identified establishment of this industry governance framework as critical to sustaining progress and successfully executing many of its recommendations. The task …
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 …
Enhanced FedPayments Improvement Community Puts you in Control
We believe that industry collaboration with diverse payment stakeholders is paramount to the success of the Federal Reserve’s payments improvement initiatives. Our commitment to stakeholder engagement is what led us to create the FedPayments Improvement Community back in 2015, and remains the driving force behind the enhancements we’re introducing today. …
Secure Payments Task Force Publishes Payment Lifecycles and Security Profiles
As announced earlier today, the Secure Payments Task Force published the Payment Lifecycles and Security Profiles educational materials outlining the lifecycles, security characteristics and relevant laws and regulations for the most common payment types. Developed through collaborative efforts of task force participants with diverse payments and security expertise and perspectives, …