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 …
Curious to learn more about the major phases of the Faster Payments Task Force work? Review the work necessary to identify and assess possible faster payments solutions by selecting the name of each phase!
Today, the Federal Reserve released additional data from the 2016 Federal Reserve Payments Study that was published in December 2016. The information contained in the release surrounds a variety of payment types including check, card and ACH. Discover more about these changes by reviewing a few of the fast facts from …
You’ve heard quite a bit about the work done by the Faster Payments Task Force, but how much do you know about its composition? In anticipation of the release of the Final Report Part Two in late July, spend some time getting to know the Faster Payments Task Force. The …