To support the development, testing and adoption of the FedNow(SM) Service, the Federal Reserve has announced industry participants in the FedNow Pilot Program.
Faster payments, including instant payments, are quickly gaining popularity around the world. And here in the United States, the topic is at the forefront of the payments industry. Now is the time to start learning more about this important and evolving area for the future of payments.
As part of our collaborative efforts with the industry to improve the U.S. payment system, the Federal Reserve will be sharing educational resources to help stakeholders across the payments ecosystem see the possibilities and plan for the implementation of instant payments.
Connie Theien, Senior Vice President and Director of Payments Industry Relations at the Federal Reserve Bank of Chicago will advise on the newly formed U.S. Faster Payments Council’s (FPC) Board Advisory Group.
Beginning a new role can be a stressful transition during the best of times. Taking the reins as executive director of the U.S. Faster Payments Council (FPC) in the midst of a global health crisis adds another layer of complication.
We are pleased to announce the selection of McKinsey & Company to support Faster Payments Task Force efforts this year to assess faster payments solution proposals from various providers across the U.S. payments industry. The Federal Reserve established the 331-member Faster Payments Task Force in 2015 to support a broader …
In our previous blog, we had a call-out asking for payment innovators to share with us innovations for making payments faster. Several of you let us know you had something in the works! Now is your chance to display your capabilities to the Faster Payments Task Force and your industry …