As outlined in Strategies for Improving the U.S. Payment System (PDF), one of the objectives of the Secure Payments Task Force was to determine areas of focus and priorities for future action to advance payment system safety, security and resiliency. In support of that objective, the Secure Payments Task Force created the following work groups:
- Data Protection
- Information Sharing for the Mitigation of Payments Risk and Fraud
- Law and Regulation Coordination
- Payment Identity Management
Each of the work groups convened regularly to document and discuss the challenges, attributes and desired outcomes of a more effective payments environment as well as barriers to payment system change implementation.