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 …
The Federal Reserve Board on May 31 announced final amendments to the check collection and return provisions in Regulation CC (Availability of Funds and Collection of Checks) and also requested further public comment on an additional proposed amendment to Regulation CC’s liability provisions. The final amendments update Regulation CC to …
Just like the Harlem Globetrotters travel the world playing basketball, we travel the world keeping the payments industry informed on the progress of our initiative. By the end of this year, we will have amassed hundreds of industry engagements in the name of payment system improvements. We regularly attend events …
Survey extended to May 19 The 180-member Secure Payments Task Force convened by the Federal Reserve to advance the safety, security and resiliency of the national payment system is asking the industry for feedback on a set of payment use cases, which map out the lifecycle of a payment. The …
In 2016, we conducted nearly 500 presentations at conferences and meetings all around the world and we have no plans of slowing down any time soon! Once again, we’ll be traversing the globe to inform the industry and stakeholders on the state of our initiative. We regularly attend events to …
The Business Payments Coalition (Off-site) originally released the Small Business Payments Toolkit (PDF) in April of 2015 to further encourage the adoption of electronic business-to-business payments and remittance information exchanges by small businesses. Each volume builds upon the content released in previous volumes with new content and updates made to address …
Spring conference season is gearing up and we’re ready to hit the road and engage with the industry. Four leaf clovers and pots of gold may be tough to find, but FedPayments Improvement is anything but that, so put away your lucky charm, because you won’t need it to find …
This month we’ll be hosting a webinar series that will go into further detail on the 2016 accomplishments and 2017 plans discussed in our recently released Strategies for Improving the U.S. Payment System – January 2017 Progress Report (Off-site). Specifically, the webinars will focus on the work-to-date of both the …
As we enter into 2017, it’s hard to believe that it has only been two years since we published Strategies for Improving the U.S. Payment System (PDF), our multi-year plan that focuses on end-to-end improvement of the speed, efficiency and security of our country’s payment system. To commemorate another year …
From 2012 to 2015, credit and debit (including prepaid and non-prepaid) card payments continued to gain ground in the payments landscape, accounting for more than two-thirds of all core noncash payments in the United States, according to a Federal Reserve study of U.S. non-cash payments released December 22, 2016. Automated Clearing …