The Federal Reserve System is pleased to release Strategies for Improving the U.S. Payment System: Federal Reserve Next Steps in the Payments Improvement Journey (Next Steps), which outlines a series of refreshed strategies and nine new tactics the Federal Reserve will employ, in collaboration with industry, to further progress toward …
Fall conference season is gearing up and the Chicago Payments Symposium is a can’t miss event for anyone involved in the payments industry. Symposium attendees can expect to hear informative dialogue on topics such as: the current state of the industry, next generation payments technology, interoperability and more. The two …
As part of an educational outreach program designed by the Federal Reserve Banks to increase awareness of how ISO® 20022 will impact the Fedwire Funds Service, we will be offering two new ISO 20022 educational webinars this fall: ISO 20022 Beginner Webinar October 5, 2017 from 1-3:00 p.m. ET Join …
With Gordon Werkema set to retire in September, we are pleased to announce that Dave Sapenaro, first vice president and chief operating officer of the St. Louis Fed, will succeed him as Payments Strategy Director. Sapenaro, a 32 year veteran of the Federal Reserve System, has played an instrumental role …
If you’re a regular attendee of payments industry conferences, then chances are you’ve seen one of our speaking sessions or passed by our booth in the exhibit hall. That’s because we’ve been fixtures at many industry events since the launch of our initiative in 2015. This year will be no …
The Faster Payments Task Force, a group of more than 300 diverse payments industry stakeholders convened by the Federal Reserve System, has published its highly anticipated recommendations for developing and implementing a safe, ubiquitous, faster payments system in the United States. Leaders from the Faster Payments Task Force announced 10 …
It’s almost time! After much anticipation and preparation the Faster Payments Task Force’s The U.S. Path to Faster Payments Final Report Part Two: Call to Action will be released tomorrow, Friday, July 21. We hope you’re just as excited to embrace the future of faster payments as we are. Prior …
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 …