Last week, we celebrated the first anniversary of Strategies for Improving the U.S. Payment System (PDF), a multi-faceted plan to enhance the speed, safety and efficiency of the U.S. payment system. Over the past year, we have seen the strategies and tactics included in the plan come to life through …
You may notice some changes to our site navigation today. We made updates to better align information you need to stay engaged with our progress toward the five desired outcomes outlined in the Strategies for Improving the U.S. Payment System (PDF) paper. Our navigation now includes sections around Faster Payments, …
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 …
Are you one of or do you know the best and brightest working on capabilities aimed to make payments faster? Capabilities that not only improve speed but prove that faster really is better and can be secure? The Faster Payments Task Force is interested in learning about your cutting-edge innovations …
As outlined in the Strategies for Improving the U.S. Payment System (PDF), the Faster Payments Task Force was established earlier this summer with the objective of identifying and evaluating approach(es) for implementing a safe, ubiquitous, faster payments capability within the United States. The Faster Payments Task Force spent the last several …
We are pleased to announce that Federal Reserve Bank of Chicago Senior Vice President Todd Aadland has been appointed as the Payments Security Strategy Leader. In his new role, Todd’s responsibilities will include chairing the Secure Payments Task Force and leading the Federal Reserve System’s activities aimed at addressing fraud …
Today the Federal Reserve announced the appointment of Sean Rodriguez as the new Faster Payments Strategy Leader. Sean, a senior vice president at the Federal Reserve Bank of Chicago, will be tasked with leading activities aimed at identifying effective approaches for implementing a safe, ubiquitous, faster payments capability in the …
In an announcement (PDF) on May 29, 2015, the Federal Reserve named Gordon Werkema as the new Payments Strategy Director tasked with leading the major payment system improvement initiatives outlined in the Strategies for Improving the U.S. Payment System (PDF) paper. Werkema’s resume makes it easy to see why he …
In early April 2015, the Business Payments Coalition (Off-site) released the first volume of the Small Business Payments Toolkit (PDF). The toolkit is intended to encourage the adoption of electronic business-to-business payments and remittance information exchanges by small businesses. The Remittance Coalition is a group of payments industry players (including …
Without further ado, we are pleased to announce that the Faster Payments Task Force and Secure Payments Task Force are open for registration! For those of you who don’t know, the formation of these task forces is one of the first milestones to come out of our Strategies for Improving …