In preparation for the release of the Final Report Part Two, let’s take a look at another word that matters. Do you know what interoperability means? One of the most critical factors in developing a real-time payment system in the U.S. and a key topic in the forthcoming report is …
In order to achieve its objective of identifying effective faster payments capabilities, the Faster Payments Task Force had to define what was necessary to achieve an effective real-time payment system. What would this look like and how would you know it if you saw it? The over 300 stakeholders on …
Curious to learn more about the major phases of the Faster Payments Task Force work? Review the work necessary to identify and assess possible faster payments solutions by selecting the name of each phase!
Today, the Federal Reserve released additional data from the 2016 Federal Reserve Payments Study that was published in December 2016. The information contained in the release surrounds a variety of payment types including check, card and ACH. Discover more about these changes by reviewing a few of the fast facts from …
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 …