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 …
That is the question. At least, it seems to be one of the questions swirling in industry conversations and press coverage about the faster payments strategy described in our Strategies for Improving the U.S. Payment System paper published two weeks ago. There are passionate industry voices on both sides of …
Last week we released our much anticipated Strategies for Improving the U.S. Payment System (PDF). One of the five desired outcomes outlined in the paper, collaboration, is about the need for a broad array of payment participants to collectively identify approaches for payment system improvement and make material progress in …
The Federal Reserve System is pleased to release Strategies for Improving the U.S. Payment System, a multi-faceted plan for collaborating with payment system stakeholders to enhance the speed, safety and efficiency of the U.S. payment system. Read it here (PDF). Read the paper today, then join Kansas City Fed President …
A U.S. payment system that is safe, efficient and broadly accessible is vital to the U.S. economy, and the Federal Reserve plays an important role in promoting these qualities as a leader, catalyst for change and provider of payment services to financial institutions and the U.S. Treasury. The Federal Reserve …