article thumbnail

The Fed Prioritizes Security As Payments Speed Up

PYMNTS

Federal Reserve is turning heads for its attention to faster payments, but the Fed has recently announced yet another initiative in the payments innovation space. Last week, the Fed’s Secure Payments Task Force called for comment from industry stakeholders about what challenges they face when it comes to payments security.

Fed 77
article thumbnail

Fed Task Force Releases Payment Lifecycles And Security Profiles

PYMNTS

Through the collaborative efforts of those with backgrounds in payments and security, the Federal Reserve’s Secure Payments Task Force has published “Payment Lifecycles and Security Profiles.”

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Fed Looks To Keep Momentum Going On Payments Improvements

PYMNTS

According to the Fed, payments must not only be faster, they must also be safe and ubiquitous. This year is a critical one for this initiative, the Fed said, with the Fed’s Faster Payments Task Force having already issued the results of its assessment and recommendations for continued progress.

Fed 49
article thumbnail

Does The U.S. Faster Payment System Need A Federal Mandate?

PYMNTS

The Task Force looks to develop a cohesive faster payments implementation policy focusing on initiatives designed to boost the U.S. payment system’s speed, efficiency and security. A second Faster Payments Task Force report outlining recommendations for a U.S.