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Fed’s Sapenaro On How To Forge Ahead With Payments Innovation

PYMNTS

With the financial services space shifting from a competitive nature to a collaborative spirit between traditional banks and emerging FinTechs, one major stakeholder in the payments industry has quietly been an integral part of this co-op: the Federal Reserve. They’re used to immediacy, and they expect that with the payments system as well.”.

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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.”

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Fed Looks To Keep Momentum Going On Payments Improvements

PYMNTS

To move forward, the Fed said it will support a working group and other collaborative efforts to continue developing a faster payments ecosystem for the nation, and work with industry stakeholders to address gaps and requirements for real-time payments settlement. Cross-Border Payments.

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

PYMNTS

That’s a question the Federal Reserve Faster Payments Task Force is considering as it looks at ways to make U.S. faster payments safer and more efficient. The Task Force looks to develop a cohesive faster payments implementation policy focusing on initiatives designed to boost the U.S.