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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.

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Fed Names New Payments Security Leader

PYMNTS

The position means Montgomery will chair the Secure Payments Task Force, one of several task forces the Fed has formed to promote innovation and advancement in the industry.

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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. That’s what we need.

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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.” payment system and keeping pace with the rapidly evolving and expanding threat environment.”.

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Fed Looks To Keep Momentum Going On Payments Improvements

PYMNTS

Within the text the Fed highlights some of the progress that has been made in each of the categories upon which the Fed is focusing its payments improvement efforts and outlines next steps for industry stakeholders to take in order to continue making progress. Our 2015 paper laid out ambitious goals for the U.S. Efficiency.

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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. Since the U.K.’s