PYMNTS

DECEMBER 18, 2018

The letter, noted the report, was in response to a request for comment from the Federal Reserve about what its role should be in driving faster payments. “Only the Federal Reserve can serve as the catalyst to achieve real-time payments ubiquity in a timely manner,” the tech companies said in the letter.

Real Time Payments 83

Real Time Payments Fed Federal Reserve Payment Networks 83

Faster Payments Council

SEPTEMBER 17, 2019

While responses to the FedNow Request for Comment aren't due until November 7, we're looking at a significant strategic undertaking: we're forming recommendations for the first new payments system initiated by the Fed in more than 40 years. The clock is ticking. And, that's no small task, as I mentioned previously.

FPC 68

FPC FedNow Fed Request for Comment 68

PYMNTS

DECEMBER 20, 2018

The Fed, of course, has had a request for comment open for a while. If the Federal Reserve were to offer a service that was not interoperable, the effect on the faster payments marketplace would be dramatic,” wrote BB&T CEO Kelly King in a comment letter to the Fed.

Cross-Border 53

Cross-Border SWIFT Federal Reserve Fed 53