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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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US Finds Its Faster Payments Future

PYMNTS

With faster payments quickly becoming more popular, financial institutions are beginning to realize that payments need to be just as secure as they are fast. Meanwhile, several banks, including Sweden’s SEB, are consider using Ripple’s digital currency for cross-border transactions.

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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.

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