Federal Reserve engages in effort to assess faster payments solutions

[kreslik.news]

Federal Reserve Engages in Effort to Assess Faster Payments Solutions

The Federal Reserve on Tuesday announced the selection of McKinsey & Company to support Faster Payments Task Force efforts this year to assess faster payments solution proposals from various providers across the United States payments industry.

The Federal Reserve established the 331-member Faster Payments Task Force in 2015 to support a broader effort to improve the speed, safety and efficiency of payments. The task force is specifically charged with identifying effective approaches for implementing faster payment capabilities in the United States. Next month, interested task force members will submit comprehensive faster ... (read more)