Federal Reserve issues progress report on efforts to improve the U.S. payment system

[kreslik.news]

Federal Reserve Issues Progress Report on Efforts to Improve the U.S. Payment System

The Federal Reserve on Thursday released a progress report outlining accomplishments and anticipated steps moving forward related to the ongoing initiatives to enhance the speed, efficiency and security of the U.S. payment system.

The progress report highlights collaborative efforts in support of five strategies outlined in the January 2015 publication of Strategies for Improving the U.S. Payment System. These strategies are being pursued by the Federal Reserve in conjunction with various private sector businesses, financial services providers, financial institutions, consumer groups and government agencies.

"The Fed's priority ... (read more)