Task forces begin review of faster payments solution proposals

[kreslik.news]

Task Forces Begin Review of Faster Payments Solution Proposals

Members of the two national task forces convened by the Federal Reserve to make payments faster and more secure have begun to review and discuss 19 specific proposals submitted by interested task force members across the payments industry that outline potential approaches for a faster payment system in the United States.

The detailed proposals and preliminary assessments have been distributed to the nearly 500 members of the two task forces, each of which includes representatives of financial institutions, consumer groups, payment service providers, financial technology firms, businesses, government agencies, and other interested ... (read more)