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Fed’s Sapenaro On How To Forge Ahead With Payments Innovation

PYMNTS

With the financial services space shifting from a competitive nature to a collaborative spirit between traditional banks and emerging FinTechs, one major stakeholder in the payments industry has quietly been an integral part of this co-op: the Federal Reserve. These are hard things to do, but I’m very hopeful and optimistic, really.”.

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Fed Looks To Keep Momentum Going On Payments Improvements

PYMNTS

Within the text the Fed highlights some of the progress that has been made in each of the categories upon which the Fed is focusing its payments improvement efforts and outlines next steps for industry stakeholders to take in order to continue making progress. Our 2015 paper laid out ambitious goals for the U.S. Efficiency.

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Does The U.S. Faster Payment System Need A Federal Mandate?

PYMNTS

To protect such vast sums of money, the Faster Payments Task Force report indicated it had reviewed 22 faster payment solution proposals so far, and had analyzed some of the potential hurdles that could impede successful faster payment solutions. payment system’s speed, efficiency and security.