Remove Faster Payments Remove Federal Reserve Remove FedPayments Improvement
article thumbnail

Retailers Ask The Fed For Real-Time Payments

PYMNTS

The Fed had discussed actions that could aid in the creation of a faster payment system, such as the development of a real-time settlement service. Target and Walmart, as well as trade groups like the National Retail Federation, have reportedly long talked to the Fed about faster payments.

Fed 55
article thumbnail

Fed Task Force Releases Payment Lifecycles And Security Profiles

PYMNTS

The profiles serve as educational materials outlining the lifecycles, security characteristics and relevant laws and regulations for the most common payment types, the Federal Reserve said in a press release. “We payment system and keeping pace with the rapidly evolving and expanding threat environment.”.