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Same Day ACH, the fasterpaymentsinitiative for banks and other financial institutions in the United States, seems to be popular. still has a long way to go and plenty of fasterpayment lessons to learn. still has a long way to go and plenty of fasterpayment lessons to learn. But the U.S.
Federal Reserve is turning heads for its attention to fasterpayments, but the Fed has recently announced yet another initiative in the payments innovation space. “The SecurePaymentsTaskForce is particularly interested in understanding any barriers that may exist to implementing the planned solutions.”
“Through the strategies and tactics outlined in this next steps plan, the Federal Reserve will support continued industry momentum toward safe, ubiquitous, fasterpayments for our country.”. According to the Fed, payments must not only be faster, they must also be safe and ubiquitous.
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