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Retailers Ask The Fed For Real-Time Payments

PYMNTS

Target and Walmart , among other companies, are asking the Fed to create a way for interbank transfers to be settled in real time, 24/7, in an effort to get paid in real time. 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.

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Fed Task Force Releases Payment Lifecycles And Security Profiles

PYMNTS

With the publication of the profiles, the task force will transition into the FedPayments Improvement Community to continue to engage with the Fed’s ongoing payment improvement initiatives. “Strong stakeholder collaboration is key to maintaining public confidence in the U.S.