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Retailers Ask The Fed For Real-Time Payments

PYMNTS

The news comes as Federal Reserve Governor Lael Brainard said in early October that the Fed’s infrastructure underpinning payments could use some modernization in an effort to support fast payments “for all.” And payment terminals might need to be revamped in order to work with such a new system.

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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 Strong stakeholder collaboration is key to maintaining public confidence in the U.S.