Remove Interoperability Remove ISOs Remove Secure Payments Task Force
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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

This year is a critical one for this initiative, the Fed said, with the Fed’s Faster Payments Task Force having already issued the results of its assessment and recommendations for continued progress. This includes the implementation of ISO 20022 messaging standards across organizations like NACHA and SWIFT.

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