Remove Interoperability Remove NACHA Remove Secure Payments Task Force
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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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Does The U.S. Faster Payment System Need A Federal Mandate?

PYMNTS

To protect such vast sums of money, the Faster Payments Task Force report indicated it had reviewed 22 faster payment solution proposals so far, and had analyzed some of the potential hurdles that could impede successful faster payment solutions. payment system’s speed, efficiency and security.