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Fed Names New Payments Security Leader

PYMNTS

Federal Reserve System has appointed its Payments Security Strategy leader, the agency announced Friday (Dec. He will lead the Fed’s initiative to address payments fraud risk and boost the security of payments in the U.S.

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The Fed Prioritizes Security As Payments Speed Up

PYMNTS

Federal Reserve is turning heads for its attention to faster payments, but the Fed has recently announced yet another initiative in the payments innovation space. Last week, the Fed’s Secure Payments Task Force called for comment from industry stakeholders about what challenges they face when it comes to payments security.

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Fed Task Force Releases Payment Lifecycles And Security Profiles

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Through the collaborative efforts of those with backgrounds in payments and security, the Federal Reserve’s Secure Payments Task Force has published “Payment Lifecycles and Security Profiles.” payment system and keeping pace with the rapidly evolving and expanding threat environment.”.

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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.

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Fed Looks To Keep Momentum Going On Payments Improvements

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Since establishing the Secure Payments Task Force, the Fed said efforts on payments security have been closely aligned with those on payments speed. Again, the Fed said, industry collaboration will be critical in this regard, and noted that there is no end goal in payments security.

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Does The U.S. Faster Payment System Need A Federal Mandate?

PYMNTS

ACH payments were valued at $145.3 trillion and check payments were worth $26.8 With this much money on the line, keeping payments secure and moving from sender to recipient quickly is clearly a top priority. payment system’s speed, efficiency and security.