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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’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. Louis, as its new payments strategy director.

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

PYMNTS

But as additional faster payments solutions are introduced, will the Federal Reserve take on a more regulatory role? In late June, the American Bankers Association held its first ABA Payments Forum, gathering some of the top leaders in banking and FinTech to discuss a variety of payment strategies.