PYMNTS

NOVEMBER 7, 2016

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.

Fed 77

Fed Secure Payments Task Force Security Federal Reserve 77

Payments Source

DECEMBER 8, 2017

Kenneth Montgomery will chair the Secure Payments Task Force, which is comprised of more than 200 industry stakeholders who are working on a faster payment system in the U.S.

Federal Reserve 61

Federal Reserve Secure Payments Task Force Security Faster Payments 61

PYMNTS

DECEMBER 11, 2017

He will lead the Fed’s initiative to address payments fraud risk and boost the security of payments in the U.S. The position means Montgomery will chair the Secure Payments Task Force, one of several task forces the Fed has formed to promote innovation and advancement in the industry.

Fed 45

Fed Secure Payments Task Force Payment Security Federal Reserve 45

PYMNTS

DECEMBER 7, 2016

With faster payments quickly becoming more popular, financial institutions are beginning to realize that payments need to be just as secure as they are fast.

Faster Payments 76

Faster Payments NACHA Secure Payments Task Force Same Day ACH 76

PYMNTS

AUGUST 31, 2017

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.

Federal Reserve 64

Federal Reserve Innovation Secure Payments Task Force Faster Payments 64

PYMNTS

MARCH 16, 2018

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.”

FedPayments Improvement 40

FedPayments Improvement Secure Payments Task Force Federal Reserve Security 40

PYMNTS

SEPTEMBER 7, 2017

To move forward, the Fed said it will support a working group and other collaborative efforts to continue developing a faster payments ecosystem for the nation, and work with industry stakeholders to address gaps and requirements for real-time payments settlement.

Fed 49

Fed Federal Reserve Cross-Border Payments Cross-Border 49