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FED Outlines Next Steps on ‘Faster Payments'

Posted on 1/27/2015

The Federal Reserve System yesterday released a paper outlining its next steps in developing an infrastructure to speed up electronic payments and settlements. The Fed's goal is to achieve a payments system that offers greater speed, security, efficiency, cross-border options and stakeholder collaboration. The Fed plans to launch task forces to give bankers and other stakeholders a platform to share input.

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