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Fed Issues Update on Faster Payments Project

Posted on 1/27/2017

The Federal Reserve has released a status update on its "faster payments" initiative, reporting progress on five key strategies: stakeholder engagement, faster payments, payment security, payment efficiency and enhanced Fed services. The report documents actions taken by the Fed's Faster Payments Task Force and Secure Payments Task Force. A final report with recommendations on faster payments is due in mid-2017.

Read the progress report

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