Federal Reserve’s Ed O’Neill offers an update on the activities of the two task forces tackling faster payments initiatives. He discusses the security issues related to faster payments and why the Fed will not endorse specific technologies for faster payments. The Federal Reserve is working with the Secure Payments Task Force to reduce fraud risk and advance the safety, security and resiliency of the U.S. payment system. The Fed has two task groups tackling this and other important issues, and a new report will be released soon.”]
Source: https://www.cuinfosecurity.com/faster-payments-initiative-whats-next-a-10017