Federal Reserve to examine security components of proposals it’s receiving this month for technologies that can be used to enable faster payments in the U.S. A key issue in moving to faster payments is mitigating the greater risk of fraud. Next year, the Fed will issue a report to help the financial services industry identify what technology gaps still need to be filled to make faster payments a reality. Proposals can only be submitted by businesses that are among the 331 members that make up the Fed’s Faster Payments Task Force.”]
Source: https://www.bankinfosecurity.com/fed-faster-payments-a-9024