Federal Reserve is expanding its payments focus beyond the services it provides today to merchants and banking institutions. David Lott is a retail payments expert within the Retail Payments Risk Forum, which is part of the Federal Reserve Bank of Atlanta. He has more than 35 years of experience in retail banking and payments, and works with payments stakeholders in researching payments systems and products as well as risks and mitigating strategies. Lott also discusses the types of financial fraud that are most concerning; the importance of a variety of stakeholders within the payments industry playing a role in crafting a faster payment strategy.”]
Source: https://www.databreachtoday.com/video-feds-focus-on-faster-payments-a-8711