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Faster Payments Task Force to Unveil Recommendations in Live Broadcast

July 21, 2017 / Source: FedPayments Improvement

Posted on July 21, 2017

The Faster Payments Task Force, a group of more than 300 diverse payments industry stakeholders convened by the Federal Reserve System, has published its highly anticipated recommendations for developing and implementing a safe, ubiquitous, faster payments system in the United States.

Don’t miss the opportunity to join leaders from the Faster Payments Task Force today at 10:30 a.m. CT as they announce 10 recommendations that will chart the course for making payments faster and more accessible to everyone. They will also highlight the faster solution proposals, assessed against the task force’s Effectiveness Criteria, and how they represent a broad universe of creative and innovative ways to deliver faster payments. This online event will be broadcast live from the Federal Reserve Bank of Chicago and streamed via this site to audiences across the globe.

During the broadcast, industry leaders will share their perspectives regarding the benefits of a faster payment system for businesses and consumers, as well as steps the industry can take to build momentum toward a safe, ubiquitous, faster payments system in the United States.

Faster Payments Task Force leadership will participate in a conversation moderated by Sean Rodriguez, the Federal Reserve’s Faster Payments Strategy Leader. Panelists include:

  • Jan Estep, NACHA – The Electronic Payments Association
  • Steve Ledford, The Clearing House (TCH)
  • Tom Rea, U.S. Bank
  • Jim Reuter, FirstBank Colorado
  • Christina Tetreault, Consumers Union
  • Bradley Wilkes, WingCash

You can now read the report we’re discussing in this broadcast: The U.S. Path to Faster Payments, Final Report Part Two: A Call to Action. Within this report you can review the faster payment solution proposals and assessments, challenges and opportunities, and the 10 faster payment task force goals and recommendations for the industry.

In order to fulfill the vision laid out in the Final Report, the Faster Payments Task Force recommends ongoing collaboration and commitment. Go to FasterPaymentsTaskforce.org and get involved by joining our community and showing your support for the path to faster payments in the United States.