From: ACA International
The Fed seeks industry engagement in a Jan. 29 webcast on payment system improvement.
The Federal Reserve has issued a multi-faceted plan, “Strategies for Improving the U.S. Payment System,” for collaborating with payment system stakeholders including large and small businesses, emerging payment firms, card networks, payment processors, consumers and financial institutions to enhance the speed, safety and efficiency of the U.S. payment system.
“A safer, more efficient and faster payment system contributes to public confidence and economic growth,” said Federal Reserve Board Governor Jerome H. Powell, who will co-chair the initiative’s oversight committee. “We look forward to working with payment stakeholders to realize this vision.”