Central Banking

Task force calls on Fed to upgrade settlement system

mobile-payments
Reforms could open up new forms of payment in the US

The US Faster Payments Task Force has called on the Federal Reserve to upgrade its settlement systems as part of a push to roll out better payments infrastructure.

The task force, an industry group co-ordinated by the Fed, has spent the past two years examining how to implement real-time retail payments in the US, which has long lagged behind others in the field of payments.

The group released its second and final report on July 24, calling on the Fed to implement a settlement system that

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: