You may also be interested in:

Articles

New Opportunity for Treasurers to Help Shape U.S. Payments

  • By Andrew Deichler
  • Published: 3/17/2015
The Federal Reserve opened registration Monday for its Faster Payments Task Force and Secure Payments Task Force. Registration is open to all interested stakeholders with relevant knowledge on payments and who can make the time commitment to assist the Fed in developing its new strategy for speeding up and securing the U.S. payments system.

Participants on the Faster Payments Task Force will be required to identify and evaluate different approaches that would allow for faster payments in the U.S., while participants on the Secure Payments Task Force will help the Fed better secure the payments system. According to Esther George, president of the Federal Reserve Bank of Kansas City, the Fed is looking for “diverse and committed membership” to ensure a broad range of perspectives. “We welcome and actively seek participation from the entire spectrum of payment system participants, including businesses and consumers,” she said.

Magnus Carlsson, AFP’s manager of treasury and payments, see these task forces as a great opportunity for treasurers to impact the shape of the future payment system in the U.S. “It is very encouraging that the Fed is approaching this issue by using the experts in the market to form the best course of action,” he said.

Carlsson, a strong proponent for speeding up payments in the U.S., added that AFP is hoping to be part of at least the Faster Payments Task Force.

Treasury and finance professionals interested in taking part in the effort can visit fedpaymentsimprovement.org or listen in on one of two teleconferences that the Fed is hosting on the subject on March 20 and 31. Registration must be completed by April 17.

Register for AFP 2018 and Save $250
Your biggest challenges solved. Cutting edge tech, industry leaders and innovative ideas will be brought together this November at AFP 2018.
Register for AFP 2018 Now

Copyright © 2018 Association for Financial Professionals, Inc.
All rights reserved.