FRB Secure Payments Task Force to Disband

The Board of Governors of the Federal Reserve (“FRB”) Secure Payments Task Force (“Task Force”) will disband in March 2018 and its members will transition into a newly formed FRB FedPayments Improvement Community (“Community”). The Community provides a forum for payments industry stakeholders to participate in market efforts based on their “interest, expertise and availability.” The Task Force is scheduled to release a final report this month describing current primary payment methods.

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