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Nearly three dozen executives from a variety of retailers and financial institutions, including members of the credit union industry, will take on key leadership roles as members of the steering committees of the Federal Reserve’s Faster Payments Task Force and its Secure Payments Task Force, according to the Federal Reserve.

The task forces are part of a plan the central bank set in motion in January to improve the country’s payments system. Their steering committees will advise the Federal Reserve on meeting agendas and help prioritize various task force activities, as well as help form and recommend the scope of work groups, synthesize task force perspectives and determine what the task forces should deliberate.

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Tina Orem

 

Credit Union Times

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