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Federal Reserve—Invitation to Provide Feedback in Pursuit of a Better Payment System

Friday, April 28, 2017   (0 Comments)
Posted by: Terri Brustad

The 180-member Secure Payments Task Force convened by the Federal Reserve to advance the safety, security and resiliency of the national payment system is asking the industry for feedback on a set of payment use cases which map out the life cycle of a payment for eight payment types. The payment uses cases are intended to provide a common foundation for the payments industry to understand the landscape as it is today and the associated risks. Each use case includes the unique payment flow overview, payment type operation, overview of security methods and associated risks, inventory of sensitive payment data and associated risks, and overview of standards.

The Secure Payments Task Force is looking for your feedback on how you or others within your organization will use this information as well as how you would prefer to access this material.

Review the payment uses cases for more details and complete the Payment Use Cases Industry Survey by Friday, May 12.

  • ACH
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  • Card Signature
  • Check
  • Contactless
  • Wallet
  • Wire 

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