Bloomberg News
MISSION STATEMENT: The Fed's goal is to ready the U.S. payment system "to meet evolving end-user needs for speed, efficiency and security," said Narayana Kocherlakota, chairman of the central bank's financial services policy committee.

Fed Pushes Ahead on Faster Payments Initiative

The regional Federal Reserve banks are trying to maintain momentum in their efforts to improve the U.S. payment system.

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