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Industry provides feedback on proposed U.S. Faster Payments Council

The Governance Framework Formation Team (GFFT), on which our SVP, Strategic Operations Officer Charles Harkness serves, recently released a report summarizing industry stakeholders’ survey responses on the draft Operating Vision for the proposed U.S. Faster Payments Council (FPC).

The GFFT believes the report provides a transparent and accurate view of the industry’s feedback. The survey revealed general support for the organization with more than 85 percent of respondents indicating agreement with its guiding principles and 70 percent indicating agreement with the FPC’s likely effectiveness in achieving ubiquity. At the same time, the survey yielded insights on how the FPC could be refined to meet the payments industry needs, particularly in the areas of funding and board structure.

Check out the survey report to learn more on www.FedPaymentsImprovement.org or download the full report.