The paper emphasizes the need for a secure payment system that has the public’s confidence and that keeps pace with the rapidly evolving and expanding threat environment.
To facilitate cooperation among the many stakeholders, under the leadership of Esther George, we have established two task forces: one for faster payments and one for payment  1  Federal Reserve System (2014), “The 2013 Federal Reserve Payments Study: Summary Report and Initial Data Release (PDF)  2  See Federal Reserve Banks (2013), “Payment System Improvement – Public Consultation Paper (PDF).