I spoke about the payments security initiative on another occasion.3 The Secure Payments Task Force has been advancing important work, including outlining ways for the industry to improve payment identity management practices, crafting guidance on standardizing fraud and risk data, and developing a framework for protecting sensitive payment data. You can expect to see the results of these efforts later this year.
Today, however, I will focus on the Faster Payments Task Force. In forming the task force, we committed to an inclusive and transparent approach that would ensure representation of diverse stakeholder interests.