We believe that the task force has successfully carried out this role. We are very grateful to the members of the Faster Payment Task Force for all of their work and for the collaborative spirit they brought to the job. But there is more to be done to advance our collective vision of a ubiquitous, real-time, secure future payment system.
Last month, the Federal Reserve reaffirmed its commitment to that vision in the paper, “Federal Reserve Next Steps in the Payments Improvement Journey,” which outlines refreshed strategies and tactics that we, in collaboration with the payment industry, will employ to make further progress. 8 I will mention just a few.