We look forward to hearing from, and learning from, a broad array of stakeholders, including those who are actively involved in the provision of payment and banking services, as well as representatives of the consumers, households, and businesses who rely on the ability to make and receive payments every day. The future of payments will be determined by the actions we take today.
We can wait and watch how these issues evolve on their own. But this will likely result in a fragmented patchwork of systems that entails inefficiencies and risks and could leave behind many households, small businesses, and smaller banks. Alternatively, we can work with other stakeholders to embrace innovation and design a faster payments infrastructure for the future to promote broad access and resilience.