Fed picks McKinsey to scrutinise faster payment proposals
Consultancy firm will assess options for US-wide real-time system
Consultancy firm McKinsey and Company is to assess proposals for a real-time payment system in the US, the Federal Reserve revealed on March 29.
The Fed's drive to overhaul the quality of retail payments across the country enters a new phase in April, when members of its Faster Payments Task Force will submit "comprehensive faster payment solution proposals".
The task force was set up in 2015 to outline the specifications that a new system should meet. Ultimately, 331 members from across the
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