Fed’s Powell lays out payments reform priorities
Jerome Powell stresses need to improve payments security
A US ‘task force' formed earlier this month to begin work on upgrading the economy's payment systems will have to "wrestle with some tough issues" related to security, Federal Reserve governor Jerome Powell said on June 25.
Powell laid out four areas to concentrate on in the realm of security, during remarks to a conference organised by the Kansas City Fed: delivering safe innovation, preventing attacks, planning how to respond when security is breached and educating the public.
"To innovate
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