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(FED) Industry Group Takes Step Forward with Release of Draft Faster Payments Governance Framework


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A draft framework for a faster payments governance organization to be called the U.S. Faster Payments Council is now available for broad industry review and feedback. The goal of the proposed U.S. Faster Payments Council is a ubiquitous, world-class system in 2020 where Americans can safely and securely pay anyone, anywhere, at any time and with immediate funds availability.

 

The U.S. Faster Payments Council represents the work of the Governance Framework Formation Team (GFFT), a diverse group of payments industry stakeholders that was established by the former Faster Payments Task Force to advance the first recommendation of the Task Force’s final report (Off-site, PDF).

https://fedpaymentsimprovement.org/u-s-faster-payments-council-proposed-industry-encouraged-to-review-comment/

 

Stake holders :

https://fedpaymentsimprovement.org/wp-content/uploads/GFFT-Member-List_Updated.pdf

 

I only skimmed but nothing about ripple at all...

Edited by Theone01
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A  lot of the somewhat effective's in the report are open to ambiguity.  At this stage the report looks half baked I'm sure there will be revisions updates, etc when more things are nailed down about who would actually handle what  but I don't see anything in here that gives Ripple an overall bad report just indications there is more clarification needed  and some things to be worked on.

Edited by Guest
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17 somewhat effective

10 effective

9 very effective

 

4 level grades and almost half was level 2....who knows what this all means only the feds do.

 

XRP did score great on cross border but not on domestic

 

would have to read the others and see how they scored 

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